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Condensed Consolidating Financial Statements (Tables) | 6 Months Ended
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Jun. 30, 2017
Condensed Consolidating Financial Statements [Abstract] |
Condensed Consolidating Balance Sheet |
Condensed Consolidating Balance Sheet As of June 30, 2017
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Rental properties, net | $ | — |  |  | $ | 3,394,620 |  |  | $ | 894,265 |  |  | $ | — |  |  | $ | 4,288,885 |
Land held for development | — |  |  | 12,400 |  |  | 21,272 |  |  | — |  |  | 33,672 |
Property under development | 2 |  |  | 227,534 |  |  | 44,156 |  |  | — |  |  | 271,692 |
Mortgage notes and related accrued interest receivable | — |  |  | 936,219 |  |  | 5,380 |  |  | — |  |  | 941,599 |
Investment in a direct financing lease, net | — |  |  | 93,307 |  |  | — |  |  | — |  |  | 93,307 |
Investment in joint ventures | — |  |  | — |  |  | 5,581 |  |  | — |  |  | 5,581 |
Cash and cash equivalents | 65,428 |  |  | 3,858 |  |  | 1,586 |  |  | — |  |  | 70,872 |
Restricted cash | 1,400 |  |  | 22,515 |  |  | 340 |  |  | — |  |  | 24,255 |
Accounts receivable, net | 710 |  |  | 93,920 |  |  | 11,850 |  |  | — |  |  | 106,480 |
Intercompany notes receivable | — |  |  | 179,589 |  |  | — |  |  | (179,589 | ) |  | — |
Investments in subsidiaries | 5,634,271 |  |  | — |  |  | — |  |  | (5,634,271 | ) |  | — |
Other assets | 22,804 |  |  | 23,861 |  |  | 55,878 |  |  | — |  |  | 102,543 |
Total assets | $ | 5,724,615 |  |  | $ | 4,987,823 |  |  | $ | 1,040,308 |  |  | $ | (5,813,860 | ) |  | $ | 5,938,886 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 61,349 |  |  | $ | 64,417 |  |  | $ | 16,760 |  |  | $ | — |  |  | $ | 142,526 |
Dividends payable | 30,996 |  |  | — |  |  | — |  |  | — |  |  | 30,996 |
Unearned rents and interest | — |  |  | 64,956 |  |  | 6,142 |  |  | — |  |  | 71,098 |
Intercompany notes payable | — |  |  | — |  |  | 179,589 |  |  | (179,589 | ) |  | — |
Debt | 2,730,924 |  |  | — |  |  | 61,996 |  |  | — |  |  | 2,792,920 |
Total liabilities | 2,823,269 |  |  | 129,373 |  |  | 264,487 |  |  | (179,589 | ) |  | 3,037,540 |
Total equity | 2,901,346 |  |  | 4,858,450 |  |  | 775,821 |  |  | (5,634,271 | ) |  | 2,901,346 |
Total liabilities and equity | $ | 5,724,615 |  |  | $ | 4,987,823 |  |  | $ | 1,040,308 |  |  | $ | (5,813,860 | ) |  | $ | 5,938,886 |
Condensed Consolidating Balance Sheet As of December 31, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Assets |  |  |  |  |  |  |  |  |
Rental properties, net | $ | — |  |  | $ | 3,164,622 |  |  | $ | 431,140 |  |  | $ | — |  |  | $ | 3,595,762 |
Land held for development | — |  |  | 1,258 |  |  | 21,272 |  |  | — |  |  | 22,530 |
Property under development | 1,010 |  |  | 247,239 |  |  | 48,861 |  |  | — |  |  | 297,110 |
Mortgage notes and related accrued interest receivable | — |  |  | 612,141 |  |  | 1,837 |  |  | — |  |  | 613,978 |
Investment in a direct financing lease, net | — |  |  | 102,698 |  |  | — |  |  | — |  |  | 102,698 |
Investment in joint ventures | — |  |  | — |  |  | 5,972 |  |  | — |  |  | 5,972 |
Cash and cash equivalents | 16,586 |  |  | 1,157 |  |  | 1,592 |  |  | — |  |  | 19,335 |
Restricted cash | 365 |  |  | 8,352 |  |  | 1,027 |  |  | — |  |  | 9,744 |
