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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash Flows from Operating Activities:    
Net income $ 147,501 $ 131,137
Amounts to reconcile net income to net cash flows provided by operating activities:    
Provision for deferred income taxes 10,664 3,431
Depreciation and amortization 115,755 96,614
Amortization of deferred financing costs 5,348 5,307
(Income) loss from unconsolidated joint ventures (215) 4,959
Stock-based compensation expense 7,245 7,540
Changes in:    
Trade receivables (17,253) 26,369
Accounts payable and accrued liabilities (75,006) (66,046)
Other assets and liabilities (2,245) 6,191
Net cash flows provided by operating activities 191,794 215,502
Cash Flows from Investing Activities:    
Purchases of property and equipment (184,936) (78,173)
Collection of notes receivable   2,143
Other investing activities, net 37 (10,004)
Net cash flows used in investing activities (184,899) (885,500)
Cash Flows from Financing Activities:    
Issuance of senior notes 1,000,000 400,000
Deferred financing costs paid (23,062) (23,679)
Issuance of common stock, net   395,444
Payment of distributions (133,430) (55,746)
Payment of tax withholdings for share-based compensation (12,106) (4,180)
Other financing activities, net (39) (139)
Net cash flows provided by (used in) financing activities (157,057) 839,577
Net change in cash, cash equivalents, and restricted cash (150,162) 169,579
Cash, cash equivalents, and restricted cash, beginning of period 700,441 444,330
Cash, cash equivalents, and restricted cash, end of period 550,279 613,909
JW Marriott Hill Country [Member]    
Cash Flows from Investing Activities:    
Purchase, net of cash acquired   (791,466)
$500 Million Term Loan B [Member]    
Cash Flows from Financing Activities:    
Borrowings under term loan 18,861 500,000
Repayments under term loan (220,849) (376,250)
$300 Million OEG Term Loan [Member]    
Cash Flows from Financing Activities:    
Borrowings under term loan 299,250  
Repayments under term loan (296,250) (1,500)
Block 21 CMBS Loan [Member]    
Cash Flows from Financing Activities:    
Repayments under loan (1,432) (1,373)
$800M Gaylord Rockies Term Loan [Member]    
Cash Flows from Financing Activities:    
Repayments under term loan (800,000)  
$80M OEG Revolver [Member]    
Cash Flows from Financing Activities:    
Borrowings under OEG revolving credit facility 39,000 7,000
Repayments under OEG revolving credit facility $ (27,000)  
Circle [Member]    
Cash Flows from Investing Activities:    
Investment in Circle   $ (8,000)