2014 Q2 Form 10-Q Financial Statement

#000075136414000021 Filed on August 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q2 2013 Q2
Revenue $105.6M $96.29M
YoY Change 9.68% 18.58%
Cost Of Revenue $4.700M $4.400M
YoY Change 6.82% -85.57%
Gross Profit $100.9M $91.90M
YoY Change 9.79% 131.49%
Gross Profit Margin 95.54% 95.44%
Selling, General & Admin $8.100M $9.400M
YoY Change -13.83% 34.29%
% of Gross Profit 8.03% 10.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $28.00M $22.60M
YoY Change 23.89% 18.32%
% of Gross Profit 27.75% 24.59%
Operating Expenses $40.97M $36.58M
YoY Change 12.0% 13.29%
Operating Profit $64.64M $59.71M
YoY Change 8.25% 21.32%
Interest Expense $21.76M $23.53M
YoY Change -7.51% 20.24%
% of Operating Profit 33.67% 39.4%
Other Income/Expense, Net -$21.69M -$23.15M
YoY Change -6.33% 20.53%
Pretax Income $42.95M $36.56M
YoY Change 17.49% 21.82%
Income Tax $441.0K $460.0K
% Of Pretax Income 1.03% 1.26%
Net Earnings $45.57M $37.49M
YoY Change 21.57% 11.88%
Net Earnings / Revenue 43.15% 38.93%
Basic Earnings Per Share $0.30 $0.28
Diluted Earnings Per Share $0.30 $0.27
COMMON SHARES
Basic Shares Outstanding 122.5M shares 117.8M shares
Diluted Shares Outstanding 122.8M shares 120.9M shares

Balance Sheet

Concept 2014 Q2 2013 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $85.40M $236.9M
YoY Change -63.95% 8068.97%
Cash & Equivalents $85.36M $236.9M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $8.200M
Prepaid Expenses
Receivables $2.000M $3.400M
Other Receivables $0.00 $0.00
Total Short-Term Assets $95.60M $240.3M
YoY Change -60.22% 5361.36%
LONG-TERM ASSETS
Property, Plant & Equipment $4.386B $4.181B
YoY Change 4.9% 19.1%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $12.10M $14.20M
YoY Change -14.79% -14.97%
Other Assets $14.80M $60.90M
YoY Change -75.7% 23.03%
Total Long-Term Assets $4.555B $4.409B
YoY Change 3.32% 19.18%
TOTAL ASSETS
Total Short-Term Assets $95.60M $240.3M
Total Long-Term Assets $4.555B $4.409B
Total Assets $4.651B $4.649B
YoY Change 0.03% 25.52%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $18.50M $17.30M
YoY Change 6.94% 20.14%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $18.50M $17.30M
YoY Change 6.94% 20.14%
LONG-TERM LIABILITIES
Long-Term Debt $1.723B $1.747B
YoY Change -1.35% 27.05%
Other Long-Term Liabilities $84.90M $87.90M
YoY Change -3.41% 0.46%
Total Long-Term Liabilities $1.808B $1.835B
YoY Change -1.45% 25.46%
TOTAL LIABILITIES
Total Short-Term Liabilities $18.50M $17.30M
Total Long-Term Liabilities $1.808B $1.835B
Total Liabilities $1.826B $1.852B
YoY Change -1.37% 25.41%
SHAREHOLDERS EQUITY
Retained Earnings -$175.6M -$119.9M
YoY Change 46.5% 61.71%
Common Stock $1.247M $1.194M
YoY Change 4.44% 10.97%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.824B $2.796B
YoY Change
Total Liabilities & Shareholders Equity $4.651B $4.649B
YoY Change 0.03% 25.52%

Cashflow Statement

Concept 2014 Q2 2013 Q2
OPERATING ACTIVITIES
Net Income $45.57M $37.49M
YoY Change 21.57% 11.88%
Depreciation, Depletion And Amortization $28.00M $22.60M
YoY Change 23.89% 18.32%
Cash From Operating Activities $58.50M $52.40M
YoY Change 11.64% 5.43%
INVESTING ACTIVITIES
Capital Expenditures -$96.50M -$433.8M
YoY Change -77.75% 346.76%
Acquisitions
YoY Change
Other Investing Activities $17.80M $13.40M
YoY Change 32.84% 123.33%
Cash From Investing Activities -$78.70M -$420.3M
YoY Change -81.28% 361.36%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 99.70M 601.4M
YoY Change -83.42% 1356.17%
NET CHANGE
Cash From Operating Activities 58.50M 52.40M
Cash From Investing Activities -78.70M -420.3M
Cash From Financing Activities 99.70M 601.4M
Net Change In Cash 79.50M 233.5M
YoY Change -65.95% -233600.0%
FREE CASH FLOW
Cash From Operating Activities $58.50M $52.40M
Capital Expenditures -$96.50M -$433.8M
Free Cash Flow $155.0M $486.2M
YoY Change -68.12% 231.2%

Facts In Submission

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CY2013Q2 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
2882355 shares
CY2014Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
487000 USD
CY2013Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
321000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
921000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
540000 USD
CY2013Q2 us-gaap Interest Expense
InterestExpense
23529000 USD
CY2014Q2 us-gaap Interest Expense
InterestExpense
21761000 USD
us-gaap Interest Expense
InterestExpense
45488000 USD
us-gaap Interest Expense
InterestExpense
42040000 USD
CY2014Q2 us-gaap Interest Income Operating
InterestIncomeOperating
543000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
756000 USD
CY2013Q2 us-gaap Interest Income Operating
InterestIncomeOperating
371000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
1334000 USD
us-gaap Interest Paid Net
InterestPaidNet
41770000 USD
us-gaap Interest Paid Net
InterestPaidNet
39282000 USD
CY2014Q2 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
18532000 USD
CY2013Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
17142000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-351000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-178000 USD
CY2014Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-1610000 USD
CY2013Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
11721000 USD
CY2014Q2 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
12087000 USD
CY2014Q2 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4339000 USD
