Four corners property trust, inc. (FCPT)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

74,674

72,939

75,280

74,476

84,166

82,929

80,069

81,801

72,623

71,892

85,943

81,846

78,200

156,850

129,633

114,504

99,836

5,699

0

0

0

Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization

27,005

26,312

27,104

26,194

24,900

23,884

21,869

21,551

21,747

21,811

21,484

21,118

20,799

20,577

18,500

13,649

8,733

3,758

0

0

0

Gain on disposal of land, building, and equipment

-

-

-

-

-

-

-

-

-

10,532

0

0

0

-

-

-

-

-

-

-

-

Non-cash revenue adjustments

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain on exchange of non-financial assets

-

-

-

-

-

228

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of financing costs

2,049

2,050

2,005

1,951

1,892

1,834

2,247

2,241

2,201

2,144

1,663

1,609

1,592

1,592

1,459

1,061

663

265

0

0

0

Stock-based compensation expense

3,219

3,602

3,722

3,849

3,997

3,967

3,793

3,585

3,366

2,676

2,312

2,006

1,722

1,550

1,163

758

377

101

0

0

0

Deferred income taxes

-

-

-

-

-

-

-

-

-

-196

-32

-49

-50

-80,685

-79,434

-79,442

-79,446

1,195

0

0

0

Changes in assets and liabilities:
Derivative assets and liabilities

8,419

4

3

-32

-30

-29

-67

-75

-88

-145

644

983

938

609

-140

-436

-381

0

0

0

0

Straight-line rent adjustment

9,009

9,207

9,439

9,320

9,364

9,288

9,110

9,304

9,446

9,536

0

0

0

-

-

-

-

-

-

-

-

Rent received in advance

-104

8,854

531

291

196

-6,686

336

233

490

321

79

362

106

34

0

0

0

-

-

-

-

Deferred rental asset

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

4,115

-

0

0

0

Other assets and liabilities

867

31

-1,326

-797

-1,420

351

54

979

-1,572

-220

-2,215

-608

1,103

1,652

-2,434

-2,442

-3,588

-4,210

0

0

0

Net cash provided by operating activities

88,879

104,673

96,198

93,942

92,042

80,883

84,747

80,698

81,706

78,945

79,485

76,904

73,832

70,939

72,481

54,608

37,908

21,693

0

0

0

Net Cash Provided by (Used in) Investing Activities [Abstract]
Purchases of real estate investments

222,390

205,154

133,130

294,875

267,561

268,266

241,018

69,088

104,440

95,112

129,887

147,252

94,980

83,263

24,201

530

516

556

0

0

0

Advance deposits on acquisition of operating real estate

1,927

2,199

115

-408

-217

-81

276

947

997

947

0

0

0

-

-

-

-

-

-

-

-

Net cash used in investing activities

-224,317

-207,353

-127,820

-289,042

-246,205

-247,046

-220,669

-43,677

-89,792

-80,414

-95,969

-118,432

-71,039

-59,322

-24,201

-530

-516

-556

0

0

0

Net Cash Provided by (Used in) Financing Activities [Abstract]
Net proceeds from ATM equity issuance

0

-

-

0

0

-

-

-

-

-

-

0

1,624

-

0

0

0

-

-

-

-

Proceeds from revolving credit facility

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends to shareholders

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

-

-

-

-

Net contributions from parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Payment of dividend to shareholders

-

-

-

-

-

69,494

65,795

63,338

61,019

58,695

58,385

58,072

58,047

121,604

107,094

92,586

78,076

0

0

0

0

Distributions to non-controlling interests

0

-

0

0

0

-

0

0

572

-

0

0

0

-

-

-

-

-

-

-

-

Payments to Noncontrolling Interests

-1,997

355

3,656

3,656

3,621

456

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Repayment of debt assumed in purchase of real estate investments

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

Employee shares withheld for taxes

2,567

2,702

2,929

3,095

3,086

393

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Predecessor transfers to parent

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

Net cash provided by (used in) financing activities

144,916

14,521

34,521

145,740

182,110

190,034

76,917

-29,700

43,082

44,197

83,509

84,124

-20,811

-83,047

-29,417

-15,353

-1,311

76,929

0

0

0

Net decrease in cash and cash equivalents, including restricted cash

9,478

-88,159

2,899

-49,360

27,947

23,871

-59,005

7,321

34,996

42,728

67,025

42,596

-18,018

-71,430

18,863

38,725

36,081

98,066

0

0

0

Supplemental disclosures:
Interest paid

25,809

25,948

21,094

19,226

21,221

20,218

16,356

15,286

13,033

14,102

17,884

14,661

14,115

13,493

0

0

0

-

-

-

-

Income taxes paid

464

589

403

447

515

470

654

638

514

561

321

206

145

2,168

0

0

0

-

-

-

-

Operating lease payments received (lessor)

133,120

129,699

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease payments remitted (lessee)

441

415

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Cash Flow, Noncash Investing and Financing Activities Disclosure [Abstract]
Debt assumed in acquisition of real estate investments

-

-

-

-

-

-

-

-

-

2,305

0

0

0

-

-

-

-

-

-

-

-

Change in fair value of derivative instruments

-21,838

-9,536

-20,438

-16,442

-7,788

993

10,549

10,646

8,068

4,152

2,389

1,942

9,221

1,149

0

0

0

-

-

-

-

Operating partner units issued in exchange for real estate investments

-

-

-

-

-

-

-

-

-

3,609

8,648

8,647

8,648

5,039

0

0

0

-

-

-

-

Repayment of debt assumed in purchase of real estate investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

At-The-Market Offering
Net proceeds form issuance of stock

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-