2016 Q4 Form 10-Q Financial Statement

#000075136416000230 Filed on November 03, 2016

View on sec.gov

Income Statement

Concept 2016 Q4 2016 Q3 2015 Q3
Revenue $141.3M $134.6M $123.1M
YoY Change 11.76% 9.27% 12.09%
Cost Of Revenue $6.600M $4.900M $4.800M
YoY Change 17.86% 2.08% 4.35%
Gross Profit $134.6M $129.6M $118.4M
YoY Change 11.42% 9.46% 12.44%
Gross Profit Margin 95.28% 96.32% 96.15%
Selling, General & Admin $9.400M $9.100M $8.600M
YoY Change -3.09% 5.81% 7.5%
% of Gross Profit 6.98% 7.02% 7.26%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $39.00M $39.00M $33.70M
YoY Change 12.07% 15.73% 13.09%
% of Gross Profit 28.97% 30.09% 28.46%
Operating Expenses $48.40M $63.92M $47.08M
YoY Change 8.76% 35.77% 10.79%
Operating Profit $86.20M $70.62M $76.06M
YoY Change 12.98% -7.16% 12.92%
Interest Expense -$24.40M $24.26M $22.00M
YoY Change -0.41% 10.28% 1.64%
% of Operating Profit -28.31% 34.35% 28.92%
Other Income/Expense, Net -$24.35M -$22.18M
YoY Change 9.81% -1.51%
Pretax Income $66.10M $46.27M $53.89M
YoY Change 26.39% -14.14% 20.16%
Income Tax $0.00 $0.00 $545.0K
% Of Pretax Income 0.0% 0.0% 1.01%
Net Earnings $66.09M $50.78M $55.20M
YoY Change 55.62% -8.0% 15.14%
Net Earnings / Revenue 46.79% 37.74% 44.82%
Basic Earnings Per Share $0.37 $0.29 $0.34
Diluted Earnings Per Share $0.37 $0.28 $0.34
COMMON SHARES
Basic Shares Outstanding 147.1M shares 146.1M shares 133.9M shares
Diluted Shares Outstanding 146.7M shares 134.2M shares

Balance Sheet

Concept 2016 Q4 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $294.5M $5.900M $2.600M
YoY Change 1959.44% 126.92% -46.94%
Cash & Equivalents $294.5M $5.916M $2.015M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $26.10M $29.20M $3.600M
Prepaid Expenses
Receivables $3.400M $2.500M $2.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $324.0M $37.60M $8.200M
YoY Change 544.14% 358.54% -61.14%
LONG-TERM ASSETS
Property, Plant & Equipment $5.890B $5.691B $5.178B
YoY Change 11.75% 9.91% 10.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $200.0K $11.00M
YoY Change -98.18% -9.09%
Other Assets $2.700M $3.100M $14.40M
YoY Change -32.5% -78.47% 2.13%
Total Long-Term Assets $6.010B $5.819B $5.341B
YoY Change 11.1% 8.94% 10.23%
TOTAL ASSETS
Total Short-Term Assets $324.0M $37.60M $8.200M
Total Long-Term Assets $6.010B $5.819B $5.341B
Total Assets $6.334B $5.856B $5.349B
YoY Change 16.01% 9.48% 9.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $19.70M $32.80M $29.50M
YoY Change -1.99% 11.19% -3.28%
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 $19.70M $32.80M $29.50M
YoY Change -1.99% 11.19% -3.28%
LONG-TERM LIABILITIES
Long-Term Debt $2.312B $2.155B $2.023B
YoY Change 16.99% 6.56% 8.69%
Other Long-Term Liabilities $85.90M $89.30M $131.9M
YoY Change -29.36% -32.3% 43.53%
Total Long-Term Liabilities $2.398B $2.245B $2.155B
YoY Change 14.31% 4.18% 10.33%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.70M $32.80M $29.50M
Total Long-Term Liabilities $2.398B $2.245B $2.155B
Total Liabilities $2.417B $2.277B $2.184B
YoY Change 14.15% 4.27% 10.12%
SHAREHOLDERS EQUITY
Retained Earnings -$319.3M -$306.6M -$237.7M
YoY Change 21.33% 28.97% 25.88%
Common Stock $1.473M $1.473M $1.357M
YoY Change 4.32% 8.55% 7.19%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.917B $3.579B $3.165B
YoY Change
Total Liabilities & Shareholders Equity $6.334B $5.856B $5.349B
YoY Change 16.01% 9.48% 9.92%