CY2013Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
6475000 USD
CY2013Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
12113000 USD
CY2014Q2 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
8230000 USD
CY2013Q2 us-gaap Investment Income Net
InvestmentIncomeNet
377000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
158000 USD
CY2014Q2 us-gaap Investment Income Net
InvestmentIncomeNet
94000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
711000 USD
CY2013Q4 us-gaap Liabilities
Liabilities
1676238000 USD
CY2014Q2 us-gaap Liabilities
Liabilities
1826404000 USD
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4454523000 USD
CY2014Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4650854000 USD
CY2014Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2013Q4 us-gaap Line Of Credit
LineOfCredit
46400000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
55144000 USD
us-gaap Line Of Credit Facility Expiration Date1
LineOfCreditFacilityExpirationDate1
2016-10-01
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.012
CY2014Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
500000000 USD
CY2014Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
500000000 USD
CY2014Q2 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
19680000 USD
CY2013Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
17119000 USD
CY2013Q4 us-gaap Minority Interest
MinorityInterest
1240000 USD
CY2014Q2 us-gaap Minority Interest
MinorityInterest
528000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
-1232000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
0 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
28000 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
29000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
580544000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
107274000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-160420000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-466894000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
121190000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
137019000 USD
CY2013Q2 us-gaap Net Income Loss
NetIncomeLoss
37486000 USD
CY2014Q2 us-gaap Net Income Loss
NetIncomeLoss
45571000 USD
us-gaap Net Income Loss
NetIncomeLoss
88904000 USD
us-gaap Net Income Loss
NetIncomeLoss
71552000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
520000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-43000 USD
CY2013Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
120000 USD
CY2014Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
13000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
62029000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
32724000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
36713000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
71187000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
70826000 USD
CY2014Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
36515000 USD
CY2013Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
32594000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
61798000 USD
CY2013Q4 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
18342000 USD
CY2014Q2 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
17676000 USD
CY2013Q2 us-gaap Other Income
OtherIncome
588000 USD
us-gaap Other Income
OtherIncome
1195000 USD
CY2014Q2 us-gaap Other Income
OtherIncome
454000 USD
us-gaap Other Income
OtherIncome
906000 USD
CY2013Q4 us-gaap Other Liabilities
OtherLiabilities
89037000 USD
CY2014Q2 us-gaap Other Liabilities
OtherLiabilities
84889000 USD
CY2013Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-23152000 USD
nnn Mortgage Receivable Acceptedin Connectionwith Real Estate Transactions
MortgageReceivableAcceptedinConnectionwithRealEstateTransactions
750000 USD
CY2013Q4 us-gaap Notes Payable
NotesPayable
1514184000 USD
CY2014Q2 us-gaap Notes Payable
NotesPayable
1714091000 USD
CY2014Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1801701000 USD
CY2013Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1555672000 USD
CY2014Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
47 states
us-gaap Operating Expenses
OperatingExpenses
75380000 USD
CY2014Q2 us-gaap Operating Expenses
OperatingExpenses
40993000 USD
us-gaap Operating Expenses
OperatingExpenses
82814000 USD
CY2013Q2 us-gaap Operating Expenses
OperatingExpenses
36583000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
113379000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
126863000 USD
CY2014Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
64620000 USD
CY2013Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
59712000 USD
CY2014Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
100730000 USD
CY2013Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
91491000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
199786000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
179088000 USD
CY2013Q4 us-gaap Other Assets
OtherAssets
95367000 USD
CY2014Q2 us-gaap Other Assets
OtherAssets
96744000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-5443000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-4945000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
-949000 USD
CY2013Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
CY2014Q2 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
