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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flow From Operating Activities:      
Net income (loss) $ 10,077 $ 7,464 $ (26,137)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:      
Gain on sale or write down of assets (23,352) (32,107) (14,809)
Loss income on foreign currency transactions 6,175 13,378 15,108
Loss on debt extinguishment 1,451 0 5,219
Depreciation and amortization 15,029 18,579 15,585
(Recovery) provision for bad debts (1,017) 984 0
Equity in (income) loss from unconsolidated joint ventures (14,531) 519 2,758
Distribution of income from unconsolidated joint ventures 3,157 1,782 0
Changes in assets and liabilities, net of dispositions:      
Other assets (12,928) (7,397) 798
Related party receivables 12,572 4,389 (35,257)
Accrued interest payable (2,909) (1,340) 2,349
Accounts payable and other liabilities (4,710) (620) (1,361)
Net cash (used in) provided by operating activities (10,986) 5,631 (35,747)
Cash Flow From Investing Activities:      
Collection of notes receivable 17,674 4,436 13,862
Originations and advances on notes receivable (4,968) (33,015) (21,434)
Purchase of short-term investment (16,000) 0 0
Acquisition of real estate 0 0 (3,422)
Development and renovation of real estate (8,070) (17,505) (33,730)
Deferred leasing costs (877) (2,603) 0
Proceeds from sale of assets 105,547 40,982 28,622
Contribution to unconsolidated joint venture (411) 0 0
Distribution from unconsolidated joint venture 7,430 8,086 6,504
Net cash provided by (used in) investing activities 100,325 381 (9,598)
Cash Flow From Financing Activities:      
Proceeds from mortgages and notes payable 20,015 30,727 103,800
Payments on mortgages, other notes and bonds payable (118,900) (31,736) (73,719)
Debt extinguishment costs (4,086) 0 (3,799)
Deferred financing costs (614) (1,297) (4,241)
Net cash (used in) provided by financing activities (103,585) (2,306) 22,041
Net (decrease) increase in cash, cash equivalents and restricted cash (14,246) 3,706 (23,304)
Cash, cash equivalents and restricted cash, beginning of year 86,967 83,261 106,565
Cash, cash equivalents and restricted cash, end of year $ 72,721 $ 86,967 $ 83,261