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Condensed Consolidating Financial Statements (Tables) | 9 Months Ended
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Sep. 30, 2016
Condensed Consolidating Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet As of September 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Rental properties, net | $ | — |  |  | $ | 3,057,994 |  |  | $ | 433,004 |  |  | $ | — |  |  | $ | 3,490,998 |
Land held for development | — |  |  | 1,258 |  |  | 21,272 |  |  | — |  |  | 22,530 |
Property under development | 181 |  |  | 216,637 |  |  | 46,208 |  |  | — |  |  | 263,026 |
Mortgage notes and related accrued interest receivable | — |  |  | 438,166 |  |  | 2,712 |  |  | — |  |  | 440,878 |
Investment in a direct financing lease, net | — |  |  | 189,152 |  |  | — |  |  | — |  |  | 189,152 |
Investment in joint ventures | — |  |  | — |  |  | 6,159 |  |  | — |  |  | 6,159 |
Cash and cash equivalents | 4,551 |  |  | 737 |  |  | 2,023 |  |  | — |  |  | 7,311 |
Restricted cash | 370 |  |  | 19,037 |  |  | 1,056 |  |  | — |  |  | 20,463 |
Accounts receivable, net | 135 |  |  | 72,418 |  |  | 8,664 |  |  | — |  |  | 81,217 |
Intercompany notes receivable | — |  |  | 179,589 |  |  | — |  |  | (179,589 | ) |  | — |
Investments in subsidiaries | 4,278,472 |  |  | — |  |  | — |  |  | (4,278,472 | ) |  | — |
Other assets | 22,477 |  |  | 24,174 |  |  | 52,585 |  |  | — |  |  | 99,236 |
Total assets | $ | 4,306,186 |  |  | $ | 4,199,162 |  |  | $ | 573,683 |  |  | $ | (4,458,061 | ) |  | $ | 4,620,970 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 44,253 |  |  | $ | 53,461 |  |  | $ | 3,305 |  |  | $ | — |  |  | $ | 101,019 |
Dividends payable | 26,312 |  |  | — |  |  | — |  |  | — |  |  | 26,312 |
Unearned rents and interest | — |  |  | 54,894 |  |  | 742 |  |  | — |  |  | 55,636 |
Intercompany notes payable | — |  |  | — |  |  | 179,589 |  |  | (179,589 | ) |  | — |
Debt | 2,046,194 |  |  | — |  |  | 202,382 |  |  | — |  |  | 2,248,576 |
Total liabilities | 2,116,759 |  |  | 108,355 |  |  | 386,018 |  |  | (179,589 | ) |  | 2,431,543 |
Total equity | 2,189,427 |  |  | 4,090,807 |  |  | 187,665 |  |  | (4,278,472 | ) |  | 2,189,427 |
Total liabilities and equity | $ | 4,306,186 |  |  | $ | 4,199,162 |  |  | $ | 573,683 |  |  | $ | (4,458,061 | ) |  | $ | 4,620,970 |
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 | $ | — |  |  | $ | 2,590,158 |  |  | $ | 435,041 |  |  | $ | — |  |  | $ | 3,025,199 |
Land held for development | — |  |  | 1,258 |  |  | 22,352 |  |  | — |  |  | 23,610 |
Property under development | — |  |  | 324,360 |  |  | 54,560 |  |  | — |  |  | 378,920 |
Mortgage notes and related accrued interest receivable | — |  |  | 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 |  |  | 1,289 |  |  | 1,905 |  |  | — |  |  | 4,283 |
Restricted cash | 475 |  |  | 9,059 |  |  | 1,044 |  |  | — |  |  | 10,578 |
Accounts receivable, net | 285 |  |  | 49,237 |  |  | 9,579 |  |  | — |  |  | 59,101 |
Intercompany notes receivable | — |  |  | 177,526 |  |  | — |  |  | (177,526 | ) |  | — |
Investments in subsidiaries | 3,825,897 |  |  | — |  |  | — |  |  | (3,825,897 | ) |  | — |
