XML 96 R14.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows (UNITED DOMINION REALTY, L.P) (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Operating Activities    
Net income/(loss) $ 166,301 $ 50,098
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 182,444 179,682
Gain/(loss) on sale of real estate owned (79,042) (51,003)
Casualty-related (recoveries)/charges, net 1,839 500
Other 13,154 13,054
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets 7,431 5,677
Increase/(decrease) in operating liabilities (14,709) (10,229)
Net cash provided by operating activities 217,003 186,213
Investing Activities    
Development of real estate assets (66,083) (115,964)
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement (47,453) (57,574)
Net cash provided by/(used in) investing activities (163,776) (279,574)
Financing Activities    
Proceeds from the issuance of secured debt 0 5,502
Payments on secured debt (4,549) (42,304)
Net cash provided by/(used in) financing activities (65,461) 89,928
Net increase/(decrease) in cash and cash equivalents (12,234) (3,433)
Cash and cash equivalents, beginning of period 15,224 30,249
Cash and cash equivalents, end of period 2,990 26,816
Supplemental Information:    
Interest paid during the period, net of amounts capitalized 66,448 69,291
United Dominion Reality L.P. [Member]    
Operating Activities    
Net income/(loss) 84,470 55,417
Adjustments to reconcile net income/(loss) to net cash provided by operating activities:    
Depreciation and amortization 88,578 88,968
Gain/(loss) on sale of real estate owned (56,998) (40,687)
Casualty-related (recoveries)/charges, net 873 500
Other (349) (123)
Changes in operating assets and liabilities:    
(Increase)/decrease in operating assets (341) 1,506
Increase/(decrease) in operating liabilities (976) (2,164)
Net cash provided by operating activities 115,257 103,417
Investing Activities    
Proceeds from sale of real estate investments, net 27,718 47,922
Development of real estate assets (7,740) (29,192)
Capital expenditures and other major improvements - real estate assets, net of escrow reimbursement (25,487) (21,355)
Net cash provided by/(used in) investing activities (5,509) (2,625)
Financing Activities    
Advances from/(to) General Partner, net (102,378) (94,113)
Proceeds from the issuance of secured debt 0 0
Payments on secured debt (2,588) (2,492)
Distributions paid to partnership unitholders (5,120) (4,909)
Payments of financing costs 0 0
Net cash provided by/(used in) financing activities (110,086) (101,514)
Net increase/(decrease) in cash and cash equivalents (338) (722)
Cash and cash equivalents, beginning of period 502 1,897
Cash and cash equivalents, end of period 164 1,175
Supplemental Information:    
Interest paid during the period, net of amounts capitalized $ 23,296 $ 21,649