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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities      
Net income $ 293,884 $ 104,910 $ 383,367
Adjustment to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 281,279 287,591 267,062
Impairment on real estate properties 35,014 99,070 58,726
Impairment loss on direct financing leases 27,168 198,199  
Provision for uncollectible accounts 6,689 14,580 9,845
Interest - amortization of deferred financing costs and refinancing costs 8,960 19,711 11,458
Accretion of direct financing leases 109 (6,107) (12,157)
Stock-based compensation expense 15,987 15,212 13,790
Gain on assets sold - net (24,774) (53,912) (50,208)
Amortization of acquired in-place leases - net (10,707) (11,910) (13,991)
Effective yield receivable on mortgage notes (1,068) (1,924) (721)
Interest paid-in-kind (6,360)    
Change in operating assets and liabilities - net:      
Contractual receivables 2,368 (36,621) (4,876)
Straight-line rent receivables (61,559) (25,240) (42,091)
Lease inducements (32,738) (8,419) 2,589
Other operating assets and liabilities (34,879) (17,228) 1,980
Net cash provided by operating activities 499,373 577,912 624,773
Cash flows from investing activities      
Acquisition of real estate (105,119) (385,418) (959,748)
Net proceeds from sale of real estate investments 309,586 257,812 169,603
Cash acquired in acquisition   2,341  
Investments in construction in progress (139,441) (86,689) (68,983)
Investments in direct financing leases   (7,183) (2,080)
Proceeds from sale of direct financing lease 20,979 33,306  
Placement of mortgage loans (65,340) (34,643) (48,722)
Collection of mortgage principal 26,088 1,529 59,975
Investments in unconsolidated joint venture     (50,032)
Distributions from unconsolidated joint venture in excess of earnings 5,471 12,175 1,318
Capital improvements to real estate investments (29,824) (37,766) (40,471)
Receipts from insurance proceeds 8,717 2,754  
Investments in other investments (385,707) (139,047) (271,557)
Proceeds from other investments 181,371 95,696 96,789
Net cash used in investing activities (173,219) (285,133) (1,113,908)
Cash flows from financing activities      
Proceeds from credit facility borrowings 1,291,000 1,687,000 1,304,000
Payments on credit facility borrowings (1,268,000) (1,587,000) (1,344,000)
Receipts of other long-term borrowings   1,346,749 1,048,173
Payments of other long-term borrowings (2,049) (1,252,788) (181,249)
Payments of financing related costs (8) (29,198) (11,830)
Receipts from dividend reinvestment plan 46,801 36,722 240,041
Payments for exercised options and restricted stock (1,654) (2,143) (23,426)
Net proceeds from issuance of common stock 75,532 22,120 19,651
Dividends paid (528,696) (502,603) (453,152)
Redemption of Omega OP Units (134) (48) (733)
Distributions to Omega OP Unit Holders (23,493) (22,626) (21,179)
Net cash (used in) provided by financing activities (410,701) (303,815) 576,296
Effect of foreign currency translation on cash, cash equivalents and restricted cash (590) 568 84
(Decrease) increase in cash, cash equivalents and restricted cash (85,137) (10,468) 87,245
Cash, cash equivalents and restricted cash at beginning of year 96,808 107,276 20,031
Cash, cash equivalents and restricted cash at end of year 11,671 96,808 107,276
Omega OP      
Cash flows from operating activities      
Net income 293,884 104,910 383,367
Adjustment to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 281,279 287,591 267,062
Impairment on real estate properties 35,014 99,070 58,726
Impairment loss on direct financing leases 27,168 198,199  
Provision for uncollectible accounts 6,689 14,580 9,845
Interest - amortization of deferred financing costs and refinancing costs 8,960 19,711 11,458
Accretion of direct financing leases 109 (6,107) (12,157)
Stock-based compensation expense 15,987 15,212 13,790
Gain on assets sold - net (24,774) (53,912) (50,208)
Amortization of acquired in-place leases - net (10,707) (11,910) (13,991)
Effective yield receivable on mortgage notes (1,068) (1,924) (721)
Interest paid-in-kind (6,360)    
Change in operating assets and liabilities - net:      
Contractual receivables 2,368 (36,621) (4,876)
Straight-line rent receivables (61,559) (25,240) (42,091)
Lease inducements (32,738) (8,419) 2,589
Other operating assets and liabilities (34,879) (17,228) 1,980
Net cash provided by operating activities 499,373 577,912 624,773
Cash flows from investing activities      
Acquisition of real estate (105,119) (385,418) (959,748)
Net proceeds from sale of real estate investments 309,586 257,812 169,603
Cash acquired in acquisition   2,341  
Investments in construction in progress (139,441) (86,689) (68,983)
Investments in direct financing leases   (7,183) (2,080)
Proceeds from sale of direct financing lease 20,979 33,306  
Placement of mortgage loans (65,340) (34,643) (48,722)
Collection of mortgage principal 26,088 1,529 59,975
Investments in unconsolidated joint venture     (50,032)
Distributions from unconsolidated joint venture in excess of earnings 5,471 12,175 1,318
Capital improvements to real estate investments (29,824) (37,766) (40,471)
Receipts from insurance proceeds 8,717 2,754  
Investments in other investments (385,707) (139,047) (271,557)
Proceeds from other investments 181,371 95,696 96,789
Net cash used in investing activities (173,219) (285,133) (1,113,908)
Cash flows from financing activities      
Proceeds from intercompany loans payable from Omega 1,291,000 3,033,749 2,352,173
Repayment of intercompany loans payable to Omega (1,270,049) (2,839,788) (1,525,249)
Payment of financing related costs incurred by Omega (8) (29,198) (11,830)
Equity contributions from general partners 120,679 56,699 236,266
Distributions to general partners (528,696) (502,603) (453,152)
Distributions to limited partners (23,493) (22,626) (21,179)
Redemption of Omega OP Units (134) (48) (733)
Net cash (used in) provided by financing activities (410,701) (303,815) 576,296
Effect of foreign currency translation on cash, cash equivalents and restricted cash (590) 568 84
(Decrease) increase in cash, cash equivalents and restricted cash (85,137) (10,468) 87,245
Cash, cash equivalents and restricted cash at beginning of year 96,808 107,276 20,031
Cash, cash equivalents and restricted cash at end of year $ 11,671 $ 96,808 $ 107,276