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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income $ 23,604 $ 12,555
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 30,819 31,892
Amortization of intangibles 31,568 27,416
Amortization of deferred financing costs 2,919 2,400
Amortization of mortgage discounts and premiums, net 202 530
Amortization of below-market lease liabilities (2,006) (1,807)
Amortization of above-market lease assets 2,220 2,371
Amortization of above- and below- market ground lease assets 467 488
Bad debt expense 136 104
Unbilled straight-line rent (3,557) (3,336)
Equity-based compensation 4,538 (855)
Unrealized loss (gain) on foreign currency transactions, derivatives, and other (3) (3,706)
Unrealized loss on undesignated foreign currency advances and other hedge ineffectiveness 76 90
Payments for settlement of derivatives (1,773) 0
Loss on extinguishment of debt 765 1,285
(Gain) loss on disposition of real estate investments (7,815) 3,818
Changes in operating assets and liabilities, net:    
Prepaid expenses and other assets (3,523) (7,358)
Deferred tax assets 5 23
Accounts payable and accrued expenses (10,592) 7,800
Prepaid rent 4,896 (1,845)
Deferred tax liability (87) (350)
Taxes payable (1,615) (542)
Net cash provided by operating activities 71,244 70,973
Cash flows from investing activities:    
Investment in real estate and real estate related assets (210,991) (161,786)
Deposits for real estate acquisitions (2,270) (24,551)
Capital expenditures (12,146) (546)
Proceeds from dispositions of real estate investments 89,916 19,376
Payments for settlement of derivatives 0 (561)
Net cash used in investing activities (135,491) (168,068)
Cash flows from financing activities:    
Borrowings under revolving credit facilities 116,000 192,000
Repayments on revolving credit facilities (220,000) (30,000)
Proceeds from mortgage notes payable 375,369 32,750
Payments on mortgage notes payable (213,192) (25,362)
Proceeds from issuance of common stock, net 150,586 (72)
Proceeds from issuance of preferred stock, net 13,512 (219)
Payments of financing costs (5,768) (1,285)
Dividends paid on Common Stock (58,153) (71,661)
Dividends paid on Preferred Stock (4,940) (4,906)
Distributions to non-controlling interest holders (270) (158)
Net cash provided by financing activities 153,144 91,087
Net change in cash, cash equivalents and restricted cash 88,897 (6,008)
Effect of exchange rate changes on cash (915) (5,520)
Cash, cash equivalents and restricted cash, beginning of period 103,693 107,727
Cash, cash equivalents and restricted cash, end of period 191,675 96,199
Cash, cash equivalents and restricted cash, end of period 103,693 107,727
Supplemental Disclosures:    
Cash paid for interest 30,668 24,981
Cash paid for income taxes $ 3,641 $ 2,812