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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net (loss) income $ (556,092) $ 903,819 $ 656,940
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 616,127 345,577 333,781
Amortization of deferred financing costs and debt discount 15,775 17,045 16,856
Straight-line rent revenue and other (233,703) (282,504) (288,717)
Stock / (Unit)-based compensation expense 33,250 49,421 52,110
(Loss) gain on sale of real estate 1,815 (536,755) (52,471)
Real estate and other impairment charges, net 376,907 268,375 39,411
Straight-line rent and other write-off 649,911 34,605 7,213
Debt refinancing and unutilized financing (benefit) costs (285) 9,452 27,650
Gain on sale of equity investments     (40,945)
Tax rate changes and other (167,332) 10,697 34,796
Non-cash revenue from debt and equity securities received (81,706)    
Other adjustments (23,870) 6,108 11,913
Changes in:      
Interest and rent receivables (141,729) (116,420) (23,867)
Other assets 13,750 (4,029) (4,375)
Accounts payable and accrued expenses (4,599) 33,576 54,058
Deferred revenue 7,567 43 (12,697)
Net cash provided by operating activities 505,786 739,010 811,656
Investing activities      
Cash paid for acquisitions and other related investments (235,187) (1,332,962) (5,350,239)
Net proceeds from sale of real estate 897,500 2,185,574 246,468
Principal received on loans receivable 501,630 53,322 1,595,708
Investment in loans receivable (250,223) (207,542) (58,932)
Construction in progress and other (114,425) (109,237) (67,725)
Proceeds from sale and return of equity investment 12,430 14,295 65,546
Capital additions and other investments, net (294,167) (207,394) (289,239)
Net cash provided by (used for) investing activities 517,558 396,056 (3,858,413)
Financing activities      
Proceeds from term debt, net of discount   128,536 3,407,535
Payments of term debt (988,162) (869,606) (1,390,994)
Revolving credit facilities, net 567,910 203,576 559,985
Dividends / Distribution paid (615,390) (698,535) (643,473)
Lease deposits and other obligations to tenants 10,139 (5,020) 17,815
Proceeds from sale of common shares, net of offering costs     1,051,229
Repurchase of common stock / unit   (17,940)  
Stock / Unit vesting - satisfaction of tax withholdings (8,079) (29,922)  
Other financing activities, Payment of debt refinancing and deferred financing costs 13,255 (53,612) (54,489)
Net cash (used for) provided by financing activities (1,020,327) (1,342,523) 2,947,608
Increase (decrease) in cash, cash equivalents, and restricted cash for the year 3,017 (207,457) (99,149)
Effect of exchange rate changes 11,397 (12,887) 4,662
Cash, cash equivalents, and restricted cash at beginning of year 241,538 461,882 556,369
Cash, cash equivalents, and restricted cash at end of year 255,952 241,538 461,882
Interest paid, including capitalized interest of $14,178 in 2023, $6,454 in 2022,and $3,289 in 2021 406,141 353,838 326,406
Supplemental schedule of non-cash investing activities:      
Debt and equity securities received for certain obligations, real estate, and revenue 804,520    
Certain obligations and receivable satisfied and real estate sold 722,814    
Supplemental schedule of non-cash financing activities:      
Dividends declared, unpaid 92,808 176,580 176,494
Cash, cash equivalents, and restricted cash are comprised of the following:      
Cash and cash equivalents at beginning of period 235,668 459,227 549,884
Restricted cash, included in Other assets at beginning of period $ 5,870 $ 2,655 6,485
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets  
Cash, cash equivalents, and restricted cash at beginning of year $ 255,952 $ 241,538 461,882
Cash and cash equivalents at end of period 250,016 235,668 459,227
Restricted cash, included in Other assets at end of period $ 5,936 $ 5,870 $ 2,655
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of year $ 255,952 $ 241,538 $ 461,882
