XML 44 R23.htm IDEA: XBRL DOCUMENT v3.22.4
Supplemental Disclosures of Cash Flow Information
 12 Months Ended
Dec. 31, 2022
Supplemental Cash Flow Information [Abstract]  
Supplemental Disclosures of Cash Flow Information Supplemental Disclosures of Cash Flow Information
The following table summarizes our supplemental cash flow information during the periods indicated below (dollars in thousands):
Years ended December 31,
202220212020
Supplemental disclosures:
Cash paid for interest$501,716 $355,483 $285,617 
Cash paid for income taxes$45,031 $19,676 $13,128 
Cash paid for merger and integration-related costs$22,783 $157,115 $— 
Non-cash activities:
Net increase (decrease) in fair value of derivatives$58,753 $40,489 $(55,205)
Mortgages assumed at fair value (1)
$45,079 $911,525 $— 
Notes payable assumed at fair value$— $4,946,965 $— 
Issuance of common partnership units of Realty Income, L.P. (2)
$51,221 $38,783 $— 
Non-cash assets and liabilities assumed in merger$— $11,559,875 $— 
Non-cash assets and liabilities distributed in Orion Divestiture$— $1,142,121 $— 
(1) For the year ended December 31, 2021, includes £31.0 million sterling, converted at the applicable exchange rate on the date of transaction, for one mortgage and $869.1 million, estimated at fair value, for ten mortgages from our merger with VEREIT.
(2) For the year ended December 31, 2022, includes 734,458 common partnership units of Realty Income L.P. that were issued in connection with the acquisition of nine properties. For the year ended December 31, 2021, includes $1.8 million for the issuance of 56,400 units on November 1, 2021 that were a result of our merger with VEREIT, $20.4 million for the issuance of 300,604 units on November 30, 2021 that were a partial consideration for an acquisition of properties, and $16.6 million for the issuance of 240,586 units on December 30, 2021 that were issued to a new partner in connection with an industrial property contribution.
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):
December 31, 2022December 31, 2021
Cash and cash equivalents shown in the consolidated balance sheets
$171,102 $258,579 
Restricted escrow deposits (1)
37,627 68,541 
Impounds related to mortgages payable (1)
18,152 5,249 
Total cash, cash equivalents, and restricted cash shown in the consolidated
statements of cash flows
$226,881 $332,369 
(1)  Included within other assets, net on the consolidated balance sheets (see note 4, Supplemental Detail for Certain Components of Consolidated Balance Sheets). 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.