SPIRIT REALTY CAPITAL, INC. SRC Cash Flow

Spirit realty capital, inc. (SRC)

CashFlow / Quarterly

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
Operating activities
Net (loss) income
-15,847	4,657	81,294	45,737	43,578	54,114	30,056	17,164	30,718	35,791	5,322	23,206	12,829	988	27,399	45,959	23,100	6,301	15,003	49,345	22,563	31,328	8,225	-90,346	13,848	40,293	-21,908	-11,669	-8,332	-5,190	-49,859	-30,987	9,803	-108,477	12,952	14,927	16,735
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization
52,236	-	-	-	41,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	41,437	40,379	53,980	62,117	63,132	63,673	64,220	64,994	68,049	65,300	64,263	64,664	65,173	64,493	64,671	66,296	63,380	62,069	61,968	60,549	59,263	49,107	30,913	28,316	-	-	-	-	-	-	-	-
Impairments
40,774	10,860	5,932	3,607	3,692	471	1,279	1,349	14,569	14,221	37,737	15,996	34,376	46,879	15,407	13,371	12,618	13,697	21,027	33,771	2,234	-5,262	13,214	28,152	1,911	3,734	1,964	1,601	2,103	-	-	-	-	-	-	-	-
Depreciation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	15,212	-	15,077	14,912	14,657
Amortization of intangible lease assets and below market lease intangibles, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,334	-	5,334	5,247	6,045
Amortization of deferred financing costs
1,142	1,134	1,350	1,774	2,031	1,864	1,890	2,573	2,979	2,622	2,451	2,422	2,401	2,364	2,304	2,236	2,166	2,044	1,920	1,901	2,072	1,815	1,787	1,324	973	731	2,327	6,229	3,901	269	838	-54	1,766	-908	1,726	1,701	1,679
Derivative net settlements, amortization and terminations
-	-	-	-	-	-	-	-	-	-	-	-	-	2	28	1,751	30	-	-	-57	-28	-31	-33	-24	-26	-564	-69	-54	22	-	-	-	-	-	-	-	-
Amortization of interest rate hedge losses and derivative net settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-69	-54	22	-	-	-	-	-	-	-	-
Amortization of debt discounts
1,224	1,223	1,179	1,920	2,706	2,672	2,636	3,690	4,562	3,909	3,359	3,243	3,061	2,863	1,847	747	760	652	531	663	476	-28	222	-114	-929	-935	-341	2,968	2,961	-	-	-	-	-	-	-	-
Amortization of deferred losses on interest rate swaps
702	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
3,451	3,282	3,534	3,883	3,578	2,925	3,085	4,738	4,366	2,782	2,340	9,192	2,246	2,380	3,400	1,485	2,305	2,564	3,469	3,461	3,827	2,843	3,019	3,032	2,452	1,868	2,799	2,330	1,772	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-	-	-	8,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on dispositions of real estate and other assets
388	-	-	-	8,730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loss (gain) on debt extinguishment
-	-	-	-	-	-	-	-	-	-3,415	1,792	8	-30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on dispositions of real estate and other assets
-	-	-	-	-	13,802	436	722	-605	24,909	8,707	15,273	16,217	13,144	17,960	11,115	10,146	2,130	5,991	51,739	9,151	9,135	1,081	-1,198	1,528	34,867	1,260	5	202	-	-	-	-	-	-	-	-
Non-cash revenue
1,259	6,362	5,344	4,127	4,110	4,639	4,474	4,274	5,491	7,797	6,367	7,885	6,390	10,178	4,201	5,367	6,587	4,983	5,396	5,742	4,809	3,855	4,533	4,382	3,962	3,564	13,913	757	521	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-	-	-	-	0	0	5,401	21,328	-3,415	1,792	8	-30	-93	-8,349	14,016	-5,341	-5,651	342	3,377	-1,230	-254	212	-64,708	0	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense and other
-233	-5	-22	637	-799	-717	-4	-104	-1,488	-1,011	-2,188	-1,378	-1,336	-920	1,724	-224	14	14	-192	13	14	14	1,583	-121	-121	94	-233	206	-14	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Deferred costs and other assets, net
136	1,607	-5,873	613	700	-4,285	2,427	3,732	-478	-4,550	5,021	-2,803	-534	-2,350	8,732	274	-95	-4,331	3,294	-297	1,938	22,355	759	842	1,510	-1,007	5,978	-819	3,103	-	-	-	-	-	-	-	-
Accrued restructuring charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	425	-1,072	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premiums on mortgage notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-179	-	-178	-176	-173
Accretion of discount on marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	162	684
Amortization of fair value adjustments of mortgage notes payable assumed
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	470	-	458	461	478
Bad debt (recovery) expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	-	19	-110	18
Impairment of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Equity in income of unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	121	-	17	237	153
Return on investment from unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-121	-	13	-239	-226
Gain on sale of real estate assets and property condemnation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Gain on sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	7,728	7,859
Rents and tenant receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,328	-	2,564	3,401	1,457
Prepaid expenses and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-443	-	1,379	-905	-981
Accounts payable, accrued expenses and other liabilities
-14,954	2,172	16,231	-4,864	-4,057	12,509	1,409	-2,218	-1,903	-4,148	2,833	5,291	-2,398	4,962	4,966	-535	-3,085	5,339	12,110	-4,257	-420	5,426	5,814	-3,007	-6,055	-380	-3,770	615	1,329	710	-4,895	1,976	46	-5,420	3,073	2,075	-392
