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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
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Dividends In Excess Of Earnings
Cumulative Effect, Period of Adoption, Adjustment
Total Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjusted Balance
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Cumulative Dividends In Excess Of Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Total Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjusted Balance
Noncontrolling Interests
Balance at Dec. 31, 2017 $ 5,594,938 $ 469,436 $ 8,226,113 $ (3,370,520) $ (24,024) $ 5,301,005 $ 293,933 $ 79,144 [1] $ 79,144 [1] $ 79,144 [1] $ 5,674,082 $ 469,436 $ 8,226,113 $ (3,291,376) $ (24,024) $ 5,380,149 $ 293,933
Balance (in shares) at Dec. 31, 2017   469,436                   469,436          
Increase (Decrease) in Stockholders' Equity                                  
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                              
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) 5,944,439 568,152 590 [2] 590 [2] 590 [2] 6,513,181 $ 477,496 8,398,847 (2,926,606) (4,708) 5,945,029 568,152
Balance (in shares) at Dec. 31, 2018   477,496                   477,496          
Increase (Decrease) in Stockholders' Equity                                  
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201602Member                                
Net income (loss) $ 60,061     45,530   45,530 14,531                    
Other comprehensive income (loss) 1,851       1,851 1,851                      
Issuance of common stock, net 791,048 $ 27,523 763,525     791,048                      
Issuance of common stock, net (in shares)   27,523                              
Conversion of DownREIT units to common stock 0 $ 213 4,932     5,145 (5,145)                    
Conversion of DownREIT units to common stock (in shares)   213                              
Repurchase of common stock (5,043) $ (162) (4,881)     (5,043)                      
Repurchase of common stock (in shares)   (162)                              
Exercise of stock options 4,538 $ 152 4,386     4,538                      
Exercise of stock options (in shares)   152                              
Amortization of deferred compensation 18,162   18,162     18,162                      
Common dividends (720,123)     (720,123)   (720,123)                      
Distributions to noncontrolling interests (28,301)           (28,301)                    
Issuances of noncontrolling interests 33,318           33,318                    
Purchase of noncontrolling interests (1,218)   (1,079)     (1,079) (139)                    
Balance at Dec. 31, 2019 $ 6,667,474 $ 505,222 9,183,892 (3,601,199) (2,857) 6,085,058 582,416 $ (1,524) [3] $ (1,524) [3] $ (1,524) [3] $ 6,665,950 $ 505,222 $ 9,183,892 $ (3,602,723) $ (2,857) $ 6,083,534 $ 582,416
Balance (in shares) at Dec. 31, 2019   505,222                   505,222          
Increase (Decrease) in Stockholders' Equity                                  
Accounting Standards Update [Extensible List] us-gaap:AccountingStandardsUpdate201613Member                                
Net income (loss) $ 428,253     413,563   413,563 14,690                    
Other comprehensive income (loss) (828)       (828) (828)                      
Issuance of common stock, net 1,067,071 $ 33,307 1,033,764     1,067,071                      
Issuance of common stock, net (in shares)   33,307                              
Conversion of DownREIT units to common stock 0 $ 120 3,957     4,077 $ (4,077)                    
Conversion of DownREIT units to common stock (in shares)   120         7,000                    
Repurchase of common stock (10,529) $ (298) (10,231)     (10,529)                      
Repurchase of common stock (in shares)   (298)                              
Exercise of stock options 1,806 $ 54 1,752     1,806                      
Exercise of stock options (in shares)   54                              
Amortization of deferred compensation 20,534   20,534     20,534                      
Common dividends (787,072)     (787,072)   (787,072)                      
Distributions to noncontrolling interests (36,994)           $ (36,994)                    
Purchase of noncontrolling interests (3,619)   (3,811)     (3,811) 192                    
Balance at Dec. 31, 2020 $ 7,344,572 $ 538,405 $ 10,229,857 $ (3,976,232) $ (3,685) $ 6,788,345 $ 556,227                    
Balance (in shares) at Dec. 31, 2020   538,405                              
[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.
[2] On January 1, 2019, the Company adopted a series of ASUs related to accounting for leases, and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.
[3] On January 1, 2020, the Company adopted a series of ASUs related to accounting for credit losses and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.