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CONSOLIDATED STATEMENTS OF CASH FLOWS OF ERP OPERATING LIMITED PARTNERSHIP (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 708,402 $ 562,804
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 616,201 583,869
Amortization of deferred financing costs 8,664 9,054
Amortization of above/below market lease intangibles (53) 3,294
Amortization of discounts and premiums on debt 10,137 21,360
Amortization of deferred settlements on derivative instruments 14,650 13,893
Amortization of right-of-use assets 9,966  
Impairment   702
Write-off of pursuit costs 4,098 3,125
(Income) loss from investments in unconsolidated entities (66,906) 2,993
Distributions from unconsolidated entities – return on capital 2,486 1,885
Net (gain) loss on sales of real estate properties (269,400) (256,834)
Net (gain) loss on sales of land parcels (2,077) (995)
Net (gain) loss on debt extinguishment 3,381 22,110
Compensation paid with Company Common Shares 20,777 22,270
Changes in assets and liabilities:    
(Increase) decrease in other assets (20,871) (18,550)
Increase (decrease) in accounts payable and accrued expenses 57,822 58,756
Increase (decrease) in accrued interest payable 11,125 11,097
Increase (decrease) in lease liabilities (1,784)  
Increase (decrease) in other liabilities (15,578) 1,190
Increase (decrease) in security deposits 3,140 2,168
Net cash provided by operating activities 1,094,180 1,044,191
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate – acquisitions (1,147,236) (708,092)
Investment in real estate – development/other (137,238) (101,573)
Capital expenditures to real estate (128,335) (138,119)
Non-real estate capital additions (2,139) (3,155)
Interest capitalized for real estate under development (4,801) (4,547)
Proceeds from disposition of real estate, net 692,649 691,526
Investments in unconsolidated entities (9,073) (4,860)
Distributions from unconsolidated entities – return of capital 78,262  
Purchase of investment securities and other investments (269)  
Net cash provided by (used for) investing activities (658,180) (268,820)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt financing costs (12,025) (4,355)
Mortgage notes payable, net:    
Proceeds 295,713  
Lump sum payoffs (723,021) (847,939)
Scheduled principal repayments (4,883) (4,938)
Notes, net:    
Proceeds 1,194,468 497,010
Lump sum payoffs (450,000)  
Line of credit and commercial paper:    
Line of credit proceeds 5,850,000 1,635,000
Line of credit repayments (5,850,000) (1,635,000)
Commercial paper proceeds 13,341,198 9,624,610
Commercial paper repayments (13,486,000) (9,425,000)
Proceeds from (payments on) settlement of derivative instruments (41,616) 1,638
Proceeds from Employee Share Purchase Plan (ESPP) 2,323 3,074
Proceeds from exercise of EQR options 67,066 6,000
Payment of offering costs (789) (27)
Other financing activities, net (49) (48)
Contributions – Noncontrolling Interests – Partially Owned Properties 4,594 125
Contributions – Limited Partners   1
Distributions:    
OP Units – General Partner (620,391) (583,184)
Preference Units (2,318) (2,318)
OP Units – Limited Partners (22,202) (21,040)
Noncontrolling Interests – Partially Owned Properties (6,404) (8,882)
Net cash provided by (used for) financing activities (467,717) (787,383)
Net increase (decrease) in cash and cash equivalents and restricted deposits (31,717) (12,012)
Cash and cash equivalents and restricted deposits, beginning of period 116,313 100,762
Cash and cash equivalents and restricted deposits, end of period 84,596 88,750
Cash and cash equivalents 28,777 32,995
Restricted deposits 55,819 55,755
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 246,410 268,966
Net cash paid for income and other taxes 918 934
Amortization of deferred financing costs:    
Investment in real estate, net 60  
Other assets 1,808 1,809
Mortgage notes payable, net 3,529 4,197
Notes, net 3,387 3,048
Amortization of discounts and premiums on debt:    
Mortgage notes payable, net 8,017 19,394
Notes, net 2,120 1,966
Amortization of deferred settlements on derivative instruments:    
Other liabilities (9) (9)
Accumulated other comprehensive income 14,659 13,902
Write-off of pursuit costs:    
Investment in real estate, net 4,042 3,079
Other assets 48 13
Accounts payable and accrued expenses 8 33
(Income) loss from investments in unconsolidated entities:    
Investments in unconsolidated entities (67,900) 1,973
Other liabilities 994 1,020
Realized/unrealized (gain) loss on derivative instruments:    
Other assets 2,002 (24,021)
Notes, net 2,277 (1,491)
Other liabilities 29,486 1,491
Accumulated other comprehensive income (33,765) 24,021
Investments in unconsolidated entities:    
Investments in unconsolidated entities (6,973) (3,180)
Other liabilities (2,100) (1,680)
Debt financing costs:    
Other assets 145  
Mortgage notes payable, net (2,354)  
Notes, net (10,454) (4,355)
Other liabilities 638  
Right-of-use assets and lease liabilities initial measurement and reclassifications:    
Right-of-use assets (491,010)  
Other assets 184,116  
Lease liabilities 335,096  
Other liabilities (28,202)  
Mortgage Notes Payable, Net [Member]    
Mortgage notes payable, net:    
Net gain (loss) on debt extinguishment (3,381) (22,110)
