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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 62,481 $ 18,791
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 48,005 19,137
Amortization of above and below market lease intangibles, net (684) 0
Non-cash interest income adjustments (570) 26
Non-cash interest expense 2,481 1,591
Stock-based compensation expense 1,135 2,588
Straight-line rental income adjustments (11,563) (4,607)
Provision for doubtful accounts and loan losses 1,213 1,770
Change in fair value of contingent consideration 0 (822)
Net loss on sales of real estate 472 0
Impairment of real estate 532 0
Income from unconsolidated joint venture (446) 0
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other assets (1,658) (1,791)
Accounts payable and accrued liabilities 249 (5,096)
Net cash provided by operating activities 101,647 31,587
Cash flows from investing activities:    
Acquisition of real estate (172,001) 0
Origination and fundings of loans receivable (13,232) (508)
Origination and fundings of preferred equity investments (928) (51)
Additions to real estate (11,539) (520)
Repayments of loans receivable 28,805 118
Repayments of preferred equity investments 234 0
Investment in unconsolidated joint venture (354,461) 0
Net proceeds from the sales of real estate 6,743 0
Net cash used in investing activities (516,379) (961)
Cash flows from financing activities:    
Net repayments of revolving credit facility (30,000) (9,000)
Principal payments on secured debt (1,061) (1,021)
Payments of deferred financing costs (6) (109)
Distributions to noncontrolling interests (37) 0
Issuance of common stock, net (499) (3,224)
Dividends paid on common and preferred stock (82,789) (29,993)
Net cash used in financing activities (114,392) (43,347)
Net decrease in cash, cash equivalents and restricted cash (529,124) (12,721)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (155) 21
Cash, cash equivalents and restricted cash, beginning of period 587,449 34,665
Cash, cash equivalents and restricted cash, end of period 58,170 21,965
Supplemental disclosure of cash flow information:    
Interest paid $ 42,623 $ 18,127