Due to affiliates, deferred rental income and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,344	-	-3,214	464	4,379
Net cash provided by operating activities
67,178	79,700	115,078	72,922	71,353	102,553	73,401	67,251	93,160	94,579	98,016	104,585	96,802	128,337	82,311	87,345	89,635	108,274	103,575	88,034	79,605	63,859	86,149	2,719	65,844	68,979	8,725	32,168	28,232	34,896	23,805	24,434	28,638	6,963	32,947	28,449	26,068
Investing activities
Acquisitions of real estate
205,818	-	-	-	160,262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized real estate expenditures
7,810	-	-	-	19,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of real estate
-	-	-	-	-	-	224,347	15,422	2,722	-	60,353	82,501	135,616	231,367	189,126	162,884	72,458	172,877	155,619	281,747	265,740	388,232	206,163	205,671	157,972	232,356	80,930	38,296	56,854	76,901	32,353	53,217	1,308	-72,532	15,032	71,378	22,765
Capitalized real estate expenditures
-	-	-	-	-	-	5,636	11,243	9,890	-	11,612	10,015	13,312	-	2,329	2,426	3,552	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in loans receivable
-	-	-	-	-	0	0	0	35,450	0	1,995	0	3,000	5,073	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections of principal on loans receivable and real estate assets under direct financing leases
1,163	1,734	1,223	4,427	3,653	4,569	3,040	19,020	3,798	4,952	5,743	923	1,151	2,079	-10,452	14,632	2,151	2,372	1,526	1,472	1,452	1,444	1,355	1,967	1,319	1,382	5,848	7,267	763	-	-	-	-	-	-	-	-
Proceeds from dispositions of real estate and other assets, net
16,800	23,097	67,364	128,317	34,848	53,202	3,898	11,481	26,082	130,464	102,955	104,365	134,712	278,855	56,898	99,674	89,349	99,321	56,354	269,424	71,547	72,299	23,668	7,975	6,243	111,513	130,323	2,118	2,829	-	-	-	-	-	-	-	-
Net cash used in investing activities
-195,665	-566,383	-26,682	-160,561	-141,373	16,929	-223,045	3,836	-18,182	122,791	34,738	12,772	-16,065	-25,679	-129,612	-24,288	24,779	-111,641	-67,804	-51,093	-156,266	-348,051	-189,320	-204,688	-135,971	-149,079	61,070	-32,403	-39,181	-52,944	-26,463	-32,228	2,321	-17,438	5,391	-10,745	-892
Financing activities
Borrowings under revolving credit facilities
759,000	302,500	129,000	243,000	372,700	88,200	262,300	277,000	198,500	159,000	213,000	338,000	230,200	252,000	471,000	297,000	60,000	263,000	130,000	60,000	345,000	360,187	110,000	225,000	180,535	120,000	240,150	15,155	11,400	-	-	-	-	-	-	-	-
Repayments under revolving credit facilities
375,500	186,000	129,000	449,500	312,500	98,900	451,800	85,000	156,000	433,000	147,000	147,000	187,200	271,000	366,000	321,000	36,000	338,000	75,000	225,080	175,101	470,442	92	345,078	80,049	236,388	115,134	63	0	-	-	-	-	-	-	-	-
Borrowings under mortgages and notes payable
-	-	-	-	-	0	0	0	104,247	618,603	0	0	0	-	-	-	-	-	-	0	0	-	-	747,500	10,000	382,150	203,000	10,340	24,800	-	-	-	-	-	-	-	-
Repayments under mortgages and notes payable
1,017	43,404	27,366	168,373	2,906	2,848	2,788	146,881	18,002	144,907	49,644	7,424	19,335	73,612	329,458	364,034	96,732	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under term loans
-	-	-	-	-	-	-	-	0	-	-	-	-	50,000	295,000	406,000	45,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under 2015 Term Loan
-	-	-	-	-	-	-	-	0	-	-	-	-	0	295,000	370,000	36,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under term loans
-	0	0	400,000	420,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under term loans
-	0	820,000	0	420,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment costs
-	2,687	276	11,305	1,009	0	0	1,863	1,105	3,305	0	-544	544	3,187	14,719	10,085	540	4,352	137	890	2,733	507	0	59,069	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to investors
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	18,110	-	18,052	17,939	17,351
Proceeds from notes payable and line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37,000	-	63,000	103,607	37,189
Repayment of notes payable and line of credit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	59,304	-	35,144	102,922	44,265
Deferred financing costs
-	1,875	6,314	2,650	11,266	564	19	162	1,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	763	995	409
Transfers of net sales proceeds from (to) restricted accounts pursuant to 1031 Exchanges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-18,327	0	-39,867	-	-37,545	33,097	6,937	0	0	0	-20,784	27,802	3,571	3,492	-14,081	-	-	-	-	-	-	-	-
Transfers of net sales proceeds (to) from Master Trust Release
-	-	-	-	-	-	-	-	-	-	-	-	-	-	91	-26,716	30,578	-	3,316	-30	-43,412	31,719	7,186	6,709	6,345	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of marketable securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	61,855	20,206
Principal repayments from mortgage notes receivable and real estate assets under direct financing leases
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	878	-	818	805	809
Return of investment from unconsolidated joint venture
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	717	-	741	2,259	-1,011
