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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNITED DOMINION REALTY, L.P.) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating Activities    
Net income/(loss) $ 5,540 $ 26,602
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 157,501 114,124
(Income)/loss from unconsolidated entities (3,367) (49)
Other (1,215) 3,910
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets 114 2,295
Increase/(decrease) in operating liabilities (31,666) (17,463)
Net cash provided by/(used in) operating activities 135,456 137,333
Investing Activities    
Acquisition of real estate assets (141,727) (403,245)
Capital expenditures and other major improvements - real estate assets (32,983) (31,264)
Distributions received from unconsolidated entities 3,271 10,797
Net cash provided by/(used in) investing activities (214,044) (459,749)
Financing Activities    
Payments on secured debt (2,781) (962)
Other (3,964) 1,706
Net cash provided by/(used in) financing activities 68,226 137,679
Net increase/(decrease) in cash, cash equivalents, and restricted cash (10,362) (184,737)
Cash, cash equivalents, and restricted cash, beginning of year 33,291 208,891
Cash, cash equivalents, and restricted cash, end of period 22,929 24,154
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 57,320 44,271
Non-cash transactions:    
Development costs and capital expenditures incurred but not yet paid 25,568 10,745
Recognition of operating lease liabilities   88,336
Dividends declared but not yet paid 115,259 105,548
United Dominion Realty L.P.    
Operating Activities    
Net income/(loss) 24,640 24,334
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 35,300 34,654
(Income)/loss from unconsolidated entities 1,761 2,740
Other 880 1,364
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (500) 2,529
Increase/(decrease) in operating liabilities 3,324 3,006
Net cash provided by/(used in) operating activities 65,405 68,627
Investing Activities    
Capital expenditures and other major improvements - real estate assets (10,960) (14,271)
Distributions received from unconsolidated entities 4,844 4,613
Net cash provided by/(used in) investing activities (6,116) (9,658)
Financing Activities    
Issuance/(repayment) of notes payable to the General Partner (56,497) (55,599)
Distributions paid to partnership unitholders (2,653) (2,989)
Net cash provided by/(used in) financing activities (59,150) (58,588)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 139 381
Cash, cash equivalents, and restricted cash, beginning of year 14,022 13,688
Cash, cash equivalents, and restricted cash, end of period 14,161 14,069
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 10,665 5,031
Non-cash transactions:    
Development costs and capital expenditures incurred but not yet paid 3,383 3,676
Recognition of operating lease right-of-use assets   94,174
Recognition of operating lease liabilities   88,161
LTIP Unit grants 5,534 10,032
Dividends declared but not yet paid $ 66,833 $ 63,451