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CONSOLIDATED STATEMENTS OF CASH FLOWS (UNITED DOMINION REALTY, L.P.) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operating Activities    
Net income/(loss) $ 40,419 $ 94,342
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 470,420 362,746
(Income)/loss from unconsolidated entities (14,328) (19,387)
Other 4,771 7,815
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (22,628) 49
Increase/(decrease) in operating liabilities (2,217) (6,814)
Net cash provided by/(used in) operating activities 456,592 456,876
Investing Activities    
Capital expenditures and other major improvements - real estate assets (105,257) (113,572)
Distributions received from unconsolidated entities 8,085 61,412
Net cash provided by/(used in) investing activities (292,731) (1,382,802)
Financing Activities    
Proceeds from the issuance of secured debt 160,930 162,500
Payments on secured debt (358,098) (160,547)
Other (9,610) 2,244
Net cash provided by/(used in) financing activities (172,952) 740,576
Net increase/(decrease) in cash, cash equivalents, and restricted cash (9,091) (185,350)
Cash, cash equivalents, and restricted cash, beginning of year 33,291 208,891
Cash, cash equivalents, and restricted cash, end of period 24,200 23,541
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 141,871 125,298
Non-cash transactions:    
Development costs and capital expenditures incurred but not yet paid 27,705 12,174
Recognition of operating lease liabilities   88,336
Right-of-use assets obtained in exchange for operating lease liabilities remeasurements   42,143
Right-of-use asset obtained in exchange for new operating lease liability   94,349
Dividends declared but not yet paid 115,055 108,939
United Dominion Realty L.P.    
Operating Activities    
Net income/(loss) 63,558 79,427
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization 106,065 104,730
(Income)/loss from unconsolidated entities 4,984 6,917
Other 4,382 843
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (8,020) 2,801
Increase/(decrease) in operating liabilities 9,447 3,156
Net cash provided by/(used in) operating activities 180,416 197,874
Investing Activities    
Capital expenditures and other major improvements - real estate assets (36,185) (45,508)
Distributions received from unconsolidated entities 14,533 13,840
Net cash provided by/(used in) investing activities (21,652) (31,668)
Financing Activities    
Proceeds from the issuance of secured debt   72,500
Issuance/(repayment) of notes payable to the General Partner (146,899) (231,011)
Distributions paid to partnership unitholders (10,340) (6,330)
Other (11) (376)
Net cash provided by/(used in) financing activities (157,250) (165,217)
Net increase/(decrease) in cash, cash equivalents, and restricted cash 1,514 989
Cash, cash equivalents, and restricted cash, beginning of year 14,022 13,688
Cash, cash equivalents, and restricted cash, end of period 15,536 14,677
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 31,613 28,755
Non-cash transactions:    
Development costs and capital expenditures incurred but not yet paid 3,834 4,520
Recognition of operating lease right-of-use assets   94,174
Recognition of operating lease liabilities   88,161
Right-of-use assets obtained in exchange for operating lease liabilities remeasurements   42,143
Right-of-use asset obtained in exchange for new operating lease liability 163  
LTIP Unit grants 12,108 21,980
Dividends declared but not yet paid $ 66,833 $ 63,367