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, 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)