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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Cash Flows from Operating Activities    
Net loss $ (5,594) $ (1,642)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Loss on extinguishment of debt 3,197 893
Depreciation and amortization 149,500 140,830
Asset impairment 0 2,154
Equity in earnings of unconsolidated ventures (2,159) (560)
Distributions from unconsolidated ventures from cumulative share of net earnings 615 1,441
Amortization of deferred gain (2,186) (2,186)
Amortization of entrance fees (14,749) (14,165)
Proceeds from deferred entrance fee revenue 23,941 21,361
Deferred income tax provision 593 0
Change in deferred lease liability (440) 1,432
Change in fair value of derivatives 2,169 (1,971)
Loss (gain) on sale of assets 115 (902)
Non-cash stock-based compensation 15,301 13,882
Changes in operating assets and liabilities:    
Accounts receivable, net 1,415 (7,328)
Prepaid expenses and other assets, net (14,185) (3,539)
Accounts payable and accrued expenses (13,316) 2,055
Tenant refundable fees and security deposits (477) (593)
Deferred revenue 474 (6,334)
Net cash provided by operating activities 144,214 144,828
Cash Flows from Investing Activities    
Increase in lease security deposits and lease acquisition deposits, net (66) (3,018)
Decrease in cash and escrow deposits - restricted 588 3,021
Additions to property, plant and equipment and leasehold intangibles, net (133,429) (100,291)
Acquisition of assets, net of related payables and cash received (515) (4,835)
Payments on (issuance of) notes receivable, net 2,640 (64)
Investment in unconsolidated ventures 0 (7,992)
Distributions received from unconsolidated ventures 2,643 0
Proceeds from sale of assets, net 0 7,554
Net cash used in investing activities (128,139) (105,625)
Cash Flows from Financing Activities    
Proceeds from debt 180,154 427,622
Repayment of debt and capital lease obligations (181,813) (488,532)
Proceeds from line of credit 82,000 190,000
Repayment of line of credit (100,000) (200,000)
Payment of financing costs, net of related payables (818) (7,895)
Refundable entrance fees:    
Proceeds from refundable entrance fees 16,942 19,390
Refunds of entrance fees (17,659) (16,776)
Cash portion of loss on extinguishment of debt (3,180) (453)
Purchase of derivatives 0 (1,489)
Other 722 636
Net cash used in financing activities (23,652) (77,497)
Net decrease in cash and cash equivalents (7,577) (38,294)
Cash and cash equivalents at beginning of period 58,511 69,240
Cash and cash equivalents at end of period $ 50,934 $ 30,946