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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 27,366 $ 365,261
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 296,414 283,027
Gain on dispositions of real estate (47,204) (356,929)
Income tax benefit (7,859) (1,942)
Other adjustments 11,617 10,429
Net changes in operating assets and operating liabilities (14,458) (21,098)
Net cash provided by operating activities 265,876 278,748
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate (98,573) (131,613)
Capital expenditures (272,269) (292,749)
Proceeds from dispositions of real estate 36,869 422,463
Purchases of corporate assets (13,539) (14,825)
Other investing activities (8,457) 719
Net cash used in investing activities (355,969) (16,005)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 608,756 667,965
Principal repayments on non-recourse property debt (702,354) (390,346)
Proceeds from term loan 350,000 0
Net repayments of revolving credit facility (275,000) (160,360)
Payment of debt issuance costs (7,663) (3,625)
Payment of debt extinguishment costs (13,175) (840)
Repurchases of common stock or common units (10,004) (20,682)
Repurchases of preferred stock or preferred units 0 (125,000)
Payment of dividends to holders of Common Stock (183,003) (183,319)
Payment of dividends to holders of Preferred Stock 0 (3,247)
Payment of distributions to noncontrolling interests (15,863) (16,320)
Redemptions of noncontrolling interests in the Aimco Operating Partnership (19,355) (5,071)
Contribution from noncontrolling interests in consolidated real estate partnerships 463,523 4,911
Purchases of noncontrolling interests in consolidated real estate partnerships 0 (3,780)
Other financing activities (14,980) (2,399)
Net cash provided by (used in) financing activities 180,882 (242,113)
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 90,789 20,630
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 177,702 72,595
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 268,491 93,225
AIMCO Properties, LP [Member]    
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income 27,366 365,261
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 296,414 283,027
Gain on dispositions of real estate (47,204) (356,929)
Income tax benefit (7,859) (1,942)
Other adjustments 11,617 10,429
Net changes in operating assets and operating liabilities (14,458) (21,098)
Net cash provided by operating activities 265,876 278,748
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of real estate and deposits related to purchases of real estate (98,573) (131,613)
Capital expenditures (272,269) (292,749)
Proceeds from dispositions of real estate 36,869 422,463
Purchases of corporate assets (13,539) (14,825)
Other investing activities (8,457) 719
Net cash used in investing activities (355,969) (16,005)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from non-recourse property debt 608,756 667,965
Principal repayments on non-recourse property debt (702,354) (390,346)
Proceeds from term loan 350,000 0
Net repayments of revolving credit facility (275,000) (160,360)
Payment of debt issuance costs (7,663) (3,625)
Payment of debt extinguishment costs (13,175) (840)
Repurchases of common stock or common units (10,004) (20,682)
Repurchases of preferred stock or preferred units 0 (125,000)
Payment of distributions to General Partner and Special Limited Partner (183,003) (183,319)
Payment of distributions to Limited Partners (10,136) (10,211)
Payment of dividends to holders of Preferred Stock (5,415) (9,047)
Payment of distributions to noncontrolling interests (312) (309)
Redemption of common and preferred units (19,355) (5,071)
Contribution from noncontrolling interests in consolidated real estate partnerships 463,523 4,911
Purchases of noncontrolling interests in consolidated real estate partnerships 0 (3,780)
Other financing activities (14,980) (2,399)
Net cash provided by (used in) financing activities 180,882 (242,113)
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 90,789 20,630
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 177,702 72,595
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD $ 268,491 $ 93,225