Supplemental Disclosures of Cash Flow Information (Tables)

12 Months Ended

Dec. 31, 2023

Supplemental Cash Flow Information [Abstract]

Schedule of Supplemental Cash Flow Information

The following table summarizes our supplemental cash flow information during the periods indicated below (in thousands):

	Years ended December 31,
	2023		2022		2021
Supplemental disclosures:
Cash paid for interest	$	692,004	$	501,716	$	355,483
Cash paid for income taxes	$	12,283	$	45,031	$	19,676
Cash paid for merger and integration-related costs	$	11,329	$	22,783	$	157,115
Non-cash activities:
Net (decrease) increase in fair value of derivatives	$	(116,145)	$	58,753	$	40,489
Increase in noncontrolling interests from property acquisitions	$	39,156	$	—	$	—
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.

Schedule of Reconciliation of Cash, Cash Equivalents and Restricted Cash

The following table provides a reconciliation of cash and cash equivalents reported on our consolidated balance sheets to the total of the cash, cash equivalents, and restricted cash reported within our consolidated statements of cash flows (in thousands):

	December 31, 2023		December 31, 2022
Cash and cash equivalents shown in the consolidated balance sheets	$	232,923	$	171,102
Restricted escrow deposits (1)	6,247		37,627
Impounds related to mortgages payable (1)	53,005		18,152
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	292,175	$	226,881

(1) Included within 'other assets, net' on our consolidated balance sheets (see note 3, 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.