0 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-3141000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-6312000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-1997000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-2939000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
1219000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
925000 USD
CY2014Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
240000 USD
CY2013Q2 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
350000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-41882000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-44777000 USD
CY2014Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-21667000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1342000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
852000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3183000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
3384000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
90943000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
98958000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
13416000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1104000 USD
us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
1029000 USD
us-gaap Payments To Acquire Held For Sale Real Estate
PaymentsToAcquireHeldForSaleRealEstate
0 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
5131000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
1060000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
186390000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
485230000 USD
us-gaap Percentage Rent
PercentageRent
533000 USD
CY2014Q2 us-gaap Percentage Rent
PercentageRent
223000 USD
us-gaap Percentage Rent
PercentageRent
312000 USD
CY2013Q2 us-gaap Percentage Rent
PercentageRent
162000 USD
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2014Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<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;">Reclassification</font><font style="font-family:inherit;font-size:10pt;"> &#8211; Certain items in the prior year&#8217;s consolidated financial statements and notes to consolidated financial statements have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2014</font><font style="font-family:inherit;font-size:10pt;"> presentation.</font></div></div>
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
3160000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
2933000 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables Categorized As Available For Sale
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivablesCategorizedAsAvailableForSale
1230000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
76098000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
258085000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
287500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
319000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
300500000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
349293000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
347406000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
17088000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
29510000 USD
us-gaap Profit Loss
ProfitLoss
71509000 USD
CY2014Q2 us-gaap Profit Loss
ProfitLoss
45584000 USD
us-gaap Profit Loss
ProfitLoss
89424000 USD
CY2013Q2 us-gaap Profit Loss
ProfitLoss
37606000 USD
nnn Mortgage Receivable Acceptedin Connectionwith Real Estate Transactions
MortgageReceivableAcceptedinConnectionwithRealEstateTransactions
62000 USD
CY2014Q2 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
462249000 USD
CY2013Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
415518000 USD
CY2013Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
16897000 USD
CY2014Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
11012000 USD
CY2014Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1758000 USD
CY2013Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2617000 USD
CY2014Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4368475000 USD
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4256595000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-498000 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
0 USD
us-gaap Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
20656000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
474700000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
365400000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
150000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
554000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
526000 USD
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-147837000 USD
CY2014Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-175608000 USD
CY2014Q2 us-gaap Revenues
Revenues
105613000 USD
us-gaap Revenues
Revenues
188759000 USD
CY2013Q2 us-gaap Revenues
Revenues
96295000 USD
us-gaap Revenues
Revenues
209677000 USD
CY2013Q4 us-gaap Secured Debt
SecuredDebt
9475000 USD
CY2014Q2 us-gaap Secured Debt
SecuredDebt
8892000 USD
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
2777045000 USD
CY2014Q2 us-gaap Stockholders Equity
StockholdersEquity
2823922000 USD
CY2014Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2824450000 USD
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2778285000 USD
us-gaap Straight Line Rent
StraightLineRent
980000 USD
us-gaap Straight Line Rent
StraightLineRent
-128000 USD
CY2014Q2 us-gaap Tenant Reimbursements
TenantReimbursements
