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Condensed Consolidating Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2015
Condensed Consolidating Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet As of September 30, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Rental properties, net | $ | — |  |  | $ | 2,394,449 |  |  | $ | 544,430 |  |  | $ | — |  |  | $ | 2,938,879 |
Land held for development | — |  |  | 2,274 |  |  | 28,227 |  |  | — |  |  | 30,501 |
Property under development | 5 |  |  | 166,431 |  |  | 208,097 |  |  | — |  |  | 374,533 |
Mortgage notes and related accrued interest receivable | — |  |  | 435,024 |  |  | 20,306 |  |  | — |  |  | 455,330 |
Investment in a direct financing lease, net | — |  |  | 190,029 |  |  | — |  |  | — |  |  | 190,029 |
Investment in joint ventures | — |  |  | — |  |  | 6,439 |  |  | — |  |  | 6,439 |
Cash and cash equivalents | 11,378 |  |  | 719 |  |  | 2,517 |  |  | — |  |  | 14,614 |
Restricted cash | 1,277 |  |  | 18,752 |  |  | 1,920 |  |  | — |  |  | 21,949 |
Deferred financing costs, net | 23,986 |  |  | — |  |  | 275 |  |  | — |  |  | 24,261 |
Accounts receivable, net | 183 |  |  | 44,347 |  |  | 11,476 |  |  | — |  |  | 56,006 |
Intercompany notes receivable | — |  |  | 175,757 |  |  | — |  |  | (175,757 | ) |  | — |
Investments in subsidiaries | 3,718,967 |  |  | — |  |  | — |  |  | (3,718,967 | ) |  | — |
Other assets | 18,988 |  |  | 11,303 |  |  | 58,273 |  |  | — |  |  | 88,564 |
Total assets | $ | 3,774,784 |  |  | $ | 3,439,085 |  |  | $ | 881,960 |  |  | $ | (3,894,724 | ) |  | $ | 4,201,105 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 41,243 |  |  | $ | 52,579 |  |  | $ | 4,914 |  |  | $ | — |  |  | $ | 98,736 |
Dividends payable | 23,847 |  |  | — |  |  | — |  |  | — |  |  | 23,847 |
Unearned rents and interest | — |  |  | 44,077 |  |  | 7,919 |  |  | — |  |  | 51,996 |
Intercompany notes payable | — |  |  | — |  |  | 175,757 |  |  | (175,757 | ) |  | — |
Debt | 1,721,000 |  |  | — |  |  | 316,455 |  |  | — |  |  | 2,037,455 |
Total liabilities | 1,786,090 |  |  | 96,656 |  |  | 505,045 |  |  | (175,757 | ) |  | 2,212,034 |
EPR Properties shareholders’ equity | 1,988,694 |  |  | 3,342,429 |  |  | 376,538 |  |  | (3,718,967 | ) |  | 1,988,694 |
Noncontrolling interests | — |  |  | — |  |  | 377 |  |  | — |  |  | 377 |
Total equity | $ | 1,988,694 |  |  | $ | 3,342,429 |  |  | $ | 376,915 |  |  | $ | (3,718,967 | ) |  | $ | 1,989,071 |
Total liabilities and equity | $ | 3,774,784 |  |  | $ | 3,439,085 |  |  | $ | 881,960 |  |  | $ | (3,894,724 | ) |  | $ | 4,201,105 |
Condensed Consolidating Balance Sheet As of December 31, 2014
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Rental properties, net | $ | — |  |  | $ | 1,872,053 |  |  | $ | 579,481 |  |  | $ | — |  |  | $ | 2,451,534 |
Land held for development | — |  |  | — |  |  | 206,001 |  |  | — |  |  | 206,001 |
Property under development | — |  |  | 175,439 |  |  | 6,359 |  |  | — |  |  | 181,798 |
Mortgage notes and related accrued interest receivable | — |  |  | 412,625 |  |  | 95,330 |  |  | — |  |  | 507,955 |
Investment in a direct financing lease, net | — |  |  | 199,332 |  |  | — |  |  | — |  |  | 199,332 |
Investment in joint ventures | — |  |  | — |  |  | 5,738 |  |  | — |  |  | 5,738 |
Cash and cash equivalents | (1,234 | ) |  | 1,487 |  |  | 3,083 |  |  | — |  |  | 3,336 |
Restricted cash | 1,000 |  |  | 10,466 |  |  | 1,606 |  |  | — |  |  | 13,072 |
Deferred financing costs, net | 15,224 |  |  | 4,199 |  |  | 486 |  |  | — |  |  | 19,909 |
