XML 83 R68.htm IDEA: XBRL DOCUMENT v3.20.2
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNITED DOMINION REALTY, L.P.) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Operating Activities    
Net income/(loss) $ 67,636 $ 64,920
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 314,584 233,736
(Income)/loss from unconsolidated entities (11,388) (6,674)
Other 8,203 6,587
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (20,282) (2,166)
Increase/(decrease) in operating liabilities 6,741 (18,094)
Net cash provided by/(used in) operating activities 317,015 286,421
Investing Activities    
Acquisition of real estate assets (141,727) (730,820)
Proceeds from sales of real estate investments, net 133,934 38,000
Capital expenditures and other major improvements - real estate assets (64,083) (70,240)
Distributions received from unconsolidated entities 5,731 26,906
Net cash provided by/(used in) investing activities (161,894) (805,993)
Financing Activities    
Payments on secured debt (31,621) (1,900)
Other (5,840) 3,714
Net cash provided by/(used in) financing activities (165,536) 334,704
Net increase/(decrease) in cash, cash equivalents, and restricted cash (10,415) (184,868)
Cash, cash equivalents, and restricted cash, beginning of year 33,291 208,891
Cash, cash equivalents, and restricted cash, end of period 22,876 24,023
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 84,643 67,474
Non-cash transactions:    
Development costs and capital expenditures incurred but not yet paid 26,400 12,251
Recognition of operating lease liabilities   88,336
Right-of-use asset obtained in exchange for new operating lease liability   94,349
Dividends declared but not yet paid 115,254 105,611
United Dominion Realty L.P.    
Operating Activities    
Net income/(loss) 44,501 52,144
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 70,730 69,575
(Income)/loss from unconsolidated entities 3,422 4,534
Other 4,775 1,674
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (6,864) (1,397)
Increase/(decrease) in operating liabilities 1,234 (123)
Net cash provided by/(used in) operating activities 117,798 126,407
Investing Activities    
Capital expenditures and other major improvements - real estate assets (22,893) (28,826)
Distributions received from unconsolidated entities 9,689 9,227
Net cash provided by/(used in) investing activities (13,204) (19,599)
Financing Activities    
Issuance/(repayment) of notes payable to the General Partner (96,891) (103,066)
Distributions paid to partnership unitholders (7,142) (3,256)
Other (10)  
Net cash provided by/(used in) financing activities (104,043) (106,322)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 551 486
Cash, cash equivalents, and restricted cash, beginning of year 14,022 13,688
Cash, cash equivalents, and restricted cash, end of period 14,573 14,174
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 21,117 19,287
Non-cash transactions:    
Development costs and capital expenditures incurred but not yet paid 3,576 4,009
Recognition of operating lease right-of-use assets   94,174
Recognition of operating lease liabilities   88,161
Right-of-use asset obtained in exchange for new operating lease liability 91  
LTIP Unit grants 8,664 15,417
Dividends declared but not yet paid $ 66,833 $ 63,367