Accounts receivable, net | 556 |  |  | 89,145 |  |  | 9,238 |  |  | — |  |  | 98,939 |
Intercompany notes receivable | — |  |  | 179,589 |  |  | — |  |  | (179,589 | ) |  | — |
Investments in subsidiaries | 4,521,095 |  |  | — |  |  | — |  |  | (4,521,095 | ) |  | — |
Other assets | 21,768 |  |  | 23,068 |  |  | 54,118 |  |  | — |  |  | 98,954 |
Total assets | $ | 4,561,380 |  |  | $ | 4,429,269 |  |  | $ | 575,057 |  |  | $ | (4,700,684 | ) |  | $ | 4,865,022 |
Liabilities and Equity |  |  |  |  |  |  |  |  |
Liabilities: |  |  |  |  |  |  |  |  |
Accounts payable and accrued liabilities | $ | 63,431 |  |  | $ | 52,061 |  |  | $ | 4,266 |  |  | $ | — |  |  | $ | 119,758 |
Dividends payable | 26,318 |  |  | — |  |  | — |  |  | — |  |  | 26,318 |
Unearned rents and interest | — |  |  | 46,647 |  |  | 773 |  |  | — |  |  | 47,420 |
Intercompany notes payable | — |  |  | — |  |  | 179,589 |  |  | (179,589 | ) |  | — |
Debt | 2,285,730 |  |  | — |  |  | 199,895 |  |  | — |  |  | 2,485,625 |
Total liabilities | 2,375,479 |  |  | 98,708 |  |  | 384,523 |  |  | (179,589 | ) |  | 2,679,121 |
Total equity | 2,185,901 |  |  | 4,330,561 |  |  | 190,534 |  |  | (4,521,095 | ) |  | 2,185,901 |
Total liabilities and equity | $ | 4,561,380 |  |  | $ | 4,429,269 |  |  | $ | 575,057 |  |  | $ | (4,700,684 | ) |  | $ | 4,865,022 |
Condensed Consolidating Statement Of Income |
Condensed Consolidating Statement of Income Three Months Ended June 30, 2017
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 95,048 |  |  | $ | 24,421 |  |  | $ | — |  |  | $ | 119,469 |
Tenant reimbursements | — |  |  | 1,440 |  |  | 2,501 |  |  | — |  |  | 3,941 |
Other income | — |  |  | 607 |  |  | 697 |  |  | — |  |  | 1,304 |
Mortgage and other financing income | 232 |  |  | 22,771 |  |  | 65 |  |  | — |  |  | 23,068 |
Intercompany fee income | 678 |  |  | — |  |  | — |  |  | (678 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 2,411 |  |  | — |  |  | (2,411 | ) |  | — |
Total revenue | 910 |  |  | 122,277 |  |  | 27,684 |  |  | (3,089 | ) |  | 147,782 |
Equity in subsidiaries’ earnings | 115,062 |  |  | — |  |  | — |  |  | (115,062 | ) |  | — |
Property operating expense | — |  |  | 3,060 |  |  | 3,012 |  |  | — |  |  | 6,072 |
Intercompany fee expense | — |  |  | — |  |  | 678 |  |  | (678 | ) |  | — |
General and administrative expense | — |  |  | 8,688 |  |  | 1,972 |  |  | — |  |  | 10,660 |
Costs associated with loan refinancing or payoff | — |  |  | — |  |  | 9 |  |  | — |  |  | 9 |
Gain on early extinguishment of debt | — |  |  | — |  |  | (977 | ) |  | — |  |  | (977 | )
Interest expense, net | 34,602 |  |  | (2,461 | ) |  | 826 |  |  | — |  |  | 32,967 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 2,411 |  |  | (2,411 | ) |  | — |
Transaction costs | 218 |  |  | — |  |  | — |  |  | — |  |  | 218 |
Impairment charges | — |  |  | 10,195 |  |  | — |  |  | — |  |  | 10,195 |
Depreciation and amortization | 237 |  |  | 25,236 |  |  | 7,675 |  |  | — |  |  | 33,148 |
Income before equity in income from joint ventures and other items | 80,915 |  |  | 77,559 |  |  | 12,078 |  |  | (115,062 | ) |  | 55,490 |
Equity in income from joint ventures | — |  |  | — |  |  | 59 |  |  | — |  |  | 59 |
