W. p. carey inc. (WPC)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08
Cash Flows — Operating Activities
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest

306,544

424,341

285,083

274,807

185,227

246,069

132,165

62,779

139,138

74,951

70,568

78,605

Adjustments to net income:
Depreciation and amortization, including intangible assets and deferred financing costs

460,030

298,166

261,415

279,693

287,835

248,549

140,316

55,114

29,616

24,443

24,476

27,197

Income (Loss) from Equity Method Investments

23,229

61,514

64,750

-

-

-

-

-

-

-

-

-

Loss (gain) on change in control of interests

-8,416

47,814

0

-

-

-

-

-

-

-

-

-

Deferred income tax benefit

9,255

-6,279

-20,013

-21,444

1,476

-18,565

-19,465

-

-

-

-

-

Impairment charges

32,539

4,790

2,769

59,303

29,906

23,067

13,709

22,962

10,473

15,381

10,424

1,011

Amortization of rent-related intangibles and deferred rental revenue

84,878

51,132

55,051

3,322

29,414

44,843

21,333

-2,831

-

-

-

-

Gain on deconsolidation of a subsidiary

-

-

-

-

-

-

-

-

1,008

0

0

-

Gain on sale of real estate, net

18,143

118,605

33,878

71,318

6,487

29,250

39,711

-2,773

-3,391

460

7,701

1,103

Gain on change in control of interests

-

-

-

0

-

-

-

-

-

-

0

-

Straight-line rent adjustments

-46,260

-21,994

-16,980

-17,836

-13,343

-

-

-

-

286

-2,223

-2,227

Gain on Extinguishment of Debt

-

-

-

-

-

-

-

-

-

-

6,991

-

Realized and unrealized losses on foreign currency transactions, derivatives, and other

