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Condensed Consolidated Statements of Cash Flows (L.P.) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Operating activities    
Net income $ 70,014 $ 48,921
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 99,954 90,071
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 2,453 1,829
Noncash share-based compensation 7,405 8,110
Equity in net income of unconsolidated joint ventures (1,478) (366)
Return on investment from unconsolidated joint ventures 2,598 0
Gain on sale and impairment of single-family properties and other, net (22,044) (16,069)
Other changes in operating assets and liabilities:    
Rent and other receivables (3,811) (8,170)
Prepaid expenses and other assets (6,530) 5,742
Deferred leasing costs (535) (975)
Accounts payable and accrued expenses 11,245 23,242
Amounts due from related parties (529) (338)
Net cash provided by operating activities 158,742 151,997
Investing activities    
Cash paid for single-family properties (288,719) (82,118)
Change in escrow deposits for purchase of single-family properties 6,235 (5,341)
Net proceeds received from sales of single-family properties and other 51,407 46,304
Proceeds received from storm-related insurance claims 1,529 0
Payments received on notes for sale of properties 402 0
Investment in unconsolidated joint ventures (5,294) (7,990)
Distributions from joint ventures 22,587 25,893
Renovations to single-family properties (21,721) (9,069)
Recurring and other capital expenditures for single-family properties (24,185) (26,033)
Cash paid for development activity (244,621) (141,618)
Other purchases of productive assets (10,384) (8,258)
Net cash used for investing activities (512,764) (208,230)
Financing activities    
Proceeds from issuances under share-based compensation plans 1,439 1,121
Payments related to tax withholding for share-based compensation (4,058) (2,642)
Payments on asset-backed securitizations (5,876) (6,118)
Proceeds from liabilities related to consolidated land not owned 19,794 0
Distributions to common shareholders (62,635) (47,561)
Distributions to preferred shareholders (5,763) (13,782)
Net cash provided by financing activities 369,235 3,260
Net increase (decrease) in cash, cash equivalents and restricted cash 15,213 (52,973)
Cash, cash equivalents and restricted cash, beginning of period 191,767 265,077
Cash, cash equivalents and restricted cash, end of period 206,980 212,104
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (40,871) (36,388)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 57,500 31,854
Transfers of completed homebuilding deliveries to properties 112,911 72,862
Property and land contributions to unconsolidated joint ventures (10,605) (23,835)
Property and land distributions from unconsolidated joint ventures 8,397 0
Unrealized gain on cash flow hedging instrument 0 9,230
Noncash right-of-use assets obtained in exchange for operating lease liabilities 746 537
Accrued distributions to non-affiliates 303 105
Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 420,000 80,000
Payments on revolving credit facility (360,000) 0
American Homes 4 Rent, L.P.    
Operating activities    
Net income 70,014 48,921
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 99,954 90,071
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 2,453 1,829
Noncash share-based compensation 7,405 8,110
Equity in net income of unconsolidated joint ventures (1,478) (366)
Return on investment from unconsolidated joint ventures 2,598 0
Gain on sale and impairment of single-family properties and other, net (22,044) (16,069)
Other changes in operating assets and liabilities:    
Rent and other receivables (3,811) (8,170)
Prepaid expenses and other assets (6,530) 5,742
Deferred leasing costs (535) (975)
Accounts payable and accrued expenses 11,245 23,242
Amounts due from related parties (529) (338)
Net cash provided by operating activities 158,742 151,997
Investing activities    
Cash paid for single-family properties (288,719) (82,118)
Change in escrow deposits for purchase of single-family properties 6,235 (5,341)
Net proceeds received from sales of single-family properties and other 51,407 46,304
Proceeds received from storm-related insurance claims 1,529 0
Payments received on notes for sale of properties 402 0
Investment in unconsolidated joint ventures (5,294) (7,990)
Distributions from joint ventures 22,587 25,893
Renovations to single-family properties (21,721) (9,069)
Recurring and other capital expenditures for single-family properties (24,185) (26,033)
Cash paid for development activity (244,621) (141,618)
Other purchases of productive assets (10,384) (8,258)
Net cash used for investing activities (512,764) (208,230)
Financing activities    
Proceeds from issuances under share-based compensation plans 1,439 1,121
Payments related to tax withholding for share-based compensation (4,058) (2,642)
Payments on asset-backed securitizations (5,876) (6,118)
Proceeds from liabilities related to consolidated land not owned 19,794 0
Distributions to common shareholders (71,941) (55,319)
Distributions to preferred shareholders (5,763) (13,782)
Net cash provided by financing activities 369,235 3,260
Net increase (decrease) in cash, cash equivalents and restricted cash 15,213 (52,973)
Cash, cash equivalents and restricted cash, beginning of period 191,767 265,077
Cash, cash equivalents and restricted cash, end of period 206,980 212,104
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (40,871) (36,388)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 57,500 31,854
Transfers of completed homebuilding deliveries to properties 112,911 72,862
Property and land contributions to unconsolidated joint ventures (10,605) (23,835)
Property and land distributions from unconsolidated joint ventures 8,397 0
Unrealized gain on cash flow hedging instrument 0 9,230
Noncash right-of-use assets obtained in exchange for operating lease liabilities 746 537
Accrued distributions to non-affiliates 303 105
American Homes 4 Rent, L.P. | Class A common shares/units    
Financing activities    
Proceeds from issuance of Class A common units 375,840 0
Payments of Class A common unit issuance costs (200) 0
American Homes 4 Rent, L.P. | Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 420,000 80,000
Payments on revolving credit facility $ (360,000) $ 0