EQUITY LIFESTYLE PROPERTIES, INC. ELS Cash Flow

Equity lifestyle properties, inc. (ELS)

CashFlow / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Cash Flows From Operating Activities:
Consolidated net income
70,724	58,126	68,176	49,085	120,535	53,380	59,660	49,169	64,177	47,974	54,866	44,462	63,075	42,381	46,757	40,804	57,190	39,767	42,106	36,826	31,813	34,262	30,276	30,040	43,890	28,716	34,936	21,785	40,468	29,015	21,492	6,299	17,653	3,863	1,355	11,654	25,632	10,596	17,307	10,967	21,527
Adjustments to reconcile consolidated net income to net cash provided by operating activities:
Gain on sale of real estate, net
0	0	0	0	52,507	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of property
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-19	40,586	0	958	4,596	0	0	0	-	-	-	-	-	-	-	-
Early debt retirement
1,054	0	0	1,491	0	-	-	-	-	-	-	-	-	-	-	-	-	-9	0	-69	16,991	0	5,087	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
39,628	39,820	37,512	38,244	38,404	35,890	35,367	34,714	32,717	33,170	30,821	30,562	30,398	30,478	29,801	29,307	28,935	29,024	28,685	28,625	28,364	28,051	28,031	27,960	27,830	26,633	26,662	30,259	26,951	25,594	26,749	26,675	26,560	24,356	23,492	18,734	18,653	17,331	18,403	18,220	18,175
Loss on discontinued real estate and other
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	177
Amortization of Intangible Assets
-	-	-	-	-	-	-	-	-	-	138	958	1,032	1,234	1,376	428	335	408	616	669	665	208	1,075	1,401	1,315	1,137	485	159	159	808	7,548	18,401	18,365	-	-	-	-	-	-	-	-
Amortization of loan costs
872	856	855	881	887	889	903	901	871	870	888	890	898	948	1,054	897	979	1,052	1,061	1,020	1,083	1,128	1,175	1,248	1,232	1,265	1,290	1,351	1,398	1,412	1,554	1,395	1,393	1,691	1,351	1,186	1,077	793	788	930	814
Debt premium amortization
-114	-124	-127	-131	-101	-1,198	-350	-354	-357	-547	-498	-511	-655	-749	-903	-845	-885	-886	-889	-892	-1,202	-1,229	-1,316	-1,317	-1,323	-1,245	-2,702	-1,391	-1,504	-1,490	-1,839	-1,716	-1,719	-1,376	-431	-18	8	8	8	-7	4
Equity in income of unconsolidated joint ventures
207	478	3,518	3,226	1,533	1,343	788	1,613	1,195	889	686	1,040	1,150	463	496	765	881	483	1,882	840	884	810	1,236	645	1,887	415	439	609	576	-495	556	780	1,058	-554	564	848	1,090	-600	618	862	1,147
Distributions of income from unconsolidated joint ventures
0	123	3,002	1,331	677	1,253	1,137	1,242	490	932	801	155	1,115	1,402	376	488	553	253	2,170	718	443	493	1,200	357	1,312	60	152	621	478	440	292	633	474	208	301	685	647	196	1,806	265	564
Proceeds from insurance claims, net
756	5,272	-6,164	272	4,150	11,878	-5,162	-1,222	3,031	2,856	-4,616	-143	4,625	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Compensation expense related to restricted stock and stock options
2,964	2,721	2,734	2,625	2,420	2,713	2,746	2,741	1,800	2,587	2,556	2,502	1,755	2,385	2,403	2,479	1,914	2,314	2,308	2,260	1,700	2,570	2,567	1,698	733	1,620	1,616	1,582	1,134	1,332	1,180	1,866	1,419	1,054	1,739	1,725	1,244	1,479	1,492	1,421	1,044
Revenue recognized from membership upgrade sales upfront payments
2,301	2,266	2,199	2,128	2,067	2,031	1,980	1,923	1,877	2,580	2,532	2,482	2,426	2,385	2,345	2,288	2,230	2,217	2,188	2,123	2,024	2,182	2,180	2,095	1,934	2,668	1,851	1,811	1,791	2,331	1,705	1,658	1,637	1,592	1,528	1,443	1,357	1,299	1,222	1,130	989
Commission expense recognized related to membership sales