466

17,644

-16,879

-4,458

1,978

-3,012

6,154

-

-

731

257

2,250

Allocation of loss to profit-sharing interest

-

-

-

-

-

-

-

-

-

781

3,900

-

Gain on lease termination

-

-

-

-

-

-

-

-

-

-

-

4,998

Asset management revenue received in shares of Managed REITs

30,555

49,110

69,658

31,786

23,266

39,866

33,572

28,477

73,936

35,235

-31,721

-40,717

Unrealized loss (gain) on derivatives and other

-

-

-

-

-

-

-

1,861

-138

-300

174

-2,656

Income (Loss) from Equity Method Investments, Net of Dividends or Distributions

-

-

-

64,719

51,020

44,116

10,177

17,271

-310

-

2,258

-1,866

Stock-based compensation expense

18,800

18,300

18,900

21,222

21,626

31,075

37,195

26,038

17,716

7,082

9,336

7,278

Distributions of earnings from equity method investments

26,772

62,015

66,259

64,650

51,435

42,809

-

-

-

-4,920

-

-

Allowance for credit losses

-

-

-

7,064

8,748

0

0

-

-

-

-

-

Gain on conversion of shares

-

-

-

-

-

-

-

-

3,806

-

0

-

Gain on change in control of interests

-

-

-

-

-

105,947

0

20,794

27,859

-

-

-

Straight-line rent and amortization of rent-related intangibles

-

-

-

-

-

-

-

-

-3,698

-

-

-

Amortization of deferred other revenue

-

-

-

-

-

786

9,436

9,436

6,291

0

0

-

Realized (gain) loss on extinguishment of debt and other

-

-

-

-

-

-

-

-595

965

-

-

-

Changes in assets and liabilities:
Decrease (increase) in prepaid taxes

-

-

-

-

-

-

-

11,341

2,998

-

-

-

(Decrease) increase in income taxes, net

-

-

-

-

-

-

-

-

-

-1,288

-9,276

-8,079

Decrease in settlement provision

-

-

-

-

-

-

-

-

-

-

-

29,979

Net changes in other operating assets and liabilities

20,783

28,054

-9,390

-27,637

5,174

-23,352

11,664

-9,047

596

-6,422

1,401

8,221

Deferred structuring revenue received

4,913

9,456

16,705

20,695

23,469

15,724

18,633

21,059

21,546

21,204

-25,068

-48,266

Increase in deferred structuring revenue receivable

621

8,014

6,530

8,951

29,327

23,713

13,788

20,304

19,537

-20,237

-11,672

-10,512

Net Cash Provided by Operating Activities

812,077

509,166

520,659

546,797

508,541

399,092

207,908

80,643

80,116

86,417

74,544

63,247

Cash Flows — Investing Activities
Funds placed in escrow

-

-

-

-

-

-

-

-

6,735

1,571

36,132

-

Funds released from escrow

-

-

-

-

-

-

-

-

2,584

36,620

0

636

Payments to Acquire Real Estate

717,666

719,548

31,842

531,694

674,808

898,162

265,383

3,944

24,315

96,884

39,632

201

Cash Acquired On Acquisition Of Subsidiaries

-

-

-

-

-

-

-

-

-

-

0

-

Proceeds from sales of real estate

307,959

431,626

159,933

542,422

35,557

285,742

171,300

73,204

12,516

14,591

43,487

5,062

Funding for real estate construction, redevelopments, and other capital expenditures on real estate

165,490

107,684

78,367

64,441

28,040

20,647

0

-

-

-

-

-

Proceeds from repayment of short-term loans to affiliates

46,637

37,000

277,894

37,053

185,447

11,000

15,000

0

96,000

0

0

-

Proceeds from repayment of loans receivable

19,707

488

436

-

-

-

-

-

-

-

-

-

VAT Refunded In Connection With Acquisition Of Real Estate

-

-

-

-

-

-

-

-

-

-

0

3,189

Value added taxes paid in connection with acquisition and construction of real estate

-

-

-

-

-

7,036

502

-

-

4,222

0

-

Other investing activities, net

8,882

8,169

-882

847

-1,820

-1,652

-2,989

-372

-875

-

-

-

Funding of short-term loans to affiliates

36,808

10,000

123,492

257,500

185,447

11,000

15,000

-

-

-

-

-

Other capital expenditures on owned real estate

-

-

-

-

4,415

5,757

6,906

4,059

13,239

5,135

7,775

14,051

Change in investing restricted cash

-

-

-

-

-26,610

23,731

-43,067

9,119

-

-

-

-

Cash paid to stockholder of CPA15 in connection with the merger

-

-

-

-

-

-

-

-

-

0

-

-

Cash acquired in connection with the Merger

-

-

-

-

-

-

-

-

-

0

-

-

Return of capital from equity method investments

34,365

16,382

10,085

6,498

8,200

13,101

58,018

46,294

20,807

18,758

39,102

19,852

Capital contributions to equity method investments

2,595

18,173

1,291

147

16,229

25,468

1,945

726

2,297

0

2,872

1,769

Cash and restricted cash acquired in connection with the CPA:17 Merger

0

113,634

0

0

-

65,429

0

178,945

0

0

-

-

Capital expenditures on corporate assets

-

-

-

-

4,321

18,262

7,133

2,145

-

-

-

-

Value added taxes refunded in connection with acquisition of real estate

-

-

-

-

-

0

121

-

5,035

0

-

-

Proceeds from repayments of notes receivable

-

-

-

-

10,441

1,915

0

-

-

-

-

-

Deconsolidation of affiliate (Note 2)

-

-

-

15,408

0

0

-

-

-

-

-

-

Investment in assets of affiliate (Note 2)

-

-

-

14,861

0

0

-

-

121,315

0

0

-

Proceeds from limited partnership units issued by affiliate (Note 2)

-

-

-

14,184

0

0

-

-

-

-

-

-

Funding of short-term loan to affiliates

-

-

-

-

-

-

-

0

96,000

0

0

-

Purchase of securities

-

-

-

-

-

7,664

0

0

-

-

-

-

Cash paid to stockholders of CPA:17 – Global in the CPA:17 Merger

0

1,688

0

0

-

1,338

0

152,356

0

-

-

-

Proceeds from sale of securities

-

-

-

-

-

-

-

-

-

0

0

-

Proceeds From Transfer Of Profit Sharing Interest

-

-

-

-

-

-

-

-

-

-

21,928

-

Payment of deferred acquisition revenue to affiliate

-

-

-

-

-

-

-

-

-

-

-

120

Net Cash Used in Investing Activities

-522,773

-266,132

214,238

-284,741

-645,185

-640,226

-6,374

126,466

-126,084

-37,843

18,106

12,598

Cash Flows — Financing Activities
Repayments of Unsecured Revolving Credit Facility

