2019 Q3 Form 10-Q Financial Statement

#000092182519000019 Filed on October 25, 2019

View on sec.gov

Income Statement

Concept 2019 Q3 2018 Q3 2018 Q2
Revenue $106.6M $100.3M $98.85M
YoY Change 6.32% 0.95% 1.3%
Cost Of Revenue $28.40M $28.50M $28.60M
YoY Change -0.35% 0.0% 6.32%
Gross Profit $78.20M $71.80M $70.30M
YoY Change 8.91% 1.27% -0.57%
Gross Profit Margin 73.37% 71.62% 71.12%
Selling, General & Admin $6.900M $6.600M $6.700M
YoY Change 4.55% 1.54% -1.47%
% of Gross Profit 8.82% 9.19% 9.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $31.50M $30.10M $30.20M
YoY Change 4.65% -3.22% -0.66%
% of Gross Profit 40.28% 41.92% 42.96%
Operating Expenses $65.49M $63.69M $63.94M
YoY Change 2.82% -1.47% 1.93%
Operating Profit $12.71M $8.108M $6.365M
YoY Change 56.76% 29.52% -20.22%
Interest Expense $12.47M $12.42M $12.60M
YoY Change 0.34% -13.58% -15.5%
% of Operating Profit 98.08% 153.23% 198.0%
Other Income/Expense, Net $39.22M -$5.139M $11.62M
YoY Change -863.14% -151.57% 124.96%
Pretax Income $80.32M $31.43M $46.53M
YoY Change 155.59% -29.6% 16.26%
Income Tax $244.0K -$302.0K $123.0K
% Of Pretax Income 0.3% -0.96% 0.26%
Net Earnings $78.31M $30.91M $45.21M
YoY Change 153.34% -28.44% 20.36%
Net Earnings / Revenue 73.47% 30.83% 45.74%
Basic Earnings Per Share $0.62 $0.24 $0.36
Diluted Earnings Per Share $0.62 $0.24 $0.36
COMMON SHARES
Basic Shares Outstanding 126.5M shares 125.8M shares 123.6M shares
Diluted Shares Outstanding 126.8M shares 126.1M shares 124.1M shares

Balance Sheet

Concept 2019 Q3 2018 Q3 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $28.00M $52.70M $61.80M
YoY Change -46.87% 454.74% 432.76%
Cash & Equivalents $27.96M $52.73M $61.83M
Short-Term Investments
Other Short-Term Assets $165.6M $106.2M $94.50M
YoY Change 55.93% 16.32% 11.18%
Inventory $1.100M $7.200M $16.30M
Prepaid Expenses
Receivables $4.800M $3.400M $5.700M
Other Receivables $76.20M $70.80M $70.50M
Total Short-Term Assets $275.7M $240.3M $248.8M
YoY Change 14.73% 24.12% 40.88%
LONG-TERM ASSETS
Property, Plant & Equipment $3.039B $2.815B $2.793B
YoY Change 7.95% 4.33% 5.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $18.10M $23.40M $23.60M
YoY Change -22.65%
Other Assets $16.30M $19.00M $15.70M
YoY Change -14.21% 272.55% 180.36%
Total Long-Term Assets $3.101B $2.885B $2.862B
YoY Change 7.49% 5.52% 6.48%
TOTAL ASSETS
Total Short-Term Assets $275.7M $240.3M $248.8M
Total Long-Term Assets $3.101B $2.885B $2.862B
Total Assets $3.377B $3.125B $3.110B
YoY Change 8.04% 6.75% 8.6%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $126.0M $82.40M $71.60M
YoY Change 52.91% 0.24% 8.48%
Accrued Expenses $22.60M
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $179.0M $111.1M $100.4M
YoY Change 61.12% 1.93% 8.31%
LONG-TERM LIABILITIES
Long-Term Debt $1.410B $1.299B $1.301B
YoY Change 8.52% -5.06% -2.98%
Other Long-Term Liabilities $62.70M $52.00M $53.60M
YoY Change 20.58% -7.47% -6.62%
Total Long-Term Liabilities $1.473B $1.351B $1.354B
YoY Change 8.99% -5.15% -3.13%
TOTAL LIABILITIES
Total Short-Term Liabilities $179.0M $111.1M $100.4M
Total Long-Term Liabilities $1.473B $1.351B $1.354B
Total Liabilities $1.651B $1.462B $1.455B
YoY Change 12.93% -4.65% -2.42%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.270M $1.263M $1.260M
YoY Change 0.55% 5.34% 5.09%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.693B $1.629B $1.618B
YoY Change
Total Liabilities & Shareholders Equity $3.377B $3.125B $3.110B
YoY Change 8.04% 6.75% 8.6%

