XML 83 R68.htm IDEA: XBRL DOCUMENT v3.10.0.1
Condensed Consolidating Financial Statements - Statement of Cash Flows (Details) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net cash provided by operating activities $ 249,965 $ 225,206
Investing activities    
Cash paid for single-family properties (206,137) (226,937)
Change in escrow deposits for purchase of single-family properties (4,357) (1,708)
Net proceeds received from sales of single-family properties and other 30,142 54,232
Proceeds received from hurricane-related insurance claims 4,000 0
Collections from mortgage financing receivables 0 78
Distributions from joint ventures 2,440 2,144
Initial renovations to single-family properties (33,030) (18,351)
Recurring and other capital expenditures for single-family properties (23,331) (15,038)
Other purchases of productive assets (95,354) (16,936)
Net cash used for investing activities (325,627) (222,516)
Financing activities    
Proceeds from issuance of Class A common shares/units 0 355,589
Proceeds from issuance of perpetual preferred shares/units 0 155,000
Repurchase of Class A common shares/units (34,969) 0
Redemptions of Class A units 0 (169)
Payments on asset-backed securitizations (10,490) (466,793)
Payments on secured note payable (49,427) (482)
Settlement of cash flow hedging instrument 9,628 0
Distributions to common unitholders (28,702) (25,172)
Distributions to preferred unitholders (29,194) (28,869)
Net cash provided by (used for) financing activities 105,353 (57,082)
Net increase (decrease) in cash, cash equivalents and restricted cash 29,691 (54,392)
Cash, cash equivalents and restricted cash, beginning of period 182,823 250,241
Cash, cash equivalents and restricted cash, end of period (see Note 3) 212,514 195,849
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (47,663) (54,157)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction 979 3,922
Transfers of completed homebuilding deliveries to properties 37,541 0
Transfer of term loan borrowings to revolving credit facility 0 50,000
Redemption of participating preferred shares/units (28,258) 0
Transfer of deferred financing costs from term loan to revolving credit facility 0 1,354
Accrued distributions to non-affiliates (1,995) 0
Note receivable related to a bulk sale of properties, net of discount 0 5,559
Revolving Credit Facility    
Financing activities    
Proceeds from debt 100,000 62,000
Payments on credit facility (240,000) (20,000)
Class A common shares/units    
Financing activities    
Stock issuance costs 0 (350)
Preferred Shares/Units    
Financing activities    
Stock issuance costs 0 (5,209)
American Homes 4 Rent, L.P.    
Operating activities    
Net cash provided by operating activities 249,965 225,206
Investing activities    
Cash paid for single-family properties (206,137) (226,937)
Change in escrow deposits for purchase of single-family properties (4,357) (1,708)
Net proceeds received from sales of single-family properties and other 30,142 54,232
Proceeds received from hurricane-related insurance claims 4,000 0
Collections from mortgage financing receivables 0 78
Distributions from joint ventures 2,440 2,144
Collections from intercompany notes   0
(Investment in) return of investment in subsidiaries 0 0
Initial renovations to single-family properties (33,030) (18,351)
Recurring and other capital expenditures for single-family properties (23,331) (15,038)
Other purchases of productive assets (95,354) (16,936)
Net cash used for investing activities (325,627) (222,516)
Financing activities    
Proceeds from issuance of Class A common shares/units 0 355,589
Stock issuance costs 0 (5,209)
Proceeds from issuance of perpetual preferred shares/units 0 155,000
Repurchase of Class A common shares/units (34,969) 0
Share-based compensation proceeds, net 1,933 1,858
Redemptions of Class A units 0 (169)
Payments on asset-backed securitizations (10,490) (466,793)
Payments on secured note payable (49,427) (482)
Settlement of cash flow hedging instrument 9,628 0
Payments on intercompany notes borrowed   0
Intercompany financing and distributions to parent 0 0
Distributions to common unitholders (34,238) (30,727)
Distributions to preferred unitholders (29,194) (28,869)
Payments of offering costs on unsecured senior notes (5,100) (3,930)
Net cash provided by (used for) financing activities 105,353 (57,082)
Net increase (decrease) in cash, cash equivalents and restricted cash 29,691 (54,392)
Cash, cash equivalents and restricted cash, beginning of period 182,823 250,241
Cash, cash equivalents and restricted cash, end of period (see Note 3) 212,514 195,849
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (47,663) (54,157)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction 979 3,922
Transfers of completed homebuilding deliveries to properties 37,541 0
Transfer of term loan borrowings to revolving credit facility 0 50,000
