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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 69,428 $ 52,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 151,071 160,395
Gain on derecognition of leased properties and dispositions of real estate (87,385) (47,295)
Income tax expense (benefit) 1,045 (2,097)
Other non-cash adjustments, net 9,314 7,059
Net changes in operating assets and operating liabilities (49,676) (20,084)
Net cash (used in) provided by operating activities 93,797 184,357
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate (225,526) (3,064)
Capital expenditures (76,469) (171,627)
Proceeds from dispositions of real asset 6,230 36,869
Purchases of corporate assets (4,509) (8,743)
Maturation of debt investments 100,852 0
Other investing activities (61) 1,946
Net cash provided by (used in) investing activities (199,483) (160,070)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 0 608,756
Principal repayments on non-recourse property debt (566,523) (269,434)
Proceeds from term loan 800,000 350,000
Repayment of term loan (350,000) 0
Net borrowings on (repayments of) revolving credit facility 81,600 (275,000)
Payment of debt issuance costs (9,885) (6,007)
Payment of debt extinguishment costs (36,198) (5,758)
Repurchases of common stock or common units 0 (10,004)
Proceeds from Issuance of Common Stock, net 342,163 0
Payment of dividends to holders of Common Stock (131,654) (122,058)
Payment of dividends to holders of Preferred Stock (93)  
Payment of distributions to noncontrolling interests (15,301) (10,639)
Redemptions of noncontrolling interests in the AIR Operating Partnership (3,622) (1,870)
Contribution from noncontrolling interests in consolidated real estate partnerships 1,998 0
Other financing activities 422 (12,554)
Net cash provided by financing activities 112,907 240,519
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 7,221 264,806
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF DISCONTINUED OPERATIONS 0 1,190
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF CONTINUING OPERATIONS 7,221 265,996
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 73,480 166,541
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 80,701 432,537
Apartment Income REIT, L.P [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) 69,428 52,181
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 151,071 160,395
Gain on derecognition of leased properties and dispositions of real estate (87,385) (47,295)
Income tax expense (benefit) 1,045 (2,097)
Other non-cash adjustments, net 9,314 7,059
Net changes in operating assets and operating liabilities (49,676) (20,084)
Net cash (used in) provided by operating activities 93,797 184,357
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate (225,526) (3,064)
Capital expenditures (76,469) (171,627)
Proceeds from dispositions of real asset 6,230 36,869
Purchases of corporate assets (4,509) (8,743)
Maturation of debt investments 100,852 0
Other investing activities (61) 1,946
Net cash provided by (used in) investing activities (199,483) (160,070)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 0 608,756
Principal repayments on non-recourse property debt (566,523) (269,434)
Proceeds from term loan 800,000 350,000
Repayment of term loan (350,000) 0
Net borrowings on (repayments of) revolving credit facility 81,600 (275,000)
Payment of debt issuance costs (9,885) (6,007)
Payment of debt extinguishment costs (36,198) (5,758)
Repurchases of common stock or common units 0 (10,004)
Proceeds from Issuance of Common Stock, net 342,163 0
Payment of distributions to General Partner and Special Limited Partner (131,654) (122,058)
Payment of distributions to Limited Partners (7,258) (6,793)
Contribution from noncontrolling interests in consolidated real estate partnerships 1,998 0
Redemption of common and preferred units (3,622) (1,870)
Other financing activities 422 (12,554)
Net cash provided by financing activities 112,907 240,519
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 7,221 264,806
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF DISCONTINUED OPERATIONS 0 1,190
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF CONTINUING OPERATIONS 7,221 265,996
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 73,480 166,541
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 80,701 432,537
Discontinued Operations [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 0 37,770
Income tax expense (benefit) 0 (4,015)
Other non-cash adjustments, net 0 443
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate 0 (4,730)
Capital expenditures 0 (10,721)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments on non-recourse property debt 0 (4,913)
Discontinued Operations [Member] | Apartment Income REIT, L.P [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 0 37,770
Income tax expense (benefit) 0 (4,015)
Other non-cash adjustments, net 0 443
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate 0 (4,730)
Capital expenditures 0 (10,721)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments on non-recourse property debt 0 (4,913)
Payment of dividends to holders of Preferred Stock (3,300) (3,728)
Payment of distributions to noncontrolling interests $ (4,836) $ (118)