Supplemental Disclosures of Cash Flow Information

6 Months Ended

Jun. 30, 2021

Supplemental Cash Flow Information [Abstract]

Supplemental Disclosures of Cash Flow Information

Cash paid for interest was $139.4 million in the six months ended June 30, 2021 and $149.4 million in the six months ended June 30, 2020.

Cash paid for income taxes was $9.7 million in the six months ended June 30, 2021 and $5.3 million in the six months ended June 30, 2020.

Cash paid for merger-related costs was $4.4 million in the six months ended June 30, 2021. There were no merger-related costs in the six months ended June 30, 2020.

The following non-cash activities are included in the accompanying consolidated financial statements:

A. During the six months ended June 30, 2021 and 2020, the fair value of net derivative liabilities decreased by $60.4 million and $28.6 million, respectively.

B. During the six months ended June 30, 2021, we assumed a Sterling-denominated mortgage on one property totaling £31.0 million.

C. Non-refundable deposits from 2019 of $13.8 million were applied to acquisitions during the six months ended June 30, 2020.

Per the requirements of ASU 2016-18 (Topic 230, Statement of Cash Flows), the following table provides a reconciliation of cash and cash equivalents reported within the consolidated balance sheets to the total of the cash, cash equivalents and restricted cash reported within the consolidated statements of cash flows (dollars in thousands):


	June 30, 2021		June 30, 2020
Cash and cash equivalents shown in the consolidated balance sheets	$	231,164	$	35,345
Restricted escrow deposits (1)	34,636		81,683
Impounds related to mortgages payable (1)	1,185		13,290
Total cash, cash equivalents, and restricted cash shown in the consolidated statements of cash flows	$	266,985	$	130,318

(1) Included within other assets, net on the consolidated balance sheets (see note 4). These amounts consist of cash that we are legally entitled to, but that is not immediately available to us. As a result, these amounts were considered restricted as of the dates presented.