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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flow from Operating Activities:      
Net Income Attributable to the Company $ 29,940 $ 78,509 $ 114,973
Adjustments to Reconcile Net Income Attributable to the Company to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 20,581 19,063 15,797
Amortization of Intangible Liabilities to Income Property Revenue (404) (1,754) (2,383)
Amortization of Deferred Financing Costs to Interest Expense 586 454 444
Amortization of Discount on Convertible Debt 1,278 1,379 1,357
Gain on Disposition of Real Estate and Intangible Lease Assets and Liabilities (28,316) (7,509) (3,296)
Gain on Disposition of Assets Held for Sale   (2,590) (18,697)
Gain on Sale of Equity Interest in Joint Ventures     (127,518)
Loss on Disposition of Commercial Loan and Master Lease Investments   353  
Loss (Gain) on Extinguishment of Debt 3,431 (1,141)  
Impairment Charges 17,599 9,147  
Accretion of Commercial Loan and Master Lease Investment Origination Fees (2) (161) (135)
Non-Cash Imputed Interest (438) (428) (218)
Deferred Income Taxes (3,038) (90,532) 35,100
Unrealized (Gain) Loss on Investment Securities (10,340) 8,240 (61)
Non-Cash Compensation 3,168 2,786 2,688
Decrease (Increase) in Assets:      
Refundable Income Taxes (416) (26) 225
Assets Held for Sale 833   3,893
Land and Development Costs 6,391 (493) (1,107)
Mitigation Credits and Mitigation Credit Rights (15,750) 3,323 (1,861)
Other Assets (3,191) (1,802) (3,479)
Increase (Decrease) in Liabilities:      
Accounts Payable (370) (340) 349
Accrued and Other Liabilities 5,680 3,402 490
Deferred Revenue 1,186 (2,511) (540)
Liabilities Held for Sale (831)   (49)
Income Taxes Payable   (439) 439
Net Cash Provided By Operating Activities 27,577 16,930 16,411
Cash Flow from Investing Activities:      
Acquisition of Real Estate and Intangible Lease Assets and Liabilities (256,381) (167,811) (150,705)
Acquisition of Commercial Loan Investments and Master Lease Investments (364) (28,235) (34,296)
Acquisition of Mitigation Credits   (3,621)  
Restricted Cash Balance Received in Acquisition of Interest in Joint Venture 596    
Cash Received from (Contribution to) Joint Ventures 23,864 (41) (84)
Proceeds from Disposition of Property, Plant, and Equipment, Net, and Assets Held for Sale 129,461 85,621 207,552
Proceeds from Sale of Equity Interests in Joint Ventures     96,132
Principal Payments Received on Commercial Loan and Master Lease Investments   22,965  
Acquisition of Investment Securities (143)   (15,500)
Net Cash Provided By (Used In) Investing Activities (102,967) (91,122) 103,099
Cash Flow from Financing Activities:      
Proceeds from Long-Term Debt 314,500 66,640 141,500
Payments on Long-Term Debt (283,519) (72,269) (103,073)
Cash Paid for Loan Fees (1,587) (2,187) (635)
Payments for Exercise of Stock Options and Common Stock Issuance (162)    
Proceeds from Issuance of Preferred Stock, Net of Underwriting Discount and Expenses 72,430    
Cash Used to Purchase Common Stock (2,210) (4,100) (41,096)
Cash Paid for Vesting of Restricted Stock (436) (502) (303)
Cash Paid for Equity Issuance Costs (197)    
Dividends Paid - Preferred Stock (2,325)    
Dividends Paid - Common Stock (23,580) (14,470) (2,198)
Net Cash Provided By (Used In) Financing Activities 72,914 (26,888) (5,805)
Net Increase (Decrease) in Cash and Cash Equivalents (2,476) (101,080) 113,705
Cash and Cash Equivalents, Beginning of Period 33,825 134,905 21,200
Cash and Cash Equivalents, End of Period 31,349 33,825 134,905
Reconciliation of Cash to the Consolidated Balance Sheets:      
Cash and Cash Equivalents 8,615 4,289 6,475
Restricted Cash 22,734 29,536 128,430
Total Cash $ 31,349 $ 33,825 $ 134,905