XML 44 R28.htm IDEA: XBRL DOCUMENT
v3.3.1.900

Condensed Consolidating Financial Statements | 12 Months Ended
--- | ---
Dec. 31, 2015
Condensed Consolidating Financial Statements [Abstract] |
Condensed Consolidating Financial Statements | Condensed Consolidating Financial Statements A portion of our subsidiaries have guaranteed the Company’s indebtedness under the Company's unsecured senior notes and combined unsecured revolving credit facility and term loan facility. The guarantees are joint and several, full and unconditional and subject to customary release provisions. The following summarizes the Company’s condensed consolidating information as of December 31, 2015 and 2014 and for the years ended December 31, 2015, 2014 and 2013 (in thousands):
Condensed Consolidating Balance Sheet As of December 31, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Rental properties, net | $ | — |  |  | $ | 2,485,411 |  |  | $ | 539,788 |  |  | $ | — |  |  | $ | 3,025,199 |
Land held for development | — |  |  | 1,258 |  |  | 22,352 |  |  | — |  |  | 23,610 |
Property under development | — |  |  | 152,197 |  |  | 226,723 |  |  | — |  |  | 378,920 |
Mortgage notes and related accrued interest receivable, net | — |  |  | 400,935 |  |  | 22,845 |  |  | — |  |  | 423,780 |
Investment in a direct financing lease, net | — |  |  | 190,880 |  |  | — |  |  | — |  |  | 190,880 |
Investment in joint ventures | — |  |  | — |  |  | 6,168 |  |  | — |  |  | 6,168 |
Cash and cash equivalents | 1,089 |  |  | 735 |  |  | 2,459 |  |  | — |  |  | 4,283 |
Restricted cash | 475 |  |  | 8,220 |  |  | 1,883 |  |  | — |  |  | 10,578 |
Deferred financing costs, net | 4,894 |  |  | — |  |  | — |  |  | — |  |  | 4,894 |
Accounts receivable, net | 285 |  |  | 47,502 |  |  | 11,314 |  |  | — |  |  | 59,101 |
Intercompany notes receivable | — |  |  | 175,757 |  |  | — |  |  | (175,757 | ) |  | — |
Investments in subsidiaries | 3,825,897 |  |  | — |  |  | — |  |  | (3,825,897 | ) |  | — |
Other assets | 18,159 |  |  | 10,607 |  |  | 61,091 |  |  | — |  |  | 89,857 |
Total assets | $ | 3,850,799 |  |  | $ | 3,473,502 |  |  | $ | 894,623 |  |  | $ | (4,001,654 | ) |  | $ | 4,217,270 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 49,671 |  |  | $ | 38,759 |  |  | $ | 3,748 |  |  | $ | — |  |  | $ | 92,178 |
Dividends payable | 24,352 |  |  | — |  |  | — |  |  | — |  |  | 24,352 |
Unearned rents and interest | — |  |  | 35,512 |  |  | 9,440 |  |  | — |  |  | 44,952 |
Intercompany notes payable | — |  |  | — |  |  | 175,757 |  |  | (175,757 | ) |  | — |
Debt | 1,702,908 |  |  | — |  |  | 279,012 |  |  | — |  |  | 1,981,920 |
Total liabilities | 1,776,931 |  |  | 74,271 |  |  | 467,957 |  |  | (175,757 | ) |  | 2,143,402 |
Equity | 2,073,868 |  |  | 3,399,231 |  |  | 426,666 |  |  | (3,825,897 | ) |  | 2,073,868 |
Total liabilities and equity | $ | 3,850,799 |  |  | $ | 3,473,502 |  |  | $ | 894,623 |  |  | $ | (4,001,654 | ) |  | $ | 4,217,270 |
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, net | — |  |  | 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 | ) |  | 840 |  |  | 3,730 |  |  | — |  |  | 3,336 |
Restricted cash | 1,000 |  |  | 10,466 |  |  | 1,606 |  |  | — |  |  | 13,072 |
Deferred financing costs, net | — |  |  | 4,136 |  |  | — |  |  | — |  |  | 4,136 |
