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COMBINED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net income $ 36,819 $ 48,762
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 34,450 59,374
Amortization of market lease intangibles 8 8
Amortization of right of use assets 67 42
Amortization of deferred financing costs 2,591  
Stock based compensation expense 1,733  
Straight-line rents 146 25
Settlement of Tranche A deferred rent obligation   91,605
Gain on sales of real estate (3,283) (6,460)
Deferred income tax expense   12,428
Changes in:    
Other assets 435 344
Tenant security deposits and deferred revenue (97) (61)
Accrued interest 15,234  
Accounts payable and accrued liabilities 695 (822)
Income taxes payable (16,544)  
Net cash provided by operating activities 72,254 205,245
Cash flows from investing activities:    
Acquisitions of real estate   (106,588)
Leasing costs and tenant and capital improvements (66)  
Net proceeds from sales of real estate 19,287 62,258
Decrease in restricted cash   14,526
Net cash provided by (used in) investing activities 19,221 (29,804)
Cash flows from financing activities:    
Repayments of debt (2,500)  
Distributions paid (75)  
Net distributions to parent   (177,921)
Net cash used in financing activities (2,575) (177,921)
Net increase (decrease) in cash and cash equivalents 88,900 (2,480)
Cash and cash equivalents, beginning of period 126,185 6,058
Cash and cash equivalents, end of period 215,085 3,578
Supplemental cash flow information:    
Income taxes paid 16,714 $ 187
Interest paid 16,277  
Supplemental disclosure of non-cash investing activities:    
Accrued distributions 63  
Accrued deferred financing costs $ 34