STORE CAPITAL CORP STOR Cash Flow

Store capital corp (STOR)

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
Operating activities
Net income
62,660	59,837	111,618	67,964	45,556	56,584	48,225	62,201	49,960	41,008	28,580	61,060	31,390	31,940	36,343	30,249	24,793	24,072	22,998	19,634	17,066	17,423	10,755	10,422	9,539
Adjustments to net income:
Depreciation and amortization
59,338	57,340	55,919	55,000	53,716	49,519	45,781	44,216	42,310	40,079	37,589	37,396	35,215	32,992	31,112	29,035	26,479	24,884	23,271	21,568	18,892	16,835	15,480	13,149	11,561
Amortization of deferred financing costs and other noncash interest expense
2,142	3,237	2,199	2,202	2,051	3,578	1,845	2,023	2,103	1,851	4,037	2,081	2,009	1,948	1,832	1,791	1,696	1,664	1,792	1,654	1,397	1,459	2,875	1,453	1,359
Amortization of debt (premium) and discount, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-25
Amortization of equity-based compensation
-3,572	3,620	3,326	3,071	1,686	2,659	2,283	2,200	1,466	2,051	2,012	1,994	1,874	1,803	1,796	1,762	1,661	1,285	1,291	1,262	897	597	557	767	373
Provisions for impairment
2,900	8,800	7,341	0	2,610	5,202	0	1,038	1,570	1,500	7,670	0	4,270	-	-	-	-	0	0	0	1,000	-	-	-	0
Net (gain) loss on dispositions of real estate
2,746	11,747	59,290	15,033	-1,928	14,676	1,261	19,957	9,634	3,831	6,345	25,734	3,699	3,763	6,733	3,147	-347	-	-	-	-	3,258	114	1,363	743
Loss on defeasance of debt
-	0	0	0	-735	0	0	0	814	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Noncash revenue and other
2,326	410	786	649	20	-1,342	-1,614	-190	855	-415	-4,032	3	711	-674	333	453	-166	-200	-56	454	-333	-202	311	508	496
Payments made received in settlement of cash flow hedges
-	0	0	0	-6,735	0	0	0	4,288	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities:
Other assets
82	1,740	2,008	986	874	1,826	-667	1,491	2,276	242	-29	2,054	1,859	2,309	950	4,023	-1,942	7,137	-1,910	-1,145	-279	5,298	-14	3,285	-4,149
Accrued expenses, deferred revenue and other liabilities
-6,110	3,723	-926	11,865	-5,806	6,223	4,454	1,807	-880	-2,811	9,797	-1,853	628	-1,660	6,736	1,445	-587	4,221	1,505	4,872	-3,233	79	-1,475	4,759	-4,375
Deferred costs
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	287	482	366
Net cash provided by operating activities
112,204	122,660	117,393	123,434	94,847	108,605	103,608	92,227	87,238	80,020	87,401	72,887	69,117	63,345	69,803	60,543	52,613	56,417	48,316	46,196	36,073	29,174	27,494	24,937	20,976
Investing activities
Acquisition of and additions to real estate
243,651	430,308	381,626	247,029	392,306	460,988	470,699	301,734	281,297	356,361	384,500	177,279	417,165	303,855	227,899	347,994	273,393	250,918	234,224	365,254	264,245	270,875	250,820	274,108	248,536
Investment in loans and financing receivables
3,289	109,667	20,333	106,642	16,910	979	31,163	25,963	29,983	6,385	5,682	15,064	8,098	13,637	7,536	10,574	12,550	16,762	29,114	26,836	34,683	11,807	116	4,667	36,046
Collections of principal on loans and financing receivables
2,178	9,557	1,605	4,753	462	1,748	783	2,312	362	6,671	360	7,975	14,764	-	-	-	-	-	-	-	-	-	-	-	-
Collections of principal on loans and direct financing receivables
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,245	181	164	-	126	4,404	175	2,098	72	1,091	4,884
Proceeds from dispositions of real estate
18,902	28,692	314,864	87,361	7,714	63,030	12,684	105,034	49,815	37,481	32,120	152,036	18,256	17,154	25,425	18,141	665	11,673	15,050	11,900	48	18,978	3,746	9,941	6,687
Transfers from restricted deposits
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	12,996	-	3,474	3,587	-2,903
Net cash used in investing activities
-225,860	-501,726	-85,490	-261,557	-401,040	-397,189	-488,395	-220,351	-261,103	-318,594	-357,702	-32,332	-392,243	-296,248	-208,765	-340,246	-285,114	-255,284	-240,588	-396,428	-285,709	-267,703	-243,644	-264,156	-275,914