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 | $ | 3,136,700 |  |  | $ | 2,718,456 |  |  | $ | 1,122,448 |  |  | $ | (3,291,329 | ) |  | $ | 3,686,275 |
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 | 1,144,776 |  |  | 160,298 |  |  | 324,676 |  |  | — |  |  | 1,629,750 |
Total liabilities | 1,210,588 |  |  | 213,206 |  |  | 511,749 |  |  | (175,757 | ) |  | 1,759,786 |
EPR Properties shareholders’ equity | 1,926,112 |  |  | 2,505,250 |  |  | 610,322 |  |  | (3,115,572 | ) |  | 1,926,112 |
Noncontrolling interests | — |  |  | — |  |  | 377 |  |  | — |  |  | 377 |
Equity | $ | 1,926,112 |  |  | $ | 2,505,250 |  |  | $ | 610,699 |  |  | $ | (3,115,572 | ) |  | $ | 1,926,489 |
Total liabilities and equity | $ | 3,136,700 |  |  | $ | 2,718,456 |  |  | $ | 1,122,448 |  |  | $ | (3,291,329 | ) |  | $ | 3,686,275 |
Condensed Consolidating Statement of Income For the Year Ended December 31, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantors Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 257,493 |  |  | $ | 73,393 |  |  | $ | — |  |  | $ | 330,886 |
Tenant reimbursements | — |  |  | 5,243 |  |  | 11,077 |  |  | — |  |  | 16,320 |
Other income | — |  |  | 3 |  |  | 3,626 |  |  | — |  |  | 3,629 |
Mortgage and other financing income | 848 |  |  | 61,900 |  |  | 7,434 |  |  | — |  |  | 70,182 |
Intercompany fee income | 2,717 |  |  | — |  |  | — |  |  | (2,717 | ) |  | — |
Interest income on intercompany notes receivable | 111 |  |  | 9,690 |  |  | — |  |  | (9,801 | ) |  | — |
Total revenue | 3,676 |  |  | 334,329 |  |  | 95,530 |  |  | (12,518 | ) |  | 421,017 |
Equity in subsidiaries’ earnings | 298,657 |  |  | — |  |  | — |  |  | (298,657 | ) |  | — |
Property operating expense | — |  |  | 11,532 |  |  | 11,901 |  |  | — |  |  | 23,433 |
Intercompany fee expense | — |  |  | — |  |  | 2,717 |  |  | (2,717 | ) |  | — |
Other expense | — |  |  | — |  |  | 648 |  |  | — |  |  | 648 |
General and administrative expense | — |  |  | 24,047 |  |  | 6,974 |  |  | — |  |  | 31,021 |
Retirement severance expense | 18,578 |  |  | — |  |  | — |  |  | — |  |  | 18,578 |
Costs associated with loan refinancing or payoff | 243 |  |  | 3 |  |  | 24 |  |  | — |  |  | 270 |
Interest expense, net | 78,217 |  |  | (5,524 | ) |  | 7,222 |  |  | — |  |  | 79,915 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 9,801 |  |  | (9,801 | ) |  | — |
Transaction costs | 7,182 |  |  | — |  |  | 336 |  |  | — |  |  | 7,518 |
Depreciation and amortization | 1,629 |  |  | 71,700 |  |  | 16,288 |  |  | — |  |  | 89,617 |
Income before equity in income from joint ventures and other items | 196,484 |  |  | 232,571 |  |  | 39,619 |  |  | (298,657 | ) |  | 170,017 |
Equity in income from joint ventures | — |  |  | — |  |  | 969 |  |  | — |  |  | 969 |
Gain on sale or acquisition, net | — |  |  | 23,653 |  |  | 176 |  |  | — |  |  | 23,829 |
Income before income taxes | 196,484 |  |  | 256,224 |  |  | 40,764 |  |  | (298,657 | ) |  | 194,815 |
Income tax benefit (expense) | (1,952 | ) |  | — |  |  | 1,470 |  |  | — |  |  | (482 | )
Income from continuing operations | 194,532 |  |  | 256,224 |  |  | 42,234 |  |  | (298,657 | ) |  | 194,333 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations | — |  |  | 199 |  |  | — |  |  | — |  |  | 199 |
