Supplemental Disclosures of Cash Flow Information

3 Months Ended

Mar. 31, 2020

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosures of Cash Flow Information

Cash paid for interest was $84.1 million in the first three months of 2020 and $82.2 million in the first three months of 2019.

Cash paid for income taxes was $2.5 million in the first three months of 2020 and $1.7 million in the first three months of 2019.

The following non-cash activities are included in the accompanying consolidated financial statements:

A. As a result of the adoption of Accounting Standards Update, or ASU, 2016-02 in 2019, we recorded $132.0 million of lease liabilities and related right of use assets as lessee under operating leases on January 1, 2019.

B. During the first three months of 2019, we issued 89,322 common partnership units of Realty Income, L.P. as partial consideration for an acquisition of properties, totaling $6.3 million.

C. During the first three months of 2020, the fair value of net derivative liabilities decreased by $16.4 million.

D. Non-refundable deposits from 2019 of $14.8 million were applied to acquisitions during the first three months of 2020.

Per the requirements of ASU 2016-18 (Topic 230, Statement of Cash Flows), the following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets to the total of the cash, cash equivalents and restricted cash reported within the consolidated statements of cash flows (dollars in thousands):



	March 31, 2020		March 31, 2019
Cash and cash equivalents shown in the consolidated balance sheets	$	41,804	$	2,997
Restricted escrow deposits ⁽¹⁾	82,391		9,081
Impounds related to mortgages payable ⁽¹⁾	12,962		10,256
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	137,157	$	22,334

⁽¹⁾Included within other assets, net on the consolidated balance sheets (see note 3). These amounts consist of cash that we are legally entitled to, but that is not immediately available to us. As a result, these amounts were considered restricted as of the dates presented.