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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 80,099 $ 27,366
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 232,192 239,659
Gain on derecognition of leased properties and dispositions of real estate (94,512) (47,295)
Income tax expense (benefit) 770 (1,678)
Other non-cash adjustments, net 10,645 10,988
Net changes in operating assets and operating liabilities (41,286) (14,458)
Loss on extinguishment of debt 44,833  
Net cash provided by operating activities 232,741 265,876
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate (225,526) (6,287)
Capital expenditures (130,877) (256,952)
Proceeds from dispositions of real asset 45,752 36,869
Purchases of corporate assets (4,915) (13,539)
Maturation of debt investments 100,852  
Other investing activities (35,877) (8,457)
Net cash used in investing activities (250,591) (355,969)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt   608,756
Principal repayments on non-recourse property debt (618,111) (659,538)
Proceeds from term loan 1,150,000 350,000
Repayment of term loan (350,000)  
Net repayments of revolving credit facility (206,144) (275,000)
Payment of debt issuance costs (11,124) (7,197)
Payment of debt extinguishment costs (42,760) (11,792)
Repurchases of common stock or common units   (10,004)
Proceeds from Issuance of Common Stock, net 342,132  
Payment of dividends to holders of Common Stock (200,624) (183,003)
Payment of dividends to holders of Preferred Stock (122)  
Payment of distributions to noncontrolling interests (24,287) (15,863)
Redemptions of noncontrolling interests in the AIR Operating Partnership (4,045) (19,355)
Contribution from noncontrolling interests in consolidated real estate partnerships 6,126 463,523
Other financing activities 456 (14,980)
Net cash provided by financing activities 41,497 180,882
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 23,647 90,789
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF DISCONTINUED OPERATIONS   1,995
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF CONTINUING OPERATIONS 23,647 92,784
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 73,480 166,541
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 97,127 259,325
Apartment Income REIT, L.P [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) 80,099 27,366
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 232,192 239,659
Gain on derecognition of leased properties and dispositions of real estate (94,512) (47,295)
Income tax expense (benefit) 770 (1,678)
Other non-cash adjustments, net 10,645 10,988
Net changes in operating assets and operating liabilities (41,286) (14,458)
Loss on extinguishment of debt 44,833  
Net cash provided by operating activities 232,741 265,876
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate (225,526) (6,287)
Capital expenditures (130,877) (256,952)
Proceeds from dispositions of real asset 45,752 36,869
Purchases of corporate assets (4,915) (13,539)
Maturation of debt investments 100,852  
Other investing activities (35,877) (8,457)
Net cash used in investing activities (250,591) (355,969)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 608,756
Principal repayments on non-recourse property debt (618,111) (659,538)
Proceeds from term loan 1,150,000 350,000
Repayment of term loan (350,000)
Net repayments of revolving credit facility (206,144) (275,000)
Payment of debt issuance costs (11,124) (7,197)
Payment of debt extinguishment costs (42,760) (11,792)
Repurchases of common stock or common units (10,004)
Proceeds from Issuance of Common Stock, net 342,132
Payment of distributions to General Partner and Special Limited Partner (200,624) (183,003)
Payment of distributions to Limited Partners (10,739) (10,136)
Redemption of common and preferred units (4,045) (19,355)
Contribution from noncontrolling interests in consolidated real estate partnerships 6,126 463,523
Other financing activities 456 (14,980)
Net cash provided by financing activities 41,497 180,882
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 23,647 90,789
NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF DISCONTINUED OPERATIONS 1,995
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF CONTINUING OPERATIONS 23,647 92,784
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 73,480 166,541
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 97,127 259,325
Discontinued Operations [Member]    
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization   56,755
Income tax expense (benefit)   (6,181)
Other non-cash adjustments, net   720
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate   (92,286)
Capital expenditures   (15,317)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments on non-recourse property debt   (42,816)
Other financing activities   (1,849)
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 56,755
Income tax expense (benefit) 0 (6,181)
Other non-cash adjustments, net 0 720
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate   (92,286)
Capital expenditures   (15,317)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal repayments on non-recourse property debt (42,816)
Payment of dividends to holders of Preferred Stock (4,932) (5,415)
Payment of distributions to noncontrolling interests (8,738) (312)
Other financing activities $ (1,849)