2022 Q3 Form 10-Q Financial Statement

#000152611322000016 Filed on August 04, 2022

View on sec.gov

Income Statement

Concept 2022 Q3 2022 Q2 2021 Q4
Revenue $92.60M $95.18M $106.5M
YoY Change -3.3% -4.41% 22.37%
Cost Of Revenue $17.85M $17.88M $21.01M
YoY Change 7.37% 5.51% 11.59%
Gross Profit $74.75M $77.30M $85.50M
YoY Change -5.54% -6.44% 25.35%
Gross Profit Margin 80.72% 81.21% 80.27%
Selling, General & Admin $7.192M $7.033M $7.718M
YoY Change 8.44% -2.43% 12.84%
% of Gross Profit 9.62% 9.1% 9.03%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $37.79M $39.36M $42.03M
YoY Change -9.3% -0.82% 16.74%
% of Gross Profit 50.56% 50.92% 49.15%
Operating Expenses $44.98M $46.39M $49.74M
YoY Change -6.86% -1.1% 16.19%
Operating Profit $29.01M $14.80M $35.76M
YoY Change -5.75% -48.89% 40.79%
Interest Expense $24.21M $23.45M -$23.16M
YoY Change -2.62% -2.37% -16.99%
% of Operating Profit 83.45% 158.4% -64.76%
Other Income/Expense, Net -$11.12M -$13.01M $180.0K
YoY Change -48.19% -46.81% 500.0%
Pretax Income $17.89M $1.799M $3.416M
YoY Change 91.95% -60.18% -156.56%
Income Tax $3.052M $2.515M $6.212M
% Of Pretax Income 17.06% 139.8% 181.85%
Net Earnings $14.84M -$716.0K -$2.796M
YoY Change 100.78% -127.67% -67.11%
Net Earnings / Revenue 16.02% -0.75% -2.62%
Basic Earnings Per Share $0.09 -$0.06
Diluted Earnings Per Share $0.09 -$0.06 -$26.98K
COMMON SHARES
Basic Shares Outstanding 103.7M shares 103.6M shares 103.6M shares
Diluted Shares Outstanding 103.7M shares 103.6M shares

Balance Sheet

Concept 2022 Q3 2022 Q2 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $128.0M $111.2M $89.67M
YoY Change -27.43% -36.4% -27.8%
Cash & Equivalents $128.0M $111.2M $89.67M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $196.9M $179.5M $163.9M
YoY Change -19.02% -24.81% -11.7%
LONG-TERM ASSETS
Property, Plant & Equipment $3.580B $3.744B $3.934B
YoY Change -7.15% -3.21% 6.25%
Goodwill $20.36M $21.08M $22.06M
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $66.78M $24.10M $10.06M
YoY Change 216.04% 121.21% -14.05%
Total Long-Term Assets $3.769B $3.865B $4.019B
YoY Change -4.83% -3.43% 6.28%
TOTAL ASSETS
Total Short-Term Assets $196.9M $179.5M $163.9M
Total Long-Term Assets $3.769B $3.865B $4.019B
Total Assets $3.966B $4.045B $4.183B
YoY Change -5.65% -4.63% 5.44%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $27.56M $23.98M $25.89M
YoY Change -24.5% -17.82% -8.53%
Accrued Expenses $20.26M $21.73M $22.77M
YoY Change -13.57% -10.19% -10.35%
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 $53.25M $52.54M $54.94M
YoY Change -18.5% -11.03% -9.79%
LONG-TERM LIABILITIES
Long-Term Debt $2.356B $2.397B $2.427B
YoY Change -0.98% -1.64% 7.13%
Other Long-Term Liabilities $65.26M $59.61M $66.36M
YoY Change -17.04% -25.93% -10.81%
Total Long-Term Liabilities $2.421B $2.457B $2.493B
YoY Change -1.49% -2.41% 6.56%
TOTAL LIABILITIES
Total Short-Term Liabilities $53.25M $52.54M $54.94M
Total Long-Term Liabilities $2.421B $2.457B $2.493B
Total Liabilities $2.481B $2.517B $2.556B
YoY Change -2.12% -2.77% 5.95%
SHAREHOLDERS EQUITY
Retained Earnings -$1.188B -$1.156B -$1.072B
YoY Change 16.16% 17.39% 19.62%
Common Stock $2.371M $2.371M $2.369M
YoY Change 0.08% 1.54% 6.38%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $1.472B $1.518B $1.621B
YoY Change
Total Liabilities & Shareholders Equity $3.966B $4.045B $4.183B
YoY Change -5.65% -4.63% 5.44%

Cashflow Statement

Concept 2022 Q3 2022 Q2 2021 Q4
OPERATING ACTIVITIES
Net Income $14.84M -$716.0K -$2.796M
YoY Change 100.78% -127.67% -67.11%
Depreciation, Depletion And Amortization $37.79M $39.36M $42.03M
YoY Change -9.3% -0.82% 16.74%
Cash From Operating Activities $53.71M $44.07M $34.43M
YoY Change -46.38% 838.14% -15.2%
INVESTING ACTIVITIES
Capital Expenditures -$14.38M -$36.89M -$176.4M
YoY Change -63.59% -86.15% -40.44%
Acquisitions
YoY Change
Other Investing Activities $2.600M $3.230M $49.56M
YoY Change -607.81% 258.89% 1138.98%
Cash From Investing Activities -$11.77M -$33.66M -$126.8M
YoY Change -70.56% -87.32% -56.59%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -19.27M -16.32M 10.51M
YoY Change -66.11% -109.49% -85.27%
NET CHANGE
Cash From Operating Activities 53.71M 44.07M 34.43M
Cash From Investing Activities -11.77M -33.66M -126.8M
Cash From Financing Activities -19.27M -16.32M 10.51M
Net Change In Cash 22.67M -5.904M -81.86M
YoY Change 582.8% -93.35% -54.57%
FREE CASH FLOW
Cash From Operating Activities $53.71M $44.07M $34.43M
Capital Expenditures -$14.38M -$36.89M -$176.4M
Free Cash Flow $68.09M $80.97M $210.8M
YoY Change -51.24% -70.12% -37.4%

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CY2022Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
549000 usd
CY2021Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
84000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
844000 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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CY2022Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2021Q2 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
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CY2022Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1799000 usd
CY2021Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
4518000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
15435000 usd
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
10782000 usd
CY2022Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
2515000 usd
CY2021Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1930000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5610000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
4010000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
2588000 usd
