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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Cash flows from operating activities:    
Net income $ 203,049 $ 263,346
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 238,435 233,442
Amortization of discount on marketable securities (8,469) (7,270)
Amortization of (premium) discount and debt financing costs, net (1,352) (4,317)
Gain on sale of marketable securities and other investments (549) (1,618)
Unrealized loss on equity securities recognized through income 754 0
Earnings from co-investments (47,823) (21,207)
Operating distributions from co-investments 61,107 27,451
Accrued interest from notes and other receivables (2,633) (1,575)
Gain on the sale of real estate and land (22,244) (26,174)
Equity-based compensation 5,906 3,361
Gain on remeasurement of co-investment 0 (88,641)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables and other assets (6,078) (1,751)
Accounts payable and accrued liabilities 2,839 (3,169)
Other liabilities 579 646
Net cash provided by operating activities 423,521 372,524
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (5,476) (193,527)
Redevelopment (36,466) (30,509)
Development acquisitions of and additions to real estate under development (75,303) (51,563)
Capital expenditures on rental properties (30,975) (25,648)
Investments in notes receivable 0 (12,750)
Collections of notes receivable 29,500 0
Proceeds from insurance for property losses 917 435
Proceeds from dispositions of real estate 130,730 131,230
Contributions to co-investments (97,826) (144,599)
Changes in refundable deposits (3,785) 467
Purchases of marketable securities (27,995) (33,615)
Sales and maturities of marketable securities 18,975 28,766
Non-operating distributions from co-investments 38,696 67,674
Net cash used in investing activities (59,008) (263,639)
Cash flows from financing activities:    
Proceeds from unsecured debt and mortgage notes 298,773 597,981
Payments on unsecured debt and mortgage notes (110,829) (412,653)
Proceeds from lines of credit 438,528 467,313
Repayments of lines of credit (614,858) (592,313)
Retirement of common stock (3,774) 0
Additions to deferred charges (3,771) (3,890)
Net proceeds from issuance of common stock (353) 80,565
Net proceeds from stock options exercised 1,864 22,041
Payments related to tax withholding for share-based compensation (23) (118)
Distributions to noncontrolling interest (15,066) (14,371)
Redemption of noncontrolling interest (57) (3,528)
Redemption of redeemable noncontrolling interest (43) (720)
Common and preferred stock dividends paid (238,454) (219,618)
Net cash used in financing activities (248,063) (79,311)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents 116,450 29,574
Unrestricted and restricted cash and cash equivalents at beginning of period 61,126 170,302
Unrestricted and restricted cash and cash equivalents at end of period 177,576 199,876
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of $8.4 million and $6.6 million capitalized in 2018 and 2017, respectively 100,496 106,448
Supplemental disclosure of noncash investing and financing activities:    
Issuance of DownREIT units in connection with acquisition of real estate 0 22,506
Transfers between real estate under development to rental properties, net 98,318 1,540
Transfer from real estate under development to co-investments 640 3,340
Reclassifications to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 1,845 1,117
Redemption of redeemable noncontrolling interest via reduction of note receivable 4,751 0
Debt assumed in connection with acquisition 0 51,882
Essex Portfolio, L.P. [Member]    
Cash flows from operating activities:    
Net income 203,049 263,346
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 238,435 233,442
Amortization of discount on marketable securities (8,469) (7,270)
Amortization of (premium) discount and debt financing costs, net (1,352) (4,317)
Gain on sale of marketable securities and other investments (549) (1,618)
Unrealized loss on equity securities recognized through income 754 0
Earnings from co-investments (47,823) (21,207)
Operating distributions from co-investments 61,107 27,451
Accrued interest from notes and other receivables (2,633) (1,575)
Gain on the sale of real estate and land (22,244) (26,174)
Equity-based compensation 5,906 3,361
Gain on remeasurement of co-investment 0 (88,641)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables and other assets (6,078) (1,751)
Accounts payable and accrued liabilities 2,839 (3,169)
Other liabilities 579 646
Net cash provided by operating activities 423,521 372,524
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (5,476) (193,527)
Redevelopment (36,466) (30,509)
Development acquisitions of and additions to real estate under development (75,303) (51,563)
Capital expenditures on rental properties (30,975) (25,648)
Investments in notes receivable 0 (12,750)
Collections of notes receivable 29,500 0
Proceeds from insurance for property losses 917 435
Proceeds from dispositions of real estate 130,730 131,230
Contributions to co-investments (97,826) (144,599)
Changes in refundable deposits (3,785) 467
Purchases of marketable securities (27,995) (33,615)
Sales and maturities of marketable securities 18,975 28,766
Non-operating distributions from co-investments 38,696 67,674
Net cash used in investing activities (59,008) (263,639)
Cash flows from financing activities:    
Proceeds from unsecured debt and mortgage notes 298,773 597,981
Payments on unsecured debt and mortgage notes (110,829) (412,653)
Proceeds from lines of credit 438,528 467,313
Repayments of lines of credit (614,858) (592,313)
Retirement of common stock (3,774) 0
Additions to deferred charges (3,771) (3,890)
Net proceeds from issuance of common stock (353) 80,565
Net proceeds from stock options exercised 1,864 22,041
Payments related to tax withholding for share-based compensation (23) (118)
Distributions to noncontrolling interest (4,460) (3,600)
Redemption of noncontrolling interest (57) (3,528)
Redemption of redeemable noncontrolling interest (43) (720)
Common and preferred stock dividends paid (249,060) (230,389)
Net cash used in financing activities (248,063) (79,311)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents 116,450 29,574
Unrestricted and restricted cash and cash equivalents at beginning of period 61,126 170,302
Unrestricted and restricted cash and cash equivalents at end of period 177,576 199,876
Supplemental disclosure of cash flow information:    
Cash paid for interest, net of $8.4 million and $6.6 million capitalized in 2018 and 2017, respectively 100,496 106,448
Supplemental disclosure of noncash investing and financing activities:    
Issuance of DownREIT units in connection with acquisition of real estate 0 22,506
Transfers between real estate under development to rental properties, net 98,318 1,540
Transfer from real estate under development to co-investments 640 3,340
Reclassifications to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 1,845 1,117
Redemption of redeemable noncontrolling interest via reduction of note receivable 4,571 0
Debt assumed in connection with acquisition $ 0 $ 51,882