Cashflow Statement

Concept 2019 Q3 2018 Q3 2018 Q2
OPERATING ACTIVITIES
Net Income $78.31M $30.91M $45.21M
YoY Change 153.34% -28.44% 20.36%
Depreciation, Depletion And Amortization $31.50M $30.10M $30.20M
YoY Change 4.65% -3.22% -0.66%
Cash From Operating Activities $70.10M $57.20M $56.80M
YoY Change 22.55% 5.34% 5.58%
INVESTING ACTIVITIES
Capital Expenditures -$148.3M -$51.60M -$95.00M
YoY Change 187.4% -46.31% -19.9%
Acquisitions
YoY Change
Other Investing Activities $91.00M $18.60M $30.80M
YoY Change 389.25% -50.92% -17.87%
Cash From Investing Activities -$57.30M -$33.00M -$64.30M
YoY Change 73.64% -43.2% -20.81%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -1.800M -30.00M 16.60M
YoY Change -94.0% -2407.69% -8.29%
NET CHANGE
Cash From Operating Activities 70.10M 57.20M 56.80M
Cash From Investing Activities -57.30M -33.00M -64.30M
Cash From Financing Activities -1.800M -30.00M 16.60M
Net Change In Cash 11.00M -5.800M 9.100M
YoY Change -289.66% 132.0% -197.85%
FREE CASH FLOW
Cash From Operating Activities $70.10M $57.20M $56.80M
Capital Expenditures -$148.3M -$51.60M -$95.00M
Free Cash Flow $218.4M $108.8M $151.8M
YoY Change 100.74% -27.66% -11.95%

