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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
USD ($)
Jun. 30, 2022
USD ($)
Jun. 30, 2021
USD ($)
CASH FLOW FROM OPERATING ACTIVITIES      
Net loss $ (142,083) $ (209,070) $ (106,237)
Adjustments to reconcile net loss to net cash used in operating activities:      
Equity in loss of unconsolidated entities 33,720 66,796 3,489
Distributions from unconsolidated entities     1,141
(Gain) on sale of real estate, net   (67,016) (42,305)
Impairment of real estate assets 109,343 110,334 66,239
Share-based compensation   892 953
Depreciation and amortization 10,669 22,603 26,470
Amortization of deferred financing costs   211 212
Amortization of above and below market leases, net   121 63
Straight-line rent adjustment   (4,320) (1,028)
Interest on sale-leaseback financing obligations   25  
Litigation reserve 35,000 35,000  
Change in operating assets and liabilities      
Tenants and other receivables   (10,370) 3,436
Prepaid expenses, deferred expenses and other assets   1,713 (1,224)
Accounts payable, accrued expenses and other liabilities   (1,420) (18,811)
Net cash used in operating activities   (54,501) (67,602)
CASH FLOW FROM INVESTING ACTIVITIES      
Investment in unconsolidated entities   (15,432) (21,279)
Distributions from unconsolidated entities   160  
Net proceeds from sale of real estate   168,186 133,313
Development of real estate   (53,032) (44,949)
Net cash provided by investing activities   99,882 67,085
CASH FLOW FROM FINANCING ACTIVITIES      
Proceeds from sale-leaseback financing obligations     183
Purchase of shares related to stock grant recipients' tax withholdings     (262)
Preferred dividends paid   (2,450) (2,450)
Net cash used in financing activities   (2,450) (2,529)
Net increase/(decrease) in cash and cash equivalents   42,931 (3,046)
Cash and cash equivalents, and restricted cash, beginning of period   113,753 150,254
Cash and cash equivalents, and restricted cash, end of period 156,684 156,684 147,208
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]      
Cash and cash equivalents at beginning of period   106,602 143,728
Restricted cash at beginning of period   7,151 6,526
Cash and cash equivalents at end of period 149,529 149,529 140,058
Restricted cash at end of period 7,155 7,155 7,150
Cash and cash equivalents and restricted cash $ 156,684 156,684 147,208
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash payments for interest   52,188 56,620
Capitalized interest   7,674 5,722
Income taxes paid   228 160
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Development of real estate financed with accounts payable   28,561 8,090
Preferred dividends declared and unpaid   1,225 1,225
Transfer to real estate assets held for sale   $ 117,013 $ 29,059