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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 162,477 $ 89,633
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 336,946 253,890
Amortization of discount on marketable securities (9,012) (6,555)
Amortization of (premium) discount and debt financing costs, net (15,064) (4,987)
Gain on sale of marketable securities and other investments (598) (886)
Company's share of gain on the sales of co-investments (469) (3,211)
Earnings from co-investments (15,493) (17,854)
Operating distributions from co-investments 28,632 20,122
Gains on the sales of real estate and land (7,112) (38,853)
Non cash merger and integration expenses 0 7,562
Equity-based compensation 5,511 4,996
Gain on remeasurement of co-investments (34,014) 0
Changes in operating assets and liabilities:    
Prepaid expense, receivables and other assets (1,851) 8,923
Accounts payable and accrued liabilities 36,480 43,988
Other liabilities 1,475 1,393
Net cash provided by operating activities 487,908 358,161
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (327,799) (438,088)
Redevelopment (66,783) (55,921)
Development acquisitions of and additions to real estate under development (138,101) (108,659)
Capital expenditures on rental properties (42,809) (21,074)
Acquisition of membership interest in co-investments (115,724) 0
Proceeds from insurance for property losses 12,044 29,160
Proceeds from dispositions of real estate 74,485 61,331
BRE merger consideration paid 0 (555,826)
Proceeds from dispositions of co-investments 31,556 13,900
Contributions to co-investments (119,120) (128,268)
Changes in restricted cash and refundable deposits 38,282 (39,482)
Purchases of marketable securities (14,300) (15,516)
Sales and maturities of marketable securities and other investments 7,566 6,275
Collections of notes and other receivables 0 76,585
Non-operating distributions from co-investments 382 23,248
Net cash used in investing activities (660,321) (1,152,335)
Cash flows from financing activities:    
Borrowings under debt agreements 1,068,032 1,737,322
Repayment of debt (924,844) (1,327,840)
Additions to deferred charges (4,320) (16,941)
Net proceeds from issuance of common stock 307,835 449,464
Net proceeds from stock options exercises 22,173 6,526
Distributions to noncontrolling interest (15,789) (13,217)
Redemption of noncontrolling interest (2,621) (4,707)
Common and preferred stock dividends paid (272,000) (177,400)
Net cash provided by financing activities 178,466 653,207
Cash acquired from the BRE merger 0 140,353
Cash acquired in consolidation of co-investment 4,005 0
Net increase (decrease) in cash and cash equivalents 10,058 (614)
Cash and cash equivalents at beginning of period 25,610 18,491
Cash and cash equivalents at end of period 35,668 17,877
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of $12.2 million and $17.8 million capitalized in 2015 and 2014, respectively 135,736 93,342
Supplemental disclosure of noncash investing and financing activities:    
Issuance of Operating Partnership units for contributed properties 0 1,419,816
Retirement of Operating Partnership units 0 (1,419,816)
Transfer from real estate under development to rental properties 308,069 71,496
Transfer from real estate under development to co-investments 5,913 81,332
Reclassifications of and changes in redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 1,333 18,764
Debt assumed in connection with acquisition of co-investment 114,435 0
Essex Portfolio, L.P. [Member]    
Cash flows from operating activities:    
Net income 162,477 89,633
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 336,946 253,890
Amortization of discount on marketable securities (9,012) (6,555)
Amortization of (premium) discount and debt financing costs, net (15,064) (4,987)
Gain on sale of marketable securities and other investments (598) (886)
Company's share of gain on the sales of co-investments (469) (3,211)
Earnings from co-investments (15,493) (17,854)
Operating distributions from co-investments 28,632 20,122
Gains on the sales of real estate and land (7,112) (38,853)
Non cash merger and integration expenses 0 7,562
Equity-based compensation 5,511 4,996
Gain on remeasurement of co-investments (34,014) 0
Changes in operating assets and liabilities:    
Prepaid expense, receivables and other assets (1,851) 8,923
Accounts payable and accrued liabilities 36,480 43,988
Other liabilities 1,475 1,393
Net cash provided by operating activities 487,908 358,161
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (327,799) (438,088)
Redevelopment (66,783) (55,921)
Development acquisitions of and additions to real estate under development (138,101) (108,659)
Capital expenditures on rental properties (42,809) (21,074)
Acquisition of membership interest in co-investments (115,724) 0
Proceeds from insurance for property losses 12,044 29,160
Proceeds from dispositions of real estate 74,485 61,331
BRE merger consideration paid 0 (555,826)
Proceeds from dispositions of co-investments 31,556 13,900
Contributions to co-investments (119,120) (128,268)
Changes in restricted cash and refundable deposits 38,282 (39,482)
Purchases of marketable securities (14,300) (15,516)
Sales and maturities of marketable securities and other investments 7,566 6,275
Collections of notes and other receivables 0 76,585
Non-operating distributions from co-investments 382 23,248
Net cash used in investing activities (660,321) (1,152,335)
Cash flows from financing activities:    
Borrowings under debt agreements 1,068,032 1,737,322
Repayment of debt (924,844) (1,327,840)
Additions to deferred charges (4,320) (16,941)
Net proceeds from issuance of common stock 307,835 449,464
Net proceeds from stock options exercises 22,173 6,526
Distributions to noncontrolling interest (6,455) (3,462)
Redemption of noncontrolling interest (2,621) (308)
Common and preferred stock dividends paid (281,334) (191,554)
Net cash provided by financing activities 178,466 653,207
Cash acquired from the BRE merger 0 140,353
Cash acquired in consolidation of co-investment 4,005 0
Net increase (decrease) in cash and cash equivalents 10,058 (614)
Cash and cash equivalents at beginning of period 25,610 18,491
Cash and cash equivalents at end of period 35,668 17,877
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of $12.2 million and $17.8 million capitalized in 2015 and 2014, respectively 135,736 93,342
Supplemental disclosure of noncash investing and financing activities:    
Issuance of Operating Partnership units for contributed properties 0 1,419,816
Retirement of Operating Partnership units 0 (1,419,816)
Transfer from real estate under development to rental properties 308,069 71,496
Transfer from real estate under development to co-investments 5,913 81,332
Reclassifications of and changes in redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 1,333 18,764
Debt assumed in connection with acquisition of co-investment $ 114,435 $ 0