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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Stockholders’ Equity
Noncontrolling Interests
Balance at Dec. 31, 2015 $ 9,746,317 $ 465,488 $ 11,647,039 $ (2,738,414) $ (30,470) $ 9,343,643 $ 402,674
Balance (in shares) at Dec. 31, 2015   465,488          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 639,926     627,747   627,747 12,179
Other comprehensive income (loss) 828       828 828  
Issuance of common stock, net 64,177 $ 2,552 61,625     64,177 0
Issuance of common stock, net (in shares)   2,552          
Conversion of DownREIT units to common stock 0 $ 145 5,948     6,093 (6,093)
Conversion of DownREIT units to common stock (in shares)   145          
Repurchase of common stock (8,685) $ (237) (8,448)     (8,685)  
Repurchase of common stock (in shares)   (237)          
Exercise of stock options 3,473 $ 133 3,340     3,473  
Exercise of stock options (in shares)   133          
Amortization of deferred compensation 22,884   22,884     22,884  
Common dividends (979,542)     (979,542)   (979,542)  
Distribution of QCP, Inc. (3,532,763)   (3,532,763)     (3,532,763)  
Distributions to noncontrolling interests (26,347)   (36)     (36) (26,311)
Issuances of noncontrolling interests 11,834           11,834
Deconsolidation of noncontrolling interests 506   (36) 475   439 67
Purchase of noncontrolling interests (1,300)   (663)     (663) (637)
Balance at Dec. 31, 2016 5,941,308 $ 468,081 8,198,890 (3,089,734) (29,642) 5,547,595 393,713
Balance (in shares) at Dec. 31, 2016   468,081          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 422,634     414,169   414,169 8,465
Other comprehensive income (loss) 5,618       5,618 5,618  
Issuance of common stock, net 27,353 $ 1,402 25,951     27,353  
Issuance of common stock, net (in shares)   1,402          
Conversion of DownREIT units to common stock 0 $ 78 2,411     2,489 (2,489)
Conversion of DownREIT units to common stock (in shares)   78          
Repurchase of common stock (4,785) $ (157) (4,628)     (4,785)  
Repurchase of common stock (in shares)   (157)          
Exercise of stock options 768 $ 32 736     768  
Exercise of stock options (in shares)   32          
Amortization of deferred compensation 14,258   14,258     14,258  
Common dividends (694,955)     (694,955)   (694,955)  
Distributions to noncontrolling interests (26,129)           (26,129)
Issuances of noncontrolling interests 1,615           1,615
Deconsolidation of noncontrolling interests (58,062)           (58,062)
Purchase of noncontrolling interests (34,685)   (11,505)     (11,505) (23,180)
Balance at Dec. 31, 2017 5,594,938 $ 469,436 8,226,113 (3,370,520) (24,024) 5,301,005 293,933
Balance (in shares) at Dec. 31, 2017   469,436          
Increase (Decrease) in Stockholders' Equity              
Impact of adoption of ASU No. 2017-05 [1] 79,144     79,144   79,144  
Adjusted balance 5,674,082 $ 469,436 8,226,113 (3,291,376) (24,024) 5,380,149 293,933
Net income (loss) 1,073,474     1,061,093   1,061,093 12,381
Other comprehensive income (loss) 19,316       19,316 19,316  
Issuance of common stock, net 215,179 $ 8,078 207,101     215,179  
Issuance of common stock, net (in shares)   8,078          
Conversion of DownREIT units to common stock 0 $ 3 133     136 $ (136)
Conversion of DownREIT units to common stock (in shares)   3         7,000
Repurchase of common stock (3,432) $ (141) (3,291)     (3,432)  
Repurchase of common stock (in shares)   (141)          
Exercise of stock options 2,477 $ 120 2,357     2,477  
Exercise of stock options (in shares)   120          
Amortization of deferred compensation 16,563   16,563     16,563  
Common dividends (696,913)     (696,913)   (696,913)  
Distributions to noncontrolling interests (18,415)           $ (18,415)
Issuances of noncontrolling interests 299,666           299,666
Purchase of noncontrolling interests (69,406)   (50,129)     (50,129) (19,277)
Balance at Dec. 31, 2018 $ 6,512,591 $ 477,496 $ 8,398,847 $ (2,927,196) $ (4,708) $ 5,944,439 $ 568,152
Balance (in shares) at Dec. 31, 2018   477,496          
[1] On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2017-05, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”), and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.