2017 Q1 Form 10-K Financial Statement

#000149854717000015 Filed on March 28, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016
Revenue $104.8M $104.5M $407.5M
YoY Change 4.21% 7.69% 10.8%
Cost Of Revenue $23.20M
YoY Change 11.0%
Gross Profit $384.3M
YoY Change 10.81%
Gross Profit Margin 94.32%
Selling, General & Admin $89.50M
YoY Change 7.31%
% of Gross Profit 23.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.03M $133.5M
YoY Change 2.35% 10.25%
% of Gross Profit 34.75%
Operating Expenses $66.00M $258.3M
YoY Change 6.67% 6.05%
Operating Profit $38.78M $35.04M $152.1M
YoY Change 0.28% 19.81% 22.46%
Interest Expense -$80.10M
YoY Change 35.3%
% of Operating Profit -52.67%
Other Income/Expense, Net -$80.11M
YoY Change 35.33%
Pretax Income $72.00M
YoY Change 10.77%
Income Tax
% Of Pretax Income
Net Earnings $16.22M $14.81M $71.84M
YoY Change -19.0% 13.27% 10.92%
Net Earnings / Revenue 15.48% 14.17% 17.63%
Basic Earnings Per Share
Diluted Earnings Per Share $230.2K
COMMON SHARES
Basic Shares Outstanding 311.7M shares 310.9M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q4 2016
SHORT-TERM ASSETS
Cash & Short-Term Investments $9.800M
YoY Change -62.74%
Cash & Equivalents $11.44M $9.754M $9.800M
Short-Term Investments
Other Short-Term Assets $5.500M
YoY Change 25.0%
Inventory
Prepaid Expenses
Receivables $65.50M
Other Receivables $0.00
Total Short-Term Assets $80.80M
YoY Change -5.5%
LONG-TERM ASSETS
Property, Plant & Equipment $4.534B
YoY Change 1.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $0.00 $0.00
YoY Change -100.0% -100.0%
Other Assets $8.000M
YoY Change -3.61%
Total Long-Term Assets $4.544B
YoY Change 1.04%
TOTAL ASSETS
Total Short-Term Assets $80.80M
Total Long-Term Assets $4.544B
Total Assets $4.661B $4.624B $4.624B
YoY Change 1.32% 0.92% 0.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $5.300M
YoY Change -5.36%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $41.80M
YoY Change -2.79%
LONG-TERM LIABILITIES
Long-Term Debt $2.246B
YoY Change 8.7%
Other Long-Term Liabilities $64.20M
YoY Change -19.65%
Total Long-Term Liabilities $2.311B
YoY Change 7.64%
TOTAL LIABILITIES
Total Short-Term Liabilities $41.80M
Total Long-Term Liabilities $2.311B
Total Liabilities $2.424B $2.358B $2.358B
YoY Change 7.67% 7.4% 7.4%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.610B $2.610B
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.049B $2.078B $2.267B
YoY Change
Total Liabilities & Shareholders Equity $4.661B $4.624B $4.624B
YoY Change 1.32% 0.92% 0.92%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016
OPERATING ACTIVITIES
Net Income $16.22M $14.81M $71.84M
YoY Change -19.0% 13.27% 10.92%
Depreciation, Depletion And Amortization $34.03M $133.5M
YoY Change 2.35% 10.25%
Cash From Operating Activities $49.68M $192.3M
YoY Change -5.24% 5.15%
INVESTING ACTIVITIES
Capital Expenditures -$219.5M
YoY Change -67.64%
Acquisitions
YoY Change
Other Investing Activities $31.80M
YoY Change 488.89%
Cash From Investing Activities -$58.89M -$187.7M
YoY Change 7.63% -72.1%
FINANCING ACTIVITIES
Cash Dividend Paid $22.08M $85.74M
YoY Change 5.55% 6.15%
Common Stock Issuance & Retirement, Net $27.39M $110.7M
YoY Change -0.6% 150.42%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $12.21M -$21.35M
YoY Change 494.93% -104.59%
NET CHANGE
Cash From Operating Activities $49.68M $192.3M
Cash From Investing Activities -$58.89M -$187.7M
Cash From Financing Activities $12.21M -$21.35M
Net Change In Cash $2.999M -$16.80M
YoY Change -1349.58% -33.5%
FREE CASH FLOW
Cash From Operating Activities $49.68M $192.3M
Capital Expenditures -$219.5M
Free Cash Flow $411.8M
YoY Change -52.19%

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CY2016 us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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0 USD
CY2014 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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0 USD
CY2015 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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0 USD
CY2016 us-gaap Noncash Or Part Noncash Acquisition Net Nonmonetary Assets Acquired Liabilities Assumed1
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18305000 USD
CY2016Q4 us-gaap Number Of Real Estate Properties
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882 property
CY2016 us-gaap Number Of Reportable Segments
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1 segment
CY2016Q4 us-gaap Number Of States In Which Entity Operates
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45
CY2015Q4 us-gaap Off Market Lease Unfavorable
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53822000 USD
CY2016Q4 us-gaap Off Market Lease Unfavorable
