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Consolidated Statement of Cash Flows (USD $)
In Thousands, unless otherwise specified
1 Months Ended 6 Months Ended 12 Months Ended
Dec. 31, 2010
Jun. 30, 2012
Jun. 30, 2011
Dec. 31, 2011
Cash flows from operating activities:        
Net income $ 7 $ 10,328 $ 3,335 $ 12,842
Adjustments to reconcile net income to net cash provided by operating activities:        
Depreciation and amortization 3,134 14,860 12,377 26,591
Non-cash interest income adjustments   (9) 0  
Amortization of deferred financing costs 230 1,447 995 1,998
Stock-based compensation expense 335 3,842 2,478 4,600
Amortization of premium on notes payable (2) (8) (8) (15)
Deferred taxes 242     0
Straight-line rental income adjustments 0 (1,690) (128) (2,092)
Changes in operating assets and liabilities:        
Prepaid expenses and other assets (609) (779) 219 (1,035)
Accounts payable and accrued liabilities 3,276 (1,914) 485 5,695
Restricted cash (21) (2,008) (1,825) (3,879)
Net cash provided by operating activities 6,592 24,087 17,928 44,705
Cash flows from investing activities:        
Cash received in the Separation 67,134     0
Acquisitions of real estate 0 (55,550) (74,000) (204,500)
Proceeds from Loan Originations   (21,176) 0  
Acquisition of note receivable 0 0 (5,348) (5,348)
Additions to corporate furniture, fixtures and equipment (16) (730) (86) (86)
Repayment of note receivable 0     5,348
Net cash (used in) provided by investing activities 67,118 (77,456) (79,434) (204,586)
Cash flows from financing activities:        
Proceeds from Lines of Credit   42,500 0  
Proceeds from Notes Payable 10,000 21,947 0  
Proceeds from mortgage notes payable 10,000     0
Payment of Separation-related obligations (9,081)     0
Principal payments on mortgage notes payable (235) (22,464) (1,499) (3,027)
Payments of deferred financing costs (161) (3,435) (270) (677)
Issuance of common stock 0 144 547 163,242
Dividends paid 0 (24,463) (8,051) (31,640)
Net cash provided by financing activities 523 14,229 (9,273) 127,898
Net (decrease) increase in cash and cash equivalents 74,233 (39,140) (70,779) (31,983)
Cash and cash equivalents, beginning of period 0 42,250 74,233 74,233
Cash and cash equivalents, end of period 74,233 3,110 3,454 42,250
Supplemental disclosure of cash flow information:        
Interest paid $ 760 $ 14,677 $ 14,476 $ 28,557