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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating activities    
Net income $ 33,091 $ 21,525
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 81,161 79,303
Noncash amortization of deferred financing costs 1,956 1,900
Noncash amortization of discounts on debt instruments 95 935
Noncash amortization of cash flow hedging instrument (241) (120)
Noncash share-based compensation 952 975
Provision for bad debt 1,768 2,000
Remeasurement of participating preferred shares 0 (1,212)
Equity in net earnings of unconsolidated ventures 26 (314)
Net gain on sale of single-family properties and other (5,649) (2,256)
Loss on impairment of single-family properties 504 700
Other changes in operating assets and liabilities:    
Rent and other receivables (5,569) (3,886)
Prepaid expenses and other assets (1,096) (13,476)
Deferred leasing costs (999) (2,723)
Accounts payable and accrued expenses 42,010 29,150
Amounts payable to affiliates (73) (10)
Net cash provided by operating activities 147,936 112,491
Investing activities    
Cash paid for single-family properties (57,740) (149,674)
Change in escrow deposits for purchase of single-family properties (870) (4,115)
Net proceeds received from sales of single-family properties and other 32,919 11,967
Proceeds received from hurricane-related insurance claims 0 4,000
Distributions from joint ventures 282 1,230
Initial renovations to single-family properties (9,727) (20,400)
Recurring and other capital expenditures for single-family properties (15,703) (11,167)
Cash paid for development activity (79,990) 0
Other purchases of productive assets (40) (53,472)
Net cash provided by (used for) investing activities (130,869) (221,631)
Financing activities    
Repurchase of Class A common shares/units 0 (34,969)
Share-based compensation (payments) proceeds, net (770) (414)
Payments on asset-backed securitizations (5,556) (5,312)
Payments on secured note payable 0 (255)
Settlement of cash flow hedging instrument 0 9,628
Distributions to noncontrolling interests (2,748) (5,457)
Distributions to common shareholders/unitholders (14,832) (14,337)
Distributions to preferred shareholders/unitholders 0 (14,597)
Deferred financing costs paid (3,572) (5,025)
Net cash provided by (used for) financing activities 120,466 286,472
Net increase (decrease) in cash, cash equivalents and restricted cash 137,533 177,332
Cash, cash equivalents and restricted cash, beginning of period 175,214 182,823
Cash, cash equivalents and restricted cash, end of period (see Note 3) 312,747 360,155
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (32,042) (22,690)
Supplemental schedule of noncash investing and financing activities    
Accrued property acquisitions, renovations and development expenditures 6,769 9,375
Transfers of completed homebuilding deliveries to properties 23,055 8,693
Accrued distributions to affiliates 4,768 (2,719)
Accrued distributions to non-affiliates 26,633 25
American Homes 4 Rent, L.P.    
Operating activities    
Net income 33,091 21,525
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 81,161 79,303
Noncash amortization of deferred financing costs 1,956 1,900
Noncash amortization of discounts on debt instruments 95 935
Noncash amortization of cash flow hedging instrument (241) (120)
Noncash share-based compensation 952 975
Provision for bad debt 1,768 2,000
Remeasurement of participating preferred shares 0 (1,212)
Equity in net earnings of unconsolidated ventures 26 (314)
Net gain on sale of single-family properties and other (5,649) (2,256)
Loss on impairment of single-family properties 504 700
Other changes in operating assets and liabilities:    
Rent and other receivables (5,569) (3,886)
Prepaid expenses and other assets (1,096) (13,476)
Deferred leasing costs (999) (2,723)
Accounts payable and accrued expenses 42,010 29,150
Amounts payable to affiliates (73) (10)
Net cash provided by operating activities 147,936 112,491
Investing activities    
Cash paid for single-family properties (57,740) (149,674)
Change in escrow deposits for purchase of single-family properties (870) (4,115)
Net proceeds received from sales of single-family properties and other 32,919 11,967
Proceeds received from hurricane-related insurance claims 0 4,000
Distributions from joint ventures 282 1,230
Initial renovations to single-family properties (9,727) (20,400)
Recurring and other capital expenditures for single-family properties (15,703) (11,167)
Cash paid for development activity (79,990) 0
Other purchases of productive assets (40) (53,472)
Net cash provided by (used for) investing activities (130,869) (221,631)
Financing activities    
Repurchase of Class A common shares/units 0 (34,969)
Share-based compensation (payments) proceeds, net (770) (414)
Payments on asset-backed securitizations (5,556) (5,312)
Payments on secured note payable 0 (255)
Settlement of cash flow hedging instrument 0 9,628
Distributions to common shareholders/unitholders (17,580) (19,794)
Distributions to preferred shareholders/unitholders 0 (14,597)
Deferred financing costs paid (3,572) (5,025)
Net cash provided by (used for) financing activities 120,466 286,472
Net increase (decrease) in cash, cash equivalents and restricted cash 137,533 177,332
Cash, cash equivalents and restricted cash, beginning of period 175,214 182,823
Cash, cash equivalents and restricted cash, end of period (see Note 3) 312,747 360,155
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (32,042) (22,690)
Supplemental schedule of noncash investing and financing activities    
Accrued property acquisitions, renovations and development expenditures 6,769 9,375
Transfers of completed homebuilding deliveries to properties 23,055 8,693
Accrued distributions to affiliates 4,768 (2,719)
Accrued distributions to non-affiliates 26,633 25
Unsecured Senior Notes    
Financing activities    
Proceeds from unsecured senior notes, net of discount 397,944 497,210
Unsecured Senior Notes | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from unsecured senior notes, net of discount 397,944 497,210
Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 0 100,000
Payments on revolving credit facility (250,000) (240,000)
Revolving Credit Facility | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from revolving credit facility 0 100,000
Payments on revolving credit facility $ (250,000) $ (240,000)