Net income attributable to EPR Properties | 194,532 |  |  | 256,423 |  |  | 42,234 |  |  | (298,657 | ) |  | 194,532 |
Preferred dividend requirements | (23,806 | ) |  | — |  |  | — |  |  | — |  |  | (23,806 | )
Net income available to common shareholders of EPR Properties | $ | 170,726 |  |  | $ | 256,423 |  |  | $ | 42,234 |  |  | $ | (298,657 | ) |  | $ | 170,726 |
Comprehensive income attributable to EPR Properties | $ | 187,588 |  |  | $ | 256,200 |  |  | $ | 36,088 |  |  | $ | (292,288 | ) |  | $ | 187,588 |
Condensed Consolidating Statement of Income For the Year Ended December 31, 2014
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 211,616 |  |  | $ | 75,057 |  |  | $ | — |  |  | $ | 286,673 |
Tenant reimbursements | — |  |  | 5,103 |  |  | 12,560 |  |  | — |  |  | 17,663 |
Other income | — |  |  | 1 |  |  | 1,008 |  |  | — |  |  | 1,009 |
Mortgage and other financing income | 765 |  |  | 71,535 |  |  | 7,406 |  |  | — |  |  | 79,706 |
Intercompany fee income | 3,124 |  |  | — |  |  | — |  |  | (3,124 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | — |  |  | 24,796 |  |  | (24,796 | ) |  | — |
Total revenue | 3,889 |  |  | 288,255 |  |  | 120,827 |  |  | (27,920 | ) |  | 385,051 |
Equity in subsidiaries’ earnings | 241,921 |  |  | — |  |  | — |  |  | (241,921 | ) |  | — |
Property operating expense | — |  |  | 11,264 |  |  | 13,633 |  |  | — |  |  | 24,897 |
Intercompany fee expense | — |  |  | — |  |  | 3,124 |  |  | (3,124 | ) |  | — |
Other expense | — |  |  | — |  |  | 771 |  |  | — |  |  | 771 |
General and administrative expense | — |  |  | 19,325 |  |  | 8,241 |  |  | — |  |  | 27,566 |
Costs associated with loan refinancing or payoff | — |  |  | 285 |  |  | 16 |  |  | — |  |  | 301 |
Interest expense, net | 63,056 |  |  | 2,978 |  |  | 15,236 |  |  | — |  |  | 81,270 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 24,796 |  |  | (24,796 | ) |  | — |
Transaction costs | 1,319 |  |  | 54 |  |  | 1,079 |  |  | — |  |  | 2,452 |
Provision for loan losses | — |  |  | — |  |  | 3,777 |  |  | — |  |  | 3,777 |
Depreciation and amortization | 1,224 |  |  | 48,541 |  |  | 16,974 |  |  | — |  |  | 66,739 |
Income before equity in income from joint ventures and other items | 180,211 |  |  | 205,808 |  |  | 33,180 |  |  | (241,921 | ) |  | 177,278 |
Equity in income from joint ventures | — |  |  | — |  |  | 1,273 |  |  | — |  |  | 1,273 |
Gain on sale or acquisition, net | — |  |  | — |  |  | 1,209 |  |  | — |  |  | 1,209 |
Gain on sale of investment in a direct financing lease | — |  |  | 220 |  |  | — |  |  | — |  |  | 220 |
Income before income taxes | 180,211 |  |  | 206,028 |  |  | 35,662 |  |  | (241,921 | ) |  | 179,980 |
Income tax benefit (expense) | (578 | ) |  | — |  |  | (3,650 | ) |  | — |  |  | (4,228 | )
Income from continuing operations | 179,633 |  |  | 206,028 |  |  | 32,012 |  |  | (241,921 | ) |  | 175,752 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations | — |  |  | 487 |  |  | 18 |  |  | — |  |  | 505 |
Transaction (costs) benefit | — |  |  | 3,376 |  |  | — |  |  | — |  |  | 3,376 |
Net income attributable to EPR Properties | 179,633 |  |  | 209,891 |  |  | 32,030 |  |  | (241,921 | ) |  | 179,633 |
Preferred dividend requirements | (23,807 | ) |  | — |  |  | — |  |  | — |  |  | (23,807 | )
