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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income $ 63,941 $ 105,462
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 53,577 61,499
Amortization of debt issuance costs, debt discounts and prepaids 3,216 3,281
Amortization of commitment fees and note receivable discounts (802) (645)
Amortization of lease incentives 7,477 774
Straight-line rent adjustments 11,360 (12,189)
Non-cash interest income on mortgage and other notes receivable (3,256) (1,351)
Non-cash lease deposit liability recognized as rental income (8,838) 0
Gains on sales of real estate, net (28,342) (26,426)
Gain on note payoff (1,113) 0
(Gains) losses from equity method investment (569) 2,274
Loss on operations transfer, net 710 0
Loss on early retirement of debt 151 451
Loan and realty losses 39,951 23,596
Payment of lease incentives 0 (1,042)
Non-cash share-based compensation 7,576 7,427
Changes in operating assets and liabilities:    
Other assets (4,213) (3,138)
Accounts payable and accrued expenses (2,555) (2,591)
Deferred income 712 119
Net cash provided by operating activities 138,983 157,501
Cash flows from investing activities:    
Investments in mortgage and other notes receivable (30,820) (54,887)
Collections of mortgage and other notes receivable 117,973 64,509
Acquisition of real estate (4,876) (46,817)
Proceeds from sales of real estate 168,957 203,147
Investments in renovations of existing real estate (4,132) (3,006)
Investments in equipment (528) (64)
Distributions from equity method investment 569 476
Net cash provided by investing activities 247,143 163,358
Cash flows from financing activities:    
Proceeds from revolving credit facility 165,000 95,000
Payments on revolving credit facility (155,000) (393,000)
Payments on term loans (135,290) (250,277)
Proceeds from issuance of senior notes 0 396,784
Debt issuance costs (4,607) (5,018)
Equity issuance costs (21) 0
Proceeds from issuance of common shares, net 0 47,904
Distributions to noncontrolling interests (757) (692)
Convertible note redemption 0 (66,076)
Dividends paid to stockholders (122,721) (141,632)
Taxes remitted on employee stock awards (288) 0
Proceeds from redeemable noncontrolling interests 11,738 0
Payments to repurchase shares of common stock (151,951) 0
Net cash used in financing activities (393,897) (317,007)
(Decrease) increase in cash and cash equivalents and restricted cash (7,771) 3,852
Cash and cash equivalents and restricted cash, beginning of period 39,485 46,343
Cash and cash equivalents and restricted cash, end of period 31,714 50,195
Supplemental disclosure of cash flow information:    
Interest paid, net of amounts capitalized 33,927 34,991
Supplemental disclosure of non-cash investing and financing activities:    
Real estate acquired in exchange for mortgage notes receivable 9,071 0
Change in other assets related to sales of real estate 102 12,814
Change in accounts payable related to investments in real estate construction 0 (112)
Change in accounts payable related to renovations of existing real estate 208 0
Change in accounts payable related to distributions to noncontrolling interests 6 5
Change in accounts payable related to equity issuance cost 64 0
Operating equipment received in transfer of operations 1,287 0
Increase in accounts payable related to transfer of operations $ 300 $ 0