Accounts receivable, net | 90 |  |  | 34,414 |  |  | 12,778 |  |  | — |  |  | 47,282 |
Intercompany notes receivable | — |  |  | — |  |  | 175,757 |  |  | (175,757 | ) |  | — |
Investments in subsidiaries | 3,115,572 |  |  | — |  |  | — |  |  | (3,115,572 | ) |  | — |
Other assets | 21,272 |  |  | 9,151 |  |  | 35,668 |  |  | — |  |  | 66,091 |
Total assets | $ | 3,151,924 |  |  | $ | 2,719,166 |  |  | $ | 1,122,287 |  |  | $ | (3,291,329 | ) |  | $ | 3,702,048 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 42,829 |  |  | $ | 32,613 |  |  | $ | 6,738 |  |  | $ | — |  |  | $ | 82,180 |
Dividends payable | 22,233 |  |  | — |  |  | — |  |  | — |  |  | 22,233 |
Unearned rents and interest | 750 |  |  | 20,295 |  |  | 4,578 |  |  | — |  |  | 25,623 |
Intercompany notes payable | — |  |  | — |  |  | 175,757 |  |  | (175,757 | ) |  | — |
Debt | 1,160,000 |  |  | 160,310 |  |  | 325,213 |  |  | — |  |  | 1,645,523 |
Total liabilities | 1,225,812 |  |  | 213,218 |  |  | 512,286 |  |  | (175,757 | ) |  | 1,775,559 |
EPR Properties shareholders’ equity | 1,926,112 |  |  | 2,505,948 |  |  | 609,624 |  |  | (3,115,572 | ) |  | 1,926,112 |
Noncontrolling interests | — |  |  | — |  |  | 377 |  |  | — |  |  | 377 |
Total equity | $ | 1,926,112 |  |  | $ | 2,505,948 |  |  | $ | 610,001 |  |  | $ | (3,115,572 | ) |  | $ | 1,926,489 |
Total liabilities and equity | $ | 3,151,924 |  |  | $ | 2,719,166 |  |  | $ | 1,122,287 |  |  | $ | (3,291,329 | ) |  | $ | 3,702,048 |
Condensed Consolidating Statement Of Income |
Condensed Consolidating Statement of Income Three Months Ended September 30, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantors Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 67,640 |  |  | $ | 18,066 |  |  | $ | — |  |  | $ | 85,706 |
Tenant reimbursements | — |  |  | 1,254 |  |  | 2,464 |  |  | — |  |  | 3,718 |
Other income | — |  |  | 1 |  |  | 717 |  |  | — |  |  | 718 |
Mortgage and other financing income | 212 |  |  | 16,558 |  |  | 1,423 |  |  | — |  |  | 18,193 |
Intercompany fee income | 665 |  |  | — |  |  | — |  |  | (665 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 2,390 |  |  | — |  |  | (2,390 | ) |  | — |
Total revenue | 877 |  |  | 87,843 |  |  | 22,670 |  |  | (3,055 | ) |  | 108,335 |
Equity in subsidiaries’ earnings | 71,740 |  |  | — |  |  | — |  |  | (71,740 | ) |  | — |
Property operating expense | — |  |  | 2,694 |  |  | 2,802 |  |  | — |  |  | 5,496 |
Intercompany fee expense | — |  |  | — |  |  | 665 |  |  | (665 | ) |  | — |
Other expense | — |  |  | — |  |  | 221 |  |  | — |  |  | 221 |
General and administrative expense | — |  |  | 5,910 |  |  | 1,572 |  |  | — |  |  | 7,482 |
Costs associated with loan refinancing or payoff | — |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Interest expense, net | 20,843 |  |  | (2,227 | ) |  | 1,913 |  |  | — |  |  | 20,529 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 2,390 |  |  | (2,390 | ) |  | — |
Transaction costs | 746 |  |  | — |  |  | 37 |  |  | — |  |  | 783 |
Depreciation and amortization | 422 |  |  | 19,151 |  |  | 3,925 |  |  | — |  |  | 23,498 |
Income before equity in income from joint ventures and other items | 50,606 |  |  | 62,297 |  |  | 9,145 |  |  | (71,740 | ) |  | 50,308 |
Equity in income from joint ventures | — |  |  | — |  |  | 339 |  |  | — |  |  | 339 |
Loss on sale of real estate | — |  |  | (95 | ) |  | — |  |  | — |  |  | (95 | )
Income before income taxes | 50,606 |  |  | 62,202 |  |  | 9,484 |  |  | (71,740 | ) |  | 50,552 |
