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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net income (loss) $ 7,989 $ (12,885)
Adjustments to reconcile net income (loss) to cash flows from operating activities:    
(Recovery of) provision for loan losses (3,794) 4,003
(Recovery of) provision for losses on net investment in leases (1,601) 1,292
Impairment of assets 1,785 1,708
Depreciation and amortization 15,455 14,486
Non-cash interest income from sales-type leases (9,388) (1,570)
Stock-based compensation expense 5,508 16,270
Amortization of discounts/premiums and deferred financing costs on debt obligations, net 2,016 3,320
Amortization of discounts/premiums and deferred interest on loans, net (3,379) (8,404)
Deferred interest on loans received 23,703 0
Earnings from equity method investments (12,769) (16,612)
Distributions from operations of other investments 10,598 5,009
Deferred operating lease income (2,684) (3,618)
Income from sales of real estate (612) 0
Land development revenue in excess of cost of sales (2,926) (3,117)
Loss on early extinguishment of debt, net 0 4,115
Other operating activities, net (3,917) (9,710)
Changes in assets and liabilities:    
Increase Decrease In Origination Of Loan Receivable Held For Sale (16,086) 0
Changes in accrued interest and operating lease income receivable 1,945 79
Changes in deferred expenses and other assets, net 1,776 (3,039)
Changes in accounts payable, accrued expenses and other liabilities (17,414) (12,324)
Cash flows provided by (used in) operating activities (3,795) (20,997)
Cash flows from investing activities:    
Originations and fundings of loans receivable, net (50,670) (37,977)
Capital expenditures on real estate assets (648) (4,008)
Capital expenditures on land and development assets (4,134) (15,035)
Repayments of and principal collections on loans receivable and other lending investments, net 109,926 18,346
Net proceeds from sales of loans receivable 79,560 0
Net proceeds from sales of real estate 2,967 7,493
Net proceeds from net investment in leases 6,575 0
Net proceeds from sales of land and development assets 30,801 76,776
Distributions from other investments 20,032 9,866
Contributions to and acquisition of interest in other investments (59,866) (118,991)
Other investing activities, net 3,092 769
Cash flows used in investing activities 137,635 (62,761)
Cash flows from financing activities:    
Borrowings from debt obligations 25,000 306,180
Repayments and repurchases of debt obligations (32,308) (113,634)
Preferred dividends paid (5,874) (5,874)
Common dividends paid (8,216) (7,797)
Repurchase of stock (10,775) (18,153)
Payments for debt prepayment or extinguishment costs 0 (3,316)
Payments for deferred financing costs (75) (2,382)
Payments for withholding taxes upon vesting of stock-based compensation (2,085) (1,984)
Contributions from noncontrolling interests 64 163
Distributions to noncontrolling interests (2,145) (3,724)
Cash flows (used in) provided by financing activities (36,414) 149,479
Effect of exchange rate changes on cash (111) (25)
Changes in cash, cash equivalents and restricted cash 97,315 65,696
Cash, cash equivalents and restricted cash at beginning of period 150,566 352,206
Cash, cash equivalents and restricted cash at end of period 247,881 417,902
Supplemental disclosure of non-cash investing and financing activity:    
Fundings and (repayments) of loan receivables and loan participations, net (42,501) 2,110
Accrued repurchase of stock $ 1,802 $ 250