MEDICAL PROPERTIES TRUST, INC. MPW Cash Flow

Medical properties trust, inc. (MPW)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities
Net income
381,267	376,401	325,419	971,628	1,003,725	1,018,477	1,011,912	352,317	314,096	291,238	262,107	255,769	235,897	225,937	241,030	193,611	162,176	139,927	96,618	102,158	79,465	50,796	53,665	50,704	78,312	97,215	107,920	113,724	105,681	90,077	74,213	43,174	26,496	26,714	24,604	33,101	36,649	23,012	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
185,733	156,575	146,051	136,481	138,309	141,492	144,682	146,595	140,883	131,979	121,686	112,256	104,861	97,601	90,398	86,433	78,447	71,827	65,908	59,011	56,264	55,162	52,221	47,606	43,861	38,818	35,694	35,583	35,613	35,593	37,122	36,785	36,302	35,477	31,932	29,758	27,358	26,312	0	0	0
Amortization of deferred financing costs and debt discount
10,264	8,881	8,113	7,589	7,401	7,363	7,316	6,972	6,693	6,521	6,562	6,859	7,395	7,613	7,591	7,208	6,543	6,085	5,667	5,391	5,433	5,105	4,666	4,291	3,711	3,559	3,504	3,498	3,498	3,457	3,343	5,428	9,159	9,289	9,672	7,720	5,619	6,110	0	0	0
Direct financing lease interest accretion
-	-	-	-	-	-	0	0	9,987	-	9,639	9,044	8,794	9,120	9,503	9,519	9,040	8,032	7,033	6,724	6,701	6,701	6,622	6,532	6,146	5,774	5,160	4,446	4,051	3,104	0	0	0	-	-	-	-	-	-	-	-
Straight-line rent revenue and other
160,356	138,806	120,512	108,431	106,513	100,594	97,903	92,232	87,222	80,741	62,236	54,472	47,246	41,567	35,381	33,475	29,676	26,187	22,541	19,989	17,954	16,325	14,604	12,174	11,703	11,265	11,140	11,033	9,521	8,309	5,100	4,155	4,991	5,277	9,951	7,063	4,816	4,932	0	0	0
Share / (Unit)-based compensation expense
35,500	32,200	26,900	22,800	21,344	16,500	14,452	12,223	9,785	9,900	9,258	8,167	7,893	7,942	8,571	9,629	10,317	11,122	10,977	10,377	9,703	9,165	9,385	9,062	9,201	8,833	8,226	8,204	7,698	7,637	7,120	6,959	7,003	6,983	6,659	6,393	6,925	6,616	0	0	0
Gain from sale of real estate and other
0	-	-	-	-	719,392	672,822	25,636	1,485	7,431	7,361	51,959	68,597	61,224	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,128	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	12,000	0	0	0
Straight-line rent and other write-off, net of tax
20,660	15,539	7,619	7,710	14,539	18,002	21,838	17,517	10,282	5,340	0	0	0	-	-	-	-	-	-	-	-	2,818	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unutilized financing costs
0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt refinancing costs
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments
25,013	-4,637	-33,638	-23,724	-1,698	3,768	15,418	10,187	1,462	1,204	-4,821	-4,433	-3,746	-3,563	14,467	10,556	8,186	6,334	2,618	-4,845	3,707	1,178	3,051	13,081	-1,842	70	-8,109	-5,851	-103	-538	-2,275	-3,579	-3,061	-1,058	-526	7,841	6,109	30	0	0	0
Changes in:
Interest and rent receivables
-16,236	-12,906	-57,184	-53,518	-48,983	-46,498	16,661	17,615	20,586	21,116	15,070	21,290	14,002	13,247	12,918	-7,343	9,719	5,599	-3,630	10,477	-1,485	3,856	16,952	13,332	13,335	13,211	14,245	18,028	18,024	17,261	15,704	13,793	9,104	6,118	0	0	0	-	-	-	0
Accounts payable and accrued expenses
45,349	39,630	4,204	-1,878	-2,807	-5,596	37,485	3,017	10,193	2,494	13,608	20,913	18,133	41,583	2,393	14,757	35,833	26,540	31,424	42,052	19,579	6,209	4,312	16,306	6,014	23,867	7,881	-396	531	9,201	-559	697	9,905	5,354	7,241	4,691	-1,464	-3,177	0	0	0
Net cash provided by operating activities
514,107	494,117	477,342	450,715	441,215	449,088	441,400	403,818	392,749	362,235	315,507	281,444	258,785	263,838	243,101	256,842	234,306	206,996	186,883	187,632	174,187	150,443	134,982	134,812	132,033	140,802	132,164	117,131	109,008	105,309	86,851	84,001	83,336	79,270	80,272	73,379	68,853	60,637	0	0	0
Investing activities
Cash paid for acquisitions and other related investments
6,532,763	4,565,594	0	0	0	-	-	-	-	2,246,788	0	0	0	-	-	-	-	2,218,869	2,604,912	1,215,329	818,396	767,696	0	0	0	-	-	-	-	621,490	676,550	495,476	501,977	278,963	0	0	0	-	-	-	-
Net proceeds from sale of real estate
0	-	-	-	-	1,513,666	1,513,666	221,958	148,836	64,362	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal received on loans receivable
-	920	355,065	623,475	884,603	885,917	533,492	266,154	6,981	8,480	108,708	206,444	908,036	906,757	878,554	1,122,334	772,273	771,785	700,924	359,388	11,262	11,265	10,936	10,785	6,628	7,249	6,118	6,258	11,837	10,931	10,898	10,786	4,893	4,289	46,852	46,073	85,819	90,486	0	0	0
Investment in loans receivable
55,210	54,088	71,657	45,559	64,107	212,002	175,258	185,199	167,008	19,338	0	0	0	-	-	-	-	354,001	357,682	354,949	90,698	12,782	11,403	8,047	5,331	3,746	0	0	0	-	-	-	-	861	6,409	3,473	14,752	11,637	0	0	0