Redemption of participating preferred shares/units (28,258) 0
Transfer of deferred financing costs from term loan to revolving credit facility 0 1,354
Accrued distributions to affiliates (149)  
Accrued distributions to non-affiliates (1,995) 0
Note receivable related to a bulk sale of properties, net of discount 0 5,559
American Homes 4 Rent, L.P. | Revolving Credit Facility    
Financing activities    
Proceeds from debt 100,000 62,000
Payments on credit facility (240,000) (20,000)
American Homes 4 Rent, L.P. | Line of Credit    
Financing activities    
Proceeds from debt   25,000
Payments on credit facility (100,000) (100,000)
American Homes 4 Rent, L.P. | Class A common shares/units    
Financing activities    
Proceeds from issuance of Class A common shares/units   355,589
Stock issuance costs 0 (350)
Repurchase of Class A common shares/units (34,969)  
Redemptions of Class A units   (169)
American Homes 4 Rent, L.P. | Preferred Shares/Units    
Financing activities    
Stock issuance costs   (5,209)
Proceeds from issuance of perpetual preferred shares/units   155,000
American Homes 4 Rent, L.P. | Unsecured Debt    
Financing activities    
Proceeds from debt 497,210  
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Homes 4 Rent, L.P. (Parent Company)    
Operating activities    
Net cash provided by operating activities (115,080) (31,632)
Investing activities    
Cash paid for single-family properties 0 0
Change in escrow deposits for purchase of single-family properties 0 0
Net proceeds received from sales of single-family properties and other 0 14,265
Proceeds received from hurricane-related insurance claims 0  
Collections from mortgage financing receivables   0
Distributions from joint ventures 440 480
Collections from intercompany notes   9,507
(Investment in) return of investment in subsidiaries (28,098) (444,589)
Initial renovations to single-family properties 0 0
Recurring and other capital expenditures for single-family properties 0 0
Other purchases of productive assets 0 (6,657)
Net cash used for investing activities (27,658) (426,994)
Financing activities    
Share-based compensation proceeds, net 1,933 1,858
Payments on asset-backed securitizations 0 0
Payments on secured note payable 0 0
Settlement of cash flow hedging instrument 9,628  
Payments on intercompany notes borrowed   0
Intercompany financing and distributions to parent 0 0
Distributions to common unitholders (34,238) (30,727)
Distributions to preferred unitholders (29,194) (28,869)
Payments of offering costs on unsecured senior notes (5,100) (3,930)
Net cash provided by (used for) financing activities 165,270 410,193
Net increase (decrease) in cash, cash equivalents and restricted cash 22,532 (48,433)
Cash, cash equivalents and restricted cash, beginning of period 36,899 76,913
Cash, cash equivalents and restricted cash, end of period (see Note 3) 59,431 28,480
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (4,799) (5,347)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction 0 0
Transfers of completed homebuilding deliveries to properties 0  
Transfer of term loan borrowings to revolving credit facility   50,000
Redemption of participating preferred shares/units (28,258)  
Transfer of deferred financing costs from term loan to revolving credit facility   1,354
Accrued distributions to affiliates (149)  
Accrued distributions to non-affiliates (1,995)  
Note receivable related to a bulk sale of properties, net of discount   5,559
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Homes 4 Rent, L.P. (Parent Company) | Revolving Credit Facility    
Financing activities    
Proceeds from debt 100,000 62,000
Payments on credit facility (240,000) (20,000)
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Homes 4 Rent, L.P. (Parent Company) | Line of Credit    
Financing activities    
Proceeds from debt   25,000
Payments on credit facility (100,000) (100,000)
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Homes 4 Rent, L.P. (Parent Company) | Class A common shares/units    
Financing activities    
Proceeds from issuance of Class A common shares/units   355,589
Stock issuance costs   (350)
Repurchase of Class A common shares/units (34,969)  
Redemptions of Class A units   (169)
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Homes 4 Rent, L.P. (Parent Company) | Preferred Shares/Units    
Financing activities    
Stock issuance costs   (5,209)
Proceeds from issuance of perpetual preferred shares/units   155,000
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Homes 4 Rent, L.P. (Parent Company) | Unsecured Debt    
Financing activities    
Proceeds from debt 497,210  
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Residential Properties OP, L.P. (Guarantor Subsidiary)    
Operating activities    
Net cash provided by operating activities (1,305) (4,980)
