Cash flows from operating activities: | |
Net income | |
Adjustments to reconcile net income to cash provided by operating activities: | |
Depreciation and amortization | 19.45M |
Gain on early extinguishment of debt | |
Loss from discontinued operations | |
Gain on investments in trading securities | |
Loss on UBS put right related to auction rate securities | |
Gain on sale of available for sale securities | |
Equity in (income) losses of Affiliates Insurance Company | -94K |
Stock-based compensation | 542K |
Provision for losses on receivables | 1.9M |
Changes in assets and liabilities: | |
Accounts receivable | -979K |
Prepaid expenses and other assets | 76K |
Investment securities | |
Accounts payable and accrued expenses | -16.81M |
Accrued compensation and benefits | 10M |
Due to affiliates | -198K |
Other current and long term liabilities | -6.41M |
Cash provided by operating activities | -2.94M |
Net cash used in discontinued operations | -12K |
Cash flows from investing activities: | |
Acquisition of property and equipment | -26.98M |
Acquisition of senior living communities, net of working capital assumed | |
Acquisition deposits | |
Payments from restricted cash and investment accounts, net | -7.26M |
Investment in Affiliates Insurance Company | |
Proceeds from disposition of property and equipment held for sale | 11.71M |
Proceeds from sale of available for sale securities | 8.69M |
Cash used in investing activities | |
Cash flows from financing activities: | |
Net proceeds from the issuance of common stock | |
Proceeds from borrowings on credit facilities | 25M |
Repayments of borrowings on credit facilities | -65M |
Proceeds from borrowing on the Bridge loan from Senior Housing Properties Trust | |
Repayments of borrowing on the Bridge loan from Senior Housing Properties Trust | |
Purchase and retirement of convertible senior notes | |
Repayments of mortgage notes payable | -621K |
Cash provided by (used in) financing activities | |
Change in cash and cash equivalents during the period | 49.63M |
Cash and cash equivalents at beginning of period | 14.67M |
Cash and cash equivalents at end of period | 64.31M |
Supplemental cash flow information: | |
Cash paid for interest | 2.95M |
Cash paid for income taxes | 932K |
Non-cash activities: | |
Issuance of common stock | |
Real estate acquisition | |
Assumption of mortgage notes payable | |
Due from UBS | |
Investment in trading securities |