Gain on sale of real estate | — |  |  | 24,343 |  |  | 1,118 |  |  | — |  |  | 25,461 |
Income before income taxes | 80,915 |  |  | 101,902 |  |  | 13,255 |  |  | (115,062 | ) |  | 81,010 |
Income tax expense | (380 | ) |  | — |  |  | (95 | ) |  | — |  |  | (475 | )
Net income | 80,535 |  |  | 101,902 |  |  | 13,160 |  |  | (115,062 | ) |  | 80,535 |
Preferred dividend requirements | (5,952 | ) |  | — |  |  | — |  |  | — |  |  | (5,952 | )
Net income available to common shareholders of EPR Properties | $ | 74,583 |  |  | $ | 101,902 |  |  | $ | 13,160 |  |  | $ | (115,062 | ) |  | $ | 74,583 |
Comprehensive income | $ | 81,627 |  |  | $ | 101,902 |  |  | $ | 13,635 |  |  | $ | (115,537 | ) |  | $ | 81,627 |
Condensed Consolidating Statement of Income Three Months Ended June 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 82,393 |  |  | $ | 13,662 |  |  | $ | — |  |  | $ | 96,055 |
Tenant reimbursements | — |  |  | 1,372 |  |  | 2,519 |  |  | — |  |  | 3,891 |
Other income | — |  |  | 1,329 |  |  | 797 |  |  | — |  |  | 2,126 |
Mortgage and other financing income | 212 |  |  | 15,659 |  |  | 90 |  |  | — |  |  | 15,961 |
Intercompany fee income | 688 |  |  | — |  |  | — |  |  | (688 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 2,500 |  |  | — |  |  | (2,500 | ) |  | — |
Total revenue | 900 |  |  | 103,253 |  |  | 17,068 |  |  | (3,188 | ) |  | 118,033 |
Equity in subsidiaries’ earnings | 78,883 |  |  | — |  |  | — |  |  | (78,883 | ) |  | — |
Property operating expense | — |  |  | 2,555 |  |  | 3,025 |  |  | — |  |  | 5,580 |
Intercompany fee expense | — |  |  | — |  |  | 688 |  |  | (688 | ) |  | — |
Other expense | — |  |  | — |  |  | — |  |  | — |  |  | — |
General and administrative expense | — |  |  | 7,718 |  |  | 1,282 |  |  | — |  |  | 9,000 |
Costs associated with loan refinancing or payoff | — |  |  | 339 |  |  | — |  |  | — |  |  | 339 |
Interest expense, net | 22,437 |  |  | (1,954 | ) |  | 2,273 |  |  | — |  |  | 22,756 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 2,500 |  |  | (2,500 | ) |  | — |
Transaction costs | 1,394 |  |  | — |  |  | 96 |  |  | — |  |  | 1,490 |
Depreciation and amortization | 446 |  |  | 21,674 |  |  | 3,546 |  |  | — |  |  | 25,666 |
Income before equity in income from joint ventures and other items | 55,506 |  |  | 72,921 |  |  | 3,658 |  |  | (78,883 | ) |  | 53,202 |
Equity in income from joint ventures | — |  |  | — |  |  | 86 |  |  | — |  |  | 86 |
Gain on sale of real estate | — |  |  | 2,270 |  |  | — |  |  | — |  |  | 2,270 |
Income before income taxes | 55,506 |  |  | 75,191 |  |  | 3,744 |  |  | (78,883 | ) |  | 55,558 |
Income tax expense | (371 | ) |  | — |  |  | (52 | ) |  | — |  |  | (423 | )
Net income | 55,135 |  |  | 75,191 |  |  | 3,692 |  |  | (78,883 | ) |  | 55,135 |
Preferred dividend requirements | (5,952 | ) |  | — |  |  | — |  |  | — |  |  | (5,952 | )
Net income available to common shareholders of EPR Properties | $ | 49,183 |  |  | $ | 75,191 |  |  | $ | 3,692 |  |  | $ | (78,883 | ) |  | $ | 49,183 |
Comprehensive income | $ | 54,912 |  |  | $ | 75,191 |  |  | $ | 3,900 |  |  | $ | (79,091 | ) |  | $ | 54,912 |
Condensed Consolidating Statement of Income Six Months Ended June 30, 2017
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 188,579 |  |  | $ | 37,927 |  |  | $ | — |  |  | $ | 226,506 |
