DIVERSIFIED HEALTHCARE TRUST SNHNL Cash Flow

Diversified healthcare trust (SNHNL)

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:
Net income
11,143	-50,620	-27,946	-35,816	31,504	-117,182	47,203	124,988	237,405	66,328	35,792	17,402	32,281	42,886	27,902	39,235	31,272	9,543	38,249	36,387	39,789	45,287	37,114	37,656	38,580	72,207	38,124	5,598	35,235	44,636	25,645	33,251	32,352	38,600	29,996	51,048	31,775	33,864	28,078	24,559	29,984
Adjustments to reconcile net income to cash provided by operating activities:
Depreciation and amortization
68,430	69,503	73,368	73,924	72,230	71,935	71,661	72,300	70,339	67,398	66,619	69,669	73,175	72,893	72,344	71,371	71,223	71,549	70,016	62,511	53,707	50,259	50,074	46,703	38,355	38,551	38,476	38,496	38,302	36,969	35,880	35,230	33,377	31,145	28,824	26,935	26,361	23,270	22,505	22,345	22,289
Amortization of debt issuance costs and debt discounts and premiums
1,509	1,440	1,421	1,519	1,652	1,642	1,626	1,542	1,411	1,232	1,247	1,344	1,459	1,457	1,489	1,427	1,356	1,401	1,445	1,446	1,650	1,610	1,698	1,555	1,456	1,483	2,491	1,003	1,065	833	1,470	1,469	1,555	1,561	1,362	1,073	1,071	649	648	641	558
Straight line rental income
1,153	958	1,186	430	1,934	1,720	2,484	3,030	2,993	3,473	3,620	3,436	3,429	4,006	4,292	4,745	4,561	4,300	5,040	5,190	3,509	2,858	2,876	2,355	1,583	1,824	1,558	1,865	1,833	3,601	4,186	3,204	2,858	3,081	2,651	2,856	2,869	-	-	-	-
Amortization of acquired real estate leases and other intangible assets
-1,873	-1,869	-1,842	-1,555	-1,525	-1,497	-1,493	-1,416	-1,381	-1,386	-1,353	-1,319	-1,291	-1,146	-1,237	-1,304	-1,254	-599	-1,085	-1,178	-1,198	-1,212	-1,263	-569	722	863	858	940	995	851	916	-716	546	481	-203	-155	-216	136	223	257	275
Loss on early extinguishment of debt
-25	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Termination of Lease
22,896	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
-	-	-	-	-	0	108	0	-130	0	-274	-7,353	0	-436	-84	0	-6	-425	-21	-39	-1,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
11,234	73,683	33,099	2,213	6,206	61,273	4,525	548	0	-	-	-	-	1,744	4,579	4,961	7,390	-	-	-	-	4,250	-217	-387	721	12,028	0	32,267	1,304	0	0	0	3,071	796	1,028	0	166	-	-	-	-
Gain (Loss) on Sale of Properties
2,782	17,803	4,183	17,832	-122	0	0	80,762	181,154	46,055	0	0	0	-	-	-	-	-	-	-	-	2,901	0	2,396	156	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gains and losses on equity securities, net
-9,943	-	-	-	22,932	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Unrealized gains and losses on equity securities, net
-	-	-	-	-	-	-	23,265	27,241	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other non-cash adjustments
943	943	943	942	943	944	942	943	943	943	942	944	943	944	942	901	985	431	1,204	405	105	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income (Loss) from Equity Method Investments
0	-217	83	130	404	-366	831	7	44	75	31	374	128	30	13	17	77	-50	-25	23	72	28	38	118	-97	115	64	79	76	80	115	76	45	28	28	46	37	16	35	-24	-28
Change in assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-701	173	698	-2,024	-942	1,437	-2,860	-442	27	457	-2,012	2,468	-2,359	529	2,444	-1,945	1,333	-252	3,168	-41	1,457	554	164	-369	433	287	421
Other assets
39,433	-7,933	15,509	-15,232	5,862	-1,657	9,985	-1,645	-3,097	4,807	7,484	-3,193	-3,901	4,538	3,212	-5,538	-664	10,356	6,758	-4,948	7,751	1,433	6,676	-3,925	-3,082	11,620	566	-4,957	3,822	12,987	-3,259	-7,732	-2,987	-18,953	29,414	-1,421	-1,699	-1,805	3,878	3,313	-747
