|
Condensed Consolidated Statements of Cash Flow (USD $)
In Thousands, unless otherwise specified
|
3 Months Ended |
|
Mar. 31, 2013
|
Mar. 31, 2012
|
| Operating Activities |
|
|
| Net income |
$ 26,210 |
$ 10,606 |
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
8,929 |
8,909 |
| Direct financing lease accretion |
(1,232) |
(285) |
| Straight-line rent revenue |
(2,661) |
(1,449) |
| Share-based compensation |
1,919 |
1,858 |
| Amortization and write-off of deferred financing costs and debt discount |
897 |
856 |
| Other adjustments |
(673) |
(238) |
| Changes in: |
|
|
| Accounts payable and accrued liabilities |
(1,788) |
6,882 |
| Interest and rent receivable |
(4,550) |
(3,787) |
| Net cash provided by operating activities |
27,051 |
23,352 |
| Investing Activities |
|
|
| Cash paid for acquisitions and other related investments |
|
(396,500) |
| Principal received on loans receivable |
2,090 |
1,184 |
| Investment in loans receivable |
(800) |
|
| Construction in progress and other |
(13,526) |
(6,093) |
| Net cash provided by (used in) investing activities |
(12,236) |
(401,409) |
| Financing activities |
|
|
| Revolving credit facilities, net |
(125,000) |
(89,600) |
| Proceeds from term debt, net of discount |
|
300,000 |
| Payments of term debt |
(64) |
(58) |
| Distributions paid |
(27,786) |
(22,412) |
| Proceeds from sale of common shares/units, net of offering costs |
172,914 |
220,193 |
| Lease deposits and other obligations to tenants |
3,549 |
(110) |
| Debt issuance costs paid and other financing activities |
(64) |
(6,182) |
| Net cash provided by financing activities |
23,549 |
401,831 |
| Increase (decrease) in cash and cash equivalents for period |
38,364 |
23,774 |
| Cash and cash equivalents at beginning of period |
37,311 |
102,726 |
| Cash and cash equivalents at end of period |
75,675 |
126,500 |
| Interest paid |
10,162 |
3,202 |
| Supplemental schedule of non-cash financing activities: |
|
|
| Distributions declared, unpaid |
30,060 |
27,182 |
|
MPT Operating Partnership, L.P.
|
|
|
| Operating Activities |
|
|
| Net income |
26,210 |
10,606 |
| Adjustments to reconcile net income to net cash provided by operating activities |
|
|
| Depreciation and amortization |
8,929 |
8,909 |
| Direct financing lease accretion |
(1,232) |
(285) |
| Straight-line rent revenue |
(2,661) |
(1,449) |
| Share-based compensation |
1,919 |
1,858 |
| Amortization and write-off of deferred financing costs and debt discount |
897 |
856 |
| Other adjustments |
(673) |
(238) |
| Changes in: |
|
|
| Accounts payable and accrued liabilities |
(1,788) |
6,882 |
| Interest and rent receivable |
(4,550) |
(3,787) |
| Net cash provided by operating activities |
27,051 |
23,352 |
| Investing Activities |
|
|
| Cash paid for acquisitions and other related investments |
|
(396,500) |
| Principal received on loans receivable |
2,090 |
1,184 |
| Investment in loans receivable |
(800) |
|
| Construction in progress and other |
(13,526) |
(6,093) |
| Net cash provided by (used in) investing activities |
(12,236) |
(401,409) |
| Financing activities |
|
|
| Revolving credit facilities, net |
(125,000) |
(89,600) |
| Proceeds from term debt, net of discount |
|
300,000 |
| Payments of term debt |
(64) |
(58) |
| Distributions paid |
(27,786) |
(22,412) |
| Proceeds from sale of common shares/units, net of offering costs |
172,914 |
220,193 |
| Lease deposits and other obligations to tenants |
3,549 |
(110) |
| Debt issuance costs paid and other financing activities |
(64) |
(6,182) |
| Net cash provided by financing activities |
23,549 |
401,831 |
| Increase (decrease) in cash and cash equivalents for period |
38,364 |
23,774 |
| Cash and cash equivalents at beginning of period |
37,311 |
102,726 |
| Cash and cash equivalents at end of period |
75,675 |
126,500 |
| Interest paid |
10,162 |
3,202 |
| Supplemental schedule of non-cash financing activities: |
|
|
| Distributions declared, unpaid |
$ 30,060 |
$ 27,182 |