Tenant reimbursements | — |  |  | 2,681 |  |  | 5,009 |  |  | — |  |  | 7,690 |
Other income | — |  |  | 613 |  |  | 1,383 |  |  | — |  |  | 1,996 |
Mortgage and other financing income | 464 |  |  | 40,143 |  |  | 95 |  |  | — |  |  | 40,702 |
Intercompany fee income | 1,362 |  |  | — |  |  | — |  |  | (1,362 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 4,855 |  |  | — |  |  | (4,855 | ) |  | — |
Total revenue | 1,826 |  |  | 236,871 |  |  | 44,414 |  |  | (6,217 | ) |  | 276,894 |
Equity in subsidiaries’ earnings | 200,104 |  |  | — |  |  | — |  |  | (200,104 | ) |  | — |
Property operating expense | — |  |  | 6,322 |  |  | 6,100 |  |  | — |  |  | 12,422 |
Intercompany fee expense | — |  |  | — |  |  | 1,362 |  |  | (1,362 | ) |  | — |
General and administrative expense | — |  |  | 18,278 |  |  | 3,439 |  |  | — |  |  | 21,717 |
Costs associated with loan refinancing or payoff | — |  |  | — |  |  | 14 |  |  | — |  |  | 14 |
Gain on early extinguishment of debt | — |  |  | — |  |  | (977 | ) |  | — |  |  | (977 | )
Interest expense, net | 66,060 |  |  | (5,114 | ) |  | 2,713 |  |  | — |  |  | 63,659 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 4,855 |  |  | (4,855 | ) |  | — |
Transaction costs | 275 |  |  | — |  |  | — |  |  | — |  |  | 275 |
Impairment charges | — |  |  | 10,195 |  |  | — |  |  | — |  |  | 10,195 |
Depreciation and amortization | 430 |  |  | 49,961 |  |  | 10,834 |  |  | — |  |  | 61,225 |
Income before equity in income from joint ventures and other items | 135,165 |  |  | 157,229 |  |  | 16,074 |  |  | (200,104 | ) |  | 108,364 |
Equity in income from joint ventures | — |  |  | — |  |  | 51 |  |  | — |  |  | 51 |
Gain on sale of real estate | — |  |  | 26,347 |  |  | 1,118 |  |  | — |  |  | 27,465 |
Income before income taxes | 135,165 |  |  | 183,576 |  |  | 17,243 |  |  | (200,104 | ) |  | 135,880 |
Income tax expense | (714 | ) |  | — |  |  | (715 | ) |  | — |  |  | (1,429 | )
Net income | 134,451 |  |  | 183,576 |  |  | 16,528 |  |  | (200,104 | ) |  | 134,451 |
Preferred dividend requirements | (11,904 | ) |  | — |  |  | — |  |  | — |  |  | (11,904 | )
Net income available to common shareholders of EPR Properties | $ | 122,547 |  |  | $ | 183,576 |  |  | $ | 16,528 |  |  | $ | (200,104 | ) |  | $ | 122,547 |
Comprehensive income | $ | 136,415 |  |  | $ | 183,576 |  |  | $ | 16,299 |  |  | $ | (199,875 | ) |  | $ | 136,415 |
Condensed Consolidating Statement of Income Six Months Ended June 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non- Guarantor Subsidiaries |  | Consolidated Elimination |  | Consolidated
Rental revenue | $ | — |  |  | $ | 162,722 |  |  | $ | 27,111 |  |  | $ | — |  |  | $ | 189,833 |
Tenant reimbursements | — |  |  | 2,721 |  |  | 5,035 |  |  | — |  |  | 7,756 |
Other income | — |  |  | 1,820 |  |  | 1,516 |  |  | — |  |  | 3,336 |
Mortgage and other financing income | 424 |  |  | 31,678 |  |  | 3,774 |  |  | — |  |  | 35,876 |
Intercompany fee income | 1,341 |  |  | — |  |  | — |  |  | (1,341 | ) |  | — |
Interest income on intercompany notes receivable | — |  |  | 4,836 |  |  | — |  |  | (4,836 | ) |  | — |
Total revenue | 1,765 |  |  | 203,777 |  |  | 37,436 |  |  | (6,177 | ) |  | 236,801 |
