2012 Q3 Form 10-Q Financial Statement

#000075136412000009 Filed on August 03, 2012

View on sec.gov

Income Statement

Concept 2012 Q3 2012 Q2 2011 Q2
Revenue $84.39M $81.21M $61.87M
YoY Change 26.66% 31.26% -3.79%
Cost Of Revenue $3.800M $30.50M $15.70M
YoY Change -76.25% 94.27% 38.94%
Gross Profit $80.50M $39.70M $58.60M
YoY Change 33.94% -32.25% 10.36%
Gross Profit Margin 95.39% 48.89% 94.72%
Selling, General & Admin $8.700M $7.000M $6.600M
YoY Change 24.29% 6.06% 13.79%
% of Gross Profit 10.81% 17.63% 11.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $17.50M $19.10M $14.00M
YoY Change 15.89% 36.43% 14.75%
% of Gross Profit 21.74% 48.11% 23.89%
Operating Expenses $32.96M $32.29M $24.52M
YoY Change 25.58% 31.7% 39.31%
Operating Profit $51.43M $49.22M $38.04M
YoY Change 24.78% 29.4% 7.14%
Interest Expense $23.04M $19.57M $17.51M
YoY Change 14.7% 11.75% -212.98%
% of Operating Profit 44.8% 39.76% 46.04%
Other Income/Expense, Net -$21.85M -$19.21M -$17.23M
YoY Change 11.29% 11.49%
Pretax Income $29.59M $30.01M $20.81M
YoY Change 37.04% 44.24% 1.5%
Income Tax -$7.438M $156.0K $210.0K
% Of Pretax Income -25.14% 0.52% 1.01%
Net Earnings $38.02M $33.51M $21.30M
YoY Change 67.97% 57.28% 0.45%
Net Earnings / Revenue 45.05% 41.26% 34.43%
Basic Earnings Per Share $0.31 $0.26 $0.23
Diluted Earnings Per Share $0.30 $0.26 $0.23
COMMON SHARES
Basic Shares Outstanding 107.5M shares 106.0M shares 84.41M shares
Diluted Shares Outstanding 110.3M shares 107.5M shares 84.73M shares

Balance Sheet

Concept 2012 Q3 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $141.4M $2.900M $3.600M
YoY Change 617.77% -19.44% -93.05%
Cash & Equivalents $141.4M $2.907M $3.588M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $31.40M
Prepaid Expenses
Receivables $1.200M $1.500M $2.400M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $142.6M $4.400M $37.40M
YoY Change 168.55% -88.24% -57.16%
LONG-TERM ASSETS
Property, Plant & Equipment $3.590B $3.511B $2.632B
YoY Change 21.83% 33.37% 11.27%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.50M $16.70M $20.70M
YoY Change -39.61% -19.32% 4.55%
Other Assets $64.70M $49.50M $9.700M
YoY Change 477.68% 410.31% -16.38%
Total Long-Term Assets $3.792B $3.700B $2.761B
YoY Change 22.57% 33.98% 10.45%
TOTAL ASSETS
Total Short-Term Assets $142.6M $4.400M $37.40M
Total Long-Term Assets $3.792B $3.700B $2.761B
Total Assets $3.934B $3.704B $2.799B
YoY Change 25.04% 32.34% 8.17%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $22.10M $14.40M $7.300M
YoY Change -1.34% 97.26% -2.67%
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 $22.10M $14.40M $7.300M
YoY Change -1.34% 97.26% -2.67%
LONG-TERM LIABILITIES
Long-Term Debt $1.535B $1.375B $1.195B
YoY Change 20.61% 15.07% 20.02%
Other Long-Term Liabilities $99.10M $87.50M $40.40M
YoY Change 36.69% 116.58% 23.17%
Total Long-Term Liabilities $1.634B $1.462B $1.235B
YoY Change 21.48% 18.39% 20.12%
TOTAL LIABILITIES
Total Short-Term Liabilities $22.10M $14.40M $7.300M
Total Long-Term Liabilities $1.634B $1.462B $1.235B
Total Liabilities $1.656B $1.477B $1.244B
YoY Change 20.99% 18.73% 19.78%
SHAREHOLDERS EQUITY
Retained Earnings -$83.50M -$74.12M
YoY Change
Common Stock $1.096M $1.076M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.277B $2.226B $1.555B
YoY Change
Total Liabilities & Shareholders Equity $3.934B $3.704B $2.799B
YoY Change 25.04% 32.34% 8.17%

Cashflow Statement

Concept 2012 Q3 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $38.02M $33.51M $21.30M
YoY Change 67.97% 57.28% 0.45%
Depreciation, Depletion And Amortization $17.50M $19.10M $14.00M
YoY Change 15.89% 36.43% 14.75%
Cash From Operating Activities $72.20M $49.70M $29.00M
YoY Change 17.97% 71.38% -54.62%
INVESTING ACTIVITIES
Capital Expenditures -$127.3M -$97.10M -$54.10M
YoY Change -60.58% 79.48% 227.88%
Acquisitions
YoY Change
Other Investing Activities $26.80M $6.000M -$2.700M
YoY Change 370.18% -322.22% -172.97%
Cash From Investing Activities -$100.4M -$91.10M -$57.00M
YoY Change -68.34% 59.82% 345.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 166.7M 41.30M 28.90M
YoY Change -38.69% 42.91% -194.75%
NET CHANGE
Cash From Operating Activities 72.20M 49.70M 29.00M
Cash From Investing Activities -100.4M -91.10M -57.00M
Cash From Financing Activities 166.7M 41.30M 28.90M
Net Change In Cash 138.5M -100.0K 900.0K
YoY Change 765.63% -111.11% -95.63%
FREE CASH FLOW
Cash From Operating Activities $72.20M $49.70M $29.00M
Capital Expenditures -$127.3M -$97.10M -$54.10M
Free Cash Flow $199.5M $146.8M $83.10M
YoY Change -48.06% 76.65% 3.36%

Facts In Submission

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127000 USD
us-gaap Increase Decrease In Interests Continued To Be Held By Transferor Current
IncreaseDecreaseInInterestsContinuedToBeHeldByTransferorCurrent
-399000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
345000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
88000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