Financing activities
Borrowings under credit facility
600,000	301,000	90,000	140,000	291,100	279,000	345,000	146,000	218,000	241,000	82,000	24,000	295,000	154,000	64,000	139,000	242,000	98,000	197,000	184,000	172,000	25,000	313,000	85,000	167,080
Repayments under credit facility
-	301,000	163,000	67,000	426,100	503,000	101,000	128,000	411,000	33,000	0	24,000	343,000	-	-	-	-	290,000	5,000	346,000	10,000	-	-	-	-
Borrowings under unsecured notes and term loans payable
-	0	0	0	347,410	0	0	0	348,303	0	0	0	100,000	-	-	-	-	-	-	-	-	-	-	-	-
Borrowings under non-recourse debt obligations of consolidated special purpose entities
-	507,906	0	0	41,690	-	-	-	-	0	0	0	134,961	-	-	-	-	-	-	-	-	0	0	259,914	26,175
Repayments under non-recourse debt obligations of consolidated special purpose entities
8,882	199,322	7,445	7,393	14,092	257,796	6,419	6,454	13,101	6,420	205,283	16,980	9,315	6,284	8,984	8,538	5,309	5,313	23,951	5,101	4,782	7,399	4,649	4,282	4,291
Financing and defeasance costs paid
84	7,579	-49	61	4,615	9,613	15	813	5,080	16	15	175	2,558	4,669	-78	4,309	12	2,657	2,083	7,860	8	189	2,491	8,457	487
Proceeds from the issuance of common stock
149,521	200,019	161,200	137,866	160,858	272,494	190,252	190,324	100,848	96,247	0	377,089	281,021	89,140	73,083	316,480	1	308,000	1	234,140	1	585,064	0	215,411	75,001
Stock issuance costs paid
999	2,177	2,498	2,146	2,638	4,372	2,986	2,975	1,834	1,509	276	458	9,591	1,753	1,291	11,959	434	10,856	379	9,045	441	-	-	-	-
Shares repurchased under stock compensation plans
5,085	0	543	181	4,308	0	0	0	2,835	0	0	0	1,346	0	0	0	1,719	-	-	-	-	-	-	-	-
Dividends paid
85,009	82,182	76,139	74,676	74,160	69,912	63,614	61,393	60,653	58,904	55,105	49,700	46,209	45,170	41,379	38,037	38,032	34,252	115,605	-28,822	-13,123	-120,451	23,941	16,808	15,140
Net cash provided by financing activities
649,462	416,665	1,624	126,409	315,145	298,644	361,218	136,689	172,648	237,398	-178,679	309,776	398,963	234,158	66,507	376,637	196,495	237,923	154,997	386,152	143,647	333,316	165,855	278,698	248,338
Net increase in cash, cash equivalents and restricted cash
535,806	37,599	33,527	-11,714	8,952	10,060	-23,569	8,565	-1,217	-1,176	-448,980	350,331	75,837	1,255	-72,455	96,934	-36,006	39,056	-37,275	35,920	-105,989	94,787	-50,295	39,479	-6,600
Supplemental disclosure of noncash investing and financing activities:
Accrued tenant improvements included in real estate investments
18,783	-3,058	-6,660	14,069	13,113	-4,419	9,974	9,748	19,466	3,561	13,613	-640	9,350	7,536	5,296	353	10,726	-	-	-	-	6,857	459	2,880	1,885
Net real estate assets surrendered to lender
-	-	-	-	-	0	0	0	12,573	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non Cash acquisition of collateral property securing a mortgage note receivable
-	0	0	4,404	9,170	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-recourse debt forgiven by lender in exchange for collateral assets
-	-	-	-	-	0	0	0	12,874	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued financing and stock issuance costs
16	-242	283	-12	51	-1,152	1,247	-777	893	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accrued financing costs
-	-	-	-	-	-	-	-	-	-	-	-	171	-	-	-	-	-	-	-	494	-	-	-	-
Accrued stock issuance costs
-	-	-	-	-	-	-	-	-	-	-	-	458	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow information:
Cash paid during the period for interest, net of amounts capitalized
42,664	34,638	41,277	33,729	33,289	33,086	29,025	29,497	23,817	30,538	23,067	33,821	22,472	31,031	20,440	25,341	19,156	20,027	19,409	18,842	15,358	16,499	16,216	14,911	12,805
Cash paid during the period for income and franchise taxes
-36	248	309	1,748	57	145	256	802	727	178	180	559	749	165	142	408	479	2	141	379	483	134	135	196	209