2015 Q4 Form 10-Q Financial Statement

#000075136415000064 Filed on November 03, 2015

View on sec.gov

Income Statement

Concept 2015 Q4 2015 Q3 2014 Q3
Revenue $126.4M $123.1M $109.9M
YoY Change 9.63% 12.09% 9.01%
Cost Of Revenue $5.600M $4.800M $4.600M
YoY Change 7.69% 4.35% 2.22%
Gross Profit $120.8M $118.4M $105.3M
YoY Change 9.72% 12.44% 9.46%
Gross Profit Margin 95.57% 96.15% 95.85%
Selling, General & Admin $9.700M $8.600M $8.000M
YoY Change 25.97% 7.5% 31.15%
% of Gross Profit 8.03% 7.26% 7.6%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $34.80M $33.70M $29.80M
YoY Change 14.47% 13.09% 14.62%
% of Gross Profit 28.81% 28.46% 28.3%
Operating Expenses $44.50M $47.08M $42.50M
YoY Change 16.8% 10.79% 10.78%
Operating Profit $76.30M $76.06M $67.36M
YoY Change 5.97% 12.92% 7.93%
Interest Expense -$24.50M $22.00M $21.64M
YoY Change 12.9% 1.64% 7.53%
% of Operating Profit -32.11% 28.92% 32.13%
Other Income/Expense, Net -$22.18M -$22.52M
YoY Change -1.51% 16.04%
Pretax Income $52.30M $53.89M $44.85M
YoY Change 4.81% 20.16% 4.27%
Income Tax $9.800M $545.0K $372.0K
% Of Pretax Income 18.74% 1.01% 0.83%
Net Earnings $42.47M $55.20M $47.94M
YoY Change -20.99% 15.14% 8.09%
Net Earnings / Revenue 33.6% 44.82% 43.64%
Basic Earnings Per Share $0.24 $0.34 $0.31
Diluted Earnings Per Share $0.24 $0.34 $0.31
COMMON SHARES
Basic Shares Outstanding 136.2M shares 133.9M shares 124.6M shares
Diluted Shares Outstanding 134.2M shares 125.0M shares

Balance Sheet

Concept 2015 Q4 2015 Q3 2014 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $14.30M $2.600M $4.900M
YoY Change 34.91% -46.94% -24.62%
Cash & Equivalents $13.66M $2.015M $4.904M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $32.70M $3.600M $14.10M
Prepaid Expenses
Receivables $3.300M $2.000M $2.100M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $50.30M $8.200M $21.10M
YoY Change -2.71% -61.14% -18.85%
LONG-TERM ASSETS
Property, Plant & Equipment $5.271B $5.178B $4.680B
YoY Change 12.1% 10.64% 10.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $11.10M $11.00M $12.10M
YoY Change -4.31% -9.09% -18.24%
Other Assets $4.000M $14.40M $14.10M
YoY Change -24.53% 2.13% 4.44%
Total Long-Term Assets $5.410B $5.341B $4.845B
YoY Change 11.22% 10.23% 9.85%
TOTAL ASSETS
Total Short-Term Assets $50.30M $8.200M $21.10M
Total Long-Term Assets $5.410B $5.341B $4.845B
Total Assets $5.460B $5.349B $4.867B
YoY Change 11.08% 9.92% 9.69%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $20.10M $29.50M $30.50M
YoY Change 15.52% -3.28% 9.32%
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 $20.10M $29.50M $30.50M
YoY Change 15.52% -3.28% 9.32%
LONG-TERM LIABILITIES
Long-Term Debt $1.976B $2.023B $1.861B
YoY Change 14.22% 8.69% 22.14%
Other Long-Term Liabilities $121.6M $131.9M $91.90M
YoY Change 42.72% 43.53% -5.65%
Total Long-Term Liabilities $2.098B $2.155B $1.953B
YoY Change 15.56% 10.33% 20.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $20.10M $29.50M $30.50M
Total Long-Term Liabilities $2.098B $2.155B $1.953B
Total Liabilities $2.118B $2.184B $1.983B
YoY Change 15.56% 10.12% 20.27%
SHAREHOLDERS EQUITY
Retained Earnings -$263.1M -$237.7M -$188.8M
YoY Change 33.68% 25.88% 40.92%
Common Stock $1.412M $1.357M $1.266M
YoY Change 6.81% 7.19% 3.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.342B $3.165B $2.883B
YoY Change
Total Liabilities & Shareholders Equity $5.460B $5.349B $4.867B
YoY Change 11.08% 9.92% 9.69%

