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Condensed Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Operating activities    
Net loss $ (12,318) $ (108,956)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in (income) loss from joint ventures (384) 495
Loss from debt extinguishment 0 88,384
Net gain on sale of available-for-sale investments (22) (409)
Depreciation and amortization expense 3,321 4,489
Impairment of inventory 0 10,302
Net interest capitalized on investment in joint ventures (378) (144)
Distributions of earnings from joint ventures 1,000 0
Changes in operating assets and liabilities:    
Restricted cash (141) (1,569)
Receivables and other assets (4,772) (4,863)
Inventory (28,542) (48,224)
Payables and other liabilities 8,606 15,987
Net cash used in operating activities (33,630) (44,508)
Investing activities    
Proceeds from sale of available-for-sale investments 5,212 895
Net proceeds from promissory notes from related parties 1,843 101,741
Investments in joint ventures (1,183) (15,800)
Distributions from joint ventures 223 6,989
Other investing activities (74) 14
Net cash provided by (used in) investing activities 6,021 93,839
Financing activities    
Repayments on revolving lines of credit 0 (80,448)
Borrowings from financial institutions 0 750,000
Principal payments to financial institutions and others (1,053) (720,835)
Accrued interest on notes payable 0 1,839
Amortization of notes payable discount 0 5,527
Contributions from non-controlling interests 1,746 3,918
Distributions to non-controlling interests (345) (90)
Cash retained by non-controlling interests for the redemption of the Company's interest in consolidated joint venture (168) 0
Net cash (used in) provided by financing activities 180 (40,089)
Net (decrease) increase in cash and cash equivalents (27,429) 9,242
Cash and cash equivalents at beginning of period 268,366 166,874
Cash and cash equivalents at end of period $ 240,937 $ 176,116