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CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)
12 Months Ended
Dec. 31, 2011
Dec. 31, 2010
Dec. 31, 2009
Cash flows from operating activities:      
Net income $ 441,370,000 $ 174,079,000 $ 154,274,000
Adjustments to reconcile net income to cash provided by operating activities:      
Depreciation expense 246,666,000 227,878,000 204,481,000
Depreciation expense from discontinued operations 3,603,000 5,064,000 13,805,000
Amortization of deferred financing costs and debt premium/discount 5,834,000 7,723,000 8,139,000
Amortization of stock-based compensation 7,244,000 5,938,000 6,098,000
Equity in (income) loss of unconsolidated entities and noncontrolling interests, net of eliminations 2,246,000 1,852,000 (810,000)
Impairment loss 14,052,000   21,152,000
Abandonment of development pursuit     2,461,000
Loss on extinguishment of debt, net 5,820,000   25,910,000
Gain on sale of real estate assets (294,806,000) (74,074,000) (68,717,000)
Expensed acquisition costs 1,010,000    
Increase in cash in operating escrows (7,702,000) (4,996,000) (2,434,000)
(Increase) decrease in resident security deposits, prepaid expenses and other assets (4,991,000) (15,234,000) 372,000
Increase in accrued expenses, other liabilities and accrued interest payable 9,045,000 3,876,000 11,850,000
Net cash provided by operating activities 429,391,000 332,106,000 376,581,000
Cash flows from investing activities:      
Development/redevelopment of real estate assets including land acquisitions and deferred development costs (640,778,000) (429,853,000) (560,155,000)
Acquisition of communities (46,275,000)    
Capital expenditures - existing real estate assets (41,851,000) (16,772,000) (11,114,000)
Capital expenditures - non-real estate assets (8,281,000) (420,000) (834,000)
Proceeds from exchange/sale of real estate, net of selling costs 310,228,000 194,009,000 189,417,000
Increase (decrease) in payables for construction 2,342,000 (15,190,000) (14,740,000)
Decrease in cash in construction escrows 14,109,000 42,329,000 77,754,000
Acquisition of mortgage note (1,701,000) (24,000,000)  
Increase in investments in unconsolidated real estate entities (30,934,000) (49,039,000) (13,887,000)
Net cash used in investing activities (443,141,000) (298,936,000) (333,559,000)
Cash flows from financing activities:      
Issuance of common stock 1,049,835,000 381,365,000 108,860,000
Dividends paid (318,231,000) (298,090,000) (283,710,000)
Net repayments under unsecured credit facility     (124,000,000)
Issuance of mortgage notes payable and draws on construction loans     741,140,000
Repayments of mortgage notes payable (200,166,000) (69,327,000) (65,229,000)
Issuance of unsecured notes   250,000,000 500,000,000
Repayment of unsecured notes (189,900,000) (89,576,000) (868,564,000)
Payment of deferred financing costs (5,996,000) (6,524,000) (12,523,000)
Redemption of units for cash by minority partners (25,000)   (202,000)
Acquisition of joint venture partner equity interest (9,070,000)    
Distributions to DownREIT partnership unitholders (20,000) (61,000) (57,000)
Distributions to joint venture and profit-sharing partners (194,000) (222,000)  
Net cash provided by (used in) financing activities 326,233,000 167,565,000 (4,285,000)
Net increase in cash and cash equivalents 312,483,000 200,735,000 38,737,000
Cash and cash equivalents, beginning of year 304,407,000 103,672,000 64,935,000
Cash and cash equivalents, end of year 616,890,000 304,407,000 103,672,000
Cash paid during the year for interest, net of amount capitalized $ 156,898,000 $ 157,014,000 $ 168,651,000