XML 28 R9.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Cash flows from operating activities:    
Net loss $ (36,388) $ (97,499)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 97,477 105,058
Gain on sale of hotels, net (26,641) (7,362)
Gain on involuntary conversion, net 0 (280)
Amortization of deferred financing fees and debt discount 13,646 13,390
Amortization of unearned officers’ and directors’ compensation 3,748 5,343
Equity in loss (income) from unconsolidated entities (2,674) 1,303
Distributions of income from unconsolidated entities 3,431 1,534
Debt extinguishment, net 12,598 24,316
Impairment loss 1,335 13,250
Changes in assets and liabilities:    
Accounts receivable (7,649) (6,998)
Restricted cash – operations 0 2,663
Other assets (6,194) (9,843)
Accrued expenses and other liabilities 20,118 (8,444)
Net cash flow provided by operating activities 72,807 36,431
Cash flows from investing activities:    
Acquisition of hotels 0 (137,985)
Improvements and additions to hotels (99,985) (57,470)
Hotel Development 16,707 0
Additions to condominium project 0 (359)
Proceeds from asset dispositions 124,610 96,435
Change in restricted cash – investing 2,598 (116,258)
Insurance proceeds 0 391
Distributions from unconsolidated entities 11,894 1,386
Net cash flow provided by (used in) investing activities 22,410 (213,860)
Cash flows from financing activities:    
Proceeds from borrowings 378,750 1,087,285
Repayment of borrowings (395,355) (1,112,414)
Payment of deferred financing fees (3,167) (18,797)
Distributions paid to noncontrolling interests (931) (868)
Contributions from noncontrolling interests 2,756 6,646
Distributions paid to preferred stockholders (59,021) (29,035)
Net proceeds from common stock issuance 0 158,476
Proceeds from FelCor LP unit issuance 0 2,500
Net cash flow provided by (used in) financing activities (76,968) 93,793
Effect of exchange rate changes on cash 112 (153)
Net change in cash and cash equivalents 18,361 (83,789)
Cash and cash equivalents at beginning of periods 93,758 200,972
Cash and cash equivalents at end of periods 112,119 117,183
Supplemental cash flow information – interest paid, net of capitalized interest 61,700 92,518
FelCor Lodging LP [Member]
   
Cash flows from operating activities:    
Net loss (36,388) (97,499)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 97,477 105,058
Gain on sale of hotels, net (26,641) (7,362)
Gain on involuntary conversion, net 0 (280)
Amortization of deferred financing fees and debt discount 13,646 13,390
Amortization of unearned officers’ and directors’ compensation 3,748 5,343
Equity in loss (income) from unconsolidated entities (2,674) 1,303
Distributions of income from unconsolidated entities 3,431 1,534
Debt extinguishment, net 12,598 24,316
Impairment loss 1,335 13,250
Changes in assets and liabilities:    
Accounts receivable (7,649) (6,998)
Restricted cash – operations 0 2,663
Other assets (6,194) (9,843)
Accrued expenses and other liabilities 20,118 (8,444)
Net cash flow provided by operating activities 72,807 36,431
Cash flows from investing activities:    
Acquisition of hotels 0 (137,985)
Improvements and additions to hotels (99,985) (57,470)
Payments for CIP (16,707)  
Hotel Development 16,707 0
Additions to condominium project 0 (359)
Proceeds from asset dispositions 124,610 96,435
Change in restricted cash – investing 2,598 (116,258)
Insurance proceeds 0 391
Distributions from unconsolidated entities 11,894 1,386
Net cash flow provided by (used in) investing activities 22,410 (213,860)
Cash flows from financing activities:    
Proceeds from borrowings 378,750 1,087,285
Repayment of borrowings (395,355) (1,112,414)
Payment of deferred financing fees (3,167) (18,797)
Distributions paid to noncontrolling interests (931) (868)
Contributions from noncontrolling interests 2,756 6,646
Distributions paid to preferred unitholders (59,021) (29,035)
Net proceeds from common unit issuance 0 158,476
Proceeds from FelCor LP unit issuance 0 2,500
Net cash flow provided by (used in) financing activities (76,968) 93,793
Effect of exchange rate changes on cash 112 (153)
Net change in cash and cash equivalents 18,361 (83,789)
Cash and cash equivalents at beginning of periods 93,758 200,972
Cash and cash equivalents at end of periods 112,119 117,183
Supplemental cash flow information – interest paid, net of capitalized interest $ 61,700 $ 92,518