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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Operating activities    
Net income $ 77,704 $ 45,959
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 237,562 221,459
Noncash amortization of deferred financing costs 5,838 6,285
Noncash amortization of discounts on debt instruments 2,984 2,624
Noncash amortization of cash flow hedging instrument (602) 0
Noncash share-based compensation 2,750 3,175
Provision for bad debt 6,365 5,142
Hurricane-related charges, net 0 10,136
Loss on early extinguishment of debt 1,447 6,555
Remeasurement of participating preferred shares (1,212) (1,341)
Equity in net earnings of unconsolidated ventures (423) (1,367)
Net gain on sale of single-family properties and other (10,449) (6,375)
Loss on impairment of single-family properties 2,796 3,786
Net gain on resolutions of mortgage loans 0 (17)
Other changes in operating assets and liabilities:    
Rent and other receivables (16,314) (11,929)
Prepaid expenses and other assets (7,427) (5,690)
Deferred leasing costs (9,556) (5,361)
Accounts payable and accrued expenses 87,438 71,325
Amounts payable to affiliates (2,438) 5,009
Net cash provided by operating activities 376,463 349,375
Investing activities    
Cash paid for single-family properties (333,082) (462,875)
Change in escrow deposits for purchase of single-family properties (2,194) (2,710)
Net proceeds received from sales of single-family properties and other 47,757 68,618
Proceeds received from hurricane-related insurance claims 4,000 0
Investment in unconsolidated joint venture (3,800) 0
Distributions from joint ventures 36,251 5,981
Collections from mortgage financing receivables 0 83
Initial renovations to single-family properties (40,898) (31,208)
Recurring and other capital expenditures for single-family properties (40,470) (26,725)
Other purchases of productive assets (149,475) (38,060)
Net cash provided by (used for) investing activities (481,911) (486,896)
Financing activities    
Proceeds from issuance of Class A common shares/units 0 694,765
Proceeds from issuance of perpetual preferred shares/units 115,000 270,000
Repurchase of Class A common shares/units (34,969) 0
Share-based compensation proceeds, net 8,871 988
Redemptions of Class A units 0 (169)
Payments on asset-backed securitizations (15,669) (472,470)
Payments on secured note payable (49,427) (721)
Settlement of cash flow hedging instrument 9,628 0
Distributions to noncontrolling interests (8,303) (8,333)
Distributions to common shareholders/unitholders (43,524) (38,890)
Distributions to preferred shareholders/unitholders (41,178) (46,122)
Deferred financing costs paid (5,100) (3,974)
Net cash provided by (used for) financing activities 188,789 250,401
Net increase (decrease) in cash, cash equivalents and restricted cash 83,341 112,880
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) 266,164 363,121
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (80,942) (77,964)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction (107) 7,151
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 1,524
Transfers of completed homebuilding deliveries to properties 64,867 3,010
Property and land contributions to an unconsolidated joint venture (40,942) 0
Note receivable related to a bulk sale of properties, net of discount 0 5,635
Redemption of participating preferred shares/units (28,258) 0
Accrued distributions to affiliates (129) 0
Accrued distributions to non-affiliates (1,773) 0
American Homes 4 Rent, L.P.    
Operating activities    
Net income 77,704 45,959
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 237,562 221,459
Noncash amortization of deferred financing costs 5,838 6,285
Noncash amortization of discounts on debt instruments 2,984 2,624
Noncash amortization of cash flow hedging instrument (602) 0
Noncash share-based compensation 2,750 3,175
Provision for bad debt 6,365 5,142
Hurricane-related charges, net 0 10,136
Loss on early extinguishment of debt 1,447 6,555
Remeasurement of participating preferred shares (1,212) (1,341)
Equity in net earnings of unconsolidated ventures (423) (1,367)
Net gain on sale of single-family properties and other (10,449) (6,375)
Loss on impairment of single-family properties 2,796 3,786
Net gain on resolutions of mortgage loans 0 (17)
Other changes in operating assets and liabilities:    
Rent and other receivables (16,314) (11,929)
Prepaid expenses and other assets (7,427) (5,690)
Deferred leasing costs (9,556) (5,361)
Accounts payable and accrued expenses 87,438 71,325
Amounts payable to affiliates (2,438) 5,009
Net cash provided by operating activities 376,463 349,375
Investing activities    
Cash paid for single-family properties (333,082) (462,875)
Change in escrow deposits for purchase of single-family properties (2,194) (2,710)
Net proceeds received from sales of single-family properties and other 47,757 68,618
Proceeds received from hurricane-related insurance claims 4,000 0
Investment in unconsolidated joint venture (3,800) 0
Distributions from joint ventures 36,251 5,981
Collections from mortgage financing receivables 0 83
Initial renovations to single-family properties (40,898) (31,208)
Recurring and other capital expenditures for single-family properties (40,470) (26,725)
Other purchases of productive assets (149,475) (38,060)
Net cash provided by (used for) investing activities (481,911) (486,896)
Financing activities    
Proceeds from issuance of Class A common shares/units 0 694,765
Proceeds from issuance of perpetual preferred shares/units 115,000 270,000
Repurchase of Class A common shares/units (34,969) 0
Share-based compensation proceeds, net 8,871 988
Redemptions of Class A units 0 (169)
Payments on asset-backed securitizations (15,669) (472,470)
Payments on secured note payable (49,427) (721)
Settlement of cash flow hedging instrument 9,628 0
Distributions to common shareholders/unitholders (51,827) (47,223)
Distributions to preferred shareholders/unitholders (41,178) (46,122)
Deferred financing costs paid (5,100) (3,974)
Net cash provided by (used for) financing activities 188,789 250,401
Net increase (decrease) in cash, cash equivalents and restricted cash 83,341 112,880
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) 266,164 363,121
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (80,942) (77,964)
Supplemental schedule of noncash investing and financing activities    
Accounts payable and accrued expenses related to property acquisitions, renovations and construction (107) 7,151
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 1,524
Transfers of completed homebuilding deliveries to properties 64,867 3,010
Property and land contributions to an unconsolidated joint venture (40,942) 0
Note receivable related to a bulk sale of properties, net of discount 0 5,635
Redemption of participating preferred shares/units (28,258) 0
Accrued distributions to affiliates (129) 0
Accrued distributions to non-affiliates (1,773) 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 155,000 62,000
Payments on credit facility (295,000) (112,000)
Revolving Credit Facility | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from debt 155,000 62,000
Payments on credit facility (295,000) (112,000)
Class A common shares/units    
Financing activities    
Stock issuance costs 0 (10,444)
Class A common shares/units | American Homes 4 Rent, L.P.    
Financing activities    
Proceeds from issuance of Class A common shares/units   694,765
Stock issuance costs 0 (10,444)
Repurchase of Class A common shares/units (34,969)  
Redemptions of Class A units   (169)
Preferred Shares/Units    
Financing activities    
Stock issuance costs (3,750) (9,229)
Preferred Shares/Units | American Homes 4 Rent, L.P.    
Financing activities    
Stock issuance costs (3,750) (9,229)
Proceeds from issuance of perpetual preferred shares/units $ 115,000 $ 270,000