XML 19 R6.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Operating activities    
Net income $ 68,185 $ 58,225
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,954 21,694
Direct financing lease interest accretion (2,286) (2,612)
Straight-line rent revenue (13,896) (8,217)
Share / (Unit)-based compensation expense 1,971 2,020
Amortization of deferred financing costs and debt discount 1,617 1,835
Gain from sale of real estate and other asset dispositions, net (7,413) (40)
Straight-line rent and other write-off 1,117  
Unutilized financing fees/ debt refinancing costs 13,629 4
Other adjustments (2,971) (3,142)
Changes in:    
Interest and rent receivables (4,208) (3,453)
Accounts payable and accrued liabilities\expenses (20,428) 3,022
Net cash provided by operating activities 64,271 69,336
Investing activities    
Cash paid for acquisitions and other related investments (9,004)  
Net proceeds from sale of real estate 64,335  
Principal received on loans receivable 3,233 1,954
Investment in loans receivable (1,410)  
Construction in progress and other (30,593) (55,301)
Net cash provided by (used for) investing activities 26,561 (53,347)
Financing activities    
Revolving credit facilities, net 90,000 (455,000)
Proceeds from term debt 955,280 500,000
Payments of term debt (675,201) (74)
Distributions paid (74,521) (52,402)
Lease deposits and other obligations to tenants 3,307 3,371
Debt issuance costs paid and other financing activities (15,882) (8,173)
Net cash provided by (used for) financing activities 282,983 (12,278)
Increase in cash and cash equivalents for period 373,815 3,711
Effect of exchange rate changes (10,107) 7,158
Cash and cash equivalents at beginning of period 83,240 195,541
Cash and cash equivalents at end of period 446,948 206,410
Interest paid 51,601 26,470
Supplemental schedule of non-cash financing activities:    
Distributions declared, unpaid 77,172 52,386
MPT Operating Partnership, L.P. [Member]    
Operating activities    
Net income 68,185 58,225
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 28,954 21,694
Direct financing lease interest accretion (2,286) (2,612)
Straight-line rent revenue (13,896) (8,217)
Share / (Unit)-based compensation expense 1,971 2,020
Amortization of deferred financing costs and debt discount 1,617 1,835
Gain from sale of real estate and other asset dispositions, net (7,413) (40)
Straight-line rent and other write-off 1,117  
Unutilized financing fees/ debt refinancing costs 13,629 4
Other adjustments (2,971) (3,142)
Changes in:    
Interest and rent receivables (4,208) (3,453)
Accounts payable and accrued liabilities\expenses (20,428) 3,022
Net cash provided by operating activities 64,271 69,336
Investing activities    
Cash paid for acquisitions and other related investments (9,004)  
Net proceeds from sale of real estate 64,335  
Principal received on loans receivable 3,233 1,954
Investment in loans receivable (1,410)  
Construction in progress and other (30,593) (55,301)
Net cash provided by (used for) investing activities 26,561 (53,347)
Financing activities    
Revolving credit facilities, net 90,000 (455,000)
Proceeds from term debt 955,280 500,000
Payments of term debt (675,201) (74)
Distributions paid (74,521) (52,402)
Lease deposits and other obligations to tenants 3,307 3,371
Debt issuance costs paid and other financing activities (15,882) (8,173)
Net cash provided by (used for) financing activities 282,983 (12,278)
Increase in cash and cash equivalents for period 373,815 3,711
Effect of exchange rate changes (10,107) 7,158
Cash and cash equivalents at beginning of period 83,240 195,541
Cash and cash equivalents at end of period 446,948 206,410
Interest paid 51,601 26,470
Supplemental schedule of non-cash financing activities:    
Distributions declared, unpaid $ 77,172 $ 52,386