19000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-487000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3490000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1631000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-998000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-633000 USD
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3305 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1419 shares
us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
1855 shares
CY2011Q2 us-gaap Incremental Common Shares Attributable To Call Options And Warrants
IncrementalCommonSharesAttributableToCallOptionsAndWarrants
3162 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-272090 shares
CY2011Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-251826 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-251826 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
-317581 shares
CY2012Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1310445 shares
CY2011Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
160006 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
346699 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
1259319 shares
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
569000 USD
CY2012Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
436000 USD
CY2011Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
247000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
868000 USD
CY2011Q2 us-gaap Interest Expense
InterestExpense
17512000 USD
CY2012Q2 us-gaap Interest Expense
InterestExpense
19394000 USD
us-gaap Interest Expense
InterestExpense
39039000 USD
us-gaap Interest Expense
InterestExpense
35174000 USD
CY2011Q2 us-gaap Interest Income Operating
InterestIncomeOperating
543000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
1164000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
1470000 USD
CY2012Q2 us-gaap Interest Income Operating
InterestIncomeOperating
764000 USD
us-gaap Interest Paid Net
InterestPaidNet
33230000 USD
us-gaap Interest Paid Net
InterestPaidNet
38800000 USD
CY2012Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
14440000 USD
CY2011Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
15108000 USD
CY2012Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
240000 USD
CY2011Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
15299000 USD
CY2012Q2 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
12395000 USD
CY2012Q2 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
40351000 USD
CY2011Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
36105000 USD
CY2011Q2 us-gaap Investment Income Net
InvestmentIncomeNet
283000 USD
CY2012Q2 us-gaap Investment Income Net
InvestmentIncomeNet
361000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
719000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
625000 USD
CY2011Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4358000 USD
CY2012Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4283000 USD
CY2012Q2 us-gaap Letters Of Credit Outstanding Amount
LettersOfCreditOutstandingAmount
3800000 USD
CY2011Q4 us-gaap Liabilities
Liabilities
1430553000 USD
CY2012Q2 us-gaap Liabilities
Liabilities
1476580000 USD
CY2012Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3703990000 USD
CY2011Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3434429000 USD
CY2011Q4 us-gaap Line Of Credit
LineOfCredit
65600000 USD
CY2012Q2 us-gaap Line Of Credit
LineOfCredit
142600000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
52946000 USD
us-gaap Line Of Credit Facility Expiration Date
LineOfCreditFacilityExpirationDate
May 2015
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.018
CY2011Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
450000000 USD
CY2012Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
307400000 USD
CY2012Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
36740000 USD
CY2011Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
33428000 USD
CY2012Q2 us-gaap Minority Interest
MinorityInterest
1340000 USD
CY2011Q4 us-gaap Minority Interest
MinorityInterest
1378000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
38547000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
182330000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-281272000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-114866000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
77859000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
99767000 USD
CY2011Q2 us-gaap Net Income Loss
NetIncomeLoss
21303000 USD
us-gaap Net Income Loss
NetIncomeLoss
63337000 USD
CY2012Q2 us-gaap Net Income Loss
NetIncomeLoss
33505000 USD
us-gaap Net Income Loss
NetIncomeLoss
42123000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
0 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
38000 USD
CY2011Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
34000 USD
CY2012Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
29000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
19607000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
27579000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
52334000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
38731000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
52022000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
