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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities    
Net income $ 450,096 $ 322,166
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 246,117 200,807
Amortization of deferred financing costs and debt discount 12,079 9,773
Straight-line rent revenue and other (208,756) (161,163)
Share / (Unit)-based compensation expense 38,590 34,600
(Gain) loss from sale of real estate (8,896) 2,703
Impairment charges   19,006
Straight-line rent and other (recovery) write-off (1,601) 27,098
Debt refinancing and unutilized financing costs 2,339 611
Pre-acquisition rent collected - Circle Transaction   (35,020)
Tax rate and other changes 42,746 9,661
Other adjustments 15,468 (6,418)
Changes in:    
Interest and rent receivables (19,150) (6,189)
Other assets 516 12,117
Accounts payable and accrued expenses 25,527 (21,139)
Deferred revenue (17,588) 33,605
Net cash provided by operating activities 577,487 442,218
Investing activities    
Cash paid for acquisitions and other related investments (4,279,147) (3,524,910)
Net proceeds from sale of real estate 66,891 93,042
Principal received on loans receivable 1,234,839 738,036
Return of equity investment 11,000 63,122
Capital additions and other investments, net (253,512) (116,297)
Net cash used for investing activities (3,219,929) (2,747,007)
Financing activities    
Proceeds from term debt, net of discount 2,489,735 915,950
Payments of term debt (689,450)  
Revolving credit facilities, net 80,963 225,000
Dividends / Distribution paid (476,242) (423,005)
Lease deposits and other obligations to tenants 14,819 7,584
Proceeds from sale of common shares, net of offering costs 1,041,054 294,374
Payment of debt refinancing, deferred financing costs, and other financing activities (24,245) (2,143)
Net cash provided by financing activities 2,436,634 1,017,760
Decrease in cash, cash equivalents, and restricted cash for period (205,808) (1,287,029)
Effect of exchange rate changes 1,748 9,116
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 352,309 190,078
Interest paid 256,724 231,257
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 167,231 144,954
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] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of period $ 556,369 $ 1,467,991
Cash and cash equivalents at end of period 349,652 183,794
Restricted cash, included in Other assets at end of period $ 2,657 $ 6,284
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of period $ 352,309 $ 190,078
MPT Operating Partnership, L.P. [Member]    
Operating activities    
Net income 450,096 322,166
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 246,117 200,807
Amortization of deferred financing costs and debt discount 12,079 9,773
Straight-line rent revenue and other (208,756) (161,163)
Share / (Unit)-based compensation expense 38,590 34,600
(Gain) loss from sale of real estate (8,896) 2,703
Impairment charges   19,006
Straight-line rent and other (recovery) write-off (1,601) 27,098
Debt refinancing and unutilized financing costs 2,339 611
Pre-acquisition rent collected - Circle Transaction   (35,020)
Tax rate and other changes 42,746 9,661
Other adjustments 15,468 (6,418)
Changes in:    
Interest and rent receivables (19,150) (6,189)
Other assets 516 12,117
Accounts payable and accrued expenses 25,527 (21,139)
Deferred revenue (17,588) 33,605
Net cash provided by operating activities 577,487 442,218
Investing activities    
Cash paid for acquisitions and other related investments (4,279,147) (3,524,910)
Net proceeds from sale of real estate 66,891 93,042
Principal received on loans receivable 1,234,839 738,036
Return of equity investment 11,000 63,122
Capital additions and other investments, net (253,512) (116,297)
Net cash used for investing activities (3,219,929) (2,747,007)
Financing activities    
Proceeds from term debt, net of discount 2,489,735 915,950
Payments of term debt (689,450)  
Revolving credit facilities, net 80,963 225,000
Dividends / Distribution paid (476,242) (423,005)
Lease deposits and other obligations to tenants 14,819 7,584
Proceeds from sale of units, net of offering costs 1,041,054 294,374
Payment of debt refinancing, deferred financing costs, and other financing activities (24,245) (2,143)
Net cash provided by financing activities 2,436,634 1,017,760
Decrease in cash, cash equivalents, and restricted cash for period (205,808) (1,287,029)
Effect of exchange rate changes 1,748 9,116
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 352,309 190,078
Interest paid 256,724 231,257
Supplemental schedule of non-cash financing activities:    
Dividend / Distributions declared, unpaid 167,231 144,954
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] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of period $ 556,369 $ 1,467,991
Cash and cash equivalents at end of period 349,652 183,794
Restricted cash, included in Other assets at end of period $ 2,657 $ 6,284
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of period $ 352,309 $ 190,078