Income tax expense | 411 |  |  | — |  |  | 87 |  |  | — |  |  | 498 |
Income from continuing operations | 50,195 |  |  | 62,202 |  |  | 9,397 |  |  | (71,740 | ) |  | 50,054 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations | — |  |  | 141 |  |  | — |  |  | — |  |  | 141 |
Net income attributable to EPR Properties | 50,195 |  |  | 62,343 |  |  | 9,397 |  |  | (71,740 | ) |  | 50,195 |
Preferred dividend requirements | (5,951 | ) |  | — |  |  | — |  |  | — |  |  | (5,951 | )
Net income available to common shareholders of EPR Properties | $ | 44,244 |  |  | $ | 62,343 |  |  | $ | 9,397 |  |  | $ | (71,740 | ) |  | $ | 44,244 |
Comprehensive income attributable to EPR Properties | $ | 47,315 |  |  | $ | 62,340 |  |  | $ | 9,299 |  |  | $ | (71,639 | ) |  | $ | 47,315 |
Condensed Consolidating Statement of Income Three Months Ended September 30, 2014
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 54,798 |  |  | $ | 19,612 |  |  | $ | — |  |  | $ | 74,410 |
Tenant reimbursements | — |  |  | 1,405 |  |  | 3,081 |  |  | — |  |  | 4,486 |
Other income | — |  |  | — |  |  | 345 |  |  | — |  |  | 345 |
Mortgage and other financing income | 187 |  |  | 17,539 |  |  | 1,771 |  |  | — |  |  | 19,497 |
Intercompany fee income | 788 |  |  | — |  |  | — |  |  | (788 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | — |  |  | 5,961 |  |  | (5,961 | ) |  | — |
Total revenue | 975 |  |  | 73,742 |  |  | 30,770 |  |  | (6,749 | ) |  | 98,738 |
Equity in subsidiaries’ earnings | 58,203 |  |  | — |  |  | — |  |  | (58,203 | ) |  | — |
Property operating expense | — |  |  | 2,618 |  |  | 3,330 |  |  | — |  |  | 5,948 |
Intercompany fee expense | — |  |  | — |  |  | 788 |  |  | (788 | ) |  | — |
Other expense | — |  |  | — |  |  | 248 |  |  | — |  |  | 248 |
General and administrative expense | — |  |  | 4,726 |  |  | 1,993 |  |  | — |  |  | 6,719 |
Interest expense, net | 15,787 |  |  | 838 |  |  | 4,176 |  |  | — |  |  | 20,801 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 5,961 |  |  | (5,961 | ) |  | — |
Transaction costs | 292 |  |  | — |  |  | 77 |  |  | — |  |  | 369 |
Provision for loan loss | — |  |  | — |  |  | 3,777 |  |  | — |  |  | 3,777 |
Depreciation and amortization | 274 |  |  | 12,541 |  |  | 4,606 |  |  | — |  |  | 17,421 |
Income before equity in income from joint ventures and other items | 42,825 |  |  | 53,019 |  |  | 5,814 |  |  | (58,203 | ) |  | 43,455 |
Equity in income from joint ventures | — |  |  | — |  |  | 300 |  |  | — |  |  | 300 |
Income before income taxes | 42,825 |  |  | 53,019 |  |  | 6,114 |  |  | (58,203 | ) |  | 43,755 |
Income tax expense | 120 |  |  | — |  |  | 927 |  |  | — |  |  | 1,047 |
Income from continuing operations | 42,705 |  |  | 53,019 |  |  | 5,187 |  |  | (58,203 | ) |  | 42,708 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Loss from discontinued operations | — |  |  | (3 | ) |  | — |  |  | — |  |  | (3 | )
Net income attributable to EPR Properties | 42,705 |  |  | 53,016 |  |  | 5,187 |  |  | (58,203 | ) |  | 42,705 |
Preferred dividend requirements | (5,952 | ) |  | — |  |  | — |  |  | — |  |  | (5,952 | )
Net income available to common shareholders of EPR Properties | $ | 36,753 |  |  | $ | 53,016 |  |  | $ | 5,187 |  |  | $ | (58,203 | ) |  | $ | 36,753 |
Comprehensive income attributable to EPR Properties | $ | 42,036 |  |  | $ | 53,016 |  |  | $ | 3,336 |  |  | $ | (56,352 | ) |  | $ | 42,036 |
Condensed Consolidating Statement of Income Nine Months Ended September 30, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantors Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 184,790 |  |  | $ | 55,516 |  |  | $ | — |  |  | $ | 240,306 |
