2018 Q2 Form 10-Q Financial Statement

#000075136418000084 Filed on August 01, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $155.6M $145.6M
YoY Change 6.85% 11.14%
Cost Of Revenue $5.800M $5.400M
YoY Change 7.41% 17.39%
Gross Profit $149.7M $140.1M
YoY Change 6.85% 10.84%
Gross Profit Margin 96.24% 96.23%
Selling, General & Admin $8.700M $8.800M
YoY Change -1.14% 1.15%
% of Gross Profit 5.81% 6.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $43.30M $41.40M
YoY Change 4.59% 13.74%
% of Gross Profit 28.92% 29.55%
Operating Expenses $61.97M $62.96M
YoY Change -1.57% 12.66%
Operating Profit $97.66M $82.59M
YoY Change 18.24% 10.06%
Interest Expense $27.11M $27.27M
YoY Change -0.6% 13.26%
% of Operating Profit 27.76% 33.02%
Other Income/Expense, Net -$27.07M -$27.24M
YoY Change -0.6% 12.14%
Pretax Income $70.60M $58.40M
YoY Change 20.89% 15.06%
Income Tax
% Of Pretax Income
Net Earnings $70.57M $58.03M
YoY Change 21.62% 11.72%
Net Earnings / Revenue 45.37% 39.86%
Basic Earnings Per Share $0.40 $0.33
Diluted Earnings Per Share $0.40 $0.33
COMMON SHARES
Basic Shares Outstanding 153.8M shares 148.4M shares
Diluted Shares Outstanding 154.2M shares 148.7M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.900M $4.500M
YoY Change -57.78% 87.5%
Cash & Equivalents $1.885M $4.450M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $10.50M $2.300M
Prepaid Expenses
Receivables $2.500M $2.200M
Other Receivables $0.00 $0.00
Total Short-Term Assets $14.90M $9.000M
YoY Change 65.56% 16.88%
LONG-TERM ASSETS
Property, Plant & Equipment $6.619B $6.208B
YoY Change 6.61% 10.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $4.800M $2.100M
YoY Change 128.57% -38.24%
Total Long-Term Assets $6.730B $6.328B
YoY Change 6.35% 9.53%
TOTAL ASSETS
Total Short-Term Assets $14.90M $9.000M
Total Long-Term Assets $6.730B $6.328B
Total Assets $6.745B $6.337B
YoY Change 6.44% 9.54%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $19.40M $19.90M
YoY Change -2.51% 4.19%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $19.40M $19.90M
YoY Change -2.51% 4.19%
LONG-TERM LIABILITIES
Long-Term Debt $2.628B $2.529B
YoY Change 3.93% 19.41%
Other Long-Term Liabilities $108.3M $99.70M
YoY Change 8.63% -1.29%
Total Long-Term Liabilities $2.736B $2.629B
YoY Change 4.11% 18.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $19.40M $19.90M
Total Long-Term Liabilities $2.736B $2.629B
Total Liabilities $2.756B $2.648B
YoY Change 4.05% 18.35%
SHAREHOLDERS EQUITY
Retained Earnings -$368.1M -$352.6M
YoY Change 4.38% 25.13%
Common Stock $1.571M $1.493M
YoY Change 5.22% 2.12%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.989B $3.688B
YoY Change
Total Liabilities & Shareholders Equity $6.745B $6.337B
YoY Change 6.44% 9.54%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $70.57M $58.03M
YoY Change 21.62% 11.72%
Depreciation, Depletion And Amortization $43.30M $41.40M
YoY Change 4.59% 13.74%
Cash From Operating Activities $98.20M $97.90M
YoY Change 0.31% 14.91%
INVESTING ACTIVITIES
Capital Expenditures -$150.1M -$300.9M
YoY Change -50.12% -16.18%
Acquisitions
YoY Change
Other Investing Activities $12.00M $9.000M
YoY Change 33.33% -85.85%
Cash From Investing Activities -$138.0M -$292.0M
YoY Change -52.74% -1.15%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 37.70M 164.1M
YoY Change -77.03% -19.56%
NET CHANGE
Cash From Operating Activities 98.20M 97.90M
Cash From Investing Activities -138.0M -292.0M
Cash From Financing Activities 37.70M 164.1M
Net Change In Cash -2.100M -30.00M
YoY Change -93.0% 383.87%
FREE CASH FLOW
Cash From Operating Activities $98.20M $97.90M
Capital Expenditures -$150.1M -$300.9M
Free Cash Flow $248.3M $398.8M
YoY Change -37.74% -10.22%

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us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
52000 USD
us-gaap Other Comprehensive Income Availableforsale Securities Adjustment Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeAvailableforsaleSecuritiesAdjustmentNetOfTaxPortionAttributableToParent
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CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
74547000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
57262000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
176057000 USD
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ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
130887000 USD
us-gaap Profit Loss
ProfitLoss
173873000 USD
us-gaap Profit Loss
ProfitLoss
132057000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
87802000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
81469000 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
6083000 USD
nnn Impairment Losses And Other Charges
ImpairmentLossesAndOtherCharges
1167000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
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us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
878000 USD
