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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
OPERATING ACTIVITIES    
Net income $ 88,058 $ 11,975
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 142,331 131,725
Other amortization 3,409 2,279
Share-based compensation 7,449 10,141
Amortization of straight-line rent receivable (lessor) (2,722) (1,833)
Amortization of straight-line rent on operating leases (lessee) 1,122 1,159
Gain on sales of real estate assets (70,395) (5,065)
Impairment of real estate assets   5,610
Loss from unconsolidated joint ventures 194 16
Distributions from unconsolidated joint ventures 193 277
Proceeds from disposition of sales-type lease properties 244,454 0
Changes in operating assets and liabilities:    
Other assets, including right-of-use-assets (965) (6,740)
Accounts payable and accrued liabilities 5,098 3,220
Other liabilities (6,662) 5,709
Net cash provided by operating activities 411,564 158,473
INVESTING ACTIVITIES    
Acquisitions of real estate (199,162) (271,575)
Development of real estate (2,941) (19,152)
Additional long-lived assets (62,707) (45,902)
Proceeds from sales of real estate assets 4,905 14,151
Net cash used in investing activities (259,905) (322,478)
FINANCING ACTIVITIES    
Net (repayments) borrowings on unsecured credit facility (293,000) 60,000
Borrowings on term loan 150,000 50,000
Borrowings of notes and bonds payable 298,995  
Repayments on notes and bonds payable (32,704) (12,663)
Dividends paid (121,741) (115,237)
Net proceeds from issuance of common stock 40,296 192,514
Common stock redemptions (892) (2,343)
Settlement of treasury rate locks (4,267)  
Debt issuance and assumption costs (3,057) (4,589)
Payments made on finance leases (3,310) (249)
Net cash provided by financing activities 30,320 167,433
Increase in cash, cash equivalents and restricted cash 181,979 3,428
Cash and cash equivalents at beginning of period 657 8,381
Cash, cash equivalents and restricted cash at end of period 182,636 11,809
Supplemental Cash Flow Information    
Interest paid 39,165 37,946
Invoices accrued for construction, tenant improvements and other capitalized costs 12,709 10,702
Mortgage notes payable assumed upon acquisition (adjusted to fair value) 19,269  
Capitalized interest $ 913 $ 999