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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (33,401) $ (43,247)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity in losses of unconsolidated entities (327) 606
Depreciation and amortization (including amortization of signing bonuses) 9,753 9,557
(Recovery) impairment of real estate (9,858) 1,823
Impairment of intangible assets 480 1,639
Share-based compensation 2,378 5,797
Allowance for uncollectible accounts 6,052 3,301
Other 1,211 1,255
Changes in operating assets and liabilities:    
Accounts receivable from related parties (5,542) 867
Prepaid expenses and other assets (6,993) 5,873
Accounts payable and accrued expenses (85) (5,021)
Other liabilities 1,012 (2,491)
Restricted cash 384 0
Net cash used in operating activities (34,936) (20,041)
CASH FLOWS FROM INVESTING ACTIVITIES    
Cash effect from deconsolidation of VIE 0 (184)
Purchases of property and equipment (3,036) (1,297)
Tenant improvements and capital expenditures (513) (517)
Purchases of marketable equity securities, net 44 (936)
Notes and advances to related parties (291) (365)
Proceeds from repayment of notes and advances to related parties 739 4,610
Proceeds from sale of note receivable 6,126 0
Investments in unconsolidated entities, net (27) (243)
Sale of tenant-in-common interest in unconsolidated entities 0 391
Payments of real estate deposits and pre-acquisition costs, net 0 (422)
Acquisition of business (100) (200)
Restricted cash 1,308 2,002
Net cash provided by investing activities 4,250 2,839
CASH FLOWS FROM FINANCING ACTIVITIES    
Borrowing on credit facility 18,000 0
Repayments of mortgage notes and capital lease obligations, net (581) (514)
Other financing costs (946) (489)
Proceeds from the issuance of convertible notes, net 0 29,925
Dividends paid to preferred stockholders 0 (5,794)
Contributions from noncontrolling interests 14 321
Distributions to noncontrolling interests (998) (3,244)
Restricted cash (1,000) 0
Net cash provided by financing activities 14,489 20,205
NET (DECREASE) IN CASH AND CASH EQUIVALENTS (16,197) 3,003
Cash and cash equivalents - Beginning of period 30,919 39,101
Cash and cash equivalents - End of period 14,722 42,104
SUPPLEMENTAL DISCLOSURE OF NONCASH ACTIVITIES    
Accrued preferred stock dividends 5,794 0
Issuance of warrants 741 0
Consolidation of assets held by VIEs 0 15,389
Consolidation of liabilities held by VIEs 0 651
Consolidation of noncontrolling interests held by VIEs 0 14,740
Deconsolidation of assets held by VIEs 0 338
Deconsolidation of liabilities held by VIEs 0 411
Deconsolidation of noncontrolling interests held by VIEs 0 73
Consolidation of assets related to sponsored mutual fund 0 823
Consolidation of noncontrolling interests related to sponsored mutual fund 0 823
Acquisition of business $ 0 $ 1,009