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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income (loss) and comprehensive income (loss) $ 3,795 $ 616
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 86,640 85,510
Gain on sale of hotels and other assets, net (3,623) (20,065)
Amortization of deferred financing fees 2,932 4,085
Amortization of fixed stock and directors’ compensation 5,338 5,214
Equity based severance 2,891 1,352
Equity in income from unconsolidated entities (1,386) (7,983)
Distributions of income from unconsolidated entities 769 5,680
Debt extinguishment 0 30,909
Impairment 26,459 20,861
Changes in assets and liabilities:    
Accounts receivable (13,538) (9,688)
Other assets (2,973) 1,529
Accrued expenses and other liabilities 6,740 (3,958)
Net cash flow provided by operating activities 114,044 114,062
Cash flows from investing activities:    
Acquisition of land (8,209) 0
Improvements and additions to hotels (51,328) (35,979)
Hotel development 0 (31,599)
Net proceeds from asset sales 101,721 190,035
Change in restricted cash – investing (4,428) (4,204)
Insurance proceeds 94 274
Distributions from unconsolidated entities in excess of earnings 786 6,460
Net cash flow provided by investing activities 38,636 124,987
Cash flows from financing activities:    
Proceeds from borrowings 55,000 979,000
Repayment of borrowings (141,989) (1,166,693)
Payment of deferred financing fees (12) (14,348)
Distributions paid to noncontrolling interests (16) (16,294)
Contributions from noncontrolling interests 552 2,544
Distributions paid to FelCor LP limited partners (110) (68)
Distributions paid to preferred stockholders (18,837) (26,125)
Redemption of preferred stock 0 (169,986)
Repurchase of common stock (30,462) 0
Stock compensation withholding (592) (8)
Preferred distributions - consolidated joint venture (1,097) (1,070)
Distributions paid to common stockholders (25,141) (16,498)
Net proceeds from issuance of preferred equity - consolidated joint venture 597 1,744
Net proceeds from common stock issuance 0 198,651
Net cash flow used in financing activities (162,107) (229,151)
Effect of exchange rate changes on cash (9) (134)
Net change in cash and cash equivalents (9,436) 9,764
Cash and cash equivalents at beginning of periods 59,786 47,147
Cash and cash equivalents at end of periods 50,350 56,911
Supplemental cash flow information – interest paid, net of capitalized interest 56,853 55,215
Supplemental cash flow information – income taxes paid 575 1,483
FelCor Lodging LP [Member]    
Cash flows from operating activities:    
Net income (loss) and comprehensive income (loss) 3,795 616
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 86,640 85,510
Gain on sale of hotels and other assets, net (3,623) (20,065)
Amortization of deferred financing fees 2,932 4,085
Amortization of fixed stock and directors’ compensation 5,338 5,214
Equity based severance 2,891 1,352
Equity in income from unconsolidated entities (1,386) (7,983)
Distributions of income from unconsolidated entities 769 5,680
Debt extinguishment 0 30,909
Impairment 26,459 20,861
Changes in assets and liabilities:    
Accounts receivable (13,538) (9,688)
Other assets (2,973) 1,529
Accrued expenses and other liabilities 6,740 (3,958)
Net cash flow provided by operating activities 114,044 114,062
Cash flows from investing activities:    
Acquisition of land (8,209) 0
Improvements and additions to hotels (51,328) (35,979)
Hotel development 0 (31,599)
Net proceeds from asset sales 101,721 190,035
Change in restricted cash – investing (4,428) (4,204)
Insurance proceeds 94 274
Distributions from unconsolidated entities in excess of earnings 786 6,460
Net cash flow provided by investing activities 38,636 124,987
Cash flows from financing activities:    
Proceeds from borrowings 55,000 979,000
Repayment of borrowings (141,989) (1,166,693)
Payment of deferred financing fees (12) (14,348)
Distributions paid to noncontrolling interests (16) (16,294)
Contributions from noncontrolling interests 552 2,544
Distributions paid to FelCor LP limited partners (110) (68)
Distributions paid to preferred stockholders (18,837) (26,125)
Redemption of preferred stock 0 (169,986)
Repurchase of common stock (30,462) 0
Stock compensation withholding (592) (8)
Preferred distributions - consolidated joint venture (1,097) (1,070)
Distributions paid to common stockholders (25,141) (16,498)
Net proceeds from issuance of preferred equity - consolidated joint venture 597 1,744
Net proceeds from common unit issuance 0 198,651
Net cash flow used in financing activities (162,107) (229,151)
Effect of exchange rate changes on cash (9) (134)
Net change in cash and cash equivalents (9,436) 9,764
Cash and cash equivalents at beginning of periods 59,786 47,147
Cash and cash equivalents at end of periods 50,350 56,911
Supplemental cash flow information – interest paid, net of capitalized interest 56,853 55,215
Supplemental cash flow information – income taxes paid $ 575 $ 1,483