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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) $ 138,026 $ (30,853) $ 334,325
Adjustments to reconcile net income (loss) to cash flows from operating activities:      
(Recovery of) provision for loan losses (9,235) 9,052 6,482
(Recovery of) provision for losses on net investment in leases (10,872) 1,760  
Impairment of assets 2,965 7,827 13,419
Depreciation and amortization 59,294 58,092 58,259
Non-cash interest income from sales-type leases (25,054) (24,969) (3,781)
Stock-based compensation expense 69,261 39,354 30,436
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 8,572 13,328 13,847
Amortization of discounts/premiums and deferred interest on loans, net (14,481) (30,738) (42,342)
Deferred interest on loans received 27,526 20,661 10,397
Selling profit from sales-type leases (25,034)   (180,416)
Earnings from equity method investments (162,467) (42,126) (41,849)
Distributions from operations of other investments 51,588 24,826 30,058
Deferred operating lease income (11,310) (14,052) (16,185)
Income from sales of real estate (34,794) (6,318) (236,623)
Land development revenue in excess of cost of sales (17,142) 13,025 (9,932)
Loss on early extinguishment of debt, net   12,038 27,724
Other operating activities, net 720 (19,496) 13,642
Changes in assets and liabilities:      
Originations and fundings of loans receivable, net (59,624)    
Changes in accrued interest and operating lease income receivable 5,493 (2,311) 417
Changes in deferred expenses and other assets, net (11,995) (5,351) (5,848)
Changes in accounts payable, accrued expenses and other liabilities (1,764) (1,863) (47,655)
Cash flows used in operating activities (20,327) 21,886 (45,625)
Cash flows from investing activities:      
Originations and fundings of loans receivable, net (75,250) (119,368) (255,804)
Capital expenditures on real estate assets (6,762) (15,798) (39,946)
Capital expenditures on land and development assets (23,929) (40,954) (117,514)
Acquisition of real estate, net investments in leases and land assets (42,652)   (240,487)
Repayments of and principal collections on loans receivable and other lending investments, net 270,393 208,240 419,800
Net proceeds from sales of loans receivable 122,609 11,000 5,898
Net proceeds from sales of real estate 157,258 48,415 329,971
Net proceeds from sales of land and development assets 182,723 161,063 114,885
Net proceeds from sales of other investments 111,429    
Distributions from other investments 35,036 39,871 62,911
Contributions to and acquisition of interest in other investments (216,997) (260,121) (656,720)
Other investing activities, net 158 (1,169) (21,090)
Cash flows provided by (used in) investing activities 514,016 31,179 (398,096)
Cash flows from financing activities:      
Borrowings from debt obligations 25,000 802,913 1,486,980
Repayments and repurchases of debt obligations (73,559) (913,501) (1,482,558)
Preferred dividends paid (23,496) (23,496) (32,495)
Common dividends paid (34,783) (32,664) (25,059)
Repurchase of stock (122,618) (54,565) (68,289)
Payments for debt prepayment or extinguishment costs   (8,567) (20,606)
Payments for deferred financing costs (14,288) (7,711) (19,928)
Payments for withholding taxes upon vesting of stock-based compensation (4,093) (2,716) (4,475)
Contributions from noncontrolling interests 11,127 496 2,812
Distributions to noncontrolling interests (13,425) (15,167) (14,998)
Other financing activities, net     (13)
Cash flows (used in) provided by financing activities (250,135) (254,978) (178,629)
Effect of exchange rate changes on cash (124) 273 12
Changes in cash, cash equivalents and restricted cash 243,430 (201,640) (622,338)
Cash, cash equivalents and restricted cash at beginning of period 150,566 352,206 974,544
Cash, cash equivalents and restricted cash at end of period 393,996 150,566 352,206
Supplemental disclosure of cash flow information:      
Cash paid during the period for interest, net of amount capitalized $ 143,451 $ 142,453 $ 181,520