us-gaap Profit Loss
ProfitLoss
9825000 usd
us-gaap Profit Loss
ProfitLoss
6772000 usd
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5131000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5016000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10189000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10032000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
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CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103649308 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96386229 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96386229 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103622891 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93968011 shares
CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2021Q2 us-gaap Profit Loss
ProfitLoss
2588000 usd
us-gaap Profit Loss
ProfitLoss
9825000 usd
us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
1884000 usd
us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
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us-gaap Other Comprehensive Income Loss Foreign Currency Transaction And Translation Adjustment Net Of Tax
OtherComprehensiveIncomeLossForeignCurrencyTransactionAndTranslationAdjustmentNetOfTax
3901000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2924000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1534000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
12972000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
5329000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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CY2021Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3418000 usd
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
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us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
9230000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
6006000 usd
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
16002000 usd
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5131000 usd
CY2021Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5016000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10189000 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
10032000 usd
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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CY2021Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
990000 usd
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
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us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
5970000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1626635000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.80
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
6085000 usd
gnl Additional Paid In Capital Common Shares Repurchased Upon Restricted Shares Vesting
AdditionalPaidInCapitalCommonSharesRepurchasedUponRestrictedSharesVesting
429000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
200000 usd
us-gaap Profit Loss
ProfitLoss
9825000 usd
us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
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us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
12972000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1527918000 usd
CY2022Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1595338000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2022Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
3358000 usd
CY2022Q2 gnl Additional Paid In Capital Common Shares Repurchased Upon Restricted Shares Vesting
AdditionalPaidInCapitalCommonSharesRepurchasedUponRestrictedSharesVesting
429000 usd
CY2022Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
100000 usd
CY2022Q2 us-gaap Profit Loss
ProfitLoss
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CY2022Q2 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
-27747000 usd
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
2924000 usd
CY2022Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1527918000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1554279000 usd
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.80
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
5584000 usd
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10799000 usd
us-gaap Profit Loss
ProfitLoss
6772000 usd
us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
3901000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4932000 usd
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
5329000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1652599000 usd
CY2021Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1647229000 usd
CY2021Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.40
CY2021Q2 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 usd
CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Other Longterm Incentive Plans Requisite Service Period Recognition
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationOtherLongtermIncentivePlansRequisiteServicePeriodRecognition
3007000 usd
CY2021Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
10696000 usd
CY2021Q2 us-gaap Profit Loss
ProfitLoss
2588000 usd
CY2021Q2 us-gaap Cumulative Translation Adjustment Net Of Tax Period Increase Decrease
CumulativeTranslationAdjustmentNetOfTaxPeriodIncreaseDecrease
1884000 usd
CY2021Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1534000 usd
CY2021Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1652599000 usd
us-gaap Profit Loss
ProfitLoss
9825000 usd
us-gaap Profit Loss
ProfitLoss
6772000 usd
us-gaap Depreciation
Depreciation
48956000 usd
us-gaap Depreciation
Depreciation
45956000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
