Drive Shack Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited)

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2019	Sep. 30, 2018
Cash Flows From Operating Activities
Net loss	$ (39,578)	$ (35,175)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization	15,769	14,358
Amortization of discount and premium	(196)	891
Other amortization	10,693	8,217
Amortization of revenue on golf membership deposit liabilities	(1,080)	(1,127)
Amortization of prepaid golf membership dues	(10,728)	(19,570)
Stock-based compensation	2,783	1,409
Impairment and other losses	6,077	5,645
Equity in earnings from equity method investments, net of distributions	(1,033)	(1,123)
Other (gains) losses, net	(11,617)	2,075
Unrealized (gain) on investments	0	(283)
Loss on extinguishment of debt	148	66
Change in:
Accounts receivable, net, other current assets and other assets - noncurrent	1,605	1,436
Accounts payable and accrued expenses, deferred revenue, other current liabilities and other liabilities - noncurrent	(2,591)	1,064
Net cash used in operating activities	(29,748)	(22,117)
Cash Flows From Investing Activities
Proceeds from sale of property and equipment	44,468	3,186
Acquisition and additions of property and equipment and intangibles	(60,534)	(44,788)
Contributions to equity method investees	0	(7)
Net cash used in investing activities	(16,066)	(41,609)
Cash Flows From Financing Activities
Repayments of debt obligations	(5,701)	(3,712)
Golf membership deposits received	1,776	2,544
Preferred stock dividends paid	(4,185)	(4,185)
Other financing activities	15	(32)
Net cash used in financing activities	(8,095)	(5,385)
Net Decrease in Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent	(53,909)	(69,111)
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, Beginning of Period	82,819	173,688
Cash and Cash Equivalents, Restricted Cash and Restricted Cash, noncurrent, End of Period	28,910	104,577
Supplemental Schedule of Non-Cash Investing and Financing Activities
Preferred stock dividends declared but not paid	930	930
Additions to finance lease assets and liabilities	11,723	4,035
Additions for operating lease right-of-use assets and operating lease liabilities	206,876	0
Increases (decreases) in accounts payable and accrued expenses related to the purchase of property and equipment	$ (2,141)	$ (945)