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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 656,940 $ 432,272 $ 376,401
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 333,781 275,953 156,575
Amortization of deferred financing costs and debt discount 16,856 13,099 8,881
Straight-line rent revenue and other (288,717) (226,906) (138,806)
Share / (Unit)-based compensation expense 52,110 47,154 32,188
(Gain) loss from sale of real estate (52,471) 2,833 (41,560)
Impairment charges   19,006 21,031
Straight-line rent and other (recovery) write-off (2,271) 26,415 22,447
Debt refinancing and unutilized financing costs 27,650 28,180 6,106
Tax rate and other changes 42,746 9,295  
Pre-acquisition rent collected - Circle Transaction   (35,020)  
Other adjustments 11,913 8,134 (2,271)
Changes in:      
Interest and rent receivables (23,867) (2,438) 12,906
Other assets (4,375) 18,264 (4,992)
Accounts payable and accrued expenses 54,058 (18,424) 39,630
Deferred revenue (12,697) 19,819 5,581
Net cash provided by operating activities 811,656 617,636 494,117
Investing activities      
Cash paid for acquisitions and other related investments (5,350,239) (4,249,180) (4,565,594)
Net proceeds from sale of real estate 246,468 94,177 111,766
Principal received on loans receivable 1,595,708 1,306,187 920
Investment in loans receivable (58,932) (62,651) (54,088)
Construction in progress and other (67,725) (68,350) (83,798)
Proceeds from sale and return of equity investment 65,546 69,224  
Capital additions and other investments, net (289,239) (36,180) (293,163)
Net cash used for investing activities (3,858,413) (2,946,773) (4,883,957)
Financing activities      
Proceeds from term debt, net of discount 3,407,535 2,215,950 3,048,424
Payments of term debt (1,390,994) (800,000)  
Revolving credit facilities, net 559,985 162,633 (65,736)
Dividends / Distribution paid (643,473) (567,969) (411,697)
Lease deposits and other obligations to tenants 17,815 21,706 (12,260)
Proceeds from sale of common shares, net of offering costs 1,051,229 411,101 2,533,210
Payment of debt refinancing, deferred financing costs and other financing activities (54,489) (42,347) (50,057)
Net cash provided by financing activities 2,947,608 1,401,074 5,041,884
(Decrease) increase in cash, cash equivalents, and restricted cash for the year (99,149) (928,063) 652,044
Effect of exchange rate changes 4,662 16,441 (6,478)
Cash, cash equivalents, and restricted cash at beginning of year 556,369 1,467,991 822,425
Cash, cash equivalents, and restricted cash at end of year 461,882 556,369 1,467,991
Interest paid, including capitalized interest of $3,289 in 2021, $3,030 in 2020, and $3,936 in 2019 326,406 309,920 211,163
Supplemental schedule of non-cash financing activities:      
Dividends declared, unpaid 176,494 147,666 138,161
Cash, cash equivalents, and restricted cash are comprised of the following:      
Cash and cash equivalents at beginning of period 549,884 1,462,286 820,868
Restricted cash, included in Other assets at beginning of period $ 6,485 $ 5,705 $ 1,557
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of year $ 556,369 $ 1,467,991 $ 822,425
Cash and cash equivalents at end of period 459,227 549,884 1,462,286
Restricted cash, included in Other assets at end of period $ 2,655 $ 6,485 $ 5,705
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of year $ 461,882 $ 556,369 $ 1,467,991
MPT Operating Partnership, L.P. [Member]      
Operating activities      
Net income 656,940 432,272 376,401
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 333,781 275,953 156,575
Amortization of deferred financing costs and debt discount 16,856 13,099 8,881
Straight-line rent revenue and other (288,717) (226,906) (138,806)
Share / (Unit)-based compensation expense 52,110 47,154 32,188
(Gain) loss from sale of real estate (52,471) 2,833 (41,560)
Impairment charges   19,006 21,031
Straight-line rent and other (recovery) write-off (2,271) 26,415 22,447
Debt refinancing and unutilized financing costs 27,650 28,180 6,106
Tax rate and other changes 42,746 9,295  
Pre-acquisition rent collected - Circle Transaction   (35,020)  
Other adjustments 11,913 8,134 (2,271)
Changes in:      
Interest and rent receivables (23,867) (2,438) 12,906
Other assets (4,375) 18,264 (4,992)
Accounts payable and accrued expenses 54,058 (18,424) 39,630
Deferred revenue (12,697) 19,819 5,581
Net cash provided by operating activities 811,656 617,636 494,117
Investing activities      
Cash paid for acquisitions and other related investments (5,350,239) (4,249,180) (4,565,594)
Net proceeds from sale of real estate 246,468 94,177 111,766
Principal received on loans receivable 1,595,708 1,306,187 920
Investment in loans receivable (58,932) (62,651) (54,088)
Construction in progress and other (67,725) (68,350) (83,798)
Proceeds from sale and return of equity investment 65,546 69,224  
Capital additions and other investments, net (289,239) (36,180) (293,163)
Net cash used for investing activities (3,858,413) (2,946,773) (4,883,957)
Financing activities      
Proceeds from term debt, net of discount 3,407,535 2,215,950 3,048,424
Payments of term debt (1,390,994) (800,000)  
Revolving credit facilities, net 559,985 162,633 (65,736)
Dividends / Distribution paid (643,473) (567,969) (411,697)
Lease deposits and other obligations to tenants 17,815 21,706 (12,260)
Proceeds from sale of units, net of offering costs 1,051,229 411,101 2,533,210
Payment of debt refinancing, deferred financing costs and other financing activities (54,489) (42,347) (50,057)
Net cash provided by financing activities 2,947,608 1,401,074 5,041,884
(Decrease) increase in cash, cash equivalents, and restricted cash for the year (99,149) (928,063) 652,044
Effect of exchange rate changes 4,662 16,441 (6,478)
Cash, cash equivalents, and restricted cash at beginning of year 556,369 1,467,991 822,425
Cash, cash equivalents, and restricted cash at end of year 461,882 556,369 1,467,991
Interest paid, including capitalized interest of $3,289 in 2021, $3,030 in 2020, and $3,936 in 2019 326,406 309,920 211,163
Supplemental schedule of non-cash financing activities:      
Dividends declared, unpaid 176,494 147,666 138,161
Cash, cash equivalents, and restricted cash are comprised of the following:      
Cash and cash equivalents at beginning of period 549,884 1,462,286 820,868
Restricted cash, included in Other assets at beginning of period $ 6,485 $ 5,705 $ 1,557
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at beginning of year $ 556,369 $ 1,467,991 $ 822,425
Cash and cash equivalents at end of period 459,227 549,884 1,462,286
Restricted cash, included in Other assets at end of period $ 2,655 $ 6,485 $ 5,705
Restricted Cash and Cash Equivalents, Asset, Statement of Financial Position [Extensible List] Other Assets Other Assets Other Assets
Cash, cash equivalents, and restricted cash at end of year $ 461,882 $ 556,369 $ 1,467,991