Net income available to common shareholders of EPR Properties | $ | 155,826 |  |  | $ | 209,891 |  |  | $ | 32,030 |  |  | $ | (241,921 | ) |  | $ | 155,826 |
Comprehensive income attributable to EPR Properties | $ | 175,006 |  |  | $ | 210,031 |  |  | $ | 27,888 |  |  | $ | (237,919 | ) |  | $ | 175,006 |
Condensed Consolidating Statement of Income For the Year Ended December 31, 2013
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 180,319 |  |  | $ | 68,390 |  |  | $ | — |  |  | $ | 248,709 |
Tenant reimbursements | — |  |  | 5,235 |  |  | 13,166 |  |  | — |  |  | 18,401 |
Other income | 75 |  |  | 9 |  |  | 1,598 |  |  | — |  |  | 1,682 |
Mortgage and other financing income | 994 |  |  | 66,886 |  |  | 6,392 |  |  | — |  |  | 74,272 |
Intercompany fee income | 2,629 |  |  | — |  |  | — |  |  | (2,629 | ) |  | — |
Interest income on intercompany notes receivable | 17,848 |  |  | — |  |  | 386 |  |  | (18,234 | ) |  | — |
Total revenue | 21,546 |  |  | 252,449 |  |  | 89,932 |  |  | (20,863 | ) |  | 343,064 |
Equity in subsidiaries’ earnings | 212,634 |  |  | — |  |  | — |  |  | (212,634 | ) |  | — |
Property operating expense | (88 | ) |  | 11,865 |  |  | 14,239 |  |  | — |  |  | 26,016 |
Intercompany fee expense | — |  |  | — |  |  | 2,629 |  |  | (2,629 | ) |  | — |
Other expense | — |  |  | — |  |  | 658 |  |  | — |  |  | 658 |
General and administrative expense | — |  |  | 18,708 |  |  | 6,905 |  |  | — |  |  | 25,613 |
Costs associated with loan refinancing or payoff | — |  |  | 1,987 |  |  | 4,179 |  |  | — |  |  | 6,166 |
Gain on early extinguishment of debt | — |  |  | (4,539 | ) |  | — |  |  | — |  |  | (4,539 | )
Interest expense, net | 55,856 |  |  | 9,085 |  |  | 16,115 |  |  | — |  |  | 81,056 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 18,234 |  |  | (18,234 | ) |  | — |
Transaction costs | 1,813 |  |  | — |  |  | 142 |  |  | — |  |  | 1,955 |
Depreciation and amortization | 1,093 |  |  | 37,756 |  |  | 15,097 |  |  | — |  |  | 53,946 |
Income before equity in income from joint ventures and other items | 175,506 |  |  | 177,587 |  |  | 11,734 |  |  | (212,634 | ) |  | 152,193 |
Equity in income from joint ventures | 505 |  |  | — |  |  | 893 |  |  | — |  |  | 1,398 |
Gain (loss) on sale or acquisition, net | (150 | ) |  | 3,167 |  |  | — |  |  | — |  |  | 3,017 |
Gain on previously held equity interest | 4,853 |  |  | — |  |  | — |  |  | — |  |  | 4,853 |
Income before income taxes | $ | 180,714 |  |  | $ | 180,754 |  |  | $ | 12,627 |  |  | $ | (212,634 | ) |  | $ | 161,461 |
Income tax benefit (expense) | (488 | ) |  | — |  |  | 14,664 |  |  | — |  |  | 14,176 |
Income from continuing operations | 180,226 |  |  | 180,754 |  |  | 27,291 |  |  | (212,634 | ) |  | 175,637 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income (loss) from discontinued operations | — |  |  | 638 |  |  | (305 | ) |  | — |  |  | 333 |
Gain on sale, net from discontinued opeartions | — |  |  | — |  |  | 4,256 |  |  | — |  |  | 4,256 |
Net income attributable to EPR Properties | 180,226 |  |  | 181,392 |  |  | 31,242 |  |  | (212,634 | ) |  | 180,226 |
Preferred dividend requirements | (23,806 | ) |  | — |  |  | — |  |  | — |  |  | (23,806 | )
