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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Cash Flows from Operating Activities      
Net income (loss) $ 81,945 $ (268,492) $ (528,352)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Loss (gain) on debt modification and extinguishment, net (10,896) 5,247 11,677
Depreciation and amortization, net 365,654 383,703 455,615
Asset impairment 107,308 49,266 489,893
Equity in (earnings) loss of unconsolidated ventures 2,107 4,544 8,804
Distributions from unconsolidated ventures from cumulative share of net earnings 766 3,472 2,896
Amortization of deferred gain 0 0 (4,358)
Amortization of entrance fees (2,122) (1,634) (1,670)
Proceeds from deferred entrance fee revenue 734 3,544 3,218
Deferred income tax (benefit) provision (5,840) (2,654) (52,367)
Operating lease expense adjustment (136,276) (19,453) (17,218)
Loss (gain) on sale of assets, net (374,532) (7,245) (293,246)
Loss (gain) on facility lease termination and modification, net (2,303) 3,388 140,957
Non-cash stock-based compensation expense 20,747 23,026 26,067
Non-cash interest expense on financing lease obligations 0 0 10,894
Non-cash management contract termination gain 0 (969) (8,724)
Other (2,777) (8,700) (1,292)
Changes in operating assets and liabilities:      
Accounts receivable, net 24,277 292 (4,964)
Prepaid expenses and other assets, net 24,707 55,873 26,762
Trade accounts payable and accrued expenses 27,294 (12,984) (37,307)
Refundable fees and deferred revenue 62,614 (25,117) (128)
Operating lease assets and liabilities for lessor capital expenditure reimbursements 22,242 31,305 10,400
Operating lease assets and liabilities for lease termination 0 0 (33,596)
Net cash provided by (used in) operating activities 205,649 216,412 203,961
Cash Flows from Investing Activities      
Change in lease security deposits and lease acquisition deposits, net 3,569 (859) 1,163
Purchase of marketable securities (378,269) (186,224) (14,823)
Sale and maturities of marketable securities 275,000 134,000 293,273
Capital expenditures, net of related payables (185,871) (304,092) (225,473)
Acquisition of assets, net of related payables and cash received (472,193) (497) (271,771)
Investment in unconsolidated ventures (4,082) (4,346) (9,124)
Distributions received from unconsolidated ventures 0 9,635 12,850
Proceeds from sale of assets, net 331,316 92,735 499,807
Proceeds from notes receivable 5,419 34,109 1,580
Property insurance proceeds 0 0 1,292
Net cash provided by (used in) investing activities (425,111) (225,539) 288,774
Cash Flows from Financing Activities      
Proceeds from debt 963,099 321,996 606,921
Repayment of debt and financing lease obligations (538,859) (427,923) (896,744)
Proceeds from line of credit 166,381 0 200,000
Repayment of line of credit (166,381) 0 (200,000)
Purchase of treasury stock, net of related payables (18,123) (23,955) (4,256)
Payment of financing costs, net of related payables (19,649) (7,309) (16,317)
Proceeds from refundable entrance fees, net of refunds 0 0 (422)
Payments for lease termination 0 0 (12,548)
Payments of employee taxes for withheld shares (4,037) (3,313) (3,061)
Other 482 1,110 1,364
Net cash provided by (used in) financing activities 382,913 (139,394) (325,063)
Net increase (decrease) in cash, cash equivalents, and restricted cash 163,451 (148,521) 167,672
Cash, cash equivalents, and restricted cash at beginning of period 301,697 450,218 282,546
Cash, cash equivalents, and restricted cash at end of period $ 465,148 $ 301,697 $ 450,218