Tenant reimbursements | — |  |  | 3,928 |  |  | 8,058 |  |  | — |  |  | 11,986 |
Other income | — |  |  | 3 |  |  | 2,413 |  |  | — |  |  | 2,416 |
Mortgage and other financing income | 636 |  |  | 46,862 |  |  | 6,823 |  |  | — |  |  | 54,321 |
Intercompany fee income | 2,062 |  |  | — |  |  | — |  |  | (2,062 | ) |  | — |
Interest income on intercompany notes receivable | 111 |  |  | 7,339 |  |  | — |  |  | (7,450 | ) |  | — |
Total revenue | 2,809 |  |  | 242,922 |  |  | 72,810 |  |  | (9,512 | ) |  | 309,029 |
Equity in subsidiaries’ earnings | 224,052 |  |  | — |  |  | — |  |  | (224,052 | ) |  | — |
Property operating expense | — |  |  | 8,612 |  |  | 9,011 |  |  | — |  |  | 17,623 |
Intercompany fee expense | — |  |  | — |  |  | 2,062 |  |  | (2,062 | ) |  | — |
Other expense | — |  |  | — |  |  | 533 |  |  | — |  |  | 533 |
General and administrative expense | — |  |  | 17,554 |  |  | 5,366 |  |  | — |  |  | 22,920 |
Retirement severance expense | 18,578 |  |  | — |  |  | — |  |  | — |  |  | 18,578 |
Costs associated with loan refinancing or payoff | 243 |  |  | 18 |  |  | — |  |  | — |  |  | 261 |
Interest expense, net | 57,027 |  |  | (3,608 | ) |  | 5,704 |  |  | — |  |  | 59,123 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 7,450 |  |  | (7,450 | ) |  | — |
Transaction costs | 6,482 |  |  | — |  |  | 336 |  |  | — |  |  | 6,818 |
Depreciation and amortization | 1,200 |  |  | 51,544 |  |  | 11,958 |  |  | — |  |  | 64,702 |
Income before equity in income from joint ventures and other items | 143,331 |  |  | 168,802 |  |  | 30,390 |  |  | (224,052 | ) |  | 118,471 |
Equity in income from joint ventures | — |  |  | — |  |  | 701 |  |  | — |  |  | 701 |
Gain on sale of real estate | — |  |  | 23,653 |  |  | 176 |  |  | — |  |  | 23,829 |
Income before income taxes | 143,331 |  |  | 192,455 |  |  | 31,267 |  |  | (224,052 | ) |  | 143,001 |
Income tax expense (benefit) | 1,549 |  |  | — |  |  | (131 | ) |  | — |  |  | 1,418 |
Income from continuing operations | 141,782 |  |  | 192,455 |  |  | 31,398 |  |  | (224,052 | ) |  | 141,583 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations | — |  |  | 199 |  |  | — |  |  | — |  |  | 199 |
Net income attributable to EPR Properties | 141,782 |  |  | 192,654 |  |  | 31,398 |  |  | (224,052 | ) |  | 141,782 |
Preferred dividend requirements | (17,855 | ) |  | — |  |  | — |  |  | — |  |  | (17,855 | )
Net income available to common shareholders of EPR Properties | $ | 123,927 |  |  | $ | 192,654 |  |  | $ | 31,398 |  |  | $ | (224,052 | ) |  | $ | 123,927 |
Comprehensive income attributable to EPR Properties | $ | 134,626 |  |  | $ | 192,603 |  |  | $ | 27,973 |  |  | $ | (220,576 | ) |  | $ | 134,626 |
Condensed Consolidating Statement of Income Nine Months Ended September 30, 2014
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantors Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 155,279 |  |  | $ | 55,480 |  |  | $ | — |  |  | $ | 210,759 |
Tenant reimbursements | — |  |  | 3,958 |  |  | 9,397 |  |  | — |  |  | 13,355 |
Other income | — |  |  | 1 |  |  | 705 |  |  | — |  |  | 706 |
Mortgage and other financing income | 562 |  |  | 50,622 |  |  | 4,377 |  |  | — |  |  | 55,561 |
Intercompany fee income | 2,366 |  |  | — |  |  | — |  |  | (2,366 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | — |  |  | 19,067 |  |  | (19,067 | ) |  | — |
Total revenue | 2,928 |  |  | 209,860 |  |  | 89,026 |  |  | (21,433 | ) |  | 280,381 |
