XML 20 R6.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:      
Net loss $ (194,801) $ (460,821) $ 128,294
Amounts to reconcile net loss to net cash flows provided by (used in) operating activities:      
Provision for deferred income taxes 4,006 26,526 14,414
Depreciation and amortization 220,357 215,082 213,847
Amortization of deferred financing costs 8,790 7,948 7,662
Credit loss on held-to-maturity securities   32,784  
Forfeiture of Block 21 earnest deposit   15,000  
Write-off of deferred financing costs   281 3,079
Loss from unconsolidated joint ventures 8,963 6,451 1,110
Stock-based compensation expense 12,104 8,732 7,833
Changes in:      
Trade receivables (54,639) 50,501 (2,844)
Accounts payable and accrued liabilities 107,012 (59,828) (13,674)
Other assets and liabilities (539) (4,180) (5,035)
Net cash flows provided by (used in) operating activities 111,253 (161,524) 354,686
Cash Flows from Investing Activities:      
Purchases of property and equipment (77,426) (165,463) (152,541)
Collection of notes receivable 844 2,985 13,211
Other investing activities, net 5,554 (1,302) 1,015
Net cash flows used in investing activities (289,738) (172,648) (163,037)
Cash Flows from Financing Activities:      
Net borrowings (repayments) under revolving credit facility 84,000 106,000 (525,000)
Repayments under term loan B (5,000) (5,000) (105,000)
Issuance of senior notes 600,000   702,500
Redemption of senior notes (400,000)   (350,000)
Deferred financing costs paid (10,628) (2,214) (27,666)
Issuance of common stock     282,908
Redemption of noncontrolling interest in Operating Partnership (2,438)    
Payment of dividends (502) (102,331) (183,346)
Distribution from consolidated joint venture to noncontrolling interest partners   (992) (113,894)
Payment of tax withholdings for share-based compensation (3,485) (1,688) (3,989)
Other financing activities, net (216) (245) (243)
Net cash flows provided by (used in) financing activities 261,731 (6,470) 79,658
Net change in cash, cash equivalents, and restricted cash 83,246 (340,642) 271,307
Cash, cash equivalents, and restricted cash, beginning of period 79,754 420,396 149,089
Cash, cash equivalents, and restricted cash, end of period 163,000 79,754 420,396
Block 21 [Member]      
Cash Flows from Investing Activities:      
Earnest money deposit for potential Block 21 acquisition     (15,000)
$300 Million Term Loan A [Member]      
Cash Flows from Financing Activities:      
Borrowing under Gaylord Rockies term loan     100,000
Gaylord Rockies [Member]      
Cash Flows from Investing Activities:      
Purchase of land adjacent to Gaylord Rockies (22,000)    
Purchase of additional interest in Gaylord Rockies joint venture, net of cash acquired (188,000)   (5,481)
Cash Flows from Financing Activities:      
Borrowing under Gaylord Rockies term loan     800,000
Repayment of Gaylord Rockies construction and mezzanine loans     (496,612)
Other Joint Ventures [Member]      
Cash Flows from Investing Activities:      
Investment in other joint ventures $ (8,710) $ (8,868) $ (4,241)