Lifetime Fitness 2011 Annual Report Download - page 63

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LIFE TIME FITNESS, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
(Table amounts in thousands, except share and per share data)
57
Supplemental Cash Flow Information — Decreases (increases) in operating assets and increases (decreases) in
operating liabilities are as follows:
Accounts receivable
Income tax receivable
Center operating supplies and inventories
Prepaid expenses and other current assets
Deferred membership origination costs
Other assets
Accounts payable
Accrued expenses
Deferred revenue
Deferred rent liability
Other liabilities
Changes in operating assets and liabilities
For the Year Ended December 31,
2011
$(565)
4,894
(3,423)
(9,150)
1,322
—
3,324
8,853
1,988
3,040
(6)
$ 10,277
2010
$(1,773)
(9,916)
(2,637)
729
7,015
—
4,703
5,082
(8,504)
3,139
955
($1,207)
2009
$ 1,762
—
11
1,126
5,093
(1,564)
349
2,167
(4,025)
1,123
(16,993)
($10,951)
Our capital expenditures were as follows:
Cash purchases of property and equipment
Non-cash property and equipment purchases financed
through capital lease obligations
Non-cash property purchases in construction accounts payable
Other changes to property and equipment
Total capital expenditures
For the Year Ended December 31,
2011
$ 165,335
—
(2,450)
839
$ 163,724
2010
$ 131,671
—
14,327
319
$ 146,317
2009
$ 146,632
31
(53,789)
385
$ 93,259
We made cash payments for income taxes for each of the three years ended December 31, 2011, 2010 and 2009 of
$48.4 million, $56.1 million and $41.3 million, respectively.
We made cash payments for interest, net of capitalized interest, for each of the three years ended December 31,
2011, 2010 and 2009 of $17.7 million, $24.9 million and $29.9 million, respectively. Capitalized interest was $1.2
million, $2.8 million and $3.6 million during those same periods, respectively.
Construction accounts payable and accounts payable related to property and equipment was $21.9 million at
December 31, 2011 and $20.5 million at December 31, 2010.
In December 2011, we acquired the land and building of six of our existing centers we had previously leased. The
acquisition was financed by borrowings from our credit facility and the assumption of a securitized commercial
mortgage-backed loan of approximately $72.1 million (see Note 4), which approximates fair value, based on an
independent assessment.