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Consolidated Statements of Cash Flows (USD $)
In Thousands
6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Cash flows from operating activities:    
Net loss $ (74,123) $ (40,952)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 70,854 74,567
Gain on sale of hotels, net (6,660) 0
Gain on involuntary conversion, net (171) 0
Amortization of deferred financing fees and debt discount 9,351 8,608
Amortization of unearned officers’ and directors’ compensation 3,577 3,257
Equity in loss from unconsolidated entities 1,552 1,188
Distributions of income from unconsolidated entities 810 1,110
Debt extinguishment 23,961 (46,060)
Impairment loss 12,303 21,060
Changes in assets and liabilities:    
Accounts receivable (11,449) (5,469)
Restricted cash – operations 2,005 4,066
Other assets (12,604) (4,059)
Accrued expenses and other liabilities (4,880) 23,924
Net cash flow provided by operating activities 14,526 41,240
Cash flows from investing activities:    
Acquisition of hotels (137,985) 0
Improvements and additions to hotels (35,244) (18,393)
Additions to condominium project (318) (162)
Proceeds from asset dispositions 52,093 0
Change in restricted cash – investing (412) (2,646)
Insurance proceeds 282 0
Distributions from unconsolidated entities 825 559
Contributions to unconsolidated entities 0 (25,122)
Net cash flow used in investing activities (120,759) (45,764)
Cash flows from financing activities:    
Proceeds from borrowings 1,087,267 212,121
Repayment of borrowings (1,050,566) (347,692)
Payment of deferred financing fees (18,230) (6,615)
Change in restricted cash – financing (24,000) 0
Acquisition of noncontrolling interest 0 (1,000)
Distributions paid to noncontrolling interests (670) (980)
Contributions from noncontrolling interests 796 15
Distributions paid to preferred stockholders (19,356) 0
Net proceeds from common stock issuance 158,476 166,704
Proceeds from FelCor LP unit issuance 2,500 0
Net cash flow provided by financing activities 136,217 22,553
Effect of exchange rate changes on cash 93 (86)
Net change in cash and cash equivalents 30,077 17,943
Cash and cash equivalents at beginning of periods 200,972 263,531
Cash and cash equivalents at end of periods 231,049 281,474
Supplemental cash flow information – interest paid $ 59,344 $ 64,490