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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net (loss) income $ (66,183) $ 11,143
Adjustments to reconcile net (loss) income to cash provided by operating activities:    
Depreciation and amortization 66,153 68,430
Net amortization of debt premiums, discounts and issuance costs 2,812 1,509
Straight line rental income (804) (1,153)
Amortization of acquired real estate leases (1,866) (1,873)
Loss on early extinguishment of debt 2,040 25
Gain on lease termination 0 (22,896)
Impairment of assets (174) 11,234
Loss (gain) on sale of properties 122 (2,782)
Losses on equity securities, net 8,339 9,943
Other non-cash adjustments, net (715) (943)
Change in assets and liabilities:    
Other assets (24,552) (39,433)
Accrued interest 29,035 5,167
Other liabilities 20,615 17,941
Net cash provided by operating activities 34,822 56,312
Cash flows from investing activities:    
Real estate acquisitions and deposits 0 (2,526)
Real estate improvements (44,005) (41,045)
Proceeds from sale of properties, net 8,702 16,930
Net cash used in investing activities (35,303) (26,641)
Cash flows from financing activities:    
Proceeds from issuance of senior unsecured notes, net 492,500 0
Proceeds from borrowings on revolving credit facility 800,000 130,500
Repayments of borrowings on revolving credit facility 0 (83,000)
Repayment of term loan (200,000) 0
Repayment of other debt (779) (2,466)
Loss on early extinguishment of debt settled in cash 0 (221)
Payment of debt issuance costs (4,007) 0
Repurchase of common shares 0 (21)
Distributions to noncontrolling interest (5,694) (5,767)
Distributions to shareholders (2,383) (35,684)
Net cash provided by financing activities 1,079,637 3,341
Increase in cash and cash equivalents and restricted cash 1,079,156 33,012
Cash and cash equivalents and restricted cash at beginning of period 90,849 52,224
Cash and cash equivalents and restricted cash at end of period $ 1,170,005 $ 85,236