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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating activities      
Net income $ 210,559 $ 154,829 $ 156,260
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 372,848 343,153 329,293
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 8,790 7,431 7,457
Noncash share-based compensation 17,792 9,834 4,808
Loss on early extinguishment of debt 0 0 659
Equity in net (income) losses of unconsolidated joint ventures (1,610) 774 (509)
Gain on sale and impairment of single-family properties and other, net (49,696) (38,773) (40,210)
Other changes in operating assets and liabilities:      
Rent and other receivables (4,885) (15,633) (2,784)
Prepaid expenses and other assets 465 2,652 (10,170)
Deferred leasing costs (3,422) (4,070) (4,095)
Accounts payable and accrued expenses 44,512 14,193 17,408
Amounts due from related parties (153) (290) (230)
Net cash provided by operating activities 595,200 474,100 457,887
Investing activities      
Cash paid for single-family properties (850,071) (269,273) (120,487)
Change in escrow deposits for purchase of single-family properties (33,005) (374) (7,171)
Net proceeds received from sales of single-family properties and other 132,072 228,566 221,930
Proceeds received from hurricane-related insurance claims 4,842 3,705 2,171
Payments received on notes for sale of properties 1,253 0 0
Investment in unconsolidated joint ventures (29,260) (29,834) (13,114)
Distributions from joint ventures 57,550 129,007 22,561
Renovations to single-family properties (47,681) (16,968) (21,883)
Recurring and other capital expenditures for single-family properties (122,551) (104,819) (71,481)
Cash paid for development activity (824,247) (564,241) (383,271)
Other purchases of productive assets (22,367) (18,694) (6,121)
Net cash used for investing activities (1,733,465) (642,925) (376,866)
Financing activities      
Redemption of perpetual preferred shares (498,750) 0 0
Proceeds from exercise of stock options 4,225 7,011 11,524
Payments related to tax withholding for share-based compensation (2,682) (1,651) (834)
Payments on asset-backed securitizations (24,311) (22,501) (21,517)
Proceeds from unsecured senior notes, net of discount 737,195 0 397,944
Settlement of cash flow hedging instrument (3,999) 0 0
Distributions to common shareholders (146,243) (61,067) (59,832)
Distributions to preferred shareholders (37,923) (55,128) (55,128)
Deferred financing costs paid (17,997) 0 (3,572)
Net cash provided by (used for) financing activities 1,064,955 269,783 (92,116)
Net (decrease) increase in cash, cash equivalents and restricted cash (73,310) 100,958 (11,095)
Cash, cash equivalents and restricted cash, beginning of period 265,077 164,119 175,214
Cash, cash equivalents and restricted cash, end of period 191,767 265,077 164,119
Supplemental cash flow information      
Cash payments for interest, net of amounts capitalized (95,790) (109,679) (112,980)
Supplemental schedule of noncash investing and financing activities      
Accrued property renovations and development expenditures 45,392 36,544 18,276
Transfers of completed homebuilding deliveries to properties 395,937 322,024 167,652
Property and land contributions to unconsolidated joint ventures (57,203) (132,439) (20,448)
Note receivable related to a bulk sale of properties, net of discount 0 0 29,474
Noncash right-of-use assets obtained in exchange for operating lease liabilities 1,346 17,105 6,089
Accrued distributions to affiliates 0 4,834 4,629
Accrued distributions to non-affiliates 0 13,612 13,024
American Homes 4 Rent, L.P.      
