Sabra health care reit, inc. (SBRA)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10
Cash flows from operating activities:
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest

181,927

69,018

9,894

21,836

138,942

279,115

402,467

382,308

202,055

158,365

77,566

87,809

104,739

70,205

72,119

64,841

44,201

79,383

76,535

75,699

73,669

46,909

37,672

32,295

16,837

33,715

24,675

18,080

24,665

19,513

22,718

19,835

15,999

12,842

5,685

0

0

0

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

180,768

181,549

185,595

190,971

188,323

191,379

194,893

172,358

142,750

113,882

79,489

70,658

69,843

68,472

69,399

68,603

66,695

63,079

59,418

52,874

48,132

43,332

37,422

35,918

34,385

33,281

32,633

31,871

31,206

30,263

29,720

29,074

27,808

26,591

22,361

0

0

0

Non-cash rental and related revenues

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of above and below market lease intangibles, net

-

-

-

-

-

-

0

0

-1,596

-

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Non-cash interest income

2,211

2,212

2,258

2,251

2,292

2,300

2,354

1,994

1,365

769

104

-190

-386

-582

-832

-857

-735

-626

-451

-397

-368

-325

-267

-207

-144

-79

-35

-27

-29

-24

0

0

0

-

-

-

-

-

Non-cash interest expense

9,700

10,100

10,398

10,426

10,219

10,100

10,060

9,553

8,690

7,800

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amortization of deferred financing costs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

5,103

-

5,062

4,702

4,361

4,045

3,697

3,563

3,459

3,280

3,163

3,077

2,885

2,685

2,408

2,200

2,069

1,998

1,737

0

0

0

Stock-based compensation expense

9,404

9,819

10,202

9,379

9,288

7,648

6,305

7,879

6,906

8,359

9,688

8,163

8,266

7,496

6,871

5,103

5,023

6,123

8,903

9,731

10,256

9,851

8,947

8,678

7,858

7,819

7,739

8,370

8,550

8,279

7,100

5,964

5,661

4,600

3,584

0

0

0

Gain (Loss) on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-556

-556

-556

-556

0

0

-158

-238

-1,576

-1,577

-1,769

-2,197

-859

0

0

0

-

-

-

-

-

-

-

-

-

Amortization of debt premium/discount

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

105

-

100

74

48

-10

-169

-303

-505

-671

-731

-740

-542

-347

-155

-15

-15

-15

-13

0

0

0

Amortization of premium on senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

Deferred taxes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Straight-line rental income adjustments

-

-

-

-

-

-

0

0

36,396

-

23,534

20,445

20,998

21,984

22,758

23,603

24,257

24,320

25,019

23,222

21,291

19,821

16,947

15,842

15,212

14,709

12,872

10,503

7,607

4,893

4,229

3,654

3,061

2,092

720

0

0

0

Provision for loan losses and other reserves

698

1,238

31,083

39,936

39,069

39,075

19,108

15,347

16,556

17,113

9,711

5,102

4,790

5,543

9,523

11,472

14,221

12,842

7,205

4,716

4,738

3,594

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

Write-off of straight-line rental income

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

-

-

-

-

Change in fair value of contingent consideration

-

-

-

-

-

-

-

-

-

426

2,128

2,298

2,348

1,526

1,800

1,800

1,650

1,550

400

400

1,160

1,560

1,260

1,660

600

-200

-600

-900

-500

0

0

0

0

-

-

-

-

-

Net loss on sales of real estate

3,603

2,300

-13,031

-12,998

127,150

128,198

189,860

190,428

51,557

52,029

1,695

2,564

-1,520

-6,122

-1,249

-6,538

-4,763

-161

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Impairment of real estate

18,719

121,819

119,102

105,136

104,013

1,413

2,739

2,739

1,826

1,326

0

0

0

29,811

29,811

29,811

29,811

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss from unconsolidated joint venture

-9,080

-6,796

-7,440

-8,560

-7,260

-5,431

-3,626

-1,901

446

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Distributions of earnings from unconsolidated joint venture

14,868

13,865

12,578

12,184

11,947

8,910

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Accounts receivable, prepaid expenses and other assets, net

