XML 21 R8.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss and comprehensive loss $ (36,141) $ (5,081)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 27,838 29,183
Loss on sale of hotels 666 714
Amortization of deferred financing fees 1,046 867
Amortization of fixed stock and directors’ compensation 1,593 1,935
Equity in loss from unconsolidated entities 130 154
Distributions of income from unconsolidated entities 160 114
Impairment 24,838 0
Changes in assets and liabilities:    
Accounts receivable 1,101 (6,777)
Other assets (922) (3,111)
Accrued expenses and other liabilities 5,655 1,655
Net cash flow provided by operating activities 25,964 19,653
Cash flows from investing activities:    
Improvements and additions to hotels (19,462) (14,008)
Net payments related to asset sales (812) (466)
Change in restricted cash – investing (2,828) (3,395)
Insurance proceeds 0 94
Distributions from unconsolidated entities in excess of earnings 490 136
Net cash flow used in investing activities (22,612) (17,639)
Cash flows from financing activities:    
Proceeds from borrowings 29,000 31,000
Repayment of borrowings (13,717) (496)
Payment of deferred financing fees 0 (10)
Contributions from noncontrolling interests 100 68
Distributions paid to FelCor LP limited partners (38) (36)
Distributions paid to preferred stockholders (6,279) (6,279)
Repurchase of common stock 0 (19,218)
Stock compensation withholding (814) (592)
Preferred distributions - consolidated joint venture (360) (360)
Distributions paid to common stockholders (8,326) (8,508)
Net proceeds from issuance of preferred equity - consolidated joint venture 0 598
Net cash flow used in financing activities (434) (3,833)
Effect of exchange rate changes on cash 0 (9)
Net change in cash and cash equivalents 2,918 (1,828)
Cash and cash equivalents at beginning of periods 47,317 59,786
Cash and cash equivalents at end of periods 50,235 57,958
Supplemental cash flow information – interest paid, net of capitalized interest 18,787 18,809
Supplemental cash flow information – income taxes paid 224 299
FelCor Lodging LP [Member]    
Cash flows from operating activities:    
Net loss and comprehensive loss (36,141) (5,081)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 27,838 29,183
Loss on sale of hotels 666 714
Amortization of deferred financing fees 1,046 867
Amortization of fixed stock and directors’ compensation 1,593 1,935
Equity in loss from unconsolidated entities 130 154
Distributions of income from unconsolidated entities 160 114
Impairment 24,838 0
Changes in assets and liabilities:    
Accounts receivable 1,101 (6,777)
Other assets (922) (3,111)
Accrued expenses and other liabilities 5,655 1,655
Net cash flow provided by operating activities 25,964 19,653
Cash flows from investing activities:    
Improvements and additions to hotels (19,462) (14,008)
Net payments related to asset sales (812) (466)
Change in restricted cash – investing (2,828) (3,395)
Insurance proceeds 0 94
Distributions from unconsolidated entities in excess of earnings 490 136
Net cash flow used in investing activities (22,612) (17,639)
Cash flows from financing activities:    
Proceeds from borrowings 29,000 31,000
Repayment of borrowings (13,717) (496)
Payment of deferred financing fees 0 (10)
Contributions from noncontrolling interests 100 68
Distributions paid to FelCor LP limited partners (38) (36)
Distributions paid to preferred stockholders (6,279) (6,279)
Repurchase of common stock 0 (19,218)
Stock compensation withholding (814) (592)
Preferred distributions - consolidated joint venture (360) (360)
Distributions paid to common stockholders (8,326) (8,508)
Net proceeds from issuance of preferred equity - consolidated joint venture 0 598
Net cash flow used in financing activities (434) (3,833)
Effect of exchange rate changes on cash 0 (9)
Net change in cash and cash equivalents 2,918 (1,828)
Cash and cash equivalents at beginning of periods 47,317 59,786
Cash and cash equivalents at end of periods 50,235 57,958
Supplemental cash flow information – interest paid, net of capitalized interest 18,787 18,809
Supplemental cash flow information – income taxes paid $ 224 $ 299