Other assets | 23,053 |  |  | 10,589 |  |  | 61,109 |  |  | — |  |  | 94,751 |
Total assets | $ | 3,850,799 |  |  | $ | 3,755,291 |  |  | $ | 614,603 |  |  | $ | (4,003,423 | ) |  | $ | 4,217,270 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 49,671 |  |  | $ | 39,228 |  |  | $ | 3,279 |  |  | $ | — |  |  | $ | 92,178 |
Dividends payable | 24,352 |  |  | — |  |  | — |  |  | — |  |  | 24,352 |
Unearned rents and interest | — |  |  | 44,012 |  |  | 940 |  |  | — |  |  | 44,952 |
Intercompany notes payable | — |  |  | — |  |  | 177,526 |  |  | (177,526 | ) |  | — |
Debt | 1,702,908 |  |  | 63,682 |  |  | 215,330 |  |  | — |  |  | 1,981,920 |
Total liabilities | 1,776,931 |  |  | 146,922 |  |  | 397,075 |  |  | (177,526 | ) |  | 2,143,402 |
Total equity | 2,073,868 |  |  | 3,608,369 |  |  | 217,528 |  |  | (3,825,897 | ) |  | 2,073,868 |
Total liabilities and equity | $ | 3,850,799 |  |  | $ | 3,755,291 |  |  | $ | 614,603 |  |  | $ | (4,003,423 | ) |  | $ | 4,217,270 |
Condensed Consolidating Statement Of Income |
Condensed Consolidating Statement of Income Three Months Ended September 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 89,178 |  |  | $ | 13,104 |  |  | $ | — |  |  | $ | 102,282 |
Tenant reimbursements | — |  |  | 1,338 |  |  | 2,483 |  |  | — |  |  | 3,821 |
Other income | — |  |  | 1,829 |  |  | 647 |  |  | — |  |  | 2,476 |
Mortgage and other financing income | 286 |  |  | 16,692 |  |  | 53 |  |  | — |  |  | 17,031 |
Intercompany fee income | 677 |  |  | — |  |  | — |  |  | (677 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 2,460 |  |  | — |  |  | (2,460 | ) |  | — |
Total revenue | 963 |  |  | 111,497 |  |  | 16,287 |  |  | (3,137 | ) |  | 125,610 |
Equity in subsidiaries’ earnings | 84,755 |  |  | — |  |  | — |  |  | (84,755 | ) |  | — |
Property operating expense | — |  |  | 2,916 |  |  | 2,710 |  |  | — |  |  | 5,626 |
Intercompany fee expense | — |  |  | — |  |  | 677 |  |  | (677 | ) |  | — |
General and administrative expense | — |  |  | 7,927 |  |  | 1,164 |  |  | — |  |  | 9,091 |
Costs associated with loan refinancing or payoff | — |  |  | 14 |  |  | — |  |  | — |  |  | 14 |
Interest expense, net | 24,414 |  |  | (2,395 | ) |  | 2,246 |  |  | — |  |  | 24,265 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 2,460 |  |  | (2,460 | ) |  | — |
Transaction costs | 2,947 |  |  | — |  |  | — |  |  | — |  |  | 2,947 |
Depreciation and amortization | 449 |  |  | 23,768 |  |  | 3,384 |  |  | — |  |  | 27,601 |
Income before equity in income from joint ventures and other items | 57,908 |  |  | 79,267 |  |  | 3,646 |  |  | (84,755 | ) |  | 56,066 |
Equity in income from joint ventures | — |  |  | — |  |  | 203 |  |  | — |  |  | 203 |
Gain on sale of real estate | — |  |  | 1,615 |  |  | — |  |  | — |  |  | 1,615 |
Income before income taxes | 57,908 |  |  | 80,882 |  |  | 3,849 |  |  | (84,755 | ) |  | 57,884 |
Income tax benefit (expense) | (382 | ) |  | — |  |  | 24 |  |  | — |  |  | (358 | )
Net income attributable to EPR Properties | 57,526 |  |  | 80,882 |  |  | 3,873 |  |  | (84,755 | ) |  | 57,526 |
Preferred dividend requirements | (5,951 | ) |  | — |  |  | — |  |  | — |  |  | (5,951 | )