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49075000 USD
CY2016 us-gaap Operating Income Loss
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149184000 USD
CY2014 us-gaap Operating Expenses
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210852000 USD
CY2015 us-gaap Operating Expenses
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243531000 USD
CY2016 us-gaap Operating Expenses
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258267000 USD
CY2014 us-gaap Operating Income Loss
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45430000 USD
CY2015Q1 us-gaap Operating Income Loss
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28395000 USD
CY2016Q4 us-gaap Preferred Stock Shares Outstanding
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0 shares
CY2015 us-gaap Proceeds From Issuance Of Common Stock
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0 USD
CY2015Q4 us-gaap Preferred Stock Value
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0 USD
CY2014 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-1805000 USD
CY2016Q4 us-gaap Preferred Stock Value
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0 USD
CY2015Q4 us-gaap Prepaid Expense And Other Assets
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4359000 USD
CY2016Q4 us-gaap Prepaid Expense And Other Assets
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5513000 USD
CY2015 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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-1302000 USD
CY2016 us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
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4335000 USD
CY2014 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
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-1805000 USD
CY2015 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
-1302000 USD
CY2016 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
4335000 USD
CY2014 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-5241000 USD
CY2015 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-6485000 USD
CY2016 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-8757000 USD
CY2014 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-7046000 USD
CY2015 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-7787000 USD
CY2016 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-4422000 USD
CY2014 us-gaap Other Nonoperating Income Expense
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-34103000 USD
CY2015 us-gaap Other Nonoperating Income Expense
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-59199000 USD
CY2016 us-gaap Other Nonoperating Income Expense
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-80112000 USD
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6148000 USD
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80773000 USD
CY2016 us-gaap Payments Of Dividends
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85740000 USD
CY2014 us-gaap Payments Of Financing Costs
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1681000 USD
CY2015 us-gaap Payments Of Financing Costs
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7638000 USD
CY2016 us-gaap Payments Of Financing Costs
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3344000 USD
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489898000 USD
CY2014 us-gaap Payments Of Stock Issuance Costs
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84920000 USD
CY2015 us-gaap Payments Of Stock Issuance Costs
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6000 USD
CY2016 us-gaap Payments Of Stock Issuance Costs
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68000 USD
CY2014 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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0 USD
CY2015 us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
3240000 USD
CY2016 us-gaap Payments For Deposits On Real Estate Acquisitions
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5854000 USD
CY2014 us-gaap Payments For Proceeds From Deposit On Loan
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523000 USD
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3242000 USD
CY2015 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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571000 USD
CY2016 us-gaap Payments For Proceeds From Deposit On Loan
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3378000 USD
CY2014 us-gaap Payments For Repurchase Of Common Stock
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10849000 USD
CY2015 us-gaap Payments For Repurchase Of Common Stock
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44188000 USD
CY2016 us-gaap Payments For Repurchase Of Common Stock