ERPOP [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income 708,402 562,804
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 616,201 583,869
Amortization of deferred financing costs 8,664 9,054
Amortization of above/below market lease intangibles (53) 3,294
Amortization of discounts and premiums on debt 10,137 21,360
Amortization of deferred settlements on derivative instruments 14,650 13,893
Amortization of right-of-use assets 9,966  
Impairment   702
Write-off of pursuit costs 4,098 3,125
(Income) loss from investments in unconsolidated entities (66,906) 2,993
Distributions from unconsolidated entities – return on capital 2,486 1,885
Net (gain) loss on sales of real estate properties (269,400) (256,834)
Net (gain) loss on sales of land parcels (2,077) (995)
Net (gain) loss on debt extinguishment 3,381 22,110
Compensation paid with Company Common Shares 20,777 22,270
Changes in assets and liabilities:    
(Increase) decrease in other assets (20,871) (18,550)
Increase (decrease) in accounts payable and accrued expenses 57,822 58,756
Increase (decrease) in accrued interest payable 11,125 11,097
Increase (decrease) in lease liabilities (1,784)  
Increase (decrease) in other liabilities (15,578) 1,190
Increase (decrease) in security deposits 3,140 2,168
Net cash provided by operating activities 1,094,180 1,044,191
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in real estate – acquisitions (1,147,236) (708,092)
Investment in real estate – development/other (137,238) (101,573)
Capital expenditures to real estate (128,335) (138,119)
Non-real estate capital additions (2,139) (3,155)
Interest capitalized for real estate under development (4,801) (4,547)
Proceeds from disposition of real estate, net 692,649 691,526
Investments in unconsolidated entities (9,073) (4,860)
Distributions from unconsolidated entities – return of capital 78,262  
Purchase of investment securities and other investments (269)  
Net cash provided by (used for) investing activities (658,180) (268,820)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Debt financing costs (12,025) (4,355)
Mortgage notes payable, net:    
Proceeds 295,713  
Lump sum payoffs (723,021) (847,939)
Scheduled principal repayments (4,883) (4,938)
Notes, net:    
Proceeds 1,194,468 497,010
Lump sum payoffs (450,000)  
Line of credit and commercial paper:    
Line of credit proceeds 5,850,000 1,635,000
Line of credit repayments (5,850,000) (1,635,000)
Commercial paper proceeds 13,341,198 9,624,610
Commercial paper repayments (13,486,000) (9,425,000)
Proceeds from (payments on) settlement of derivative instruments (41,616) 1,638
Proceeds from Employee Share Purchase Plan (ESPP) 2,323 3,074
Proceeds from exercise of EQR options 67,066 6,000
Payment of offering costs (789) (27)
Other financing activities, net (49) (48)
Contributions – Noncontrolling Interests – Partially Owned Properties 4,594 125
Contributions – Limited Partners   1
Distributions:    
OP Units – General Partner (620,391) (583,184)
Preference Units (2,318) (2,318)
OP Units – Limited Partners (22,202) (21,040)
Noncontrolling Interests – Partially Owned Properties (6,404) (8,882)
Net cash provided by (used for) financing activities (467,717) (787,383)
Net increase (decrease) in cash and cash equivalents and restricted deposits (31,717) (12,012)
Cash and cash equivalents and restricted deposits, beginning of period 116,313 100,762
Cash and cash equivalents and restricted deposits, end of period 84,596 88,750
Cash and cash equivalents 28,777 32,995
Restricted deposits 55,819 55,755
SUPPLEMENTAL INFORMATION:    
Cash paid for interest, net of amounts capitalized 246,410 268,966
Net cash paid for income and other taxes 918 934
Amortization of deferred financing costs:    
Investment in real estate, net (60)  
Other assets 1,808 1,809
Mortgage notes payable, net 3,529 4,197
Notes, net 3,387 3,048
Amortization of discounts and premiums on debt:    
Mortgage notes payable, net 8,017 19,394
Notes, net 2,120 1,966
Amortization of deferred settlements on derivative instruments:    
Other liabilities (9) (9)
Accumulated other comprehensive income 14,659 13,902
Write-off of pursuit costs:    
Investment in real estate, net 4,042 3,079
Other assets 48 13
Accounts payable and accrued expenses 8 33
(Income) loss from investments in unconsolidated entities:    
Investments in unconsolidated entities (67,900) 1,973
Other liabilities 994 1,020
Realized/unrealized (gain) loss on derivative instruments:    
Other assets 2,002 (24,021)
Notes, net 2,277 (1,491)
Other liabilities 29,486 1,491
Accumulated other comprehensive income (33,765) 24,021
Investments in unconsolidated entities:    
Investments in unconsolidated entities (6,973) (3,180)
Other liabilities (2,100) (1,680)
Debt financing costs:    
Other assets 145  
Mortgage notes payable, net (2,354)  
Notes, net (10,454) (4,355)
Other liabilities 638  
Right-of-use assets and lease liabilities initial measurement and reclassifications:    
Right-of-use assets (491,010)  
Other assets 184,116  
Lease liabilities 335,096  
Other liabilities (28,202)  
ERPOP [Member] | Mortgage Notes Payable, Net [Member]    
Mortgage notes payable, net:    
Net gain (loss) on debt extinguishment $ (3,381) $ (22,110)