Cashflow Statement

Concept 2015 Q4 2015 Q3 2014 Q3
OPERATING ACTIVITIES
Net Income $42.47M $55.20M $47.94M
YoY Change -20.99% 15.14% 8.09%
Depreciation, Depletion And Amortization $34.80M $33.70M $29.80M
YoY Change 14.47% 13.09% 14.62%
Cash From Operating Activities $63.10M $110.2M $93.50M
YoY Change -2.77% 17.86% 3.09%
INVESTING ACTIVITIES
Capital Expenditures -$155.4M -$243.2M -$339.0M
YoY Change 100.78% -28.26% 300.71%
Acquisitions
YoY Change
Other Investing Activities $6.300M $7.700M $21.60M
YoY Change -53.68% -64.35% -50.0%
Cash From Investing Activities -$149.1M -$235.5M -$317.3M
YoY Change 133.33% -25.78% 666.43%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 97.70M 125.4M 143.4M
YoY Change 2071.11% -12.55% -151.27%
NET CHANGE
Cash From Operating Activities 63.10M 110.2M 93.50M
Cash From Investing Activities -149.1M -235.5M -317.3M
Cash From Financing Activities 97.70M 125.4M 143.4M
Net Change In Cash 11.70M 100.0K -80.40M
YoY Change 112.73% -100.12% -65.1%
FREE CASH FLOW
Cash From Operating Activities $63.10M $110.2M $93.50M
Capital Expenditures -$155.4M -$243.2M -$339.0M
Free Cash Flow $218.5M $353.4M $432.5M
YoY Change 53.55% -18.29% 146.72%

