Omega healthcare investors, inc. (OHI)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash flows from operating activities
Net income

351,947

293,884

104,910

383,367

233,315

221,349

172,521

120,698

52,606

58,436

82,111

78,137

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

301,683

281,279

287,591

267,062

210,703

123,257

128,646

112,983

100,337

84,623

44,694

39,890

Impairment on real estate properties

48,939

35,014

99,070

58,726

17,681

3,660

415

272

26,344

155

159

5,584

Impairment on direct financing leases

7,917

27,168

198,199

-

-

-

-

-

-

-

-

-

Provision for credit losses

-

6,689

14,580

9,845

7,871

2,723

2,141

-

6,439

-

2,765

4,248

Provision for rental income

11,120

-

-

-

-

-

-

-

-

-

-

-

Income from accretion of marketable securities to redemption value

-

-

-

-

-

-

-

-

-

-

-

-207

Interest - amortization of deferred financing costs

9,564

8,960

19,711

11,458

35,827

7,500

-8,333

10,569

5,745

23,262

2,998

2,001

Accretion of direct financing leases

-13

-109

6,107

12,157

11,007

9,787

770

-

-

-

-

-

Refinancing costs

-

-

-

-

-

-

-

-

-

-

-

0

Stock-based compensation expense

15,359

15,987

15,212

13,790

11,133

8,592

5,942

5,942

6,037

2,211

1,918

2,103

Gain on assets sold - net

55,696

24,774

53,912

50,208

6,353

2,863

-1,151

11,799

1,670

-4

753

-12,292

Amortization of acquired in-place leases - net

-5,904

-10,707

-11,910

-13,991

13,846

4,986

5,083

5,312

6,088

3,968

-

0

Effective yield receivable on mortgage notes

173

1,068

1,924

721

4,065

2,878

1,757

2,235

1,341

-

-

-

Interest paid-in-kind

7,160

6,360

-

-

-

-

-

-

-

-

-

-

Income from unconsolidated joint ventures

22

-

-

-

-

-

-

-

-

-

-

-

Other

-

-

-

-

-

-

-

-663

-150

-93

-181

-188

Change in operating assets and liabilities - net:
Contractual receivables

5,931

-2,368

36,621

4,876

-248

-

-

-

-

-

-

-

Gain on sale of securities

-

-

-

-

-

-

-

-

-

789

-

0

Amortization of in-place leases

-

-

-

-

13,846

-

-

-

-

-

-

-

Accounts receivable

-

-

-

-

-

2,264

-867

246

1,463

45

180

681

Straight-line rent receivables

46,580

61,559

25,240

42,091

36,057

20,956

26,899

25,404

12,560

11,210

8,893

-11,860

Lease inducements

42,071

32,738

8,419

-2,589

-994

-2,656

-3,080

3,369

3,380

6

213

-2,596

Income tax liabilities

-

-

-

-

-

-

-

-

-

-

-

-72

Other operating assets and liabilities

29,302

34,879

17,228

-1,980

-2,972

-11,537

-8,028

-97

7,601

-2,762

-14,316

-5,642

Operating assets and liabilities for owned and operated properties

-

-

-

-

-

-

-

-

244

-2,221

-8,482

-10,459

Net cash provided by operating activities

553,747

499,373

577,912

624,773

449,416

337,540

279,949

208,271

169,771

157,563

147,223

89,328

Cash flows from investing activities
Acquisition of a business, net of cash acquired

