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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash Flows from Operating Activities:    
Net income $ 131,137 $ 26,127
Amounts to reconcile net income to net cash flows provided by operating activities:    
Provision for deferred income taxes 3,431 295
Depreciation and amortization 96,614 112,743
Amortization of deferred financing costs 5,307 4,538
Loss from unconsolidated joint ventures 4,959 5,628
Stock-based compensation expense 7,540 7,440
Changes in:    
Trade receivables 26,369 (49,250)
Accounts payable and accrued liabilities (66,046) 23,934
Other assets and liabilities 6,191 (3,842)
Net cash flows provided by operating activities 215,502 127,613
Cash Flows from Investing Activities:    
Purchases of property and equipment (78,173) (24,715)
Collection of notes receivable 2,143 2,381
Other investing activities, net (10,004) 730
Net cash flows used in investing activities (885,500) (121,596)
Cash Flows from Financing Activities:    
Net borrowings under revolving credit facility   (190,000)
Issuance of senior notes 400,000  
Deferred financing costs paid (23,679) (14,750)
Issuance of common stock, net 395,444  
Sale of noncontrolling interest in OEG   286,489
Payment of dividends (55,746) (284)
Payment of tax withholdings for share-based compensation (4,180) (3,885)
Other financing activities, net (139) (113)
Net cash flows provided by financing activities 839,577 62,752
Net change in cash, cash equivalents, and restricted cash 169,579 68,769
Cash, cash equivalents, and restricted cash, beginning of period 444,330 163,000
Cash, cash equivalents, and restricted cash, end of period 613,909 231,769
JW Marriott Hill Country [Member]    
Cash Flows from Investing Activities:    
Purchase, net of cash acquired (791,466)  
Block 21 [Member]    
Cash Flows from Investing Activities:    
Purchase, net of cash acquired   (93,992)
$300 Million Term Loan A [Member]    
Cash Flows from Financing Activities:    
Repayments under loan   (300,000)
$500 Million Term Loan B [Member]    
Cash Flows from Financing Activities:    
Borrowings under term loan 500,000  
Repayments under loan (376,250) (2,500)
$300M OEG Term Loan [Member]    
Cash Flows from Financing Activities:    
Borrowings under term loan   288,000
Repayments under loan (1,500)  
$65M OEG Revolver [Member]    
Cash Flows from Financing Activities:    
Net borrowings under revolving credit facility 7,000  
Block 21 CMBS Loan [Member]    
Cash Flows from Financing Activities:    
Repayments under loan (1,373) (205)
Circle [Member]    
Cash Flows from Investing Activities:    
Purchase of additional interest / Investment $ (8,000) $ (6,000)