XML 44 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Operating activities    
Net income $ 7,307 $ 26,210
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 13,972 8,929
Direct financing lease (interest) accretion (1,604) (1,232)
Straight-line rent revenue (3,099) (2,661)
Straight-line rent write-off 950  
Provision for uncollectible loans 20,354  
Share-based compensation 2,287 1,919
Amortization and write-off of deferred financing costs and debt discount 1,049 897
Other adjustments 1,381 (673)
Changes in:    
Accounts payable and accrued expenses (19,641) (1,788)
Interest and rent receivable (4,674) (4,550)
Net cash provided by operating activities 18,282 27,051
Investing activities    
Cash paid for acquisitions and other related investments (115,000)  
Principal received on loans receivable 1,469 2,090
Investments in loans receivable (2,385) (800)
Construction in progress and other (27,925) (13,526)
Net cash used for investing activities (143,841) (12,236)
Financing activities    
Revolving credit facilities, net 50,000 (125,000)
Payments of term debt (68) (64)
Distributions paid (35,778) (27,786)
Proceeds from sale of common shares / units, net of offering costs 112,583 172,914
Lease deposits and other obligations to tenants 3,380 3,549
Debt issuance costs paid and other financing activities (241) (64)
Net cash provided by (used in) financing activities 129,876 23,549
Increase in cash and cash equivalents for period 4,317 38,364
Effect of exchange rate changes 13  
Cash and cash equivalents at beginning of period 45,979 37,311
Cash and cash equivalents at end of period 50,309 75,675
Interest paid 22,613 10,162
Supplemental schedule of non-cash financing activities:    
Distributions declared, unpaid 36,032 30,060
MPT Operating Partnership, L.P. [Member]
   
Operating activities    
Net income 7,307 26,210
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 13,972 8,929
Direct financing lease (interest) accretion (1,604) (1,232)
Straight-line rent revenue (3,099) (2,661)
Straight-line rent write-off 950  
Provision for uncollectible loans 20,354  
Share-based compensation 2,287 1,919
Amortization and write-off of deferred financing costs and debt discount 1,049 897
Other adjustments 1,381 (673)
Changes in:    
Accounts payable and accrued expenses (4,674) (1,788)
Interest and rent receivable (19,641) (4,550)
Net cash provided by operating activities 18,282 27,051
Investing activities    
Cash paid for acquisitions and other related investments (115,000)  
Principal received on loans receivable 1,469 2,090
Investments in loans receivable (2,385) (800)
Construction in progress and other (27,925) (13,526)
Net cash used for investing activities (143,841) (12,236)
Financing activities    
Revolving credit facilities, net 50,000 (125,000)
Payments of term debt (68) (64)
Distributions paid (35,778) (27,786)
Proceeds from sale of common shares / units, net of offering costs 112,583 172,914
Lease deposits and other obligations to tenants 3,380 3,549
Debt issuance costs paid and other financing activities (241) (64)
Net cash provided by (used in) financing activities 129,876 23,549
Increase in cash and cash equivalents for period 4,317 38,364
Effect of exchange rate changes 13  
Cash and cash equivalents at beginning of period 45,979 37,311
Cash and cash equivalents at end of period 50,309 75,675
Interest paid 22,613 10,162
Supplemental schedule of non-cash financing activities:    
Distributions declared, unpaid $ 36,032 $ 30,060