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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 413,599 $ 458,043 $ 438,410
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 479,884 468,881 441,682
Amortization of discount on marketable securities (17,637) (15,119) (14,211)
Amortization of (premium) discount and financing costs, net (2,587) (5,948) (15,234)
Gain on sale of marketable securities (737) (1,909) (5,719)
Unrealized gain on equity securities recognized through income 5,159 0 0
Company's share of gain on the sales of co-investments (10,569) (44,837) (13,046)
Earnings from co-investments (78,563) (41,608) (35,652)
Operating distributions from co-investments 99,593 76,764 60,472
Accrued interest from notes and other receivables (5,436) (4,030) (302)
Gain on the sale of real estate and land (61,861) (26,423) (154,561)
Equity-based compensation 7,135 9,286 9,811
Loss on early retirement of debt, net 0 1,796 606
Gain on remeasurement of co-investment (1,253) (88,641) 0
Changes in operating assets and liabilities:      
Prepaid expenses, receivables and other assets (1,203) (3,004) 2,730
Accounts payable and accrued liabilities (145) (13,474) 2,302
Other liabilities 1,175 (170) (496)
Net cash provided by operating activities 826,554 769,607 716,792
Additions to real estate:      
Acquisitions of real estate and acquisition related capital expenditures (15,311) (206,194) (315,632)
Redevelopment (73,000) (69,928) (83,927)
Development acquisitions of and additions to real estate under development (182,772) (137,733) (75,367)
Capital expenditures on rental properties (81,684) (72,812) (64,769)
Acquisition of membership interest in co-investments 0 0 0
Investments in notes receivable 0 (106,461) (24,070)
Collections of notes and other receivables 29,500 55,000 4,070
Proceeds from insurance for property losses 1,408 648 5,543
Proceeds from dispositions of real estate 347,587 132,039 239,289
Contributions to co-investments (162,437) (293,363) (183,989)
Changes in refundable deposits (414) 837 (2,129)
Purchases of marketable securities (37,952) (67,893) (18,779)
Sales and maturities of marketable securities 31,521 35,481 30,458
Non-operating distributions from co-investments 83,661 162,439 76,231
Net cash used in investing activities (59,893) (567,940) (413,071)
Cash flows from financing activities:      
Proceeds from unsecured debt and mortgage notes 298,773 597,981 669,282
Payments on unsecured debt and mortgage notes (230,398) (561,160) (532,020)
Proceeds from lines of credit 742,961 982,246 596,106
Repayments of lines of credit (921,961) (928,246) (486,106)
Repayment of cumulative redeemable preferred stock 0 0 (73,750)
Retirement of common stock (51,233) 0 (1,045)
Additions to deferred charges (4,250) (4,108) (7,926)
Payments related to debt prepayment penalties 0 (1,630) (215)
Net proceeds from issuance of common stock (919) 89,055 (384)
Net proceeds from stock options exercised 6,213 26,635 18,949
Payments related to tax withholding for share-based compensation (869) (316) (386)
Distributions to noncontrolling interest (29,050) (26,552) (25,334)
Redemption of noncontrolling interest (1,333) (28,580) (2,511)
Redemption of redeemable noncontrolling interest (144) (5,543) 0
Common and preferred stock/units dividends paid and preferred interest distributions paid (484,182) (450,625) (411,134)
Net cash used in financing activities (676,392) (310,843) (256,474)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents 90,269 (109,176) 47,247
Unrestricted and restricted cash and cash equivalents at beginning of period 61,126 170,302 123,055
Unrestricted and restricted cash and cash equivalents at end of period 151,395 61,126 170,302
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 203,803 212,163 203,743
Interest capitalized 18,708 13,860 12,486
Supplemental disclosure of noncash investing and financing activities:      
Issuance of Operating Partnership units for contributed properties 7,919 0 0
Issuance of DownREIT limited partnership units in connection with acquisition of real estate 0 22,506 0
Transfers between real estate under development to rental properties, net 100,415 2,413 104,159
Transfer from real estate under development to co-investments 853 5,075 9,919
Reclassifications to (from) redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest 1,165 65 (768)
Redemption of redeemable noncontrolling interest via reduction of note receivable 4,751 0 0
Debt assumed in connection with acquisition 45,804 51,882 48,832
Debt deconsolidated in connection with BEX II transaction 0 0 20,195
Repayment of mortgage note from new financing proceeds 52,000 0 0
Essex Portfolio, L.P. [Member]      
