Quarterly report pursuant to Section 13 or 15(d)

Investments in Other Entities ??? Equity Method - Summarized Balance Sheets and Statements of Income (Details)

v3.21.2
Investments in Other Entities — Equity Method - Summarized Balance Sheets and Statements of Income (Details) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Jun. 30, 2020
Mar. 31, 2020
Dec. 31, 2019
Assets                    
Cash and cash equivalents $ 204,768 $ 166,082 $ 204,768 $ 166,082     $ 193,470     $ 103,189
Receivables, net 18,753   18,753       7,058      
Land, property, and equipment, net 49,280   49,280       29,890      
Loan receivable 4,000   4,000       0      
Total assets [1] 871,294   871,294       817,486      
Liabilities and Stockholders’ Deficit                    
Current liabilities 116,759   116,759       114,992      
Stockholders’ deficit 440,321 229,418 440,321 229,418 $ 404,582 $ 349,687 330,911 $ 207,848 $ 197,961 $ 192,335
Total liabilities, mezzanine equity, and stockholders’ equity 871,294   871,294       817,486      
Statements of Operations                    
Revenues 227,117 180,123 578,815 510,397            
Expenses 173,957 142,767 482,884 455,770            
Income from operations 53,160 37,356 95,931 54,627            
Other income 500 130 (14,080) 1,514            
Provision for income tax (120) 10,751 31,575 44,204            
Net (loss) income (5,385) $ 25,424 68,603 109,412            
LaSalle Medical Associates                    
Assets                    
Cash and cash equivalents 2,150   2,150       9,350      
Restricted cash 695   695       691      
Receivables, net 6,178   6,178       3,918      
Other current assets 0   0       881      
Loan receivable 2,250   2,250       2,250      
Total assets 11,273   11,273       17,090      
Liabilities and Stockholders’ Deficit                    
Current liabilities 27,141   27,141       21,589      
Stockholders’ deficit (15,868)   (15,868)       (4,499)      
Total liabilities, mezzanine equity, and stockholders’ equity 11,273   11,273       17,090      
Statements of Operations                    
Revenues     144,417 138,490            
Expenses     155,786 138,233            
Net (loss) income     (11,369) 257            
531 W. College LLC                    
Assets                    
Cash and cash equivalents 266   266       648      
Other current assets 25   25       17      
Other assets 122   122       70      
Land, property, and equipment, net 33,689   33,689       33,697      
Total assets 34,102   34,102       34,432      
Liabilities and Stockholders’ Deficit                    
Current liabilities 0   0       32      
Stockholders’ deficit 34,102   34,102       34,400      
Total liabilities, mezzanine equity, and stockholders’ equity $ 34,102   34,102       $ 34,432      
Statements of Operations                    
Revenues     181 0            
Expenses     476 828            
Income from operations     (295) (828)            
Other income     0 32            
Provision for income tax     2 3            
Net (loss) income     $ (297) $ (799)            
[1] The Company’s consolidated balance sheets include the assets and liabilities of its consolidated VIEs. The consolidated balance sheets include total assets that can be used only to settle obligations of the Company’s consolidated VIEs totaling $601.8 million and $576.1 million as of September 30, 2021 and December 31, 2020, respectively, and total liabilities of the Company’s consolidated VIEs for which creditors do not have recourse to the general credit of the primary beneficiary of $92.8 million and $88.6 million as of September 30, 2021 and December 31, 2020, respectively. The VIE balances do not include $994.8 million of investment in affiliates and $15.8 million of amounts due from affiliates as of September 30, 2021 and $225.1 million of investment in affiliates and $22.7 million of amounts due to affiliates as of December 31, 2020 as these are eliminated upon consolidation and not presented within the consolidated balance sheets. See Note 16 – Variable Interest Entities (VIEs) for further detail.