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110655000 USD
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3522000 USD
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72756000 USD
CY2016 us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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1033000 USD
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1717744000 USD
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677754000 USD
CY2016 us-gaap Payments To Acquire Real Estate
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219502000 USD
CY2014 us-gaap Payments To Acquire Real Estate And Real Estate Joint Ventures
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0 USD
CY2015 us-gaap Payments To Acquire Real Estate And Real Estate Joint Ventures
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0 USD
CY2016 us-gaap Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
1626000 USD
CY2014 us-gaap Payments To Develop Real Estate Assets
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31742000 USD
CY2015 us-gaap Payments To Develop Real Estate Assets
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684000 USD
CY2014 us-gaap Proceeds From Issuance Of Common Stock
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837669000 USD
CY2016 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
0 USD
CY2014 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
46000 USD
CY2015 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
269000 USD
CY2016 us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
269000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
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0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
10000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable
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3621717000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
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350394000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
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295443000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
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311907000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
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324354000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
341375000 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
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1998244000 USD
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221909000 USD
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321425000 USD
CY2016 us-gaap Operating Leases Income Statement Lease Revenue
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356126000 USD
CY2016Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
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0 USD
CY2016 ccptiv Change In Escrowed Investor Proceeds
ChangeInEscrowedInvestorProceeds
0 USD
CY2014 ccptiv Advisory Fees And Expenses
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24142000 USD
CY2015 ccptiv Advisory Fees And Expenses
AdvisoryFeesAndExpenses
36225000 USD
CY2016 ccptiv Advisory Fees And Expenses
AdvisoryFeesAndExpenses
41926000 USD
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AmortizationofDebtFairValueAdjustment
94000 USD
CY2015 ccptiv Amortizationof Debt Fair Value Adjustment
AmortizationofDebtFairValueAdjustment
336000 USD
CY2016 ccptiv Amortizationof Debt Fair Value Adjustment
AmortizationofDebtFairValueAdjustment
84000 USD
CY2016 ccptiv Amortizationof Financing Costs Excluding Costs Related To Revolving Credit Facility
AmortizationofFinancingCostsExcludingCostsRelatedToRevolvingCreditFacility
3308000 USD
CY2014 ccptiv Business Combination Initial Agreement Numberof Businesses Acquired
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2 property
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CapitalGainDistributionsPercentageofDividends
0.00
CY2015 ccptiv Capital Gain Distributions Percentageof Dividends
CapitalGainDistributionsPercentageofDividends
0.00
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DeferredRentalIncomeDerivativeAndOtherLiabilities
26100000 USD
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-5147000 USD
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0.01
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CommissionsOnStockSalesAndRelatedDealerManagerFees
72706000 USD
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0 USD
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CommonStockDividendsDailyAmountPerShareAuthorized
0.0017067760
CY2015Q4 ccptiv Common Stock Shares Registered Dividend Reinvestment Plan
