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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities      
Net income $ 351,947 $ 293,884 $ 104,910
Adjustment to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 301,683 281,279 287,591
Impairment on real estate properties 48,939 35,014 99,070
Impairment on direct financing leases 7,917 27,168 198,199
Provision for uncollectible accounts   6,689 14,580
Provision for rental income 11,120    
Interest - amortization of deferred financing costs and refinancing costs 9,564 8,960 19,711
Accretion of direct financing leases 13 109 (6,107)
Stock-based compensation expense 15,359 15,987 15,212
Gain on assets sold - net (55,696) (24,774) (53,912)
Amortization of acquired in-place leases - net (5,904) (10,707) (11,910)
Effective yield receivable on mortgage notes (173) (1,068) (1,924)
Interest paid-in-kind (7,160) (6,360)  
Loss from unconsolidated joint venture 22    
Change in operating assets and liabilities - net:      
Contractual receivables (5,931) 2,368 (36,621)
Straight-line rent receivables (46,580) (61,559) (25,240)
Lease inducements (42,071) (32,738) (8,419)
Other operating assets and liabilities (29,302) (34,879) (17,228)
Net cash provided by operating activities 553,747 499,373 577,912
Cash flows from investing activities      
Acquisition of a business, net of cash acquired (59,616)    
Acquisition of real estate (377,841) (105,119) (385,418)
Net proceeds from sale of real estate investments 219,262 309,586 257,812
Cash acquired in acquisition     2,341
Investments in construction in progress (139,678) (139,441) (86,689)
Investments in direct financing leases     (7,183)
Proceeds from sale of direct financing lease and related trust 93,730 20,979 33,306
Placement of mortgage loans (20,702) (65,340) (34,643)
Collection of mortgage principal 54,529 26,088 1,529
Investments in unconsolidated joint ventures (103,963)    
Distributions from unconsolidated joint ventures in excess of earnings 9,079 5,471 12,175
Capital improvements to real estate investments (52,892) (29,824) (37,766)
Receipts from insurance proceeds 8,170 8,717 2,754
Investments in other investments (100,312) (385,707) (139,047)
Proceeds from other investments 91,281 181,371 95,696
Net cash used in investing activities (378,953) (173,219) (285,133)
Cash flows from financing activities      
Proceeds from credit facility borrowings 1,507,000 1,291,000 1,687,000
Payments on credit facility borrowings (1,980,100) (1,268,000) (1,587,000)
Noncontrolling members' contributions to consolidated joint venture 228    
Receipts of other long-term borrowings 494,985   1,346,749
Payments of other long-term borrowings (101,222) (2,049) (1,252,788)
Payments of financing related costs (4,787) (8) (29,198)
Receipts from dividend reinvestment plan 115,051 46,801 36,722
Payments for exercised options and restricted stock (4,556) (1,654) (2,143)
Net proceeds from issuance of common stock 404,863 75,532 22,120
Dividends paid (564,127) (528,696) (502,603)
Redemption of Omega OP Units   (134) (48)
Distributions to Omega OP Unit Holders (21,294) (23,493) (22,626)
Net cash used in financing activities (153,959) (410,701) (303,815)
Effect of foreign currency translation on cash, cash equivalents and restricted cash 874 (590) 568
Increase (decrease) in cash, cash equivalents and restricted cash 21,709 (85,137) (10,468)
Cash, cash equivalents and restricted cash at beginning of year 11,671 96,808 107,276
Cash, cash equivalents and restricted cash at end of year 33,380 11,671 96,808
Omega OP      
Cash flows from operating activities      
Net income 351,947 293,884 104,910
Adjustment to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 301,683 281,279 287,591
Impairment on real estate properties 48,939 35,014 99,070
Impairment on direct financing leases 7,917 27,168 198,199
Provision for uncollectible accounts   6,689 14,580
Provision for rental income 11,120    
Interest - amortization of deferred financing costs and refinancing costs 9,564 8,960 19,711
Accretion of direct financing leases 13 109 (6,107)
Stock-based compensation expense 15,359 15,987 15,212
Gain on assets sold - net (55,696) (24,774) (53,912)
Amortization of acquired in-place leases - net (5,904) (10,707) (11,910)
Effective yield receivable on mortgage notes (173) (1,068) (1,924)
Interest paid-in-kind (7,160) (6,360)  
Loss from unconsolidated joint venture 22    
Change in operating assets and liabilities - net:      
Contractual receivables (5,931) 2,368 (36,621)
Straight-line rent receivables (46,580) (61,559) (25,240)
Lease inducements (42,071) (32,738) (8,419)
Other operating assets and liabilities (29,302) (34,879) (17,228)
Net cash provided by operating activities 553,747 499,373 577,912
Cash flows from investing activities      
Acquisition of a business, net of cash acquired (59,616)    
Acquisition of real estate (377,841) (105,119) (385,418)
Net proceeds from sale of real estate investments 219,262 309,586 257,812
Cash acquired in acquisition     2,341
Investments in construction in progress (139,678) (139,441) (86,689)
Investments in direct financing leases     (7,183)
Proceeds from sale of direct financing lease and related trust 93,730 20,979 33,306
Placement of mortgage loans (20,702) (65,340) (34,643)
Collection of mortgage principal 54,529 26,088 1,529
Investments in unconsolidated joint ventures (103,963)    
Distributions from unconsolidated joint ventures in excess of earnings 9,079 5,471 12,175
Capital improvements to real estate investments (52,892) (29,824) (37,766)
Receipts from insurance proceeds 8,170 8,717 2,754
Investments in other investments (100,312) (385,707) (139,047)
Proceeds from other investments 91,281 181,371 95,696
Net cash used in investing activities (378,953) (173,219) (285,133)
Cash flows from financing activities      
Proceeds from secured borrowing 2,275    
Repayments of secured borrowings (1,222)    
Repayment of term loan (25,000)    
Proceeds from intercompany loans payable from Omega 1,999,710 1,291,000 3,033,749
Repayment of intercompany loans payable to Omega (2,055,100) (1,270,049) (2,839,788)
Payment of financing related costs incurred by Omega (4,787) (8) (29,198)
Noncontrolling members' contributions to consolidated joint venture 228    
Equity contributions from general partners 515,358 120,679 56,699
Distributions to general partners (564,127) (528,696) (502,603)
Distributions to limited partners (21,294) (23,493) (22,626)
Redemption of Omega OP Units   (134) (48)
Net cash used in financing activities (153,959) (410,701) (303,815)
Effect of foreign currency translation on cash, cash equivalents and restricted cash 874 (590) 568
Increase (decrease) in cash, cash equivalents and restricted cash 21,709 (85,137) (10,468)
Cash, cash equivalents and restricted cash at beginning of year 11,671 96,808 107,276
Cash, cash equivalents and restricted cash at end of year $ 33,380 $ 11,671 $ 96,808