Cashflow Statement

Concept 2016 Q4 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income $66.09M $50.78M $55.20M
YoY Change 55.62% -8.0% 15.14%
Depreciation, Depletion And Amortization $39.00M $39.00M $33.70M
YoY Change 12.07% 15.73% 13.09%
Cash From Operating Activities $101.1M $126.6M $110.2M
YoY Change 60.22% 14.88% 17.86%
INVESTING ACTIVITIES
Capital Expenditures -$248.4M -$152.0M -$243.2M
YoY Change 59.85% -37.5% -28.26%
Acquisitions
YoY Change
Other Investing Activities $23.80M $10.80M $7.700M
YoY Change 277.78% 40.26% -64.35%
Cash From Investing Activities -$224.5M -$141.2M -$235.5M
YoY Change 50.57% -40.04% -25.78%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 412.0M 18.00M 125.4M
YoY Change 321.7% -85.65% -12.55%
NET CHANGE
Cash From Operating Activities 101.1M 126.6M 110.2M
Cash From Investing Activities -224.5M -141.2M -235.5M
Cash From Financing Activities 412.0M 18.00M 125.4M
Net Change In Cash 288.6M 3.400M 100.0K
YoY Change 2366.67% 3300.0% -100.12%
FREE CASH FLOW
Cash From Operating Activities $101.1M $126.6M $110.2M
Capital Expenditures -$248.4M -$152.0M -$243.2M
Free Cash Flow $349.5M $278.6M $353.4M
YoY Change 59.95% -21.17% -18.29%

