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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operating activities    
Net income $ 278,701 $ 190,809
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 157,675 128,215
Amortization of deferred financing costs and debt discount 7,692 6,438
Straight-line rent revenue and other (131,291) (96,730)
Share / (Unit)-based compensation expense 25,035 22,228
Loss from sale of real estate 398 1,776
Impairment charges   19,006
Straight-line rent and other (recovery) write-off (5,251) 25,832
Debt refinancing and unutilized financing costs 2,339 611
Pre-acquisition rent collected - Circle Transaction   (35,020)
Tax rate and other changes 42,746 1,126
Other adjustments 10,276 9,307
Changes in:    
Interest and rent receivables (24,999) 186
Accounts payable and accrued expenses 19,320 12,216
Deferred revenue (17,383) 3,066
Net cash provided by operating activities 365,258 289,066
Investing activities    
Cash paid for acquisitions and other related investments (3,062,029) (2,226,302)
Net proceeds from sale of real estate 25,186 78,764
Principal received on loans receivable 1,206,699  
Return of equity investment 11,000 63,122
Capital additions and other investments, net (143,681) (95,864)
Net cash used for investing activities (1,962,825) (2,180,280)
Financing activities    
Proceeds from term debt, net of discount 1,839,735 915,950
Payments of term debt (689,450)  
Revolving credit facilities, net 42,323  
Dividends / Distribution paid (311,109) (279,741)
Lease deposits and other obligations to tenants 322 5,001
Proceeds from sale of common shares, net of offering costs 900,574 169,787
Payment of debt refinancing, deferred financing costs, and other financing activities (23,489) (7,005)
Net cash provided by financing activities 1,758,906 803,992
Increase (decrease) in cash, cash equivalents, and restricted cash for period 161,339 (1,087,222)
Effect of exchange rate changes 6,173 155
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 723,881 380,924
Interest paid 160,985 147,502
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 165,133 143,264
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 721,321 374,962
Restricted cash, included in Other assets at end of period $ 2,560 $ 5,962
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 $ 723,881 $ 380,924
MPT Operating Partnership, L.P. [Member]    
Operating activities    
Net income 278,701 190,809
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 157,675 128,215
Amortization of deferred financing costs and debt discount 7,692 6,438
Straight-line rent revenue and other (131,291) (96,730)
Share / (Unit)-based compensation expense 25,035 22,228
Loss from sale of real estate 398 1,776
Impairment charges   19,006
Straight-line rent and other (recovery) write-off (5,251) 25,832
Debt refinancing and unutilized financing costs 2,339 611
Pre-acquisition rent collected - Circle Transaction   (35,020)
Tax rate and other changes 42,746 1,126
Other adjustments 10,276 9,307
Changes in:    
Interest and rent receivables (24,999) 186
Accounts payable and accrued expenses 19,320 12,216
Deferred revenue (17,383) 3,066
Net cash provided by operating activities 365,258 289,066
Investing activities    
Cash paid for acquisitions and other related investments (3,062,029) (2,226,302)
Net proceeds from sale of real estate 25,186 78,764
Principal received on loans receivable 1,206,699  
Return of equity investment 11,000 63,122
Capital additions and other investments, net (143,681) (95,864)
Net cash used for investing activities (1,962,825) (2,180,280)
Financing activities    
Proceeds from term debt, net of discount 1,839,735 915,950
Payments of term debt (689,450)  
Revolving credit facilities, net 42,323  
Dividends / Distribution paid (311,109) (279,741)
Lease deposits and other obligations to tenants 322 5,001
Proceeds from sale of units, net of offering costs 900,574 169,787
Payment of debt refinancing, deferred financing costs, and other financing activities (23,489) (7,005)
Net cash provided by financing activities 1,758,906 803,992
Increase (decrease) in cash, cash equivalents, and restricted cash for period 161,339 (1,087,222)
Effect of exchange rate changes 6,173 155
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 723,881 380,924
Interest paid 160,985 147,502
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 165,133 143,264
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 721,321 374,962
Restricted cash, included in Other assets at end of period $ 2,560 $ 5,962
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 $ 723,881 $ 380,924