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Consolidated Statements of Cash Flows
$ in Thousands
12 Months Ended
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Dec. 31, 2015
USD ($)
Operating activities      
Net income $ 291,238 $ 225,937 $ 139,927
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 131,979 97,601 71,827
Amortization of deferred financing costs and debt discount 6,521 7,613 6,085
Direct financing lease interest accretion (9,933) (9,120) (8,032)
Straight-line rent revenue (70,808) (41,567) (26,187)
Share / (Unit)-based compensation expense 9,949 7,942 11,122
Gain from sale of real estate and other asset dispositions, net (7,431) (61,224) (3,268)
Impairment charges   7,229  
Straight-line rent and other write-off 5,340 3,063 2,812
Unutilized financing fees/ debt refinancing costs 32,574 22,539 4,367
Other adjustments (1,204) 3,563 (6,334)
Decrease (increase) in:      
Interest and rent receivables (21,116) (13,247) (5,599)
Other assets (4,452) (18,357) (8,297)
Accounts payable and accrued expenses 2,494 41,583 26,540
Deferred revenue (2,050) (8,872) 2,033
Net cash provided by operating activities 363,101 264,683 206,996
Investing activities      
Cash paid for acquisitions and other related investments (2,246,788) (1,682,409) (2,218,869)
Net proceeds from sale of real estate 64,362 198,767 19,175
Principal received on loans receivable 8,480 906,757 771,785
Investment in loans receivable (19,338) (109,027) (354,001)
Construction in progress and other (73,812) (171,209) (146,372)
Investment in unsecured senior notes   (50,000)  
Proceeds from sale of unsecured notes   50,000  
Other investments, net (94,970) (69,423) (17,339)
Net cash used for investing activities (2,362,066) (926,544) (1,945,621)
Financing activities      
Proceeds from term debt 2,355,280 1,000,000 681,000
Payments of term debt (1,038,221) (575,299) (283)
Payment of deferred financing costs (32,794) (15,468) (7,686)
Revolving credit facilities, net 550,415 (810,000) 509,415
Distributions paid (326,729) (218,393) (182,980)
Lease deposits and other obligations to tenants 27,525 14,557 (10,839)
Proceeds from sale of common shares, net of offering costs 547,785 1,173,651 817,389
Other financing activities (12,984) (16,485) (5,326)
Net cash provided by financing activities 2,070,277 552,563 1,800,690
Increase (decrease) in cash and cash equivalents for the year 71,312 (109,298) 62,065
Effect of exchange rate changes 16,920 (3,003) (11,065)
Cash and cash equivalents at beginning of year 83,240 195,541 144,541
Cash and cash equivalents at end of year 171,472 83,240 195,541
Interest paid, including capitalized interest of $840 in 2017, $2,320 in 2016, and $1,425 in 2015 149,798 138,770 107,228
Supplemental schedule of non-cash investing activities:      
(Decrease) increase in development project construction costs incurred, not paid (18,805) 15,857 2,684
Supplemental schedule of non-cash financing activities:      
Dividends declared, not paid 89,403 74,521 52,402
MPT Operating Partnership, L.P. [Member]      
Operating activities      
Net income 291,238 225,937 139,927
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 131,979 97,601 71,827
Amortization of deferred financing costs and debt discount 6,521 7,613 6,085
Direct financing lease interest accretion (9,933) (9,120) (8,032)
Straight-line rent revenue (70,808) (41,567) (26,187)
Share / (Unit)-based compensation expense 9,949 7,942 11,122
Gain from sale of real estate and other asset dispositions, net (7,431) (61,224) (3,268)
Impairment charges   7,229  
Straight-line rent and other write-off 5,340 3,063 2,812
Unutilized financing fees/ debt refinancing costs 32,574 22,539 4,367
Other adjustments (1,204) 3,563 (6,334)
Decrease (increase) in:      
Interest and rent receivables (21,116) (13,247) (5,599)
Other assets (4,452) (18,357) (8,297)
Accounts payable and accrued expenses 2,494 41,583 26,540
Deferred revenue (2,050) (8,872) 2,033
Net cash provided by operating activities 363,101 264,683 206,996
Investing activities      
Cash paid for acquisitions and other related investments (2,246,788) (1,682,409) (2,218,869)
Net proceeds from sale of real estate 64,362 198,767 19,175
Principal received on loans receivable 8,480 906,757 771,785
Investment in loans receivable (19,338) (109,027) (354,001)
Construction in progress and other (73,812) (171,209) (146,372)
Investment in unsecured senior notes   (50,000)  
Proceeds from sale of unsecured notes   50,000  
Other investments, net (94,970) (69,423) (17,339)
Net cash used for investing activities (2,362,066) (926,544) (1,945,621)
Financing activities      
Proceeds from term debt 2,355,280 1,000,000 681,000
Payments of term debt (1,038,221) (575,299) (283)
Payment of deferred financing costs (32,794) (15,468) (7,686)
Revolving credit facilities, net 550,415 (810,000) 509,415
Distributions paid (326,729) (218,393) (182,980)
Lease deposits and other obligations to tenants 27,525 14,557 (10,839)
Proceeds from sale of common shares, net of offering costs 547,785 1,173,651 817,389
Other financing activities (12,984) (16,485) (5,326)
Net cash provided by financing activities 2,070,277 552,563 1,800,690
Increase (decrease) in cash and cash equivalents for the year 71,312 (109,298) 62,065
Effect of exchange rate changes 16,920 (3,003) (11,065)
Cash and cash equivalents at beginning of year 83,240 195,541 144,541
Cash and cash equivalents at end of year 171,472 83,240 195,541
Interest paid, including capitalized interest of $840 in 2017, $2,320 in 2016, and $1,425 in 2015 149,798 138,770 107,228
Supplemental schedule of non-cash investing activities:      
(Decrease) increase in development project construction costs incurred, not paid (18,805) 15,857 2,684
Supplemental schedule of non-cash financing activities:      
Dividends declared, not paid $ 89,403 $ 74,521 $ 52,402