XML 17 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net loss $ (28,861) $ (31,726)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 32,992 35,671
Amortization of deferred financing fees and debt discount 4,487 4,715
Amortization of unearned officers’ and directors’ compensation 1,296 1,803
Equity in loss from unconsolidated entities 224 1,583
Distributions of income from unconsolidated entities 475 165
Debt extinguishment 7 252
Changes in assets and liabilities:    
Accounts receivable (9,572) (9,316)
Restricted cash – operations 0 (458)
Other assets 960 (3,090)
Accrued expenses and other liabilities 31,638 6,206
Net cash flow provided by operating activities 33,646 5,805
Cash flows from investing activities:    
Improvements and additions to hotels (41,385) (15,038)
Hotel development (4,560) 0
Payment of accrued selling costs (413) 0
Additions to condominium project 0 (65)
Change in restricted cash – investing 885 (2,094)
Insurance proceeds 0 11
Distributions from unconsolidated entities 403 200
Net cash flow used in investing activities (45,070) (16,986)
Cash flows from financing activities:    
Proceeds from borrowings 36,000 185,040
Repayment of borrowings (9,372) (269,318)
Payment of deferred financing fees (996) (4,491)
Distributions paid to noncontrolling interests (455) (445)
Contributions from noncontrolling interests 291 64
Distributions paid to preferred stockholders (9,678) (9,678)
Net cash flow provided by (used in) financing activities 15,790 (98,828)
Effect of exchange rate changes on cash 51 77
Net change in cash and cash equivalents 4,417 (109,932)
Cash and cash equivalents at beginning of periods 93,758 200,972
Cash and cash equivalents at end of periods 98,175 91,040
Supplemental cash flow information – interest paid, net of capitalized interest 5,665 12,095
Felcor Lodging LP [Member]
   
Cash flows from operating activities:    
Net loss (28,861) (31,726)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 32,992 35,671
Amortization of deferred financing fees and debt discount 4,487 4,715
Amortization of unearned officers’ and directors’ compensation 1,296 1,803
Equity in loss from unconsolidated entities 224 1,583
Distributions of income from unconsolidated entities 475 165
Debt extinguishment 7 252
Changes in assets and liabilities:    
Accounts receivable (9,572) (9,316)
Restricted cash – operations 0 (458)
Other assets 960 (3,090)
Accrued expenses and other liabilities 31,638 6,206
Net cash flow provided by operating activities 33,646 5,805
Cash flows from investing activities:    
Improvements and additions to hotels (41,385) (15,038)
Hotel development (4,560) 0
Payment of accrued selling costs (413) 0
Additions to condominium project 0 (65)
Change in restricted cash – investing 885 (2,094)
Insurance proceeds 0 11
Distributions from unconsolidated entities 403 200
Net cash flow used in investing activities (45,070) (16,986)
Cash flows from financing activities:    
Proceeds from borrowings 36,000 185,040
Repayment of borrowings (9,372) (269,318)
Payment of deferred financing fees (996) (4,491)
Distributions paid to noncontrolling interests (455) (445)
Contributions from noncontrolling interests 291 64
Distributions paid to preferred unitholders (9,678) (9,678)
Net cash flow provided by (used in) financing activities 15,790 (98,828)
Effect of exchange rate changes on cash 51 77
Net change in cash and cash equivalents 4,417 (109,932)
Cash and cash equivalents at beginning of periods 93,758 200,972
Cash and cash equivalents at end of periods 98,175 91,040
Supplemental cash flow information – interest paid, net of capitalized interest $ 5,665 $ 12,095