59,616

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate

377,841

105,119

385,418

-

-

-

-

-

-

-

-

-

Acquisition of real estate or other

-

-

-

959,748

294,182

131,689

32,515

396,623

86,704

343,180

159,476

112,760

Net proceeds from sale of real estate investments

219,262

309,586

257,812

169,603

41,543

4,077

2,292

29,023

5,150

81

862

31,902

Cash acquired in acquisition

-

-

2,341

-

84,858

-

-

-

-

-

-

-

Investments in construction in progress

139,678

139,441

86,689

68,983

164,226

-

-

-

-

-

-

-

Investments in direct financing leases

-

-

7,183

2,080

6,793

-

528,675

-

-

-

-

-

Proceeds from direct financing lease and related trust

93,730

20,979

33,306

-

-

-

-

-

-

-

-

-

Placement of mortgage loans

20,702

65,340

34,643

48,722

14,042

529,548

3,378

11,969

130,042

20,657

-

-74,928

Investment in purchase option

-

-

-

-

-

-

-

-

-

-

25,000

0

Collection of mortgage principal

54,529

26,088

1,529

59,975

1,359

122,984

485

12,684

74

78

748

-5,945

Investments in unconsolidated joint ventures

103,963

-

-

50,032

-

-

-

-

-

-

-

-

Distributions from unconsolidated joint ventures in excess of earnings

9,079

5,471

12,175

1,318

-

-

-

-

-

-

-

-

Capital improvements to real estate investments

52,892

29,824

37,766

40,471

26,397

17,917

31,347

29,436

19,597

36,025

23,232

17,458

Receipts from insurance proceeds

8,170

8,717

2,754

-

-

-

-

-

-

-

-

-

Investments in other investments

100,312

385,707

139,047

271,557

65,402

9,441

36,655

9,737

33,504

16,436

44,944

36,310

Proceeds from other investments

91,281

181,371

95,696

96,789

45,871

13,589

30,962

15,355

6,983

21,324

42,038

16,510

Net cash (used in) provided by investing activities

-378,953

-173,219

-285,133

-1,113,908

-397,411

-547,945

-598,831

-390,703

-257,640

-394,815

-209,004

-187,099

Cash flows from financing activities
Proceeds from credit facility borrowings

1,507,000

1,291,000

1,687,000

1,304,000

1,826,000

900,000

511,000

712,000

569,000

385,000

273,600

361,300

Payments on credit facility borrowings

1,980,100

1,268,000

1,587,000

1,344,000

1,681,000

-

-

-

-

-

-

-

Net proceeds (costs) from issuance of common stock

-

-

-

19,651

439,322

61,981

278,373

77,618

31,210

138,781

23,020

195,720

Payments for exercised options and restricted stock

-

-

-

-

26,706

3,577

5,774

1,240

1,254

2,019

-699

-2,673

Payment of financing related costs incurred by Omega

-

-

-

-

-

1,141,000

343,000

726,500

296,500

479,100

243,000

345,800

Noncontrolling members' contributions to consolidated joint venture

228

-

-

-

-

-

-

-

-

-

-

-

Receipts of other long-term borrowings

494,985

-

1,346,749

1,048,173

1,838,124

842,148

159,355

400,000

-

779,770

100,000

0

Payments of other long-term borrowings

101,222

2,049

1,252,788

181,249

2,187,314

242,544

114,642

190,686

2,593

470,478

-

40,995

Payments of financing related costs

4,787

8

29,198

11,830

54,721

17,716

3,234

17,124

4,305

31,579

7,173

0

Receipts from dividend reinvestment plan

115,051

46,801

36,722

240,041

150,847

71,487

55,825

111,914

59,118

60,511

-27,229

34,072

Payments for exercised options and restricted stock

4,556

1,654

2,143

23,426

-

-

-

-

-

-

-

-

Net proceeds from issuance of common stock

404,863

75,532

22,120

-

-

-

-

-

-

-

-

-

Dividends paid

564,127

528,696

502,603

453,152

358,232

258,501

218,116

182,190

161,893

138,883

109,235

98,063

Redemption of Omega OP Units

-

134

48

733

-

-

-

-

-

-

-

-

Distributions to Omega OP Unit Holders

21,294

23,493

22,626

21,179

11,636

-

-

-

-

-

-

-

Repurchase of common stock

-

-

-

-

-

-

-

-

2,928

-

-

-

Redemption of preferred stock

-

-

-

-

-

-

-

-

108,556

-

-

7,560

Net cash provided by (used in) financing activities

-153,959

-410,701

-303,815

576,296

-65,316

212,278

319,787

183,792

81,299

242,003

63,742

96,001

Effect of foreign currency translation on cash, cash equivalents and restricted cash

