v3.21.2
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2021
Dec. 31, 2020
Current assets    
Cash and cash equivalents $ 63,867 $ 47,786
Restricted cash 3,442 2,252
Accounts receivable, net 4,084 4,446
Real estate securities, available-for-sale 3,414 3,223
Other current assets 28,605 14,410
Total current assets 103,412 72,117
Restricted cash, noncurrent 709 795
Property and equipment, net of accumulated depreciation 174,616 169,425
Operating lease right-of-use assets 186,220 192,828
Intangibles, net of accumulated amortization 13,767 15,124
Other assets 5,752 6,765
Total assets 484,476 457,054
Current liabilities    
Obligations under finance leases 5,638 6,470
Membership deposit liabilities 17,978 14,692
Accounts payable and accrued expenses 33,812 29,596
Deferred revenue 13,086 23,010
Other current liabilities 20,744 28,217
Total current liabilities 91,258 101,985
Credit facilities and obligations under finance leases - noncurrent 9,997 12,751
Operating lease liabilities - noncurrent 174,776 167,837
Junior subordinated notes payable 51,177 51,182
Membership deposit liabilities, noncurrent 102,521 99,862
Deferred revenue, noncurrent 10,555 9,953
Other liabilities 3,377 3,447
Total liabilities 443,661 447,017
Commitments and contingencies
Equity    
Preferred stock, $0.01 par value, 100,000,000 shares authorized, 1,347,321 shares of 9.75% Series B Cumulative Redeemable Preferred Stock, 496,000 shares of 8.05% Series C Cumulative Redeemable Preferred Stock, and 620,000 shares of 8.375% Series D Cumulative Redeemable Preferred Stock, liquidation preference $25.00 per share, issued and outstanding as of September 30, 2021 and December 31, 2020 61,583 61,583
Common stock, $0.01 par value, 1,000,000,000 shares authorized, 92,086,727 and 67,323,592 shares issued and outstanding at September 30, 2021 and December 31, 2020, respectively 921 673
Additional paid-in capital 3,233,866 3,178,704
Accumulated deficit (3,257,835) (3,232,391)
Accumulated other comprehensive income 1,254 1,468
Total equity of the company 39,789 10,037
Noncontrolling interest 1,026 0
Total equity 40,815 10,037
Total liabilities and equity $ 484,476 $ 457,054

Source