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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash Flows from Operating Activities    
Net income (loss) $ (177,169) $ (659,883)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Debt modification and extinguishment costs 5,194 77
Depreciation and amortization, net 287,382 348,464
Goodwill and asset impairment 6,254 451,966
Equity in (earnings) loss of unconsolidated ventures 3,574 6,907
Distributions from unconsolidated ventures from cumulative share of net earnings 2,388 2,159
Amortization of deferred gain 0 (3,269)
Amortization of entrance fees (1,172) (1,220)
Proceeds from deferred entrance fee revenue 2,902 2,507
Deferred income tax (benefit) provision (1,216) (19,180)
Operating lease expense adjustment (13,626) (14,656)
Change in fair value of derivatives 212 153
Loss (gain) on sale of assets, net (2,723) (76,586)
Loss (gain) on facility lease termination and modification, net 2,006 135,760
Non-cash stock-based compensation expense 18,315 20,710
Non-cash interest expense on financing lease obligations 0 9,151
Non-cash management contract termination gain (640) (5,649)
Other (7,173) (154)
Changes in operating assets and liabilities:    
Accounts receivable, net (6,756) (1,127)
Prepaid expenses and other assets, net 50,387 28,118
Prepaid insurance premiums financed with notes payable (5,875) (6,244)
Trade accounts payable and accrued expenses (21,970) (9,661)
Refundable fees and deferred revenue (24,007) (4,239)
Operating lease assets and liabilities for lessor capital expenditure reimbursements 12,043 0
Operating lease assets and liabilities for lease termination 0 (33,596)
Net cash provided by (used in) operating activities 128,330 170,508
Cash Flows from Investing Activities    
Change in lease security deposits and lease acquisition deposits, net (430) (664)
Purchase of marketable securities (137,786) 0
Sale of marketable securities 104,000 293,273
Capital expenditures, net of related payables (206,385) (169,349)
Acquisition of assets, net of related payables and cash received (453) (271,771)
Investment in unconsolidated ventures (4,294) (8,946)
Distributions received from unconsolidated ventures 7,454 10,782
Proceeds from sale of assets, net 53,430 131,912
Proceeds from notes receivable 34,109 1,580
Property insurance proceeds 0 156
Net cash provided by (used in) investing activities (150,355) (13,027)
Cash Flows from Financing Activities    
Proceeds from debt 318,491 279,919
Repayment of debt and financing lease obligations (404,152) (501,946)
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 (6,357) (3,341)
Proceeds from refundable entrance fees, net of refunds 0 (316)
Payments for lease termination 0 (12,548)
Payments of employee taxes for withheld shares (3,242) (2,844)
Other 827 1,147
Net cash provided by (used in) financing activities (112,834) (239,929)
Net increase (decrease) in cash, cash equivalents, and restricted cash (134,859) (82,448)
Cash, cash equivalents, and restricted cash at beginning of period 450,218 282,546
Cash, cash equivalents, and restricted cash at end of period $ 315,359 $ 200,098