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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNITED DOMINION REALTY, L.P.)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Dec. 31, 2017
USD ($)
Dec. 31, 2016
USD ($)
Operating Activities      
Net income/(loss) $ 221,542 $ 132,655 $ 320,380
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:      
Depreciation and amortization 435,679 436,462 425,638
(Gain)/loss on sale of real estate owned (136,197) (43,404) (226,199)
(Income)/loss from unconsolidated entities 5,055 (31,257) (52,234)
Other 4,998 20,467 39,490
Changes in operating assets and liabilities:      
(Increase)/decrease in operating assets (13,880) (9,008) (29,399)
Increase/(decrease) in operating liabilities 24,987 (4,278) (12,084)
Net cash provided by/(used in) operating activities 560,676 518,915 536,568
Investing Activities      
Acquisition of real estate assets   (96,791) (163,015)
Proceeds from sales of real estate investments, net 247,031 71,235 301,799
Capital expenditures and other major improvements — real estate assets, net of escrow reimbursement (112,359) (124,728) (91,740)
Distributions received from unconsolidated entities 42,683 116,329 66,116
Net cash provided by/(used in) investing activities (113,548) (407,406) (112,720)
Financing Activities      
Payments on secured debt (279,243) (326,346) (375,308)
Other (41,485) (21,361) (11,154)
Net cash provided by/(used in) financing activities (260,067) (111,785) (429,282)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 187,061 (276) (5,434)
Cash, cash equivalents, and restricted cash, beginning of year 21,830 22,106 27,540
Cash, cash equivalents, and restricted cash, end of year 208,891 21,830 22,106
Supplemental Information:      
Interest paid during the period, net of amounts capitalized 132,466 126,348 124,635
Non-cash transactions:      
Development costs and capital expenditures incurred but not yet paid 10,304 43,930 46,285
Distributions declared but not yet paid 97,666 91,455 86,936
United Dominion Reality L.P.      
Operating Activities      
Net income/(loss) 231,485 107,855 79,262
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:      
Depreciation and amortization 143,481 152,473 147,074
(Gain)/loss on sale of real estate owned (75,507) (41,272) (33,180)
(Income)/loss from unconsolidated entities (43,496) 19,256 37,425
Other 1,771 5,642 1,769
Changes in operating assets and liabilities:      
(Increase)/decrease in operating assets (3,260) (3,992) (3,251)
Increase/(decrease) in operating liabilities 1,194 (4,705) (158)
Net cash provided by/(used in) operating activities 255,668 235,257 228,941
Investing Activities      
Acquisition of real estate assets   (137,332)  
Proceeds from sales of real estate investments, net 98,533 67,985 44,553
Capital expenditures and other major improvements — real estate assets, net of escrow reimbursement (44,227) (53,346) (69,902)
Distributions received from unconsolidated entities 17,377 16,704 15,894
Net cash provided by/(used in) investing activities 71,683 (105,989) (9,455)
Financing Activities      
Advances (to)/from the General Partner, net (348,381) 163,196 (180,391)
Payments on secured debt (133,205) (275,345) (30,322)
Issuance of notes payable to the General Partner 169,577    
Distributions paid to partnership unitholders (12,705) (11,694) (10,770)
Other (1,821) (5,003)  
Net cash provided by/(used in) financing activities (326,535) (128,846) (221,483)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 816 422 (1,997)
Cash, cash equivalents, and restricted cash, beginning of year 12,872 12,450 14,447
Cash, cash equivalents, and restricted cash, end of year 13,688 12,872 12,450
Supplemental Information:      
Interest paid during the period, net of amounts capitalized 17,173 24,331 22,922
Non-cash transactions:      
Reallocation of credit facilities debt from the General Partner     12,292
Development costs and capital expenditures incurred but not yet paid 2,056 2,032 5,098
LTIP Unit grants 15,839 7,763 3,735
Distributions declared but not yet paid 59,461 $ 57,025 $ 54,192
Conversion of Advances (to)/from the General Partner to notes payable $ 257,204