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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash Flows from Operating Activities:    
Net (loss) income $ (4,045) $ 8,779
Adjustments to reconcile net (loss) income to cash used in operating activities:    
Depreciation 50,810 51,779
Amortization 5,959 8,515
Amortization of deferred financing costs 3,427 2,940
Amortization of intangibles other than in-place leases 506 (791)
Straight-line rent amortization (5,914) (2,553)
Deferred income taxes (2,558) 24,440
Restricted stock and stock option amortization 5,705 3,407
Gains on sales of properties 0 (32,215)
Gain on acquisition of joint venture partner's interest 0 (5,490)
Net decrease (increase) in minimum pension liability (2,652) 0
Warrant liability loss 0 43,443
Loss on redemption of senior notes due 2021 0 46,410
Equity in earnings from real estate and other affiliates, net of distributions (23,531) (13,440)
Provision for doubtful accounts 2,135 1,280
Master Planned Communities land acquisitions (2,554) (1,415)
Master Planned Communities development expenditures (90,403) (90,973)
Master Planned Communities cost of sales 46,937 53,240
Condominium development expenditures (142,673) (191,499)
Condominium rights and unit cost of sales 35,545 166,678
Percentage of completion revenue recognition from sale of condominium rights and unit sales 0 (228,356)
Net changes:    
Accounts and notes receivable (5,475) 272
Prepaid expenses and other assets (3,302) (4,872)
Condominium deposits received 47,906 31,872
Deferred expenses (6,825) (9,672)
Accounts payable and accrued expenses (20,823) (40,526)
Condominium deposits receivable 0 32,377
Other, net 0 (191)
Cash used in operating activities (111,825) (146,561)
Cash Flows from Investing Activities:    
Property and equipment expenditures (2,965) (4,814)
Operating property improvements (29,774) (8,967)
Property developments and redevelopments (198,684) (195,189)
Acquisition of assets (179,471) (15,404)
Proceeds for reimbursement of development costs 0 11,165
Proceeds from sales of properties 0 36,000
Proceeds from Tax Increment Financings 12,319 0
Distributions from real estate and other affiliates 1,503 0
Note issued to real estate and other affiliates (3,795) 0
Proceeds from repayment of note to Real Estate Affiliate 0 (1,391)
Maturity of long term investment 0 3,558
Investments in real estate and other affiliates, net (244) 0
Cash used in investing activities (401,111) (175,042)
Cash Flows from Financing Activities:    
Proceeds from mortgages, notes and loans payable 299,974 1,399,843
Principal payments on mortgages, notes and loans payable (41,573) (1,085,438)
Premium paid to redeem 2021 senior notes 0 (39,966)
Purchase of treasury stock (57,267) 0
Special Improvement District bond funds released from escrow 1,468 1,602
Deferred financing costs and bond issuance costs, net (1,980) (11,383)
Taxes paid on stock options exercised and restricted stock vested (3,234) (9,029)
Gain on unwinding of swaps 9,390 0
Stock options exercised 9,227 19,109
Issuance of noncontrolling interests 69,000 0
Cash provided by financing activities 285,005 274,738
Net change in cash, cash equivalents and restricted cash (227,931) (46,865)
Cash, cash equivalents and restricted cash at beginning of period 964,300 915,139
Cash, cash equivalents and restricted cash at end of period 736,369 868,274
Supplemental Disclosure of Cash Flow Information:    
Interest paid 67,969 60,566
Interest capitalized 37,122 35,291
Income taxes paid (refunded), net 70 1,873
Non-Cash Transactions:    
Exercise of Sponsor and Management Warrants 0 375,613
Special Improvement District bond transfers associated with land sales 5,489 6,005
Accrued interest on construction loan borrowing 1,794 2,522
Capitalized stock compensation 921 765
Summerlin Las Vegas Baseball Club LLC    
Acquisition of Las Vegas 51s    
Building 0 87
Developments 0 65
Accounts receivable 0 633
Other assets 0 32,820
Other liabilities $ 0 $ (2,294)