38445000 USD
CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
27399000 USD
CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
19455000 USD
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
5300000 USD
CY2011Q4 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
26518000 USD
CY2012Q2 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
24954000 USD
us-gaap Notes Assumed1
NotesAssumed1
0 USD
us-gaap Notes Assumed1
NotesAssumed1
6634000 USD
CY2012Q2 us-gaap Notes Payable
NotesPayable
845237000 USD
CY2011Q4 us-gaap Notes Payable
NotesPayable
894967000 USD
CY2011Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1362922000 USD
CY2012Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1347658000 USD
CY2012Q2 us-gaap Number Of Interest Rate Derivatives Held
NumberOfInterestRateDerivativesHeld
0
CY2012Q2 us-gaap Number Of States In Which Entity Operates
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47 states
us-gaap Operating Expenses
OperatingExpenses
63082000 USD
us-gaap Operating Expenses
OperatingExpenses
48379000 USD
CY2011Q2 us-gaap Operating Expenses
OperatingExpenses
24519000 USD
CY2012Q2 us-gaap Operating Expenses
OperatingExpenses
32799000 USD
CY2012Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
50255000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
98733000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
75645000 USD
CY2011Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
38036000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
151494000 USD
CY2011Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
57578000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
114526000 USD
CY2012Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
77927000 USD
CY2012Q2 us-gaap Other Assets
OtherAssets
60607000 USD
CY2011Q4 us-gaap Other Assets
OtherAssets
53382000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6881000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-5218000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
213000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
599000 USD
CY2011Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
539000 USD
CY2012Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
213000 USD
us-gaap Other Income
OtherIncome
1471000 USD
CY2011Q2 us-gaap Other Income
OtherIncome
777000 USD
us-gaap Other Income
OtherIncome
1544000 USD
CY2012Q2 us-gaap Other Income
OtherIncome
716000 USD
CY2012Q2 us-gaap Other Liabilities
OtherLiabilities
87483000 USD
CY2011Q4 us-gaap Other Liabilities
OtherLiabilities
76336000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-34549000 USD
CY2011Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-17229000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-38320000 USD
CY2012Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-19033000 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
0 USD
us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
82000 USD
us-gaap Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
0 USD
us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
1154000 USD
us-gaap Payments For Leasing Costs Commissions And Tenant Improvements
PaymentsForLeasingCostsCommissionsAndTenantImprovements
672000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-402000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-557000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
92000000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
2920000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
0 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
63887000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
81511000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
10393000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
4472000 USD
us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
212000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
4090000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
7861000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
287923000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
111673000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
45000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Percentage Rent
PercentageRent
247000 USD
CY2012Q2 us-gaap Percentage Rent
PercentageRent
221000 USD
CY2011Q2 us-gaap Percentage Rent
PercentageRent
132000 USD
us-gaap Percentage Rent
PercentageRent
332000 USD
CY2011Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2012Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2012Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
3085000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2107000 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables Categorized As Available For Sale
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivablesCategorizedAsAvailableForSale
1870000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
60319000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
56391000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
287500000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
614400000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