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AmortizationOfFinancingCosts
1781000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1727000 USD
nnn Amortizationof Mortgages Premium
AmortizationofMortgagesPremium
43000 USD
nnn Amortizationof Mortgages Premium
AmortizationofMortgagesPremium
42000 USD
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
1056000 USD
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
903000 USD
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GainLossOnSaleOfProperties
42702000 USD
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GainLossOnSaleOfProperties
17679000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
4843000 USD
nnn Performance Incentive Plan Expense
PerformanceIncentivePlanExpense
10204000 USD
nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
432000 USD
nnn Performance Incentive Plan Payment
PerformanceIncentivePlanPayment
862000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-462000 USD
nnn Increase Decrease In Direct Financing And Sales Type Leases
IncreaseDecreaseInDirectFinancingAndSalesTypeLeases
-443000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1229000 USD
us-gaap Increase Decrease In Receivables
IncreaseDecreaseInReceivables
-1210000 USD
us-gaap Straight Line Rent
StraightLineRent
930000 USD
us-gaap Straight Line Rent
StraightLineRent
904000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
894000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-858000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-910000 USD
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
256000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-3944000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
3428000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
-35000 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
42000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
228231000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
215071000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
83711000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
48595000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
325069000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
398963000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
-122000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
431000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-241236000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-350799000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
1167500000 USD
us-gaap Proceeds From Long Term Lines Of Credit
ProceedsFromLongTermLinesOfCredit
705200000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
1121300000 USD
us-gaap Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
489700000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
266000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
253000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
112000 USD
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
172000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
132191000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
74503000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1740000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
1238000 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
0 USD
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
287500000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
145583000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
134440000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13526000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-154362000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
521000 USD
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
-290090000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1364000 USD
CY2016Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
294540000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1885000 USD
CY2017Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4450000 USD
us-gaap Interest Paid Net
InterestPaidNet
52810000 USD
us-gaap Interest Paid Net
InterestPaidNet
51279000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
-3000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
-2203000 USD
nnn Supplemental Change In Other Comprehensive Income
SupplementalChangeInOtherComprehensiveIncome
798000 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
696000 USD
CY2018Q2 nnn Restricted Cashand Investments Restricted Cashand Cash Heldin Escrow Current
RestrictedCashandInvestmentsRestrictedCashandCashHeldinEscrowCurrent
0 USD
CY2018Q2 nnn Investment Properties Total
InvestmentPropertiesTotal
2846 property
CY2018Q2 us-gaap Area Of Real Estate Property
AreaOfRealEstateProperty
29389000 sqft
CY2018Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
48 state
nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P11Y6M
