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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flows from Operating Activities    
Net income (loss) $ (126,361) $ (48,817)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss on extinguishment of debt, net 54 139
Depreciation and amortization, net 130,078 129,447
Asset impairment 20,706 3,375
Equity in earnings of unconsolidated ventures (981) (1,018)
Distributions from unconsolidated ventures from cumulative share of net earnings 439 0
Amortization of deferred gain (1,093) (1,093)
Amortization of entrance fees (1,198) (926)
Proceeds from deferred entrance fee revenue 1,927 3,087
Deferred income tax provision 83,310 934
Change in deferred lease liability (3,007) 3,935
Change in fair value of derivatives 46 24
Loss (gain) on sale of assets, net 603 (2,749)
Non-cash stock-based compensation 7,774 9,769
Non-cash interest expense on financing lease obligations 6,156 6,439
Amortization of (above) below market lease, net (1,697) (1,733)
Other (1,398) (2,330)
Changes in operating assets and liabilities:    
Accounts receivable, net 3,556 (2,738)
Prepaid expenses and other assets, net (8,630) (36,554)
Accounts payable and accrued expenses (51,627) (1,388)
Tenant refundable fees and security deposits (297) (226)
Deferred revenue 8,406 12,766
Net cash provided by operating activities 66,766 70,343
Cash Flows from Investing Activities    
Increase in lease security deposits and lease acquisition deposits, net (420) (1,210)
(Increase) decrease in cash and escrow deposits — restricted (629) 72
Additions to property, plant and equipment and leasehold intangibles, net (48,928) (108,510)
Acquisition of assets, net of related payables and cash received 0 (12,157)
Investment in unconsolidated ventures (185,971) (2,365)
Distributions received from unconsolidated ventures 1,807 1,724
Proceeds from sale of assets, net 31,675 45,584
Property insurance proceeds 1,398 2,330
Other 696 84
Net cash used in investing activities (200,372) (74,448)
Cash Flows from Financing Activities    
Proceeds from debt 34,455 177,370
Repayment of debt and capital and financing lease obligations (52,273) (84,016)
Proceeds from line of credit 0 448,500
Repayment of line of credit 0 (548,500)
Payment of financing costs, net of related payables (321) (818)
Proceeds from refundable entrance fees, net of refunds (902) (593)
Payment on lease termination 0 (4,625)
Payments of employee taxes for withheld shares (5,112) (965)
Other 599 585
Net cash used in financing activities (23,554) (13,062)
Net decrease in cash and cash equivalents (157,160) (17,167)
Cash and cash equivalents at beginning of period 216,397 88,029
Cash and cash equivalents at end of period $ 59,237 $ 70,862