CommonStockSharesRegisteredDividendReinvestmentPlan
26000000.0 shares
CY2016 ccptiv Debt Instrument Weighted Average Years To Maturity
DebtInstrumentWeightedAverageYearsToMaturity
P3Y4M20D
CY2016 ccptiv Ordinary Dividends Percentageof Dividends
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0.53
CY2016Q4 ccptiv Percentage Of Rentable Space Leased
PercentageOfRentableSpaceLeased
0.982
CY2016 ccptiv Proceeds From Issuance Of Debtand Non Cash Assumptionof Debt
ProceedsFromIssuanceOfDebtandNonCashAssumptionofDebt
493420000 USD
CY2014 ccptiv Property Escrow Deposits Due To Affiliates
PropertyEscrowDepositsDueToAffiliates
70300000 USD
CY2016Q4 ccptiv Net Asset Value Per Share
NetAssetValuePerShare
10.08
CY2014 ccptiv Non Taxable Dividends Percentage Of Dividends
NonTaxableDividendsPercentageOfDividends
0.53
CY2014 ccptiv Property Escrow Deposits Due To Affiliates
PropertyEscrowDepositsDueToAffiliates
70254000 USD
CY2015 ccptiv Property Escrow Deposits Due To Affiliates
PropertyEscrowDepositsDueToAffiliates
0 USD
CY2016 ccptiv Property Escrow Deposits Due To Affiliates
PropertyEscrowDepositsDueToAffiliates
0 USD
CY2016Q4 ccptiv Property Plant And Equipment Land And Real Estate Assets Net Tax Basis
PropertyPlantAndEquipmentLandAndRealEstateAssetsNetTaxBasis
4900000000 USD
CY2015 ccptiv Non Taxable Dividends Percentage Of Dividends
NonTaxableDividendsPercentageOfDividends
0.42
CY2016 ccptiv Operating Leases Of Lessor Weighted Average Remaining Lease Term
OperatingLeasesOfLessorWeightedAverageRemainingLeaseTerm
P9Y10M24D
CY2016 ccptiv Non Taxable Dividends Percentage Of Dividends
NonTaxableDividendsPercentageOfDividends
0.46
CY2014 ccptiv Losson Acquisitionof Partners Interestin Unconsolidated Joint Venture
LossonAcquisitionofPartnersInterestinUnconsolidatedJointVenture
0 USD
CY2016 ccptiv Impairmentof Real Estate Number Of Properties
ImpairmentofRealEstateNumberOfProperties
3 property
CY2016Q4 ccptiv Deferred Rental Income Derivative And Other Liabilities
DeferredRentalIncomeDerivativeAndOtherLiabilities
15091000 USD
CY2016 ccptiv Dividend Common Stock And Preferred Stock Number Of Days In Calendar Year For Daily Distribution
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P366D
CY2014 ccptiv Dividends Percentage
DividendsPercentage
1.00
CY2015 ccptiv Dividends Percentage
DividendsPercentage
1.00
CY2016 ccptiv Dividends Percentage
DividendsPercentage
1.00
CY2015Q4 ccptiv Impairmentof Real Estate Area
ImpairmentofRealEstateArea
11000 sqft
CY2016Q4 ccptiv Impairmentof Real Estate Area
ImpairmentofRealEstateArea
24000 sqft
CY2015 ccptiv Impairmentof Real Estate Number Of Properties
ImpairmentofRealEstateNumberOfProperties
1 property
CY2014 ccptiv Increase Decrease In Deferred Rent And Other Liabilities
IncreaseDecreaseInDeferredRentAndOtherLiabilities
4355000 USD
CY2014 ccptiv Real Estate Accumulated Depreciation Depreciation Expense Building And Tenant Improvements Acquired
RealEstateAccumulatedDepreciationDepreciationExpenseBuildingAndTenantImprovementsAcquired
54656000 USD
CY2015 ccptiv Increase Decrease In Deferred Rent And Other Liabilities
IncreaseDecreaseInDeferredRentAndOtherLiabilities
1436000 USD
CY2016 ccptiv Increase Decrease In Deferred Rent And Other Liabilities
IncreaseDecreaseInDeferredRentAndOtherLiabilities
-4281000 USD
CY2016Q3 ccptiv Joint Venture Ownership Percentage
JointVentureOwnershipPercentage
0.90
CY2015 ccptiv Losson Acquisitionof Partners Interestin Unconsolidated Joint Venture
LossonAcquisitionofPartnersInterestinUnconsolidatedJointVenture
0 USD
CY2016 ccptiv Losson Acquisitionof Partners Interestin Unconsolidated Joint Venture
LossonAcquisitionofPartnersInterestinUnconsolidatedJointVenture
647000 USD
CY2015 ccptiv Real Estate Accumulated Depreciation Depreciation Expense Building And Tenant Improvements Acquired
RealEstateAccumulatedDepreciationDepreciationExpenseBuildingAndTenantImprovementsAcquired
80373000 USD
CY2014 ccptiv Ordinary Dividends Percentageof Dividends
OrdinaryDividendsPercentageofDividends
0.47
CY2015 ccptiv Ordinary Dividends Percentageof Dividends
OrdinaryDividendsPercentageofDividends
0.58
CY2016 ccptiv State And Local Income Tax And Franchise Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxAndFranchiseTaxExpenseBenefitContinuingOperations
1200000 USD
CY2015 ccptiv Real Estate Total Additions
RealEstateTotalAdditions
596912000 USD
CY2016Q4 ccptiv Stock Redeemedor Called During Period Requests Under Review Shares
StockRedeemedorCalledDuringPeriodRequestsUnderReviewShares
2300000 shares
CY2016 ccptiv Real Estate Total Additions
RealEstateTotalAdditions
219326000 USD
CY2016 ccptiv Real Estate Accumulated Depreciation Depreciation Expense Building And Tenant Improvements Acquired
