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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash Flow From Operating Activities:    
Net income (loss) $ 34,597 $ (10,446)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
(Gain) loss on sale or write down of assets (15,041) 7,047
Gain on foreign currency transactions (17,904) (2,824)
Loss on extinguishment of debt 1,639 0
Depreciation and amortization 6,363 7,755
Recovery of bad debts (3,403) (1,326)
Equity in income from unconsolidated joint ventures (7,242) (7,908)
Distribution of income from unconsolidated joint ventures 1,100 3,157
Changes in assets and liabilities, net of dispositions:    
Other assets 2,553 (8,850)
Related party receivables (3,948) 14,128
Accrued interest payable (2,459) (908)
Accounts payable and other liabilities (5,248) 87
Net cash used in operating activities (8,993) (88)
Cash Flow From Investing Activities:    
Collection of notes receivable 1,295 9,319
Originations and advances on notes receivable (989) (3,504)
Purchase of short-term investment (31,500) 0
Redemption of short-term investment 39,750 0
Development and renovation of real estate (8,215) (6,990)
Deferred leasing costs (922) (755)
Proceeds from sale of assets 32,875 24,440
Contribution to unconsolidated joint venture 0 (411)
Distribution from unconsolidated joint venture 1,500 7,430
Net cash provided by investing activities 33,794 29,529
Cash Flow From Financing Activities:    
Payments on mortgages, other notes and bonds payable (39,249) (48,431)
Debt extinguishment costs (590) 0
Deferred financing costs 0 (22)
Net cash used in financing activities (39,839) (48,453)
Net decrease in cash, cash equivalents and restricted cash (15,038) (19,012)
Cash, cash equivalents and restricted cash, beginning of period 72,734 87,020
Cash, cash equivalents and restricted cash, end of period $ 57,696 $ 68,008