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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:    
Net income $ 289,159 $ 348,381
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 359,287 350,893
Amortization of discount on marketable securities (12,949) (11,128)
Amortization of (premium) discount and debt financing costs, net (1,958) (5,132)
Gain on sale of marketable securities and other investments (669) (1,650)
Unrealized gain on equity securities recognized through income (426) 0
Company's share of gain on the sales of co-investments 0 (10,058)
Earnings from co-investments (64,611) (30,876)
Operating distributions from co-investments 80,232 47,702
Accrued interest from notes and other receivables (4,016) (2,738)
Gain on the sale of real estate and land (22,244) (26,423)
Equity-based compensation 7,209 4,894
Gain on remeasurement of co-investment 0 (88,641)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables and other assets (4,044) (2,844)
Accounts payable and accrued liabilities 55,469 50,788
Other liabilities 698 399
Net cash provided by operating activities 681,137 623,567
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (7,807) (200,028)
Redevelopment (54,656) (50,642)
Development acquisitions of and additions to real estate under development (131,867) (92,936)
Capital expenditures on rental properties (54,890) (48,735)
Investments in notes receivable 0 (76,961)
Collections of notes receivable 29,500 0
Proceeds from insurance for property losses 1,237 648
Proceeds from dispositions of real estate 130,730 132,039
Contributions to co-investments (100,202) (231,552)
Changes in refundable deposits (3,804) 2,594
Purchases of marketable securities (29,130) (65,668)
Sales and maturities of marketable securities 22,501 33,377
Non-operating distributions from co-investments 62,564 112,572
Net cash used in investing activities (135,824) (485,292)
Cash flows from financing activities:    
Proceeds from unsecured debt and mortgage notes 298,773 597,981
Payments on unsecured debt and mortgage notes (162,317) (460,040)
Proceeds from lines of credit 454,170 564,833
Repayments of lines of credit (633,170) (687,224)
Retirement of common stock (3,774) 0
Additions to deferred charges (4,093) (4,108)
Net proceeds from issuance of common stock (483) 80,377
Net proceeds from stock options exercised 2,751 24,079
Payments related to tax withholding for share-based compensation (23) (118)
Distributions to noncontrolling interest (22,137) (20,405)
Redemption of noncontrolling interest (157) (4,849)
Redemption of redeemable noncontrolling interest (43) (720)
Common and preferred stock dividends paid (361,310) (335,110)
Net cash used in financing activities (431,813) (245,304)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents 113,500 (107,029)
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 174,626 63,273
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of $13.3 million and $10.0 million capitalized in 2018 and 2017, respectively) 146,039 148,742
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 99,547 2,195
Transfer from real estate under development to co-investments 640 4,122
Reclassifications to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 2,253 903
Redemption of redeemable noncontrolling interest via reduction of note receivable 4,751 0
Debt assumed in connection with acquisition 0 51,882
Repayment of mortgage note from new financing proceeds 52,000 0
Essex Portfolio, L.P. [Member]    
Cash flows from operating activities:    
Net income 289,159 348,381
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 359,287 350,893
Amortization of discount on marketable securities (12,949) (11,128)
Amortization of (premium) discount and debt financing costs, net (1,958) (5,132)
Gain on sale of marketable securities and other investments (669) (1,650)
Unrealized gain on equity securities recognized through income (426) 0
Company's share of gain on the sales of co-investments 0 (10,058)
Earnings from co-investments (64,611) (30,876)
Operating distributions from co-investments 80,232 47,702
Accrued interest from notes and other receivables (4,016) (2,738)
Gain on the sale of real estate and land (22,244) (26,423)
Equity-based compensation 7,209 4,894
Gain on remeasurement of co-investment 0 (88,641)
Changes in operating assets and liabilities:    
Prepaid expenses, receivables and other assets (4,044) (2,844)
Accounts payable and accrued liabilities 55,469 50,788
Other liabilities 698 399
Net cash provided by operating activities 681,137 623,567
Additions to real estate:    
Acquisitions of real estate and acquisition related capital expenditures (7,807) (200,028)
Redevelopment (54,656) (50,642)
Development acquisitions of and additions to real estate under development (131,867) (92,936)
Capital expenditures on rental properties (54,890) (48,735)
Investments in notes receivable 0 (76,961)
Collections of notes receivable 29,500 0
Proceeds from insurance for property losses 1,237 648
Proceeds from dispositions of real estate 130,730 132,039
Contributions to co-investments (100,202) (231,552)
Changes in refundable deposits (3,804) 2,594
Purchases of marketable securities (29,130) (65,668)
Sales and maturities of marketable securities 22,501 33,377
Non-operating distributions from co-investments 62,564 112,572
Net cash used in investing activities (135,824) (485,292)
Cash flows from financing activities:    
Proceeds from unsecured debt and mortgage notes 298,773 597,981
Payments on unsecured debt and mortgage notes (162,317) (460,040)
Proceeds from lines of credit 454,170 564,833
Repayments of lines of credit (633,170) (687,224)
Retirement of common stock (3,774) 0
Additions to deferred charges (4,093) (4,108)
Net proceeds from issuance of common stock (483) 80,377
Net proceeds from stock options exercised 2,751 24,079
Payments related to tax withholding for share-based compensation (23) (118)
Distributions to noncontrolling interest (6,615) (5,568)
Redemption of noncontrolling interest (157) (4,849)
Redemption of redeemable noncontrolling interest (43) (720)
Common and preferred stock dividends paid (376,832) (349,947)
Net cash used in financing activities (431,813) (245,304)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents 113,500 (107,029)
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 174,626 63,273
Supplemental disclosure of cash flow information:    
Cash paid for interest (net of $13.3 million and $10.0 million capitalized in 2018 and 2017, respectively) 146,039 148,742
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 99,547 2,195
Transfer from real estate under development to co-investments 640 4,122
Reclassifications to redeemable noncontrolling interest from additional paid in capital and noncontrolling interest 2,253 903
Redemption of redeemable noncontrolling interest via reduction of note receivable 4,571 0
Debt assumed in connection with acquisition 0 51,882
Repayment of mortgage note from new financing proceeds $ 52,000 $ 0