874

-590

568

84

-223

-

-

-

-

-

-

-

Decrease in cash, cash equivalents and restricted cash

21,709

-85,137

-10,468

87,245

-13,534

1,873

905

1,360

-6,570

4,751

1,961

-1,770

Interest paid during the period, net of amounts capitalized

-

-

-

-

-

110,919

100,716

94,841

79,199

60,290

36,184

38,016

Assumed debt obligations

-

-

-

-

-

-

-

-

-

-

-

0

Total

-

-

-

-

-

-

-

-

-

-

-

0

Assumed Aviv debt

-

-

-

-

-

-

-

80,946

101,259

202,015

59,354

-

Assumed other assets/liabilities

-

-

-

-

-

-

-

13,640

-

-

-

-

Non-cash settlement of mortgage obligations

-

-

-

-

-

-

-

-

-

-12,395

-

0

Non-cash acquisition of real estate properties

-

-

-

-

-

-

-

-

-

-12,395

-

0

Stock consideration issued for acquisition

-

-

-

-

-

-

-

-

-

19,693

52,806

0

Total non-cash real estate acquisition related items

-

-

-

-

-

-

-

94,586

101,259

221,708

112,160

-

Omega OP
Net income

-

-

-

383,367

-

-

-

-

-

-

-

-

Net income

351,947

293,884

104,910

-

-

-

-

-

-

-

-

-

Depreciation and amortization

-

-

-

267,062

-

-

-

-

-

-

-

-

Depreciation and amortization

301,683

281,279

287,591

-

-

-

-

-

-

-

-

-

Impairment on real estate properties

-

-

-

58,726

-

-

-

-

-

-

-

-

Impairment on real estate properties

48,939

35,014

99,070

-

-

-

-

-

-

-

-

-

Impairment on direct financing leases

7,917

27,168

198,199

-

-

-

-

-

-

-

-

-

Provision for uncollectible accounts

-

-

-

9,845

-

-

-

-

-

-

-

-

Provision for credit losses

-

6,689

14,580

-

-

-

-

-

-

-

-

-

Provision for rental income

11,120

-

-

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

-

-

-

13,790

-

-

-

-

-

-

-

-

Interest - amortization of deferred financing costs and refinancing costs

-

-

-

11,458

-

-

-

-

-

-

-

-

Interest - amortization of deferred financing costs

9,564

8,960

19,711

-

-

-

-

-

-

-

-

-

Accretion of direct financing leases

-

-

-

12,157

-

-

-

-

-

-

-

-

Accretion of direct financing leases

-13

-109

6,107

-

-

-

-

-

-

-

-

-

Stock-based compensation expense

15,359

15,987

15,212

-

-

-

-

-

-

-

-

-

Gain on assets sold - net

-

-

-

50,208

-

-

-

-

-

-

-

-

Gain on assets sold - net

55,696

24,774

53,912

-

-

-

-

-

-

-

-

-

Amortization of acquired in-place leases - net

-

-

-

-13,991

-

-

-

-

-

-

-

-

Amortization of acquired in-place leases - net

-5,904

-10,707

-11,910

-

-

-

-

-

-

-

-

-

Effective yield receivable on mortgage notes

-

-

-

721

-

-

-

-

-

-

-

-

Effective yield receivable on mortgage notes

173

1,068

1,924

-

-

-

-

-

-

-

-

-

Interest paid-in-kind

7,160

6,360

-

-

-

-

-

-

-

-

-

-

Income from unconsolidated joint ventures

22

-

-

-

-

-

-

-

-

-

-

-

Contractual receivables

5,931

-2,368

36,621

-

-

-

-

-

-

-

-

-

Contractual receivables

-

-

-

4,876

-

-

-

-

-

-

-

-

Straight-line rent receivables

-

-

-

42,091

-

-

-

-

-

-

-

-

Straight-line rent receivables

46,580

61,559

25,240

-

-

-

-

-

-

-

-

-

Lease inducements

-

-

-

-2,589

-

-

-

-

-

-

-

-

Lease inducements

42,071

32,738

8,419

-

-

-

-

-

-

-

-

-

Other operating assets and liabilities

-

-

-

-1,980

-

-

-

-

-

-

-

-

Other operating assets and liabilities

29,302

34,879

17,228

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

-

-

-

624,773

-

-

-

-

-

-

-

-

Net cash provided by operating activities

553,747

499,373

577,912

-

-

-

-

-

-

-

-

-

Acquisition of a business, net of cash acquired

59,616

-

-

-

-

-

-

-

-

-

-

-

Acquisition of real estate

377,841

105,119

385,418

-

-

-

-

-

-

-

-

-

Investments in direct financing leases

-

-

-

2,080

-

-

-

-

-

-

-

-

Acquisition of real estate

-

-

-

959,748

-

-

-

-

-

-

-

-

Net proceeds from sale of real estate investments

-

-

-

169,603

-

-

-

-

-

-

-

-

Net proceeds from sale of real estate investments

219,262

309,586

