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Consolidated Statements of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Cash Flows From Operating Activities:    
Consolidated net income $ 43,890 $ 40,468
Adjustments to reconcile consolidated net income to net cash provided by operating activities:    
Gain on sale of property, net of tax 0 (958)
Depreciation expense 27,830 26,951
Amortization of in-place leases 1,315 159
Amortization of loan costs 1,232 1,398
Debt premium amortization (1,323) (1,504)
Equity in income of unconsolidated joint ventures (1,887) (576)
Distributions from unconsolidated joint ventures 1,312 478
Amortization of stock-related compensation 733 1,134
Revenue recognized from right-to-use contract upfront payments (1,776) (1,791)
Commission expense recognized related to right-to-use contracts 684 630
Accrued long term incentive plan compensation 475 481
Provision for uncollectible rents receivable (606) (42)
Changes in assets and liabilities:    
Notes receivable activity, net (937) 471
Deferred commission expense (1,239) (1,093)
Escrow deposits and other assets 8,307 1,614
Accrued payroll and other operating expenses, net 6,372 2,477
Deferred revenue - upfront payments from right-to-use contracts 2,923 2,831
Deferred revenue - right-to-use annual payments 4,205 4,922
Rents received in advance and security deposits 1,719 926
Net cash provided by operating activities 93,229 78,976
Cash Flows From Investing Activities:    
Real estate acquisition (44,226) 0
Payments for (Proceeds from) Delayed Tax Exempt Exchange 10,576 0
Cash Received from Joint Venture 116 0
Payments to Acquire Interest in Joint Venture (2,500) 0
Proceeds from Collection of Notes Receivable 7,115 3,384
Issuance of Notes Receivable (2,245) (1,545)
Capital improvements (10,000) (17,037)
Net cash used in investing activities (41,164) (15,198)
Cash Flows From Financing Activities:    
Net proceeds from stock options and employee stock purchase plan 311 417
Payments of Ordinary Dividends, Common Stock (20,836) 0
Payments of Ordinary Dividends, Noncontrolling Interest (1,917) 0
Payments of Ordinary Dividends, Preferred Stock and Preference Stock (2,310) (2,311)
Principal payments and mortgage debt payoff (29,184) (16,926)
Debt issuance costs (77) 0
Equity issuance costs (52) (277)
Net cash (used in) provided by financing activities (54,065) (19,097)
Cash, Period Increase (Decrease) (2,000) 44,681
Cash 56,427 81,821
Supplemental Information:    
Cash paid during the period for interest 27,929 30,485
Non-cash activities (increase/(decrease)):    
Capital improvements - used homes acquired by repossessions 446 599
Net repayments of notes receivable - used homes acquired by repossessions 446 599
Building and other depreciable property - reclassification of rental homes 4,203 2,474
Escrow deposits and other assets - reclassification of rental homes (4,203) (2,474)
Noncash or Part Noncash Acquisition, Fixed Assets Acquired 61,781 0
Noncash or Part Noncash Acquisition, Deferred Finance Costs (180) 0
Noncash or Part Noncash Acquisition, Other Liabilities Assumed 1,817 0
Noncash or Part Noncash Acquisition, Payables Assumed 941 0
Noncash or Part Noncash Acquisition, Other Assets Acquired 412 0
Noncash or Part Noncash Acquisition, Debt Assumed $ 14,564 $ 0