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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income $ 39,327 $ 21,723
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 36,357 34,171
Non-cash interest income adjustments 51 443
Amortization of deferred financing costs 2,558 2,494
Stock-based compensation expense 4,319 3,652
Amortization of debt discount 57 54
Loss on extinguishment of debt 0 556
Straight-line rental income adjustments (9,578) (11,117)
Provision for doubtful accounts and loan losses 2,305 2,746
Change in fair value of contingent consideration (822) (50)
Net (gain) loss on sales of real estate (4,032) 4,654
Impairment of real estate 0 29,811
Changes in operating assets and liabilities:    
Prepaid expenses and other assets (15,129) 3,265
Accounts payable and accrued liabilities 327 4,324
Restricted cash (1,869) (2,232)
Net cash provided by operating activities 53,871 94,494
Cash flows from investing activities:    
Acquisition of real estate (14,456) 0
Origination and fundings of loans receivable (927) (6,283)
Origination and fundings of preferred equity investments (76) (6,172)
Additions to real estate (1,294) (874)
Repayment of loans receivable 1,547 193,893
Repayments of preferred equity investments 2,766 0
Net proceeds from the sales of real estate 6,099 75,456
Net cash (used in) provided by investing activities (6,341) 256,020
Cash flows from financing activities:    
Net borrowing (repayments) of revolving credit facility 6,000 (255,000)
Proceeds from term loans 0 69,360
Principal payments on mortgage notes (2,049) (2,060)
Payments of deferred financing costs (124) (5,931)
Issuance of common stock, net (3,224) (1,289)
Dividends paid on common and preferred stock (60,691) (59,288)
Net cash used in financing activities (60,088) (254,208)
Net (decrease) increase in cash and cash equivalents (12,558) 96,306
Effect of foreign currency translation on cash and cash equivalents 130 128
Cash and cash equivalents, beginning of period 25,663 7,434
Cash and cash equivalents, end of period 13,235 103,868
Supplemental disclosure of cash flow information:    
Interest paid $ 28,944 $ 30,581