Net income available to common shareholders of EPR Properties | $ | 156,420 |  |  | $ | 181,392 |  |  | $ | 31,242 |  |  | $ | (212,634 | ) |  | $ | 156,420 |
Comprehensive income attributable to EPR Properties | $ | 176,797 |  |  | $ | 181,628 |  |  | $ | 28,200 |  |  | $ | (209,828 | ) |  | $ | 176,797 |
Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 2,717 |  |  | $ | — |  |  | $ | (2,717 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | 111 |  |  | 9,690 |  |  | (9,801 | ) |  | — |
Net cash provided (used) by other operating activities | (91,731 | ) |  | 300,144 |  |  | 69,539 |  |  | 277,952 |
Net cash provided (used) by operating activities by continuing operations | (88,903 | ) |  | 309,834 |  |  | 57,021 |  |  | 277,952 |
Net cash provided by operating activities of discontinued operations | — |  |  | 508 |  |  | — |  |  | 508 |
Net cash provided (used) by operating activities | (88,903 | ) |  | 310,342 |  |  | 57,021 |  |  | 278,460 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (618 | ) |  | (178,964 | ) |  | (238 | ) |  | (179,820 | )
Proceeds from sale of real estate | — |  |  | 45,637 |  |  | 1,081 |  |  | 46,718 |
Investment in mortgage notes receivable | — |  |  | (27,835 | ) |  | (44,863 | ) |  | (72,698 | )
Proceeds from mortgage note receivable paydown | — |  |  | 38,456 |  |  | 2,500 |  |  | 40,956 |
Proceeds from sale of investment in a direct financing lease, net | — |  |  | 4,741 |  |  | — |  |  | 4,741 |
Additions to property under development | (112 | ) |  | (366,170 | ) |  | (42,154 | ) |  | (408,436 | )
Advances to subsidiaries, net | (406,389 | ) |  | 334,011 |  |  | 72,378 |  |  | — |
Net cash used by investing activities | (407,119 | ) |  | (150,124 | ) |  | (11,296 | ) |  | (568,539 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities | 701,914 |  |  | 155,000 |  |  | — |  |  | 856,914 |
Principal payments on debt | (142,000 | ) |  | (315,310 | ) |  | (46,004 | ) |  | (503,314 | )
Deferred financing fees paid | (7,038 | ) |  | (7 | ) |  | (2 | ) |  | (7,047 | )
Net proceeds from issuance of common shares | 190,158 |  |  | — |  |  | — |  |  | 190,158 |
Impact of stock option exercises, net | (3,394 | ) |  | — |  |  | — |  |  | (3,394 | )
Purchase of common shares for treasury | (8,222 | ) |  | — |  |  | — |  |  | (8,222 | )
Dividends paid to shareholders | (233,073 | ) |  | — |  |  | — |  |  | (233,073 | )
Net cash provided (used) by financing activities | 498,345 |  |  | (160,317 | ) |  | (46,006 | ) |  | 292,022 |
Effect of exchange rate changes on cash | — |  |  | (6 | ) |  | (990 | ) |  | (996 | )
Net increase (decrease) in cash and cash equivalents | 2,323 |  |  | (105 | ) |  | (1,271 | ) |  | 947 |
Cash and cash equivalents at beginning of the period | (1,234 | ) |  | 840 |  |  | 3,730 |  |  | 3,336 |
Cash and cash equivalents at end of the period | $ | 1,089 |  |  | $ | 735 |  |  | $ | 2,459 |  |  | $ | 4,283 |
Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2014
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 3,124 |  |  | $ | — |  |  | $ | (3,124 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | — |  |  | — |  |  | — |  |  | — |
Net cash provided (used) by other operating activities | (60,684 | ) |  | 250,337 |  |  | 60,499 |  |  | 250,152 |