Net income available to common shareholders of EPR Properties | $ | 51,575 |  |  | $ | 80,882 |  |  | $ | 3,873 |  |  | $ | (84,755 | ) |  | $ | 51,575 |
Comprehensive income attributable to EPR Properties | $ | 58,739 |  |  | $ | 80,882 |  |  | $ | 2,440 |  |  | $ | (83,322 | ) |  | $ | 58,739 |
Condensed Consolidating Statement of Income Three Months Ended September 30, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 72,001 |  |  | $ | 13,705 |  |  | $ | — |  |  | $ | 85,706 |
Tenant reimbursements | — |  |  | 1,254 |  |  | 2,464 |  |  | — |  |  | 3,718 |
Other income | — |  |  | 1 |  |  | 717 |  |  | — |  |  | 718 |
Mortgage and other financing income | 212 |  |  | 16,526 |  |  | 1,455 |  |  | — |  |  | 18,193 |
Intercompany fee income | 665 |  |  | — |  |  | — |  |  | (665 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 2,390 |  |  | — |  |  | (2,390 | ) |  | — |
Total revenue | 877 |  |  | 92,172 |  |  | 18,341 |  |  | (3,055 | ) |  | 108,335 |
Equity in subsidiaries’ earnings | 71,740 |  |  | — |  |  | — |  |  | (71,740 | ) |  | — |
Property operating expense | — |  |  | 2,636 |  |  | 2,860 |  |  | — |  |  | 5,496 |
Intercompany fee expense | — |  |  | — |  |  | 665 |  |  | (665 | ) |  | — |
Other expense | — |  |  | — |  |  | 221 |  |  | — |  |  | 221 |
General and administrative expense | — |  |  | 6,201 |  |  | 1,281 |  |  | — |  |  | 7,482 |
Costs associated with loan refinancing or payoff | — |  |  | 18 |  |  | — |  |  | — |  |  | 18 |
Interest expense, net | 20,843 |  |  | (2,754 | ) |  | 2,440 |  |  | — |  |  | 20,529 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 2,390 |  |  | (2,390 | ) |  | — |
Transaction costs | 746 |  |  | — |  |  | 37 |  |  | — |  |  | 783 |
Depreciation and amortization | 422 |  |  | 19,834 |  |  | 3,242 |  |  | — |  |  | 23,498 |
Income before equity in income from joint ventures and other items | 50,606 |  |  | 66,237 |  |  | 5,205 |  |  | (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 |  |  | 66,142 |  |  | 5,544 |  |  | (71,740 | ) |  | 50,552 |
Income tax expense | (411 | ) |  | — |  |  | (87 | ) |  | — |  |  | (498 | )
Income from continuing operations | 50,195 |  |  | 66,142 |  |  | 5,457 |  |  | (71,740 | ) |  | 50,054 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations | — |  |  | 141 |  |  | — |  |  | — |  |  | 141 |
Net income attributable to EPR Properties | 50,195 |  |  | 66,283 |  |  | 5,457 |  |  | (71,740 | ) |  | 50,195 |
Preferred dividend requirements | (5,951 | ) |  | — |  |  | — |  |  | — |  |  | (5,951 | )
Net income available to common shareholders of EPR Properties | $ | 44,244 |  |  | $ | 66,283 |  |  | $ | 5,457 |  |  | $ | (71,740 | ) |  | $ | 44,244 |
Comprehensive income attributable to EPR Properties | $ | 47,315 |  |  | $ | 66,280 |  |  | $ | 5,359 |  |  | $ | (71,639 | ) |  | $ | 47,315 |
Condensed Consolidating Statement of Income Nine Months Ended September 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 251,900 |  |  | $ | 40,215 |  |  | $ | — |  |  | $ | 292,115 |
Tenant reimbursements | — |  |  | 4,059 |  |  | 7,518 |  |  | — |  |  | 11,577 |
Other income | — |  |  | 3,648 |  |  | 2,164 |  |  | — |  |  | 5,812 |
