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Consolidated Statements of Cash Flows (L.P.) - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Operating activities      
Net income $ 432,142 $ 310,025 $ 210,559
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 456,550 426,531 372,848
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 12,279 11,673 8,790
Noncash share-based compensation 25,370 27,308 17,792
Equity in net income of unconsolidated joint ventures (1,227) (3,066) (1,610)
Return on investment from unconsolidated joint ventures 3,345 5,711 0
Gain on sale and impairment of single-family properties and other, net (209,834) (136,459) (49,696)
Other changes in operating assets and liabilities:      
Rent and other receivables 879 (8,146) (4,885)
Prepaid expenses and other assets (21,545) (7,144) 465
Deferred leasing costs (3,113) (2,586) (3,422)
Accounts payable and accrued expenses 44,264 43,615 44,512
Amounts due from related parties (421) (1,944) (153)
Net cash provided by operating activities 738,689 665,518 595,200
Investing activities      
Cash paid for single-family properties (12,784) (595,171) (850,071)
Change in escrow deposits for purchase of single-family properties 4,928 20,431 (33,005)
Net proceeds received from sales of single-family properties and other 469,463 292,509 132,072
Proceeds received from storm-related insurance claims 4,050 1,981 4,842
Proceeds from notes receivable related to the sale of properties 698 34,090 1,253
Investment in unconsolidated joint ventures (12,614) (25,313) (29,260)
Distributions from joint ventures 47,736 68,310 57,550
Renovations to single-family properties (40,137) (98,019) (47,681)
Recurring and other capital expenditures for single-family properties (134,176) (138,779) (122,551)
Cash paid for development activity (979,848) (921,423) (824,247)
Cash paid for deposits on land option contracts (1,142) (14,548) 0
Other investing activities (38,752) (49,570) (22,367)
Net cash used for investing activities (692,578) (1,425,502) (1,733,465)
Financing activities      
Redemption of perpetual preferred units 0 (155,000) (498,750)
Proceeds from issuances under share-based compensation plans 6,539 4,935 4,225
Payments related to tax withholding for share-based compensation (3,966) (4,812) (2,682)
Payments on asset-backed securitizations (24,470) (22,583) (24,311)
Proceeds from unsecured senior notes, net of discount 0 876,813 737,195
Settlement of cash flow hedging instrument 0 0 (3,999)
Proceeds from liabilities related to consolidated land not owned 0 60,217 0
Distributions to common unitholders (319,498) (252,506) (146,243)
Distributions to preferred unitholders (13,944) (17,081) (37,923)
Deferred financing costs paid 0 (8,225) (17,997)
Net cash (used for) provided by financing activities (42,210) 786,177 1,064,955
Net increase (decrease) in cash, cash equivalents and restricted cash 3,901 26,193 (73,310)
Cash, cash equivalents and restricted cash, beginning of period (see Note 2) 217,960 191,767 265,077
Cash, cash equivalents and restricted cash, end of period (see Note 2) 221,861 217,960 191,767
Supplemental cash flow information      
Cash payments for interest, net of amounts capitalized (128,027) (116,404) (95,790)
Supplemental schedule of noncash investing and financing activities      
Accrued property renovations and development expenditures 71,637 71,069 45,392
Transfers of completed homebuilding deliveries to properties 683,688 502,207 395,937
Property and land contributions to unconsolidated joint ventures (46,109) (35,843) (57,203)
Property and land distributions from unconsolidated joint ventures 0 8,397 0
Noncash right-of-use assets obtained in exchange for operating lease liabilities 963 5,059 1,346
Accrued distributions to affiliates 1,248 404 0
Accrued distributions to non-affiliates 142 106 0
American Homes 4 Rent, L.P.      
