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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
Cash flows from operating activities:      
Net income $ 438,410 $ 248,239 $ 134,438
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 441,682 453,423 360,592
Amortization of discount on marketable securities and other investments (14,211) (12,389) (9,325)
Amortization of (premium) discount and financing costs, net (15,234) (19,361) (14,672)
Gain on sale of marketable securities and other investments (5,719) (598) (886)
Company's share of gain on the sales of co-investments (13,046) 0 (6,558)
Earnings from co-investments (35,652) (21,861) (33,335)
Operating distributions from co-investments 60,472 46,608 49,486
Gain on the sales of real estate and land (154,561) (47,333) (46,039)
Equity-based compensation 10,899 6,061 8,740
Loss on early retirement of debt, net 606 6,114 268
Gain on remeasurement of co-investments 0 (34,014) 0
Noncash merger and integration expenses 0 0 9,025
Changes in operating assets and liabilities:      
Prepaid expenses, receivables and other assets (2,328) 267 15,828
Accounts payable and accrued liabilities 1,701 (9,633) 24,233
Other liabilities (496) 1,887 1,517
Net cash provided by operating activities 712,523 617,410 493,312
Additions to real estate:      
Acquisitions of real estate and acquisition related capital expenditures (315,632) (515,726) (387,547)
Redevelopment (83,927) (99,346) (81,429)
Development acquisitions of and additions to real estate under development (76,455) (157,900) (152,766)
Capital expenditures on rental properties (60,013) (57,277) (78,864)
Acquisition of membership interest in co-investments 0 (115,724) 0
Collections of notes and other receivables 4,070 0 76,585
Investments in notes receivable (24,070) 0 0
Proceeds from insurance for property losses 5,543 16,811 35,547
BRE merger consideration paid 0 0 (555,826)
Proceeds from dispositions of real estate 239,289 319,008 141,189
Contributions to co-investments (183,989) (127,879) (246,006)
Changes in restricted cash and refundable deposits (14,138) (14,068) (36,582)
Purchases of marketable securities (18,779) (14,300) (20,516)
Sales and maturities of marketable securities and other investments 30,458 8,907 8,753
Non-operating distributions from co-investments 76,231 31,938 150,306
Net cash used in investing activities (421,412) (725,556) (1,147,156)
Cash flows from financing activities:      
Borrowings under debt agreements 1,265,388 1,345,855 2,093,406
Repayment of debt (1,018,126) (1,197,351) (1,814,020)
Repayment of cumulative redeemable preferred stock (73,750) 0 0
Retirement of common stock (1,045) 0 0
Additions to deferred charges (7,926) (8,034) (17,402)
Net proceeds from issuance of common stock (384) 332,137 531,379
Net proceeds from stock options exercised 18,949 26,540 11,039
Distributions to noncontrolling interest (25,334) (21,055) (17,465)
Redemption of noncontrolling interest (2,511) (2,621) (5,753)
Common and preferred stock dividends paid (411,134) (367,257) (260,574)
Net cash (used in) provided by financing activities (255,873) 108,214 520,610
Cash acquired from the BRE merger 0 0 140,353
Cash acquired from consolidation of co-investment 0 4,005 0
Net increase in cash and cash equivalents 35,238 4,073 7,119
Cash and cash equivalents at beginning of year 29,683 25,610 18,491
Cash and cash equivalents at end of year 64,921 29,683 25,610
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 203,743 181,106 130,691
Interest capitalized 12,486 15,571 22,510
Supplemental disclosure of noncash investing and financing activities:      
Issuance of Operating Partnership units for contributed properties 0 0 1,419,816
Retirement of Operating Partnership units 0 0 (1,419,816)
Transfers between real estate under development to rental properties, net 104,159 308,704 10,203
Transfer from real estate under development to co-investments 9,919 6,234 83,574
Reclassifications (from) to redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest (768) 22,387 18,766
Debt assumed in connection with acquisition (excluding BRE merger) 48,832 114,435 72,568