328800000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
41000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
1058000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
807000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
12024000 USD
us-gaap Profit Loss
ProfitLoss
63299000 USD
CY2012Q2 us-gaap Profit Loss
ProfitLoss
33476000 USD
us-gaap Profit Loss
ProfitLoss
42123000 USD
CY2011Q2 us-gaap Profit Loss
ProfitLoss
21269000 USD
CY2011Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
270023000 USD
CY2012Q2 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
302435000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
490000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
CY2011Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3225119000 USD
CY2012Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
3485819000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
270600000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
537400000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
50000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
680000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
541000 USD
CY2011Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-44946000 USD
CY2012Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-74123000 USD
us-gaap Retained Interest Fair Value Disclosure Significant Assumptions
RetainedInterestFairValueDisclosureSignificantAssumptions
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The following table summarizes the key assumptions used in determining the value of the Residuals as of: </font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:97.4609375%;border-collapse:collapse;text-align:left;"><tr><td colspan="6" rowspan="1"></td></tr><tr><td width="55%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td><td width="21%" rowspan="1" colspan="1"></td><td width="1%" rowspan="1" colspan="1"></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">June 30, 2012</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;border-bottom:1px solid #000000;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="text-align:center;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">December 31, 2011</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Discount rate</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">25</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;border-top:1px solid #000000;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="font-size:9pt;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Average life equivalent CPR </font><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:9pt;">&#160;speeds range</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.80%&#160;to&#160;20.42%&#160;CPR</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">2.18%&#160;to&#160;18.57%&#160;CPR</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Foreclosures:</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Frequency curve default model</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.1% - 3.9% range</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">0.2% - 4.7% range</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Loss severity of loans in foreclosure</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">20</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-right:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">%</font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Yield:</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td colspan="2" style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td></tr><tr><td style="vertical-align:bottom;background-color:#cceeff;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">LIBOR</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward&#160;3-month&#160;curve</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward&#160;3-month&#160;curve</font></div></td><td style="vertical-align:bottom;background-color:#cceeff;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr><tr><td style="vertical-align:bottom;padding-left:12px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Prime</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward curve</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;" rowspan="1" colspan="1"><div style="overflow:hidden;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;</font></div></td><td style="vertical-align:bottom;padding-left:2px;padding-top:2px;padding-bottom:2px;" rowspan="1" colspan="1"><div style="text-align:right;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;">Forward curve</font></div></td><td style="vertical-align:bottom;" rowspan="1" colspan="1"><div style="text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div></td></tr></table></div></div><div style="line-height:120%;text-align:left;font-size:9pt;"><font style="font-family:inherit;font-size:9pt;"><sup style="vertical-align:top;line-height:120%;font-size:6pt">(1)</sup></font><font style="font-family:inherit;font-size:9pt;"> Conditional prepayment rate.</font></div></div>
CY2011Q2 us-gaap Revenues
Revenues
61865000 USD
CY2012Q2 us-gaap Revenues
