XML 41 R33.htm IDEA: XBRL DOCUMENT v3.19.3
Supplemental Disclosure of Cash Flow Information (Tables)
 9 Months Ended
Sep. 30, 2019
Supplemental Cash Flow Elements [Abstract]  
Supplemental cash flow information
 
Nine Months Ended
September 30,
(in thousands)
2019
 
2018
Supplemental Disclosure of Cash Flow Information:
 
 
 
Interest paid
$
185,722

 
$
198,133

Income taxes paid, net of refunds
1,909

 
1,542

 
 
 
 
Capital expenditures, net of related payables
 
 
 
Capital expenditures - non-development, net
$
180,187

 
$
130,692

Capital expenditures - development, net
18,677

 
20,084

Capital expenditures - non-development - reimbursable
12,043

 
1,764

Capital expenditures - development - reimbursable
—

 
1,709

Trade accounts payable
(4,522
)
 
15,100

Net cash paid
$
206,385

 
$
169,349

Acquisition of assets, net of related payables and cash received:
 
 
 
Property, plant and equipment and leasehold intangibles, net
$
—

 
$
237,563

Other intangible assets, net
453

 
(4,345
)
Financing lease obligations
—

 
36,120

Other liabilities
—

 
2,433

Net cash paid
$
453

 
$
271,771

Proceeds from sale of assets, net:
 
 
 
Prepaid expenses and other assets, net
$
(5,298
)
 
$
(3,006
)
Assets held for sale
(41,882
)
 
(18,758
)
Property, plant and equipment and leasehold intangibles, net
(647
)
 
(91,778
)
Investments in unconsolidated ventures
(156
)
 
(58,179
)
Financing lease obligations
—

 
93,514

Refundable fees and deferred revenue
—

 
8,345

Other liabilities
(2,724
)
 
2,690

Loss (gain) on sale of assets, net
(2,723
)
 
(64,740
)
Net cash received
$
(53,430
)
 
$
(131,912
)
Lease termination and modification, net:
 
 
 
Prepaid expenses and other assets, net
$
—

 
$
(2,040
)
Property, plant and equipment and leasehold intangibles, net
—

 
(81,320
)
Financing lease obligations
—

 
58,099

Deferred liabilities
—

 
67,950

Loss (gain) on sale of assets, net
—

 
(5,761
)
Loss (gain) on facility lease termination and modification, net
—

 
22,260

Net cash paid (1)
$
—

 
$
59,188

 
 
 
 
Supplemental Schedule of Non-cash Operating, Investing and Financing Activities:
 
 
 
Assets designated as held for sale:
 
 
 
Prepaid expenses and other assets, net
$
(5
)
 
$
(281
)
Assets held for sale
9,169

 
162,157

Property, plant and equipment and leasehold intangibles, net
(9,164
)
 
(161,876
)
Net
$
—

 
$
—


Lease termination and modification, net:
 
 
 
Prepaid expenses and other assets, net
$
(648
)
 
$
(4,783
)
Property, plant and equipment and leasehold intangibles, net
(1,666
)
 
(106,264
)
Financing lease obligations
—

 
112,267

Operating lease right-of-use assets
(8,644
)
 
—

Operating lease obligations
9,289

 
—

Deferred liabilities
—

 
(122,304
)
Other liabilities
(337
)
 
625

Loss (gain) on sale of assets, net
—

 
(6,085
)
Loss (gain) on facility lease termination and modification, net
2,006

 
126,544

Net
$
—

 
$
—



(1)
The net cash paid to terminate community leases is presented within the condensed consolidated statement of cash flows based upon the lease classification of the terminated leases. Net cash paid of $46.6 million for the termination of operating leases is presented within net cash provided by (used in) operating activities and net cash paid of $12.5 million for the termination of capital leases is presented within net cash provided by (used in) financing activities for the nine months ended September 30, 2018.

During the three months ended June 30, 2019, the Company and its joint venture partner contributed cash in an aggregate amount of $13.3 million to a consolidated joint venture which owns three senior housing communities. The Company obtained a $6.6 million promissory note receivable from its joint venture partner secured by a 50% equity interest in the joint venture in a non-cash exchange for the Company funding the $13.3 million aggregate contribution in cash.
 
Nine Months Ended
September 30,
(in thousands)
2019
 
2018
Notes receivable:
 
 
 
Other assets, net
$
6,566

 
$
—

Noncontrolling interest
(6,566
)
 
—

Net
$
—

 
$
—



Refer to Note 2 for a schedule of the non-cash adjustments to the Company's condensed consolidated balance sheet as of January 1, 2019 as a result of the adoption of new accounting standards and Note 10 for a schedule of the non-cash recognition of right-of-use assets obtained in exchange for new operating lease obligations.

Restricted cash consists principally of escrow deposits for real estate taxes, property insurance, and capital expenditures required by certain lenders under mortgage debt agreements and deposits as security for self-insured retention risk under workers' compensation programs and property insurance programs. The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported within the condensed consolidated balance sheets that sums to the total of the same such amounts shown in the condensed consolidated statements of cash flows.
(in thousands)
September 30, 2019
 
December 31, 2018
Reconciliation of cash, cash equivalents, and restricted cash:
 
 
 
Cash and cash equivalents
$
241,391

 
$
398,267

Restricted cash
33,305

 
27,683

Long-term restricted cash
40,663

 
24,268

Total cash, cash equivalents, and restricted cash shown in the condensed consolidated statements of cash flows
$
315,359

 
$
450,218
Schedule of notes receivable
 
Nine Months Ended
September 30,
(in thousands)
2019
 
2018
Notes receivable:
 
 
 
Other assets, net
$
6,566

 
$
—

Noncontrolling interest
(6,566
)
 
—

Net
$
—

 
$
—