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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ (51,896) $ 55,338 $ 188,886
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 134,738 150,861 144,572
Asset impairments 11,378 60,628 4,706
Amortization of debt issuance costs and other non-cash interest 7,345 5,519 3,351
Expenses associated with debt repayments and refinancing transactions 56,279 7,141 602
Deferred income taxes 99,270 4,945 (1,162)
Loss (gain) on sale of real estate (38,766) 13,023 (287)
Other expenses and non-cash items 5,830 13,616 13,320
Non-cash revenue and other income (718) (7,301) (11,292)
Non-cash equity compensation 18,733 17,264 17,267
Changes in assets and liabilities, net:      
Accounts receivable, prepaid expenses and other assets (10,628) 16,769 (16,938)
Accounts payable, accrued expenses and other liabilities 31,666 17,727 11,359
Net cash provided by operating activities 263,231 355,530 354,384
CASH FLOWS FROM INVESTING ACTIVITIES:      
Expenditures for facility development and expansions (18,612) (27,591) (136,128)
Expenditures for other capital improvements (62,272) (56,196) (57,192)
Acquisitions, net of cash acquired   (8,849) (48,396)
Net proceeds from sale of assets 320,754 113,602 4,295
Increase in other assets (1,447) (7,998) (7,168)
Net cash provided by (used in) investing activities 238,423 12,968 (244,589)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of debt and borrowings from credit facility 740,563 374,000 1,146,691
Scheduled principal repayments (35,305) (32,254) (14,121)
Principal repayments of credit facility (284,000) (520,000) (648,000)
Repayment of non-recourse mortgage notes (161,930) (51,311)  
Repayment of senior notes and Term Loan B (516,350)   (325,000)
Payment of debt defeasance, issuance and other refinancing and related costs (64,987) (11,162) (4,296)
Payment of lease obligations for financing leases (559) (543) (538)
Contingent consideration for acquisition of businesses (1,000)   (7,398)
Proceeds from exercise of stock options     876
Purchase and retirement of common stock (1,639) (3,575) (3,531)
Dividends paid (2,508) (105,978) (209,522)
Net cash used in financing activities (327,715) (350,823) (64,839)
NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 173,939 17,675 44,956
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 136,768 119,093 74,137
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 310,707 136,768 119,093
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Debt assumed on acquisition of property   52,217  
Establishment of right of use assets and lease liabilities 1,483 116,263 137,946
Distributions to non-controlling interest 5,897    
Cash paid during the period for:      
Interest (net of amounts capitalized of $0.4 million, $0.5 million, and $6.0 million in 2021, 2020, and 2019, respectively) 80,587 88,132 85,698
Income taxes paid $ 36,477 $ 1,322 $ 16,437