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Condensed Consolidated Statements of Cash Flows (Unaudited) (USD $)
In Thousands, unless otherwise specified
9 Months Ended
Sep. 30, 2012
Sep. 30, 2011
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 98,113 $ (49,591)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 264,978 [1] 259,069 [1]
Provision for real estate impairment losses 10,801 [1] 0
Equity in losses of unconsolidated real estate partnerships (2,800) (8,432)
Gain on dispositions of interests in unconsolidated real estate and other (20,635) (5,115)
Discontinued operations (108,028) (17,258)
Other adjustments (8,030) (2,346)
Net changes in operating assets and operating liabilities 2,298 (16,810)
Net cash provided by operating activities 242,297 176,381
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and investments in unconsolidated real estate partnerships (89,727) (63,853)
Capital expenditures (188,371) (118,430)
Proceeds from dispositions of real estate 285,215 187,737
Purchases of corporate assets (6,721) (11,891)
Purchase of investment in debt securities 0 (51,534)
Proceeds from sale of interests in and distributions from unconsolidated real estate partnerships 28,549 11,342
Other investing activities 7,277 28,385
Net cash provided by (used in) investing activities 36,222 (18,244)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 134,294 767,523
Principal repayments on non-recourse property debt (292,899) (905,791)
Net borrowings on revolving credit facility 66,200 26,200
Proceeds from issuance of preferred stock or units 9,818 19,028
Proceeds from issuance of common stock or units 594,437 72,012
Redemptions and repurchases of preferred stock or units (600,956) (28,567)
Proceeds from Common Stock option exercises 48,906 1,806
Payment of dividends to holders of preferred stock or units (36,147) (37,390)
Payment of dividends to holders of Common Stock (74,882) (43,075)
Payment of distributions to noncontrolling interests (37,885) (41,009)
Purchases of noncontrolling interests in consolidated real estate partnerships 68,074 11,506
Other financing activities (9,882) (12,862)
Net cash used in financing activities (267,070) (193,631)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,449 (35,494)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 91,066 111,325
CASH AND CASH EQUIVALENTS AT END OF PERIOD 102,515 75,831
AIMCO PROPERTIES, L.P
   
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) 98,113 (48,331)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 264,978 259,069
Provision for real estate impairment losses 10,801 0
Equity in losses of unconsolidated real estate partnerships (2,800) (8,432)
Gain on dispositions of interests in unconsolidated real estate and other (20,635) (5,115)
Discontinued operations (108,028) (17,258)
Other adjustments (8,030) (2,346)
Net changes in operating assets and operating liabilities 2,298 (18,070)
Net cash provided by operating activities 242,297 176,381
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and investments in unconsolidated real estate partnerships (89,727) (63,853)
Capital expenditures (188,371) (118,430)
Proceeds from dispositions of real estate 285,215 187,737
Purchases of corporate assets (6,721) (11,891)
Purchase of investment in debt securities 0 (51,534)
Proceeds from sale of interests in and distributions from unconsolidated real estate partnerships 28,549 11,342
Dividends received from Aimco 0 202
Other investing activities 7,277 28,385
Net cash provided by (used in) investing activities 36,222 (18,042)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 134,294 767,523
Principal repayments on non-recourse property debt (292,899) (905,791)
Net borrowings on revolving credit facility 66,200 26,200
Proceeds from issuance of preferred stock or units 9,818 19,028
Proceeds from issuance of common stock or units 594,437 72,012
Redemptions and repurchases of preferred stock or units (600,956) (28,567)
Proceeds from Common Stock option exercises 48,906 1,806
Payment of dividends to holders of preferred stock or units (41,037) (42,402)
Payment of distributions to General Partner and Special Limited Partner (74,882) (43,277)
Payment of distributions to Limited Partners (3,305) (2,181)
Payment of distributions to High Performance Units (1,310) (842)
Payment of distributions to noncontrolling interests (28,380) (32,974)
Purchases of noncontrolling interests in consolidated real estate partnerships 68,074 11,506
Other financing activities (9,882) (12,862)
Net cash used in financing activities (267,070) (193,833)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 11,449 (35,494)
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 91,066 111,325
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 102,515 $ 75,831
[1] Proportionate property net operating income, our key measurement of segment profit or loss, excludes provision for operating real estate impairment losses, property management revenues (which are included in rental and other property revenues), property management expenses and casualty gains and losses (which are included in property operating expenses) and depreciation and amortization. Accordingly, we do not allocate these amounts to our segments.