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141914000 USD
us-gaap Net Income Loss
NetIncomeLoss
112412000 USD
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.62
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.24
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.12
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.91
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126480000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125768000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126295000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123098000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126783000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126130000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126578000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123497000 shares
CY2019Q3 us-gaap Profit Loss
ProfitLoss
80002000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
31530000 USD
us-gaap Profit Loss
ProfitLoss
145055000 USD
us-gaap Profit Loss
ProfitLoss
115398000 USD
CY2019Q3 fr Payments To Settle Derivative Instruments
PaymentsToSettleDerivativeInstruments
0 USD
CY2018Q3 fr Payments To Settle Derivative Instruments
PaymentsToSettleDerivativeInstruments
0 USD
fr Payments To Settle Derivative Instruments
PaymentsToSettleDerivativeInstruments
-3149000 USD
fr Payments To Settle Derivative Instruments
PaymentsToSettleDerivativeInstruments
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1469000 USD
CY2018Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1678000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-9161000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
10928000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-83000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-24000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
-131000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-71000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
78616000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
33232000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
132876000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
126397000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
1668000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
641000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2877000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
3271000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
76948000 USD
CY2018Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
32591000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
129999000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
123126000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1679911000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
24340000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-6330000 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-2035000 USD
CY2019Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29922000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1665964000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
40713000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4463000 USD
CY2019Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2053000 USD
CY2019Q2 us-gaap Dividends Common Stock Cash
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29864000 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1674403000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
80002000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-1386000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2131000 USD
CY2019Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
29830000 USD
CY2019Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1725320000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1475877000 USD
CY2018Q1 us-gaap Profit Loss
ProfitLoss
37464000 USD
CY2018Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6549000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
1997000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
21226000 USD
us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
20516000 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 USD
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
2756000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-4385000 USD
CY2018Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
27107000 USD
CY2018Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2018Q1 fr Retirementof Limited Partner Units
RetirementofLimitedPartnerUnits
-934000 USD
CY2018Q1 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2018Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1487464000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
46404000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2748000 USD
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
145408000 USD
CY2018Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
28209000 USD
CY2018Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2018Q2 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1655812000 USD
CY2018Q3 us-gaap Profit Loss
ProfitLoss
31530000 USD
CY2018Q3 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1702000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2003000 USD
CY2018Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
28022000 USD
CY2018Q3 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2018Q3 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
0 USD
CY2018Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1663025000 USD
us-gaap Profit Loss
ProfitLoss
145055000 USD
us-gaap Profit Loss
ProfitLoss
115398000 USD
us-gaap Depreciation
Depreciation
73054000 USD
us-gaap Depreciation
Depreciation
69397000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2430000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
2550000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
267000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
16288000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-199000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
16012000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
0 USD
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
53378000 USD
us-gaap Disposal Group Not Discontinued Operation Gain Loss On Disposal
DisposalGroupNotDiscontinuedOperationGainLossOnDisposal
53291000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-39000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-6101000 USD
fr Payments To Settle Derivative Instruments
PaymentsToSettleDerivativeInstruments
-3149000 USD
fr Payments To Settle Derivative Instruments
PaymentsToSettleDerivativeInstruments
0 USD
fr Straight Line Rent Adjustment Net
StraightLineRentAdjustmentNet
7321000 USD
fr Straight Line Rent Adjustment Net
StraightLineRentAdjustmentNet
1329000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
8325000 USD
us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
5639000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
20863000 USD
us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
172000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
190179000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
151035000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
108468000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
91799000 USD
us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
211424000 USD
us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
168681000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
102758000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
116166000 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
0 USD
us-gaap Payments To Acquire Interest In Joint Venture
PaymentsToAcquireInterestInJointVenture
25190000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
8658000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
1829000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
6459000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
4825000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-214935000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-172500000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
953000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
2975000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
145584000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
4384000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
6020000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
87490000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
81605000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
116518000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
163792000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
150000000 USD
us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
300000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
295000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
217000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
217000000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
361500000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
18655000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
46692000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
25227000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
22871000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
50373000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
46482000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
44272000 USD
CY2018Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
