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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS UNAUDITED - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash Flows from Operating Activities:    
Net (loss) income $ 19,802 $ 19,295
Adjustments to reconcile net (loss) income to cash used in operating activities:    
Depreciation 77,347 84,083
Amortization 11,051 12,110
Amortization of deferred financing costs 9,424 4,306
Amortization of intangibles other than in-place leases 1,052 (1,071)
Straight-line rent amortization (9,547) (6,625)
Deferred income taxes 4,621 33,484
Restricted stock and stock option amortization 8,833 4,954
Gains on sales of properties 0 (32,452)
Gain on acquisition of joint venture partner's interest 0 (5,490)
Net decrease (increase) in minimum pension liability (65) 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 (30,474) (20,200)
Provision for doubtful accounts 4,417 1,728
Master Planned Communities land acquisitions (3,565) (1,415)
Master Planned Communities development expenditures (142,000) (136,745)
Master Planned Communities cost of sales 99,062 78,424
Condominium development expenditures (234,563) (293,183)
Condominium rights and unit cost of sales 41,713 253,209
Percentage of completion revenue recognition from sale of condominium rights and unit sales 0 (342,208)
Net changes:    
Accounts and notes receivable (43,990) 1,602
Prepaid expenses and other assets (555) (7,113)
Condominium deposits received 73,082 250,352
Deferred expenses (11,169) (11,215)
Accounts payable and accrued expenses (14,294) (36,607)
Condominium deposits receivable 0 36,361
Other, net 0 245
Cash used in operating activities (139,818) (24,318)
Cash Flows from Investing Activities:    
Property and equipment expenditures (4,667) (5,936)
Operating property improvements (40,414) (12,591)
Property developments and redevelopments (387,625) (258,850)
Acquisition of assets (234,541) (15,404)
Proceeds for reimbursement of development costs 0 11,165
Proceeds from sales of properties 0 36,560
Proceeds from Tax Increment Financings 16,848 0
Distributions from real estate and other affiliates 1,072 0
Note issued to real estate and other affiliates (3,795) 0
Maturity of long term investment 0 3,595
Investments in real estate and other affiliates, net (1,027) (3,579)
Cash used in investing activities (654,149) (245,040)
Cash Flows from Financing Activities:    
Proceeds from mortgages, notes and loans payable 1,077,315 1,433,437
Principal payments on mortgages, notes and loans payable (656,816) (1,130,337)
Premium paid to redeem 2021 senior notes 0 (39,966)
Preferred dividend payment on behalf of REIT subsidiary 0 (12)
Purchase of treasury stock (57,267) 0
Special Improvement District bond funds released from escrow 3,052 6,099
Deferred financing costs and bond issuance costs, net (16,585) (13,305)
Taxes paid on stock options exercised and restricted stock vested (3,932) (9,201)
Gain on unwinding of swaps 16,104 0
Stock options exercised 11,344 19,719
Issuance of noncontrolling interests 69,000 50,000
Cash provided by financing activities 442,215 316,434
Net change in cash, cash equivalents and restricted cash (351,752) 47,076
Cash, cash equivalents and restricted cash at beginning of period 964,300 915,139
Cash, cash equivalents and restricted cash at end of period 612,548 962,215
Supplemental Disclosure of Cash Flow Information:    
Interest paid 122,334 110,034
Interest capitalized 58,458 55,895
Income taxes paid (refunded), net 70 (12,419)
Non-Cash Transactions:    
Exercise of Sponsor and Management Warrants 0 375,613
Special Improvement District bond transfers associated with land sales 10,546 9,864
Accrued interest on construction loan borrowing 6,175 4,978
Capitalized stock compensation 1,891 584
Summerlin Las Vegas Baseball Club LLC    
Acquisition of Las Vegas 51s    
Building 0 87
Developments 0 65
Accounts receivable 0 633
Other assets 0 33,313
Other liabilities $ 0 $ (2,294)