30292000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
33430000 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4674000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
489000 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
187000 usd
gnl Amortizationof Below Market Lease Liabilities
AmortizationofBelowMarketLeaseLiabilities
1923000 usd
gnl Amortizationof Below Market Lease Liabilities
AmortizationofBelowMarketLeaseLiabilities
2086000 usd
gnl Amortizationof Above Market Lease Assets
AmortizationofAboveMarketLeaseAssets
2088000 usd
gnl Amortizationof Above Market Lease Assets
AmortizationofAboveMarketLeaseAssets
1823000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
438000 usd
us-gaap Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
480000 usd
gnl Amortization Lease Incentives
AmortizationLeaseIncentives
590000 usd
gnl Amortization Lease Incentives
AmortizationLeaseIncentives
237000 usd
us-gaap Straight Line Rent
StraightLineRent
5195000 usd
us-gaap Straight Line Rent
StraightLineRent
2427000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
-9003000 usd
us-gaap Gain Loss On Termination Of Lease
GainLossOnTerminationOfLease
0 usd
us-gaap Share Based Compensation
ShareBasedCompensation
6085000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
5584000 usd
gnl Unrealized Gain Losson Foreign Currency Transaction Derivativesand Other
UnrealizedGainLossonForeignCurrencyTransactionDerivativesandOther
10531000 usd
gnl Unrealized Gain Losson Foreign Currency Transaction Derivativesand Other
UnrealizedGainLossonForeignCurrencyTransactionDerivativesandOther
1460000 usd
gnl Gain Losson Hedge Ineffectiveness
GainLossonHedgeIneffectiveness
2440000 usd
gnl Gain Losson Hedge Ineffectiveness
GainLossonHedgeIneffectiveness
0 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-342000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
62000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
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gnl Lease Incentive And Commission Payment
LeaseIncentiveAndCommissionPayment
3130000 usd
gnl Lease Incentive And Commission Payment
LeaseIncentiveAndCommissionPayment
0 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
16261000 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
6707000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-1369000 usd
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
55630000 usd
gnl Decreasein Deferred Income Taxes
DecreaseinDeferredIncomeTaxes
0 usd
gnl Decreasein Deferred Income Taxes
DecreaseinDeferredIncomeTaxes
24000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1136000 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
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us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
-360000 usd
us-gaap Increase Decrease In Deferred Liabilities
IncreaseDecreaseInDeferredLiabilities
14923000 usd
gnl Increasein Deferred Income Taxes
IncreaseinDeferredIncomeTaxes
0 usd
gnl Increasein Deferred Income Taxes
IncreaseinDeferredIncomeTaxes
458000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
105893000 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
57898000 usd
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
33894000 usd
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
264942000 usd
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
0 usd
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
300000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
4780000 usd
us-gaap Payments To Acquire Other Property Plant And Equipment
PaymentsToAcquireOtherPropertyPlantAndEquipment
4544000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3230000 usd
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-35444000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-269786000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
78766000 usd
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
87696000 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
0 usd
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
30000000 usd
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 usd
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
137567000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
18877000 usd
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
5456000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
429000 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10116000 usd
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2103000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
83124000 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
74352000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
200000 usd
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
10799000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-39667000 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
264672000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
30782000 usd
CY2022Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
311 property
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
52784000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-6956000 usd
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-1562000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
93311000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
125693000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117137000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176915000 usd
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
111211000 usd
CY2021Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
174862000 usd
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
5926000 usd