Revenues
82751000 USD
us-gaap Revenues
Revenues
161350000 USD
us-gaap Revenues
Revenues
123336000 USD
CY2012Q2 us-gaap Secured Debt
SecuredDebt
29341000 USD
CY2011Q4 us-gaap Secured Debt
SecuredDebt
23171000 USD
us-gaap Square Footage Of Real Estate Property
SquareFootageOfRealEstateProperty
17798000 sqft
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
3098000 USD
us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2011Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2012Q2 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
0 USD
CY2012Q2 us-gaap Stockholders Equity
StockholdersEquity
2226070000 USD
CY2011Q4 us-gaap Stockholders Equity
StockholdersEquity
2002498000 USD
CY2012Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2227410000 USD
CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2003876000 USD
CY2011Q2 us-gaap Tenant Reimbursements
TenantReimbursements
2142000 USD
CY2012Q2 us-gaap Tenant Reimbursements
TenantReimbursements
2505000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
5337000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
4422000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;text-decoration:underline;">Use of Estimates</font><font style="font-family:inherit;font-size:10pt;"> &#8211; Management of NNN has made a number of estimates and assumptions relating to the reporting of assets and liabilities, revenues and expenses and the disclosure of contingent assets and liabilities to prepare these consolidated financial statements in conformity with U.S. GAAP. Significant estimates include provision for impairment and allowances for certain assets, accruals, useful lives of assets and purchase price allocation. Actual results could differ from those estimates.</font></div></div>
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
106844080 shares
CY2011Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84725968 shares
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
380000 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
0 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
84271352 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
107458993 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105992014 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
105417595 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
84409788 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
83771728 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-696804 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-631329 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-647468 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
-612375 shares
CY2012Q2 nnn Allowance Rental Income
AllowanceRentalIncome
3086000 USD
CY2011Q4 nnn Allowance Rental Income
AllowanceRentalIncome
4870000 USD
CY2012Q2 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
58000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
114000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
-85000 USD
CY2011Q2 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
-42000 USD
nnn Assets Received In Note Receivable Foreclosure
AssetsReceivedInNoteReceivableForeclosure
0 USD
nnn Assets Received In Note Receivable Foreclosure
AssetsReceivedInNoteReceivableForeclosure
1595000 USD
nnn Change In Lease Classification
ChangeInLeaseClassification
757000 USD
nnn Change In Lease Classification
ChangeInLeaseClassification
2243000 USD
CY2012Q2 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
4256000 USD
CY2011Q4 nnn Convertible Notes Payable Unamortized Discount
ConvertibleNotesPayableUnamortizedDiscount
6363000 USD
nnn Debt Instrument Maturity Date Option To Extend
DebtInstrumentMaturityDateOptionToExtend
May 2016.
nnn Discount Rate Valuation Adjustment
DiscountRateValuationAdjustment
0.25
CY2011 nnn Discount Rate Valuation Adjustment
DiscountRateValuationAdjustment
0.25
CY2012Q2 nnn Distribution Of Taxable Income Requirement
DistributionOfTaxableIncomeRequirement
0.90
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-312000 USD
CY2011Q2 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-152000 USD
CY2012Q2 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-180000 USD
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
-286000 USD
nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
149620 shares
CY2012Q2 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
155115 shares
nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
152576 shares
CY2011Q2 nnn Effects Of Dilutive Securities Directors Deferred Fee Plan
EffectsOfDilutiveSecuritiesDirectorsDeferredFeePlan
153012 shares
CY2010Q4 nnn Equity Method Investment Ownership Percentage Acquired
EquityMethodInvestmentOwnershipPercentageAcquired
0.211
CY2011Q4 nnn Excess Stock
ExcessStock
0 USD
CY2012Q2 nnn Excess Stock
ExcessStock
0 USD
CY2012Q2 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2011Q4 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2011Q4 nnn Excess Stock Shares Authorized
ExcessStockSharesAuthorized
205000000 shares
CY2012Q2 nnn Excess Stock Shares Authorized
ExcessStockSharesAuthorized
205000000 shares
