XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.3
CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (149,208) $ (115,331)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 74,628 80,692
Amortization 9,313 6,648
Straight-line rent adjustments 474 473
Deferred compensation 338 1,003
Gain on sale of preferred equity interest 0 (3,688)
Loss on debt extinguishment 687 0
Paid-in-kind interest 66,501 41,977
Gain on hedge ineffectiveness (13) 0
Gain on sale of equity method investment 0 (8,976)
Gain on sales of interests in real estate (60) (9,210)
Gain on sales of interests in non operating real estate (1,057) (10,527)
Equity in loss of partnerships 11,284 3,939
Cash distributions from partnerships 850 5,245
Impairment of assets 0 (42,271)
Change in assets and liabilities:    
Net change in other assets 11,181 6,841
Net change in other liabilities 7,518 (2,946)
Net cash provided by operating activities 32,436 38,411
Cash flows from investing activities:    
Cash proceeds from sales of real estate 29,713 39,515
Investments in real estate improvements (21,808) (11,538)
Additions to construction in progress (3,105) (2,897)
Investments in partnerships (152) (633)
Capitalized leasing costs (341) (172)
Proceeds from sale of preferred equity interest 0 2,438
Additions to leasehold improvements and corporate fixed assets (44) (89)
Net cash provided by investing activities 4,263 26,624
Cash flows from financing activities:    
Net borrowings from (repayments to) the First Lien Revolving Facility 76,925 (28,471)
Repayments to term loans (26,312) (34,269)
Repayments of finance lease liabilities (652) 0
Principal installments on mortgage loans (29,136) (24,761)
Payment of deferred financing costs (5,679) (395)
Repayments of mortgage loans (52,661) 0
Repurchase of shares retired under equity incentive plans, net of shares issued (52) (767)
Net cash used in financing activities (37,567) (88,663)
Net change in cash, cash equivalents, and restricted cash (868) (23,628)
Cash, cash equivalents, and restricted cash, beginning of period 34,689 58,077
Cash, cash equivalents, and restricted cash, end of period $ 33,821 $ 34,449