Proceeds from sale of real estate assets and property condemnation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Proceeds from easement of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-1,397	1,150
Cash, cash equivalents and restricted cash held by SMTA at Spin-Off
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-2,034	-	436	3,461	-997
Repayments under mortgages and notes payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	154,782	167,102	-	8,222	539,766	14,116	-	11,828	10,672	10,839	-	-	-	-	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	51	-	2,940	952	125	-	0	220	3,562	-	11	19,497	503	14,358	11,918	4,010	4,113	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of offering costs
-	-	-	-	-	-	-	-	0	-	-	-	-	-	44,660	388,030	13,923	-	-44	268,703	78,552	-	-250	287,704	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from exercise of stock options
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	46	0	-	0	0	183	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of offering costs
17,677	139,425	375,733	129,891	32,379	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of shares of common stock, including tax withholdings related to net stock settlements
2,349	1	1,158	678	704	56	691	65,295	104,526	60,883	21,921	203,023	804	14	0	1	738	2,572	980	0	720	0	2,810	6	104	-	-	-	-	-	-	-	14,354	-38,381	14,261	12,217	11,903
Dividends paid
-	-	-	-	-	-	-	-	-	-	-	-	-	-	83,944	77,601	77,381	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
64,362	62,331	56,319	54,257	53,615	53,560	77,129	78,713	80,821	82,062	82,419	87,475	87,218	-	-	-	-	76,031	75,057	71,128	70,046	-	66,303	61,634	61,573	50,194	31,140	26,510	28,247	-	-	-	-	-	-	-	-
Stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	293	-	-	-	-	-	-	-	-
Purchase of treasury stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Consent fees paid to lenders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	3,863	1,364	222	-	-	-	-	-	-	-	-
Preferred stock dividends paid
2,588	2,587	2,587	2,588	2,588	2,588	2,588	2,588	2,588	2,530	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfers (from) to reserve/escrow deposits with lenders, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	377	81	-841	-	796	-17,060	-1,593	9,987	-13	-347	850	2,664	8,440	-35	-250	-	-	-	-	-	-	-	-
Net cash provided by financing activities
330,861	143,040	260,281	80,736	20,491	-67,360	147,285	-171,583	-61,531	-210,954	-87,984	-106,519	-64,952	-156,589	31,075	-42,639	-127,212	-25,752	-47,235	-105,401	8,614	410,243	32,325	292,961	33,523	104,313	-65,451	-17,089	-7,264	46,215	-23,676	53,802	-54,768	-37,123	-5,220	-30,466	-36,739
Net increase (decrease) in cash, cash equivalents and restricted cash
202,374	-343,643	348,677	-6,903	-49,529	52,122	-2,359	-100,496	13,447	6,416	44,770	10,838	15,785	-53,931	-16,226	20,418	-12,798	-29,119	-11,464	-68,460	-68,047	126,051	-70,846	90,992	-36,604	24,213	4,344	-17,324	-18,213	28,167	-26,334	46,008	-23,809	-47,598	33,118	-12,762	-11,563
Reclass of residual value on expired deferred financing lease to operating asset
-	-	-	-	-	-	-	-	-	-	-	0	8,613	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net real estate and other collateral assets sold or surrendered to lender
-	-	-	-	-	-	-	15,513	12,758	-	-	0	35,008	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative changes in fair value
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Cash Flow Disclosures:
Cash paid for interest
29,145	11,775	18,513	26,190	17,052	-	-	38,408	38,555	-	-	18,166	38,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
86	10,705	76	783	262	-	-	647	107	-	-	661	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental Disclosures of Non-Cash Activities:
Relief of debt through sale or foreclosure of real estate properties
-	0	0	0	10,368	-	-	22,202	33,917	-	-	35,528	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net real estate and other collateral assets sold or surrendered to lender
-	0	0	0	654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flow hedge changes in fair value
-	-	4,267	9,305	5,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction of debt in exchange for collateral assets
-	-	-	-	-	-	-	-	-	-	-	-	35,522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest capitalized to principal
-	0	0	0	251	-	-	-650	1,062	-	-	492	714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued market-based award dividend rights
470	170	231	308	308	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued capitalized costs
1,015	165	-1,205	2,128	1,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued market-based award dividend rights
-	-	-	-	-	-	-	30	276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued capitalized costs
1,015	165	-1,205	2,128	1,142	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use lease assets
-	0	0	0	6,143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
-	0	0	0	6,143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclass of residual value from direct financing lease to operating lease
6,831	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
-	0	0	0	6,143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Spirit Realty, L.P.