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1904000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1113000 USD
CY2018Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1076000 USD
CY2017Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
560000 USD
CY2018Q2 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
41912000 USD
CY2017Q4 us-gaap Below Market Lease Gross
BelowMarketLeaseGross
44468000 USD
CY2018Q2 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
25151000 USD
CY2017Q4 us-gaap Below Market Lease Accumulated Amortization
BelowMarketLeaseAccumulatedAmortization
26055000 USD
CY2018Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
16761000 USD
CY2017Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
18413000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
2115000 USD
us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1341000 USD
CY2018Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1417000 USD
CY2017Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
682000 USD
CY2018Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
900000000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
70573000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
58028000 USD
us-gaap Net Income Loss
NetIncomeLoss
173854000 USD
us-gaap Net Income Loss
NetIncomeLoss
131685000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
61992000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
49447000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
156690000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
101068000 USD
CY2018Q2 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
141000 USD
CY2017Q2 nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
137000 USD
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
273000 USD
nnn Earnings Attributable To Unvested Restricted Shares Using Two Class Method
EarningsAttributableToUnvestedRestrictedSharesUsingTwoClassMethod
267000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
61851000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
49310000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
156417000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
100801000 USD
CY2018Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
154593456 shares
CY2017Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
149119191 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
154138711 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
148354604 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
295444 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
301206 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
266690 shares
us-gaap Weighted Average Number Of Shares Restricted Stock
WeightedAverageNumberOfSharesRestrictedStock
293588 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
487320 shares
CY2017Q2 us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
445484 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
443656 shares
us-gaap Incremental Common Shares Attributable To Contingently Issuable Shares
IncrementalCommonSharesAttributableToContingentlyIssuableShares
405940 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153810692 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
148372501 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
153428365 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
147655076 shares
CY2018Q2 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
393246 shares
CY2017Q2 nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
346969 shares
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
411854 shares
nnn Incremental Common Shares Attributable To Dilutive Effect Other
IncrementalCommonSharesAttributableToDilutiveEffectOther
368592 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
154203938 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148719470 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
153840219 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
148023668 shares
us-gaap Other Comprehensive Income Loss Before Reclassifications Net Of Tax
OtherComprehensiveIncomeLossBeforeReclassificationsNetOfTax
1147000 USD
us-gaap Reclassification From Accumulated Other Comprehensive Income Current Period Net Of Tax
ReclassificationFromAccumulatedOtherComprehensiveIncomeCurrentPeriodNetOfTax
-1056000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
2203000 USD
us-gaap Use Of Estimates
UseOfEstimates
Use of Estimates – 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.
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
Reclassification – Certain items in the prior year’s consolidated financial statements and notes to consolidated financial statements have been reclassified to conform to the 2018 presentation.
nnn Weighted Average Remaining Lease Term
WeightedAverageRemainingLeaseTerm
P11Y6M
nnn Numberof Renewal Options
NumberofRenewalOptions
1 option
CY2018Q2 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
7472784000 USD
