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CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Noncontrolling Interests
Cumulative Effect, Period of Adoption, Adjustment
[1]
Cumulative Effect, Period of Adoption, Adjustment
Total Stockholders’ Equity
[1]
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Dividends In Excess Of Earnings
[1]
Cumulative Effect, Period of Adoption, Adjusted Balance
Cumulative Effect, Period of Adoption, Adjusted Balance
Total Stockholders’ Equity
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 Noncontrolling Interests
Balance (in shares) at Dec. 31, 2019     505,222                   505,222        
Balance at Dec. 31, 2019 $ 6,667,474 $ 6,085,058 $ 505,222 $ 9,183,892 $ (3,601,199) $ (2,857) $ 582,416 $ (1,524) $ (1,524) $ (1,524) $ 6,665,950 $ 6,083,534 $ 505,222 $ 9,183,892 $ (3,602,723) $ (2,857) $ 582,416
Increase (Decrease) in Stockholders' Equity                                  
Issuance of common stock, net 1,060,000                                
Balance (in shares) at Mar. 31, 2020     538,135                            
Balance at Mar. 31, 2020 7,813,443 7,236,508 $ 538,135 10,213,011 (3,512,143) (2,495) 576,935                    
Balance (in shares) at Dec. 31, 2019     505,222                   505,222        
Balance at Dec. 31, 2019 6,667,474 6,085,058 $ 505,222 9,183,892 (3,601,199) (2,857) 582,416 $ (1,524) $ (1,524) $ (1,524) $ 6,665,950 $ 6,083,534 $ 505,222 $ 9,183,892 $ (3,602,723) $ (2,857) $ 582,416
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 337,589 330,586     330,586   7,003                    
Other comprehensive income (loss) 671 671       671                      
Issuance of common stock, net (in shares)     33,201                            
Issuance of common stock, net 1,065,389 1,065,389 $ 33,201 1,032,188                          
Conversion of DownREIT units to common stock (in shares)     120                            
Conversion of DownREIT units to common stock 0 4,077 $ 120 3,957     (4,077)                    
Repurchase of common stock (in shares)     (279)                            
Repurchase of common stock (9,998) (9,998) $ (279) (9,719)                          
Exercise of stock options (in shares)     54                            
Exercise of stock options 1,806 1,806 $ 54 1,752                          
Amortization of stock-based compensation 10,658 10,658   10,658                          
Common dividends (388,050) (388,050)     (388,050)                        
Distributions to noncontrolling interest (15,294)           (15,294)                    
Balance (in shares) at Jun. 30, 2020     538,318                            
Balance at Jun. 30, 2020 7,668,721 7,098,673 $ 538,318 10,222,728 (3,660,187) (2,186) 570,048                    
Balance (in shares) at Mar. 31, 2020     538,135                            
Balance at Mar. 31, 2020 7,813,443 7,236,508 $ 538,135 10,213,011 (3,512,143) (2,495) 576,935                    
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 55,049 51,506     51,506   3,543                    
Other comprehensive income (loss) 309 309       309                      
Issuance of common stock, net (in shares)     97                            
Issuance of common stock, net 767 767 $ 97 670                          
Conversion of DownREIT units to common stock (in shares)     97                            
Conversion of DownREIT units to common stock 0 3,568 $ 97 3,471     (3,568)                    
Repurchase of common stock (in shares)     (11)                            
Repurchase of common stock (261) (261) $ (11) (250)                          
Amortization of stock-based compensation 5,826 5,826   5,826                          
Common dividends (199,550) (199,550)     (199,550)                        
Distributions to noncontrolling interest (6,862)           (6,862)                    
Balance (in shares) at Jun. 30, 2020     538,318                            
Balance at Jun. 30, 2020 7,668,721 7,098,673 $ 538,318 10,222,728 (3,660,187) (2,186) 570,048                    
Balance (in shares) at Dec. 31, 2020     538,405                            
Balance at Dec. 31, 2020 7,344,572 6,788,345 $ 538,405 10,229,857 (3,976,232) (3,685) 556,227                    
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 431,448 422,068     422,068   9,380                    
Other comprehensive income (loss) 296 296       296                      
Issuance of common stock, net (in shares)     954                            
Issuance of common stock, net 1,044 1,044 $ 954 90                          
Repurchase of common stock (in shares)     (408)                            
Repurchase of common stock (12,480) (12,480) $ (408) (12,072)                          
Exercise of stock options (in shares)     4                            
Exercise of stock options 126 126 $ 4 122                          
Amortization of stock-based compensation 11,557 11,557   11,557                          
Common dividends (326,089) (326,089)     (326,089)                        
Distributions to noncontrolling interest (16,675)           (16,675)                    
Purchase of noncontrolling interests (70) (5)   (5)     (65)                    
Balance (in shares) at Jun. 30, 2021     538,955                            
Balance at Jun. 30, 2021 7,433,729 6,884,862 $ 538,955 10,229,549 (3,880,253) (3,389) 548,867                    
Balance (in shares) at Mar. 31, 2021     538,886                            
Balance at Mar. 31, 2021 7,316,682 6,764,538 $ 538,886 10,223,711 (3,994,562) (3,497) 552,144                    
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 282,025 276,280     276,280   5,745                    
Other comprehensive income (loss) 108 108       108                      
Issuance of common stock, net (in shares)     75                            
Issuance of common stock, net (43) (43) $ 75 (118)                          
Repurchase of common stock (in shares)     (10)                            
Repurchase of common stock (315) (315) $ (10) (305)                          
Exercise of stock options (in shares)     4                            
Exercise of stock options 126 126 $ 4 122                          
Amortization of stock-based compensation 6,144 6,144   6,144                          
Common dividends (161,971) (161,971)     (161,971)                        
Distributions to noncontrolling interest (8,957)           (8,957)                    
Purchase of noncontrolling interests (70) (5)   (5)     (65)                    
Balance (in shares) at Jun. 30, 2021     538,955                            
Balance at Jun. 30, 2021 $ 7,433,729 $ 6,884,862 $ 538,955 $ 10,229,549 $ (3,880,253) $ (3,389) $ 548,867                    
[1] On January 1, 2020, the Company adopted a series of Accounting Standards Updates (“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.