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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - Supplemental Information - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Supplemental disclosure of cash and cash equivalents and restricted cash:      
Cash and cash equivalents $ 944,043 $ 73,332 $ 27,633
Restricted cash 3,375 18,124 53,626
Total cash and cash equivalents and restricted cash 947,418 91,456 81,259
Supplemental cash flow information:      
Cash paid for interest 344,043 281,097 191,155
Cash paid for income taxes 3,412 2,117 2,927
Non-cash investing activities:      
Real estate improvements accrued, not paid 7,777 5,684 13,595
Investment in Sonesta 0 42,000 0
Hotel manager’s deposit of insurance proceeds into restricted cash 0 22,488 25,000
Net proceeds from sale of equity securities 0 0 93,892
Real estate acquisitions and deposits (7,709) (7,090) (2,713,191)
Payments for Capital Improvements (95,017) (69,082) (150,531)
Property Managers Purchases With Restricted Cash (24,565) (153,626) (208,241)
Net proceeds from sale of real estate 51,412 167,542 816,450
Distributions in excess of earnings from Affiliates Insurance Company 12 286 6,577
Security deposits utilized or replenished 0 (109,162) (23,549)
Loss on early extinguishment of debt 0 9,394 8,451
Distribution of earnings from Affiliates Insurance Company 0 0 2,423
Gain on insurance settlement 0 (62,386) 0
Deferred income taxes (1,688) 13,850 (127)
Cash (used in) provided by operating activities 49,904 37,604 617,722
Net Cash Provided by (Used in) Investing Activities (101,310) (51,807) (2,130,044)
Net income (loss) (544,603) (311,382) 259,750
Depreciation and amortization 485,965 498,908 428,448
Interest expense, amortization of debt issuance costs and debt discounts and premiums 21,036 14,870 11,117
Straight Line Rent 2,621 714 10,719
Loss on asset impairment 78,620 55,756 39,296
Equity Securities, FV-NI, Unrealized Gain (Loss) (22,535) (19,882) 40,461
Income (Loss) from Equity Method Investments 941 9,910 (393)
Gain (Loss) on Sale of Properties (11,522) (2,261) (159,535)
Other Noncash Income (Expense) (2,625) (2,558) (614)
Increase (Decrease) in Due from Related Parties (5,875) (33) 3,272
Increase (Decrease) in Other Operating Assets 60,182 (78,340) (11,385)
Accounts payable and other liabilities (5,061) 2,296 60,484
Due to related persons (5,552) 17,910 (51,096)
Proceeds from issuance of senior unsecured notes, net of discounts and premiums 0 1,250,000 1,693,879
Repayments of Senior Debt 0 (405,971) 0
Repayments of Medium-term Notes 0 (400,000) 0
Borrowings under revolving credit facility 984,027 1,189,094 1,124,000
Repayments of Lines of Credit (62,451) (1,487,670) (924,000)
Payments of Debt Issuance Costs (6,822) (26,903) (21,882)
Payments for Repurchase of Common Stock (790) (346) (800)
Payments of Ordinary Dividends, Common Stock (6,596) (93,804) (353,619)
Net cash provided by financing activities 907,368 24,400 1,517,578
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $ 855,962 $ 10,197 $ 5,256