OUR  HISTORICAL FINANCIAL  HIGHLIGHTS (dollars in thousands, except per share data) 2013 2012 2011 2010 2009 GROSS REVENUES (1) $ 397,006 $ 342,059 $ 271,696 $ 237,062 $ 243,933 EARNINGS FROM CONTINUING OPERATIONS 155,013 133,228 84,740 64,844 50,013 EARNINGS INCLUDING NONCONTROLLING INTERESTS 160,085 141,937 92,416 73,353 56,399 NET EARNINGS ATTRIBUTABLE TO NNN 160,145 142,015 92,325 72,997 54,810 TOTAL ASSETS 4,454,523 3,988,026 3,435,043 2,713,575 2,590,962 TOTAL DEBT 1,570,059 1,586,964 1,339,109 1,133,685 987,346 TOTAL STOCKHOLDERS’ EQUITY 2,777,045 2,296,285 2,002,498 1,527,483 1,564,240 CASH DIVIDENDS DECLARED TO: Common stockholders 189,107 167,495 133,720 125,391 120,256 Series C preferred stockholders — 1,979 6,785 6,785 6,785 Series D preferred stockholders 19,047 15,449 — — — Series E preferred stockholders 8,876 — — — — WEIGHTED AVERAGE COMMON SHARES: Basic 118,204,148 106,965,156 88,100,076 82,715,645 79,846,258 Diluted 119,864,824 109,117,515 88,837,057 82,849,362 79,953,499 PER SHARE INFORMATION: Earnings from continuing operations: Basic $ 1.07 $ 1.05 $ 0.88 $ 0.70 $ 0.52 Diluted 1.06 1.03 0.87 0.70 0.52 Net earnings: Basic 1.11 1.13 0.96 0.80 0.60 Diluted 1.10 1.11 0.96 0.80 0.60 Cash dividends declared to: Common stockholders 1.60 1.56 1.53 1.51 1.50 Series C preferred depositary stockholders — 0.537760 1.843750 1.843750 1.843750 Series D preferred depositary stockholders 1.656250 1.343403 — — — Series E preferred depositary stockholders 0.771875 — — — — OTHER DATA: Cash flows provided by (used in): Operating activities $  274,421 $  228,130 $  177,728 $  187,914 $  149,502 Investing activities (568,040) (601,759) (752,068) (220,260) (28,063) Financing activities 293,028 373,623 574,374 19,169 (108,840) FUNDS FROM OPERATIONS – AVAILABLE TO COMMON STOCKHOLDERS (2) 229,518 193,682 139,834 108,625 90,039  NATIONAL RETAIL PROPERTIES | 2013 ANNUAL REPORT | ROOTED IN STRENGTH & STABILITY |  7 $^{(1)}$Gross revenues include revenues from NNN’s continuing and discontinued operations. In accordance with FASB guidance on Accounting for the Impairment  or Disposal of Long-Lived Assets, NNN has classified the revenues related to (i) all Properties which generated revenue that were sold and a leasehold interest  which expired and (ii) all Properties which generated revenue and were held for sale at December 31, 2013, as discontinued operations. $^{(2)}$The National Association of Real Estate Investment Trusts (“NAREIT”) developed Funds from Operations (“FFO”) as a relative non-GAAP financial measure  of performance of a REIT in order to recognize that income-producing real estate historically has not depreciated on the basis determined under U.S. generally  accepted accounting principles (“GAAP”). FFO is defined by NAREIT and is used by NNN as follows: net earnings (computed in accordance with GAAP)  plus depreciation and amortization of real estate assets, excluding gains (or including losses) on the disposition of certain assets, any impairment charges on  a depreciable real estate asset and NNN’s share of these items from NNN’s unconsolidated partnerships and joint ventures.