Facts In Submission

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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
CY2016Q3 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
4505000 USD
us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
22558000 USD
CY2015Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
8643000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
25078000 USD
CY2016Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
9116000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
27100000 USD
CY2015Q3 us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
53000 USD
us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
481000 USD
CY2016Q3 us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
5978000 USD
us-gaap Impairment Of Retained Interest
ImpairmentOfRetainedInterest
6830000 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
CY2016Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-12000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
-28000 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
CY2016Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
46267000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
150823000 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
CY2016Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
46267000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
150823000 USD
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
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.29
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.02
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
CY2016Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.28
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.02
CY2015Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
545000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
491000 USD
CY2016Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
224000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-49000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
12117000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
12679000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-73000 USD
us-gaap Increase Decrease In Notes Receivables
IncreaseDecreaseInNotesReceivables
-26000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-5137000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
227000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-267000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
684000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3161000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
8315000 USD
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
CY2016Q3 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
465548 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
441675 shares
CY2015Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
685000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1633000 USD
CY2016Q3 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
416000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1243000 USD
CY2015Q3 us-gaap Interest Expense
InterestExpense
21996000 USD
us-gaap Interest Expense
InterestExpense
65460000 USD
CY2016Q3 us-gaap Interest Expense
InterestExpense
24257000 USD
us-gaap Interest Expense
InterestExpense
71923000 USD
CY2015Q3 us-gaap Interest Income Operating
InterestIncomeOperating
345000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
721000 USD
CY2016Q3 us-gaap Interest Income Operating
InterestIncomeOperating
141000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
905000 USD
us-gaap Interest Paid Net
InterestPaidNet
50770000 USD
us-gaap Interest Paid Net
InterestPaidNet
55185000 USD
CY2015Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
20113000 USD
CY2016Q3 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
32792000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-1256000 USD
us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-2122000 USD
CY2016Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
2968000 USD
CY2015Q4 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
11115000 USD
CY2016Q3 us-gaap Interests Continued To Be Held By Transferor Fair Value
InterestsContinuedToBeHeldByTransferorFairValue
189000 USD
CY2015Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
27946000 USD
CY2016Q3 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
19201000 USD
CY2015Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
64851000 USD
CY2016Q3 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
29234000 USD
CY2015Q3 us-gaap Investment Income Net
InvestmentIncomeNet
20000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
67000 USD
CY2016Q3 us-gaap Investment Income Net
InvestmentIncomeNet
17000 USD
us-gaap Investment Income Net
InvestmentIncomeNet
108000 USD
CY2015Q4 us-gaap Liabilities
Liabilities
2117651000 USD
CY2016Q3 us-gaap Liabilities
Liabilities
2277283000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5460044000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
5856363000 USD
CY2015Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2016Q3 us-gaap Line Of Credit
LineOfCredit
184200000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
80750000 USD
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.014
CY2016Q3 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
650000000 USD
CY2016Q3 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
465800000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
5000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Allowance
LoansAndLeasesReceivableAllowance
14000 USD
CY2015Q4 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
8688000 USD
CY2016Q3 us-gaap Loans And Leases Receivable Net Reported Amount
LoansAndLeasesReceivableNetReportedAmount
4925000 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
CY2016Q3 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
129944000 USD
CY2015Q4 us-gaap Minority Interest
MinorityInterest
259000 USD
CY2016Q3 us-gaap Minority Interest
MinorityInterest
231000 USD
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
500000 USD
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
209405000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
232873000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-495976000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-554822000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
277982000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
314206000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
55198000 USD
us-gaap Net Income Loss
NetIncomeLoss
155365000 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
50784000 USD
us-gaap Net Income Loss
NetIncomeLoss
173409000 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
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
41925000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
146833000 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
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
41741000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
146323000 USD
CY2015Q4 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
14518000 USD
CY2016Q3 us-gaap Net Investment In Direct Financing And Sales Type Leases
NetInvestmentInDirectFinancingAndSalesTypeLeases
13464000 USD
CY2015Q4 us-gaap Notes Payable
NotesPayable
1951980000 USD
CY2016Q3 us-gaap Notes Payable
NotesPayable
1954244000 USD
CY2015Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2007242000 USD
CY2016Q3 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2094667000 USD
CY2016Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
48 state
CY2015Q3 us-gaap Operating Expenses
OperatingExpenses
47082000 USD
us-gaap Operating Expenses
OperatingExpenses
143419000 USD
CY2016Q3 us-gaap Operating Expenses
OperatingExpenses
63923000 USD
us-gaap Operating Expenses
OperatingExpenses
169290000 USD
CY2015Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
76061000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
213118000 USD
CY2016Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
70618000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
223158000 USD
us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
378007000 USD
CY2015Q4 us-gaap Other Assets
OtherAssets
89647000 USD
CY2016Q3 us-gaap Other Assets
OtherAssets
94311000 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
CY2016Q3 us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
47000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
600000 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
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-10297000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
701000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
1013000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
116000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-268000 USD
CY2016Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-4561000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-4454000 USD
CY2015Q3 us-gaap Other Income
OtherIncome
440000 USD
us-gaap Other Income
OtherIncome
1332000 USD
CY2016Q3 us-gaap Other Income
OtherIncome
384000 USD
us-gaap Other Income
OtherIncome
1285000 USD
CY2015Q4 us-gaap Other Liabilities
OtherLiabilities
121594000 USD
CY2016Q3 us-gaap Other Liabilities
OtherLiabilities
89315000 USD
CY2015Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-22175000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-66287000 USD
CY2016Q3 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-24351000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-72335000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
1697000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
2010000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
75000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
159000 USD
CY2015Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
58274000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
169674000 USD
CY2016Q3 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
66676000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
190277000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
2206000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
4266000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
527818000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
637603000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
292000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
CY2015Q3 us-gaap Percentage Rent
PercentageRent
331000 USD
us-gaap Percentage Rent
PercentageRent
628000 USD
CY2016Q3 us-gaap Percentage Rent
PercentageRent
321000 USD
us-gaap Percentage Rent
PercentageRent
959000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
15000000 shares
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
1075000 USD
us-gaap Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
468000 USD
us-gaap Proceeds From Collection Of Retained Interest In Securitized Receivables Categorized As Available For Sale
ProceedsFromCollectionOfRetainedInterestInSecuritizedReceivablesCategorizedAsAvailableForSale
927000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
127485000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
277076000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1194500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1090200000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
33064000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
83722000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
55255000 USD
us-gaap Profit Loss
ProfitLoss
155485000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
50772000 USD
us-gaap Profit Loss
ProfitLoss
173381000 USD
CY2015Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
615121000 USD
CY2016Q3 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
705812000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
1179000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
CY2015Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
76340000 USD
CY2016Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
39713000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
9486000 USD
CY2016Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
5703000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5224089000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5677881000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
912100000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
906000000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
1657000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
7125000 USD
CY2015Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
601000 USD
CY2016Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
0 USD
CY2015Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-263124000 USD
CY2016Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-306568000 USD
CY2015Q3 us-gaap Revenues
Revenues
123143000 USD
us-gaap Revenues
Revenues
356537000 USD
CY2016Q3 us-gaap Revenues
Revenues
134541000 USD
us-gaap Revenues
Revenues
392448000 USD
CY2015Q4 us-gaap Secured Debt
SecuredDebt
23964000 USD
CY2016Q3 us-gaap Secured Debt
SecuredDebt
16732000 USD
CY2015Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0 USD
CY2016Q3 us-gaap Significant Change In Unrecognized Tax Benefits Is Reasonably Possible Amount Of Unrecorded Benefit
SignificantChangeInUnrecognizedTaxBenefitsIsReasonablyPossibleAmountOfUnrecordedBenefit
0 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3342134000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
3578849000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3342393000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3579080000 USD
us-gaap Straight Line Rent
StraightLineRent
-161000 USD
us-gaap Straight Line Rent
StraightLineRent
-21000 USD
CY2015Q3 us-gaap Tenant Reimbursements
TenantReimbursements
3469000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
10307000 USD
CY2016Q3 us-gaap Tenant Reimbursements
TenantReimbursements
3413000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
10251000 USD
CY2015Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
CY2016Q3 us-gaap Unrecognized Tax Benefits Income Tax Penalties And Interest Accrued
UnrecognizedTaxBenefitsIncomeTaxPenaltiesAndInterestAccrued
0 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
us-gaap Unrecognized Tax Benefits Period Increase Decrease
UnrecognizedTaxBenefitsPeriodIncreaseDecrease
0 USD
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
CY2016Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
146681592 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
144036165 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
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
146982759 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
144301606 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
CY2016Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
146111041 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
143474664 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
CY2016Q3 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
406170 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
385267 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;">2016</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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