Supplemental Disclosures of Cash Flow Information

6 Months Ended

Jun. 30, 2020

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosures of Cash Flow Information

Cash paid for interest was $149.4 million in the first six months of 2020 and $134.9 million in the first six months of 2019.

Cash paid for income taxes was $5.3 million in the first six months of 2020 and $3.1 million in the first six months of 2019.

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

A. During the first six months of 2020, the fair value of net derivative liabilities decreased by $28.6 million.

B. Non-refundable deposits from 2019 of $13.8 million were applied to acquisitions during the first six months of 2020.

C. 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.

D. During the first six 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.

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):


	June 30, 2020		June 30, 2019
Cash and cash equivalents shown in the consolidated balance sheets	$	35,345	$	27,136
Restricted escrow deposits ⁽¹⁾	81,683		1,323
Impounds related to mortgages payable ⁽¹⁾	13,290		11,433
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	130,318	$	39,892

⁽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.