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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Cash Flows from Operating Activities      
Net income (loss) $ (268,492) $ (528,352) $ (571,606)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Debt modification and extinguishment costs 5,247 11,677 12,409
Depreciation and amortization, net 383,490 455,212 494,758
Goodwill and asset impairment 49,266 489,893 409,782
Equity in (earnings) loss of unconsolidated ventures 4,544 8,804 14,827
Distributions from unconsolidated ventures from cumulative share of net earnings 3,472 2,896 8,258
Amortization of deferred gain 0 (4,358) (4,366)
Amortization of entrance fees 1,634 1,670 2,901
Proceeds from deferred entrance fee revenue 3,544 3,218 5,712
Deferred income tax (benefit) provision (2,654) (52,367) (15,309)
Operating lease expense adjustment (19,453) (17,218) (20,990)
Change in fair value of derivatives 213 403 174
Loss (gain) on sale of assets, net (7,245) (293,246) (19,273)
Loss (gain) on facility lease termination and modification, net 3,388 140,957 14,276
Non-cash stock-based compensation expense 23,026 26,067 27,832
Non-cash interest expense on financing lease obligations 0 10,894 17,744
Non-cash management contract termination gain (969) (8,724) 0
Other (8,700) (1,292) (8,819)
Changes in operating assets and liabilities:      
Accounts receivable, net 292 (4,964) 12,747
Prepaid expenses and other assets, net 55,873 26,762 21,970
Prepaid insurance premiums financed with notes payable (12,984) (37,307) (4,527)
Refundable fees and deferred revenue (25,117) (128) (14,339)
Operating lease assets and liabilities for lessor capital expenditure reimbursements 31,305 10,400 0
Operating lease assets and liabilities for lease termination 0 (33,596) 0
Net cash provided by (used in) operating activities 216,412 203,961 378,359
Cash Flows from Investing Activities      
Change in lease security deposits and lease acquisition deposits, net (859) 1,163 (2,113)
Purchase of marketable securities (186,224) (14,823) (341,187)
Sale and maturities of marketable securities 134,000 293,273 50,000
Capital expenditures, net of related payables (304,092) (225,473) (213,887)
Acquisition of assets, net of related payables and cash received (497) (271,771) (5,196)
Investment in unconsolidated ventures (4,346) (9,124) (199,017)
Distributions received from unconsolidated ventures 9,635 12,850 29,035
Proceeds from sale of assets, net 92,735 499,807 70,507
Proceeds from notes receivable 34,109 1,580 975
Property insurance proceeds 0 1,292 8,550
Net cash provided by (used in) investing activities (225,539) 288,774 (602,333)
Cash Flows from Financing Activities      
Proceeds from debt 321,996 606,921 1,307,205
Repayment of debt and financing lease obligations (427,923) (896,744) (1,054,161)
Proceeds from line of credit 0 200,000 100,000
Repayment of line of credit 0 (200,000) (100,000)
Purchase of treasury stock, net of related payables (23,955) (4,256) 0
Payment of financing costs, net of related payables (7,309) (16,317) (17,269)
Proceeds from refundable entrance fees, net of refunds 0 (422) (2,179)
Payments for lease termination 0 (12,548) (552)
Payments of employee taxes for withheld shares (3,313) (3,061) (5,889)
Other 1,110 1,364 2,043
Net cash provided by (used in) financing activities (139,394) (325,063) 229,198
Net increase (decrease) in cash, cash equivalents, and restricted cash (148,521) 167,672 5,224
Cash, cash equivalents, and restricted cash at beginning of period 450,218 282,546 277,322
Cash, cash equivalents, and restricted cash at end of period $ 301,697 $ 450,218 $ 282,546