6,610

9,639

9,974

9,912

15,019

6,753

15,277

3,366

16,678

16,811

9,285

21,179

-1,770

2,339

6,411

8,270

25,521

22,827

20,499

18,114

9,047

7,993

4,494

3,067

5,098

3,459

1,692

866

469

82

1,475

2,033

1,552

1,035

53

0

0

0

Accounts payable and accrued liabilities

-6,534

-13,870

-17,343

-42,370

-29,259

-11,745

-29,808

-61,878

-65,853

-71,198

-55,466

1,674

7,646

7,312

15,604

10,287

6,535

6,977

-12,382

10,337

5,561

12,635

17,624

6,865

1,003

5,430

4,523

5,112

3,781

1,321

5,046

3,296

5,642

5,695

11,136

0

0

0

Restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

3,704

4,644

4,517

3,962

4,362

3,592

3,029

3,632

3,203

3,383

3,864

3,725

3,776

3,544

3,716

3,620

3,756

4,062

3,840

3,879

2,858

0

0

0

Net cash provided by operating activities

393,335

372,475

354,543

340,911

312,898

360,586

365,555

293,060

205,849

135,789

95,370

135,716

182,789

175,928

175,802

164,288

121,126

121,101

93,213

107,723

108,831

85,337

84,127

68,034

41,703

62,099

57,561

55,151

61,391

56,252

58,098

50,864

48,711

44,705

41,101

0

0

0

Cash flows from investing activities:
Cash received in the Separation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Acquisition of real estate

118,410

51,136

37,487

47,529

89,510

261,511

265,842

619,431

591,906

419,905

0

0

0

-

-

-

-

-

-

-

-

771,479

841,659

238,169

234,605

125,955

113,549

156,049

175,574

205,424

114,850

186,050

234,350

204,500

187,700

0

0

0

Origination of note receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

Origination and fundings of loans receivable

11,225

13,065

18,724

31,397

40,275

50,731

53,045

44,469

29,963

17,239

5,839

4,319

4,333

9,675

32,958

34,233

48,234

49,687

33,348

49,761

54,272

66,397

0

0

0

-

-

-

-

-

-

-

-

5,348

5,348

0

0

0

Payments to Acquire Investments

-

-

-

-

-

5,313

5,321

3,618

3,626

2,749

3,216

1,252

6,415

7,348

10,368

13,845

13,477

12,804

13,467

14,159

15,792

15,486

11,714

8,352

2,397

7,038

6,624

5,144

4,646

0

0

0

0

-

-

-

-

-

Additions to real estate

32,335

25,451

21,987

19,476

21,230

27,697

25,416

22,477

17,973

6,954

3,335

1,423

1,049

1,003

2,994

3,530

3,488

3,689

1,916

1,721

2,090

1,471

1,527

1,321

820

764

395

542

790

1,046

1,039

730

256

86

102

0

0

0

DIP loan fundings

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

0

0

0

-

-

-

-

-

Repayments of loans receivable

14,127

18,367

17,268

23,004

28,235

51,789

72,002

69,770

61,117

32,430

9,725

23,616

207,206

215,962

217,465

197,644

12,625

5,803

4,095

3,149

3,149

1,097

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

0

Repayments of preferred equity investments

-6,051

-5,079

-4,051

-8,958

-8,723

-6,870

-7,007

-1,364

-3,989

-3,755

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Investment in unconsolidated joint venture

-

-

-

-

-

354,461

354,461

354,461

354,461

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net proceeds from the sales of real estate

328,465

329,050

413,411

427,095

382,674

382,560

429,384

422,345

156,986

150,243

24,280

28,649

97,608

98,006

96,938

100,897

27,639

27,241

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from sale of real estate

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,208

2,208

2,208

0

0

0

0

-

-

-

-

-

Net cash (used in) provided by investing activities

186,673

262,844

356,304

356,287

264,232

-258,494

-195,691

-473,118

-697,978

-182,560

-334,312

-119,998

139,438

142,363

87,008

87,454

-481,025

-489,226

-435,854

-983,129

-704,570

-826,472

-1,053,436

-426,931

-410,337

-297,509

-134,822

-175,775

-193,752

-218,650

-132,652

-202,608

-239,380

-204,586

-126,016

0

0

0

Cash flows from financing activities:
Payment of Separation-related obligations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Net repayments of revolving credit facility