Other investments, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction in progress and other
-	-	-	-	-	53,967	53,284	60,685	55,313	73,812	84,826	106,098	142,806	171,209	170,008	161,432	155,162	146,372	121,031	133,227	120,919	102,333	75,032	63,440	55,851	41,452	72,072	57,086	52,003	44,570	46,622	35,678	24,445	22,999	3,357	26	9,837	6,638	0	0	0
Net cash used for investing activities
-6,610,753	-4,883,957	-4,044,369	-1,041,088	403,121	564,178	473,211	-1,725,776	-2,399,258	-2,362,066	-3,648,530	-2,044,585	-842,941	-926,544	332,397	-824,013	-1,707,922	-1,945,621	-2,386,455	-1,322,594	-997,228	-850,023	-545,369	-793,739	-844,182	-712,577	-430,286	-310,415	-227,955	-617,128	-643,017	-473,380	-484,014	-265,621	-222,406	-187,992	-161,686	22,781	0	0	0
Financing activities
Proceeds from term debt
0	-	-	-	-	-	-	-	-	2,355,280	2,355,280	1,455,280	1,455,280	1,000,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	300,000	0	0	0	-	-	-	-	-	-	-	-
Payments of term debt
-	-	-	-	-	-	-	-	-	1,038,221	748,299	1,250,431	1,250,426	575,299	515,294	290	286	283	279	274	100,269	100,266	100,261	100,257	11,253	11,249	11,246	11,242	238	232	8,623	88,640	239,375	246,262	238,250	170,405	223,425	216,765	0	0	0
Revolving credit facilities, net
-	-65,736	423,487	-794,124	-769,031	-811,718	-422,790	585,708	426,825	550,415	445,089	225,089	-265,000	-810,000	-1,091,000	-646,171	339,415	509,415	1,096,040	466,211	255,625	490,625	-205,000	0	-195,000	-20,000	80,000	-40,000	0	-35,400	-85,400	39,600	98,400	-89,600	-39,600	-39,600	26,800	137,200	0	0	0
Dividends / Distribution paid
454,352	411,697	383,221	375,675	369,922	363,906	359,878	355,850	341,611	326,729	297,544	265,297	240,512	218,393	212,199	203,281	196,921	182,980	167,180	157,043	147,048	144,365	140,407	134,272	128,301	120,309	115,110	112,209	109,326	103,952	99,177	94,406	89,639	89,601	89,520	89,436	83,351	77,087	0	0	0
Lease deposits and other obligations to tenants
13,589	12,260	3,444	-10,880	18,228	20,606	-10,360	6,266	-25,517	-27,525	7,573	-10,754	-14,493	-14,557	-15,614	-13,207	-7,851	10,839	15,656	1,651	4,047	-7,892	-17,699	163	-3,400	-3,231	5,544	-10,303	-7,777	-11,436	-12,383	4,676	12,123	8,621	13,513	9,139	-2,124	3,667	0	0	0
Proceeds from sale of units, net of offering costs
2,240,862	2,533,210	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	817,389	827,436	489,743	505,556	138,173	128,281	268,809	252,999	313,330	326,260	185,741	185,769	233,048	0	0	0	-	-	-	-	288,066	0	0	0
Payment of deferred financing costs and other financing activities
-25,881	-19,871	-24,695	-10,718	-2,742	-3,614	11,077	1,231	1,349	-12,984	-12,335	-24,563	-24,194	-16,485	-28,693	-13,129	-13,373	-5,326	0	0	0	-	0	0	0	-	1,882	5,977	5,941	-177	8,091	2,376	-12,056	-6,235	-13,656	-8,528	-2,694	-2,702	0	0	0
Net cash provided by financing activities
5,606,395	5,041,884	3,346,469	920,930	48,175	-345,870	-384,560	1,228,809	1,663,957	2,070,277	2,416,768	1,812,772	847,824	552,563	188,809	705,443	1,647,423	1,800,690	2,406,549	993,504	813,676	802,563	532,479	829,343	686,150	579,823	274,083	91,717	68,122	446,404	477,961	289,112	520,168	190,669	150,021	220,882	89,045	-317	0	0	0
(Decrease) increase in cash, cash equivalents, and restricted cash for period
-490,251	652,044	-220,558	330,557	892,511	667,396	530,051	-93,149	-342,552	70,446	-916,255	49,631	263,668	-110,143	764,307	138,272	173,807	62,065	206,977	-141,458	-9,365	102,983	0	0	0	-	-	-101,567	-50,825	-65,415	-78,205	-100,267	119,490	4,318	7,887	106,269	-3,788	83,101	0	0	0
Effect of exchange rate changes
-4,185	-6,478	-25,550	-21,791	-31,442	-17,218	-6,529	3,855	29,777	16,920	7,850	3,460	-20,244	-3,003	-1,625	-2,615	-945	-11,065	-7,554	-9,661	-7,396	-4,421	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
240,588	211,163	204,323	203,718	216,050	221,779	193,805	201,672	155,222	149,798	150,104	145,023	163,901	138,770	152,691	112,216	110,866	107,228	103,975	102,113	92,109	91,890	81,939	70,903	70,561	58,110	59,087	58,770	58,400	51,440	51,052	46,508	36,404	38,463	27,594	27,502	31,078	29,679	0	0	0
Supplemental schedule of non-cash investing activities:
Real estate acquired via assumption of mortgage loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,592	0	0	0	-	-	-	-
Supplemental schedule of non-cash financing activities:
Assumption of mortgage loan (as part of real estate acquired)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	14,592	0	0	0	-	-	-	-
MPT Operating Partnership, L.P. [Member]
Net income