CY2011Q4 nnn Excess Stock Shares Issued
ExcessStockSharesIssued
0 shares
CY2012Q2 nnn Excess Stock Shares Issued
ExcessStockSharesIssued
0 shares
CY2012Q2 nnn Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
0 shares
CY2011Q4 nnn Excess Stock Shares Outstanding
ExcessStockSharesOutstanding
0 shares
nnn Gain Loss On Note Receivable And Property Foreclosures
GainLossOnNoteReceivableAndPropertyForeclosures
198000 USD
nnn Increase Decrease In Development In Process
IncreaseDecreaseInDevelopmentInProcess
889000 USD
nnn Increase Decrease In Development In Process
IncreaseDecreaseInDevelopmentInProcess
575000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-807000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-802000 USD
CY2011Q2 nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
0 shares
nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
12735 shares
nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
0 shares
CY2012Q2 nnn Incremental Common Shares Attributable To Contingently Issuable Shares Diluted
IncrementalCommonSharesAttributableToContingentlyIssuableSharesDiluted
0 shares
nnn Investment Portfolio Amount Funded
InvestmentPortfolioAmountFunded
127693000 USD
nnn Investment Portfolio Funding Commitments
InvestmentPortfolioFundingCommitments
167243000 USD
nnn Investment Portfolio Remaining Commitment
InvestmentPortfolioRemainingCommitment
39550000 USD
CY2012Q2 nnn Investment Properties Total
InvestmentPropertiesTotal
1506 properties
nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
10247 shares
nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
13879 shares
nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
4623 shares
nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
8389 shares
nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
139351 shares
nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
396577 shares
nnn Libor Yield
LiborYield
Forward 3-month curve
CY2011 nnn Libor Yield
LiborYield
Forward 3-month curve
nnn Line Of Credit Facilities Table Block
LineOfCreditFacilitiesTableBlock
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;text-decoration:underline;">Line of Credit Payable</font><font style="font-family:inherit;font-size:10pt;font-weight:bold;">:</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, NNN amended and restated its credit agreement increasing the borrowing capacity under its unsecured revolving credit facility from $</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">400,000,000</font><font style="font-family:inherit;font-size:10pt;"> to $</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">450,000,000</font><font style="font-family:inherit;font-size:10pt;"> and amending certain other terms under the former revolving credit facility (as the context requires, the previous and new revolving credit facility, the &#8220;Credit Facility&#8221;). The Credit Facility had a weighted average outstanding balance of $</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">52,946,000</font><font style="font-family:inherit;font-size:10pt;"> and a weighted average interest rate of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">1.8 percent</font><font style="font-family:inherit;font-size:10pt;"> during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six months ended June 30</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;">. The Credit Facility matures </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">May 2015</font><font style="font-family:inherit;font-size:10pt;">, with an option to extend maturity to</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;"> May 2016.</font><font style="font-family:inherit;font-size:10pt;"> The Credit Facility bears interest at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">LIBOR plus 150</font><font style="font-family:inherit;font-size:10pt;"> basis points; however, such interest rate may change pursuant to a tiered interest rate structure based on NNN's debt rating. The Credit Facility also includes an accordion feature to increase the facility size up to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$650,000,000</font><font style="font-family:inherit;font-size:10pt;">, subject to lender approval. As of </font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2012</font><font style="font-family:inherit;font-size:10pt;">, </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$142,600,000</font><font style="font-family:inherit;font-size:10pt;"> was outstanding and $</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">307,400,000</font><font style="font-family:inherit;font-size:10pt;"> was available for future borrowings under the Credit Facility, excluding undrawn letters of credit totaling </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$3,800,000</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
CY2012Q2 nnn Line Of Credit Facility Option To Increase Facility Size Through Accordion Feature
LineOfCreditFacilityOptionToIncreaseFacilitySizeThroughAccordionFeature
650000000 USD
nnn Loss Severity Of Loans In Foreclosure
LossSeverityOfLoansInForeclosure
0.2
CY2011 nnn Loss Severity Of Loans In Foreclosure