Equity in subsidiaries’ earnings | 155,670 |  |  | — |  |  | — |  |  | (155,670 | ) |  | — |
Property operating expense | — |  |  | 5,218 |  |  | 5,843 |  |  | — |  |  | 11,061 |
Intercompany fee expense | — |  |  | — |  |  | 1,341 |  |  | (1,341 | ) |  | — |
Other expense | — |  |  | — |  |  | 5 |  |  | — |  |  | 5 |
General and administrative expense | — |  |  | 15,378 |  |  | 2,840 |  |  | — |  |  | 18,218 |
Costs associated with loan refinancing or payoff | — |  |  | 339 |  |  | 552 |  |  | — |  |  | 891 |
Interest expense, net | 44,627 |  |  | (3,200 | ) |  | 4,618 |  |  | — |  |  | 46,045 |
Interest expense on intercompany notes payable | — |  |  | — |  |  | 4,836 |  |  | (4,836 | ) |  | — |
Transaction costs | 1,837 |  |  | — |  |  | 97 |  |  | — |  |  | 1,934 |
Depreciation and amortization | 889 |  |  | 43,748 |  |  | 6,984 |  |  | — |  |  | 51,621 |
Income before equity in income from joint ventures and other items | 110,082 |  |  | 142,294 |  |  | 10,320 |  |  | (155,670 | ) |  | 107,026 |
Equity in income from joint ventures | — |  |  | — |  |  | 298 |  |  | — |  |  | 298 |
Gain on sale of real estate | — |  |  | 2,270 |  |  | — |  |  | — |  |  | 2,270 |
Income before income taxes | 110,082 |  |  | 144,564 |  |  | 10,618 |  |  | (155,670 | ) |  | 109,594 |
Income tax (expense) benefit | (767 | ) |  | — |  |  | 488 |  |  | — |  |  | (279 | )
Net income | 109,315 |  |  | 144,564 |  |  | 11,106 |  |  | (155,670 | ) |  | 109,315 |
Preferred dividend requirements | (11,904 | ) |  | — |  |  | — |  |  | — |  |  | (11,904 | )
Net income available to common shareholders of EPR Properties | $ | 97,411 |  |  | $ | 144,564 |  |  | $ | 11,106 |  |  | $ | (155,670 | ) |  | $ | 97,411 |
Comprehensive income | $ | 107,178 |  |  | $ | 144,564 |  |  | $ | 12,943 |  |  | $ | (157,507 | ) |  | $ | 107,178 |
Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2017
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 1,362 |  |  | $ | — |  |  | $ | (1,362 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | — |  |  | 4,855 |  |  | (4,855 | ) |  | — |
Net cash (used) provided by other operating activities | (58,920 | ) |  | 211,488 |  |  | 27,702 |  |  | 180,270 |
Net cash (used) provided by operating activities | (57,558 | ) |  | 216,343 |  |  | 21,485 |  |  | 180,270 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (942 | ) |  | (141,528 | ) |  | (54,627 | ) |  | (197,097 | )
Proceeds from sale of real estate | 203 |  |  | 101,281 |  |  | 29,242 |  |  | 130,726 |
Investment in mortgage notes receivable | — |  |  | (97,958 | ) |  | (3,763 | ) |  | (101,721 | )
Proceeds from mortgage note receivable paydown | — |  |  | 15,610 |  |  | — |  |  | 15,610 |
Investment in promissory notes receivable | — |  |  | (1,387 | ) |  | — |  |  | (1,387 | )
Proceeds from promissory notes receivable paydown | — |  |  | 1,599 |  |  | — |  |  | 1,599 |
Additions to property under development | (727 | ) |  | (186,284 | ) |  | (9,343 | ) |  | (196,354 | )
Advances to subsidiaries, net | (248,870 | ) |  | 95,025 |  |  | 153,845 |  |  | — |
Net cash (used) provided by investing activities | (250,336 | ) |  | (213,642 | ) |  | 115,354 |  |  | (348,624 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities and senior unsecured notes | 915,000 |  |  | — |  |  | — |  |  | 915,000 |
