XML 20 R6.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
shares in Thousands, $ in Thousands
Total
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Stockholders’ Equity
Total Noncontrolling Interests
Balance at Dec. 31, 2016 $ 5,941,308 $ 468,081 $ 8,198,890 $ (3,089,734) $ (29,642) $ 5,547,595 $ 393,713
Balance (in shares) at Dec. 31, 2016   468,081          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 464,177     461,145   461,145 3,032
Other comprehensive income (loss) 984       984 984  
Issuance of common stock, net 3,472 $ 427 3,045     3,472  
Issuance of common stock, net (in shares)   427          
Conversion of DownREIT units to common stock 0 $ 54 1,494     1,548 (1,548)
Conversion of DownREIT units (in shares)   54          
Repurchase of common stock (3,532) $ (116) (3,416)     (3,532)  
Repurchase of common stock (in shares)   (116)          
Amortization of deferred compensation 3,765   3,765     3,765  
Common dividends (173,629)     (173,629)   (173,629)  
Distributions to noncontrolling interest (5,659)           (5,659)
Issuances of noncontrolling interest 650           650
Deconsolidation of noncontrolling interest (58,061)           (58,061)
Balance at Mar. 31, 2017 6,173,475 $ 468,446 8,203,778 (2,802,218) (28,658) 5,841,348 332,127
Balance (in shares) at Mar. 31, 2017   468,446          
Increase (Decrease) in Stockholders' Equity              
Cumulative effect of new accounting principle [1] 79,144     79,144   79,144  
Adjusted balance 5,674,082 $ 469,436 8,226,113 (3,291,376) (24,024) 5,380,149 293,933
Balance at Dec. 31, 2017 5,594,938 $ 469,436 8,226,113 (3,370,520) (24,024) 5,301,005 293,933
Balance (in shares) at Dec. 31, 2017   469,436          
Increase (Decrease) in Stockholders' Equity              
Net income (loss) 43,237     40,232   40,232 3,005
Other comprehensive income (loss) 2,717       2,717 2,717  
Issuance of common stock, net 2,774 $ 382 2,392     2,774  
Issuance of common stock, net (in shares)   382          
Repurchase of common stock (2,144) $ (93) (2,051)     (2,144)  
Repurchase of common stock (in shares)   (93)          
Amortization of deferred compensation 5,919   5,919     5,919  
Common dividends (174,149)     (174,149)   (174,149)  
Distributions to noncontrolling interest (5,077)           (5,077)
Issuances of noncontrolling interest 995           995
Purchase of noncontrolling interest (67,431)   (49,207)     (49,207) (18,224)
Balance at Mar. 31, 2018 $ 5,480,923 $ 469,725 $ 8,183,166 $ (3,425,293) $ (21,307) $ 5,206,291 $ 274,632
Balance (in shares) at Mar. 31, 2018   469,725          
[1] On January 1, 2018, the Company adopted Accounting Standards Update (“ASU”) No. 2017-05, Clarifying the Scope of Asset Derecognition Guidance and Accounting for Partial Sales of Nonfinancial Assets (“ASU 2017-05”), and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.