Net (loss) income
-15,847	4,657	81,294	45,737	43,578	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Income (Loss) Attributable to Parent
-	-	-	-	-	-	30,056	17,164	30,718	-	5,322	23,206	12,829	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
52,236	-	-	-	41,349	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Impairments
40,774	-	-	-	3,692	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
-	-	-	-	-	-	40,379	53,980	62,117	-	63,673	64,220	64,994	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	-	-	-	1,279	1,349	14,569	-	37,737	15,996	34,376	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
1,142	1,134	1,350	1,774	2,031	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	-	-	-	1,890	2,573	2,979	-	2,451	2,422	2,401	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts
1,224	1,223	1,179	1,920	2,706	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of debt discounts
-	-	-	-	-	-	2,636	3,690	4,562	-	3,359	3,243	3,061	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred losses on interest rate swaps
702	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
3,451	3,282	3,534	3,883	3,578	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Stock-based compensation expense
-	-	-	-	-	-	3,085	4,738	4,366	-	2,340	9,192	2,246	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-	-	-	8,783	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on debt extinguishment
-	-	-	-	-	-	0	5,401	21,328	-	1,792	8	-30	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on dispositions of real estate and other assets
388	-	-	-	8,730	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash revenue
1,259	6,362	5,344	4,127	4,110	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense and other
-233	-5	-22	637	-799	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
(Gain) loss on dispositions of real estate and other assets
-	-	-	-	-	-	436	722	-605	-	8,707	15,273	16,217	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash revenue
-	-	-	-	-	-	4,474	4,274	5,491	-	6,367	7,885	6,390	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Bad debt expense and other
-	-	-	-	-	-	-4	-104	-1,488	-	-2,188	-1,378	-1,336	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs and other assets, net
136	1,607	-5,873	613	700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred costs and other assets, net
-	-	-	-	-	-	2,427	3,732	-478	-	5,021	-2,803	-534	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
-14,954	2,172	16,231	-4,864	-4,057	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses and other liabilities
-	-	-	-	-	-	1,409	-2,218	-1,903	-	2,833	5,291	-2,398	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	-	-	-	73,401	67,251	93,160	-	98,016	104,585	96,802	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
67,178	79,700	115,078	72,922	71,353	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of real estate
205,818	-	-	-	160,262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized real estate expenditures
7,810	-	-	-	19,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisitions of real estate
-	-	-	-	-	-	224,347	15,422	2,722	-	60,353	82,501	135,616	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized real estate expenditures
-	-	-	-	-	-	5,636	11,243	9,890	-	11,612	10,015	13,312	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investments in loans receivable
-	-	-	-	-	-	0	0	35,450	-	1,995	0	3,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections of principal on loans receivable and real estate assets under direct financing leases
1,163	1,734	1,223	4,427	3,653	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collections of principal on loans receivable and real estate assets under direct financing leases
-	-	-	-	-	-	3,040	19,020	3,798	-	5,743	923	1,151	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from dispositions of real estate and other assets, net
16,800	23,097	67,364	128,317	34,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from dispositions of real estate and other assets, net
-	-	-	-	-	-	3,898	11,481	26,082	-	102,955	104,365	134,712	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-195,665	-566,383	-26,682	-160,561	-141,373	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-	-	-	-	-	-	-223,045	3,836	-18,182	-	34,738	12,772	-16,065	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under revolving credit facilities
759,000	302,500	129,000	243,000	372,700	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under revolving credit facilities
-	-	-	-	-	-	262,300	277,000	198,500	-	213,000	338,000	230,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under revolving credit facilities
375,500	186,000	129,000	449,500	312,500	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under revolving credit facilities
-	-	-	-	-	-	451,800	85,000	156,000	-	147,000	147,000	187,200	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under mortgages and notes payable
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under mortgages and notes payable