Accrued interest
5,167	-6,231	4,891	-9,824	9,059	-8,545	8,712	-9,060	17,088	-14,198	14,699	-16,036	15,051	-14,659	14,697	-15,195	16,654	-16,688	12,404	-10,726	11,938	-12,509	12,154	-1,498	6,060	-5,924	6,069	-5,901	5,838	-6,261	8,703	-6,289	-2,677	6,348	-4,160	4,030	1,070	1,635	-1,251	3,773	-2,857
Other liabilities
17,941	-7,200	8,749	-6,465	-45,658	-6,534	24,151	12,550	-31,680	20,634	17,951	15,488	-6,001	-12,178	14,125	-2,776	1,821	-6,667	-4,611	24,086	6,828	-11,541	12,578	6,826	771	-8,407	11,508	2,244	-868	-17,536	15,690	6,506	7,234	-8,423	12,815	6,949	5,918	-8,101	8,961	3,166	1,406
Net cash provided by operating activities
56,312	70,175	69,796	84,359	41,515	106,818	106,898	95,090	84,034	84,655	123,152	97,422	114,075	82,085	126,225	93,360	122,811	84,680	104,306	110,989	105,546	69,378	102,521	88,885	90,117	58,523	97,248	77,236	73,696	44,290	92,483	74,155	72,374	86,393	36,112	66,957	64,774	52,388	54,709	54,693	52,009
Cash flows from investing activities:
Real estate acquisitions and deposits
2,526	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Real estate acquisitions and deposits
-	-	-	-	-	1	0	7,272	122,221	125,063	19,081	820	14,326	38,549	1,373	163,499	23,651	1,975	29,028	594,687	509,045	78,930	3,500	1,093,290	50,050	44,528	72,769	2,600	73,406	61,000	131,902	93,594	30,273	286,697	203,597	159,462	147,357	363,361	36,847	24,927	6,362
Real estate improvements
41,045	47,271	39,396	89,513	46,237	37,851	24,892	27,618	13,443	27,503	32,643	26,896	30,171	27,208	23,798	25,484	23,173	14,444	20,661	22,983	12,339	11,557	15,863	20,233	17,101	15,450	14,151	19,404	3,265	20,486	9,630	17,438	2,577	13,982	8,865	15,581	881	-	-	-	-
Investment in Affiliates Insurance Company
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	31	24	20
Proceeds from sale of properties, net
16,930	203,886	16,239	31,187	2,929	0	0	116,376	216,013	55,068	0	0	0	4,687	19,900	8,635	644	27	1,005	1,500	250	8,750	675	15,500	2,400	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-26,641	112,405	75,400	-58,326	-43,308	-37,852	-24,892	81,486	80,349	-97,498	-51,724	-27,716	-44,497	-61,070	-5,271	-180,348	-46,180	-17,090	-48,744	-626,127	-521,134	-81,737	-18,688	-1,098,848	-64,751	30,022	-84,370	-22,004	-76,671	-81,486	-140,491	-73,032	-32,850	-290,679	-251,462	-150,380	-148,238	-397,800	-35,428	-24,951	-6,382
Cash flows from financing activities:
Proceeds from issuance of common shares, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-6	-248	659,750	-	-	-	-	0	0	-46	261,859	-	-	-	-	184,734	247,602	0	-103	-	-	-	-
Proceeds from issuance of senior unsecured notes, net
-	-	-	-	-	0	0	0	491,560	0	0	0	0	0	0	0	250,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	294,657	0	0	247,327	-	-	-	-
Proceeds from borrowings on revolving credit facility
130,500	191,500	73,000	552,000	178,000	110,000	188,000	113,000	316,000	192,000	71,000	407,000	94,000	157,000	165,000	242,000	98,000	332,243	98,000	695,000	515,000	480,000	0	0	90,000	-	-	-	-	160,000	75,000	150,000	284,000	100,000	225,000	320,000	45,000	416,000	12,000	3,000	30,000
Repayments of borrowings on revolving credit facility
83,000	243,000	174,000	87,000	92,000	166,000	57,000	104,000	857,000	67,000	34,000	70,000	324,000	45,000	699,000	54,000	312,000	25,000	245,243	80,000	595,000	400,000	0	145,000	45,000	140,000	20,000	15,000	190,000	25,000	380,000	55,000	19,000	310,000	199,000	161,000	148,000	300,000	0	61,000	32,000
Redemption of senior notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	225,000	-	-	-	-	-	-	-	-