381,267	376,401	325,419	971,628	1,003,725	1,018,477	1,011,912	352,317	314,096	291,238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
185,733	156,575	146,051	136,481	138,309	141,492	144,682	146,595	140,883	131,979	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and debt discount
10,264	8,881	8,113	7,589	7,401	7,363	7,316	6,972	6,693	6,521	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Direct financing lease interest accretion
-	-	-	-	-	-	0	0	9,987	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rent revenue and other
160,356	138,806	120,512	108,431	106,513	100,594	97,903	92,232	87,222	80,741	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share / (Unit)-based compensation expense
35,509	32,188	26,929	22,812	21,364	16,505	14,496	12,297	9,834	9,949	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from sale of real estate and other
0	-	-	-	-	719,392	672,822	25,636	1,485	7,431	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairment charges
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Straight-line rent and other write-off, net of tax
20,660	15,539	7,619	7,710	14,539	18,002	21,838	17,517	10,282	5,340	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt refinancing and unutilized financing costs
-	-	-	-	-	-	-	-	-	32,574	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unutilized financing costs
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other adjustments
25,013	-4,637	-33,638	-23,724	-1,698	3,768	15,418	10,187	1,462	1,204	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest and rent receivables
-16,236	-12,906	-57,184	-53,518	-48,983	-46,498	16,661	17,615	20,586	21,116	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
45,349	39,630	4,204	-1,878	-2,807	-5,596	37,485	3,017	10,193	2,494	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
514,107	494,117	477,342	450,715	441,215	449,088	441,400	403,818	392,749	362,235	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for acquisitions and other related investments
6,532,763	4,565,594	0	0	0	-	-	-	-	2,246,788	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from sale of real estate
0	-	-	-	-	1,513,666	1,513,666	221,958	148,836	64,362	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal received on loans receivable
-	920	355,065	623,475	884,603	885,917	533,492	266,154	6,981	8,480	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment in loans receivable
55,210	54,088	71,657	45,559	64,107	212,002	175,258	185,199	167,008	19,338	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investments, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Construction in progress and other
-	-	-	-	-	53,967	53,284	60,685	55,313	73,812	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used for investing activities
-6,610,753	-4,883,957	-4,044,369	-1,041,088	403,121	564,178	473,211	-1,725,776	-2,399,258	-2,362,066	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from term debt
0	-	-	-	-	-	-	-	-	2,355,280	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments of term debt
-	-	-	-	-	-	-	-	-	1,038,221	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Revolving credit facilities, net
-	-65,736	423,487	-794,124	-769,031	-811,718	-422,790	585,708	426,825	550,415	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dividends / Distribution paid
454,352	411,697	383,221	375,675	369,922	363,906	359,878	355,850	341,611	326,729	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease deposits and other obligations to tenants
13,589	12,260	3,444	-10,880	18,228	20,606	-10,360	6,266	-25,517	-27,525	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of units, net of offering costs
2,240,862	2,533,210	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of deferred financing costs and other financing activities
-25,881	-19,871	-24,695	-10,718	-2,742	-3,614	11,077	1,231	1,349	-12,984	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
5,606,395	5,041,884	3,346,469	920,930	48,175	-345,870	-384,560	1,228,809	1,663,957	2,070,277	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Decrease) increase in cash, cash equivalents, and restricted cash for period
-490,251	652,044	-220,558	330,557	892,511	667,396	530,051	-93,149	-342,552	70,446	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Effect of exchange rate changes
-4,185	-6,478	-25,550	-21,791	-31,442	-17,218	-6,529	3,855	29,777	16,920	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
240,588	211,163	204,323	203,718	216,050	221,779	193,805	201,672	155,222	149,798	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-