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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities:    
Net loss $ (12,885) $ (6,970)
Adjustments to reconcile net loss to cash flows from operating activities:    
Provision for (recovery of) loan losses 4,003 (97)
Provision for losses on net investment in leases 1,292 0
Impairment of assets 1,708 3,851
Depreciation and amortization 14,486 15,668
Non-cash interest income from sales-type leases (1,570) 0
Stock-based compensation expense 16,270 4,249
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 3,320 3,616
Amortization of discounts/premiums and deferred interest on loans, net (8,404) (9,853)
Deferred interest on loans received 0 5,850
Earnings from equity method investments (16,612) (5,309)
Distributions from operations of other investments 5,009 1,389
Deferred operating lease income (3,618) (4,222)
Income from sales of real estate 0 (9,407)
Land development revenue in excess of cost of sales (3,117) 1,750
Loss on early extinguishment of debt, net 4,115 468
Other operating activities, net (9,710) (181)
Changes in assets and liabilities:    
Changes in accrued interest and operating lease income receivable 79 (954)
Changes in deferred expenses and other assets, net (3,039) (1,512)
Changes in accounts payable, accrued expenses and other liabilities (12,324) (44,869)
Cash flows used in operating activities (20,997) (46,533)
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (37,977) (58,318)
Capital expenditures on real estate assets (4,008) (5,184)
Capital expenditures on land and development assets (15,035) (37,762)
Acquisitions of real estate, net investments in leases and land assets 0 (109,663)
Repayments of and principal collections on loans receivable and other lending investments, net 18,346 157,915
Net proceeds from sales of real estate 7,493 58,529
Net proceeds from sales of land and development assets 76,776 11,455
Distributions from other investments 9,866 46,778
Contributions to and acquisition of interest in other investments (118,991) (260,297)
Other investing activities, net 769 (16,685)
Cash flows provided by (used in) investing activities (62,761) (213,232)
Cash flows from financing activities:    
Borrowings from debt obligations 306,180 63,500
Repayments and repurchases of debt obligations (113,634) (379,797)
Preferred dividends paid (5,874) (8,124)
Common dividends paid (7,797) (6,127)
Repurchase of stock (18,153) (15,328)
Payments for debt prepayment or extinguishment costs (3,316) 0
Payments for deferred financing costs (2,382) 0
Payments for withholding taxes upon vesting of stock-based compensation (1,984) (1,842)
Contributions from noncontrolling interests 163 0
Distributions to noncontrolling interests (3,724) (3,255)
Cash flows used in financing activities 149,479 (350,973)
Effect of exchange rate changes on cash (25) 8
Changes in cash, cash equivalents and restricted cash 65,696 (610,730)
Cash, cash equivalents and restricted cash at beginning of period 352,206 974,544
Cash, cash equivalents and restricted cash at end of period 417,902 363,814
Supplemental disclosure of non-cash investing and financing activity:    
Fundings and repayments of loan receivables and loan participations, net 2,110 2,502
Contributions of land and development assets to equity method investments, net 0 4,073
Accrued repurchase of stock $ 250 $ 3,841