Mobile IR SiteSocial media sharingEmail pagePDF viewPrint viewRSS FeedsEmail AlertTear sheet

Cash Flow Statement

Mobile IR SiteSocial media sharingEmail pagePDF viewPrint viewRSS FeedsEmail AlertTear sheet
All references to earnings per share are diluted earnings per share.
 2013 Y2014 Y2015 Y2016 Y
Source Document12/31/2015 12/31/2016 12/31/2016 12/31/2016 
(in thousands)    
Net income 57,81573,39973,08185,115
Adjustments to reconcile net income to net cash provided by operating activities 
Depreciation and amortization 24,70625,52929,43135,932
Stock-based compensation expense 2,5913,2534,0064,280
Impairment on real estate 002,250766
Gain on sale of assets, net (1,605)(4,959)(586)(3,582)
Income from unconsolidated joint ventures 00(1,819)(1,138)
Income distributions from unconsolidated joint ventures 005521,695
Straight-line rental income (3,955)(3,002)(10,136)(13,477)
Amortization of lease incentive 6608411,6801,945
Provision for doubtful accounts 2,18032619457
Non-cash interest related to contingent liabilities 25618409684
Other non-cash items, net 7267799851,216
(Increase) decrease in interest receivable 87105(3,939)(5,147)
Increase in accrued interest payable 145132418701
Net change in other assets and liabilities 3,519(365)5,390(3,739)
Net cash provided by operating activities 87,12595,762102,341105,708
Investment in real estate properties (19,040)(11,650)(206,340)(74,923)
Investment in real estate developments (23,605)(34,135)(25,929)(42,342)
Investment in real estate capital improvements (6,992)(13,967)(7,534)(6,792)
Capitalized interest (932)(1,506)(827)(1,408)
Proceeds from sale of real estate, net 11,00133,5931,53717,369
Investment in real estate mortgage loans receivable (129,358)(9,374)(67,134)(20,685)
Principal payments received on mortgage loans receivable 1,9339,1554,8088,278
Investments in unconsolidated joint ventures 00(23,042)(1,770)
Payment of working capital reserve 00(805)(2,756)
Advances and originations under notes receivable (1,004)(1,263)(1,554)(14,969)
Principal payments received on notes receivable 3,1101130100
Net cash used in investing activities (164,887)(29,034)(326,820)(139,898)
Bank borrowings 93,00037,500291,000123,600
Repayment of bank borrowings (187,500)(58,500)(170,500)(137,000)
Proceeds from issuance of senior unsecured notes 70,00030,000200,00077,500
Principal payments on senior unsecured notes 0(4,167)(29,167)(26,667)
Principal payments on bonds payable (600)(2,035)00
Payment of earn-out liabilities (7,000)NANANA
Proceeds from common stock issued 176,26024,644078,592
Stock option exercises 5231,07179159
Distributions paid to stockholders (66,904)(74,431)(76,765)(84,568)
Distributions paid to non-controlling interests (7)NANANA
Financing costs paid (171)(2,132)(1,178)(147)
Other (252)(219)(1,285)(2,230)
Net cash provided by (used in) financing activities 77,349(48,269)212,18429,239
(Decrease) increase in cash and cash equivalents (413)18,459(12,295)(4,951)
Cash and cash equivalents, beginning of period 7,1916,77825,23712,942
Cash and cash equivalents, end of period 6,77825,23712,9427,991
Supplemental disclosure of cash flow information 
Interest paid 10,46612,18816,07824,490

Data shown on this page is extracted directly from the company's documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company's presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.

Copyright 2017, © SNL Financial LC  Terms of Use