Cash flows from operating activities:      
Net income 413,599 458,043 438,410
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 479,884 468,881 441,682
Amortization of discount on marketable securities (17,637) (15,119) (14,211)
Amortization of (premium) discount and financing costs, net (2,587) (5,948) (15,234)
Gain on sale of marketable securities (737) (1,909) (5,719)
Unrealized gain on equity securities recognized through income 5,159 0 0
Company's share of gain on the sales of co-investments (10,569) (44,837) (13,046)
Earnings from co-investments (78,563) (41,608) (35,652)
Operating distributions from co-investments 99,593 76,764 60,472
Accrued interest from notes and other receivables (5,436) (4,030) (302)
Gain on the sale of real estate and land (61,861) (26,423) (154,561)
Equity-based compensation 7,135 9,286 9,811
Loss on early retirement of debt, net 0 1,796 606
Gain on remeasurement of co-investment (1,253) (88,641) 0
Changes in operating assets and liabilities:      
Prepaid expenses, receivables and other assets (1,203) (3,004) 2,730
Accounts payable and accrued liabilities (145) (13,474) 2,302
Other liabilities 1,175 (170) (496)
Net cash provided by operating activities 826,554 769,607 716,792
Additions to real estate:      
Acquisitions of real estate and acquisition related capital expenditures (15,311) (206,194) (315,632)
Redevelopment (73,000) (69,928) (83,927)
Development acquisitions of and additions to real estate under development (182,772) (137,733) (75,367)
Capital expenditures on rental properties (81,684) (72,812) (64,769)
Investments in notes receivable 0 (106,461) (24,070)
Collections of notes and other receivables 29,500 55,000 4,070
Proceeds from insurance for property losses 1,408 648 5,543
Proceeds from dispositions of real estate 347,587 132,039 239,289
Contributions to co-investments (162,437) (293,363) (183,989)
Changes in refundable deposits (414) 837 (2,129)
Purchases of marketable securities (37,952) (67,893) (18,779)
Sales and maturities of marketable securities 31,521 35,481 30,458
Non-operating distributions from co-investments 83,661 162,439 76,231
Net cash used in investing activities (59,893) (567,940) (413,071)
Cash flows from financing activities:      
Proceeds from unsecured debt and mortgage notes 298,773 597,981 669,282
Payments on unsecured debt and mortgage notes (230,398) (561,160) (532,020)
Proceeds from lines of credit 742,961 982,246 596,106
Repayments of lines of credit (921,961) (928,246) (486,106)
Repayment of cumulative redeemable preferred stock 0 0 (73,750)
Retirement of common stock (51,233) 0 (1,045)
Additions to deferred charges (4,250) (4,108) (7,926)
Payments related to debt prepayment penalties 0 (1,630) (215)
Net proceeds from issuance of common stock (919) 89,055 (384)
Net proceeds from stock options exercised 6,213 26,635 18,949
Payments related to tax withholding for share-based compensation (869) (316) (386)
Distributions to noncontrolling interest (8,518) (7,752) (6,960)
Redemption of noncontrolling interest (1,333) (28,580) (2,511)
Redemption of redeemable noncontrolling interest (144) (5,543) 0
Common and preferred stock/units dividends paid and preferred interest distributions paid (504,714) (469,425) (429,508)
Net cash used in financing activities (676,392) (310,843) (256,474)
Net increase (decrease) in unrestricted and restricted cash and cash equivalents 90,269 (109,176) 47,247
Unrestricted and restricted cash and cash equivalents at beginning of period 61,126 170,302 123,055
Unrestricted and restricted cash and cash equivalents at end of period 151,395 61,126 170,302
Supplemental disclosure of cash flow information:      
Cash paid for interest, net of capitalized interest 203,803 212,163 203,743
Interest capitalized 18,708 13,860 12,486
Supplemental disclosure of noncash investing and financing activities:      
Issuance of Operating Partnership units for contributed properties 7,919 0 0
Issuance of DownREIT limited partnership units in connection with acquisition of real estate 0 22,506 0
Transfers between real estate under development to rental properties, net 100,415 2,413 104,159
Transfer from real estate under development to co-investments 853 5,075 9,919
Reclassifications to (from) redeemable noncontrolling interest to or from additional paid in capital and noncontrolling interest 1,165 65 (768)
Redemption of redeemable noncontrolling interest via reduction of note receivable 4,751 0 0
Debt assumed in connection with acquisition 45,804 51,882 48,832
Debt deconsolidated in connection with BEX II transaction 0 0 20,195
Repayment of mortgage note from new financing proceeds $ 52,000 $ 0 $ 0