Facts In Submission

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8627000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
9231000 USD
CY2014Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3356000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
8166000 USD
CY2015Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
1914000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
9145000 USD
CY2014Q3 us-gaap General And Administrative Expense
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8046000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
24807000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8643000 USD
us-gaap General And Administrative Expense
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25078000 USD
CY2014Q3 us-gaap Impairment Of Retained Interest
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21000 USD
us-gaap Impairment Of Retained Interest
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256000 USD
CY2015Q3 us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
53000 USD
us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
481000 USD
CY2014Q3 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
44616000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
129230000 USD
CY2015Q3 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
53341000 USD
us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
146340000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
32000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
552000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
57000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
120000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
44846000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
129827000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
53886000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
146831000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
44474000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
129106000 USD
CY2015Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
53341000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
146340000 USD
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.31
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.89
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.34
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.96
CY2014Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.31
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.89
CY2015Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.34
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.96
CY2014Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
142000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
124000 USD
CY2015Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
0 USD
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
372000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
721000 USD
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
545000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
491000 USD
us-gaap Income Taxes Paid
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142000 USD
us-gaap Income Taxes Paid
IncomeTaxesPaid
224000 USD
us-gaap Increase Decrease In Interest Payable Net
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13395000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
12117000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-60000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-73000 USD
us-gaap Increase Decrease In Other Operating Assets
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-1178000 USD
us-gaap Increase Decrease In Other Operating Assets
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-5137000 USD
us-gaap Increase Decrease In Other Operating Capital Net
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-1166000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-267000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-1870000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3161000 USD
us-gaap Increase Decrease In Receivables
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-894000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-993000 USD
CY2014Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
516249 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
488952 shares
CY2015Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
476250 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
451129 shares
CY2014Q3 us-gaap Interest Costs Capitalized
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397000 USD
us-gaap Interest Costs Capitalized
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1318000 USD
CY2015Q3 us-gaap Interest Costs Capitalized
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685000 USD
us-gaap Interest Costs Capitalized
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1633000 USD
CY2014Q3 us-gaap Interest Expense
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21641000 USD
us-gaap Interest Expense
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63681000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
21996000 USD
us-gaap Interest Expense
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65460000 USD
CY2014Q3 us-gaap Interest Income Operating
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452000 USD
us-gaap Interest Income Operating
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1786000 USD
CY2015Q3 us-gaap Interest Income Operating
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345000 USD
us-gaap Interest Income Operating
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721000 USD
us-gaap Interest Paid Net
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47927000 USD
us-gaap Interest Paid Net
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50770000 USD
CY2014Q4 us-gaap Interest Payable Current And Noncurrent
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17396000 USD
CY2015Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
29513000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
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-736000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-1256000 USD
CY2015Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-1751000 USD
CY2014Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
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11626000 USD
CY2015Q3 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
10974000 USD
CY2014Q4 us-gaap Inventory Land Held For Sale
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3867000 USD
CY2015Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
2347000 USD
CY2014Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
6707000 USD
CY2015Q3 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
3593000 USD
CY2014Q3 us-gaap Investment Income Net
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87000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
245000 USD
CY2015Q3 us-gaap Investment Income Net
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20000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
67000 USD
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1843622000 USD
CY2015Q3 us-gaap Liabilities
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2184049000 USD
CY2014Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
4926714000 USD
CY2015Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5349235000 USD
CY2014Q4 us-gaap Line Of Credit
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0 USD
CY2015Q3 us-gaap Line Of Credit
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282400000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
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85997000 USD
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.011
CY2015Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
650000000 USD
CY2015Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
367600000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
144000 USD
CY2014Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
11075000 USD
CY2015Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
10427000 USD
CY2014Q4 us-gaap Minority Interest
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577000 USD
CY2015Q3 us-gaap Minority Interest
MinorityInterest
404000 USD
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
62000 USD
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
500000 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
49000 USD
us-gaap Mortgage Loans On Real Estate Amortization Of Premium
MortgageLoansOnRealEstateAmortizationOfPremium
156000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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249409000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
209405000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-477743000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-495376000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
231753000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
277982000 USD
CY2014Q3 us-gaap Net Income Loss
NetIncomeLoss
47940000 USD
us-gaap Net Income Loss
NetIncomeLoss
136844000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
55198000 USD
us-gaap Net Income Loss
NetIncomeLoss
155365000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
39081000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
110268000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
46339000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
128789000 USD
CY2014Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
38876000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
109701000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
