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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 458,043 $ 438,410 $ 248,239
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 468,881 441,682 453,423
Amortization of discount on marketable securities and other investments (15,119) (14,211) (12,389)
Amortization of (premium) discount and financing costs, net (5,948) (15,234) (19,361)
Gain on sale of marketable securities and other investments (1,909) (5,719) (598)
Company's share of gain on the sales of co-investments (44,837) (13,046) 0
Earnings from co-investments (41,608) (35,652) (21,861)
Operating distributions from co-investments 76,764 60,472 46,608
Gain on the sale of real estate and land (26,423) (154,561) (47,333)
Equity-based compensation 9,286 9,811 6,061
Loss on early retirement of debt, net 1,796 606 6,114
Gain on remeasurement of co-investment (88,641) 0 (34,014)
Changes in operating assets and liabilities:      
Prepaid expenses, receivables and other assets (8,860) (2,328) 267
Accounts payable and accrued liabilities (15,104) 2,087 (8,875)
Other liabilities (170) (496) 1,887
Net cash provided by operating activities 766,151 711,821 618,168
Additions to real estate:      
Acquisitions of real estate and acquisition related capital expenditures (206,194) (315,632) (515,726)
Redevelopment (69,928) (83,927) (99,346)
Development acquisitions of and additions to real estate under development (137,733) (75,367) (157,900)
Capital expenditures on rental properties (70,986) (60,013) (57,277)
Acquisition of membership interest in co-investments 0 0 (115,724)
Collections of notes and other receivables 55,000 4,070 0
Investments in notes receivable (106,461) (24,070) 0
Proceeds from insurance for property losses 648 5,543 16,811
Proceeds from dispositions of real estate 132,039 239,289 319,008
Contributions to co-investments (293,363) (183,989) (127,879)
Changes in restricted cash and refundable deposits 89,712 (14,138) (14,068)
Purchases of marketable securities (67,893) (18,779) (14,300)
Sales and maturities of marketable securities and other investments 35,481 30,458 8,907
Non-operating distributions from co-investments 162,439 76,231 31,938
Net cash used in investing activities (477,239) (420,324) (725,556)
Cash flows from financing activities:      
Proceeds from unsecured debt and mortgage notes 597,981 669,282 641,816
Payments on unsecured debt and mortgage notes (561,160) (532,020) (261,734)
Proceeds from lines of credit 982,246 596,106 704,039
Repayments of lines of credit (928,246) (486,106) (935,617)
Repayment of cumulative redeemable preferred stock 0 (73,750) 0
Retirement of common stock 0 (1,045) 0
Additions to deferred charges (4,108) (7,926) (8,034)
Net proceeds from issuance of common stock 89,055 (384) 332,137
Net proceeds from stock options exercised 26,635 18,949 26,540
Payments related to tax withholding for share-based compensation (316) (386) (758)
Distributions to noncontrolling interest (26,552) (25,334) (21,055)
Redemption of noncontrolling interest (28,580) (2,511) (2,621)
Redemption of redeemable noncontrolling interest (5,543) 0 0
Common and preferred stock/units dividends paid and preferred interest distributions paid (450,625) (411,134) (367,257)
Net cash (used in) provided by financing activities (309,213) (256,259) 107,456
Cash acquired from consolidation of co-investment 0 0 4,005
Net increase in cash and cash equivalents (20,301) 35,238 4,073
Cash and cash equivalents at beginning of year 64,921 29,683 25,610
Cash and cash equivalents at end of year 44,620 64,921 29,683
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 212,163 203,743 181,106
Interest capitalized 13,860 12,486 15,571
Supplemental disclosure of noncash investing and financing activities:      
Issuance of DownREIT limited partnership units in connection with acquisition of real estate 22,506 0 0
Transfers between real estate under development to rental properties, net 2,413 104,159 308,704
Transfer from real estate under development to co-investments 5,075 9,919 6,234
Reclassifications to (from) redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest 65 (768) 22,387
Debt assumed in connection with acquisition 51,882 48,832 114,435
Debt deconsolidated in connection with BEX II transaction 0 20,195 0
