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CONSOLIDATED STATEMENTS OF EQUITY AND REDEEMABLE NONCONTROLLING INTERESTS - USD ($)
shares in Thousands, $ in Thousands
Total
Total Stockholders’ Equity
Common Stock
Additional Paid-In Capital
Cumulative Dividends In Excess Of Earnings
Accumulated Other Comprehensive Income (Loss)
Total Noncontrolling Interests
Cumulative Effect, Period of Adoption, Adjustment
[1]
Cumulative Effect, Period of Adoption, Adjustment
Total Stockholders’ Equity
[1]
Cumulative Effect, Period of Adoption, Adjustment
Cumulative Dividends In Excess Of Earnings
[1]
Cumulative Effect, Period of Adoption, Adjusted Balance
Cumulative Effect, Period of Adoption, Adjusted Balance
Total Stockholders’ Equity
Cumulative Effect, Period of Adoption, Adjusted Balance
Common Stock
Cumulative Effect, Period of Adoption, Adjusted Balance
Additional Paid-In Capital
Cumulative Effect, Period of Adoption, Adjusted Balance
Cumulative Dividends In Excess Of Earnings
Cumulative Effect, Period of Adoption, Adjusted Balance
Accumulated Other Comprehensive Income (Loss)
Cumulative Effect, Period of Adoption, Adjusted Balance
Total Noncontrolling Interests
Balance (in shares) at Dec. 31, 2019     505,222                   505,222        
Balance at Dec. 31, 2019 $ 6,658,859 $ 6,076,443 $ 505,222 $ 9,175,277 $ (3,601,199) $ (2,857) $ 582,416 $ (1,524) $ (1,524) $ (1,524) $ 6,657,335 $ 6,074,919 $ 505,222 $ 9,175,277 $ (3,602,723) $ (2,857) $ 582,416
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 428,253 413,563     413,563   14,690                    
Other comprehensive income (loss) (828) (828)       (828)                      
Issuance of common stock, net (in shares)     33,307                            
Issuance of common stock, net 1,067,071 1,067,071 $ 33,307 1,033,764                          
Conversion of DownREIT units to common stock (in shares)     120                            
Conversion of DownREIT units to common stock 0 4,077 $ 120 3,957     (4,077)                    
Repurchase of common stock (in shares)     (298)                            
Repurchase of common stock (10,529) (10,529) $ (298) (10,231)                          
Exercise of stock options (in shares)     54                            
Exercise of stock options 1,806 1,806 $ 54 1,752                          
Amortization of stock-based compensation 20,534 20,534   20,534                          
Common dividends (787,072) (787,072)     (787,072)                        
Distributions to noncontrolling interests (36,994)           (36,994)                    
Purchase of noncontrolling interests (3,619) (3,811)   (3,811)     192                    
Adjustments to redemption value of redeemable noncontrolling interests (46,007) (46,007)   (46,007)                          
Balance (in shares) at Dec. 31, 2020     538,405                            
Balance at Dec. 31, 2020 7,289,950 6,733,723 $ 538,405 10,175,235 (3,976,232) (3,685) 556,227                    
Beginning balance at Dec. 31, 2019 11,106                                
Increase (Decrease) in Redeemable Noncontrolling Interests                                  
Distributions to noncontrolling interests (160)                                
Contributions from noncontrolling interests 443                                
Adjustments to redemption value of redeemable noncontrolling interests 46,007                                
Ending balance at Dec. 31, 2020 57,396                                
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 525,886 505,540     505,540   20,346                    
Other comprehensive income (loss) 538 538       538                      
Issuance of common stock, net (in shares)     1,005                            
Issuance of common stock, net 1,745 1,745 $ 1,005 740                          
Conversion of DownREIT units to common stock (in shares)     8                            
Conversion of DownREIT units to common stock 0 201 $ 8 193     (201)                    
Repurchase of common stock (in shares)     (418)                            
Repurchase of common stock (12,841) (12,841) $ (418) (12,423)                          
Exercise of stock options (in shares)     97                            
Exercise of stock options 3,291 3,291 $ 97 3,194                          
Amortization of stock-based compensation 22,851 22,851   22,851                          
Common dividends (650,082) (650,082)     (650,082)                        
Distributions to noncontrolling interests (33,017)           (33,017)                    
Purchase of noncontrolling interests (70) (5)   (5)     (65)                    
Adjustments to redemption value of redeemable noncontrolling interests (89,491) (89,491)   (89,491)                          
Balance (in shares) at Dec. 31, 2021     539,097                            
Balance at Dec. 31, 2021 7,058,760 6,515,470 $ 539,097 10,100,294 (4,120,774) (3,147) 543,290                    
Increase (Decrease) in Redeemable Noncontrolling Interests                                  
Distributions to noncontrolling interests (162)                                
Purchase of noncontrolling interests (60,065)                                
Contributions from noncontrolling interests 640                                
Adjustments to redemption value of redeemable noncontrolling interests 89,491                                
Ending balance at Dec. 31, 2021 87,344                                
Increase (Decrease) in Stockholders' Equity                                  
Net income (loss) 516,325 500,449     500,449   $ 15,876                    
Other comprehensive income (loss) 31,281 31,281       31,281                      
Issuance of common stock, net (in shares)     9,936                            
Issuance of common stock, net 309,417 309,417 $ 9,936 299,481                          
Conversion of DownREIT units to common stock (in shares)     27       7,000                    
Conversion of DownREIT units to common stock 0 880 $ 27 853     $ (880)                    
Repurchase of common stock (in shares)     (2,418)                            
Repurchase of common stock (67,838) (67,838) $ (2,418) (65,420)                          
Amortization of stock-based compensation 31,412 31,412   31,412                          
Common dividends (649,364) (649,364)     (649,364)                        
Distributions to noncontrolling interests (30,389)           (30,389)                    
Adjustments to redemption value of redeemable noncontrolling interests (17,006) (17,006)   (17,006)                          
Balance (in shares) at Dec. 31, 2022     546,642                            
Balance at Dec. 31, 2022 7,182,598 $ 6,654,701 $ 546,642 $ 10,349,614 $ (4,269,689) $ 28,134 $ 527,897                    
Increase (Decrease) in Redeemable Noncontrolling Interests                                  
Net income (loss) 99                                
Distributions to noncontrolling interests (160)                                
Contributions from noncontrolling interests 1,390                                
Adjustments to redemption value of redeemable noncontrolling interests 17,006                                
Ending balance at Dec. 31, 2022 $ 105,679                                
[1] On January 1, 2020, the Company adopted a series of Accounting Standards Updates (“ASUs”) related to accounting for credit losses and recognized the cumulative-effect of adoption to beginning retained earnings. Refer to Note 2 for a detailed impact of adoption.