Principal payments on debt | (465,000 | ) |  | — |  |  | (136,962 | ) |  | (601,962 | )
Deferred financing fees paid | (7,042 | ) |  | — |  |  | — |  |  | (7,042 | )
Costs associated with loan refinancing or payoff (cash portion) | — |  |  | — |  |  | (6 | ) |  | (6 | )
Net proceeds from issuance of common shares | 68,352 |  |  | — |  |  | — |  |  | 68,352 |
Purchase of common shares for treasury for vesting | (6,729 | ) |  | — |  |  | — |  |  | (6,729 | )
Dividends paid to shareholders | (147,845 | ) |  | — |  |  | — |  |  | (147,845 | )
Net cash provided (used) by financing activities | 356,736 |  |  | — |  |  | (136,968 | ) |  | 219,768 |
Effect of exchange rate changes on cash | — |  |  | — |  |  | 123 |  |  | 123 |
Net increase (decrease) in cash and cash equivalents | 48,842 |  |  | 2,701 |  |  | (6 | ) |  | 51,537 |
Cash and cash equivalents at beginning of the period | 16,586 |  |  | 1,157 |  |  | 1,592 |  |  | 19,335 |
Cash and cash equivalents at end of the period | $ | 65,428 |  |  | $ | 3,858 |  |  | $ | 1,586 |  |  | $ | 70,872 |
Condensed Consolidating Statement Of Cash Flows |
Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2017
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 1,362 |  |  | $ | — |  |  | $ | (1,362 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | — |  |  | 4,855 |  |  | (4,855 | ) |  | — |
Net cash (used) provided by other operating activities | (58,920 | ) |  | 211,488 |  |  | 27,702 |  |  | 180,270 |
Net cash (used) provided by operating activities | (57,558 | ) |  | 216,343 |  |  | 21,485 |  |  | 180,270 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (942 | ) |  | (141,528 | ) |  | (54,627 | ) |  | (197,097 | )
Proceeds from sale of real estate | 203 |  |  | 101,281 |  |  | 29,242 |  |  | 130,726 |
Investment in mortgage notes receivable | — |  |  | (97,958 | ) |  | (3,763 | ) |  | (101,721 | )
Proceeds from mortgage note receivable paydown | — |  |  | 15,610 |  |  | — |  |  | 15,610 |
Investment in promissory notes receivable | — |  |  | (1,387 | ) |  | — |  |  | (1,387 | )
Proceeds from promissory notes receivable paydown | — |  |  | 1,599 |  |  | — |  |  | 1,599 |
Additions to property under development | (727 | ) |  | (186,284 | ) |  | (9,343 | ) |  | (196,354 | )
Advances to subsidiaries, net | (248,870 | ) |  | 95,025 |  |  | 153,845 |  |  | — |
Net cash (used) provided by investing activities | (250,336 | ) |  | (213,642 | ) |  | 115,354 |  |  | (348,624 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities and senior unsecured notes | 915,000 |  |  | — |  |  | — |  |  | 915,000 |
Principal payments on debt | (465,000 | ) |  | — |  |  | (136,962 | ) |  | (601,962 | )
Deferred financing fees paid | (7,042 | ) |  | — |  |  | — |  |  | (7,042 | )
Costs associated with loan refinancing or payoff (cash portion) | — |  |  | — |  |  | (6 | ) |  | (6 | )
Net proceeds from issuance of common shares | 68,352 |  |  | — |  |  | — |  |  | 68,352 |
Purchase of common shares for treasury for vesting | (6,729 | ) |  | — |  |  | — |  |  | (6,729 | )
Dividends paid to shareholders | (147,845 | ) |  | — |  |  | — |  |  | (147,845 | )
Net cash provided (used) by financing activities | 356,736 |  |  | — |  |  | (136,968 | ) |  | 219,768 |
