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Condensed Consolidated Statements of Cash Flows (L.P.) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Operating activities    
Net income $ 206,234 $ 149,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 313,688 275,682
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 8,588 6,290
Noncash share-based compensation 23,728 14,319
Equity in net income of unconsolidated joint ventures (3,135) (875)
Return on investment from unconsolidated joint ventures 4,777 0
Gain on sale and impairment of single-family properties and other, net (79,052) (36,401)
Other changes in operating assets and liabilities:    
Rent and other receivables (10,789) (13,863)
Prepaid expenses and other assets 3,572 11,247
Deferred leasing costs (1,868) (2,672)
Accounts payable and accrued expenses 134,237 95,471
Amounts due from related parties (3,192) (241)
Net cash provided by operating activities 596,788 498,193
Investing activities    
Cash paid for single-family properties (582,442) (633,794)
Change in escrow deposits for purchase of single-family properties 8,492 (26,818)
Net proceeds received from sales of single-family properties and other 163,295 101,411
Proceeds received from storm-related insurance claims 1,981 1,993
Proceeds from notes receivable related to the sale of properties 34,014 0
Investment in unconsolidated joint ventures (17,308) (20,742)
Distributions from joint ventures 58,160 46,927
Renovations to single-family properties (80,612) (28,234)
Recurring and other capital expenditures for single-family properties (98,763) (90,413)
Cash paid for development activity (707,764) (524,884)
Cash paid for deposits on land option contracts (10,686) 0
Other investing activities (36,021) (16,907)
Net cash used for investing activities (1,267,654) (1,191,461)
Financing activities    
Redemption of perpetual preferred units (155,000) (498,750)
Proceeds from issuances under share-based compensation plans 3,323 4,094
Payments related to tax withholding for share-based compensation (4,811) (2,666)
Payments on asset-backed securitizations (16,884) (18,061)
Proceeds from unsecured senior notes, net of discount 876,813 737,195
Settlement of cash flow hedging instrument 0 (3,999)
Proceeds from liabilities related to consolidated land not owned 60,217 0
Distributions to common unitholders (188,689) (112,278)
Distributions to preferred unitholders (13,595) (32,160)
Deferred financing costs paid (8,215) (17,997)
Net cash provided by financing activities 736,819 630,185
Net increase (decrease) in cash, cash equivalents and restricted cash 65,953 (63,083)
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 191,767 265,077
Cash, cash equivalents and restricted cash, end of period (see Note 3) 257,720 201,994
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (89,400) (85,472)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 65,586 37,877
Transfers of completed homebuilding deliveries to properties 335,684 252,218
Property and land contributions to unconsolidated joint ventures (35,849) (43,814)
Property and land distributions from unconsolidated joint ventures 8,397 0
Noncash right-of-use assets obtained in exchange for operating lease liabilities 3,885 989
Accrued distributions to affiliates 337 0
Accrued distributions to non-affiliates 114 166
Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 490,000 1,060,000
Payments on revolving credit facility (840,000) (1,060,000)
American Homes 4 Rent, L.P.    
Operating activities    
Net income 206,234 149,236
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 313,688 275,682
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 8,588 6,290
Noncash share-based compensation 23,728 14,319
Equity in net income of unconsolidated joint ventures (3,135) (875)
Return on investment from unconsolidated joint ventures 4,777 0
Gain on sale and impairment of single-family properties and other, net (79,052) (36,401)
Other changes in operating assets and liabilities:    
Rent and other receivables (10,789) (13,863)
Prepaid expenses and other assets 3,572 11,247
Deferred leasing costs (1,868) (2,672)
Accounts payable and accrued expenses 134,237 95,471
Amounts due from related parties (3,192) (241)
Net cash provided by operating activities 596,788 498,193
Investing activities    
Cash paid for single-family properties (582,442) (633,794)
Change in escrow deposits for purchase of single-family properties 8,492 (26,818)
Net proceeds received from sales of single-family properties and other 163,295 101,411
Proceeds received from storm-related insurance claims 1,981 1,993
Proceeds from notes receivable related to the sale of properties 34,014 0
Investment in unconsolidated joint ventures (17,308) (20,742)
Distributions from joint ventures 58,160 46,927
Renovations to single-family properties (80,612) (28,234)
Recurring and other capital expenditures for single-family properties (98,763) (90,413)
Cash paid for development activity (707,764) (524,884)
Cash paid for deposits on land option contracts (10,686) 0
Other investing activities (36,021) (16,907)
Net cash used for investing activities (1,267,654) (1,191,461)
Financing activities    
Redemption of perpetual preferred units (155,000) (498,750)
Proceeds from issuances under share-based compensation plans 3,323 4,094
Payments related to tax withholding for share-based compensation (4,811) (2,666)
Payments on asset-backed securitizations (16,884) (18,061)
Proceeds from unsecured senior notes, net of discount 876,813 737,195
Settlement of cash flow hedging instrument 0 (3,999)
Proceeds from liabilities related to consolidated land not owned 60,217 0
Distributions to common unitholders (216,301) (130,311)
Distributions to preferred unitholders (13,595) (32,160)
Deferred financing costs paid (8,215) (17,997)
Net cash provided by financing activities 736,819 630,185
Net increase (decrease) in cash, cash equivalents and restricted cash 65,953 (63,083)
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 191,767 265,077
Cash, cash equivalents and restricted cash, end of period (see Note 3) 257,720 201,994
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (89,400) (85,472)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 65,586 37,877
Transfers of completed homebuilding deliveries to properties 335,684 252,218
Property and land contributions to unconsolidated joint ventures (35,849) (43,814)
Property and land distributions from unconsolidated joint ventures 8,397 0
Noncash right-of-use assets obtained in exchange for operating lease liabilities 3,885 989
Accrued distributions to affiliates 337 0
Accrued distributions to non-affiliates 114 166
American Homes 4 Rent, L.P. | Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 490,000 1,060,000
Payments on revolving credit facility (840,000) (1,060,000)
American Homes 4 Rent, L.P. | Class A common shares    
Financing activities    
Proceeds from issuance of Class A common units 561,472 593,040
Payments of Class A common unit issuance costs $ (200) $ (200)