Mortgage and other financing income | 710 |  |  | 48,370 |  |  | 3,827 |  |  | — |  |  | 52,907 |
Intercompany fee income | 2,018 |  |  | — |  |  | — |  |  | (2,018 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 7,297 |  |  | — |  |  | (7,297 | ) |  | — |
Total revenue | 2,728 |  |  | 315,274 |  |  | 53,724 |  |  | (9,315 | ) |  | 362,411 |
Equity in subsidiaries’ earnings | 240,420 |  |  | — |  |  | — |  |  | (240,420 | ) |  | — |
Property operating expense | — |  |  | 8,135 |  |  | 8,552 |  |  | — |  |  | 16,687 |
Intercompany fee expense | — |  |  | — |  |  | 2,018 |  |  | (2,018 | ) |  | — |
Other expense | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
General and administrative expense | — |  |  | 23,318 |  |  | 3,991 |  |  | — |  |  | 27,309 |
Costs associated with loan refinancing or payoff | — |  |  | 353 |  |  | 552 |  |  | — |  |  | 905 |
Interest expense, net | 69,042 |  |  | (5,596 | ) |  | 6,864 |  |  | — |  |  | 70,310 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 7,297 |  |  | (7,297 | ) |  | — |
Transaction costs | 4,778 |  |  | — |  |  | 103 |  |  | — |  |  | 4,881 |
Depreciation and amortization | 1,338 |  |  | 67,516 |  |  | 10,368 |  |  | — |  |  | 79,222 |
Income before equity in income from joint ventures and other items | 167,990 |  |  | 221,548 |  |  | 13,974 |  |  | (240,420 | ) |  | 163,092 |
Equity in income from joint ventures | — |  |  | — |  |  | 501 |  |  | — |  |  | 501 |
Gain on sale of real estate | — |  |  | 3,885 |  |  | — |  |  | — |  |  | 3,885 |
Income before income taxes | 167,990 |  |  | 225,433 |  |  | 14,475 |  |  | (240,420 | ) |  | 167,478 |
Income tax benefit (expense) | (1,149 | ) |  | — |  |  | 512 |  |  | — |  |  | (637 | )
Net income attributable to EPR Properties | 166,841 |  |  | 225,433 |  |  | 14,987 |  |  | (240,420 | ) |  | 166,841 |
Preferred dividend requirements | (17,855 | ) |  | — |  |  | — |  |  | — |  |  | (17,855 | )
Net income available to common shareholders of EPR Properties | $ | 148,986 |  |  | $ | 225,433 |  |  | $ | 14,987 |  |  | $ | (240,420 | ) |  | $ | 148,986 |
Comprehensive income attributable to EPR Properties | $ | 165,917 |  |  | $ | 225,433 |  |  | $ | 15,391 |  |  | $ | (240,824 | ) |  | $ | 165,917 |
Condensed Consolidating Statement of Income Nine Months Ended September 30, 2015
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 198,040 |  |  | $ | 42,266 |  |  | $ | — |  |  | $ | 240,306 |
Tenant reimbursements | — |  |  | 3,928 |  |  | 8,058 |  |  | — |  |  | 11,986 |
Other income | — |  |  | 3 |  |  | 2,413 |  |  | — |  |  | 2,416 |
Mortgage and other financing income | 636 |  |  | 46,830 |  |  | 6,855 |  |  | — |  |  | 54,321 |
Intercompany fee income | 2,062 |  |  | — |  |  | — |  |  | (2,062 | ) |  | — |
Interest income on intercompany notes receivable | 111 |  |  | 7,339 |  |  | — |  |  | (7,450 | ) |  | — |
Total revenue | 2,809 |  |  | 256,140 |  |  | 59,592 |  |  | (9,512 | ) |  | 309,029 |
Equity in subsidiaries’ earnings | 224,052 |  |  | — |  |  | — |  |  | (224,052 | ) |  | — |
Property operating expense | — |  |  | 8,412 |  |  | 9,211 |  |  | — |  |  | 17,623 |
Intercompany fee expense | — |  |  | — |  |  | 2,062 |  |  | (2,062 | ) |  | — |