46156000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
128266000 USD
CY2014Q4 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
16974000 USD
CY2015Q3 us-gaap Net Investment In Direct Financing And Sales Type Leases
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14850000 USD
us-gaap Notes Assumed1
NotesAssumed1
2824000 USD
us-gaap Notes Assumed1
NotesAssumed1
0 USD
CY2014Q4 us-gaap Notes Payable
NotesPayable
1714715000 USD
CY2015Q3 us-gaap Notes Payable
NotesPayable
1715679000 USD
CY2014Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1813439000 USD
CY2015Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
1776607000 USD
CY2015Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
47 state
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
42495000 USD
us-gaap Operating Expenses
OperatingExpenses
125081000 USD
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
47082000 USD
us-gaap Operating Expenses
OperatingExpenses
143419000 USD
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
67361000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
194451000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
76061000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
213118000 USD
CY2014Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
105013000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
304798000 USD
CY2015Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
118218000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
342407000 USD
CY2014Q4 us-gaap Other Assets
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CY2015Q3 us-gaap Other Assets
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102160000 USD
CY2014Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-202000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-111000 USD
CY2015Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
26000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
-48000 USD
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
-10859000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
-9357000 USD
CY2014Q3 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
-6312000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-10297000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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-10297000 USD
CY2014Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-224000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
701000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
116000 USD
CY2014Q3 us-gaap Other Income
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464000 USD
us-gaap Other Income
OtherIncome
1370000 USD
CY2015Q3 us-gaap Other Income
OtherIncome
440000 USD
us-gaap Other Income
OtherIncome
1332000 USD
CY2014Q4 us-gaap Other Liabilities
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85172000 USD
CY2015Q3 us-gaap Other Liabilities
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131930000 USD
CY2014Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22515000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-64624000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22175000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
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us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
3032000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1697000 USD
us-gaap Payments Of Debt Issuance Costs
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3263000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
75000 USD
us-gaap Payments Of Dividends Common Stock
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151274000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
169674000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2192000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2206000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
7246000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
0 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
525371000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
527818000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
1232000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
292000 USD
CY2014Q3 us-gaap Percentage Rent
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177000 USD
us-gaap Percentage Rent
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489000 USD
CY2015Q3 us-gaap Percentage Rent
PercentageRent
331000 USD
us-gaap Percentage Rent
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628000 USD
CY2014Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2015Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
us-gaap Proceeds From Collection Of Notes Receivable
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13158000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1075000 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables Categorized As Available For Sale
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivablesCategorizedAsAvailableForSale
1235000 USD
us-gaap Proceeds From Issuance Of Common Stock
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146978000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
127485000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
557000000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1194500000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
349293000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
44748000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
33064000 USD
CY2014Q3 us-gaap Profit Loss
ProfitLoss
47972000 USD
us-gaap Profit Loss
ProfitLoss
137396000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
55255000 USD
us-gaap Profit Loss
ProfitLoss
155485000 USD
CY2015Q3 us-gaap Secured Debt
SecuredDebt
24527000 USD
CY2014Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
511404000 USD
CY2015Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
593705000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
1179000 USD
CY2014Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
9501000 USD
CY2015Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
3916000 USD
CY2014Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1772000 USD
CY2015Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
323000 USD
CY2014Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
4716368000 USD
CY2015Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5163123000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1502000 USD
us-gaap Repayments Of Long Term Lines Of Credit
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468500000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
912100000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
150000000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
0 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
825000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1657000 USD
CY2014Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-196827000 USD
CY2015Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-237712000 USD
CY2014Q3 us-gaap Revenues
Revenues
109856000 USD
us-gaap Revenues
Revenues
319532000 USD
CY2015Q3 us-gaap Revenues
Revenues
123143000 USD
us-gaap Revenues
Revenues
356537000 USD
CY2014Q4 us-gaap Stockholders Equity
StockholdersEquity
3082515000 USD
CY2014Q4 us-gaap Secured Debt
SecuredDebt
26339000 USD
CY2015Q3 us-gaap Stockholders Equity
StockholdersEquity
3164782000 USD
CY2014Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3083092000 USD
CY2015Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3165186000 USD
us-gaap Straight Line Rent
StraightLineRent
1414000 USD
us-gaap Straight Line Rent
StraightLineRent
-161000 USD
CY2014Q3 us-gaap Tenant Reimbursements
TenantReimbursements
3323000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
9783000 USD
CY2015Q3 us-gaap Tenant Reimbursements
TenantReimbursements
3469000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
10307000 USD
CY2014Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
125045097 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123366064 shares
CY2015Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
134246098 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
133306268 shares
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
125559410 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
123834126 shares
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
134789572 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
133810946 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
124554066 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
122884360 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
133892905 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
132949978 shares
CY2014Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
489095 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
460814 shares
CY2015Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
420417 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
409839 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;">2015</font><font style="font-family:inherit;font-size:10pt;"> presentation.</font></div></div>
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 condensed 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>

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0000751364-15-000064.txt Edgar Link pending
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Financial_Report.xlsx Edgar Link pending
nnn-20150930.xml Edgar Link completed
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nnn-20150930_cal.xml Edgar Link unprocessable
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nnn-20150930_pre.xml Edgar Link unprocessable
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