National health investors inc (NHI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Tax deferred exchange funds applied to investment in real estate

-

-

-

-

-

23,813

-

-

-

-

-

-

Cash flows from operating activities:
Net Income (Loss) Attributable to Parent

160,449

154,333

159,365

152,716

150,314

103,052

107,182

90,898

81,132

69,421

64,229

57,510

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

76,816

71,349

67,173

59,525

53,123

38,078

20,658

16,981

11,992

11,203

8,621

7,943

Amortization of Debt Issuance Costs

5,117

4,437

5,790

3,563

3,472

2,611

247

320

-

-

-

15

Amortization

-

-

-

-

-

-

-

320

581

-

-

-

Amortization of commitment fees

493

662

517

693

0

0

-

-

-

-

-

-

Amortization of lease incentives

845

387

119

40

40

-

-

-

-

-

-

-

Straight-line rental income

22,084

22,787

26,090

22,198

24,623

16,463

6,560

3,664

3,778

3,140

627

-154

Non-cash interest income on construction loan

2,204

1,680

792

1,021

411

0

0

-

1,082

298

-

0

Change in fair value of interest rate swap agreement

-

-

-

-

-

-

-

-

-1,197

0

-

-

Income (Loss) from Equity Method Investments

-

-

-

-1,214

-1,767

-71

324

45

0

0

-

-

Gain on sale of real estate

0

0

50

4,582

1,126

0

22,258

11,966

3,348

2,004

-

0

Gain (Loss) on Extinguishment of Debt

-823

-738

-2,214

0

0

-

-

-

-

-

-

-

Gain on sale of marketable securities

0

0

10,038

29,673

23,529

0

0

30

9,899

0

2,403

410

Unamortized debt premium written off

-

-

-

-

18

1,655

0

0

-

-

-

-

Write-off of debt issuance costs

-

-

-

-

3,413

2,145

416

0

0

-

-

-

Loan and realty losses

2,440

5,115

0

15,856

-491

0

1,976

-2,195

-99

-

-

-

Payment of Tenant Lease Incentives

-3,100

-5,280

0

0

-

-

-

-

-

-

-

-

Gain on sale of equity-method investee

-

-

-

-

-

0

-

4,605

0

-

-

-

Gain on purchase liability settlement

-

-

-

-1,657

0

-

-3,256

0

0

-

-

-

Other-than-temporary impairment of marketable securities

-

-

-

-

-

-

-

-

-

-

-

2,065

Loan impairment

-

-

-

-

-

-

-

-

-

-573

-

-

Loan and realty recoveries

-

-

-

-

-

-

-

-

-

-

-1,077

0

Gain on payoff of mortgage note

-

-

-

-

-

-

-

-

-

0

-

-

Share-based compensation

3,646

2,490

2,612

1,732

2,134

2,020

2,339

2,168

3,087

2,368

853

7

Impairment of real estate assets in discontinued operations

-

-

-

-

-

-

-

-

-

-

25

1,986

Change in operating assets and liabilities:
Accounts receivable

-

-

-

-

-

-

-

-

-

-

-174

-321

Other assets

-1,604

5,298

3,602

-437

-216

2,334

659

745

3,236

643

-102

-173

Accounts payable and accrued expenses

300

4,587

1,607

2,764

1,038

1,448

2,495

-512

95

634

-1,605

-3,120

Deferred income

16,796

140

304

-1,385

2,501

-2,830

1,937

-339

212

576

770

-22

Net cash provided by operating activities

240,955

207,869

198,095

176,638

164,425

126,143

104,193

86,266

76,854

77,544

69,062

67,134

Cash flows from investing activities:
Investment in mortgage and other notes receivable

