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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Operating activities    
Net income $ 47,423 $ 26,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 157,622 146,669
Noncash amortization of deferred financing costs 3,888 4,410
Noncash amortization of discounts on debt instruments 1,941 1,714
Noncash amortization of cash flow hedging instrument (361) 0
Noncash share-based compensation 1,918 2,059
Provision for bad debt 3,616 2,843
Loss on early extinguishment of debt 1,447 6,555
Remeasurement of participating preferred shares (1,212) 7,050
Equity in net earnings of unconsolidated ventures (587) (1,623)
Net gain on sale of single-family properties and other (5,496) (4,480)
Loss on impairment of single-family properties 2,236 2,487
Net gain on resolutions of mortgage loans 0 (16)
Other changes in operating assets and liabilities:    
Rent and other receivables (5,522) (4,497)
Prepaid expenses and other assets (12,167) (7,440)
Deferred leasing costs (5,834) (3,401)
Accounts payable and accrued expenses 61,061 40,967
Amounts payable to affiliates (8) 5,047
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
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
Distributions to noncontrolling interests (5,536) (5,555)
Distributions to common shareholders/unitholders (28,702) (25,172)
Distributions to preferred shareholders/unitholders (29,194) (28,869)
Deferred financing costs paid (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
Transfer of term loan borrowings to revolving credit facility 0 50,000
Transfer of deferred financing costs from term loan to revolving credit facility 0 1,354
Transfers of completed homebuilding deliveries to properties 37,541 0
Note receivable related to a bulk sale of properties, net of discount 0 5,559
Redemption of participating preferred shares/units (28,258) 0
Accrued distributions to affiliates (149) 0
Accrued distributions to non-affiliates (1,995) 0
American Homes 4 Rent, L.P.    
Operating activities    
Net income 47,423 26,862
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 157,622 146,669
Noncash amortization of deferred financing costs 3,888 4,410
Noncash amortization of discounts on debt instruments 1,941 1,714
Noncash amortization of cash flow hedging instrument (361) 0
Noncash share-based compensation 1,918 2,059
Provision for bad debt 3,616 2,843
Loss on early extinguishment of debt 1,447 6,555
Remeasurement of participating preferred shares (1,212) 7,050
Equity in net earnings of unconsolidated ventures (587) (1,623)
Net gain on sale of single-family properties and other (5,496) (4,480)
Loss on impairment of single-family properties 2,236 2,487
Net gain on resolutions of mortgage loans 0 (16)
Other changes in operating assets and liabilities:    
Rent and other receivables (5,522) (4,497)
Prepaid expenses and other assets (12,167) (7,440)
Deferred leasing costs (5,834) (3,401)
Accounts payable and accrued expenses 61,061 40,967
Amounts payable to affiliates (8) 5,047
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
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
Distributions to common shareholders/unitholders (34,238) (30,727)
Distributions to preferred shareholders/unitholders (29,194) (28,869)
Deferred financing costs paid (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
Transfer of term loan borrowings to revolving credit facility 0 50,000
Transfer of deferred financing costs from term loan to revolving credit facility 0 1,354
Transfers of completed homebuilding deliveries to properties 37,541 0
Note receivable related to a bulk sale of properties, net of discount 0 5,559
Redemption of participating preferred shares/units (28,258) 0
Accrued distributions to affiliates (149) 0
Accrued distributions to non-affiliates (1,995) 0
Term Loan facility    
Financing activities    
Proceeds from debt 0 25,000
Payments on credit facility (100,000) (100,000)
Term Loan facility | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from debt 0 25,000
Payments on credit facility (100,000) (100,000)
Unsecured Senior Notes    
Financing activities    
Proceeds from unsecured senior notes, net of discount 497,210 0
Unsecured Senior Notes | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from unsecured senior notes, net of discount 497,210 0
Revolving Credit Facility    
Financing activities    
Proceeds from debt 100,000 62,000
Payments on credit facility (240,000) (20,000)
Revolving Credit Facility | American Homes 4 Rent, L.P.    
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)
Class A common shares/units | American Homes 4 Rent, L.P.    
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)
Preferred Shares/Units    
Financing activities    
Stock issuance costs $ 0 (5,209)
Preferred Shares/Units | American Homes 4 Rent, L.P.    
Financing activities    
Stock issuance costs   (5,209)
Proceeds from issuance of perpetual preferred shares/units   $ 155,000