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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities      
Net income (loss) $ (571,606) $ (404,636) $ (458,155)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Loss on extinguishment of debt, net 714 1,251 121
Depreciation and amortization, net 494,758 529,802 736,516
Goodwill and asset impairment 409,782 248,515 57,941
Equity in loss (earnings) of unconsolidated ventures 14,827 (1,660) 804
Distributions from unconsolidated ventures from cumulative share of net earnings 8,258 23,544 7,825
Amortization of deferred gain (4,366) (4,372) (4,372)
Amortization of entrance fees (2,901) (4,195) (3,204)
Proceeds from deferred entrance fee revenue (5,712) (13,980) (11,113)
Deferred income tax (benefit) provision (15,309) 3,248 (95,261)
Straight-line lease (income) expense (14,313) 767 6,956
Change in fair value of derivatives 174 178 797
Gain on sale of assets, net (19,273) (7,218) (1,270)
Loss on facility lease termination 14,276 0 0
Non-cash stock-based compensation expense 27,832 32,285 31,651
Non-cash interest expense on financing lease obligations 17,744 26,496 23,472
Amortization of (above) below market lease, net (6,677) (6,864) (7,158)
Other (8,819) (9,137) (4,098)
Changes in operating assets and liabilities:      
Accounts receivable, net 12,747 1,581 5,608
Prepaid expenses and other assets, net 21,970 2,954 51,079
Accounts payable and accrued expenses (4,527) (83,248) (60,564)
Tenant refundable fees and security deposits (422) (839) (524)
Deferred revenue (13,917) 3,300 (6,911)
Net cash provided by operating activities 366,664 365,732 292,366
Cash Flows from Investing Activities      
Change in lease security deposits and lease acquisition deposits, net (2,113) (2,225) 10,866
Change in cash and escrow deposits — restricted 1,026 5,027 29,286
Purchase of marketable securities, net (291,187) 0 0
Additions to property, plant and equipment and leasehold intangibles, net (213,887) (333,647) (411,051)
Acquisition of assets, net of related payables and cash received (5,196) (12,157) (191,216)
Investment in unconsolidated ventures (199,017) (13,377) (69,297)
Distributions received from unconsolidated ventures 29,035 218,973 9,054
Proceeds from sale of assets, net 70,507 297,932 49,226
Property insurance proceeds 8,550 9,137 3,157
Other 975 7,162 998
Net cash (used in) provided by investing activities (601,307) 176,825 (568,977)
Cash Flows from Financing Activities      
Proceeds from debt 1,307,205 387,348 585,650
Repayment of debt and capital and financing lease obligations (1,054,161) (469,309) (485,762)
Proceeds from line of credit 100,000 1,276,500 1,175,000
Repayment of line of credit (100,000) (1,586,500) (965,000)
Purchase of treasury stock 0 (9,640) 0
Payment of financing costs, net of related payables (5,574) (2,938) (32,622)
Proceeds from refundable entrance fees, net of refunds (2,179) (901) (2,472)
Cash portion of loss on extinguishment of debt 0 0 (44)
Payment on lease termination (552) (9,250) (17,000)
Payments of employee taxes for withheld shares (5,889) (1,640) 0
Other 2,043 2,141 2,807
Net cash provided by (used in) financing activities 240,893 (414,189) 260,557
Net increase (decrease) in cash and cash equivalents 6,250 128,368 (16,054)
Cash and cash equivalents at beginning of year 216,397 88,029 104,083
Cash and cash equivalents at end of year $ 222,647 $ 216,397 $ 88,029