XML 81 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
Operating activities      
Net income $ 23,012 $ 36,367 $ 32,733
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 26,312 26,309 26,535
Amortization and write-off of deferred financing costs and debt discount 6,110 5,824 7,961
Premium paid on extinguishment of debt 3,833    
Straight-line rent revenue (4,932) (9,536) (9,402)
Share-based compensation expense 6,616 5,488 6,386
(Gain) loss from sale of real estate (10,566) (278) (9,305)
Deferred revenue and fee income (4,393) (847) (7,583)
Provision for uncollectible receivables and loans 14,400   5,700
Rent and interest income added to loans   (921) (5,556)
Straight-line rent write-off 3,694 1,111 14,037
Payment of interest on early prepayment of debt (7,324)    
Other adjustments (30) (246) (57)
Decrease (increase) in:      
Interest and rent receivable (5,490) (2,433) (4,392)
Other assets (566) 126 5,249
Accounts payable and accrued expenses (3,177) 1,700 4,757
Deferred revenue 13,138 87 2,854
Net cash provided by operating activities 60,637 62,751 69,917
Investing activities      
Real estate acquired (137,808) (421) (430,710)
Proceeds from sale of real estate 97,669 15,000 89,959
Principal received on loans receivable 90,486 4,305 71,941
Investment in loans receivable (11,637) (23,243) (95,567)
Construction in progress (6,638)    
Other investments (9,291) (7,777) (4,286)
Net cash provided by (used for) investing activities 22,781 (12,136) (368,663)
Financing activities      
Proceeds from term debt, net of discount 148,500   119,001
Payments of term debt (216,765) (1,232) (860)
Payment of deferred financing costs (6,796) 232 (6,072)
Revolving credit facilities, net (137,200) (55,800) 38,014
Distributions paid (77,087) (61,649) (65,098)
Lease deposits and other obligations to tenants 3,667 3,390 2,963
Proceeds from sale of common shares, net of offering costs 288,066 68,003 128,331
Other (2,702)    
Net cash provided by (used in) financing activities (317) (47,056) 216,279
Increase (decrease) in cash and cash equivalents for the year 83,101 3,559 (82,467)
Cash and cash equivalents at beginning of year 15,307 11,748 94,215
Cash and cash equivalents at end of year 98,408 15,307 11,748
Interest paid, including capitalized interest of $63 in 2011, $63 in 2010, and $- in 2009 29,679 33,272 31,277
Supplemental schedule of non-cash financing activities:      
Other common stock transactions   5 48
MPT Operating Partnership, L.P. [Member]
     
Operating activities      
Net income 23,087 36,430 32,733
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 26,312 26,309 26,535
Amortization and write-off of deferred financing costs and debt discount 6,110 5,824 7,961
Premium paid on extinguishment of debt 3,833    
Straight-line rent revenue (4,932) (9,536) (9,402)
Share-based compensation expense 6,616 5,488 6,386
(Gain) loss from sale of real estate (10,566) (278) (9,305)
Deferred revenue and fee income (4,393) (847) (7,583)
Provision for uncollectible receivables and loans 14,400   5,700
Rent and interest income added to loans   (921) (5,556)
Straight-line rent write-off 3,694 1,111 14,037
Payment of interest on early prepayment of debt (7,324)    
Other adjustments (30) (246) (57)
Decrease (increase) in:      
Interest and rent receivable (5,490) (2,433) (4,392)
Other assets (566) 126 5,249
Accounts payable and accrued expenses (3,252) 1,642 4,778
Deferred revenue 13,138 87 2,854
Net cash provided by operating activities 60,637 62,756 69,938
Investing activities      
Real estate acquired (137,808) (421) (430,710)
Proceeds from sale of real estate 97,669 15,000 89,959
Principal received on loans receivable 90,486 4,305 71,941
Investment in loans receivable (11,637) (23,243) (95,567)
Construction in progress (6,638)    
Other investments (9,291) (7,777) (4,286)
Net cash provided by (used for) investing activities 22,781 (12,136) (368,663)
Financing activities      
Proceeds from term debt, net of discount 148,500   119,001
Payments of term debt (216,765) (1,232) (860)
Payment of deferred financing costs (6,796) 232 (6,072)
Revolving credit facilities, net (137,200) (55,800) 38,014
Distributions paid (77,087) (61,649) (65,098)
Lease deposits and other obligations to tenants 3,667 3,390 2,963
Proceeds from sale of common shares, net of offering costs 288,066 68,003 128,331
Other (2,702)    
Net cash provided by (used in) financing activities (317) (47,056) 216,279
Increase (decrease) in cash and cash equivalents for the year 83,101 3,564 (82,446)
Cash and cash equivalents at beginning of year 15,307 11,743 94,189
Cash and cash equivalents at end of year 98,408 15,307 11,743
Interest paid, including capitalized interest of $63 in 2011, $63 in 2010, and $- in 2009 29,679 33,272 31,277
Supplemental schedule of non-cash financing activities:      
Other common stock transactions   $ 5 $ 48