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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net income (loss) $ (36,129) $ (68,093)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Equity in (earnings) losses of unconsolidated ventures 4,629 12,724
Depreciation and amortization 38,361 56,314
Impairment loss 10,146 5,239
Amortization of below market debt 1,497 1,453
Straight-line rental income, net and amortization of lease inducements (428) 876
Amortization of premium/accretion of discount on investments (55) (49)
Amortization of deferred financing costs 909 1,024
Amortization of equity-based compensation 91 84
Realized (gain) loss on investments and other (5,722) (3,495)
Allowance for uncollectible accounts 460 585
Changes in assets and liabilities:    
Receivables 53 2,772
Other assets 48 2,329
Due to related party 2,967 6,884
Escrow deposits payable 35 969
Accounts payable and accrued expenses (7,548) (6,952)
Other liabilities (836) 598
Net cash provided by (used in) operating activities 8,478 13,262
Cash flows from investing activities:    
Improvement of operating real estate investments (8,158) (13,732)
Sale of operating real estate 19,618 0
Sale of healthcare-related securities 0 35,771
Investment in unconsolidated ventures (39,801) (4,470)
Distributions from unconsolidated ventures 12,079 6,325
Other assets 583 0
Net cash provided by (used in) investing activities (15,679) 23,894
Cash flows from financing activities:    
Repayment of mortgage notes (27,865) (8,105)
Payment of deferred financing costs 0 (284)
Shares redeemed for cash (5,182) (16,073)
Payments under finance leases (284)  
Payments under finance leases   (294)
Distributions paid on common stock (10,813) (36,822)
Proceeds from distribution reinvestment plan 4,876 18,690
Contributions from non-controlling interests 318 289
Distributions to non-controlling interests (139) (310)
Net cash provided by (used in) financing activities (39,089) (42,909)
Net increase (decrease) in cash, cash equivalents and restricted cash (46,290) (5,753)
Cash, cash equivalents and restricted cash-beginning of period 94,508 80,488
Cash, cash equivalents and restricted cash-end of period 48,218 74,735
Supplemental disclosure of non-cash investing and financing activities:    
Accrued distribution payable 0 5,192
Accrued capital expenditures 609 623
Reclassification of assets held for sale 0 14,423
Issuance of common stock as payment for asset management fees 5,000 5,000
Deconsolidation of securitization trust (VIE asset/liability) 0 512,772
Acquisition of operating real estate under capital lease obligations $ 0 $ 1,921