Operating activities      
Net income 432,142 310,025 210,559
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 456,550 426,531 372,848
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 12,279 11,673 8,790
Noncash share-based compensation 25,370 27,308 17,792
Equity in net income of unconsolidated joint ventures (1,227) (3,066) (1,610)
Return on investment from unconsolidated joint ventures 3,345 5,711 0
Gain on sale and impairment of single-family properties and other, net (209,834) (136,459) (49,696)
Other changes in operating assets and liabilities:      
Rent and other receivables 879 (8,146) (4,885)
Prepaid expenses and other assets (21,545) (7,144) 465
Deferred leasing costs (3,113) (2,586) (3,422)
Accounts payable and accrued expenses 44,264 43,615 44,512
Amounts due from related parties (421) (1,944) (153)
Net cash provided by operating activities 738,689 665,518 595,200
Investing activities      
Cash paid for single-family properties (12,784) (595,171) (850,071)
Change in escrow deposits for purchase of single-family properties 4,928 20,431 (33,005)
Net proceeds received from sales of single-family properties and other 469,463 292,509 132,072
Proceeds received from storm-related insurance claims 4,050 1,981 4,842
Proceeds from notes receivable related to the sale of properties 698 34,090 1,253
Investment in unconsolidated joint ventures (12,614) (25,313) (29,260)
Distributions from joint ventures 47,736 68,310 57,550
Renovations to single-family properties (40,137) (98,019) (47,681)
Recurring and other capital expenditures for single-family properties (134,176) (138,779) (122,551)
Cash paid for development activity (979,848) (921,423) (824,247)
Cash paid for deposits on land option contracts (1,142) (14,548) 0
Other investing activities (38,752) (49,570) (22,367)
Net cash used for investing activities (692,578) (1,425,502) (1,733,465)
Financing activities      
Redemption of perpetual preferred units 0 (155,000) (498,750)
Proceeds from issuances under share-based compensation plans 6,539 4,935 4,225
Payments related to tax withholding for share-based compensation (3,966) (4,812) (2,682)
Payments on asset-backed securitizations (24,470) (22,583) (24,311)
Proceeds from unsecured senior notes, net of discount 0 876,813 737,195
Settlement of cash flow hedging instrument 0 0 (3,999)
Proceeds from liabilities related to consolidated land not owned 0 60,217 0
Distributions to common unitholders (364,569) (289,359) (169,413)
Distributions to preferred unitholders (13,944) (17,081) (37,923)
Deferred financing costs paid 0 (8,225) (17,997)
Net cash (used for) provided by financing activities (42,210) 786,177 1,064,955
Net increase (decrease) in cash, cash equivalents and restricted cash 3,901 26,193 (73,310)
Cash, cash equivalents and restricted cash, beginning of period (see Note 2) 217,960 191,767 265,077
Cash, cash equivalents and restricted cash, end of period (see Note 2) 221,861 217,960 191,767
Supplemental cash flow information      
Cash payments for interest, net of amounts capitalized (128,027) (116,404) (95,790)
Supplemental schedule of noncash investing and financing activities      
Accrued property renovations and development expenditures 71,637 71,069 45,392
Transfers of completed homebuilding deliveries to properties 683,688 502,207 395,937
Property and land contributions to unconsolidated joint ventures (46,109) (35,843) (57,203)
Property and land distributions from unconsolidated joint ventures 0 8,397 0
Noncash right-of-use assets obtained in exchange for operating lease liabilities 963 5,059 1,346
Accrued distributions to affiliates 1,248 404 0
Accrued distributions to non-affiliates 142 106 0
Revolving Credit Facility      
Financing activities      
Proceeds from revolving credit facility 200,000 620,000 1,410,000
Payments on credit facility (240,000) (840,000) (1,060,000)
Revolving Credit Facility | American Homes 4 Rent, L.P.      
Financing activities      
Proceeds from revolving credit facility 200,000 620,000 1,410,000
Payments on credit facility (240,000) (840,000) (1,060,000)
Class A common units | American Homes 4 Rent, L.P.      
Financing activities      
Proceeds from issuance of Class A common units 398,600 561,472 728,810
Payments of Class A common unit issuance costs $ (400) $ (200) $ (200)