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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities      
Net income (loss) $ (189,070) $ (238,340) $ (99,364)
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:      
Loss (gain) on debt modification and extinguishment, net 2,702 1,357 1,932
Depreciation and amortization, net 350,408 353,890 344,910
Asset impairment 40,572 29,618 23,003
Equity in (earnings) loss of unconsolidated ventures 3,996 10,782 (10,394)
Distributions from unconsolidated ventures from cumulative share of net earnings 430 561 6,191
Amortization of entrance fees (732) (2,307) (1,758)
Proceeds from deferred entrance fee revenue 477 4,222 3,562
Deferred income tax (benefit) provision 7,590 (1,324) (9,837)
Operating lease expense adjustment (45,739) (34,896) (23,280)
Change in fair value of derivatives (1,144) (7,659) 152
Loss (gain) on sale of assets, net (37,737) (74,445) (288,835)
Loss (gain) on facility operating lease termination, net 0 0 (2,003)
Non-cash stock-based compensation expense 11,985 14,466 16,270
Property and casualty insurance income (18,920) (11,379) (4,689)
Other non-operating (income) loss (2,542) 0 0
Changes in operating assets and liabilities:      
Accounts receivable, net 7,380 (4,624) 502
Prepaid expenses and other assets, net 21,629 (21,240) (15,483)
Trade accounts payable and accrued expenses 2,448 (27,185) (54,032)
Refundable fees and deferred revenue (654) (1,934) (10,066)
Operating lease assets and liabilities for lessor capital expenditure reimbursements 9,844 13,718 30,965
Operating lease assets and liabilities for lease termination 0 0 (2,380)
Net cash provided by (used in) operating activities 162,923 3,281 (94,634)
Cash Flows from Investing Activities      
Purchase of marketable securities (174,476) (263,669) (362,257)
Sale and maturities of marketable securities 197,100 398,752 352,988
Capital expenditures, net of related payables (233,205) (196,924) (176,657)
Acquisition of assets, net of cash acquired (574) (6,004) 0
Investment in unconsolidated ventures (7,589) (218) (5,436)
Distributions received from unconsolidated ventures 0 966 37,113
Proceeds from sale of assets, net 83,526 4,653 334,006
Property and casualty insurance proceeds 24,704 0 0
Purchase of interest rate cap instruments (12,454) (1,632) 0
Proceeds from interest rate cap instruments 9,890 788 0
Other (286) (4,141) 1,700
Net cash provided by (used in) investing activities (113,364) (67,429) 181,457
Cash Flows from Financing Activities      
Proceeds from debt 205,549 254,259 352,962
Repayment of debt and financing lease obligations (367,242) (281,185) (441,571)
Proceeds from issuance of tangible equity units 0 139,438 0
Purchase of capped call transactions 0 0 (15,916)
Payment of financing costs, net of related payables (10,831) (7,077) (3,904)
Payments of employee taxes for withheld shares (1,915) (4,293) (4,820)
Other 0 (760) (408)
Net cash provided by (used in) financing activities (174,439) 100,382 (113,657)
Net increase (decrease) in cash, cash equivalents, and restricted cash (124,880) 36,234 (26,834)
Cash, cash equivalents, and restricted cash at beginning of period 474,548 438,314 465,148
Cash, cash equivalents, and restricted cash at end of period $ 349,668 $ 474,548 $ 438,314