Equity in subsidiaries’ earnings | 172,970 |  |  | — |  |  | — |  |  | (172,970 | ) |  | — |
Property operating expense | (1 | ) |  | 7,701 |  |  | 10,236 |  |  | — |  |  | 17,936 |
Intercompany fee expense | — |  |  | — |  |  | 2,366 |  |  | (2,366 | ) |  | — |
Other expense | — |  |  | — |  |  | 566 |  |  | — |  |  | 566 |
General and administrative expense | — |  |  | 14,842 |  |  | 6,418 |  |  | — |  |  | 21,260 |
Interest expense, net | 47,222 |  |  | 2,686 |  |  | 11,346 |  |  | — |  |  | 61,254 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 19,067 |  |  | (19,067 | ) |  | — |
Transaction costs | 483 |  |  | — |  |  | 838 |  |  | — |  |  | 1,321 |
Provision for loan loss | — |  |  | — |  |  | 3,777 |  |  | — |  |  | 3,777 |
Depreciation and amortization | 823 |  |  | 35,386 |  |  | 12,541 |  |  | — |  |  | 48,750 |
Income before equity in income from joint ventures and other items | 127,371 |  |  | 149,245 |  |  | 21,871 |  |  | (172,970 | ) |  | 125,517 |
Equity in income from joint ventures | — |  |  | — |  |  | 878 |  |  | — |  |  | 878 |
Gain on sale of land | — |  |  | — |  |  | 330 |  |  | — |  |  | 330 |
Gain on sale of investment in a direct financing lease | — |  |  | 220 |  |  | — |  |  | — |  |  | 220 |
Income before income taxes | 127,371 |  |  | 149,465 |  |  | 23,079 |  |  | (172,970 | ) |  | 126,945 |
Income tax expense | 374 |  |  | — |  |  | 2,958 |  |  | — |  |  | 3,332 |
Income from continuing operations | 126,997 |  |  | 149,465 |  |  | 20,121 |  |  | (172,970 | ) |  | 123,613 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations | — |  |  | (10 | ) |  | 18 |  |  | — |  |  | 8 |
Transaction costs (benefit) | — |  |  | 3,376 |  |  | — |  |  | — |  |  | 3,376 |
Net income attributable to EPR Properties | 126,997 |  |  | 152,831 |  |  | 20,139 |  |  | (172,970 | ) |  | 126,997 |
Preferred dividend requirements | (17,856 | ) |  | — |  |  | — |  |  | — |  |  | (17,856 | )
Net income available to common shareholders of EPR Properties | $ | 109,141 |  |  | $ | 152,831 |  |  | $ | 20,139 |  |  | $ | (172,970 | ) |  | $ | 109,141 |
Comprehensive income attributable to EPR Properties | $ | 123,361 |  |  | $ | 152,974 |  |  | $ | 16,326 |  |  | $ | (169,300 | ) |  | $ | 123,361 |
Condensed Consolidating Statement of Cash Flows Nine Months Ended September 30, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 2,062 |  |  | $ | — |  |  | $ | (2,062 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | 111 |  |  | 7,339 |  |  | (7,450 | ) |  | — |
Net cash provided (used) by other operating activities | (83,543 | ) |  | 217,884 |  |  | 49,967 |  |  | 184,308 |
Net cash provided (used) by operating activities of continuing operations | (81,370 | ) |  | 225,223 |  |  | 40,455 |  |  | 184,308 |
Net cash provided by operating activities of discontinued operations | — |  |  | 514 |  |  | — |  |  | 514 |
Net cash provided (used) by operating activities | (81,370 | ) |  | 225,737 |  |  | 40,455 |  |  | 184,822 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (392 | ) |  | (135,627 | ) |  | (10 | ) |  | (136,029 | )
Proceeds from sale of real estate | — |  |  | 44,911 |  |  | 1,081 |  |  | 45,992 |
Investment in mortgage notes receivable | — |  |  | (18,073 | ) |  | (44,863 | ) |  | (62,936 | )
Proceeds from mortgage note receivable paydown | — |  |  | 975 |  |  | — |  |  | 975 |
Proceeds from sale of investments in a direct financing lease, net | — |  |  | 4,741 |  |  | — |  |  | 4,741 |
Additions to property under development | (5 | ) |  | (300,270 | ) |  | (24,584 | ) |  | (324,859 | )
