XML 18 R7.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Cash Flows from Operating Activities    
Net income (loss) $ (586,627) $ (136,036)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Loss on extinguishment of debt, net 669 375
Depreciation and amortization, net 374,850 398,292
Goodwill and asset impairment 390,816 26,638
Equity in loss (earnings) of unconsolidated ventures 10,311 (478)
Distributions from unconsolidated ventures from cumulative share of net earnings 1,365 6,400
Amortization of deferred gain (3,277) (3,279)
Amortization of entrance fees (2,457) (3,111)
Proceeds from deferred entrance fee revenue 4,519 11,327
Deferred income tax provision 48,669 3,804
Change in deferred lease liability (9,204) 2,553
Change in fair value of derivatives 159 28
Loss (gain) on sale of assets, net 1,383 (2,126)
Loss on facility lease termination 11,306 0
Non-cash stock-based compensation 22,547 27,218
Non-cash interest expense on financing lease obligations 13,960 19,728
Amortization of (above) below market lease, net (5,091) (5,165)
Other (4,699) (6,360)
Changes in operating assets and liabilities:    
Accounts receivable, net 10,765 8,183
Prepaid expenses and other assets, net 23,323 (7,338)
Accounts payable and accrued expenses (21,459) (73,892)
Tenant refundable fees and security deposits (232) (693)
Deferred revenue 1,513 11,213
Net cash provided by operating activities 283,109 277,281
Cash Flows from Investing Activities    
Change in lease security deposits and lease acquisition deposits, net (411) (1,776)
Change in cash and escrow deposits — restricted (6,340) (1,810)
Purchase of marketable securities (246,376) 0
Additions to property, plant and equipment and leasehold intangibles, net (140,044) (263,950)
Acquisition of assets, net of related payables and cash received (400) (12,157)
Investment in unconsolidated ventures (187,600) (6,071)
Distributions received from unconsolidated ventures 11,491 4,836
Proceeds from sale of assets, net 34,570 219,471
Property insurance proceeds 4,430 6,360
Other 962 723
Net cash used in investing activities (529,718) (54,374)
Cash Flows from Financing Activities    
Proceeds from debt 1,293,047 202,132
Repayment of debt and capital and financing lease obligations (958,703) (217,696)
Proceeds from line of credit 100,000 1,276,500
Repayment of line of credit (100,000) (1,486,500)
Payment of financing costs, net of related payables (5,705) (1,414)
Proceeds from refundable entrance fees, net of refunds (2,241) (907)
Payment on lease termination (552) (9,250)
Payments of employee taxes for withheld shares (5,666) (1,435)
Other 1,586 1,818
Net cash provided by (used in) financing activities 321,766 (236,752)
Net increase (decrease) in cash and cash equivalents 75,157 (13,845)
Cash and cash equivalents at beginning of period 216,397 88,029
Cash and cash equivalents at end of period $ 291,554 $ 74,184