Quarterly report pursuant to Section 13 or 15(d)

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

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Investments in Other Entities — Equity Method - Summarized Balance Sheets and Statements of Income (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Mar. 31, 2021
Dec. 31, 2020
Mar. 31, 2020
Dec. 31, 2019
Assets                
Cash and cash equivalents $ 177,287 $ 152,441 $ 177,287 $ 152,441   $ 193,470   $ 103,189
Receivables, net 16,540   16,540     7,058    
Land, property, and equipment, net 40,738   40,738     29,890    
Loan receivable 4,000   4,000     0    
Total assets [1] 894,430   894,430     817,486    
Liabilities and Stockholders’ Deficit                
Current liabilities 128,088   128,088     114,992    
Stockholders’ deficit 404,582 207,848 404,582 207,848 $ 349,687 330,911 $ 197,961 $ 192,335
Total liabilities, mezzanine equity, and stockholders’ equity 894,430   894,430     817,486    
Statements of Operations                
Revenues 175,638 165,169 351,696 330,274        
Expenses 154,650 152,263 308,926 313,003        
Income from operations 20,988 12,906 42,770 17,271        
Other income 67,886 1,282 69,190 1,384        
Provision for income tax 24,920 31,858 31,696 33,453        
Net loss 59,530 $ 81,001 73,988 83,988        
LaSalle Medical Associates                
Assets                
Cash and cash equivalents 0   0     9,350    
Restricted cash 694   694     691    
Receivables, net 6,300   6,300     3,918    
Other current assets 0   0     881    
Loan receivable 2,250   2,250     2,250    
Total assets 9,244   9,244     17,090    
Liabilities and Stockholders’ Deficit                
Current liabilities 23,101   23,101     21,589    
Stockholders’ deficit (13,857)   (13,857)     (4,499)    
Total liabilities, mezzanine equity, and stockholders’ equity 9,244   9,244     17,090    
Statements of Operations                
Revenues     95,212 92,113        
Expenses     104,570 93,680        
Net loss     (9,358) (1,567)        
531 W. College LLC                
Assets                
Cash and cash equivalents 305   305     648    
Other current assets 0   0     17    
Other assets 172   172     70    
Land, property, and equipment, net 33,693   33,693     33,697    
Total assets 34,170   34,170     34,432    
Liabilities and Stockholders’ Deficit                
Current liabilities 0   0     32    
Stockholders’ deficit 34,170   34,170     34,400    
Total liabilities, mezzanine equity, and stockholders’ equity $ 34,170   34,170     $ 34,432    
Statements of Operations                
Revenues     116 0        
Expenses     344 579        
Income from operations     (228) (579)        
Other income     0 21        
Provision for income tax     2 0        
Net loss     $ (230) $ (558)        
[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 $1,347.6 million and $801.3 million as of June 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 $107.1 million and $111.3 million as of June 30, 2021 and December 31, 2020, respectively. See Note 15 – Variable Interest Entities (VIEs) for further detail.