940	894	906	929	938	894	905	909	901	1,182	1,125	1,112	1,090	1,078	1,052	1,017	1,002	966	933	867	829	834	782	634	684	668	658	645	630	609	588	561	552	533	504	473	436	412	382	342	296
Long-term incentive plan compensation
383	383	382	379	-3,987	357	358	223	238	336	337	337	337	461	462	462	-4,314	18	298	297	360	475	475	475	475	476	475	475	481	140	252	118	272	997	272	272	272	272	272	181	0
Provision for (recovery of) uncollectible rents receivable
-	-	-	-	-	-	-	-	-	-	-266	161	53	-1,292	-131	501	178	163	30	-161	505	320	310	77	-606	-150	193	229	-42	2,772	500	-90	61	2,576	385	232	376	2,175	443	35	61
Changes in assets and liabilities:
Notes receivable, net
317	395	1,362	1,201	-122	-394	1,283	-3	-639	1,173	55	237	45	132	12	-197	-164	-45	-122	-183	284	-308	193	215	937	171	258	165	-471	-63	-78	-159	-109	-1,189	901	-142	-47	-308	-99	-78	-9
Deferred commission expense
1,020	1,090	1,149	1,234	1,035	850	1,414	1,198	812	1,017	1,280	1,208	1,072	1,018	1,403	1,343	895	1,050	1,754	1,925	1,142	1,538	2,082	1,413	1,239	1,254	1,364	1,300	1,093	1,590	1,865	1,216	794	1,827	1,652	1,820	1,436	1,594	1,655	2,000	1,708
Rent and other customer receivables, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-130	-127	-	575	286	384	-	-	-	-8
Inventory - Retail
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	225	-139	-	449	311	-648	3,095	-662	-1,442	-600
Other assets, net
-13,324	-10,551	-9,345	-963	9,238	-10,232	-5,771	-1,918	-8,977	-9,234	-10,830	-3,509	-7,483	-11,477	-9,379	-5,391	-7,746	-9,601	-6,954	-12,494	-15,046	-8,868	-6,959	1,587	-7,990	-8,479	-4,870	7,783	-1,614	-3,739	-4,069	2,112	-193	-7,779	13,027	5,186	-41	-6,492	-2,634	-3,660	1,141
Accounts payable and other liabilities
-2,096	-20,193	9,809	5,560	20,402	-10,440	10,781	4,747	4,527	-21,487	10,686	5,842	224	-5,070	12,939	-3,756	6,209	-20,676	7,833	9,760	8,715	-20,718	4,637	4,427	6,372	-14,676	5,793	6,489	2,477	-15,982	8,692	1,892	2,357	-14,091	12,879	5,283	2,665	-18,490	766	7,823	2,015
Rents and other customer payments received in advance and security deposits
-261	3,345	-17,642	17,730	3,202	1,036	-14,936	14,368	1,233	5,659	8,325	-12,122	492	5,871	-14,029	10,581	-147	5,088	-10,537	9,549	2,531	4,483	-8,459	5,037	2,036	5,589	-8,390	6,260	926	3,798	-7,571	4,572	324	6,037	-8,755	3,870	544	7,187	-5,882	2,156	-80
Deferred revenue upfront payments from right-to-use contracts
-	-	-	-	-	-	-	-	-	-	-	-	3,206	-	3,672	3,086	2,532	2,519	3,889	3,578	2,797	3,380	4,168	3,263	3,081	3,916	3,707	3,361	2,831	4,345	4,494	2,942	2,244	4,760	4,386	4,857	3,853	4,326	4,552	5,681	4,937
Deferred revenue right-to-use annual payments
-	-	-	-	-	-	-	-	-	-	-	-	3,499	-	-2,439	-598	3,737	-982	-2,422	-411	3,903	-972	-3,416	-1,163	4,205	-319	-3,494	-1,061	4,922	-1,012	-3,923	-1,277	5,423	-438	-4,519	-1,850	6,042	-616	-4,410	-1,585	6,650
Net cash provided by operating activities
130,892	94,172	104,663	116,587	128,098	89,322	94,797	108,264	121,701	74,665	90,340	99,154	113,828	77,780	87,775	85,041	101,766	65,663	77,273	100,731	109,215	57,403	66,931	68,182	93,229	57,613	59,664	59,096	78,976	47,561	59,858	56,569	72,457	55,350	25,022	37,351	57,918	28,650	35,180	47,663	51,816
Cash Flows From Investing Activities:
Real estate acquisitions, net
1,352	9,115	137,833	25,451	13,012	102,304	78,515	23,360	29,929	134,389	110	2,053	0	20,041	2,000	68,816	7,387	0	0	11,492	12,195	26,746	10,419	0	44,226	1,348	116,359	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of properties, net