Investing activities    
Cash paid for single-family properties 0 0
Change in escrow deposits for purchase of single-family properties 0 0
Net proceeds received from sales of single-family properties and other 2,165 949
Proceeds received from hurricane-related insurance claims 0  
Collections from mortgage financing receivables   0
Distributions from joint ventures 0 0
Collections from intercompany notes   0
(Investment in) return of investment in subsidiaries 20,907 24,064
Initial renovations to single-family properties 0 (1,565)
Recurring and other capital expenditures for single-family properties (501) 0
Other purchases of productive assets 0 0
Net cash used for investing activities 22,571 23,448
Financing activities    
Share-based compensation proceeds, net 0 0
Payments on asset-backed securitizations 0 0
Payments on secured note payable 0 0
Settlement of cash flow hedging instrument 0  
Payments on intercompany notes borrowed   0
Intercompany financing and distributions to parent (21,267) (18,488)
Distributions to common unitholders 0 0
Distributions to preferred unitholders 0 0
Payments of offering costs on unsecured senior notes 0 0
Net cash provided by (used for) financing activities (21,267) (18,488)
Net increase (decrease) in cash, cash equivalents and restricted cash (1) (20)
Cash, cash equivalents and restricted cash, beginning of period 31 62
Cash, cash equivalents and restricted cash, end of period (see Note 3) 30 42
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (1,869) (1,869)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction (12) 21
Transfers of completed homebuilding deliveries to properties 0  
Transfer of term loan borrowings to revolving credit facility   0
Redemption of participating preferred shares/units 0  
Transfer of deferred financing costs from term loan to revolving credit facility   0
Accrued distributions to affiliates 0  
Accrued distributions to non-affiliates 0  
Note receivable related to a bulk sale of properties, net of discount   0
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Residential Properties OP, L.P. (Guarantor Subsidiary) | Revolving Credit Facility    
Financing activities    
Proceeds from debt 0 0
Payments on credit facility 0 0
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Residential Properties OP, L.P. (Guarantor Subsidiary) | Line of Credit    
Financing activities    
Proceeds from debt   0
Payments on credit facility 0 0
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Residential Properties OP, L.P. (Guarantor Subsidiary) | Class A common shares/units    
Financing activities    
Proceeds from issuance of Class A common shares/units   0
Stock issuance costs   0
Repurchase of Class A common shares/units 0  
Redemptions of Class A units   0
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Residential Properties OP, L.P. (Guarantor Subsidiary) | Preferred Shares/Units    
Financing activities    
Stock issuance costs   0
Proceeds from issuance of perpetual preferred shares/units   0
American Homes 4 Rent, L.P. | Reportable Legal Entities | American Residential Properties OP, L.P. (Guarantor Subsidiary) | Unsecured Debt    
Financing activities    
Proceeds from debt 0  
American Homes 4 Rent, L.P. | Reportable Legal Entities | Combined Non-Guarantor Subsidiaries    
Operating activities    
Net cash provided by operating activities 366,350 261,818
Investing activities    
Cash paid for single-family properties (206,137) (226,937)
Change in escrow deposits for purchase of single-family properties (4,357) (1,708)
Net proceeds received from sales of single-family properties and other 27,977 39,018
Proceeds received from hurricane-related insurance claims 4,000  
Collections from mortgage financing receivables   78
Distributions from joint ventures 2,000 1,664
Collections from intercompany notes   0
(Investment in) return of investment in subsidiaries 0 0
Initial renovations to single-family properties (33,030) (16,786)
Recurring and other capital expenditures for single-family properties (22,830) (15,038)
Other purchases of productive assets (95,354) (10,279)
Net cash used for investing activities (327,731) (229,988)
Financing activities    
Share-based compensation proceeds, net 0 0
Payments on asset-backed securitizations (10,490) (466,793)
Payments on secured note payable (49,427) (482)
Settlement of cash flow hedging instrument 0  
Payments on intercompany notes borrowed   (9,507)
Intercompany financing and distributions to parent 28,458 439,013
Distributions to common unitholders 0 0
Distributions to preferred unitholders 0 0
Payments of offering costs on unsecured senior notes 0 0
Net cash provided by (used for) financing activities (31,459) (37,769)
Net increase (decrease) in cash, cash equivalents and restricted cash 7,160 (5,939)