MPT Operating Partnership, L.P. [Member]      
Operating activities      
Net (loss) income (556,092) 903,819 656,940
Adjustments to reconcile net (loss) income to net cash provided by operating activities:      
Depreciation and amortization 616,127 345,577 333,781
Amortization of deferred financing costs and debt discount 15,775 17,045 16,856
Straight-line rent revenue and other (233,703) (282,504) (288,717)
Stock / (Unit)-based compensation expense 33,250 49,421 52,110
(Loss) gain on sale of real estate 1,815 (536,755) (52,471)
Real estate and other impairment charges, net 376,907 268,375 39,411
Straight-line rent and other write-off 649,911 34,605 7,213
Debt refinancing and unutilized financing (benefit) costs (285) 9,452 27,650
Gain on sale of equity investments     (40,945)
Tax rate changes and other (167,332) 10,697 34,796
Non-cash revenue from debt and equity securities received (81,706)    
Other adjustments (23,870) 6,108 11,913
Changes in:      
Interest and rent receivables (141,729) (116,420) (23,867)
Other assets 13,750 (4,029) (4,375)
Accounts payable and accrued expenses (4,599) 33,576 54,058
Deferred revenue 7,567 43 (12,697)
Net cash provided by operating activities 505,786 739,010 811,656
Investing activities      
Cash paid for acquisitions and other related investments (235,187) (1,332,962) (5,350,239)
Net proceeds from sale of real estate 897,500 2,185,574 246,468
Principal received on loans receivable 501,630 53,322 1,595,708
Investment in loans receivable (250,223) (207,542) (58,932)
Construction in progress and other (114,425) (109,237) (67,725)
Proceeds from sale and return of equity investment 12,430 14,295 65,546
Capital additions and other investments, net (294,167) (207,394) (289,239)
Net cash provided by (used for) investing activities 517,558 396,056 (3,858,413)
Financing activities      
Proceeds from term debt, net of discount   128,536 3,407,535
Payments of term debt (988,162) (869,606) (1,390,994)
Revolving credit facilities, net 567,910 203,576 559,985
Dividends / Distribution paid (615,390) (698,535) (643,473)
Lease deposits and other obligations to tenants 10,139 (5,020) 17,815
Proceeds from sale of units, net of offering costs     1,051,229
Repurchase of common stock / unit   (17,940)  
Stock / Unit vesting - satisfaction of tax withholdings (8,079) (29,922)  
Other financing activities, Payment of debt refinancing and deferred financing costs 13,255 (53,612) (54,489)
Net cash (used for) provided by financing activities (1,020,327) (1,342,523) 2,947,608
Increase (decrease) in cash, cash equivalents, and restricted cash for the year 3,017 (207,457) (99,149)
Effect of exchange rate changes 11,397 (12,887) 4,662
Cash, cash equivalents, and restricted cash at beginning of year 241,538 461,882 556,369
Cash, cash equivalents, and restricted cash at end of year 255,952 241,538 461,882
Interest paid, including capitalized interest of $14,178 in 2023, $6,454 in 2022,and $3,289 in 2021 406,141 353,838 326,406
Supplemental schedule of non-cash investing activities:      
Debt and equity securities received for certain obligations, real estate, and revenue 804,520    
Certain obligations and receivable satisfied and real estate sold 722,814    
Supplemental schedule of non-cash financing activities:      
Dividends declared, unpaid 92,808 176,580 176,494
Cash, cash equivalents, and restricted cash are comprised of the following:      
Cash and cash equivalents at beginning of period 235,668 459,227 549,884
Restricted cash, included in Other assets at beginning of period $ 5,870 $ 2,655 $ 6,485
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of year $ 255,952 $ 241,538 $ 461,882
Cash and cash equivalents at end of period 250,016 235,668 459,227
Restricted cash, included in Other assets at end of period $ 5,936 $ 5,870 $ 2,655
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of year $ 255,952 $ 241,538 $ 461,882