XML 18 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
Sep. 30, 2022
USD ($)
Sep. 30, 2021
USD ($)
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (3,481) $ (212,551) $ (132,586)
Adjustments to reconcile net loss to net cash used in operating activities:      
Equity in loss of unconsolidated entities 2,275 69,071 9,024
Distributions from unconsolidated entities     141
Loss on sale of interest in unconsolidated entities 139 139  
Gain on sale of real estate, net   (112,449) (65,079)
Impairment of real estate assets 10,275 120,609 70,053
Share-based compensation   1,735 1,225
Depreciation and amortization 9,169 31,772 39,629
Amortization of deferred financing costs   316 317
Amortization of above and below market leases, net   175 111
Straight-line rent adjustment   (1,447) (2,033)
Interest on sale-leaseback financing obligations   447 188
Litigation reserve 533 35,533  
Change in operating assets and liabilities      
Tenants and other receivables   (9,095) (3,831)
Prepaid expenses, deferred expenses and other assets   (3,189) (8,165)
Accounts payable, accrued expenses and other liabilities   5,387 (5,547)
Net cash used in operating activities   (73,547) (96,553)
CASH FLOW FROM INVESTING ACTIVITIES      
Investment in unconsolidated entities   (22,439) (31,722)
Distributions from unconsolidated entities   55,670 9,913
Net proceeds from sale of real estate   329,051 206,170
Net proceeds from disposition of interests in unconsolidated entities   11,922  
Development of real estate   (78,077) (77,554)
Net cash provided by investing activities   296,127 106,807
CASH FLOW FROM FINANCING ACTIVITIES      
Repayment of term loan   (170,000)  
Repayment of sales-leaseback financing obligations   (22,070)  
Purchase of shares related to stock grant recipients' tax withholdings     (262)
Preferred dividends paid   (3,675) (3,675)
Contributions from noncontrolling interests in to consolidated VIEs     3,957
Net cash (used in) provided by financing activities   (195,745) 20
Net increase in cash and cash equivalents   26,835 10,274
Cash and cash equivalents, and restricted cash, beginning of period   113,753 150,254
Cash and cash equivalents, and restricted cash, end of period 140,588 140,588 160,528
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents at beginning of period   106,602 143,728
Restricted cash at beginning of period   7,151 6,526
Cash and cash equivalents at end of period 129,767 129,767 153,378
Restricted cash at end of period 10,821 10,821 7,150
Cash and cash equivalents and restricted cash at end of period $ 140,588 140,588 160,528
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest   77,573 86,321
Capitalized interest   11,588 8,759
Income taxes paid   295 198
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Development of real estate financed with accounts payable   31,524 34,260
Preferred dividends declared and unpaid   1,225 1,225
Transfer to / (from) real estate assets held for sale   $ 202,777 (1,864)
Removal of right of use assets     (983)
Removal of lease liabilities     $ 983