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Condensed Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities    
Net income $ 98,198 $ 128,045
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 275,237 250,734
Gain on sale of land (382) 0
Distributions of income from joint ventures 6,250 5,954
Income (Loss) from Equity Method Investments (5,909) [1],[2] (5,954)
Share-based compensation 10,237 12,183
Derivative, Cash Paid on Hedge 0 (20,430)
Net change in operating accounts and other 29,653 37,903
Net cash from operating activities 413,284 408,435
Cash flows from investing activities    
Development and capital improvements, including land (294,409) (300,661)
Acquisition of operating properties 0 (214,233)
Proceeds from sale of land 753 0
Increase in non-real estate assets (6,126) (13,793)
Other 1,693 (797)
Net cash from investing activities (298,089) (529,484)
Cash flows from financing activities    
Borrowings on unsecured credit facility and other short-term borrowings 358,000 1,167,000
Repayments on unsecured credit facility and other short-term borrowings (402,000) (1,167,000)
Repayment of notes payable 0 (440,103)
Proceeds from notes payable 743,103 593,409
Distributions to common shareholders and non-controlling interests (249,223) (236,489)
Proceeds from issuance of common shares 0 328,374
Payment of deferred financing costs (1,036) (6,009)
Other 1,994 1,189
Net cash from financing activities 450,838 240,371
Net increase in cash, cash equivalents, and restricted cash 566,033 119,322
Cash, cash equivalents, and restricted cash, beginning of period 27,499 43,603
Cash, cash equivalents, and restricted cash, end of period 593,532 162,925
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents [Abstract]    
Total cash, cash equivalents, and restricted cash 593,532 162,925
Supplemental information    
Cash paid for interest, net of interest capitalized 56,895 49,793
Cash paid for income taxes 1,920 1,209
Supplemental schedule of noncash investing and financing activities    
Distributions declared but not paid 84,137 80,764
Value of shares issued under benefit plans, net of cancellations 19,538 18,388
Accrual associated with construction and capital expenditures 26,845 18,474
Right-of-use assets obtained in exchange for the use of new operating lease liabilities $ 93 $ 15,666
[1] Equity in income for the nine months ended September 30, 2020 includes our ownership interest of the Resident Relief Funds payments of approximately $0.4 million.
[2] Equity in income excludes our ownership interest of fee income from various services provided by us to the Funds.