RealEstateAccumulatedDepreciationDepreciationExpenseBuildingAndTenantImprovementsAcquired
88202000 USD
CY2014 ccptiv Real Estate Total Deductions
RealEstateTotalDeductions
1937000 USD
CY2015 ccptiv Real Estate Total Deductions
RealEstateTotalDeductions
2246000 USD
CY2016 ccptiv Real Estate Total Deductions
RealEstateTotalDeductions
34302000 USD
CY2014 ccptiv Refund Of Property Escrow Deposits
RefundOfPropertyEscrowDeposits
9888000 USD
CY2015 ccptiv Refund Of Property Escrow Deposits
RefundOfPropertyEscrowDeposits
7025000 USD
CY2016 ccptiv Refund Of Property Escrow Deposits
RefundOfPropertyEscrowDeposits
6604000 USD
CY2014 ccptiv Refundof Loan Deposits
RefundofLoanDeposits
1068000 USD
CY2015 ccptiv Refundof Loan Deposits
RefundofLoanDeposits
3242000 USD
CY2014 ccptiv Real Estate Accumulated Depreciation Depreciation Expense Tenant Improvements And Building Equipment Acquired
RealEstateAccumulatedDepreciationDepreciationExpenseTenantImprovementsAndBuildingEquipmentAcquired
153000 USD
CY2015 ccptiv Real Estate Accumulated Depreciation Depreciation Expense Tenant Improvements And Building Equipment Acquired
RealEstateAccumulatedDepreciationDepreciationExpenseTenantImprovementsAndBuildingEquipmentAcquired
303000 USD
CY2016 ccptiv Real Estate Accumulated Depreciation Depreciation Expense Tenant Improvements And Building Equipment Acquired
RealEstateAccumulatedDepreciationDepreciationExpenseTenantImprovementsAndBuildingEquipmentAcquired
586000 USD
CY2014 ccptiv Real Estate Accumulated Depreciation Total Deductions
RealEstateAccumulatedDepreciationTotalDeductions
0 USD
CY2015 ccptiv Real Estate Accumulated Depreciation Total Deductions
RealEstateAccumulatedDepreciationTotalDeductions
57000 USD
CY2016 ccptiv Real Estate Accumulated Depreciation Total Deductions
RealEstateAccumulatedDepreciationTotalDeductions
2168000 USD
CY2014 ccptiv Real Estate Assets Adjustment To Basis During Period
RealEstateAssetsAdjustmentToBasisDuringPeriod
0 USD
CY2015 ccptiv Real Estate Assets Adjustment To Basis During Period
RealEstateAssetsAdjustmentToBasisDuringPeriod
0 USD
CY2016 ccptiv Real Estate Assets Adjustment To Basis During Period
RealEstateAssetsAdjustmentToBasisDuringPeriod
51000 USD
CY2016 ccptiv Refundof Loan Deposits
RefundofLoanDeposits
3378000 USD
CY2014 ccptiv Releaseof Property Escrow Deposits
ReleaseofPropertyEscrowDeposits
70254000 USD
CY2016Q4 ccptiv Real Estate Assets Total Adjustments To Basis Since Acquisition
RealEstateAssetsTotalAdjustmentsToBasisSinceAcquisition
78881000 USD
CY2015Q4 ccptiv Real Estate Investment Property Netand Investmentsinand Advancesto Affiliates Subsidiaries Associatesand Joint Ventures
RealEstateInvestmentPropertyNetandInvestmentsinandAdvancestoAffiliatesSubsidiariesAssociatesandJointVentures
4484326000 USD
CY2016 ccptiv Tenants Number Filedfor Bankruptcy
TenantsNumberFiledforBankruptcy
2 tenant
CY2016Q4 ccptiv Real Estate Investment Property Netand Investmentsinand Advancesto Affiliates Subsidiaries Associatesand Joint Ventures
RealEstateInvestmentPropertyNetandInvestmentsinandAdvancestoAffiliatesSubsidiariesAssociatesandJointVentures
4534010000 USD
CY2016 dei Amendment Flag
AmendmentFlag
false
CY2016 dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
CY2016 ccptiv Real Estate Property Percentage Occupied
RealEstatePropertyPercentageOccupied
1
CY2015 ccptiv Releaseof Property Escrow Deposits
ReleaseofPropertyEscrowDeposits
0 USD
CY2016 ccptiv Releaseof Property Escrow Deposits
ReleaseofPropertyEscrowDeposits
0 USD
CY2014 ccptiv State And Local Income Tax And Franchise Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxAndFranchiseTaxExpenseBenefitContinuingOperations
1300000 USD
CY2015 ccptiv State And Local Income Tax And Franchise Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxAndFranchiseTaxExpenseBenefitContinuingOperations
2200000 USD
CY2014 ccptiv Real Estate Total Additions
RealEstateTotalAdditions
1632168000 USD
CY2015 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4646000 USD
CY2015Q4 us-gaap Assets
Assets
4582199000 USD
CY2016 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2016 dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2016
CY2016 dei Document Period End Date
DocumentPeriodEndDate
2016-12-31
CY2016 dei Document Type
DocumentType
10-K
CY2016 dei Entity Central Index Key
EntityCentralIndexKey
0001498547
CY2017Q1 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
311700000 shares
CY2016 dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
CY2016 dei Entity Filer Category
EntityFilerCategory
Non-accelerated Filer
CY2016Q2 dei Entity Public Float
EntityPublicFloat
3000000000 USD
CY2016 dei Entity Registrant Name
EntityRegistrantName
COLE CREDIT PROPERTY TRUST IV, INC.
