Net income
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|
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(Gain) loss from disposition of real estate
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|
|
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Gain from insurance settlement
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NA
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|
Loss from early extinguishment of debt
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|
|
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Provision for impairment
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Depreciation and amortization
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Amortization of deferred financing costs and debt premiums/discounts
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Share-based compensation
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Income tax provision
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Amortization of interest rate swap terminations and other
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|
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Termination of interest rate swaps
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|
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NA
|
|
Changes in operating assets and liabilities
|
Student contracts receivable, net
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Other assets
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Accounts payable and accrued expenses
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Other liabilities
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Net cash provided by operating activities
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Proceeds from disposition of properties and land parcels
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|
|
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|
Cash paid for acquisition of properties and land parcels
|
NA
|
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|
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|
Capital expenditures for owned properties
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|
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|
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Investments in owned properties under development
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|
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Capital expenditures for on-campus participating properties
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Other investing activities
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Net cash used in investing activities
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|
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Proceeds from unsecured notes
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|
|
|
|
|
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Proceeds from sale of common stock
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NA
|
|
|
|
|
|
Offering costs
|
NA
|
|
|
|
|
|
Pay-off of mortgage and construction loans
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|
|
|
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Costs paid related to early extinguishment of debt
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|
|
|
|
|
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Pay-off of unsecured term loans
|
NA
|
|
|
|
|
|
Proceeds from unsecured term loans
|
NA
|
|
|
|
|
|
Pay-off of unsecured notes
|
|
NA
|
NA
|
NA
|
NA
|
|
Proceeds from revolving credit facility
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|
|
|
|
|
|
Paydowns of revolving credit facility
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|
|
|
|
|
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Proceeds from construction loans
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|
|
|
|
|
|
Proceeds from mortgage loans
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NA
|
|
|
|
|
|
Scheduled principal payments on debt
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|
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|
|
|
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Debt issuance costs
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|
|
|
|
|
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Termination of interest rate swaps
|
NA
|
NA
|
NA
|
NA
|
|
|
Increase in ownership of consolidated subsidiary
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|
|
|
|
|
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Contribution by noncontrolling interests
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|
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Taxes paid on net-share settlements
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Distributions paid to common and restricted stockholders
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Distributions paid to noncontrolling interests
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Net cash (used in) provided by financing activities
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|
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Net change in cash, cash equivalents, and restricted cash
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|
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Cash, cash equivalents, and restricted cash at beginning of period
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Cash, cash equivalents, and restricted cash at end of period
|
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Cash and cash equivalents
|
|
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|
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Restricted cash
|
|
|
|
|
|
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Total cash, cash equivalents, and restricted cash at end of period
|
|
|
|
|
|
|
Loans associated with investment in joint ventures
|
NA
|
|
|
|
|
|
Conversion of common and preferred operating partnership units to common stock
|
|
|
|
|
|
|
Non-cash contribution from noncontrolling interest
|
NA
|
|
|
|
|
|
Non-cash consideration exchanged in purchase of land parcel
|
NA
|
|
|
|
|
|
Change in accrued construction in progress
|
NA
|
NA
|
NA
|
NA
|
|
|
Accrued development costs and capital expenditures
|
|
|
|
|
NA
|
|
Change in fair value of derivative instruments, net
|
|
|
|
|
|
|
Change in fair value of redeemable noncontrolling interest
|
|
|
|
|
|
|
Change in ownership of consolidated subsidiary
|
NA
|
|
|
|
|
|
Initial recognition of operating lease right of use assets
|
|
|
|
|
NA
|
|
Initial recognition of operating lease liabilities
|
|
|
|
|
NA
|
|
Non-cash extinguishment of debt, including accrued interest
|
NA
|
|
|
|
NA
|
|
Net assets surrendered in conjunction with extinguishment of debt
|
NA
|
|
|
|
NA
|
|
Interest paid
|
|
|
|
|
|
|
Income taxes paid
|
NA
|
|
|
|
|
|