XML 23 R9.htm IDEA: XBRL DOCUMENT v2.4.1.9
Condensed Consolidated and Combined Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Cash flows from operating activities:    
Net income (loss) $ 2,038us-gaap_NetIncomeLoss $ (400)us-gaap_NetIncomeLoss
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,599us-gaap_DepreciationAndAmortization 6,199us-gaap_DepreciationAndAmortization
Amortization of deferred financing costs and debt discount 547us-gaap_AmortizationOfFinancingCostsAndDiscounts 205us-gaap_AmortizationOfFinancingCostsAndDiscounts
Amortization of stock-based compensation 366us-gaap_AllocatedShareBasedCompensationExpense  
Non-cash interest income adjustments (223)us-gaap_InterestIncomeOperating  
Change in operating assets and liabilities:    
Accounts receivable (42)us-gaap_IncreaseDecreaseInAccountsReceivable 6us-gaap_IncreaseDecreaseInAccountsReceivable
Accounts receivable due from related party 322us-gaap_IncreaseDecreaseInAccountsReceivableRelatedParties  
Prepaid expenses and other assets 50us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets (180)us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
Accounts payable and accrued liabilities 2,398us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities (1,513)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
Net cash provided by operating activities 11,055us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations 4,317us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
Cash flows from investing activities:    
Acquisition of real estate (17,499)us-gaap_PaymentsToAcquireRealEstate  
Improvements to real estate (74)us-gaap_PaymentsToDevelopRealEstateAssets  
Purchases of equipment, furniture and fixtures (63)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment (12,675)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment
Escrow deposit for acquisition of real estate (500)us-gaap_PaymentsForDepositsOnRealEstateAcquisitions  
Net cash used in investing activities (18,136)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations (12,675)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
Cash flows from financing activities:    
Payments on the mortgage notes payable (685)us-gaap_ProceedsFromRepaymentsOfNotesPayable (1,849)us-gaap_ProceedsFromRepaymentsOfNotesPayable
Payments of deferred financing costs (14)us-gaap_PaymentsOfFinancingCosts  
Dividends paid on common stock (3,946)us-gaap_PaymentsOfDividendsCommonStock  
Net contribution from Ensign (Note 6)   10,239ctre_ProceedsFromPaymentsForContributionsFromDistributionToParent
Net cash (used in) provided by financing activities (4,645)us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations 8,390us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
Net (decrease) increase in cash and cash equivalents (11,726)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease 32us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease
Cash and cash equivalents beginning of period 25,320us-gaap_CashAndCashEquivalentsAtCarryingValue 895us-gaap_CashAndCashEquivalentsAtCarryingValue
Cash and cash equivalents end of period 13,594us-gaap_CashAndCashEquivalentsAtCarryingValue 927us-gaap_CashAndCashEquivalentsAtCarryingValue
Supplemental disclosures of cash flow information:    
Interest paid 1,537us-gaap_InterestPaidNet 3,333us-gaap_InterestPaidNet
Supplemental schedule of noncash operating, investing and financing activities::    
Increase in dividends payable 1,104ctre_IncreaseDecreaseInDividendsPayable  
Application of escrow deposit to acquisition of real estate $ 500us-gaap_EscrowDepositDisbursementsRelatedToPropertyAcquisition1