Operating activities      
Net income 210,559 154,829 156,260
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 372,848 343,153 329,293
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 8,790 7,431 7,457
Noncash share-based compensation 17,792 9,834 4,808
Loss on early extinguishment of debt 0 0 659
Equity in net (income) losses of unconsolidated joint ventures (1,610) 774 (509)
Gain on sale and impairment of single-family properties and other, net (49,696) (38,773) (40,210)
Other changes in operating assets and liabilities:      
Rent and other receivables (4,885) (15,633) (2,784)
Prepaid expenses and other assets 465 2,652 (10,170)
Deferred leasing costs (3,422) (4,070) (4,095)
Accounts payable and accrued expenses 44,512 14,193 17,408
Amounts due from related parties (153) (290) (230)
Net cash provided by operating activities 595,200 474,100 457,887
Investing activities      
Cash paid for single-family properties (850,071) (269,273) (120,487)
Change in escrow deposits for purchase of single-family properties (33,005) (374) (7,171)
Net proceeds received from sales of single-family properties and other 132,072 228,566 221,930
Proceeds received from hurricane-related insurance claims 4,842 3,705 2,171
Payments received on notes for sale of properties 1,253 0 0
Investment in unconsolidated joint ventures (29,260) (29,834) (13,114)
Distributions from joint ventures 57,550 129,007 22,561
Renovations to single-family properties (47,681) (16,968) (21,883)
Recurring and other capital expenditures for single-family properties (122,551) (104,819) (71,481)
Cash paid for development activity (824,247) (564,241) (383,271)
Other purchases of productive assets (22,367) (18,694) (6,121)
Net cash used for investing activities (1,733,465) (642,925) (376,866)
Financing activities      
Redemption of perpetual preferred shares (498,750) 0 0
Proceeds from exercise of stock options 4,225 7,011 11,524
Payments related to tax withholding for share-based compensation (2,682) (1,651) (834)
Payments on asset-backed securitizations (24,311) (22,501) (21,517)
Proceeds from unsecured senior notes, net of discount 737,195 0 397,944
Settlement of cash flow hedging instrument (3,999) 0 0
Distributions to common shareholders (169,413) (71,448) (70,533)
Distributions to preferred shareholders (37,923) (55,128) (55,128)
Deferred financing costs paid (17,997) 0 (3,572)
Net cash provided by (used for) financing activities 1,064,955 269,783 (92,116)
Net (decrease) increase in cash, cash equivalents and restricted cash (73,310) 100,958 (11,095)
Cash, cash equivalents and restricted cash, beginning of period 265,077 164,119 175,214
Cash, cash equivalents and restricted cash, end of period 191,767 265,077 164,119
Supplemental cash flow information      
Cash payments for interest, net of amounts capitalized (95,790) (109,679) (112,980)
Supplemental schedule of noncash investing and financing activities      
Accrued property renovations and development expenditures 45,392 36,544 18,276
Transfers of completed homebuilding deliveries to properties 395,937 322,024 167,652
Property and land contributions to unconsolidated joint ventures (57,203) (132,439) (20,448)
Note receivable related to a bulk sale of properties, net of discount 0 0 29,474
Noncash right-of-use assets obtained in exchange for operating lease liabilities 1,346 17,105 6,089
Accrued distributions to affiliates 0 4,834 4,629
Accrued distributions to non-affiliates 0 13,612 13,024
Term loan facility, net      
Financing activities      
Payments on credit facility 0 0 (100,000)
Term loan facility, net | American Homes 4 Rent, L.P.      
Financing activities      
Payments on credit facility 0 0 (100,000)
Revolving Credit Facility      
Financing activities      
Proceeds from revolving credit facility 1,410,000 130,000 0
Payments on credit facility (1,060,000) (130,000) (250,000)
Revolving Credit Facility | American Homes 4 Rent, L.P.      
Financing activities      
Proceeds from revolving credit facility 1,410,000 130,000 0
Payments on credit facility (1,060,000) (130,000) (250,000)
Class A Common Shares/Units      
Financing activities      
Proceeds from issuance of Class A common shares 728,810 414,100 0
Payments of Class A common share issuance costs (200) (600) 0
Class A Common Shares/Units | American Homes 4 Rent, L.P.      
Financing activities      
Proceeds from issuance of Class A common shares 728,810 414,100 0
Payments of Class A common share issuance costs $ (200) $ (600) $ 0