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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income (loss) $ 35,217 $ (77,692)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 44,168 44,949
Non-cash rental and related revenues (365) (1,164)
Non-cash interest income (561) (562)
Non-cash interest expense 2,233 2,561
Stock-based compensation expense 2,360 2,775
Provision for loan losses and other reserves 667 1,207
Net loss on sales of real estate 217 1,520
Impairment of real estate 0 103,134
Loss from unconsolidated joint venture 3,667 1,383
Distributions of earnings from unconsolidated joint venture 4,040 3,037
Changes in operating assets and liabilities:    
Accounts receivable, prepaid expenses and other assets, net (6,895) (9,924)
Accounts payable and accrued liabilities (9,929) (17,265)
Net cash provided by operating activities 74,819 53,959
Cash flows from investing activities:    
Acquisition of real estate (67,274) 0
Origination and fundings of loans receivable (936) (2,776)
Additions to real estate (11,956) (5,072)
Repayments of loans receivable 1,011 5,251
Repayments of preferred equity investments 3,059 2,087
Net proceeds from the sales of real estate 6,272 6,857
Net cash (used in) provided by investing activities (69,824) 6,347
Cash flows from financing activities:    
Net borrowings from (repayments of) revolving credit facility 101,000 (4,000)
Principal payments on secured debt (877) (849)
Payments of deferred financing costs (715) (6)
Distributions to noncontrolling interest 0 (36)
Issuance of common stock, net 1,930 (2,323)
Dividends paid on common stock (92,390) (80,260)
Net cash provided by (used in) financing activities 8,948 (87,474)
Net increase (decrease) in cash, cash equivalents and restricted cash 13,943 (27,168)
Effect of foreign currency translation on cash, cash equivalents and restricted cash (660) 149
Cash, cash equivalents and restricted cash, beginning of period 49,143 59,658
Cash, cash equivalents and restricted cash, end of period 62,426 32,639
Supplemental disclosure of cash flow information:    
Interest paid 21,526 42,195
Supplemental disclosure of non-cash investing activities:    
Decrease in loans receivable and other investments due to acquisition of real estate $ (16,092) $ 0