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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash Flows from Operating Activities    
Net income (loss) $ (98,661) $ (622,743)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Debt modification and extinguishment costs 2,739 44
Depreciation and amortization, net 192,702 236,655
Goodwill and asset impairment 4,160 446,466
Equity in loss of unconsolidated ventures 1,517 5,567
Distributions from unconsolidated ventures from cumulative share of net earnings 1,530 1,147
Amortization of deferred gain 0 (2,179)
Amortization of entrance fees (772) (837)
Proceeds from deferred entrance fee revenue 1,739 1,398
Deferred income tax (benefit) provision 470 (991)
Operating lease expense adjustment (8,812) (12,169)
Change in fair value of derivatives 175 143
Gain on sale of assets, net (2,144) (66,753)
Loss on facility lease termination and modification, net 2,006 133,423
Non-cash stock-based compensation expense 12,386 14,675
Non-cash interest expense on financing lease obligations 0 6,446
Non-cash management contract termination gain (640) (5,076)
Other (4,401) (156)
Changes in operating assets and liabilities:    
Accounts receivable, net (3,997) 10,956
Prepaid expenses and other assets, net 30,823 14,303
Prepaid insurance premiums financed with notes payable (12,090) (12,425)
Trade accounts payable and accrued expenses (43,385) (24,019)
Refundable fees and deferred revenue (17,226) 8,305
Operating lease assets and liabilities for lessor capital expenditure reimbursements 1,000 0
Operating lease assets and liabilities for lease termination 0 (33,596)
Net cash provided by (used in) operating activities 59,119 98,584
Cash Flows from Investing Activities    
Change in lease security deposits and lease acquisition deposits, net (83) (2,962)
Purchase of marketable securities (98,059) 0
Sale of marketable securities 55,000 273,273
Capital expenditures, net of related payables (122,297) (120,458)
Acquisition of assets, net of related payables and cash received 0 (271,320)
Investment in unconsolidated ventures (4,204) (8,864)
Distributions received from unconsolidated ventures 5,305 9,397
Proceeds from sale of assets, net 52,430 130,897
Proceeds from notes receivable 31,609 1,393
Property insurance proceeds 0 156
Net cash provided by (used in) investing activities (80,299) 11,512
Cash Flows from Financing Activities    
Proceeds from debt 158,231 279,919
Repayment of debt and financing lease obligations (238,036) (466,267)
Proceeds from line of credit 0 200,000
Repayment of line of credit 0 (200,000)
Purchase of treasury stock, net of related payables (18,401) 0
Payment of financing costs, net of related payables (3,342) (3,191)
Proceeds from refundable entrance fees, net of refunds 0 52
Payments for lease termination 0 (10,548)
Payments of employee taxes for withheld shares (3,105) (2,715)
Other 574 770
Net cash provided by (used in) financing activities (104,079) (201,980)
Net increase (decrease) in cash, cash equivalents and restricted cash (125,259) (91,884)
Cash, cash equivalents and restricted cash at beginning of period 450,218 282,546
Cash, cash equivalents and restricted cash at end of period $ 324,959 $ 190,662