Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating activities    
Net (loss) income $ (16,260) $ 89,315
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 105,396 82,691
Impairments 61,823 7,299
Amortization of deferred financing costs 2,598 3,805
Amortization of debt discounts 2,466 4,626
Amortization of deferred losses on interest rate swaps 1,404  
Stock-based compensation expense 6,760 7,461
Loss on debt extinguishment   5,893
Gain on dispositions of real estate and other assets (1,046) (38,506)
Non-cash revenue (5,518) (8,237)
Bad debt expense and other 236 162
Changes in operating assets and liabilities:    
Deferred costs and other assets, net (23,658) (1,313)
Accounts payable, accrued expenses and other liabilities (1,190) (8,921)
Net cash provided by operating activities 133,011 144,275
Investing activities    
Acquisitions of real estate (218,935) (447,499)
Capitalized real estate expenditures (8,296) (25,680)
Collections of principal on loans receivable 2,710 8,080
Proceeds from dispositions of real estate and other assets, net 17,681 163,165
Net cash used in investing activities (206,840) (301,934)
Financing activities    
Borrowings under revolving credit facilities 1,123,000 615,700
Repayments under revolving credit facilities (1,239,500) (762,000)
Repayments under mortgages and notes payable (2,021) (171,279)
Borrowings under term loans 400,000 820,000
Repayments under term loans   (420,000)
Repayments under Convertible Notes   (402,500)
Borrowings under Senior Unsecured Notes   399,696
Debt extinguishment costs   (12,314)
Deferred financing costs (2,377) (13,916)
Proceeds from issuance of common stock, net of offering costs 17,553 162,270
Repurchase of shares of common stock, including tax withholdings related to net stock settlements (4,380) (1,382)
Common stock dividends paid (129,908) (107,872)
Preferred stock dividends paid (5,176) (5,176)
Net cash provided by financing activities 157,191 101,227
Net increase (decrease) in cash, cash equivalents and restricted cash 83,362 (56,432)
Cash, cash equivalents and restricted cash, beginning of period 26,023 77,421
Cash, cash equivalents and restricted cash, end of period 109,385 20,989
Cash paid for interest 40,992 43,242
Cash paid for income taxes 910 1,045
Supplemental Disclosures of Non-Cash Activities:    
Dividends / Distributions declared and unpaid 64,402 56,318
Relief of debt through sale or foreclosure of real estate properties   10,368
Net real estate and other collateral assets sold or surrendered to lender   654
Cash flow hedge changes in fair value   14,326
Accrued interest capitalized to principal [1]   251
Accrued market-based award dividend rights 462 616
Accrued capitalized costs 457 3,270
Accrued deferred financing costs 106 1,109
Right-of-use lease assets   6,143
Lease liabilities   6,143
Reclass of residual value from direct financing lease to operating lease 6,831 3,960
Receivable for disposal of real estate property 2,000  
Spirit Realty, L.P.    
Operating activities    
Net (loss) income (16,260) 89,315
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation and amortization 105,396 82,691
Impairments 61,823 7,299
Amortization of deferred financing costs 2,598 3,805
Amortization of debt discounts 2,466 4,626
Amortization of deferred losses on interest rate swaps 1,404  
Stock-based compensation expense 6,760 7,461
Loss on debt extinguishment   5,893
Gain on dispositions of real estate and other assets (1,046) (38,506)
Non-cash revenue (5,518) (8,237)
Bad debt expense and other 236 162
Changes in operating assets and liabilities:    
Deferred costs and other assets, net (23,658) (1,313)
Accounts payable, accrued expenses and other liabilities (1,190) (8,921)
Net cash provided by operating activities 133,011 144,275
Investing activities    
Acquisitions of real estate (218,935) (447,499)
Capitalized real estate expenditures (8,296) (25,680)
Collections of principal on loans receivable 2,710 8,080
Proceeds from dispositions of real estate and other assets, net 17,681 163,165
Net cash used in investing activities (206,840) (301,934)
Financing activities    
Borrowings under revolving credit facilities 1,123,000 615,700
Repayments under revolving credit facilities (1,239,500) (762,000)
Repayments under mortgages and notes payable (2,021) (171,279)
Borrowings under term loans 400,000 820,000
Repayments under term loans   (420,000)
Repayments under Convertible Notes   (402,500)
Borrowings under Senior Unsecured Notes   399,696
Debt extinguishment costs   (12,314)
Deferred financing costs (2,377) (13,916)
Proceeds from issuance of common stock, net of offering costs 17,553 162,270
Repurchase of shares of common stock, including tax withholdings related to net stock settlements (4,380) (1,382)
Common stock dividends paid (129,908) (107,872)
Preferred stock dividends paid (5,176) (5,176)
Net cash provided by financing activities 157,191 101,227
Net increase (decrease) in cash, cash equivalents and restricted cash 83,362 (56,432)
Cash, cash equivalents and restricted cash, beginning of period 26,023 77,421
Cash, cash equivalents and restricted cash, end of period 109,385 20,989
Cash paid for interest 40,992 43,242
Cash paid for income taxes 910 1,045
Supplemental Disclosures of Non-Cash Activities:    
Dividends / Distributions declared and unpaid 64,402 56,318
Relief of debt through sale or foreclosure of real estate properties   10,368
Net real estate and other collateral assets sold or surrendered to lender   654
Cash flow hedge changes in fair value   14,326
Accrued interest capitalized to principal [1]   251
Accrued market-based award dividend rights 462 616
Accrued capitalized costs 457 3,270
Accrued deferred financing costs 106 1,109
Right-of-use lease assets   6,143
Lease liabilities   6,143
Reclass of residual value from direct financing lease to operating lease 6,831 $ 3,960
Receivable for disposal of real estate property $ 2,000  
[1] Accrued and overdue interest on certain CMBS notes that were intentionally placed in default.