Cash, cash equivalents and restricted cash, beginning of period 145,893 173,266
Cash, cash equivalents and restricted cash, end of period (see Note 3) 153,053 167,327
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (40,995) (46,941)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction 991 3,901
Transfers of completed homebuilding deliveries to properties 37,541  
Transfer of term loan borrowings to revolving credit facility   0
Redemption of participating preferred shares/units 0  
Transfer of deferred financing costs from term loan to revolving credit facility   0
Accrued distributions to affiliates 0  
Accrued distributions to non-affiliates 0  
Note receivable related to a bulk sale of properties, net of discount   0
American Homes 4 Rent, L.P. | Reportable Legal Entities | Combined Non-Guarantor Subsidiaries | Revolving Credit Facility    
Financing activities    
Proceeds from debt 0 0
Payments on credit facility 0 0
American Homes 4 Rent, L.P. | Reportable Legal Entities | Combined Non-Guarantor Subsidiaries | Line of Credit    
Financing activities    
Proceeds from debt   0
Payments on credit facility 0 0
American Homes 4 Rent, L.P. | Reportable Legal Entities | Combined Non-Guarantor Subsidiaries | Class A common shares/units    
Financing activities    
Proceeds from issuance of Class A common shares/units   0
Stock issuance costs   0
Repurchase of Class A common shares/units 0  
Redemptions of Class A units   0
American Homes 4 Rent, L.P. | Reportable Legal Entities | Combined Non-Guarantor Subsidiaries | Preferred Shares/Units    
Financing activities    
Stock issuance costs   0
Proceeds from issuance of perpetual preferred shares/units   0
American Homes 4 Rent, L.P. | Reportable Legal Entities | Combined Non-Guarantor Subsidiaries | Unsecured Debt    
Financing activities    
Proceeds from debt 0  
American Homes 4 Rent, L.P. | Consolidating Adjustments    
Operating activities    
Net cash provided by operating activities 0 0
Investing activities    
Cash paid for single-family properties 0 0
Change in escrow deposits for purchase of single-family properties 0 0
Net proceeds received from sales of single-family properties and other 0 0
Proceeds received from hurricane-related insurance claims 0  
Collections from mortgage financing receivables   0
Distributions from joint ventures 0 0
Collections from intercompany notes   (9,507)
(Investment in) return of investment in subsidiaries 7,191 420,525
Initial renovations to single-family properties 0 0
Recurring and other capital expenditures for single-family properties 0 0
Other purchases of productive assets 0 0
Net cash used for investing activities 7,191 411,018
Financing activities    
Share-based compensation proceeds, net 0 0
Payments on asset-backed securitizations 0 0
Payments on secured note payable 0 0
Settlement of cash flow hedging instrument 0  
Payments on intercompany notes borrowed   9,507
Intercompany financing and distributions to parent (7,191) (420,525)
Distributions to common unitholders 0 0
Distributions to preferred unitholders 0 0
Payments of offering costs on unsecured senior notes 0 0
Net cash provided by (used for) financing activities (7,191) (411,018)
Net increase (decrease) in cash, cash equivalents and restricted cash 0 0
Cash, cash equivalents and restricted cash, beginning of period 0 0
Cash, cash equivalents and restricted cash, end of period (see Note 3) 0 0
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized 0 0
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction 0 0
Transfers of completed homebuilding deliveries to properties 0  
Transfer of term loan borrowings to revolving credit facility   0
Redemption of participating preferred shares/units 0  
Transfer of deferred financing costs from term loan to revolving credit facility   0
Accrued distributions to affiliates 0  
Accrued distributions to non-affiliates 0  
Note receivable related to a bulk sale of properties, net of discount   0
American Homes 4 Rent, L.P. | Consolidating Adjustments | Revolving Credit Facility    
Financing activities    
Proceeds from debt 0 0
Payments on credit facility 0 0
American Homes 4 Rent, L.P. | Consolidating Adjustments | Line of Credit    
Financing activities    
Proceeds from debt   0
Payments on credit facility 0 0
American Homes 4 Rent, L.P. | Consolidating Adjustments | Class A common shares/units    
Financing activities    
Proceeds from issuance of Class A common shares/units   0
Stock issuance costs   0
Repurchase of Class A common shares/units 0  
Redemptions of Class A units   0
American Homes 4 Rent, L.P. | Consolidating Adjustments | Preferred Shares/Units    
Financing activities    
Stock issuance costs   0
Proceeds from issuance of perpetual preferred shares/units   $ 0
American Homes 4 Rent, L.P. | Consolidating Adjustments | Unsecured Debt    
Financing activities    
Proceeds from debt $ 0