THE NHP FOUNDATION AND ITS AFFILIATED ENTITIES CONSOLIDATED STATEMENTS OF CASH FLOWS - CONTINUED Years ended December 31, 2017 and 2016 __________
2017
2016
SUPPLEMENTAL CASH FLOW INFORMATION: Cash paid for interest, net of amount capitalized
$
10,722,467
$
8,634,965
SIGNIFICANT NONCASH INVESTING AND FINANCING ACTIVITIES: Equity transfer in $
(54,316,992)
$
-
Accounts payable and accrued expenses, relating to construction costs included in land buildings,
improvements and equipment
$
11,263,404
$
4,593,865
Mortgage proceeds included in land, buildings, improvements and equipment
$
-
$
2,899,397
Cash and cash equivalents
$
44,889,762
$
13,229,779
Restricted cash
734,448
11,299
$
45,624,210
$
13,241,078
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