Debt deconsolidated in connection with BEX II transaction 20,195 0 0
Essex Portfolio, L.P. [Member]      
Cash flows from operating activities:      
Net income 438,410 248,239 134,438
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 441,682 453,423 360,592
Amortization of discount on marketable securities and other investments (14,211) (12,389) (9,325)
Amortization of (premium) discount and financing costs, net (15,234) (19,361) (14,672)
Gain on sale of marketable securities and other investments (5,719) (598) (886)
Company's share of gain on the sales of co-investments (13,046) 0 (6,558)
Earnings from co-investments (35,652) (21,861) (33,335)
Operating distributions from co-investments 60,472 46,608 49,486
Gain on the sales of real estate and land (154,561) (47,333) (46,039)
Equity-based compensation 10,899 6,061 8,740
Loss on early retirement of debt, net 606 6,114 268
Gain on remeasurement of co-investments 0 (34,014) 0
Noncash merger and integration expenses 0 0 9,025
Changes in operating assets and liabilities:      
Prepaid expenses, receivables and other assets (2,328) 267 15,828
Accounts payable and accrued liabilities 1,701 (9,633) 24,233
Other liabilities (496) 1,887 1,517
Net cash provided by operating activities 712,523 617,410 493,312
Additions to real estate:      
Acquisitions of real estate and acquisition related capital expenditures (315,632) (515,726) (387,547)
Redevelopment (83,927) (99,346) (81,429)
Development acquisitions of and additions to real estate under development (76,455) (157,900) (152,766)
Capital expenditures on rental properties (60,013) (57,277) (78,864)
Acquisition of membership interest in co-investments 0 (115,724) 0
Collections of notes and other receivables 4,070 0 76,585
Investments in notes receivable (24,070) 0 0
Proceeds from insurance for property losses 5,543 16,811 35,547
BRE merger consideration paid 0 0 (555,826)
Proceeds from dispositions of real estate 239,289 319,008 141,189
Contributions to co-investments (183,989) (127,879) (246,006)
Changes in restricted cash and refundable deposits (14,138) (14,068) (36,582)
Purchases of marketable securities (18,779) (14,300) (20,516)
Sales and maturities of marketable securities and other investments 30,458 8,907 8,753
Non-operating distributions from co-investments 76,231 31,938 150,306
Net cash used in investing activities (421,412) (725,556) (1,147,156)
Cash flows from financing activities:      
Borrowings under debt agreements 1,265,388 1,345,855 2,093,406
Repayment of debt (1,018,126) (1,197,351) (1,814,020)
Repayment of cumulative redeemable preferred stock (73,750) 0 0
Additions to deferred charges (7,926) (8,034) (17,402)
Net proceeds from issuance of common stock (384) 332,137 531,379
Net proceeds from stock options exercised 18,949 26,540 11,039
Distributions to noncontrolling interest (6,960) (7,615) (4,841)
Redemption of noncontrolling interest (2,511) (2,621) (802)
Common and preferred stock dividends paid (429,508) (380,697) (278,149)
Net cash (used in) provided by financing activities (255,873) 108,214 520,610
Cash acquired from the BRE merger 0 0 140,353
Cash acquired from consolidation of co-investment 0 4,005 0
Net increase in cash and cash equivalents 35,238 4,073 7,119
Cash and cash equivalents at beginning of year 29,683 25,610 18,491
Cash and cash equivalents at end of year 64,921 29,683 25,610
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 203,743 181,106 130,691
Interest capitalized 12,486 15,571 22,510
Supplemental disclosure of noncash investing and financing activities:      
Issuance of Operating Partnership units for contributed properties 0 0 1,419,816
Retirement of Operating Partnership units 0 0 (1,419,816)
Transfers between real estate under development to rental properties, net 104,159 308,704 10,203
Transfer from real estate under development to co-investments 9,919 6,234 83,574
Reclassifications (from) to redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest (768) 22,387 18,766
Debt assumed in connection with acquisition (excluding BRE merger) 48,832 114,435 72,568
Debt deconsolidated in connection with BEX II transaction $ 20,195 $ 0 $ 0