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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Operating activities:      
Net income (loss) $ 65,948 $ 129,893 $ (92,144)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 66,792 83,481 135,373
Amortization of loan costs and lease costs (including above- and below-market leases) 1,133 3,846 12,310
Accretion and amortization of fair value measures 19 (89) 305
Gain on sale of properties and disposal of fixed assets (8,445) (246,837) (4,073)
Gain from acquisition of unconsolidated entity (30,025) 0 0
Gain on sale of unconsolidated entities 0 (39,252) 0
Loss on extinguishment of debt 333 23,107 6,209
Amortization of terminated hedge 0 180 3,486
Swap termination fees 0 (184) (1,904)
Loss on lease termination 0 0 8,174
Gain from insurance proceeds (1,118) (2,914) (4,916)
Impairment provision 8,142 132,622 68,295
Loan loss provision 0 9,319 3,270
Bad debt expense 1,854 10,298 2,309
Prepayment penalties on loans (235) (1,277) (7,047)
Premium paid on senior notes 0 (11,537) (2,500)
Equity in earnings net of distributions from unconsolidated entities (216) 6,934 5,744
Changes in assets and liabilities:      
Other assets 1,490 (146) 467
Deferred rent and lease incentives 1,010 (4,214) (982)
Accounts and other receivables (6,420) 499 (7,401)
Accounts payable, accrued expenses and other liabilities (8,943) (41,852) 3,017
Income tax liabilities (1,354) 9,778 0
Due to affiliates 64 988 (1,058)
Net cash provided by operating activities 90,029 62,643 126,934
Investing activities:      
Proceeds from sale of real estate 148,319 992,738 384,293
Acquisition of properties 0 0 (128,390)
Capital expenditures (27,074) (49,272) (79,115)
Contributions to unconsolidated entities (5,839) (54,572) 0
Proceeds from sale of unconsolidated entities 0 139,501 0
Cash assumed through purchase of controlling interest of investment in unconsolidated entity 11,861 0 0
Proceeds from insurance 1,734 4,674 10,187
Proceeds from short-term investment 0 0 1,169
Principal payments received on mortgage loans receivable 0 9,828 83,468
Changes in restricted cash 7,440 14,317 1,394
Other 0 0 980
Net cash provided by investing activities 136,441 1,057,214 273,986
Financing activities:      
Redemptions of common stock 0 (6) (9,609)
Distributions to stockholders (net of reinvestments during 2014) (211,369) (487,774) (110,671)
Borrowings under line of credit 0 0 232,500
Proceeds from mortgages and other notes payable 0 0 57,790
Principal payments on line of credit 0 (152,500) (130,000)
Principal payments on mortgages, notes payable and senior notes (39,206) (529,893) (365,224)
Principal payments on capital leases (2,557) (2,834) (4,863)
Payments of entrance fee refunds 0 0 (1,845)
Payment of loan costs 0 (239) (3,536)
Net cash used in financing activities (253,132) (1,173,246) (335,458)
Effect of exchange rate fluctuations on cash (66) (52) (51)
Net increase (decrease) in cash (26,728) (53,441) 65,411
Cash at beginning of period 83,544 136,985 71,574
Cash at end of period 56,816 83,544 136,985
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest 10,428 35,030 68,536
Supplemental disclosure of non-cash investing activities:      
Net increase in real estate and other working capital due to consolidation of unconsolidated entity 18,164 0 0
Assumption of debts 0 0 27,398
Assumption of capital leases 1,650 2,761 4,004
Change in accounts payable related to capital expenditures 2,831 5,898 4,192
Property assumed in connection with foreclosure 0 0 8,729
Supplemental disclosure of non-cash financing activities:      
Assumption of mortgage loans by third party $ 0 $ 151,478 $ 0