CY2021Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2053000 usd
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
117137000 usd
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
176915000 usd
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
268511000 usd
us-gaap Transfer Of Other Real Estate
TransferOfOtherRealEstate
0 usd
CY2022Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
39500000 sqft
CY2022Q2 gnl Real Estate Property Occupancy Rate
RealEstatePropertyOccupancyRate
0.989
gnl Lessor Average Remaining Lease Term
LessorAverageRemainingLeaseTerm
P8Y3M18D
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:5pt;margin-top:5pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:5pt;margin-top:5pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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 </span></div>financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding revenue recognition, purchase price allocations to record investments in real estate, income taxes, derivative financial instruments, hedging activities, equity-based compensation expenses related to the multi-year outperformance agreements entered into with the Advisor in 2018 (the “2018 OPP”) and in 2021 (the “2021 OPP”) and fair value measurements, as applicable.
us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="margin-bottom:3pt;margin-top:3pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:700;line-height:120%">Revenue Recognition</span></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company’s revenues, which are derived primarily from lease contracts, include rents that each tenant pays in accordance with the terms of each lease reported on a straight-line basis over the non-cancelable term of the lease. As of June 30, 2022, these leases had a weighted-average remaining lease term of 8.3 years. Because many of the Company’s leases provide for rental increases at specified intervals, straight-line basis accounting requires the Company to record a receivable for, and include in revenue from tenants, unbilled rent receivables that the Company will only receive if the tenant makes all rent payments required through the expiration of the initial term of the lease. </span></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">For new leases after acquisition of a property, the commencement date is considered to be the date the lease is executed and the tenant has access to the space. The Company defers the revenue related to lease payments received from tenants in advance of their due dates. When the Company acquires a property, the acquisition date is considered to be the commencement date for purposes of this calculation for all leases in place at the time of acquisition. In addition to base rent, the Company’s lease agreements generally require tenants to pay or reimburse the Company for all property operating expenses, which primarily reflect insurance costs and real estate taxes incurred by the Company and subsequently reimbursed by the tenant. However, some limited property operating expenses that are not the responsibility of the tenant are absorbed by the Company. Under ASC 842, the Company has elected to report combined lease and non-lease components in a single line “Revenue from tenants.” For expenses paid directly by the tenant, under ASC 842, the Company has reflected them on a net basis. </span></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company continually reviews receivables related to rent and unbilled rent receivables and determines collectability by taking into consideration the tenant’s payment history, the credit worthiness and 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. Under lease accounting rules, the Company is required to assess, based on credit risk only, if it is probable that it will collect virtually all of the lease payments at the lease commencement date and it must continue to reassess collectability periodically thereafter based on new facts and circumstances affecting the credit risk of the tenant. Partial reserves, or the ability to assume partial recovery are no longer permitted. If the Company determines that it is probable it will collect virtually all of the lease payments (rent and common area maintenance), the lease will continue to be accounted for on an accrual basis (i.e. straight-line). However, if the Company determines it is not probable that it will collect virtually all of the lease payments, the lease will be accounted for on a cash basis and the straight-line rent receivable would be written off where it was subsequently concluded that collection was not probable. Cost recoveries from tenants are included in revenue from tenants on the accompanying consolidated statements of operations in the period the related costs are incurred, as applicable. </span></div><div style="margin-bottom:3pt;margin-top:3pt;text-align:justify;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">On September 3, 2021, the Company entered into a lease termination agreement with one of its tenants which required the tenant to pay the Company a termination fee of approximately £6.7 million (approximately $9.0 million based on the exchange rate as of the end of the lease term on January 4, 2022). This payment was received in January 2022, however it was recorded in </span></div>revenue from tenants evenly over the period from September 3, 2021 through the end of the lease term, and as a result, the Company recorded approximately £0.2 million (approximately $0.3 million) in revenue from tenants during the three months ended March 31, 2022. The termination fee was recorded in unbilled straight-line rent on the Company’s consolidated balance sheet as of December 31, 2021.
