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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Operating activities    
Net income $ 45,959 $ 1,108
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 221,459 224,513
Noncash amortization of deferred financing costs 6,285 7,912
Noncash amortization of discount on exchangeable senior notes 2,624 1,955
Noncash amortization of discount on ARP 2014-SFR1 securitization 0 1,744
Noncash share-based compensation 3,175 2,744
Provision for bad debt 5,142 5,092
Hurricane-related charges, net 10,136 0
Loss on early extinguishment of debt 6,555 13,408
Gain on conversion of Series E units to Series D units 0 (11,463)
Remeasurement of participating preferred shares/units (1,341) 2,940
Equity in net earnings of unconsolidated ventures (1,367) (418)
Net gain on sale of single-family properties and other (6,375) (12,574)
Loss on impairment of single-family properties 3,786 1,467
Net gain on resolutions of mortgage loans (17) (7,205)
Other changes in operating assets and liabilities:    
Rent and other receivables (11,929) (12,110)
Prepaid expenses and other assets (5,690) (429)
Deferred leasing costs (5,361) (6,199)
Accounts payable and accrued expenses 71,325 47,920
Amounts payable to affiliates 5,009 (5,425)
Net cash provided by operating activities 349,375 254,980
Investing activities    
Cash paid for single-family properties (462,875) (187,886)
Change in escrow deposits for purchase of single-family properties (2,710) (821)
Cash acquired in noncash business combinations 0 25,020
Payoff of credit facility in connection with ARPI merger 0 (350,000)
Net proceeds received from sales of single-family properties and other 68,618 71,894
Net proceeds received from sales of non-performing loans 0 44,538
Purchase of commercial office buildings 0 (27,105)
Collections from mortgage financing receivables 83 17,687
Distributions from unconsolidated joint ventures 5,981 6,400
Renovations to single-family properties (31,208) (21,710)
Other capital expenditures for single-family properties (26,725) (22,026)
Other purchases of productive assets (38,060) 0
Net cash used for investing activities (486,896) (444,009)
Financing activities    
Proceeds from issuance of Class A common shares 694,765 0
Proceeds from issuance of perpetual preferred shares/units 270,000 498,750
Proceeds from exercise of stock options 988 2,777
Repurchase of Class A common shares/units 0 (96,098)
Redemptions of Class A units (169) (399)
Payments on asset-backed securitizations (472,470) (374,031)
Payments on secured note payable (721) (687)
Distributions to noncontrolling interests (8,333) (8,582)
Distributions to common shareholders/units (38,890) (35,997)
Distributions to preferred shareholders/units (46,122) (26,650)
Deferred financing costs paid (3,974) (10,425)
Net cash provided by financing activities 250,401 257,736
Net increase in cash, cash equivalents and restricted cash 112,880 68,707
Cash, cash equivalents and restricted cash, beginning of period 250,241 168,968
Cash, cash equivalents and restricted cash, end of period (see Note 3) 363,121 237,675
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (77,964) (87,707)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions and renovations 7,151 (226)
Transfer of term loan borrowings to revolving credit facility 50,000 0
Transfer of deferred financing costs from term loan to revolving credit facility 1,524 0
Transfers of completed homebuilding deliveries to properties 3,010 0
Note receivable related to a bulk sale of properties, net of discount 5,635 0
American Homes 4 Rent, L.P.    
