NATIONAL RETAIL PROPERTIES, INC. and SUBSIDIARIES CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (dollars in thousands, except per share data) Year Ended December 31, 2013 2012 2011 Revenues: Rental income from operating leases $ 371,948 $ 311,753 $ 239,758 Earned income from direct financing leases 1,955 2,119 2,367 Percentage rent 1,557 1,165 1,093 Real estate expense reimbursement from tenants 13,110 11,587 10,080 Interest and other income from real estate transactions 1,467 2,239 2,287 Interest income on commercial mortgage residual interests 2,290 2,673 3,105 392,327 331,536 258,690 Retail operations: Revenues — 19,008 45,139 Operating expenses — (18,542) (43,088) Net — 466 2,051 Operating expenses: General and administrative 32,576 32,187 28,796 Real estate 18,100 17,041 16,997 Depreciation and amortization 99,246 73,707 56,466 Impairment – commercial mortgage residual interests valuation 1,185 2,812 1,024 Impairment losses and other charges, net of recoveries 1,972 3,088 (1,349) 153,079 128,835 101,934 Earnings from operations 239,248 203,167 158,807 Other expenses (revenues): Interest and other income (1,493) (2,232) (1,593) Interest expense 85,283 83,192 75,532 83,790 80,960 73,939 Earnings from continuing operations before gain on disposition of real estate, income tax benefit (expense) and equity in earnings of unconsolidated affiliate 155,458 122,207 84,868 Gain on disposition of real estate 173 — 297 Income tax benefit (expense) (618) 6,947 (899) Equity in earnings of unconsolidated affiliate — 4,074 474 Earnings from continuing operations 155,013 133,228 84,740 Earnings from discontinued operations, net of income tax expense 5,072 8,709 7,676 Earnings including noncontrolling interests 160,085 141,937 92,416 Loss (earnings) attributable to noncontrolling interests: Continuing operations 286 107 9 Discontinued operations (226) (29) (100) 60 78 (91) Net earnings attributable to NNN $ 160,145 $ 142,015 $ 92,325 See accompanying notes to consolidated financial statements.   43