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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Cash flows from operating activities:    
Net income $ 233,893 $ 162,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 329,847 336,946
Amortization of discount on marketable securities and other investments (10,771) (9,012)
Amortization of (premium) discount and debt financing costs, net (11,432) (15,064)
Gain on sale of marketable securities (2,876) (598)
Company's share of gain on the sales of co-investments (13,046) 0
Earnings from co-investments (25,886) (15,962)
Operating distributions from co-investments 45,342 28,632
Gain on the sale of real estate and land (20,258) (7,112)
Equity-based compensation 4,436 5,511
Loss on early retirement of debt 211 0
Gain on remeasurement of co-investments 0 (34,014)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables and other assets 656 (1,851)
Accounts payable and accrued liabilities 49,739 36,480
Other liabilities 420 1,475
Net cash provided by operating activities 580,275 487,908
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (124,054) (327,799)
Redevelopment (62,983) (66,783)
Development acquisitions of and additions to real estate under development (58,575) (138,101)
Capital expenditures on rental properties (40,503) (42,809)
Acquisition of membership interest in co-investments 0 (115,724)
Investments in notes receivable (4,375) 0
Proceeds from insurance for property losses 3,288 12,044
Proceeds from dispositions of real estate 48,008 74,485
Contributions to co-investments (121,972) (119,120)
Changes in restricted cash and refundable deposits 65,858 38,282
Purchases of marketable securities (18,779) (14,300)
Sales and maturities of marketable securities and other investments 14,708 7,566
Non-operating distributions from co-investments 34,564 31,938
Net cash used in investing activities (264,815) (660,321)
Cash flows from financing activities:    
Borrowings under debt agreements 821,097 1,068,032
Repayment of debt (580,956) (924,844)
Repayment of cumulative redeemable preferred stock (73,750) 0
Additions to deferred charges (5,300) (4,320)
Net proceeds from issuance of common stock (382) 307,835
Net proceeds from stock options exercised 17,878 22,173
Distributions to noncontrolling interest (19,844) (15,789)
Redemption of noncontrolling interest (2,435) (2,621)
Common and preferred stock dividends paid (306,284) (272,000)
Net cash (used in) provided by financing activities (149,976) 178,466
Cash acquired in consolidation of co-investment 0 4,005
Net increase in cash and cash equivalents 165,484 10,058
Cash and cash equivalents at beginning of period 29,683 25,610
Cash and cash equivalents at end of period 195,167 35,668
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of $9.4 million and $12.2 million capitalized in 2016 and 2015, respectively 140,183 135,736
Supplemental disclosure of noncash investing and financing activities:    
Transfers between real estate under development to rental properties, net 106,255 308,069
Transfer from real estate under development to co-investments 8,332 5,913
Reclassifications (from) to redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest (1,343) 1,333
Debt assumed in connection with acquisition 48,832 114,435
Essex Portfolio, L.P. [Member]    
Cash flows from operating activities:    
Net income 233,893 162,477
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 329,847 336,946
Amortization of discount on marketable securities and other investments (10,771) (9,012)
Amortization of (premium) discount and debt financing costs, net (11,432) (15,064)
Gain on sale of marketable securities (2,876) (598)
Company's share of gain on the sales of co-investments (13,046) 0
Earnings from co-investments (25,886) (15,962)
Operating distributions from co-investments 45,342 28,632
Gain on the sale of real estate and land (20,258) (7,112)
Equity-based compensation 4,436 5,511
Loss on early retirement of debt 211 0
Gain on remeasurement of co-investments 0 (34,014)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables and other assets 656 (1,851)
Accounts payable and accrued liabilities 49,739 36,480
Other liabilities 420 1,475
Net cash provided by operating activities 580,275 487,908
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (124,054) (327,799)
Redevelopment (62,983) (66,783)
Development acquisitions of and additions to real estate under development (58,575) (138,101)
Capital expenditures on rental properties (40,503) (42,809)
Acquisition of membership interest in co-investments 0 (115,724)
Investments in notes receivable (4,375) 0
Proceeds from insurance for property losses 3,288 12,044
Proceeds from dispositions of real estate 48,008 74,485
Contributions to co-investments (121,972) (119,120)
Changes in restricted cash and refundable deposits 65,858 38,282
Purchases of marketable securities (18,779) (14,300)
Sales and maturities of marketable securities and other investments 14,708 7,566
Non-operating distributions from co-investments 34,564 31,938
Net cash used in investing activities (264,815) (660,321)
Cash flows from financing activities:    
Borrowings under debt agreements 821,097 1,068,032
Repayment of debt (580,956) (924,844)
Repayment of cumulative redeemable preferred stock (73,750) 0
Additions to deferred charges (5,300) (4,320)
Net proceeds from issuance of common stock (382) 307,835
Net proceeds from stock options exercised 17,878 22,173
Distributions to noncontrolling interest (5,171) (6,455)
Redemption of noncontrolling interest (2,435) (2,621)
Common and preferred stock dividends paid (320,957) (281,334)
Net cash (used in) provided by financing activities (149,976) 178,466
Cash acquired in consolidation of co-investment 0 4,005
Net increase in cash and cash equivalents 165,484 10,058
Cash and cash equivalents at beginning of period 29,683 25,610
Cash and cash equivalents at end of period 195,167 35,668
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of $9.4 million and $12.2 million capitalized in 2016 and 2015, respectively 140,183 135,736
Supplemental disclosure of noncash investing and financing activities:    
Transfers between real estate under development to rental properties, net 106,255 308,069
Transfer from real estate under development to co-investments 8,332 5,913
Reclassifications (from) to redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest (1,343) 1,333
Debt assumed in connection with acquisition $ 48,832 $ 114,435