-519,000

-624,000

0

0

0

-

-

-

0

-

-

-

277,000

229,000

-204,000

-122,000

172,000

187,000

-210,000

322,000

64,000

132,500

429,000

-185,000

-23,000

43,000

142,500

185,000

185,000

92,500

0

0

0

-

-

-

-

-

Proceeds from secured debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

57,703

57,703

57,703

46,103

0

0

0

0

-

-

-

-

-

-

-

-

-

Net borrowings from revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

-

-

-

-

-

-

-

-

Proceeds from issuance of senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

499,250

350,000

350,000

550,000

200,000

0

0

0

-

-

-

-

-

-

-

-

-

Principal payments on senior unsecured notes

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

211,250

211,250

211,250

325,000

113,750

0

0

0

-

-

-

-

-

-

-

-

-

Proceeds from term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

69,360

69,360

69,360

142,602

73,242

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from mortgage notes payable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

Principal payments on secured debt

3,464

3,436

139,702

139,913

140,126

140,338

4,253

4,224

4,185

4,145

4,106

14,757

14,767

14,768

14,704

3,852

3,457

3,132

2,875

2,717

32,482

89,110

89,332

89,534

67,330

10,994

35,606

48,955

62,424

62,226

37,479

23,992

3,058

3,027

2,484

0

0

0

Payments of deferred financing costs

16,307

15,598

14,341

4,753

352

352

33

15,225

15,234

15,337

15,320

130

161

5,937

6,071

6,549

7,207

1,452

4,971

9,830

9,388

19,131

15,830

13,711

18,755

8,954

8,353

8,743

4,416

6,800

7,227

3,842

2,827

677

656

0

0

0

Distributions to noncontrolling interest

280

316

151

143

141

142

137

102

67

30

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Issuance of common stock, net

553,581

549,328

302,030

211,575

-2,323

-499

47,275

369,525

369,525

366,800

319,026

-3,224

-3,239

-1,289

-1,503

-1,948

145,716

139,403

419,939

430,310

503,208

510,147

267,292

257,267

36,403

34,517

-3,041

-2,942

-2,111

53

-45

162,839

162,872

163,242

163,431

0

0

0

Issuance of preferred stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

138,249

138,257

138,345

138,983

0

0

0

0

-

-

-

-

-

Dividends paid on common stock

347,565

335,435

327,464

322,219

322,691

325,220

340,254

286,134

234,885

182,089

116,794

120,667

119,956

119,264

118,561

117,842

113,526

109,897

104,454

95,707

90,564

81,489

73,128

67,867

62,032

58,151

54,904

51,875

49,432

48,929

48,464

48,052

43,853

31,640

19,878

0

0

0

Net cash provided by (used in) financing activities

-549,758

-646,180

-810,529

-865,391

-602,426

-629,344

-73,534

382,708

527,772

598,817

252,806

-106,778

-319,123

-300,898

-275,300

-153,917

365,042

314,078

348,866

866,548

595,624

798,620

898,147

281,212

319,355

222,617

143,425

210,284

183,251

137,249

48,614

151,400

113,134

127,898

141,332

0

0

0

Net increase (decrease) in cash, cash equivalents and restricted cash

30,250

-10,861

-99,682

-168,193

-25,296

-527,252

96,330

202,650

35,643

552,046

13,864

-91,060

3,104

17,393

-12,490

97,825

5,143

-54,047

6,225

-8,858

-115

57,485

-71,162

-77,685

-49,279

-12,793

66,164

89,660

50,890

-25,149

-25,940

-344

-77,535

-31,983

56,417

0

0

0

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

-463

346

-172

13

-235

-539

-176

356

562

738

11

27

-85

25

691

1

-181

-312

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Supplemental disclosure of cash flow information:
Interest paid

103,185

123,854

126,379

144,506

137,240

137,668

132,369

108,535

94,182

69,686

59,061

57,597

57,902

59,234

59,479

59,015

56,573

53,875

51,168

44,611

44,010

34,468

43,309

34,000

42,696

38,541

37,434

37,775

33,537

32,613

28,649

28,758

28,250

28,557

17,784

0

0

0

Supplemental disclosure of non-cash investing activities:
Decrease in loans receivable and other investments due to acquisition of real estate

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-