0	0	0	0	77,746	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Tax-deferred exchange deposit
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-10,576	-1,779	13,755	0	0	-	-	-	-	-	-	-	-	0	0	0	-786
Investment in unconsolidated joint ventures
-	-	-	-	-	583	123	0	3,791	-134	31,212	2,267	0	134	0	0	5,000	0	0	0	4,000	0	1,004	-15	2,500	1,492	29	1,120	0	-	-	-	-	-	-	-	-	-	-	-	-
Distributions of capital from unconsolidated joint ventures
150	618	565	5,111	58	228	58	110	0	-	-	-	-	-	-	-	-	-	-	-	-	2,169	295	0	116	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from insurance claims
0	1,511	5,578	350	761	1,328	4,280	2,070	265	2,079	957	132	458	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from (purchase of) short-term investments
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-49,269	-2,997	-	-	-	0
Repayments of notes receivable
-	-	-	-	-	1	-1	0	13,823	-7,643	2,589	2,593	2,461	-7,788	2,612	2,464	2,712	2,594	2,530	2,762	2,604	2,375	2,645	2,764	7,115	2,282	2,776	3,110	3,384	2,620	1,859	2,960	3,632	-	-	-	-	-	-	-	-
Issuance of notes receivable
-	-	-	-	-	-	-	-	-	-8,474	3,601	16,484	2,212	-7,436	3,080	2,482	1,874	2,080	3,676	2,307	1,728	2,175	2,674	2,347	2,245	2,551	3,361	2,886	1,545	1,606	1,210	1,843	1,068	-	-	-	-	-	-	-	-
Net (borrowings) repayments of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,047	3,698	-866	22	-440	-277	-481
Capital improvements
48,959	68,205	68,344	69,003	52,441	53,186	47,059	50,061	31,316	38,173	34,413	29,110	24,354	32,121	31,609	33,212	22,495	25,961	25,579	25,999	16,260	22,076	15,111	16,534	10,000	16,143	12,721	18,813	17,037	22,096	22,604	16,423	14,137	20,636	16,918	13,539	10,939	16,464	11,761	12,616	7,788
Net cash provided by (used in) investing activities
-50,161	-75,191	-201,017	-88,993	13,112	-154,516	-121,360	-71,241	-50,948	-169,369	-65,680	-46,659	-23,647	-52,529	-29,983	-102,046	-34,044	-25,447	-26,645	-37,036	-31,579	-46,453	-24,166	-16,102	-41,164	-17,473	14,526	-19,709	-15,198	-37,731	-21,955	-15,306	-11,573	-167,251	-259,553	-267,968	-7,076	-68,752	-11,321	-12,339	-6,521
Cash Flows From Financing Activities:
Proceeds from stock options and employee stock purchase plan
619	548	697	585	652	4,203	764	343	503	5,296	851	361	403	6,626	600	8	5,323	274	373	183	4,069	430	400	185	311	194	196	161	417	1,250	2,986	445	251	2,534	2,277	446	227	394	337	1,137	314
Common Stockholders
55,765	55,762	55,757	55,122	49,457	49,361	48,842	48,806	43,202	42,656	42,415	42,335	36,364	36,254	36,238	35,953	31,612	31,611	31,604	31,590	27,272	27,269	27,234	27,007	20,836	20,834	25,020	16,692	0	37,951	18,258	48,442	-15,162	-	-	-	-	-	-	-	-
Common OP Unitholders
3,213	3,213	3,215	3,515	3,161	3,161	3,201	3,205	2,844	2,845	2,844	2,895	3,047	3,060	3,062	3,063	2,703	2,703	2,710	2,706	2,351	2,351	2,381	2,474	1,917	1,920	0	3,728	0	1,682	1,552	5,194	-1,732	-	-	-	-	-	-	-	-
Acquisition of non-controlling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	103	25	0	1,453
Preferred Stockholders
-	-	-	-	-	-	-	-	-	18	2,297	2,316	2,297	2,316	2,297	2,316	2,297	2,316	2,297	2,316	2,297	2,325	2,311	2,328	2,310	2,329	2,311	2,329	2,311	3,151	3,393	12,100	-4,031	-	-	-	-	-	-	-	-
Distributions to Common Stockholders, Common OP Unitholders, Perpetual Preferred OP Unitholders and Preferred Stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	19,622	17,355	14,683	-	14,654	14,650	14,632
