XML 39 R8.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Cash Flows From Operating Activities    
Net income $ 218,679 $ 67,057
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 63,614 64,221
Amortization of deferred financing costs 1,853 1,915
Net gains on sales of real estate assets (189,687) (27,468)
Other, net 148 930
Impairment charges 0 400
Equity in income of unconsolidated entities, net (1,408) (1,611)
Distributions of earnings of unconsolidated entities 1,542 2,064
Stock-based compensation 2,957 2,722
Net loss on extinguishment of indebtedness 18,357 0
Changes in assets, decrease (increase) in:    
Other assets 1,325 (612)
Changes in liabilities, increase (decrease) in:    
Accrued interest payable 2,903 3,192
Accounts payable and accrued expenses 9,762 3,989
Security deposits and prepaid rents 290 242
Net cash provided by operating activities 130,335 117,041
Cash Flows From Investing Activities    
Development and construction of real estate assets (51,059) (101,176)
Acquisition of communities 0 (48,399)
Proceeds from sales of real estate assets 331,578 70,173
Capitalized interest (2,345) (3,122)
Property capital expenditures (22,034) (26,081)
Corporate additions and improvements (3,600) (1,225)
Investments in unconsolidated entities (276) 0
Other investments 0 806
Net cash provided by (used in) investing activities 252,264 (109,024)
Cash Flows From Financing Activities    
Lines of credit proceeds 90,463 0
Lines of credit repayments (90,463) 0
Payments on indebtedness (205,564) (2,766)
Payments of financing costs and other (17,322) (292)
Proceeds from employee stock purchase and stock options plans 3,143 2,615
Acquisition of treasury stock 0 (20,064)
Distributions to noncontrolling interests - real estate entities (22,338) (173)
Distributions to noncontrolling interests - common unitholders (147) (120)
Dividends paid to preferred shareholders (2,766) (2,766)
Dividends paid to common shareholders (59,195) (45,282)
Net cash used in financing activities (304,189) (68,848)
Net increase (decrease) in cash and cash equivalents 78,410 (60,831)
Cash and cash equivalents, beginning of period 82,110 118,698
Cash and cash equivalents, end of period 160,520 57,867
Post Apartment Homes, L.P. [Member]
   
Cash Flows From Operating Activities    
Net income 218,679 67,057
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 63,614 64,221
Amortization of deferred financing costs 1,853 1,915
Net gains on sales of real estate assets (189,687) (27,468)
Other, net 148 930
Impairment charges 0 400
Equity in income of unconsolidated entities, net (1,408) (1,611)
Distributions of earnings of unconsolidated entities 1,542 2,064
Stock-based compensation 2,957 2,722
Net loss on extinguishment of indebtedness 18,357 0
Changes in assets, decrease (increase) in:    
Other assets 1,325 (612)
Changes in liabilities, increase (decrease) in:    
Accrued interest payable 2,903 3,192
Accounts payable and accrued expenses 9,762 3,989
Security deposits and prepaid rents 290 242
Net cash provided by operating activities 130,335 117,041
Cash Flows From Investing Activities    
Development and construction of real estate assets (51,059) (101,176)
Acquisition of communities 0 (48,399)
Proceeds from sales of real estate assets 331,578 70,173
Capitalized interest (2,345) (3,122)
Property capital expenditures (22,034) (26,081)
Corporate additions and improvements (3,600) (1,225)
Investments in unconsolidated entities (276) 0
Other investments 0 806
Net cash provided by (used in) investing activities 252,264 (109,024)
Cash Flows From Financing Activities    
Lines of credit proceeds 90,463 0
Lines of credit repayments (90,463) 0
Payments on indebtedness (205,564) (2,766)
Payments of financing costs and other (17,322) (292)
Proceeds from employee stock purchase and stock options plans 3,143 2,615
Acquisition of treasury stock 0 (20,064)
Distributions to noncontrolling interests - real estate entities (22,338) (173)
Distributions to noncontrolling interests - common unitholders (147) (120)
Dividends paid to preferred shareholders (2,766) (2,766)
Dividends paid to common shareholders (59,195) (45,282)
Net cash used in financing activities (304,189) (68,848)
Net increase (decrease) in cash and cash equivalents 78,410 (60,831)
Cash and cash equivalents, beginning of period 82,110 118,698
Cash and cash equivalents, end of period $ 160,520 $ 57,867