1,227,153

2,108,629

1,680,198

954,006

1,330,122

1,415,000

413,000

280,160

160,000

52,500

148,518

111,572

Proceeds from Unsecured Revolving Credit Facility

1,336,824

1,403,254

1,302,463

1,154,157

1,044,767

1,757,151

735,000

300,000

251,410

83,250

150,500

129,300

Proceeds from Unsecured Term Loans

870,635

1,183,828

530,456

348,887

1,022,303

498,195

0

0

-

-

-

-

Dividends paid

704,396

440,431

431,182

416,655

403,555

347,902

220,395

113,867

85,814

92,591

78,618

87,700

Scheduled payments of mortgage principal

210,414

100,433

344,440

170,979

90,328

205,024

391,764

54,964

25,327

14,324

9,534

9,678

Funds placed in escrow

-

-

-

-

-

-

-

-

-

0

-

-

Windfall tax benefit associated with stock-based compensation awards

-

-

-

-

-

5,641

12,817

10,185

2,569

2,354

143

2,156

Proceeds from loans from affiliates

-

-

-

-

-

-

-

-

-

-

1,625

-

Repayments of loans from affiliates

-

-

-

-

-

-

-

-

-

-

1,770

7,569

Payment of financing costs

6,716

8,059

12,675

3,619

10,878

12,321

2,368

2,557

7,778

1,204

862

375

Other financing activities, net

5,550

-1,465

-1,301

2,646

-

-

-

-

-

-

-

-

Increase in current and deferred income taxes payable

-

-

-

-

-

-

-

-6,936

3,242

-

-

-

Payments for withholding taxes upon delivery of equity-based awards

15,766

13,985

11,969

16,291

18,742

17,165

11,476

6,135

4,760

-

-

-

Distributions paid to noncontrolling interests

1,683

18,216

20,643

17,030

14,713

20,646

72,059

7,314

7,258

4,360

5,505

5,607

Funds placed in escrow in connection with financing

-

-

-

-

-

-

-

-

-

-

-

400

Proceeds from shares issued under ATM Program, net of selling costs

523,287

287,544

22,824

84,063

0

0

-

-

-

-

-

23,350

Prepayments of mortgage principal

1,028,795

207,450

193,434

327,477

91,560

220,786

0

0

-

-

13,974

-

Contributions from noncontrolling interests

849

71

90,550

346

730

693

65,145

3,291

3,223

14,261

2,947

2,582

Change in financing restricted cash

-

-

-

-

-9,811

-588

-1,843

1,970

0

-

-

-

Proceeds from exercise of stock options and employee purchases under the employee share purchase plan

-

-

-

-

515

1,890

2,312

51,644

1,488

3,724

1,507

-

Proceeds from issuance of shares in public offering

-

-

-

-

-

282,162

0

0

-

-

-

-

Purchase of noncontrolling interest

-

-

-

-

-

-

-

-

7,502

0

-15,380

-

Contributions from profit-sharing interest

-

-

-

-

-

-

-

-

-

3,694

0

-

Distributions to profit-sharing interest

-

-

-

-

-

-

-

-

-

693

5,645

-

Repurchase of shares in connection with CPA:17 Merger

0

1,178

0

0

-

679

40,000

45,270

0

0

10,686

15,413

Proceeds from mortgage financing

0

857

4,083

33,935

22,667

20,354

115,567

23,750

45,491

56,841

42,495

10,137

Net Cash Used in Financing Activities

-457,778

-24,292

-745,466

-282,023

121,273

343,140

-210,588

-113,292

10,502

-1,548

-91,275

-70,789

Change in Cash and Cash Equivalents and Restricted Cash During the Period
Effect of exchange rate changes on cash and cash equivalents and restricted cash

-4,071

-4,355

9,514

-7,336

-26,085

-20,842

2,669

790

70

-783

276

-394

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

-172,545

214,387

-1,055

-27,303

-41,456

81,164

-6,385

94,607

-35,396

46,243

1,651

4,662

Supplemental Noncash Activities [Abstract]
Gain on change in control of interests

-

-

-

0

-

-

-

-

-

-

-

-

Interest Paid

-

-

-

-

-

-

-

-

-

-

14,845

18,753

Income Taxes Paid

-

-

-

-

-

-

-

-

-

-

35,039

33,280