1,017	43,404	27,366	168,373	2,906	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under mortgages and notes payable
-	-	-	-	-	-	2,788	146,881	18,002	-	49,644	7,424	19,335	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under term loans
-	0	0	400,000	420,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under term loans
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under 2015 Term Loan
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under term loans
-	0	820,000	0	420,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under mortgages and notes payable
-	-	-	-	-	-	-	-	104,247	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment costs
-	2,687	276	11,305	1,009	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt extinguishment costs
-	-	-	-	-	-	0	1,863	1,105	-	0	-544	544	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
-	1,875	6,314	2,650	11,266	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	19	162	1,236	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of offering costs
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock, net of offering costs
17,677	139,425	375,733	129,891	32,379	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs
-	-	-	-	-	-	-	-	-	-	-	-	51	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of shares of common stock, including tax withholdings related to net stock settlements
2,349	1	1,158	678	704	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of partnership units, including tax withholdings related to net settlement of common units
-	-	-	-	-	-	691	65,295	104,526	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
64,362	62,331	56,319	54,257	53,615	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock dividends paid
-	-	-	-	-	-	77,129	78,713	80,821	-	82,419	87,475	87,218	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends paid
2,588	2,587	2,587	2,588	2,588	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Preferred stock dividends paid
-	-	-	-	-	-	2,588	2,588	2,588	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repurchase of partnership units
-	-	-	-	-	-	-	-	-	-	-	-	804	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by financing activities
330,861	143,040	260,281	80,736	20,491	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) financing activities
-	-	-	-	-	-	147,285	-171,583	-61,531	-	-87,984	-106,519	-64,952	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash, cash equivalents and restricted cash
202,374	-343,643	348,677	-6,903	-49,529	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net (decrease) increase in cash, cash equivalents and restricted cash
-	-	-	-	-	-	-2,359	-100,496	13,447	-	44,770	10,838	15,785	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net real estate and other collateral assets sold or surrendered to lender
-	-	-	-	-	-	-	15,513	12,758	-	-	0	35,008	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclass of residual value on expired deferred financing lease to operating asset
-	-	-	-	-	-	-	-	-	-	-	0	8,613	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Derivative changes in fair value
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
29,145	11,775	18,513	26,190	17,052	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for interest
-	-	-	-	-	-	-	38,408	38,555	-	-	18,166	38,899	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
86	10,705	76	783	262	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash paid for income taxes
-	-	-	-	-	-	-	647	107	-	-	661	88	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Relief of debt through sale or foreclosure of real estate properties
-	0	0	0	10,368	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Relief of debt through sale or foreclosure of real estate properties
-	-	-	-	-	-	-	22,202	33,917	-	-	35,528	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net real estate and other collateral assets sold or surrendered to lender
-	0	0	0	654	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash flow hedge changes in fair value
-	-	4,267	9,305	5,021	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest capitalized to principal
-	0	0	0	251	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reduction of debt in exchange for collateral assets
-	-	-	-	-	-	-	-	-	-	-	-	35,522	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued interest capitalized to principal
-	-	-	-	-	-	-	-650	1,062	-	-	492	714	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued market-based award dividend rights
470	170	231	308	308	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued capitalized costs
1,015	165	-1,205	2,128	1,142	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Right-of-use lease assets
-	0	0	0	6,143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued market-based award dividend rights
-	-	-	-	-	-	-	30	276	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued capitalized costs
-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
-	0	0	0	6,143	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Reclass of residual value from direct financing lease to operating lease
6,831	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-