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CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - 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 $ 6,658,859 $ 6,076,443 $ 505,222 $ 9,175,277 $ (3,601,199) $ (2,857) $ 582,416 $ (1,524) $ (1,524) $ (1,524) $ 6,657,335 $ 6,074,919 $ 505,222 $ 9,175,277 $ (3,602,723) $ (2,857) $ 582,416
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 278,008 267,169     267,169   10,839                    
Other comprehensive income (loss) (379) (379)       (379)                      
Issuance of common stock, net (in shares)     33,248                            
Issuance of common stock, net 1,065,900 1,065,900 $ 33,248 1,032,652                          
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)     (289)                            
Repurchase of common stock (10,273) (10,273) $ (289) (9,984)                          
Exercise of stock options (in shares)     54                            
Exercise of stock options 1,806 1,806 $ 54 1,752                          
Amortization of stock-based compensation 15,817 15,817   15,817                          
Common dividends (587,596) (587,596)     (587,596)                        
Distributions to noncontrolling interests (22,925)           (22,925)                    
Adjustments to redemption value of redeemable noncontrolling interests (35,502) (35,502)   (35,502)                          
Balance (in shares) at Sep. 30, 2020     538,355                            
Balance at Sep. 30, 2020 7,362,191 6,795,938 $ 538,355 10,183,969 (3,923,150) (3,236) 566,253                    
Beginning balance at Dec. 31, 2019 11,106                   $ 11,106            
Increase (Decrease) in Redeemable Noncontrolling Interests                                  
Distributions to noncontrolling interests (32)                                
Contributions from noncontrolling interests 274                                
Adjustments to redemption value of redeemable noncontrolling interests 35,502                                
Ending balance at Sep. 30, 2020 46,850                                
Balance (in shares) at Jun. 30, 2020     538,318                            
Balance at Jun. 30, 2020 7,637,256 7,067,208 $ 538,318 10,191,263 (3,660,187) (2,186) 570,048                    
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) (59,581) (63,417)     (63,417)   3,836                    
Other comprehensive income (loss) (1,050) (1,050)       (1,050)                      
Issuance of common stock, net (in shares)     47                            
Issuance of common stock, net 511 511 $ 47 464                          
Repurchase of common stock (in shares)     (10)                            
Repurchase of common stock (275) (275) $ (10) (265)                          
Amortization of stock-based compensation 5,159 5,159   5,159                          
Common dividends (199,546) (199,546)     (199,546)                        
Distributions to noncontrolling interests (7,631)           (7,631)                    
Adjustments to redemption value of redeemable noncontrolling interests (12,652) (12,652)   (12,652)                          
Balance (in shares) at Sep. 30, 2020     538,355                            
Balance at Sep. 30, 2020 7,362,191 6,795,938 $ 538,355 10,183,969 (3,923,150) (3,236) 566,253                    
Beginning balance at Jun. 30, 2020 34,054                                
Increase (Decrease) in Redeemable Noncontrolling Interests                                  
Distributions to noncontrolling interests (13)                                
Contributions from noncontrolling interests 157                                
Adjustments to redemption value of redeemable noncontrolling interests 12,652                                
Ending balance at Sep. 30, 2020 46,850                                
Balance (in shares) at Dec. 31, 2020     538,405                            
Balance at Dec. 31, 2020 7,289,950 6,733,723 $ 538,405 10,175,235 (3,976,232) (3,685) 556,227                    
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 493,331 476,779     476,779   16,552                    
Other comprehensive income (loss) 404 404       404                      
Issuance of common stock, net (in shares)     974                            
Issuance of common stock, net 1,422 1,422 $ 974 448                          
Repurchase of common stock (in shares)     (410)                            
Repurchase of common stock (12,553) (12,553) $ (410) (12,143)                          
Exercise of stock options (in shares)     97                            
Exercise of stock options 3,291 3,291 $ 97 3,194                          
Amortization of stock-based compensation 17,224 17,224   17,224                          
Common dividends (488,084) (488,084)     (488,084)                        
Distributions to noncontrolling interests (24,277)           (24,277)                    
Purchase of noncontrolling interests (70) (5)   (5)     (65)                    
Adjustments to redemption value of redeemable noncontrolling interests (61,841) (61,841)   (61,841)                          
Balance (in shares) at Sep. 30, 2021     539,066                            
Balance at Sep. 30, 2021 7,218,797 6,670,360 $ 539,066 10,122,112 (3,987,537) (3,281) 548,437                    
Beginning balance at Dec. 31, 2020 57,396                                
Increase (Decrease) in Redeemable Noncontrolling Interests                                  
Net income (loss) 23                                
Distributions to noncontrolling interests (95)                                
Contributions from noncontrolling interests 426                                
Adjustments to redemption value of redeemable noncontrolling interests 61,841                                
Ending balance at Sep. 30, 2021 119,591                                
Balance (in shares) at Jun. 30, 2021     538,955                            
Balance at Jun. 30, 2021 7,351,410 6,802,543 $ 538,955 10,147,230 (3,880,253) (3,389) 548,867                    
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 61,883 54,711     54,711   7,172                    
Other comprehensive income (loss) 108 108       108                      
Issuance of common stock, net (in shares)     20                            
Issuance of common stock, net 378 378 $ 20 358                          
Repurchase of common stock (in shares)     (2)                            
Repurchase of common stock (73) (73) $ (2) (71)                          
Exercise of stock options (in shares)     93                            
Exercise of stock options 3,166 3,166 $ 93 3,073                          
Amortization of stock-based compensation 5,666 5,666   5,666                          
Common dividends (161,995) (161,995)     (161,995)                        
Distributions to noncontrolling interests (7,602)           (7,602)                    
Adjustments to redemption value of redeemable noncontrolling interests (34,144) (34,144)   (34,144)                          
Balance (in shares) at Sep. 30, 2021     539,066                            
Balance at Sep. 30, 2021 7,218,797 $ 6,670,360 $ 539,066 $ 10,122,112 $ (3,987,537) $ (3,281) $ 548,437                    
Beginning balance at Jun. 30, 2021 85,367                                
Increase (Decrease) in Redeemable Noncontrolling Interests                                  
Net income (loss) 23                                
Distributions to noncontrolling interests (43)                                
Contributions from noncontrolling interests 100                                
Adjustments to redemption value of redeemable noncontrolling interests 34,144                                
Ending balance at Sep. 30, 2021 $ 119,591                                
[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.