71709000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4161000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
4867000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1273000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
30386000 USD
CY2018Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
28749000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
692000 USD
us-gaap Liabilities Assumed1
LiabilitiesAssumed1
11707000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
57872000 USD
us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
31288000 USD
fr Write Off Of Fully Depreciated Assets
WriteOffOfFullyDepreciatedAssets
26115000 USD
fr Write Off Of Fully Depreciated Assets
WriteOffOfFullyDepreciatedAssets
33047000 USD
CY2019Q3 us-gaap Minority Interest Ownership Percentage By Parent
MinorityInterestOwnershipPercentageByParent
0.981
CY2019Q3 us-gaap Minority Interest Ownership Percentage By Noncontrolling Owners
MinorityInterestOwnershipPercentageByNoncontrollingOwners
0.019
CY2019Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
459 Property
CY2019Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
21 State
CY2019Q3 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
62700000 sqft
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-top:12px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">In order to conform with GAAP, in preparation of our consolidated financial statements we are required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of September 30, 2019 and December 31, 2018, and the reported amounts of revenues and expenses for the three and nine months ended September 30, 2019 and 2018. Actual results could differ from those estimates. In our opinion, the accompanying unaudited interim consolidated financial statements reflect all adjustments necessary for a fair statement of our financial position as of September 30, 2019 and December 31, 2018, the results of our operations and comprehensive income for each of the three and nine months ended September 30, 2019 and 2018, and our cash flows for each of the nine months ended September 30, 2019 and 2018. All adjustments are of a normal recurring nature.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-top:12px;text-align:left;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</span></div><div style="line-height:120%;padding-top:12px;text-align:justify;text-indent:30px;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">We adopted Financial Accounting Standards Board ("FASB") Accounting Standards Codification 842 Leases effective January 1, 2019. Upon adoption of the new standard, tenant recovery revenue and fee revenue collected for delinquent lease payments for 2018 has been reclassified to the </span><span style="font-family:inherit;font-size:10pt;font-style:italic;">Lease Revenue</span><span style="font-family:inherit;font-size:10pt;"> line item in the Consolidated Statements of Operations to conform to the 2019 financial statement presentation. This reclassification had no impact to the 2018 results of operations.</span></div>
CY2018Q3 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
1796000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
5544000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
2480000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
19648000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
345113000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
341552000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
321000 USD
CY2019Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
708549000 USD
CY2019Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
1417663000 USD
CY2019Q3 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
193453000 USD
CY2018Q4 us-gaap Loans Payable Fair Value Disclosure
LoansPayableFairValueDisclosure
304508000 USD
CY2019Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
760282000 USD
CY2018Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
546607000 USD
CY2019Q3 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
461005000 USD
CY2018Q4 us-gaap Debt Instrument Fair Value
DebtInstrumentFairValue
461317000 USD
CY2019Q3 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
78079000 USD
CY2018Q4 us-gaap Lines Of Credit Fair Value Disclosure
LinesOfCreditFairValueDisclosure
0 USD
CY2019Q3 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1492819000 USD
CY2018Q4 us-gaap Long Term Debt Fair Value
LongTermDebtFairValue
1312432000 USD
us-gaap Derivative Instruments Gain Loss Reclassification From Accumulated Oci To Income Estimated Net Amount To Be Transferred
DerivativeInstrumentsGainLossReclassificationFromAccumulatedOCIToIncomeEstimatedNetAmountToBeTransferred
410000 USD
CY2019Q3 us-gaap Net Income Loss
NetIncomeLoss
78311000 USD
CY2018Q3 us-gaap Net Income Loss
NetIncomeLoss
30911000 USD
us-gaap Net Income Loss
NetIncomeLoss
141914000 USD
us-gaap Net Income Loss
NetIncomeLoss
112412000 USD
CY2019Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
170000 USD
CY2018Q3 us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
101000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
319000 USD
us-gaap Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
349000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
78141000 USD
CY2018Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30810000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
141595000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
112063000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126480000 shares
CY2018Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
125768000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
126295000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123098000 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
303000 shares
CY2018Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
362000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
283000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
399000 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126783000 shares
CY2018Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126130000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
126578000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123497000 shares
CY2019Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.62
CY2018Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.24
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
1.12
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.91
CY2019Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
274624 shares
CY2018Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
413193 shares
CY2019Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2130000 USD
CY2018Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2003000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5945000 USD
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
5689000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
243000 USD
us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
684000 USD
CY2019Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
10963000 USD
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y11M4D
CY2019Q3 us-gaap Due From Affiliates
DueFromAffiliates
10033000 USD
CY2018Q4 us-gaap Due From Affiliates
DueFromAffiliates
10118000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2068000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
62622000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
593000 USD
fr Leases Terms Minimum
LeasesTermsMinimum
P35Y
fr Leases Terms Maximum
LeasesTermsMaximum
P52Y
us-gaap Operating Lease Cost
OperatingLeaseCost
1677000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2321000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2288000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2238000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
72130000 USD
CY2019Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
49561000 USD
CY2019Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
22569000 USD
CY2019Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P41Y3M18D
CY2019Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.072
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
1464000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
1536000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
1503000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
1465000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
1329000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
29025000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
36322000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
81674000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
324063000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
288686000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
247374000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
208308000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
591756000 USD
CY2019Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1741861000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
305689000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
288817000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
244743000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
205097000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
169243000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
451151000 USD
CY2018Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
1664740000 USD

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