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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net income $ 37,527 $ 33,091
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,821 81,161
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instrument 1,849 1,810
Noncash share-based compensation 1,808 952
Equity in net losses of unconsolidated joint ventures 1,231 26
Net gain on sale of single-family properties and other (10,765) (5,649)
Loss on impairment of single-family properties and other 4,446 504
Other changes in operating assets and liabilities:    
Rent and other receivables (3,746) (3,801)
Prepaid expenses and other assets (5,980) (1,096)
Deferred leasing costs (910) (999)
Accounts payable and accrued expenses 18,397 42,010
Amounts payable to affiliates (182) (73)
Net cash provided by operating activities 126,496 147,936
Investing activities    
Cash paid for single-family properties (102,575) (57,740)
Change in escrow deposits for purchase of single-family properties 2,259 (870)
Net proceeds received from sales of single-family properties and other 81,257 32,919
Proceeds received from hurricane-related insurance claims 3,408 0
Investment in unconsolidated joint ventures (1,000) 0
Distributions from joint ventures 887 282
Renovations to single-family properties (858) (9,727)
Recurring and other capital expenditures for single-family properties (21,224) (15,703)
Cash paid for development activity (138,957) (79,990)
Other purchases of productive assets (2,411) (40)
Net cash provided by (used for) investing activities (179,214) (130,869)
Financing activities    
Proceeds from exercise of stock options 1,449 60
Payments related to tax withholding for share-based compensation (1,612) (830)
Payments on asset-backed securitizations (5,435) (5,556)
Distributions to noncontrolling interests (5,178) (2,748)
Distributions to common shareholders/unitholders (30,114) (14,832)
Distributions to preferred shareholders/unitholders (13,782) 0
Deferred financing costs paid 0 (3,572)
Net cash provided by (used for) financing activities 50,328 120,466
Net increase (decrease) in cash, cash equivalents and restricted cash (2,390) 137,533
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 164,119 175,214
Cash, cash equivalents and restricted cash, end of period (see Note 3) 161,729 312,747
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (37,987) (32,042)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 9,618 6,769
Transfers of completed homebuilding deliveries to properties 75,498 23,055
Property and land contributions to an unconsolidated joint venture 9,835 0
Accrued distributions to affiliates 0 4,768
Accrued distributions to non-affiliates 41 26,633
American Homes 4 Rent, L.P.    
Operating activities    
Net income 37,527 33,091
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 82,821 81,161
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instrument 1,849 1,810
Noncash share-based compensation 1,808 952
Equity in net losses of unconsolidated joint ventures 1,231 26
Net gain on sale of single-family properties and other (10,765) (5,649)
Loss on impairment of single-family properties and other 4,446 504
Other changes in operating assets and liabilities:    
Rent and other receivables (3,746) (3,801)
Prepaid expenses and other assets (5,980) (1,096)
Deferred leasing costs (910) (999)
Accounts payable and accrued expenses 18,397 42,010
Amounts payable to affiliates (182) (73)
Net cash provided by operating activities 126,496 147,936
Investing activities    
Cash paid for single-family properties (102,575) (57,740)
Change in escrow deposits for purchase of single-family properties 2,259 (870)
Net proceeds received from sales of single-family properties and other 81,257 32,919
Proceeds received from hurricane-related insurance claims 3,408 0
Investment in unconsolidated joint ventures (1,000) 0
Distributions from joint ventures 887 282
Renovations to single-family properties (858) (9,727)
Recurring and other capital expenditures for single-family properties (21,224) (15,703)
Cash paid for development activity (138,957) (79,990)
Other purchases of productive assets (2,411) (40)
Net cash provided by (used for) investing activities (179,214) (130,869)
Financing activities    
Proceeds from exercise of stock options 1,449 60
Payments related to tax withholding for share-based compensation (1,612) (830)
Payments on asset-backed securitizations (5,435) (5,556)
Distributions to common shareholders/unitholders (35,292) (17,580)
Distributions to preferred shareholders/unitholders (13,782) 0
Deferred financing costs paid 0 (3,572)
Net cash provided by (used for) financing activities 50,328 120,466
Net increase (decrease) in cash, cash equivalents and restricted cash (2,390) 137,533
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 164,119 175,214
Cash, cash equivalents and restricted cash, end of period (see Note 3) 161,729 312,747
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (37,987) (32,042)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 9,618 6,769
Transfers of completed homebuilding deliveries to properties 75,498 23,055
Property and land contributions to an unconsolidated joint venture 9,835 0
Accrued distributions to affiliates 0 4,768
Accrued distributions to non-affiliates 41 26,633
Unsecured Senior Notes    
Financing activities    
Proceeds from unsecured senior notes, net of discount 0 397,944
Unsecured Senior Notes | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from unsecured senior notes, net of discount 0 397,944
Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 105,000 0
Payments on revolving credit facility 0 (250,000)
Revolving Credit Facility | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from revolving credit facility 105,000 0
Payments on revolving credit facility $ 0 $ (250,000)