Net cash provided (used) by operating activities of continuing operations | (57,560 | ) |  | 250,337 |  |  | 57,375 |  |  | 250,152 |
Net cash provided by operating activities of discontinued operations | — |  |  | 47 |  |  | 96 |  |  | 143 |
Net cash provided (used) by operating activities | (57,560 | ) |  | 250,384 |  |  | 57,471 |  |  | 250,295 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (438 | ) |  | (58,930 | ) |  | (25,837 | ) |  | (85,205 | )
Proceeds from sale of real estate | — |  |  | — |  |  | 12,055 |  |  | 12,055 |
Proceeds from settlement of derivative | — |  |  | — |  |  | 5,725 |  |  | 5,725 |
Investment in mortgage note receivable | — |  |  | (26,716 | ) |  | (67,161 | ) |  | (93,877 | )
Proceeds from mortgage note receivable paydown | — |  |  | 52,834 |  |  | 23,422 |  |  | 76,256 |
Investment in promissory notes receivable | — |  |  | (721 | ) |  | (3,666 | ) |  | (4,387 | )
Proceeds from promissory note paydown | — |  |  | — |  |  | 1,750 |  |  | 1,750 |
Proceeds from sale of investment in a direct financing lease, net | — |  |  | 46,092 |  |  | — |  |  | 46,092 |
Additions to property under development | (821 | ) |  | (320,964 | ) |  | (12,850 | ) |  | (334,635 | )
Advances to subsidiaries, net | (16,206 | ) |  | (1,510 | ) |  | 17,716 |  |  | — |
Net cash used in investing activities | (17,465 | ) |  | (309,915 | ) |  | (48,846 | ) |  | (376,226 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities | 20,000 |  |  | 359,000 |  |  | — |  |  | 379,000 |
Principal payments on debt | — |  |  | (300,270 | ) |  | (9,983 | ) |  | (310,253 | )
Deferred financing fees paid | (337 | ) |  | (275 | ) |  | (202 | ) |  | (814 | )
Costs associated with loan refinancing or payoff (cash portion) | — |  |  | (25 | ) |  | — |  |  | (25 | )
Net proceeds from issuance of common shares | 264,158 |  |  | — |  |  | — |  |  | 264,158 |
Impact of stock option exercises, net | 50 |  |  | — |  |  | — |  |  | 50 |
Purchase of common shares for treasury | (2,892 | ) |  | — |  |  | — |  |  | (2,892 | )
Dividends paid to shareholders | (207,637 | ) |  | — |  |  | — |  |  | (207,637 | )
Net cash provided (used) by financing activities | 73,342 |  |  | 58,430 |  |  | (10,185 | ) |  | 121,587 |
Effect of exchange rate changes on cash | — |  |  | 39 |  |  | (317 | ) |  | (278 | )
Net decrease in cash and cash equivalents | (1,683 | ) |  | (1,062 | ) |  | (1,877 | ) |  | (4,622 | )
Cash and cash equivalents at beginning of the period | 449 |  |  | 1,902 |  |  | 5,607 |  |  | 7,958 |
Cash and cash equivalents at end of the period | $ | (1,234 | ) |  | $ | 840 |  |  | $ | 3,730 |  |  | $ | 3,336 |
Condensed Consolidating Statement of Cash Flows For the Year Ended December 31, 2013
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 2,629 |  |  | $ | — |  |  | $ | (2,629 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | 17,848 |  |  | — |  |  | (17,848 | ) |  | — |
Net cash provided (used) by other operating activities | (44,752 | ) |  | 216,982 |  |  | 59,209 |  |  | 231,439 |
Net cash provided (used) by operating activities of continuing operations | (24,275 | ) |  | 216,982 |  |  | 38,732 |  |  | 231,439 |
Net cash provided by operating activities of discontinued operations | — |  |  | 286 |  |  | 2,395 |  |  | 2,681 |