Other expense | — |  |  | — |  |  | 533 |  |  | — |  |  | 533 |
General and administrative expense | — |  |  | 18,510 |  |  | 4,410 |  |  | — |  |  | 22,920 |
Retirement severance expense | 18,578 |  |  | — |  |  | — |  |  | — |  |  | 18,578 |
Costs associated with loan refinancing or payoff | 243 |  |  | 18 |  |  | — |  |  | — |  |  | 261 |
Interest expense, net | 57,027 |  |  | (5,254 | ) |  | 7,350 |  |  | — |  |  | 59,123 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 7,450 |  |  | (7,450 | ) |  | — |
Transaction costs | 6,482 |  |  | — |  |  | 336 |  |  | — |  |  | 6,818 |
Depreciation and amortization | 1,200 |  |  | 53,592 |  |  | 9,910 |  |  | — |  |  | 64,702 |
Income before equity in income from joint ventures and other items | 143,331 |  |  | 180,862 |  |  | 18,330 |  |  | (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 |  |  | 204,515 |  |  | 19,207 |  |  | (224,052 | ) |  | 143,001 |
Income tax benefit (expense) | (1,549 | ) |  | — |  |  | 131 |  |  | — |  |  | (1,418 | )
Income from continuing operations | 141,782 |  |  | 204,515 |  |  | 19,338 |  |  | (224,052 | ) |  | 141,583 |
Discontinued operations: |  |  |  |  |  |  |  |  |
Income from discontinued operations | — |  |  | 199 |  |  | — |  |  | — |  |  | 199 |
Net income attributable to EPR Properties | 141,782 |  |  | 204,714 |  |  | 19,338 |  |  | (224,052 | ) |  | 141,782 |
Preferred dividend requirements | (17,855 | ) |  | — |  |  | — |  |  | — |  |  | (17,855 | )
Net income available to common shareholders of EPR Properties | $ | 123,927 |  |  | $ | 204,714 |  |  | $ | 19,338 |  |  | $ | (224,052 | ) |  | $ | 123,927 |
Comprehensive income attributable to EPR Properties | $ | 134,626 |  |  | $ | 204,663 |  |  | $ | 15,913 |  |  | $ | (220,576 | ) |  | $ | 134,626 |
Condensed Consolidating Statement of Cash Flows Nine Months Ended September 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 2,018 |  |  | $ | — |  |  | $ | (2,018 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | — |  |  | 7,297 |  |  | (7,297 | ) |  | — |
Net cash provided (used) by other operating activities | (74,550 | ) |  | 254,721 |  |  | 35,602 |  |  | 215,773 |
Net cash provided (used) by operating activities | (72,532 | ) |  | 262,018 |  |  | 26,287 |  |  | 215,773 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (180 | ) |  | (175,075 | ) |  | (2,107 | ) |  | (177,362 | )
Proceeds from sale of real estate | — |  |  | 19,175 |  |  | 1,476 |  |  | 20,651 |
Investment in mortgage notes receivable | — |  |  | (80,786 | ) |  | — |  |  | (80,786 | )
Proceeds from mortgage note receivable paydown | — |  |  | 44,556 |  |  | 19,320 |  |  | 63,876 |
Proceeds from sale of infrastructure related to issuance of revenue bonds | — |  |  | 43,462 |  |  | — |  |  | 43,462 |
Investment in promissory notes receivable | — |  |  | (66 | ) |  | — |  |  | (66 | )
Proceeds from insurance recovery | — |  |  | 2,635 |  |  | 401 |  |  | 3,036 |
Proceeds from sale of investments in a direct financing lease, net | — |  |  | 825 |  |  | — |  |  | 825 |
Additions to property under development | (181 | ) |  | (282,554 | ) |  | (6,152 | ) |  | (288,887 | )