Operating activities    
Net income 45,959 1,108
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 221,459 224,513
Noncash amortization of deferred financing costs 6,285 7,912
Noncash amortization of discount on exchangeable senior notes 2,624 1,955
Noncash amortization of discount on ARP 2014-SFR1 securitization 0 1,744
Noncash share-based compensation 3,175 2,744
Provision for bad debt 5,142 5,092
Hurricane-related charges, net 10,136 0
Loss on early extinguishment of debt 6,555 13,408
Gain on conversion of Series E units to Series D units 0 (11,463)
Remeasurement of participating preferred shares/units (1,341) 2,940
Equity in net earnings of unconsolidated ventures (1,367) (418)
Net gain on sale of single-family properties and other (6,375) (12,574)
Loss on impairment of single-family properties 3,786 1,467
Net gain on resolutions of mortgage loans (17) (7,205)
Other changes in operating assets and liabilities:    
Rent and other receivables (11,929) (12,110)
Prepaid expenses and other assets (5,690) (429)
Deferred leasing costs (5,361) (6,199)
Accounts payable and accrued expenses 71,325 47,920
Amounts payable to affiliates 5,009 (5,425)
Net cash provided by operating activities 349,375 254,980
Investing activities    
Cash paid for single-family properties (462,875) (187,886)
Change in escrow deposits for purchase of single-family properties (2,710) (821)
Cash acquired in noncash business combinations 0 25,020
Payoff of credit facility in connection with ARPI merger 0 (350,000)
Net proceeds received from sales of single-family properties and other 68,618 71,894
Net proceeds received from sales of non-performing loans 0 44,538
Purchase of commercial office buildings 0 (27,105)
Collections from mortgage financing receivables 83 17,687
Distributions from unconsolidated joint ventures 5,981 6,400
Renovations to single-family properties (31,208) (21,710)
Other capital expenditures for single-family properties (26,725) (22,026)
Other purchases of productive assets (38,060) 0
Net cash used for investing activities (486,896) (444,009)
Financing activities    
Proceeds from issuance of Class A common shares 694,765 0
Proceeds from issuance of perpetual preferred shares/units 270,000 498,750
Proceeds from exercise of stock options 988 2,777
Repurchase of Class A common shares/units 0 (96,098)
Redemptions of Class A units (169) (399)
Payments on asset-backed securitizations (472,470) (374,031)
Payments on secured note payable (721) (687)
Distributions to noncontrolling interests 0 (230)
Distributions to common shareholders/units (47,223) (43,493)
Distributions to preferred shareholders/units (46,122) (26,650)
Deferred financing costs paid (3,974) (10,425)
Net cash provided by financing activities 250,401 257,736
Net increase in cash, cash equivalents and restricted cash 112,880 68,707
Cash, cash equivalents and restricted cash, beginning of period 250,241 168,968
Cash, cash equivalents and restricted cash, end of period (see Note 3) 363,121 237,675
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (77,964) (87,707)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions and renovations 7,151 (226)
Transfer of term loan borrowings to revolving credit facility 50,000 0
Transfer of deferred financing costs from term loan to revolving credit facility 1,524 0
Transfers of completed homebuilding deliveries to properties 3,010 0
Note receivable related to a bulk sale of properties, net of discount 5,635 0
American Residential Properties Inc.    
Merger with ARPI    
Single-family properties 0 1,277,253
Restricted cash 0 9,521
Rent and other receivables, net 0 843
Escrow deposits, prepaid expenses and other assets 0 35,134
Deferred costs and other intangibles, net 0 22,696
Accounts payable and accrued expenses 0 (38,485)
American Residential Properties Inc. | American Homes 4 Rent, L.P.    
Merger with ARPI    
Single-family properties 0 1,277,253
Restricted cash 0 9,521
Rent and other receivables, net 0 843
Escrow deposits, prepaid expenses and other assets 0 35,134
Deferred costs and other intangibles, net 0 22,696
Accounts payable and accrued expenses 0 (38,485)
Class A common shares and units issued 0 (530,460)
American Residential Properties Inc. | Asset-backed securitization    
Merger with ARPI    
Debt assumed or extinguished 0 (329,703)
American Residential Properties Inc. | Asset-backed securitization | American Homes 4 Rent, L.P.    
Merger with ARPI    
Debt assumed or extinguished 0 (329,703)
American Residential Properties Inc. | Senior Notes    
Merger with ARPI    
Debt assumed or extinguished 0 (112,298)
American Residential Properties Inc. | Senior Notes | American Homes 4 Rent, L.P.    
Merger with ARPI    
Debt assumed or extinguished 0 (112,298)
Term Loan facility    
Financing activities    
Proceeds from credit facility 25,000 250,000
Payments on credit facility (100,000) 0
Term Loan facility | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from credit facility 25,000 250,000
Payments on credit facility (100,000) 0
Revolving Credit Facility    
Financing activities    
Proceeds from credit facility 62,000 951,000
Payments on credit facility (112,000) (876,000)
Revolving Credit Facility | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from credit facility 62,000 951,000
Payments on credit facility (112,000) (876,000)
Class A common shares/units    
Financing activities    
Stock issuance costs (10,444) 0
Class A common shares/units | American Homes 4 Rent, L.P.    
Financing activities    
Stock issuance costs (10,444) 0
Class A common shares/units | American Residential Properties Inc.    
Merger with ARPI    
Class A common shares and units issued 0 (530,460)
Preferred Shares/Units    
Financing activities    
Stock issuance costs (9,229) (15,922)
Preferred Shares/Units | American Homes 4 Rent, L.P.    
Financing activities    
Stock issuance costs (9,229) (15,922)
Series D Perpetual Preferred Shares/Units | American Homes 4 Rent, L.P.    
Financing activities    
Distributions to preferred shareholders/units $ 0 $ (856)