3228000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
6460000 USD
CY2013Q2 us-gaap Tenant Reimbursements
TenantReimbursements
3184000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
6181000 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 GAAP. Significant estimates include provisions 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
118403689 shares
CY2014Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122832524 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
122392731 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
120865525 shares
CY2014Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
123495650 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
116386249 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
122957186 shares
CY2013Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
118620837 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
115663895 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
117812651 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122035670 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122490306 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
469370 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
446439 shares
CY2014Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
489095 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
427465 shares
CY2013Q4 nnn Accumulated Impairment Real Estate Held For Sale
AccumulatedImpairmentRealEstateHeldForSale
2167000 USD
CY2014Q2 nnn Accumulated Impairment Real Estate Held For Sale
AccumulatedImpairmentRealEstateHeldForSale
1024000 USD
CY2014Q2 nnn Allowance Rental Income
AllowanceRentalIncome
3086000 USD
CY2013Q4 nnn Allowance Rental Income
AllowanceRentalIncome
3181000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
178000 USD
CY2013Q2 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
118000 USD
nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
351000 USD
CY2014Q2 nnn Amortization Of Interest Rate Hedges
AmortizationOfInterestRateHedges
216000 USD
nnn Debt Instrument Maturity Date Option To Extend
DebtInstrumentMaturityDateOptionToExtend
2017-10-01
CY2014Q2 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
198000 USD
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
361000 USD
CY2013Q2 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
130000 USD
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
231000 USD
CY2013Q4 nnn Excess Stock
ExcessStock
0 USD
CY2014Q2 nnn Excess Stock
ExcessStock
0 USD
CY2013Q4 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
CY2014Q2 nnn Excess Stock Par Or Stated Value Per Share
ExcessStockParOrStatedValuePerShare
0.01
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
4004000 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
548000 USD
CY2013Q2 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
1153000 USD
CY2014Q2 nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
89000 USD
CY2013Q2 nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
263000 USD
CY2014Q2 nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
89000 USD
nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
3115000 USD
nnn Impairment Losses And Other Charges Continuing Operations
ImpairmentLossesAndOtherChargesContinuingOperations
485000 USD
nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
485000 USD
CY2013Q2 nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
249000 USD
nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
3100000 USD
CY2014Q2 nnn Impairment Losses Continuing Operations Netof Recoveries
ImpairmentLossesContinuingOperationsNetofRecoveries
89000 USD
CY2014Q2 nnn Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
0 USD
nnn Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
904000 USD
CY2013Q2 nnn Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
904000 USD
nnn Impairment Losses Discontinued Operations
ImpairmentLossesDiscontinuedOperations
63000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-666000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-810000 USD
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
169088 shares
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
357061 shares
CY2013Q2 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
170519 shares
CY2014Q2 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
342218 shares
CY2014Q2 nnn Inventory Building Held For Sale
InventoryBuildingHeldForSale
6673000 USD
CY2013Q4 nnn Inventory Building Held For Sale
InventoryBuildingHeldForSale
10422000 USD
CY2014Q2 nnn Investment Properties Total
InvestmentPropertiesTotal
1927 property
nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
8229 shares
nnn Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Shares
IssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanShares
5873 shares
nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
7831 shares
nnn Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Shares
IssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanShares
7774 shares
nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
371134 shares
nnn Issued Shares Of Restricted And Unrestricted Common Stock Shares
IssuedSharesOfRestrictedAndUnrestrictedCommonStockShares
298896 shares