Essex Portfolio, L.P. [Member]      
Cash flows from operating activities:      
Net income 458,043 438,410 248,239
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 468,881 441,682 453,423
Amortization of discount on marketable securities and other investments (15,119) (14,211) (12,389)
Amortization of (premium) discount and financing costs, net (5,948) (15,234) (19,361)
Gain on sale of marketable securities and other investments (1,909) (5,719) (598)
Company's share of gain on the sales of co-investments (44,837) (13,046) 0
Earnings from co-investments (41,608) (35,652) (21,861)
Operating distributions from co-investments 76,764 60,472 46,608
Gain on the sale of real estate and land (26,423) (154,561) (47,333)
Equity-based compensation 9,286 9,811 6,061
Loss on early retirement of debt, net 1,796 606 6,114
Gain on remeasurement of co-investment (88,641) 0 (34,014)
Changes in operating assets and liabilities:      
Prepaid expenses, receivables and other assets (8,860) (2,328) 267
Accounts payable and accrued liabilities (15,104) 2,087 (8,875)
Other liabilities (170) (496) 1,887
Net cash provided by operating activities 766,151 711,821 618,168
Additions to real estate:      
Acquisitions of real estate and acquisition related capital expenditures (206,194) (315,632) (515,726)
Redevelopment (69,928) (83,927) (99,346)
Development acquisitions of and additions to real estate under development (137,733) (75,367) (157,900)
Capital expenditures on rental properties (70,986) (60,013) (57,277)
Acquisition of membership interest in co-investments 0 0 (115,724)
Collections of notes and other receivables 55,000 4,070 0
Investments in notes receivable (106,461) (24,070) 0
Proceeds from insurance for property losses 648 5,543 16,811
Proceeds from dispositions of real estate 132,039 239,289 319,008
Contributions to co-investments (293,363) (183,989) (127,879)
Changes in restricted cash and refundable deposits 89,712 (14,138) (14,068)
Purchases of marketable securities (67,893) (18,779) (14,300)
Sales and maturities of marketable securities and other investments 35,481 30,458 8,907
Non-operating distributions from co-investments 162,439 76,231 31,938
Net cash used in investing activities (477,239) (420,324) (725,556)
Cash flows from financing activities:      
Proceeds from unsecured debt and mortgage notes 597,981 669,282 641,816
Payments on unsecured debt and mortgage notes (561,160) (532,020) (261,734)
Proceeds from lines of credit 982,246 596,106 704,039
Repayments of lines of credit (928,246) (486,106) (935,617)
Repayment of cumulative redeemable preferred stock 0 (73,750) 0
Retirement of common stock 0 (1,045) 0
Additions to deferred charges (4,108) (7,926) (8,034)
Net proceeds from issuance of common stock 89,055 (384) 332,137
Net proceeds from stock options exercised 26,635 18,949 26,540
Payments related to tax withholding for share-based compensation (316) (386) (758)
Distributions to noncontrolling interest (7,752) (6,960) (7,615)
Redemption of noncontrolling interest (28,580) (2,511) (2,621)
Redemption of redeemable noncontrolling interest (5,543) 0 0
Common and preferred stock/units dividends paid and preferred interest distributions paid (469,425) (429,508) (380,697)
Net cash (used in) provided by financing activities (309,213) (256,259) 107,456
Cash acquired from consolidation of co-investment 0 0 4,005
Net increase in cash and cash equivalents (20,301) 35,238 4,073
Cash and cash equivalents at beginning of year 64,921 29,683 25,610
Cash and cash equivalents at end of year 44,620 64,921 29,683
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 212,163 203,743 181,106
Interest capitalized 13,860 12,486 15,571
Supplemental disclosure of noncash investing and financing activities:      
Issuance of DownREIT limited partnership units in connection with acquisition of real estate 22,506 0 0
Transfers between real estate under development to rental properties, net 2,413 104,159 308,704
Transfer from real estate under development to co-investments 5,075 9,919 6,234
Reclassifications to (from) redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest 65 (768) 22,387
Debt assumed in connection with acquisition 51,882 48,832 114,435
Debt deconsolidated in connection with BEX II transaction $ 0 $ 20,195 $ 0