Stock repurchase and Unit redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,466	0	59	157	1,655	0	33	366
Share based award tax withholding payments
3,962	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Principal payments and mortgage debt repayment
61,791	13,661	13,385	80,299	13,683	209,027	12,344	12,177	11,787	210,138	17,755	10,750	31,887	33,475	76,692	13,029	19,535	9,647	9,382	44,330	392,949	12,462	92,012	44,382	29,184	34,515	370,052	28,999	16,926	12,846	76,409	70,774	7,523	6,896	12,481	50,530	5,751	12,389	79,657	106,094	13,516
Mortgage notes payable financing proceeds
275,385	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
New mortgage notes payable financing proceeds
-	-	-	-	-	-	0	0	64,014	-	146,000	0	0	-	-	-	-	0	0	0	395,323	0	115,000	54,000	0	-	-	-	-	-	-	-	-	-	-	-	-	0	0	64,665	11,950
Line of Credit repayment
222,500	35,500	120,000	0	0	110,000	77,000	20,000	77,000	101,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Line of Credit proceeds
62,500	75,500	240,000	0	0	30,000	157,000	20,000	47,000	131,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance and defeasance costs
3,800	0	0	1,450	250	4,558	190	43	1,645	10,703	1,864	-49	49	758	612	-3	8	82	457	450	23,091	92	9,839	1,643	77	1,112	40,409	1,510	0	102	2,293	492	175	-	-	-	-	241	246	851	413
Payments of Stock Issuance Costs
143	358	57	869	63	218	1,098	278	57	1,224	574	117	32	298	0	783	41	67	101	244	79	441	55	47	52	42	23	202	277	1,161	82	18	0	-	-	-	-	-	-	-	-
Net cash used in financing activities
-12,670	-32,507	48,283	-81,359	-65,962	12,672	93,844	-64,174	-25,018	47,485	-15,005	-58,003	-73,273	-38,489	-63,851	-5,231	-50,873	-49,353	-46,178	-81,453	-48,647	-46,380	-18,432	-23,696	-54,065	-33,239	-200,559	56,701	-19,097	-120,573	-25,001	-9,268	-28,372	-30,435	361,983	272,824	-20,364	-28,658	-94,245	-55,826	-18,116
Net increase (decrease) in cash and restricted cash
68,061	-13,526	-48,071	-53,765	75,248	-52,522	67,281	-27,151	45,735	-47,219	9,655	-5,508	16,908	-13,238	-6,059	-22,236	16,849	-9,137	4,450	-17,758	28,989	-35,430	24,333	28,384	-2,000	6,901	-126,369	96,088	44,681	-110,743	12,902	31,995	32,512	-142,336	127,452	42,207	30,478	-68,760	-70,386	-20,502	27,179
Supplemental Information:
Cash paid for interest
25,518	25,519	24,764	26,015	25,729	25,496	24,223	26,715	25,943	25,857	25,578	25,517	25,618	25,794	26,641	26,586	26,535	25,848	26,245	25,777	28,553	22,587	33,793	28,654	27,929	27,593	31,409	31,010	30,485	36,199	30,250	29,009	29,663	27,455	27,578	20,417	20,811	21,446	21,485	21,773	23,184
Capital improvements used homes acquired by repossessions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	128	317	312	154	211	232	405	378	202	446	867	538	587	599	1,807	-487	2,106	1,887	2,324	109	69	183	-	-	-	-
Net reduction of notes receivable used homes acquired by repossessions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	40	128	317	312	154	211	232	405	378	202	446	4,315	-538	-587	-599	8,819	-7,499	2,106	1,887	2,324	109	69	183	-	-	-	-
Net investment in real estate – reclassification of rental homes
9,319	9,019	6,790	6,931	5,520	7,826	7,577	6,011	9,385	4,880	10,530	8,355	6,967	8,637	10,084	8,729	7,257	7,685	7,059	8,080	5,966	6,613	7,241	5,437	4,203	4,390	4,188	3,349	2,474	519	517	2,531	560	-	-	-	-	-	-	-	-