gnl Lessor Average Remaining Lease Term
LessorAverageRemainingLeaseTerm
P8Y3M18D
CY2021 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
0 usd
gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
4144000 usd
gnl Business Acquisition Purchase Price Allocation Land Acquired In Period
BusinessAcquisitionPurchasePriceAllocationLandAcquiredInPeriod
24716000 usd
gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
26402000 usd
gnl Business Acquisition Purchase Price Allocation Buildings Fixtures And Improvements Acquired In Period
BusinessAcquisitionPurchasePriceAllocationBuildingsFixturesAndImprovementsAcquiredInPeriod
213946000 usd
gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
30546000 usd
gnl Business Acquisition Purchase Price Allocation Tangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationTangibleAssetsAcquiredInPeriod
238662000 usd
gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
3348000 usd
gnl Business Acquisition Purchase Price Allocation Intangible Assets Acquired In Period
BusinessAcquisitionPurchasePriceAllocationIntangibleAssetsAcquiredInPeriod
26280000 usd
gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
33894000 usd
gnl Business Acquisition Cost Of Acquired Entity Cash Paid In Period
BusinessAcquisitionCostOfAcquiredEntityCashPaidInPeriod
264942000 usd
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
3 property
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
5 property
us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2021Q2 us-gaap Impairment Of Intangible Assets Excluding Goodwill
ImpairmentOfIntangibleAssetsExcludingGoodwill
0 usd
CY2022Q2 gnl Real Estate Investment Property Held For Sale At Cost
RealEstateInvestmentPropertyHeldForSaleAtCost
2729000 usd
CY2022Q2 gnl Accumulated Depreciation Depletion And Amortization Real Estate Investment Held For Sale
AccumulatedDepreciationDepletionAndAmortizationRealEstateInvestmentHeldForSale
485000 usd
CY2022Q2 gnl Real Estate Investment Property Held For Sale Net
RealEstateInvestmentPropertyHeldForSaleNet
2244000 usd
CY2022Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
16000000 usd
CY2021Q2 us-gaap Asset Impairment Charges
AssetImpairmentCharges
6700000 usd
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.21
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.05
CY2022Q2 gnl Real Estateand Accumulated Depreciation Unencumbered Assets
RealEstateandAccumulatedDepreciationUnencumberedAssets
2000000000 usd
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.21
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.05
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.80
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.35
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.13
CY2021Q4 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
0.79
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
gnl Debt Instrument Maximum Distribution Percentageof Ffo
DebtInstrumentMaximumDistributionPercentageofFFO
1
gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Affo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfAFFO
1.05
CY2021Q1 gnl Debt Instrument Maximum Distribution Percentageof Ffo
DebtInstrumentMaximumDistributionPercentageofFFO
1
CY2021Q1 gnl Debt Instrument Maximum Distribution Under Exemption Percentage Of Ffo
DebtInstrumentMaximumDistributionUnderExemptionPercentageOfFFO
1.05
CY2019Q1 gnl Primary Property And Management Leasing Agreement Term
PrimaryPropertyAndManagementLeasingAgreementTerm
P1Y
us-gaap Gain On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
GainOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
2400000 usd
CY2022Q2 us-gaap Gain On Discontinuation Of Cash Flow Hedge Due To Forecasted Transaction Probable Of Not Occurring
GainOnDiscontinuationOfCashFlowHedgeDueToForecastedTransactionProbableOfNotOccurring
2400000 usd
us-gaap Cash Flow Hedge Gain Loss To Be Reclassified Within Twelve Months
CashFlowHedgeGainLossToBeReclassifiedWithinTwelveMonths
-5300000 usd
CY2022Q2 us-gaap Interest Expense
InterestExpense
23449000 usd
gnl Common Stock Monthly Dividend Rate Per Share
CommonStockMonthlyDividendRatePerShare
0.40
us-gaap Interest Expense
InterestExpense
47572000 usd
CY2021Q2 us-gaap Interest Expense
InterestExpense
24018000 usd
us-gaap Interest Expense
InterestExpense
45386000 usd
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
25517000 usd
CY2022Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
155000 usd
CY2022Q2 gnl Derivative Asset Liability Amount Offset
DerivativeAssetLiabilityAmountOffset
0 usd
CY2022Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
25362000 usd
CY2022Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2022Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2022Q2 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
25362000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
4260000 usd
CY2021Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
4259000 usd
CY2021Q4 gnl Derivative Asset Liability Amount Offset
DerivativeAssetLiabilityAmountOffset
0 usd
CY2021Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
1000 usd
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2021Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2021Q4 us-gaap Derivative Fair Value Amount Offset Against Collateral Net
