Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Equity [Abstract]

Summary of Stockholders' Equity Capital Accounts

The following is a summary of our preferred stock activity during the periods indicated: 

	Three Months Ended
	March 31, 2020		March 31, 2019
		Weighted Avg.			Weighted Avg.
	Shares	Dividend Rate	Shares		Dividend Rate
Beginning balance	—	—%	14,369,965		6.50%
Shares converted	—	—%	(14,369,965	)	6.50%
Ending balance	—	—%	—		—%

The following is a summary of our stockholders’ equity capital accounts as of the dates indicated: 

	March 31, 2020	December 31, 2019
Preferred Stock:
Authorized shares	50,000,000	50,000,000
Issued shares	—	—
Outstanding shares	—	—
Common Stock, $1.00 par value:
Authorized shares	700,000,000	700,000,000
Issued shares	418,781,215	411,550,857
Outstanding shares	417,390,540	410,256,615

 

The following is a summary of our common stock issuances during the three months ended March 31, 2020 and 2019 (dollars in thousands, except shares and average price amounts): 

	Shares Issued	Average Price		Gross Proceeds		Net Proceeds
2019 Dividend reinvestment plan issuances	4,148,667	$	75.04	$	311,301	$	307,821
2019 Option exercises	2,505	53.89		135		135
2019 Equity shelf program issuances	3,060,865	74.22		227,180		225,587
2019 Preferred stock conversions	12,712,452			—		—
2019 Stock incentive plans, net of forfeitures	140,940			—		—
2019 Totals	20,065,429			$	538,616	$	533,543
2020 Dividend reinvestment plan issuances	175,129	$	84.54	$	14,805	$	14,805
2020 Equity shelf program issuances	6,799,978	86.48		588,072		576,196
2020 Stock incentive plans, net of forfeitures	158,818			—		—
2020 Totals	7,133,925			$	602,877	$	591,001

Summary of Dividend Payments

The following is a summary of our dividend payments (in thousands, except per share amounts): 

	Three Months Ended
	March 31, 2020				March 31, 2019
	Per Share		Amount		Per Share		Amount
Common stock	$	0.8700	$	356,001	$	0.8700	$	344,760

Summary of Accumulated Other Comprehensive Income (Loss)

The following is a summary of accumulated other comprehensive income (loss) for the periods presented (in thousands):

	March 31, 2020			December 31, 2019
Foreign currency translation	$	(962,982	)	$	(719,814	)
Derivative and financial instruments designated as hedges	866,769			607,657
Total accumulated other comprehensive loss	$	(96,213	)	$	(112,157	)