108,232

106,991

49,853

92,051

92,249

4,447

11,082

16,241

6,566

12,422

4,501

0

Collection of mortgage and other notes receivable

2,897

4,346

43,168

84,228

21,495

1,456

18,976

17,463

4,540

9,482

19,630

33,015

Prepayment of mortgage notes receivable

-

-

-

-

-

-

-

-

-

-

-

0

Investment in real estate

219,187

131,758

157,214

359,257

106,315

520,505

635,971

110,601

75,806

98,736

81,569

4,048

Payments into facility repair escrows

-

-

-

-

-

1,554

0

0

-

-

-

-

Receipt of earnest money deposit

-

-

-

-

-

-

-

-

-525

3,325

150

0

Payment of real estate purchase liability

-

-

-

8,208

0

2,600

0

5,222

-

0

-

-

Cash withheld at closing of real estate acquisition

-

-

-

-

-

-

-

-

-

1,000

3,000

0

Long-term escrow deposit

-

-

-

-

-

0

-

-

-

0

-

-

Investment in unconsolidated entity

-

-

-

-

-

-

-

-

0

0

-

-

Real estate purchase deposit

-

-

-

-

-

-

-

-

0

-

-

-

Proceeds from disposition of real estate properties

0

0

450

27,723

9,593

0

20,952

22,975

8,971

6,247

175

42

Purchases of marketable securities

-

-

-

-

8,458

0

0

-

-

-

274

0

Proceeds from sales of marketable securities

0

0

18,182

59,607

57,406

0

0

125

12,862

75

11,261

23,164

Net cash used in investing activities

-342,521

-250,290

-163,846

-329,838

-136,326

-540,316

-625,824

-99,810

-55,474

-92,029

-55,128

52,173

Cash flows from financing activities:
Proceeds from revolving credit facilities

397,000

306,000

269,000

124,000

-

-

-

-

-

-

-

-

Payments on revolving credit facilities

181,000

443,000

206,000

0

-

-

-

-

-

-

-

-

Net change in borrowings under revolving credit facilities

-

-

-

-

340,000

-207,000

-103,000

33,300

-59,535

-37,765

-

0

Proceeds from convertible senior notes

-

-

-

-

-

200,000

0

0

-

-

-

-

Proceeds from issuance of secured debt

-

-

-

-

78,084

38,007

0

0

-

-

-

-

Borrowings on term loan

0

300,000

250,000

75,000

325,000

130,000

330,000

120,000

50,000

0

-

-

Payments on term loans

-

-

-

-

-

-

-

-

-

0

3,987

-

Repurchase of common stock

-

-

-

-

-

-

-

-

-

-

-

3,621

Repayments of Long-term Debt

1,187

1,144

250,822

767

742

328,515

99,655

0

50,000

-

-

5,525

Debt issuance costs

126

2,171

4,935

258

2,608

8,443

5,867

766

0

0

-

-

Proceeds from exercise of stock options

-

-

-

1

1

0

146

-2

200

183

78

245

Payments to Noncontrolling Interests

15

0

0

1,565

2,292

2,049

1,250

177

0

0

-

-

Proceeds from Noncontrolling Interests

643

0

0

-

-

-

-

-

-

-

-

-

Value of shares withheld from options exercised for employee tax withholding

1,559

1,835

571

1,133

0

0

-

-

-

-

-

-

Proceeds from issuance of common shares, net

95,774

81,784

122,237

104,190

49,114

270,798

282,542

0

0

-

-

-

Convertible bond redemption

22,468

29,985

60,921

0

0

-

-

-

-

-

-

-

Distribution to acquire non-controlling interest

-

-

-

17,000

0

0

-

-

-

-

-

-

Dividends paid to stockholders

179,739

165,391

153,040

138,303

124,657

100,650

85,145

78,925

67,893

66,517

64,549

85,520

Net cash provided by (used in) financing activities

107,323

44,258

-35,052

144,165

-18,100

406,148

523,771

6,830

-8,158

-28,569

-68,458

-94,421

Increase in cash and cash equivalents and restricted cash

5,757

1,837

-803

-9,035

9,999

-8,025

2,140

-6,714

13,222

-43,054

-54,524

24,886

Supplemental disclosure of cash flow information:
Interest paid, net of amounts capitalized

54,027

45,882

43,191

39,539

31,289

22,172

7,964

3,240

-

1,061

91

347

Supplemental schedule of non-cash investing and financing activities:
Change in straight-line rent receivable related to investments in real estate

38,000

0

0

-

-

-

-

-

-

-

-

-

Change in mortgage notes receivable related to investments in real estate

14,000

0

0

9,753

255

0

0

-

-

-

-

-

Change in other assets related to investments in real estate

291

0

0

-

-

-

-

-

-

-

-

-

Change in accounts payable related to investments in real estate construction

-1,082

0

0

-

-

-

-

-

-

-

-

-

Noncash or Part Noncash Acquisition, Value of Liabilities Assumed

-

-

-

430

1,076

2,091

3,086

0

-

-

-

-

Change in accounts payable related to investments in real estate acquisition

2,911

1,689

-1,855

-

-

-

-

-

-

-

-

-

Investment in real estate development

0

0

10,691

32,102

14,641

8,455

11,926

0

0

-

-

-

Investment in renovations of existing real estate

17,999

15,887

7,888

3,378

3,157

4,211

6,773

0

0

-

-

-

Payments to Acquire Equity Method Investments

-

-

-

6,400

0

0

-

8,309

-

-

-

-

Tenant investment in leased asset

0

3,775

1,250

0

0

-

-

-

-

-

-

-

Noncontrolling interest conveyed in acquisition

-

-

-

-

-

-

-

10,964

-

0

-

-

Change in fair value of cash flow hedge

-

-

-

-

-

-

-

-

-

0

-

-

Assignment of net assets in equity-method investee

-

-

-

-

-

-10,304

817

0

-

-

-

-

Conversion of investment in preferred stock to common

-

-

-

-

38,132

0

0

-

-

-

-

-

Unsettled marketable securities sales transactions

-

-

-

6,464

0

0

-

-

-

-

-

-

Non-cash sale of equity-method investment

-

-

-

8,100

0

0

-

-

-

-

-

-

Tenant forfeiture of lease escrow deposit

0

10,637

0

0

-

-

22,775

0

-

-

-

-

Settlement of mortgage note by real estate acquisition

-

-

-

0

1,545

-

13,741

0

0

-22,936

-

0

Escrow deposit for tax deferred exchange

-

-

-

-

-

-

23,813

-

-

-

-

-

Tax deferred exchange funds applied to investment in real estate

-

-

-

227

0

0

0

0

-

-

-

-

Change in accounts payable related to acquisition of non-controlling interest

-

-

-

-

-

2,062

0

-

-

-

-

-

Conditional consideration in asset acquisition

-

-

-

0

3,000

0

1,600

0

-

-

-

-

Settlement of Contingent Asset Acquisition Liability

0

750

0

0

750

3,000

0

-

-

-

-

-

Additions Through Assumption Of Debt

0

0

18,311

0

0

7,858

80,528

19,250

0

0

-

-

Discount on mortgage note receivable purchased

-

-

-

-

-

-

-

-

-

-

-

0