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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flow From Operating Activities:    
Net income $ 14,567 $ 23,215
Adjustments to reconcile net income to net cash used in operating activities:    
Gain on sale or write down of assets (11,148) (17,398)
Gain on foreign currency transactions (3,772) (7,617)
Loss on extinguishment of debt 1,639 0
Depreciation and amortization 3,210 3,953
Provision (recovery) of bad debts 139 (1,017)
Equity in income from unconsolidated joint ventures (5,194) (3,336)
Distribution of income from unconsolidated joint ventures 0 3,157
Changes in assets and liabilities, net of dispositions:    
Other assets 5,429 2,981
Related party receivables (411) 2,525
Accrued interest payable (3,311) (4,244)
Accounts payable and other liabilities (5,334) (3,668)
Net cash used in operating activities (4,186) (1,449)
Cash Flow From Investing Activities:    
Collection of notes receivable 632 9,373
Originations and advances on notes receivable (537) (10,448)
Purchase of short-term investment (16,584) 0
Development and renovation of real estate (6,388) (4,978)
Deferred leasing costs 0 (755)
Proceeds from sale of assets 28,523 14,434
Contribution to unconsolidated joint venture 0 (411)
Distribution from unconsolidated joint venture 0 7,430
Net cash provided by investing activities 5,646 14,645
Cash Flow From Financing Activities:    
Payments on mortgages, other notes and bonds payable (38,179) (25,133)
Debt extinguishment costs (590) 0
Deferred financing costs 0 (22)
Net cash used in financing activities (38,769) (25,155)
Net decrease in cash, cash equivalents and restricted cash (37,309) (11,959)
Cash, cash equivalents and restricted cash, beginning of period 72,734 87,020
Cash, cash equivalents and restricted cash, end of period $ 35,425 $ 75,061