Advances to subsidiaries, net | (374,011 | ) |  | 337,166 |  |  | 36,845 |  |  | — |
Net cash used by investing activities | (374,408 | ) |  | (66,177 | ) |  | (31,531 | ) |  | (472,116 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from long-term debt facilities | 648,914 |  |  | 155,000 |  |  | — |  |  | 803,914 |
Principal payments on long-term debt | (89,000 | ) |  | (315,310 | ) |  | (8,759 | ) |  | (413,069 | )
Deferred financing fees paid | (6,944 | ) |  | (6 | ) |  | (2 | ) |  | (6,952 | )
Net proceeds from issuance of common shares | 99,760 |  |  | — |  |  | — |  |  | 99,760 |
Impact of stock option exercises, net | (3,192 | ) |  | — |  |  | — |  |  | (3,192 | )
Purchase of common shares for treasury | (8,222 | ) |  | — |  |  | — |  |  | (8,222 | )
Dividends paid to shareholders | (172,926 | ) |  | — |  |  | — |  |  | (172,926 | )
Net cash provided (used) by financing activities | 468,390 |  |  | (160,316 | ) |  | (8,761 | ) |  | 299,313 |
Effect of exchange rate changes on cash | — |  |  | (12 | ) |  | (729 | ) |  | (741 | )
Net increase (decrease) in cash and cash equivalents | 12,612 |  |  | (768 | ) |  | (566 | ) |  | 11,278 |
Cash and cash equivalents at beginning of the period | (1,234 | ) |  | 1,487 |  |  | 3,083 |  |  | 3,336 |
Cash and cash equivalents at end of the period | $ | 11,378 |  |  | $ | 719 |  |  | $ | 2,517 |  |  | $ | 14,614 |
Condensed Consolidating Statement Of Cash Flows |
Condensed Consolidating Statement of Cash Flows Nine Months Ended September 30, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 2,062 |  |  | $ | — |  |  | $ | (2,062 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | 111 |  |  | 7,339 |  |  | (7,450 | ) |  | — |
Net cash provided (used) by other operating activities | (83,543 | ) |  | 217,884 |  |  | 49,967 |  |  | 184,308 |
Net cash provided (used) by operating activities of continuing operations | (81,370 | ) |  | 225,223 |  |  | 40,455 |  |  | 184,308 |
Net cash provided by operating activities of discontinued operations | — |  |  | 514 |  |  | — |  |  | 514 |
Net cash provided (used) by operating activities | (81,370 | ) |  | 225,737 |  |  | 40,455 |  |  | 184,822 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (392 | ) |  | (135,627 | ) |  | (10 | ) |  | (136,029 | )
Proceeds from sale of real estate | — |  |  | 44,911 |  |  | 1,081 |  |  | 45,992 |
Investment in mortgage notes receivable | — |  |  | (18,073 | ) |  | (44,863 | ) |  | (62,936 | )
Proceeds from mortgage note receivable paydown | — |  |  | 975 |  |  | — |  |  | 975 |
Proceeds from sale of investments in a direct financing lease, net | — |  |  | 4,741 |  |  | — |  |  | 4,741 |
Additions to property under development | (5 | ) |  | (300,270 | ) |  | (24,584 | ) |  | (324,859 | )
Advances to subsidiaries, net | (374,011 | ) |  | 337,166 |  |  | 36,845 |  |  | — |
Net cash used by investing activities | (374,408 | ) |  | (66,177 | ) |  | (31,531 | ) |  | (472,116 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from long-term debt facilities | 648,914 |  |  | 155,000 |  |  | — |  |  | 803,914 |
Principal payments on long-term debt | (89,000 | ) |  | (315,310 | ) |  | (8,759 | ) |  | (413,069 | )
Deferred financing fees paid | (6,944 | ) |  | (6 | ) |  | (2 | ) |  | (6,952 | )
Net proceeds from issuance of common shares | 99,760 |  |  | — |  |  | — |  |  | 99,760 |
Impact of stock option exercises, net | (3,192 | ) |  | — |  |  | — |  |  | (3,192 | )
Purchase of common shares for treasury | (8,222 | ) |  | — |  |  | — |  |  | (8,222 | )