Other assets, net – reclassification of rental homes
9,319	9,019	6,790	6,931	5,520	7,826	7,577	6,011	9,385	4,880	10,530	8,355	6,967	8,637	10,084	8,729	7,257	7,685	7,059	8,080	5,966	6,613	7,241	5,437	4,203	24,412	-4,188	-3,349	-2,474	7,735	-517	-2,531	-560	-	-	-	-	-	-	-	-
Real estate acquisitions:
Investment in real estate
1,531	8,873	181,453	33,074	25,797	114,203	79,170	23,570	48,186	134,270	0	7,985	0	22,300	0	92,773	7,375	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,406	1,257	1,011
Investment in real estate, cost
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-23,900	11,600	12,300	73,597	-11,816	0	-61,781	-259,530	126,186	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Deferred financing costs, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	464	0	0	-180	-59	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Other assets, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	49	4	-359	-41	0	412	-289	-811	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt assumed
0	0	0	8,004	11,208	0	0	0	9,200	0	0	5,900	0	-	-	-	-	-	-	-	-	49,123	0	0	-14,564	-5,382	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Debt financed
-	-	-	-	-	0	0	0	8,786	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of real estate, net
0	0	0	0	52,507	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
179	-	-	-	1,577	-	-	-	-	-	-	-	-	-	-	-	20	0	408	-204	0	7,114	-532	0	-1,817	-1,523	506	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Commercial Real Estate
1,352	-	-	-	13,012	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate dispositions:
Other liabilities
-	-	-	-	-	-	655	219	271	-	0	32	0	-72	0	1,947	8	0	0	-47	109	3,795	-906	0	-942	-1,157	446	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Real Estate
-	-	-	-	-	102,304	78,515	23,360	29,929	134,389	110	2,053	0	20,041	2,000	68,816	7,387	0	0	11,492	12,195	-	10,419	0	44,226	1,348	116,359	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Real estate dispositions:
Investment in real estate
0	0	0	0	35,572	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,062	0	7,062	-3,531
Notes receivable, net
0	0	0	0	295	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets, net
0	0	0	0	97	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
0	0	0	0	11,175	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-7,256	0	7,256	-3,628
Other liabilities
0	0	0	0	450	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Dealer financing
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1,011
Capital improvements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	222
Net repayment of notes receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-222
Other, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	194	-97
Gain on sale of real estate, net
0	-	-	-	52,507	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Productive Assets
0	-	-	-	77,746	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from Sale of Real Estate
-	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue – upfront payments from membership upgrade sales
Deferred revenue
4,843	4,502	5,730	5,041	3,838	3,222	4,863	3,944	3,162	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Deferred revenue – annual membership subscriptions
Deferred revenue
1,720	-796	-1,627	-24	2,991	-970	-1,781	-305	3,179	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-