257,812

-

-

-

-

-

-

-

-

-

Cash acquired in acquisition

-

-

2,341

-

-

-

-

-

-

-

-

-

Investments in construction in progress

-

-

-

68,983

-

-

-

-

-

-

-

-

Investments in construction in progress

139,678

139,441

86,689

-

-

-

-

-

-

-

-

-

Investments in direct financing leases

-

-

7,183

-

-

-

-

-

-

-

-

-

Proceeds from direct financing lease and related trust

93,730

20,979

33,306

-

-

-

-

-

-

-

-

-

Placement of mortgage loans

-

-

-

48,722

-

-

-

-

-

-

-

-

Placement of mortgage loans

20,702

65,340

34,643

-

-

-

-

-

-

-

-

-

Collection of mortgage principal

-

-

-

59,975

-

-

-

-

-

-

-

-

Collection of mortgage principal

54,529

26,088

1,529

-

-

-

-

-

-

-

-

-

Investments in unconsolidated joint venture

-

-

-

50,032

-

-

-

-

-

-

-

-

Investments in unconsolidated joint ventures

103,963

-

-

-

-

-

-

-

-

-

-

-

Distributions from unconsolidated joint venture in excess of earnings

-

-

-

1,318

-

-

-

-

-

-

-

-

Distributions from unconsolidated joint ventures in excess of earnings

9,079

5,471

12,175

-

-

-

-

-

-

-

-

-

Capital improvements to real estate investments

-

-

-

40,471

-

-

-

-

-

-

-

-

Capital improvements to real estate investments

52,892

29,824

37,766

-

-

-

-

-

-

-

-

-

Receipts from insurance proceeds

8,170

8,717

2,754

-

-

-

-

-

-

-

-

-

Investments in other investments

-

-

-

271,557

-

-

-

-

-

-

-

-

Investments in other investments

100,312

385,707

139,047

-

-

-

-

-

-

-

-

-

Proceeds from other investments

-

-

-

96,789

-

-

-

-

-

-

-

-

Proceeds from other investments

91,281

181,371

95,696

-

-

-

-

-

-

-

-

-

Net cash used in investing activities

-

-

-

-1,113,908

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-378,953

-173,219

-285,133

-

-

-

-

-

-

-

-

-

Proceeds from secured borrowing

2,275

-

-

-

-

-

-

-

-

-

-

-

Repayments of secured borrowings

1,222

-

-

-

-

-

-

-

-

-

-

-

Repayment of term loan

25,000

-

-

-

-

-

-

-

-

-

-

-

Proceeds from intercompany loans payable from Omega

-

-

-

2,352,173

-

-

-

-

-

-

-

-

Proceeds from intercompany loans payable from Omega

1,999,710

1,291,000

3,033,749

-

-

-

-

-

-

-

-

-

Repayment of intercompany loans payable to Omega

-

-

-

1,525,249

-

-

-

-

-

-

-

-

Repayment of intercompany loans payable to Omega

2,055,100

1,270,049

2,839,788

-

-

-

-

-

-

-

-

-

Payment of financing related costs incurred by Omega

-

-

-

11,830

-

-

-

-

-

-

-

-

Payment of financing related costs incurred by Omega

4,787

8

29,198

-

-

-

-

-

-

-

-

-

Noncontrolling members' contributions to consolidated joint venture

228

-

-

-

-

-

-

-

-

-

-

-

Equity contributions from general partners

-

-

-

236,266

-

-

-

-

-

-

-

-

Equity contributions from general partners

515,358

120,679

56,699

-

-

-

-

-

-

-

-

-

Distributions to general partners

-

-

-

453,152

-

-

-

-

-

-

-

-

Distributions to general partners

564,127

528,696

502,603

-

-

-

-

-

-

-

-

-

Distributions to limited partners

-

-

-

21,179

-

-

-

-

-

-

-

-

Distributions to limited partners

21,294

23,493

22,626

-

-

-

-

-

-

-

-

-

Redemption of Omega OP Units

-

-

-

733

-

-

-

-

-

-

-

-

Redemption of Omega OP Units

-

134

48

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by financing activities

-

-

-

576,296

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

-153,959

-410,701

-303,815

-

-

-

-

-

-

-

-

-

Effect of foreign currency translation on cash, cash equivalents and restricted cash

-

-

-

84

-

-

-

-

-

-

-

-

Effect of foreign currency translation on cash, cash equivalents and restricted cash

874

-590

568

-

-

-

-

-

-

-

-

-

(Decrease) increase in cash, cash equivalents and restricted cash

-

-

-

87,245

-

-

-

-

-

-

-

-

Increase (decrease) in cash, cash equivalents and restricted cash

21,709

-85,137

-10,468

-

-

-

-

-

-

-

-

-