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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash flows from operating activities:    
Net income $ 54,396 $ 47,035
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 62,290 51,273
Amortization of above and below market lease intangibles, net 637 0
Non-cash interest income adjustments (137) 549
Amortization of deferred financing costs 4,132 3,767
Stock-based compensation expense 8,329 6,137
Amortization of debt premium/discount (99) 81
Loss on extinguishment of debt 553 556
Straight-line rental income adjustments (18,260) (16,710)
Provision for doubtful accounts and loan losses 7,454 3,286
Change in fair value of contingent consideration (552) 50
Net (gain) loss on sales of real estate (4,614) 3,203
Impairment of real estate 0 29,811
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other assets (5,752) 1,381
Accounts payable and accrued liabilities (53,570) 6,217
Restricted cash (5,036) (2,820)
Net cash provided by operating activities 49,771 133,816
Cash flows from investing activities:    
Acquisition of real estate (393,064) (109,619)
Cash received in CCP Merger 77,858 0
Origination and fundings of loans receivable (5,642) (9,478)
Origination and fundings of preferred equity investments (2,713) (6,845)
Additions to real estate (3,233) (901)
Repayment of loans receivable 8,710 214,947
Repayments of preferred equity investments 3,239 0
Net proceeds from the sales of real estate 11,723 85,449
Net cash (used in) provided by investing activities (303,122) 173,553
Cash flows from financing activities:    
Net repayments of revolving credit facility (137,000) (255,000)
Proceeds from term loans 181,000 69,360
Principal payments on secured debt (3,094) (13,756)
Payments of deferred financing costs (15,316) (5,933)
Issuance of common stock, net 319,026 (1,289)
Dividends paid on common and preferred stock (86,813) (89,283)
Net cash provided by (used in) financing activities 257,803 (295,901)
Net increase in cash and cash equivalents 4,452 11,468
Effect of foreign currency translation on cash and cash equivalents 758 772
Cash and cash equivalents, beginning of period 25,663 7,434
Cash and cash equivalents, end of period 30,873 19,674
Supplemental disclosure of cash flow information:    
Interest paid 48,836 49,009
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of business in CCP Merger (see Note 3) 3,726,093 0
Assumption of indebtedness in CCP Merger (1,751,373) 0
Stock exchanged in CCP Merger (2,052,578) 0
Real estate acquired through loan receivable foreclosure $ 0 $ 10,100