Financial Information

As Reported Financials

Document Name As Of Date Currency Code (in thousands)	2016 Y 10-K 12/31/2016 USD	2017 Y 10-K 12/31/2017 USD	2018 Y 10-K 12/31/2018 USD	2019 Y 10-K 12/31/2019 USD	2020 Q2 YTD 10-Q 6/30/2020 USD
Document Name As Of Date Currency Code	2016 Y 10-K 12/31/2016 USD	2017 Y 10-K 12/31/2017 USD	2018 Y 10-K 12/31/2018 USD	2019 Y 10-K 12/31/2019 USD	2020 Q2 YTD 10-Q 6/30/2020 USD
Operating activities
Net income	123,325	162,038	216,970	284,975	103,260
Adjustments to net income
Depreciation and amortization	119,618	150,279	181,826	221,975	119,634
Amortization of deferred financing costs and other noncash interest expense	7,267	9,978	9,549	9,689	4,228
Amortization of equity-based compensation	7,022	7,931	8,608	11,703	(1,099)
Provisions for impairment	1,720	13,440	7,810	18,751	8,200
Net gain on dispositions of real estate	(13,296)	(39,609)	(45,528)	(84,142)	(3,277)
Loss on defeasance of debt	0	0	(814)	735	0
Noncash revenue and other	54	3,733	2,291	(1,865)	(41,935)
Payments made in settlement of cash flow hedges	0	0	4,288	(6,735)	0
Changes in operating assets and liabilities
Other assets	(5,340)	(4,126)	(4,926)	(5,608)	(6,227)
Accrued expenses, deferred revenue and other liabilities	5,934	5,761	11,604	8,856	1,054
Net cash provided by operating activities	246,304	309,425	391,678	458,334	183,838
Investing activities
Acquisition of and additions to real estate	(1,153,141)	(1,335,305)	(1,514,718)	(1,451,269)	(322,963)
Investment in loans and financing receivables	(44,297)	(35,229)	(88,088)	(253,552)	(58,015)
Collections of principal on loans and financing receivables	5,680	29,770	5,205	16,377	6,392
Proceeds from dispositions of real estate	61,385	239,893	230,563	438,631	60,671
Net cash used in investing activities	(1,130,373)	(1,100,871)	(1,367,038)	(1,249,813)	(313,915)
Financing activities
Borrowings under credit facility	599,000	642,000	988,000	822,100	600,000
Repayments under credit facility	(551,000)	(400,000)	(1,143,000)	(957,100)	0
Borrowings under unsecured notes and term loans payable	300,000	100,000	348,303	347,410	0
Borrowings under non-recourse debt obligations of consolidated special purpose entities	264,894	134,961	591,843	549,596	0
Repayments under non-recourse debt obligations of consolidated special purpose entities	(29,115)	(237,998)	(283,770)	(228,252)	(17,809)
Financing and defeasance costs paid	(8,912)	(2,764)	(15,521)	(12,206)	(84)
Proceeds from the issuance of common stock	478,704	754,357	753,918	659,943	329,210
Stock issuance costs paid	(15,437)	(11,834)	(12,167)	(9,459)	(3,775)
Shares repurchased under stock compensation plans	(1,719)	(1,346)	(2,835)	(5,032)	(5,085)
Dividends paid	(162,618)	(209,918)	(255,572)	(307,157)	(170,464)
Net cash provided by financing activities	873,797	767,458	969,199	859,843	731,993
Net increase (decrease) in cash, cash equivalents and restricted cash	(10,272)	(23,988)	(6,161)	68,364	601,916
Cash, cash equivalents and restricted cash, beginning of period	83,438	73,166	49,178	43,017	111,381
Cash, cash equivalents and restricted cash, end of period	73,166	49,178	43,017	111,381	713,297
Reconciliation of cash, cash equivalents and restricted cash
Cash and cash equivalents	54,200	42,937	27,511	99,753	699,165
Restricted cash included in other assets	18,966	6,241	15,506	11,628	14,132
Total cash, cash equivalents and restricted cash	73,166	49,178	43,017	111,381	713,297
Supplemental disclosure of noncash investing and financing activities
Accrued tenant improvements included in real estate investments	23,911	25,884	34,769	17,464	19,169
Net real estate assets surrendered to lender	0	0	12,573	0	NA
Seller financing provided to purchasers of real estate sold	17,479	0	0	9,000	3,176
Acquisition of collateral property securing a mortgage note receivable	0	2,000	0	13,574	16,086
Non-recourse debt obligation assumed by purchaser of real estate	0	0	20,845	0	NA
Non-recourse debt forgiven by lender in exchange for collateral assets	0	0	12,874	0	NA
Accrued financing and stock issuance costs	105	101	211	80	50
Supplemental disclosure of cash flow information
Cash paid during the period for interest, net of amounts capitalized	95,968	109,898	115,425	142,933	80,715
Cash paid during the period for income and franchise taxes	1,194	1,666	1,930	2,362	1,770

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Financial Information

As Reported Financials

Cashflow Statement

Operating activities

Adjustments to net income

Investing activities

Financing activities

Reconciliation of cash, cash equivalents and restricted cash

Supplemental disclosure of noncash investing and financing activities

Supplemental disclosure of cash flow information