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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flow From Operating Activities:    
Net income (loss) $ 10,702 $ (19,799)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
(Gain) loss on foreign currency transactions (774) 13,296
Loss on extinguishment of debt   (5,219)
Gain on sale or write-down of assets (24,802) (9,792)
Depreciation and amortization 13,023 12,818
Provision for bad debts (542)  
Loss from unconsolidated joint ventures 642 1,135
Distributions of income fron unconsolidated joint ventures 1,729  
Changes in assets and liabilities, net of dispositions:    
Other assets (13,322) 14,185
Receivables from related parties (93) (35,257)
Accounts payable and other liabilities 3,107 5,891
Accrued interest (3,895) (1,454)
Deferred revenue (3,159) 4,957
Net cash used in operating activities (17,384) (8,801)
Cash Flow From Investing Activities:    
Collection of notes receivables 7,283 255
Origination and advances on notes receivable (15,718) (7,262)
Acquisition of real estate (2,664) (2,126)
Development and renovation of real estate (12,488) (31,311)
Deferred leasing costs (96)  
Proceeds from sale of real estate 31,768 21,734
Distributions from unconsolidated joint ventures 8,140 1,928
Net cash provided by (used in) investing activities 16,225 (16,782)
Cash Flow From Financing Activities:    
Proceeds from mortgages and notes payable 10,234 18,105
Payments on mortgages and notes payable (9,592) (47,343)
Proceeds from bonds payable   78,125
Payments on bonds payable (21,724) (21,742)
Debt extinguishment costs (3,799)
Deferred finance costs (54) (4,241)
Distributions to equity partner   (197)
Net cash (used in) provided by financing activities (21,136) 18,908
Net decrease in cash, cash equivalents and restricted cash (22,295) (6,675)
Cash, cash equivalents and restricted cash, beginning of period 83,311 106,615
Cash, cash equivalents and restricted cash, end of period 61,016 99,940
Supplemental disclosures of cash flow information:    
Cash paid for interest, net of amounts capitalized 25,351 33,521
Schedule of noncash investing and financing activities:    
Land acquired in exchange for note payable 3,350  
Note receiveable issued in exchange for property 1,761  
Debt assumed in sale of properties $ 8,238  
Land received in exhange for note receivable   $ 1,800