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%;padding-top:12px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">NNN's </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$500,000,000</font><font style="font-family:inherit;font-size:10pt;"> revolving credit facility (the &#8220;Credit Facility&#8221;) had a weighted average outstanding balance of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$55,144,000</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;">1.2%</font><font style="font-family:inherit;font-size:10pt;"> during the six months ended </font><font style="font-family:inherit;font-size:10pt;">June&#160;30, 2014</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;">October 2016</font><font style="font-family:inherit;font-size:10pt;">, unless the Company exercises its option to extend maturity to </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">October 2017</font><font style="font-family:inherit;font-size:10pt;">. The Credit Facility bears interest at LIBOR plus </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">107.5</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;">$1,000,000,000</font><font style="font-family:inherit;font-size:10pt;">, subject to lender approval. As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2014</font><font style="font-family:inherit;font-size:10pt;">, there was </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">no</font><font style="font-family:inherit;font-size:10pt;"> outstanding balance and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">$500,000,000</font><font style="font-family:inherit;font-size:10pt;"> was available for future borrowings under the Credit Facility.</font></div></div>
CY2014Q2 nnn Line Of Credit Facility Option To Increase Facility Size Through Accordion Feature
LineOfCreditFacilityOptionToIncreaseFacilitySizeThroughAccordionFeature
1000000000 USD
nnn Note Receivable Acceptedin Connectionwith Real Estate Transactions
NoteReceivableAcceptedinConnectionwithRealEstateTransactions
0 USD
nnn Note Receivable Acceptedin Connectionwith Real Estate Transactions
NoteReceivableAcceptedinConnectionwithRealEstateTransactions
70000 USD
CY2014Q2 nnn Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
9 property
CY2013Q4 nnn Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
11 property
CY2014Q2 nnn Numberof Residual Interests Heldfrom Securitizations
NumberofResidualInterestsHeldfromSecuritizations
7 securitization
nnn Paymentsfor Hedge Operating Activities
PaymentsforHedgeOperatingActivities
3141000 USD
nnn Paymentsfor Hedge Operating Activities
PaymentsforHedgeOperatingActivities
6312000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
4843000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
4712000 USD
nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
2808000 USD
nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
2139000 USD
CY2014Q2 nnn Real Estate Investment Funding Commitments
RealEstateInvestmentFundingCommitments
100199000 USD
CY2014Q2 nnn Real Estate Investment Funding Commitments Amount Funded
RealEstateInvestmentFundingCommitmentsAmountFunded
62481000 USD
CY2014Q2 nnn Real Estate Investment Funding Commitments Number Of Properties
RealEstateInvestmentFundingCommitmentsNumberOfProperties
28 property
CY2014Q2 nnn Real Estate Investment Funding Commitments Remaining Commitment
RealEstateInvestmentFundingCommitmentsRemainingCommitment
37718000 USD
CY2013Q4 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
4195876000 USD
CY2014Q2 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
4332275000 USD
CY2013Q4 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
4611394000 USD
CY2014Q2 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
4794524000 USD
CY2012Q1 nnn Stock Authorized Shares Employee Dividend Reinvestment And Stock Purchase Plan
StockAuthorizedSharesEmployeeDividendReinvestmentAndStockPurchasePlan
16000000 shares
CY2013Q2 nnn Stock Value Adjustment
StockValueAdjustment
-8000 USD
CY2014Q2 nnn Stock Value Adjustment
StockValueAdjustment
23000 USD
nnn Stock Value Adjustment
StockValueAdjustment
-91000 USD
nnn Stock Value Adjustment
StockValueAdjustment
-89000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
706000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
4945000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
75000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Deferred Director Fee Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToDeferredDirectorFeePlanValue
131000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
264000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan For Directors Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanForDirectorsValue
274000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
8218000 USD
nnn Supplemental Issued Shares Of Common Stock Pursuant To Performance Incentive Plan Value
SupplementalIssuedSharesOfCommonStockPursuantToPerformanceIncentivePlanValue
10345000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
7000 USD
nnn Surrender Of Restricted Stock
SurrenderOfRestrictedStock
0 USD
nnn Surrenderof Restricted Stock Shares
SurrenderofRestrictedStockShares
241 shares
nnn Weighted Average Remaining Lease Term Years
WeightedAverageRemainingLeaseTermYears
P12Y
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
2014
dei Document Period End Date
DocumentPeriodEndDate
2014-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000751364
CY2014Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
125076540 shares
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
NATIONAL RETAIL PROPERTIES, INC.

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