Investment in intercompany notes payable | — |  |  | (2,063 | ) |  | 2,063 |  |  | — |
Advances to subsidiaries, net | (203,471 | ) |  | 231,048 |  |  | (27,577 | ) |  | — |
Net cash used by investing activities | (203,832 | ) |  | (198,843 | ) |  | (12,576 | ) |  | (415,251 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities and senior unsecured notes | 840,000 |  |  | — |  |  | 14,360 |  |  | 854,360 |
Principal payments on debt | (496,000 | ) |  | (63,727 | ) |  | (27,382 | ) |  | (587,109 | )
Deferred financing fees paid | (3,020 | ) |  | — |  |  | (27 | ) |  | (3,047 | )
Costs associated with loan refinancing or payoff (cash portion) | — |  |  | — |  |  | (482 | ) |  | (482 | )
Net proceeds from issuance of common shares | 142,452 |  |  | — |  |  | — |  |  | 142,452 |
Impact of stock option exercises, net | (717 | ) |  | — |  |  | — |  |  | (717 | )
Purchase of common shares for treasury for vesting | (4,211 | ) |  | — |  |  | — |  |  | (4,211 | )
Dividends paid to shareholders | (198,678 | ) |  | — |  |  | — |  |  | (198,678 | )
Net cash provided (used) by financing activities | 279,826 |  |  | (63,727 | ) |  | (13,531 | ) |  | 202,568 |
Effect of exchange rate changes on cash | — |  |  | — |  |  | (62 | ) |  | (62 | )
Net increase (decrease) in cash and cash equivalents | 3,462 |  |  | (552 | ) |  | 118 |  |  | 3,028 |
Cash and cash equivalents at beginning of the period | 1,089 |  |  | 1,289 |  |  | 1,905 |  |  | 4,283 |
Cash and cash equivalents at end of the period | $ | 4,551 |  |  | $ | 737 |  |  | $ | 2,023 |  |  | $ | 7,311 |
Condensed Consolidating Statement Of Cash Flows |
Condensed Consolidating Statement of Cash Flows Nine Months Ended September 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 2,018 |  |  | $ | — |  |  | $ | (2,018 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | — |  |  | 7,297 |  |  | (7,297 | ) |  | — |
Net cash provided (used) by other operating activities | (74,550 | ) |  | 254,721 |  |  | 35,602 |  |  | 215,773 |
Net cash provided (used) by operating activities | (72,532 | ) |  | 262,018 |  |  | 26,287 |  |  | 215,773 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (180 | ) |  | (175,075 | ) |  | (2,107 | ) |  | (177,362 | )
Proceeds from sale of real estate | — |  |  | 19,175 |  |  | 1,476 |  |  | 20,651 |
Investment in mortgage notes receivable | — |  |  | (80,786 | ) |  | — |  |  | (80,786 | )
Proceeds from mortgage note receivable paydown | — |  |  | 44,556 |  |  | 19,320 |  |  | 63,876 |
Proceeds from sale of infrastructure related to issuance of revenue bonds | — |  |  | 43,462 |  |  | — |  |  | 43,462 |
Investment in promissory notes receivable | — |  |  | (66 | ) |  | — |  |  | (66 | )
Proceeds from insurance recovery | — |  |  | 2,635 |  |  | 401 |  |  | 3,036 |
Proceeds from sale of investments in a direct financing lease, net | — |  |  | 825 |  |  | — |  |  | 825 |
Additions to property under development | (181 | ) |  | (282,554 | ) |  | (6,152 | ) |  | (288,887 | )
Investment in intercompany notes payable | — |  |  | (2,063 | ) |  | 2,063 |  |  | — |
Advances to subsidiaries, net | (203,471 | ) |  | 231,048 |  |  | (27,577 | ) |  | — |