DerivativeFairValueAmountOffsetAgainstCollateralNet
1000 usd
CY2022Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
20000.00 usd
CY2022Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
104097372 shares
CY2022Q2 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
104097372 shares
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
103900452 shares
CY2021Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
103900452 shares
CY2022Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
30000000 shares
CY2021 gnl Common Stock Dividend Rate Per Share
CommonStockDividendRatePerShare
1.60
gnl Common Stock Dividend Rate Per Share
CommonStockDividendRatePerShare
1.60
CY2021 gnl Common Stock Monthly Dividend Rate Per Share
CommonStockMonthlyDividendRatePerShare
0.40
CY2022Q2 us-gaap Number Of Properties Subject To Ground Leases
NumberOfPropertiesSubjectToGroundLeases
9 property
CY2022Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
48900000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
52900000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
21700000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
22800000 usd
CY2022Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P29Y9M18D
CY2022Q2 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0439
CY2022Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
300000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
600000 usd
CY2022Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
300000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
600000 usd
CY2021Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
400000 usd
us-gaap Operating Lease Payments
OperatingLeasePayments
700000 usd
CY2021Q2 us-gaap Operating Lease Expense
OperatingLeaseExpense
400000 usd
us-gaap Operating Lease Expense
OperatingLeaseExpense
700000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
647000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
1294000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
1298000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1303000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1304000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
0 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
34979000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
40825000 usd
CY2022Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
19097000 usd
CY2022Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
21728000 usd
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.21
CY2022Q2 us-gaap Foreign Currency Exchange Rate Translation1
ForeignCurrencyExchangeRateTranslation1
1.05
CY2022Q2 gnl Number Of Real Estate Properties No Longer Subject To Oversight Fee
NumberOfRealEstatePropertiesNoLongerSubjectToOversightFee
39 property
CY2019Q1 gnl Propertyand Management Leasing Agreement Termination Notification Term
PropertyandManagementLeasingAgreementTerminationNotificationTerm
P12M
CY2019Q1 gnl Property Manager Termination Notice
PropertyManagerTerminationNotice
P60D
CY2022Q2 gnl Related Party Transaction Gain Of Sale Of Investment Exceeding Loss Percentage
RelatedPartyTransactionGainOfSaleOfInvestmentExceedingLossPercentage
0.15
gnl Related Party Transaction Periodto Reinvest Proceeds
RelatedPartyTransactionPeriodtoReinvestProceeds
P180D
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-5847000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-2428000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-364000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3260000 usd
CY2022Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-215000 usd
CY2021Q2 us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-10744000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-10897000 usd
us-gaap Dilutive Securities Effect On Basic Earnings Per Share Other
DilutiveSecuritiesEffectOnBasicEarningsPerShareOther
-437000 usd
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-6062000 usd
CY2021Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-13172000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-801000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
-14157000 usd
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103649308 shares
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103649308 shares
CY2021Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
96386229 shares
CY2021Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
96386229 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
103622891 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
103622891 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
93968011 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
93968011 shares
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.06
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.06
CY2021Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2021Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.15
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.15
CY2022Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2946177 shares
CY2021Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
1074252 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2897851 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
626451 shares

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