American finance trust, inc. (AFIN)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13
Cash flows from operating activities:
Net loss

4,163

-37,471

-46,577

-54,255

-21,117

-12,632

-20,797

Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation

78,396

84,482

85,175

66,831

66,946

6,857

12,077

Amortization of in-place lease assets

44,795

54,439

68,477

34,247

34,600

7,177

2,870

Amortization of deferred leasing costs

1,522

986

375

65

-

-

-

Amortization (including accelerated write-off) of deferred financing costs

7,598

5,648

6,693

8,651

12,663

758

291

Amortization of mortgage discounts (premiums) on borrowings, net

-3,816

-3,790

-4,096

-4,211

-7,208

-12

0

Loss (gain) on disposition of land

-

-

-

-

-

-19

-

Gain on involuntary conversion

-

-

-

-

-

0

-

Discount accretion and premium amortization on investments, net

0

0

25

40

96

-

0

Amortization (accretion) of market lease and other intangibles, net

-7,372

-15,518

-5,173

477

1,666

172

-22

Equity-based compensation

12,717

5,266

128

-

51

93

137

Vesting and conversion of Class B Units

0

15,786

0

0

-

-

-

Mark-to-market adjustments

0

72

130

0

0

-

-

Bad debt expense

-

-

-

-

-

0

-

Fair value adjustments to contingent purchase price consideration

-

-

-

-

-

672

-

Gain on sale of real estate investments

23,700

31,776

15,100

454

0

-

-

Impairment of real estate investments

2,432

21,100

25,049

27,299

0

186

-

Payments of prepayment costs on mortgages

4,491

4,224

0

0

-

-

-

Ineffective portion of derivative

-

-

-

-

-

-5

-

Loss on sale of commercial mortgage-backed securities

-

-

-

-

-1,585

-

0

Gain on sale of other real estate securities, net

-

-

-

-

738

-

125

Loss on commercial mortgage loans held for sale

-

-

-

-

-5,476

-

0

Changes in assets and liabilities:
Straight-line rent receivable

9,521

9,596

7,840

6,830

-

-

-

Straight-line rent payable

1,196

95

96

-

-

-

-

Prepaid expenses and other assets

3,208

4,086

-2,575

2,052

7,878

4,244

14,457

Accounts payable and accrued expenses

-1,458

1,694

-7,780

3,173

1,177

5,144

5,193

Deferred rent and other liabilities

-2,675

3,646

-9,355

401

2,331

1,193

1,216

Restricted cash

-

-

-

-

-

309

-

Net cash provided by operating activities

105,570

95,037

92,464

73,369

89,458

3,735

-13,617

Cash flows from investing activities:
Origination of commercial mortgage loans

-

-

-

-

79,410

-

0

Proceeds from sale of commercial mortgage loans

-

-

-

56,884

-

-

0

Proceeds from the settlement of CMBS

0

0

17,200

0

0

-

-

Purchase of commercial mortgage-backed securities

-

-

-

-

30,198

-

0

Capital expenditures

13,652

10,426

8,917

0

0

1,549

-

Payments to Acquire Real Estate

428,939

241,772

149,337

34,244

0

584,018

1,127,075

Proceeds from sale of real estate investments

34,813

66,455

190,801

15,190

0

-

-

Deposits

-2,952

2,472

565

0

0

1,344

33,035

Proceeds from disposition of land

-

-

-

-

-

543

-

Proceeds from contingent purchase price consideration

-

-

-

-

-

0

-

Restricted cash

-

-

-

-

-

2,142

-

Proceeds from sale of other real estate securities

-

-

-

-

19,266

-

51,160

Payments to Acquire Businesses, Gross

0

0

94,504

0

0

-

-

Cash acquired in merger transaction

0

0

26,163

0

0

-

-

Payments for purchase of investment securities

-

-

-

-

-

-

116,582

Net cash used in investing activities

-404,826

-188,215

-19,159

37,830

-61,718

-588,510

-1,225,532

Cash flows from financing activities:
Proceeds from mortgage notes payable

286,930

29,887

267,350

0

780,000

-

0

Payments on mortgage notes payable

69,144

47,197

21,841

1,014

196,431

384

0

Proceeds from credit facility

233,000

324,700

85,000

0

0

0

0

Payments on credit facility

224,553

95,000

294,000

0

423,000

-

0

Payments of financing costs

10,778

7,031

4,948

5,709

18,806

7,061

8,180

Payments of prepayment costs on mortgages

4,491

4,224

0

0

-

-

-

Common stock repurchases

274

20,531

29,058

16,253

31,725

308

88

Distributions on LTIP Units and Class A Units

694

225

0

0

-

-

-

Dividends paid on common stock

117,140

104,824

87,659

87,505

74,151

12,208

14,850

Dividends paid on preferred stock

3,948

0

0

-

-

-

-

Payments of offering costs and fees related to stock issuances, net

-

-

-

-

-

90,112

173,721

Common stock offering costs

31,601

0

0

-

-

853,535

1,537,164

Proceeds from issuance of preferred stock, net

168,956

0

0

-

-

-

-

Payments to related party, net

-

-

-

-

-

-1,019

-

Restricted cash

-

-

-

-

-

-

0

Net cash provided by financing activities

289,465

75,555

-85,156

-110,481

35,887

742,443

1,340,325

Net change in cash, cash equivalents and restricted cash

-9,791

-17,623

-11,851

718

63,627

157,668

101,176

Supplemental Disclosures:
Cash paid for interest, net of amounts capitalized

72,826

63,839

57,017

49,140

42,696

3,088

178

Cash paid for income taxes

217

1,100

827

739

877

411

1

Non-Cash Investing and Financing Activities:
Proceeds from real estate sales used to pay off related mortgage notes payable

0

0

127,651

0

0

24,232

8,830

Premium assumed on mortgage note payable

-

-

-

-

-

304

-

Offering costs in accounts payable and accrued expenses

-

-

-

-

-

-

238

Receivables for issuances of common stock

-

-

-

-

-

-

127

Accrued common stock repurchases

-

-

-

-

16,063

-

114

Non-Cash Investing and Financing Activities:
Accrued Preferred Stock offering costs

27

0

0

-

-

-

-

Business Combination, Consideration Transferred, Equity Interests Issued and Issuable

0

0

921,930

0

0

-

-

Credit facility assumed or used to acquire investments in real estate

0

0

304,000

0

0

-

-

Proceeds from real estate sales used to pay off related mortgage notes payable

94,940

90,038

103,041

-

-

-

-

Mortgage notes payable released in connection with disposition of real estate

94,940

90,038

103,041

14,867

0

-

-

Premiums on assumed mortgage notes payable

0

0

4,143

0

0

-

334

Investments in real estate

0

23,248

55,853

20,499

34,806

14,824

20,429

Accrued capital expenditures

355

341

933

0

0

-

-

Change in accrued common stock repurchases

-

-

-

-

-

327

-

Change in capital improvements in accounts payable and accrued expenses

-

-

-

-

-

1,284

-

Change in offering costs in accounts payable and accrued expenses

-

-

-

-

-

1,180

-

Restricted Stock
Share-based compensation

-

-

-

67

-

-

-

Multi-year Outperformance Agreement
Share-based compensation

-

-

-

0

-

-

-