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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 81,157 $ 76,291
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63,833 34,675
Amortization of deferred financing costs and debt discount 3,210 1,827
Straight-line rent revenue and other (47,846) (26,296)
Share / (Unit)-based compensation expense 10,036 6,715
Gain from sale of real estate and other (1,325)  
Impairment charges 19,006  
Straight-line rent and other write-off, net of tax 7,717 2,596
Unutilized financing costs 611  
Other adjustments (27,401) 2,249
Changes in:    
Interest and rent receivables 2,137 (1,193)
Accounts payable and accrued expenses (4,221) (9,940)
Net cash provided by operating activities 106,914 86,924
Investing activities    
Cash paid for acquisitions and other related investments (1,973,661) (6,492)
Net proceeds from sale of real estate 9,597  
Principal received on loans receivable   420
Investment in loans receivable (2,307) (1,185)
Other investments, net 71,582 (160,736)
Net cash used for investing activities (1,894,789) (167,993)
Financing activities    
Proceeds from term debt 915,950  
Revolving credit facilities, net   9,097
Dividends / Distribution paid (138,074) (95,419)
Lease deposits and other obligations to tenants 2,348 3,677
Proceeds from sale of common shares, net of offering costs 61,682 354,030
Payment of deferred financing costs and other financing activities (6,687) (677)
Net cash provided by financing activities 835,219 270,708
(Decrease) increase in cash, cash equivalents, and restricted cash for period (952,656) 189,639
Effect of exchange rate changes (9,157) (11,450)
Cash, cash equivalents, and restricted cash at beginning of period 1,467,991 822,425
Cash, cash equivalents, and restricted cash at end of period 506,178 1,000,614
Interest paid 80,721 51,296
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 141,667 97,163
Cash, cash equivalents, and restricted cash are comprised of the following:    
Cash and cash equivalents at beginning of period 1,462,286 820,868
Restricted cash, included in Other assets at beginning of period $ 5,705 $ 1,557
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssets us-gaap:OtherAssets
Cash, cash equivalents, and restricted cash at beginning of period $ 1,467,991 $ 822,425
Cash and cash equivalents at end of period 500,213 995,548
Restricted cash, included in Other assets at end of period $ 5,965 $ 5,066
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssets us-gaap:OtherAssets
Cash, cash equivalents, and restricted cash at end of period $ 506,178 $ 1,000,614
MPT Operating Partnership, L.P. [Member]    
Operating activities    
Net income 81,157 76,291
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 63,833 34,675
Amortization of deferred financing costs and debt discount 3,210 1,827
Straight-line rent revenue and other (47,846) (26,296)
Share / (Unit)-based compensation expense 10,036 6,715
Gain from sale of real estate and other (1,325)  
Impairment charges 19,006  
Straight-line rent and other write-off, net of tax 7,717 2,596
Unutilized financing costs 611  
Other adjustments (27,401) 2,249
Changes in:    
Interest and rent receivables 2,137 (1,193)
Accounts payable and accrued expenses (4,221) (9,940)
Net cash provided by operating activities 106,914 86,924
Investing activities    
Cash paid for acquisitions and other related investments (1,973,661) (6,492)
Net proceeds from sale of real estate 9,597  
Principal received on loans receivable   420
Investment in loans receivable (2,307) (1,185)
Other investments, net 71,582 (160,736)
Net cash used for investing activities (1,894,789) (167,993)
Financing activities    
Proceeds from term debt 915,950  
Revolving credit facilities, net   9,097
Dividends / Distribution paid (138,074) (95,419)
Lease deposits and other obligations to tenants 2,348 3,677
Proceeds from sale of units, net of offering costs 61,682 354,030
Payment of deferred financing costs and other financing activities (6,687) (677)
Net cash provided by financing activities 835,219 270,708
(Decrease) increase in cash, cash equivalents, and restricted cash for period (952,656) 189,639
Effect of exchange rate changes (9,157) (11,450)
Cash, cash equivalents, and restricted cash at beginning of period 1,467,991 822,425
Cash, cash equivalents, and restricted cash at end of period 506,178 1,000,614
Interest paid 80,721 51,296
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 141,667 97,163
Cash, cash equivalents, and restricted cash are comprised of the following:    
Cash and cash equivalents at beginning of period 1,462,286 820,868
Restricted cash, included in Other assets at beginning of period $ 5,705 $ 1,557
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssets us-gaap:OtherAssets
Cash, cash equivalents, and restricted cash at beginning of period $ 1,467,991 $ 822,425
Cash and cash equivalents at end of period 500,213 995,548
Restricted cash, included in Other assets at end of period $ 5,965 $ 5,066
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] us-gaap:OtherAssets us-gaap:OtherAssets
Cash, cash equivalents, and restricted cash at end of period $ 506,178 $ 1,000,614