Dividends paid to shareholders | (172,926 | ) |  | — |  |  | — |  |  | (172,926 | )
Net cash provided (used) by financing activities | 468,390 |  |  | (160,316 | ) |  | (8,761 | ) |  | 299,313 |
Effect of exchange rate changes on cash | — |  |  | (12 | ) |  | (729 | ) |  | (741 | )
Net increase (decrease) in cash and cash equivalents | 12,612 |  |  | (768 | ) |  | (566 | ) |  | 11,278 |
Cash and cash equivalents at beginning of the period | (1,234 | ) |  | 1,487 |  |  | 3,083 |  |  | 3,336 |
Cash and cash equivalents at end of the period | $ | 11,378 |  |  | $ | 719 |  |  | $ | 2,517 |  |  | $ | 14,614 |
Condensed Consolidating Statement of Cash Flows Nine Months Ended September 30, 2014
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 2,366 |  |  | $ | — |  |  | $ | (2,366 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | — |  |  | — |  |  | — |  |  | — |
Net cash provided (used) by other operating activities | (59,343 | ) |  | 180,072 |  |  | 47,370 |  |  | 168,099 |
Net cash provided (used) by operating activities of continuing operations | (56,977 | ) |  | 180,072 |  |  | 45,004 |  |  | 168,099 |
Net cash provided by operating activities of discontinued operations | — |  |  | 41 |  |  | 68 |  |  | 109 |
Net cash provided (used) by operating activities | (56,977 | ) |  | 180,113 |  |  | 45,072 |  |  | 168,208 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (283 | ) |  | (30,288 | ) |  | (25,814 | ) |  | (56,385 | )
Proceeds from sale of real estate | — |  |  | — |  |  | 3,647 |  |  | 3,647 |
Proceeds from settlement of derivative | — |  |  | — |  |  | 5,725 |  |  | 5,725 |
Investment in mortgage note receivable | — |  |  | (21,808 | ) |  | (36,114 | ) |  | (57,922 | )
Proceeds from mortgage note receivable paydown | — |  |  | 317 |  |  | — |  |  | 317 |
Investment in promissory notes receivable | — |  |  | (721 | ) |  | (3,666 | ) |  | (4,387 | )
Proceeds from sale of investments in a direct financing lease, net | — |  |  | 46,092 |  |  | — |  |  | 46,092 |
Additions to property under development | (821 | ) |  | (246,066 | ) |  | (9,641 | ) |  | (256,528 | )
Advances to subsidiaries, net | (70,690 | ) |  | 40,165 |  |  | 30,525 |  |  | — |
Net cash used by investing activities | (71,794 | ) |  | (212,309 | ) |  | (35,338 | ) |  | (319,441 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from long-term debt facilities | 20,000 |  |  | 245,000 |  |  | — |  |  | 265,000 |
Principal payments on long-term debt | — |  |  | (213,431 | ) |  | (7,135 | ) |  | (220,566 | )
Deferred financing fees paid | (335 | ) |  | (275 | ) |  | (198 | ) |  | (808 | )
Net proceeds from issuance of common shares | 264,008 |  |  | — |  |  | — |  |  | 264,008 |
Impact of stock option exercises, net | (27 | ) |  | — |  |  | — |  |  | (27 | )
Purchase of common shares for treasury | (2,892 | ) |  | — |  |  | — |  |  | (2,892 | )
Dividends paid to shareholders | (152,874 | ) |  | — |  |  | — |  |  | (152,874 | )
Net cash provided (used) by financing activities | 127,880 |  |  | 31,294 |  |  | (7,333 | ) |  | 151,841 |
Effect of exchange rate changes on cash | — |  |  | 47 |  |  | (227 | ) |  | (180 | )
Net increase (decrease) in cash and cash equivalents | (891 | ) |  | (855 | ) |  | 2,174 |  |  | 428 |
Cash and cash equivalents at beginning of the period | 449 |  |  | 2,727 |  |  | 4,782 |  |  | 7,958 |
Cash and cash equivalents at end of the period | $ | (442 | ) |  | $ | 1,872 |  |  | $ | 6,956 |  |  | $ | 8,386 |

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