Net cash used by investing activities | (203,832 | ) |  | (198,843 | ) |  | (12,576 | ) |  | (415,251 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities and senior unsecured notes | 840,000 |  |  | — |  |  | 14,360 |  |  | 854,360 |
Principal payments on debt | (496,000 | ) |  | (63,727 | ) |  | (27,382 | ) |  | (587,109 | )
Deferred financing fees paid | (3,020 | ) |  | — |  |  | (27 | ) |  | (3,047 | )
Costs associated with loan refinancing or payoff (cash portion) | — |  |  | — |  |  | (482 | ) |  | (482 | )
Net proceeds from issuance of common shares | 142,452 |  |  | — |  |  | — |  |  | 142,452 |
Impact of stock option exercises, net | (717 | ) |  | — |  |  | — |  |  | (717 | )
Purchase of common shares for treasury for vesting | (4,211 | ) |  | — |  |  | — |  |  | (4,211 | )
Dividends paid to shareholders | (198,678 | ) |  | — |  |  | — |  |  | (198,678 | )
Net cash provided (used) by financing activities | 279,826 |  |  | (63,727 | ) |  | (13,531 | ) |  | 202,568 |
Effect of exchange rate changes on cash | — |  |  | — |  |  | (62 | ) |  | (62 | )
Net increase (decrease) in cash and cash equivalents | 3,462 |  |  | (552 | ) |  | 118 |  |  | 3,028 |
Cash and cash equivalents at beginning of the period | 1,089 |  |  | 1,289 |  |  | 1,905 |  |  | 4,283 |
Cash and cash equivalents at end of the period | $ | 4,551 |  |  | $ | 737 |  |  | $ | 2,023 |  |  | $ | 7,311 |
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 | ) |  | 235,839 |  |  | 32,012 |  |  | 184,308 |
Net cash provided (used) by operating activities of continuing operations | (81,370 | ) |  | 243,178 |  |  | 22,500 |  |  | 184,308 |
Net cash provided by operating activities of discontinued operations | — |  |  | 514 |  |  | — |  |  | 514 |
Net cash provided (used) by operating activities | (81,370 | ) |  | 243,692 |  |  | 22,500 |  |  | 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 note 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 | ) |  | (321,559 | ) |  | (3,295 | ) |  | (324,859 | )
Advances to subsidiaries, net | (374,011 | ) |  | 343,293 |  |  | 30,718 |  |  | — |
Net cash used by investing activities | (374,408 | ) |  | (81,339 | ) |  | (16,369 | ) |  | (472,116 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities | 648,914 |  |  | 155,000 |  |  | — |  |  | 803,914 |
Principal payments on debt | (89,000 | ) |  | (317,897 | ) |  | (6,172 | ) |  | (413,069 | )
Deferred financing fees paid | (6,944 | ) |  | (8 | ) |  | — |  |  | (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 for vesting | (8,222 | ) |  | — |  |  | — |  |  | (8,222 | )
Dividends paid to shareholders | (172,926 | ) |  | — |  |  | — |  |  | (172,926 | )
Net cash provided (used) by financing activities | 468,390 |  |  | (162,905 | ) |  | (6,172 | ) |  | 299,313 |
Effect of exchange rate changes on cash | — |  |  | (12 | ) |  | (729 | ) |  | (741 | )
Net increase (decrease) in cash and cash equivalents | 12,612 |  |  | (564 | ) |  | (770 | ) |  | 11,278 |
Cash and cash equivalents at beginning of the period | (1,234 | ) |  | 2,074 |  |  | 2,496 |  |  | 3,336 |
Cash and cash equivalents at end of the period | $ | 11,378 |  |  | $ | 1,510 |  |  | $ | 1,726 |  |  | $ | 14,614 |

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