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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Mar. 31, 2020
Operating activities:      
Net income (loss) $ 23,511 $ (4,629)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation, depletion and amortization 51,604 30,096  
Amortization of deferred financing costs and pension withdrawal liability 1,546 1,456  
Amortization of above/below market leases 76 38  
Loss on debt extinguishment and modification, non-cash 542 0  
Foreign exchange loss (gain) 492 (60)  
Loss (income) from investments in partially owned entities 27 (122)  
Share-based compensation expense (modification of restricted stock units) 0 3,044  
Share-based compensation expense 4,286 2,640  
Deferred income tax benefit (2,102) (1,060)  
Gain from sale of real estate (2,461) 0  
(Gain) loss on other asset disposals (165) 20  
Impairment of long-lived assets 0 12,555  
Provision for doubtful accounts receivable 500 444  
Changes in operating assets and liabilities:      
Accounts receivable (1,444) (257)  
Accounts payable and accrued expenses 5,136 2,039  
Other (1,031) 6,808  
Net cash provided by operating activities 80,517 53,012  
Investing activities:      
Return of investment in joint venture 0 2,000  
Investment in partially owned entities (25,747) 0  
Proceeds from sale of land and property, buildings and equipment 42,486 152  
Proceeds from the settlement of net investment hedge 3,034 0  
Business combinations, net of cash acquired (315,583) 0  
Acquisitions of property, buildings and equipment, net of cash acquired 0 (35,923)  
Additions to property, buildings and equipment (62,264) (24,934)  
Net cash used in investing activities (358,074) (58,705)  
Financing activities:      
Distributions paid on common shares (38,631) (28,098)  
Proceeds from stock options exercised 911 5,567  
Remittance of withholding taxes related to employee share-based transactions (2,417) (1,593)  
Proceeds from revolving line of credit 186,753 0  
Repayment on revolving line of credit (177,075) 0  
Repayment of sale-leaseback financing obligations (866) (740)  
Repayment of financing lease obligations (4,227) (2,616)  
Payment of debt issuance costs (8,345) 0  
Repayment of term loan and mortgage notes (51,672) (1,629)  
Proceeds from term loan 177,075 0  
Proceeds from equity forward contract 233,595 0  
Net cash provided by (used in) financing activities 315,101 (29,109)  
Net increase in cash, cash equivalents and restricted cash 37,544 (34,802)  
Effect of foreign currency translation on cash, cash equivalents and restricted cash (8,980) 355  
Cash, cash equivalents and restricted cash:      
Beginning of period 240,613 214,097  
End of period 269,177 179,650  
Supplemental disclosures of cash flows information:      
Acquisition of fixed assets under financing lease obligations 10,025 2,710  
Acquisition of fixed assets under operating lease obligations 231 4,923  
Interest paid – net of amounts capitalized 35,159 13,076  
Income taxes paid – net of refunds 148 1,577  
Acquisition of property, buildings and equipment on accrual 34,263 13,768  
Reconciliation of cash, cash equivalents and restricted cash reported in the condensed consolidated balance sheets to the ending cash, cash equivalents and restricted cash balances above:      
Cash and cash equivalents     $ 262,955
Restricted cash     6,222
Total cash, cash equivalents and restricted cash 269,177 179,650 269,177
Allocation of purchase price to business combinations:      
Goodwill     378,152
Business Acquisitions      
Allocation of purchase price to business combinations:      
Land     33,829
Building and improvements     161,117
Machinery and equipment     13,765
Assets under construction     308
Operating and finance lease right-of-use assets     590
Cash and cash equivalents     1,997
Accounts receivable     5,272
Goodwill     66,289
Acquired identifiable intangibles:      
Other assets     120
Accounts payable and accrued expenses     (2,281)
Operating and finance lease obligations     (590)
Unearned revenue     (607)
Deferred tax liability     (42,026)
Total consideration for Cloverleaf acquisition     317,580
Business Acquisitions | Below-market leases      
Acquired identifiable intangibles:      
Identifiable intangibles     335
Business Acquisitions | Customer relationships      
Acquired identifiable intangibles:      
Identifiable intangibles     $ 79,462
Asset Acquisitions      
Allocation of purchase price of property, buildings and equipment to:      
Assembled workforce 0 351  
Other assets 0 601  
Cash paid for acquisition of property, buildings and equipment 0 35,923  
Asset Acquisitions | Investments in land, building and improvements      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment 0 31,561  
Asset Acquisitions | Machinery and equipment      
Allocation of purchase price of property, buildings and equipment to:      
Property, plant and equipment $ 0 $ 3,410