Effect of exchange rate changes on cash | — |  |  | — |  |  | 123 |  |  | 123 |
Net increase (decrease) in cash and cash equivalents | 48,842 |  |  | 2,701 |  |  | (6 | ) |  | 51,537 |
Cash and cash equivalents at beginning of the period | 16,586 |  |  | 1,157 |  |  | 1,592 |  |  | 19,335 |
Cash and cash equivalents at end of the period | $ | 65,428 |  |  | $ | 3,858 |  |  | $ | 1,586 |  |  | $ | 70,872 |
Condensed Consolidating Statement of Cash Flows Six Months Ended June 30, 2016
| EPR Properties (Issuer) |  | Wholly Owned Subsidiary Guarantors |  | Non-Guarantor Subsidiaries |  | Consolidated
Intercompany fee income (expense) | $ | 1,341 |  |  | $ | — |  |  | $ | (1,341 | ) |  | $ | — |
Interest income (expense) on intercompany receivable/payable | — |  |  | 4,836 |  |  | (4,836 | ) |  | — |
Net cash (used) provided by other operating activities | (43,623 | ) |  | 171,721 |  |  | 24,434 |  |  | 152,532 |
Net cash (used) provided by operating activities | (42,282 | ) |  | 176,557 |  |  | 18,257 |  |  | 152,532 |
Investing activities: |  |  |  |  |  |  |
Acquisition of rental properties and other assets | (107 | ) |  | (138,578 | ) |  | (103 | ) |  | (138,788 | )
Proceeds from sale of real estate | — |  |  | 11,652 |  |  | 1,477 |  |  | 13,129 |
Investment in mortgage note receivable | — |  |  | (65,508 | ) |  | — |  |  | (65,508 | )
Proceeds from mortgage note receivable paydown | — |  |  | 44,365 |  |  | 19,320 |  |  | 63,685 |
Proceeds from sale of infrastructure related to issuance of revenue bonds | — |  |  | 43,462 |  |  | — |  |  | 43,462 |
Proceeds from insurance recovery | — |  |  | 1,810 |  |  | 401 |  |  | 2,211 |
Proceeds from sale of investments in a direct financing lease, net | — |  |  | 825 |  |  | — |  |  | 825 |
Additions to property under development | (25 | ) |  | (184,213 | ) |  | (2,978 | ) |  | (187,216 | )
Advances to subsidiaries, net | (110,593 | ) |  | 134,876 |  |  | (24,283 | ) |  | — |
Net cash used by investing activities | (110,725 | ) |  | (151,309 | ) |  | (6,166 | ) |  | (268,200 | )
Financing activities: |  |  |  |  |  |  |
Proceeds from debt facilities | 318,000 |  |  | — |  |  | — |  |  | 318,000 |
Principal payments on debt | (167,000 | ) |  | (25,455 | ) |  | (10,661 | ) |  | (203,116 | )
Deferred financing fees paid | (161 | ) |  | — |  |  | (8 | ) |  | (169 | )
Costs associated with loan refinancing or payoff (cash portion) | — |  |  | — |  |  | (472 | ) |  | (472 | )
Net proceeds from issuance of common shares | 142,279 |  |  | — |  |  | — |  |  | 142,279 |
Impact of stock option exercises, net | (717 | ) |  | — |  |  | — |  |  | (717 | )
Purchase of common shares for treasury for vesting | (4,208 | ) |  | — |  |  | — |  |  | (4,208 | )
Dividends paid to shareholders | (131,701 | ) |  | — |  |  | — |  |  | (131,701 | )
Net cash provided (used) by financing activities | 156,492 |  |  | (25,455 | ) |  | (11,141 | ) |  | 119,896 |
Effect of exchange rate changes on cash | — |  |  | — |  |  | (49 | ) |  | (49 | )
Net increase (decrease) in cash and cash equivalents | 3,485 |  |  | (207 | ) |  | 901 |  |  | 4,179 |
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 | $ | 4,574 |  |  | $ | 1,082 |  |  | $ | 2,806 |  |  | $ | 8,462 |

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