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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities    
Net income $ 109,511 $ 95,948
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization expense 49,582 49,643
Tenant improvement reimbursement amortization, net of lease incentive amortization (392) (663)
Gain on sale of real estate facility (19,621)  
Stock compensation expense 1,873 1,889
Amortization of financing costs 273 272
Other, net 1,095 (5,920)
Total adjustments 32,810 45,221
Net cash provided by operating activities 142,321 141,169
Cash flows from investing activities    
Capital expenditures to real estate facilities (16,038) (17,503)
Capital expenditures to land and building held for development (4,995) (993)
Acquisition of real estate facility (13,423) (13,736)
Proceeds from sale of real estate facility 29,266  
Net cash used in investing activities (5,190) (32,232)
Cash flows from financing activities    
Payment of financing costs (176) (157)
Proceeds from the exercise of stock options 259 709
Cash paid for taxes in lieu of shares upon vesting of restricted stock units (3,660) (5,500)
Cash paid to restricted stock unit holders (329) (480)
Distributions paid to preferred shareholders (24,093) (25,918)
Distributions paid to common shareholders (57,673) (57,538)
Distributions paid to noncontrolling interests - common units (15,341) (15,341)
Distributions paid to noncontrolling interests - joint venture (63) (45)
Net cash used in financing activities (101,076) (104,270)
Net increase in cash and cash equivalents 36,055 4,667
Cash, cash equivalents and restricted cash at the beginning of the period 63,874 38,467
Cash, cash equivalents and restricted cash at the end of the period $ 99,929 43,134
Adjustment to noncontrolling interests- common units in the OP    
Noncontrolling interests- common units   (1,028)
Paid-in capital   $ 1,028