XML 24 R7.htm IDEA: XBRL DOCUMENT v3.23.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash Flows from Operating Activities    
Net income (loss) attributable to noncontrolling interest $ (44,563) $ (100,032)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization, net 86,874 87,226
Asset impairment 0 9,075
Equity in (earnings) loss of unconsolidated ventures 577 4,894
Distributions from unconsolidated ventures from cumulative share of net earnings 0 561
Amortization of entrance fees (508) (726)
Proceeds from deferred entrance fee revenue 324 1,036
Deferred income tax (benefit) provision 244 (2,304)
Operating lease expense adjustment (10,805) (8,307)
Change in fair value of derivatives 904 (3,403)
Loss (gain) on sale of assets, net 0 294
Non-cash stock-based compensation expense 3,104 3,885
Property and casualty insurance income (3,295) (43)
Changes in operating assets and liabilities:    
Accounts receivable, net 3,143 1,185
Prepaid expenses and other assets, net (7,602) (4,734)
Prepaid insurance premiums financed with notes payable (19,305) (16,629)
Trade accounts payable and accrued expenses (1,386) (2,630)
Refundable fees and deferred revenue 14,092 5,907
Operating lease assets and liabilities for lessor capital expenditure reimbursements 2,244 1,490
Net cash provided by (used in) operating activities 24,042 (23,255)
Cash Flows from Investing Activities    
Purchase of marketable securities (49,674) (125,990)
Sale and maturities of marketable securities 30,000 129,000
Capital expenditures, net of related payables (49,700) (39,956)
Investment in unconsolidated ventures 0 (82)
Proceeds from sale of assets, net 0 710
Property and casualty insurance proceeds 6,422 0
Other 933 155
Net cash provided by (used in) investing activities (62,019) (36,163)
Cash Flows from Financing Activities    
Proceeds from debt 25,519 25,258
Repayment of debt and financing lease obligations (23,322) (21,440)
Payment of financing costs, net of related payables (346) (76)
Payments of employee taxes for withheld shares (1,680) (4,145)
Net cash provided by (used in) financing activities 171 (403)
Net increase (decrease) in cash, cash equivalents, and restricted cash (37,806) (59,821)
Cash, cash equivalents, and restricted cash at beginning of period 474,548 438,314
Cash, cash equivalents, and restricted cash at end of period $ 436,742 $ 378,493