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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net income $ 19,273 $ 33,545
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 59,387 48,167
Amortization of intangibles 43,179 45,840
Amortization of deferred financing costs 5,732 4,825
Amortization of mortgage discounts and premiums, net 13 232
Amortization of below-market lease liabilities (2,509) (2,900)
Amortization of above-market lease assets 2,512 3,286
Amortization of operating lease right-of-use assets 631 636
Amortization of lease incentive 226 0
Bad debt expense 0 0
Unbilled straight-line rent (6,434) (5,063)
Equity-based compensation 7,480 7,039
Unrealized loss (gain) on foreign currency transactions, derivatives, and other 2,304 (1,673)
Unrealized loss on undesignated foreign currency advances and other hedge ineffectiveness 0 76
Payments for settlement of derivatives 0 (1,773)
Loss on extinguishment of debt 0 1,328
Loss (gain) on disposition of real estate investments 153 (14,792)
Lease incentive payment (4,676) 0
Impairment charges 0 6,375
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets (1,232) (16,232)
Deferred tax assets (31) 39
Accounts payable and accrued expenses 6,018 (12,373)
Prepaid rent 5,177 4,116
Deferred tax liability 171 (624)
Taxes payable (1,046) (2,225)
Net cash provided by operating activities 136,328 97,849
Cash flows from investing activities:    
Investment in real estate and real estate related assets (170,810) (309,003)
Deposits for future real estate acquisitions (4,012) (1,051)
Capital expenditures (3,576) (13,686)
Proceeds from dispositions of real estate investments 0 141,538
Net cash used in investing activities (178,398) (182,202)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 227,000 240,264
Repayments on revolving credit facilities (161,343) (499,649)
Proceeds from mortgage notes payable 163,607 579,369
Payments on mortgage notes payable (27,003) (307,813)
Loss on extinguishment of debt (309) (426)
Common Stock issuance (costs) proceeds, net   258,604
Payments of financing costs (4,530) (19,000)
Dividends paid on Common Stock (119,215) (103,141)
Distributions to non-controlling interest holders (337) (405)
Net cash provided by financing activities 69,449 296,073
Net change in cash, cash equivalents and restricted cash 27,379 211,720
Effect of exchange rate changes on cash (858) (5,501)
Cash, cash equivalents and restricted cash, beginning of period 274,287 103,693
Cash, cash equivalents and restricted cash, end of period 300,808 309,912
Cash, cash equivalents and restricted cash, end of period 300,808 309,912
Common Stock    
Cash flows from financing activities:    
Stock issuance (costs), net (58)  
Series A Preferred Stock    
Cash flows from financing activities:    
Stock issuance (costs), net (75)  
Preferred stock issuance (costs) proceeds, net   31,652
Dividends paid on Preferred Stock (9,243) (7,646)
Series B Preferred Stock    
Cash flows from financing activities:    
Preferred stock issuance (costs) proceeds, net 4,496 124,264
Dividends paid on Preferred Stock $ (3,541) $ 0