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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net income $ 11,143 $ 31,504
Adjustments to reconcile net income to cash provided by operating activities:    
Depreciation and amortization 68,430 72,230
Amortization of debt issuance costs and debt discounts and premiums 1,509 1,652
Straight line rental income (1,153) (1,934)
Amortization of acquired real estate leases and other intangible assets (1,873) (1,525)
Loss on early extinguishment of debt 25 0
Gain on lease termination (22,896) 0
Impairment of assets 11,234 6,206
(Gain) loss on sale of properties (2,782) 122
Gains and losses on equity securities, net 9,943 (22,932)
Other non-cash adjustments (943) (943)
Equity in earnings of an investee 0 (404)
Change in assets and liabilities:    
Other assets (39,433) (5,862)
Accrued interest 5,167 9,059
Other liabilities 17,941 (45,658)
Net cash provided by operating activities 56,312 41,515
Cash flows from investing activities:    
Real estate acquisitions and deposits (2,526) 0
Real estate improvements (41,045) (46,237)
Proceeds from sale of properties, net 16,930 2,929
Net cash used in investing activities (26,641) (43,308)
Cash flows from financing activities:    
Proceeds from borrowings on revolving credit facility 130,500 178,000
Repayments of borrowings on revolving credit facility (83,000) (92,000)
Repayment of other debt (2,466) (1,309)
Loss on early extinguishment of debt settled in cash (221) 0
Repurchase of common shares (21) 0
Distributions to noncontrolling interest (5,767) (5,503)
Distributions to shareholders (35,684) (92,714)
Net cash provided by (used in) financing activities 3,341 (13,526)
Increase (decrease) in cash and cash equivalents and restricted cash 33,012 (15,319)
Cash and cash equivalents and restricted cash at beginning of period 52,224 70,071
Cash and cash equivalents and restricted cash at end of period 85,236 54,752
Supplemental cash flow information:    
Interest paid 35,280 35,034
Income taxes paid 0 31
Non-cash investing activities:    
Capitalized interest 306 $ 134
Five Star    
Non-cash investing activities:    
Transaction Agreement additional consideration (75,000)  
Five Star    
Non-cash investing activities:    
Five Star Senior Living Inc. common stock 97,896  
Shareholders | Five Star    
Noncash Financing Activities [Abstract]    
Distribution to common shareholders of the right to receive Five Star Senior Living Inc. common stock $ (59,801)