CY2016 dei Entity Voluntary Filers
EntityVoluntaryFilers
No
CY2016 dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
No
CY2015Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
26418000 USD
CY2016Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
25310000 USD
CY2016 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
5711000 USD
CY2016 us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
3224000 USD
CY2015Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
54782000 USD
CY2016Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
65446000 USD
CY2015Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
408575000 USD
CY2016Q4 us-gaap Accumulated Distributions In Excess Of Net Income
AccumulatedDistributionsInExcessOfNetIncome
531567000 USD
CY2015Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-5359000 USD
CY2016Q4 us-gaap Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
-1024000 USD
CY2015Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2607367000 USD
CY2016Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
2607304000 USD
CY2014 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
7277000 USD
CY2015 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
6000 USD
CY2016 us-gaap Adjustments To Additional Paid In Capital Stock Issued Issuance Costs
AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts
68000 USD
CY2015Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
301000 USD
CY2016Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
221000 USD
CY2016 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
-84000 USD
CY2014 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3201000 USD
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.154
CY2016Q4 us-gaap Assets
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4624335000 USD
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.155
CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.158
CY2015Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.158
CY2015 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.625
CY2014 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
51763000 USD
CY2016Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.155
CY2016Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.156
CY2015Q1 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
5385000 USD
CY2015Q2 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
3882000 USD
CY2015Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
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2667000 USD
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2880000 USD
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0.21
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ComprehensiveIncomeNetOfTax
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
-20000 USD
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ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
122000 USD
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137000 USD
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9365000 USD
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76314000 USD
CY2015Q4 us-gaap Debt Instrument Carrying Amount
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5613000 USD
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0.035
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4095000 USD
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11821000 USD
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12035000 USD
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CY2016 us-gaap Depreciation Depletion And Amortization
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CY2016 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
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332000 USD
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337000 USD
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CY2015 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6043000 USD
CY2016 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
958000 USD
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-157000 USD
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2907000 USD
CY2014 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
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-157000 USD
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GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
-108000 USD
CY2014 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
12375000 USD
CY2015 us-gaap Increase Decrease In Accounts Receivable
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3570000 USD
CY2016 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
12502000 USD
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ImpairmentOfLongLivedAssetsHeldForUse
1440000 USD
CY2016 us-gaap Impairment Of Long Lived Assets Held For Use
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6737000 USD
CY2014 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
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1440000 USD
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ImpairmentOfRealEstate
1400000 USD
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ImpairmentOfRealEstate
6700000 USD
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ImpairmentOfRealEstate
6737000 USD
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2907000 USD
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65001000 USD
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13652000 USD
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69072000 USD
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IncomeLossFromEquityMethodInvestments
765000 USD
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IncomeLossFromEquityMethodInvestments
798000 USD
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IncomeLossFromEquityMethodInvestments
615000 USD
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IncreaseDecreaseDueFromAffiliates
470000 USD
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IncreaseDecreaseDueFromAffiliates
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IncreaseDecreaseDueFromAffiliates
11000 USD
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IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6741000 USD
CY2016 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain amounts in the Company&#8217;s prior period consolidated financial statements have been reclassified to conform to the current period presentation. The Company has chosen to break out the details of gain (loss) on dispositions of real estate, net from interest expense and other, net in the Company&#8217;s consolidated statements of operations. These reclassifications had no effect on previously reported totals or subtotals.</font></div></div>
CY2016 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Revenue Recognition</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain properties have leases where minimum rental payments increase during the term of the lease. The Company records rental income for the full term of each lease on a straight-line basis when earned and collectability is reasonably assured. When the Company acquires a property, the terms of existing leases are considered to commence as of the acquisition date for the purpose of this calculation. The Company defers the recognition of contingent rental income, such as percentage rents, until the specific target that triggers the contingent rental income is achieved. Expected reimbursements from tenants for recoverable real estate taxes and operating expenses are included in tenant reimbursement income in the period when such costs are incurred.</font></div><div style="line-height:120%;padding-bottom:12px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company continually reviews receivables related to rent, including any unbilled straight-line rent, and determines collectability by taking into consideration the tenant&#8217;s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. In the event that the collectability of a receivable is in doubt, the Company will record an increase in the allowance for uncollectible accounts.</font></div></div>
CY2016 us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-indent:24px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

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