Net cash provided (used) by operating activities | (24,275 | ) |  | 217,268 |  |  | 41,127 |  |  | 234,120 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (1,358 | ) |  | (118,233 | ) |  | (3,906 | ) |  | (123,497 | )
Proceeds from sale of real estate | — |  |  | — |  |  | 797 |  |  | 797 |
Investment in unconsolidated joint ventures | (1,607 | ) |  | — |  |  | — |  |  | (1,607 | )
Investment in mortgage notes receivable | (11,797 | ) |  | (46,375 | ) |  | (2,396 | ) |  | (60,568 | )
Proceeds from mortgage note receivable paydown | — |  |  | 202 |  |  | 1,698 |  |  | 1,900 |
Investment in promissory notes receivable | — |  |  | (1,278 | ) |  | — |  |  | (1,278 | )
Proceeds from promissory note receivable paydown | 117 |  |  | — |  |  | 910 |  |  | 1,027 |
Investment in a direct financing lease, net | — |  |  | (3,262 | ) |  | — |  |  | (3,262 | )
Additions to property under development | (18 | ) |  | (190,205 | ) |  | (7,048 | ) |  | (197,271 | )
Investment in intercompany notes payable | 103,104 |  |  | — |  |  | (103,104 | ) |  | — |
Advances to subsidiaries, net | (380,190 | ) |  | 255,824 |  |  | 124,366 |  |  | — |
Net cash provided (used) by investing activities of continuing operations | (291,749 | ) |  | (103,327 | ) |  | 11,317 |  |  | (383,759 | )
Net proceeds from sale of real estate from discontinued operations | — |  |  | — |  |  | 47,301 |  |  | 47,301 |
Net cash provided (used) by investing activities | (291,749 | ) |  | (103,327 | ) |  | 58,618 |  |  | (336,458 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities | 300,000 |  |  | 346,000 |  |  | — |  |  | 646,000 |
Principal payments on debt | — |  |  | (454,683 | ) |  | (97,785 | ) |  | (552,468 | )
Deferred financing fees paid | (5,620 | ) |  | (2,494 | ) |  | (19 | ) |  | (8,133 | )
Costs associated with loan refinancing or payoff (cash portion) | — |  |  | (1,753 | ) |  | (4,037 | ) |  | (5,790 | )
Net proceeds from issuance of common shares | 220,785 |  |  | — |  |  | — |  |  | 220,785 |
Impact of stock option exercises, net | 947 |  |  | — |  |  | — |  |  | 947 |
Purchase of common shares for treasury | (3,246 | ) |  | — |  |  | — |  |  | (3,246 | )
Dividends paid to shareholders | (197,924 | ) |  | — |  |  | — |  |  | (197,924 | )
Net cash provided (used) by financing activities | 314,942 |  |  | (112,930 | ) |  | (101,841 | ) |  | 100,171 |
Effect of exchange rate changes on cash | — |  |  | (13 | ) |  | (526 | ) |  | (539 | )
Net increase (decrease) in cash and cash equivalents | (1,082 | ) |  | 998 |  |  | (2,622 | ) |  | (2,706 | )
Cash and cash equivalents at beginning of the period | 1,531 |  |  | 904 |  |  | 8,229 |  |  | 10,664 |
Cash and cash equivalents at end of the period | $ | 449 |  |  | $ | 1,902 |  |  | $ | 5,607 |  |  | $ | 7,958 |

X
- Definition Condensed Consolidating Financial Statements [Abstract] + References No definition available. + Details
Name: | epr_CondensedConsolidatingFinancialStatementsAbstract
Namespace Prefix: | epr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of condensed consolidating financial statements disclosure text block + References No definition available. + Details
Name: | epr_ScheduleOfCondensedConsolidatingFinancialStatementsDisclosureTextBlock
Namespace Prefix: | epr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration