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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Operating activities    
Net income $ 163,880 $ 81,157
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,606 63,833
Amortization of deferred financing costs and debt discount 3,817 3,210
Straight-line rent revenue and other (65,333) (47,846)
Share / (Unit)-based compensation expense 12,264 10,036
Gain from sale of real estate (989) (1,325)
Impairment charges   19,006
Straight-line rent and other (recovery) write-off (5,238) 7,717
Debt refinancing and unutilized financing costs 2,269 611
Pre-acquisition rent collected - Circle Transaction   (35,020)
Other adjustments (3,575) (421)
Changes in:    
Interest and rent receivables 13,396 2,137
Accounts payable and accrued expenses 5,062 (4,221)
Deferred revenue (15,429) 8,040
Net cash provided by operating activities 188,730 106,914
Investing activities    
Cash paid for acquisitions and other related investments (1,778,417) (1,973,661)
Net proceeds from sale of real estate 10,905 9,597
Principal received on loans receivable 40,937  
Investment in loans receivable (23,935) (2,307)
Return of equity investment 11,000 63,122
Capital additions and other investments, net (42,050) 8,460
Net cash used for investing activities (1,781,560) (1,894,789)
Financing activities    
Proceeds from term debt, net of discount 1,839,735 915,950
Payments of term debt (689,450)  
Revolving credit facilities, net 8,910  
Dividends / Distribution paid (147,666) (138,074)
Lease deposits and other obligations to tenants 12,900 2,348
Proceeds from sale of common shares, net of offering costs 779,241 61,682
Payment of debt refinancing, deferred financing costs, and other financing activities (18,479) (6,687)
Net cash provided by financing activities 1,785,191 835,219
Increase (decrease) in cash, cash equivalents, and restricted cash for period 192,361 (952,656)
Effect of exchange rate changes 4,356 (9,157)
Cash, cash equivalents, and restricted cash at beginning of period 556,369 1,467,991
Cash, cash equivalents, and restricted cash at end of period 753,086 506,178
Interest paid 82,471 80,721
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 163,443 141,667
Cash, cash equivalents, and restricted cash are comprised of the following:    
Cash and cash equivalents at beginning of period 549,884 1,462,286
Restricted cash, included in Other assets at beginning of period $ 6,485 $ 5,705
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 $ 556,369 $ 1,467,991
Cash and cash equivalents at end of period 746,753 500,213
Restricted cash, included in Other assets at end of period $ 6,333 $ 5,965
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 $ 753,086 $ 506,178
MPT Operating Partnership, L.P. [Member]    
Operating activities    
Net income 163,880 81,157
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 78,606 63,833
Amortization of deferred financing costs and debt discount 3,817 3,210
Straight-line rent revenue and other (65,333) (47,846)
Share / (Unit)-based compensation expense 12,264 10,036
Gain from sale of real estate (989) (1,325)
Impairment charges   19,006
Straight-line rent and other (recovery) write-off (5,238) 7,717
Debt refinancing and unutilized financing costs 2,269 611
Pre-acquisition rent collected - Circle Transaction   (35,020)
Other adjustments (3,575) (421)
Changes in:    
Interest and rent receivables 13,396 2,137
Accounts payable and accrued expenses 5,062 (4,221)
Deferred revenue (15,429) 8,040
Net cash provided by operating activities 188,730 106,914
Investing activities    
Cash paid for acquisitions and other related investments (1,778,417) (1,973,661)
Net proceeds from sale of real estate 10,905 9,597
Principal received on loans receivable 40,937  
Investment in loans receivable (23,935) (2,307)
Return of equity investment 11,000 63,122
Capital additions and other investments, net (42,050) 8,460
Net cash used for investing activities (1,781,560) (1,894,789)
Financing activities    
Proceeds from term debt, net of discount 1,839,735 915,950
Payments of term debt (689,450)  
Revolving credit facilities, net 8,910  
Dividends / Distribution paid (147,666) (138,074)
Lease deposits and other obligations to tenants 12,900 2,348
Proceeds from sale of units, net of offering costs 779,241 61,682
Payment of debt refinancing, deferred financing costs, and other financing activities (18,479) (6,687)
Net cash provided by financing activities 1,785,191 835,219
Increase (decrease) in cash, cash equivalents, and restricted cash for period 192,361 (952,656)
Effect of exchange rate changes 4,356 (9,157)
Cash, cash equivalents, and restricted cash at beginning of period 556,369 1,467,991
Cash, cash equivalents, and restricted cash at end of period 753,086 506,178
Interest paid 82,471 80,721
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 163,443 141,667
Cash, cash equivalents, and restricted cash are comprised of the following:    
Cash and cash equivalents at beginning of period 549,884 1,462,286
Restricted cash, included in Other assets at beginning of period $ 6,485 $ 5,705
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 $ 556,369 $ 1,467,991
Cash and cash equivalents at end of period 746,753 500,213
Restricted cash, included in Other assets at end of period $ 6,333 $ 5,965
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 $ 753,086 $ 506,178