Repayment of other debt
2,466	907	886	43,243	1,309	1,078	98,206	1,666	6,166	10,000	1,488	299,547	2,929	51,216	95,414	21,831	9,957	55,792	3,656	33,991	32,440	41,128	3,103	38,955	3,246	3,110	16,599	13,463	3,199	7,128	204,511	38,982	15,907	2,698	2,472	2,188	2,353	2,213	2,061	2,036	2,196
Loss on early extinguishment of debt settled in cash
221	0	0	0	0	0	20	0	130	0	0	5,485	0	-	-	-	-	0	-75	114	1,409	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment of debt issuance costs
-	-	-	-	-	0	0	0	4,296	9	6,836	0	0	0	3,366	133	8,517	-	-	-	583	-	-	-	-	74	3,004	27	221	422	11,892	225	69	3,887	269	7,627	1,977	840	69	3,169	583
Repurchase of common shares
21	7	259	33	0	4	317	0	90	0	330	11	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from noncontrolling interest, net
-	-	-	-	-	-	-	-	-	118	0	0	255,813	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to noncontrolling interest
5,767	5,289	5,107	5,684	5,503	5,090	5,151	5,114	5,667	5,227	5,104	3,483	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to shareholders
35,684	35,685	35,661	35,659	92,714	92,715	92,681	92,676	92,674	92,676	92,648	92,642	92,642	92,643	92,618	92,614	92,614	92,620	92,585	91,655	79,530	79,515	79,469	73,397	73,386	73,386	73,353	73,349	68,857	68,857	67,061	61,813	61,806	61,805	56,748	52,490	52,486	47,168	45,868	45,865	45,856
Net cash provided by (used in) financing activities
3,341	-193,805	-142,913	-19,619	-13,526	-154,887	-65,375	-90,456	-158,463	17,206	-69,406	-64,168	-69,758	-32,365	-105,814	73,422	-75,088	-91,342	-46,385	489,575	465,788	-40,797	-82,475	1,056,388	-31,632	-101,570	2,044	-56,885	-418	58,593	48,588	-6,020	-37,782	201,001	214,113	96,695	87,408	347,765	-35,998	-9,998	-50,635
Increase (decrease) in cash and cash equivalents and restricted cash
33,012	-11,225	2,283	6,414	-15,319	-85,921	16,631	86,120	5,920	4,363	2,022	5,538	-180	-11,350	15,140	-13,566	1,543	-23,752	9,177	-25,563	50,200	-53,156	1,358	46,425	-6,266	-13,025	14,922	-1,653	-3,393	21,397	580	-4,897	1,742	-3,285	-1,237	13,272	3,944	2,353	-16,717	19,744	-5,008
Supplemental cash flow information:
Interest paid
35,280	48,298	38,949	55,027	35,034	52,534	35,077	52,332	25,053	53,592	24,159	55,492	26,978	56,939	26,937	55,203	21,269	53,330	25,140	47,187	22,354	46,800	22,349	34,055	21,384	32,143	22,426	34,466	22,660	35,242	20,244	32,940	30,011	19,516	27,528	18,258	20,605	18,578	19,630	16,742	21,271
Income taxes paid
0	0	21	400	31	35	0	439	0	-	-	-	-	-	-	-	-	-	-	-	-	3	46	-94	200	64	20	435	81	-	-	-	-	0	8	154	102	13	21	81	144
Non-cash investing activities:
Assumption of mortgage notes payable
-	-	-	-	-	0	0	16,588	27,798	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	1,188	45,695	808	826	2,486	1,073	438	3	1,609	347	582	91	1,481	204	453	0	1,373	234	207	10	1,246	212	590
Acquisitions funded by assumed debt
-	-	-	-	-	0	0	16,588	27,798	0	0	0	0	-	-	-	-	1	12,296	139,181	29,955	-	-	-	-	0	0	0	12,266	-	-	-	-	-	-	-	-	-	-	-	-
Capitalized interest
306	-	-	-	134	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Five Star
Five Star Senior Living Inc. common stock
97,896	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Five Star Senior Living Inc. common stock
97,896	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction Agreement additional consideration
75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transaction Agreement additional consideration
75,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-