LossSeverityOfLoansInForeclosure
0.2
CY2012Q2 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
27399000 USD
nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
38445000 USD
nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
52022000 USD
CY2011Q2 nnn Net Earnings Used In Basic Earnings Per Share
NetEarningsUsedInBasicEarningsPerShare
19455000 USD
nnn Number Of Properties With Funding Commitments
NumberOfPropertiesWithFundingCommitments
54 properties
CY2012Q2 nnn Number Of Reportable Segments
NumberOfReportableSegments
1 segments
nnn Number Of Reportable Segments
NumberOfReportableSegments
1 segments
CY2011Q2 nnn Number Of Reportable Segments
NumberOfReportableSegments
1 segments
nnn Number Of Reportable Segments
NumberOfReportableSegments
1 segments
nnn Number Of Securitizations
NumberOfSecuritizations
7 securitizations
CY2012Q2 nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
213000 USD
nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
599000 USD
CY2011Q2 nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
539000 USD
nnn Other Comprehensive Income Unrealized Holding Gain Loss On Residual Interest Of Securitization Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnResidualInterestOfSecuritizationArisingDuringPeriodNetOfTax
213000 USD
nnn Payments To Acquire Real Estate Held For Investments Direct Financing Lease
PaymentsToAcquireRealEstateHeldForInvestmentsDirectFinancingLease
0 USD
nnn Payments To Acquire Real Estate Held For Investments Direct Financing Lease
PaymentsToAcquireRealEstateHeldForInvestmentsDirectFinancingLease
1747000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
3889000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
3297000 USD
CY2011Q4 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
3164909000 USD
CY2012Q2 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
3398109000 USD
CY2012Q2 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
3700544000 USD
CY2011Q4 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
3434932000 USD
nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
20612000 USD
CY2011Q2 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
11760000 USD
CY2012Q2 nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
7481000 USD
nnn Retail Operations Operating Expenses
RetailOperationsOperatingExpenses
18543000 USD
CY2011Q2 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
690000 USD
nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
465000 USD
nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
688000 USD
CY2012Q2 nnn Retail Operations Operating Income Loss
RetailOperationsOperatingIncomeLoss
303000 USD
CY2012Q2 nnn Retail Operations Revenues
RetailOperationsRevenues
7784000 USD
nnn Retail Operations Revenues
RetailOperationsRevenues
21300000 USD
nnn Retail Operations Revenues
RetailOperationsRevenues
19008000 USD
CY2011Q2 nnn Retail Operations Revenues
RetailOperationsRevenues
12450000 USD
CY2011Q2 nnn Revolving Credit Facility Original Borrowing Capacity
RevolvingCreditFacilityOriginalBorrowingCapacity
400000000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
245000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
118000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
229000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
3407000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
8576000 USD
CY2012Q1 nnn Stock Authorized Shares Employee Dividend Reinvestment And Stock Purchase Plan
StockAuthorizedSharesEmployeeDividendReinvestmentAndStockPurchasePlan
16000000 shares
CY2011Q2 nnn Stock Value Adjustment
StockValueAdjustment
7000 USD
nnn Stock Value Adjustment
StockValueAdjustment
26000 USD
CY2012Q2 nnn Stock Value Adjustment
StockValueAdjustment
0 USD
nnn Stock Value Adjustment
StockValueAdjustment
1000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
-326000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
-4730000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
149000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
98000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
94000 USD
nnn Surrender Of Restricted Stock Shares
SurrenderOfRestrictedStockShares
4178 shares
nnn Surrender Of Restricted Stock Shares
SurrenderOfRestrictedStockShares
4494 shares
nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
84635929 shares
CY2012Q2 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
107006399 shares
CY2011Q2 nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
85309082 shares
nnn Weighted Average Number Of Shares Outstanding
WeightedAverageNumberOfSharesOutstanding
106321014 shares
nnn Weighted Average Remaining Lease Term Years
WeightedAverageRemainingLeaseTermYears
P12Y
CY2011 nnn Yield Prime
YieldPrime
Forward curve
nnn Yield Prime
YieldPrime
Forward curve
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000751364
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
108190322 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NATIONAL RETAIL PROPERTIES, INC.

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a20120630form10-q.htm Edgar Link pending
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