CY2017Q4 nnn Real Estate Subject To Operating Leases Gross
RealEstateSubjectToOperatingLeasesGross
7254891000 USD
CY2018Q2 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
945626000 USD
CY2017Q4 us-gaap Property Subject To Or Available For Operating Lease Accumulated Depreciation
PropertySubjectToOrAvailableForOperatingLeaseAccumulatedDepreciation
878111000 USD
CY2018Q2 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
6527158000 USD
CY2017Q4 nnn Real Estate Subject To Operating Leases Before Work In Process
RealEstateSubjectToOperatingLeasesBeforeWorkInProcess
6376780000 USD
CY2018Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6609368000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6418700000 USD
CY2018Q2 nnn Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
7 property
CY2017Q4 nnn Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
9 property
nnn Numberof Properties Sold
NumberofPropertiesSold
2 property
CY2018Q2 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
4424000 USD
CY2017Q4 us-gaap Inventory Land Held For Sale
InventoryLandHeldForSale
5229000 USD
CY2018Q2 nnn Inventory Building Held For Sale
InventoryBuildingHeldForSale
11098000 USD
CY2017Q4 nnn Inventory Building Held For Sale
InventoryBuildingHeldForSale
12956000 USD
CY2018Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
15522000 USD
CY2017Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
18185000 USD
CY2018Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2798000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
3010000 USD
CY2018Q2 nnn Accumulated Impairment Real Estate Held For Sale
AccumulatedImpairmentRealEstateHeldForSale
2261000 USD
CY2017Q4 nnn Accumulated Impairment Real Estate Held For Sale
AccumulatedImpairmentRealEstateHeldForSale
864000 USD
CY2018Q2 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
10463000 USD
CY2017Q4 us-gaap Inventory Real Estate Held For Sale
InventoryRealEstateHeldForSale
14311000 USD
CY2018Q2 nnn Real Estate Investment Funding Construction Commitments Number Of Properties
RealEstateInvestmentFundingConstructionCommitmentsNumberOfProperties
17 property
nnn Periodfor Improvementsto Construction Commitments
PeriodforImprovementstoConstructionCommitments
P12M
CY2018Q2 nnn Real Estate Investment Funding Commitments
RealEstateInvestmentFundingCommitments
134726000 USD
CY2018Q2 nnn Real Estate Investment Funding Commitments Amount Funded
RealEstateInvestmentFundingCommitmentsAmountFunded
109413000 USD
CY2018Q2 nnn Real Estate Investment Funding Commitments Remaining Commitment
RealEstateInvestmentFundingCommitmentsRemainingCommitment
25313000 USD
nnn Impairment Losses And Other Charges Net Of Recoveries
ImpairmentLossesAndOtherChargesNetOfRecoveries
6083000 USD
nnn Impairment Losses And Other Charges Net Of Recoveries
ImpairmentLossesAndOtherChargesNetOfRecoveries
1167000 USD
CY2018Q2 nnn Impairment Losses And Other Charges Net Of Recoveries
ImpairmentLossesAndOtherChargesNetOfRecoveries
3835000 USD
CY2017Q2 nnn Impairment Losses And Other Charges Net Of Recoveries
ImpairmentLossesAndOtherChargesNetOfRecoveries
-39000 USD
CY2018Q2 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
900000000 USD
us-gaap Line Of Credit Facility Average Outstanding Amount
LineOfCreditFacilityAverageOutstandingAmount
187331000 USD
us-gaap Line Of Credit Facility Interest Rate During Period
LineOfCreditFacilityInterestRateDuringPeriod
0.027
CY2018Q2 nnn Lineof Credit Facility Accordion Feature Increase Limit
LineofCreditFacilityAccordionFeatureIncreaseLimit
1600000000 USD
CY2018Q2 us-gaap Line Of Credit
LineOfCredit
166700000 USD
CY2018Q2 us-gaap Line Of Credit Facility Remaining Borrowing Capacity
LineOfCreditFacilityRemainingBorrowingCapacity
733300000 USD
CY2018Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
72850000 USD
CY2017Q2 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
67660000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
145583000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
134440000 USD
CY2018Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.475
CY2017Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.455
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.950
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.910
CY2018Q2 us-gaap Accumulated Other Comprehensive Income Loss Cumulative Changes In Net Gain Loss From Cash Flow Hedges Effect Net Of Tax
AccumulatedOtherComprehensiveIncomeLossCumulativeChangesInNetGainLossFromCashFlowHedgesEffectNetOfTax
13599000 USD
CY2018Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
-2192000 USD
us-gaap Gain Loss On Cash Flow Hedge Ineffectiveness Net
GainLossOnCashFlowHedgeIneffectivenessNet
0 USD
CY2018Q2 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2416221000 USD
CY2017Q4 us-gaap Notes Payable Fair Value Disclosure
NotesPayableFairValueDisclosure
2507106000 USD

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