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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 298,498 $ 54,396
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 143,301 62,290
Amortization of above and below market lease intangibles, net 4,193 637
Non-cash interest income adjustments (1,722) (137)
Non-cash interest expense 7,548 5,288
Stock-based compensation expense 6,275 8,329
Loss on extinguishment of debt 0 553
Straight-line rental income adjustments (34,404) (18,260)
Provision for doubtful accounts and loan losses 9,449 7,454
Change in fair value of contingent consideration 0 (552)
Net gain on sales of real estate (142,445) (4,614)
Impairment of real estate 1,413 0
Loss from unconsolidated joint venture 3,626 0
Distributions of earnings from unconsolidated joint venture 6,494 0
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other assets, net (4,031) (5,565)
Accounts payable and accrued liabilities (15,171) (56,561)
Net cash provided by operating activities 283,024 53,258
Cash flows from investing activities:    
Acquisition of real estate (239,001) (393,064)
Cash received in CCP Merger 0 77,858
Origination and fundings of loans receivable (41,448) (5,642)
Origination and fundings of preferred equity investments (5,285) (2,713)
Additions to real estate (21,695) (3,233)
Repayments of loans receivable 48,282 8,710
Repayments of preferred equity investments 6,491 3,239
Investment in unconsolidated joint venture (354,461) 0
Net proceeds from the sales of real estate 290,864 11,723
Net cash used in investing activities (316,253) (303,122)
Cash flows from financing activities:    
Net repayments of revolving credit facility (22,000) (137,000)
Proceeds from term loans 0 181,000
Principal payments on secured debt (3,202) (3,094)
Payments of deferred financing costs (12) (15,316)
Distributions to noncontrolling interests (107) 0
Preferred stock redemption (143,750) 0
Issuance of common stock, net (499) 319,026
Dividends paid on common and preferred stock (244,978) (86,813)
Net cash (used in) provided by financing activities (414,548) 257,803
Net (decrease) increase in cash, cash equivalents and restricted cash (447,777) 7,939
Effect of foreign currency translation on cash, cash equivalents and restricted cash (156) 758
Cash, cash equivalents and restricted cash, beginning of period 587,449 34,665
Cash, cash equivalents and restricted cash, end of period 139,516 43,362
Supplemental disclosure of cash flow information:    
Interest paid 111,519 48,836
Supplemental disclosure of non-cash investing and financing activities:    
Acquisition of business in CCP Merger (see Note 3) 0 3,726,093
Assumption of indebtedness in CCP Merger 0 (1,751,373)
Stock exchanged in CCP Merger $ 0 $ (2,052,578)