Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash Flows From Operating Activities    
Net loss $ (66,300) $ (39,578)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 20,329 15,769
Amortization of discount and premium (304) (196)
Other amortization 6,135 5,387
Amortization of revenue on golf membership deposit liabilities (1,173) (1,080)
Amortization of prepaid golf membership dues (9,556) (10,728)
Non-cash operating lease expense 7,636 5,306
Stock-based compensation 1,137 2,783
(Gain) Loss on lease terminations and impairment (2,681) 6,077
Equity in (earnings), net of impairment from equity method investments 24,020 (1,033)
Other (gains) losses, net 390 (11,469)
Change in:    
Accounts receivable, net, other current assets and other assets - noncurrent 3,614 1,605
Accounts payable and accrued expenses, deferred revenue, other current liabilities and other liabilities - noncurrent 14,452 (2,591)
Net cash used in operating activities (2,301) (29,748)
Cash Flows From Investing Activities    
Proceeds from sale of property and equipment (74) 44,468
Acquisition and additions of property and equipment and intangibles (9,607) (60,534)
Net cash used in investing activities (9,681) (16,066)
Cash Flows From Financing Activities    
Repayments of debt obligations (3,849) (5,701)
Golf membership deposits received 2,241 1,776
Preferred stock dividends paid (1,395) (4,185)
Other financing activities (475) 15
Net cash used in financing activities (3,478) (8,095)
Net Decrease in Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent (15,460) (53,909)
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, Beginning of Period 31,964 82,819
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, End of Period 16,504 28,910
Supplemental Schedule of Non-Cash Investing and Financing Activities    
Preferred stock dividends declared but not paid 0 930
Additions to finance lease assets and liabilities 4,030 11,723
Increases in accounts payable and accrued expenses related to the purchase of property and equipment $ 2,555 $ (2,141)