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Condensed Consolidated Statements of Cash Flows (L.P.) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Operating activities    
Net income $ 128,095 $ 137,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115,726 112,717
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 3,056 3,043
Noncash share-based compensation 9,925 5,824
Loss on early extinguishment of debt 954 0
Equity in net loss (income) of unconsolidated joint ventures 884 (1,340)
Gain on sale and impairment of single-family properties and other, net (68,901) (84,659)
Other changes in operating assets and liabilities:    
Rent and other receivables (1,929) (1,672)
Prepaid expenses and other assets (7,325) 4,309
Deferred leasing costs (795) (808)
Accounts payable and accrued expenses 22,918 23,926
Amounts due from related parties (828) 1,428
Net cash provided by operating activities 201,780 200,467
Investing activities    
Cash paid for single-family properties (4,483) (2,923)
Change in escrow deposits for purchase of single-family properties 5,684 988
Net proceeds received from sales of single-family properties and other 156,102 184,510
Proceeds from notes receivable related to the sale of properties 130 24
Investment in unconsolidated joint ventures (1,116) 0
Distributions from joint ventures 113 10,943
Renovations to single-family properties (10,804) (8,735)
Recurring and other capital expenditures for single-family properties (23,804) (31,705)
Cash paid for development activity (209,477) (213,598)
Other investing activities (6,157) (12,416)
Net cash used for investing activities (68,146) (72,912)
Financing activities    
Proceeds from issuances under share-based compensation plans 1,423 31
Payments related to tax withholding for share-based compensation (7,936) (3,773)
Payments on asset-backed securitizations (466,145) (6,765)
Proceeds from unsecured senior notes, net of discount 599,358 0
Payments related to liabilities to repurchase consolidated land not owned (24,182) 0
Distributions to common unitholders (95,914) (79,831)
Distributions to preferred unitholders (3,486) (3,486)
Deferred financing costs paid (5,219) 0
Net cash (used for) provided by financing activities (72,204) 63,300
Net increase in cash, cash equivalents and restricted cash 61,430 190,855
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 221,861 217,960
Cash, cash equivalents and restricted cash, end of period (see Note 3) 283,291 408,815
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (38,389) (39,770)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 75,819 71,110
Transfers of completed homebuilding deliveries to properties 185,123 108,792
Property and land contributions to unconsolidated joint ventures 0 (11,609)
Accrued distributions to affiliates 1,223 551
Accrued distributions to non-affiliates 164 128
Revolving Credit Facility    
Financing activities    
Payments on revolving credit facility (90,000) (130,000)
American Homes 4 Rent, L.P.    
Operating activities    
Net income 128,095 137,699
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 115,726 112,717
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 3,056 3,043
Noncash share-based compensation 9,925 5,824
Loss on early extinguishment of debt 954 0
Equity in net loss (income) of unconsolidated joint ventures 884 (1,340)
Gain on sale and impairment of single-family properties and other, net (68,901) (84,659)
Other changes in operating assets and liabilities:    
Rent and other receivables (1,929) (1,672)
Prepaid expenses and other assets (7,325) 4,309
Deferred leasing costs (795) (808)
Accounts payable and accrued expenses 22,918 23,926
Amounts due from related parties (828) 1,428
Net cash provided by operating activities 201,780 200,467
Investing activities    
Cash paid for single-family properties (4,483) (2,923)
Change in escrow deposits for purchase of single-family properties 5,684 988
Net proceeds received from sales of single-family properties and other 156,102 184,510
Proceeds from notes receivable related to the sale of properties 130 24
Investment in unconsolidated joint ventures (1,116) 0
Distributions from joint ventures 113 10,943
Renovations to single-family properties (10,804) (8,735)
Recurring and other capital expenditures for single-family properties (23,804) (31,705)
Cash paid for development activity (209,477) (213,598)
Proceeds from repayment of loan from affiliate 25,666 0
Other investing activities (6,157) (12,416)
Net cash used for investing activities (68,146) (72,912)
Financing activities    
Proceeds from issuances under share-based compensation plans 1,423 31
Payments related to tax withholding for share-based compensation (7,936) (3,773)
Payments on asset-backed securitizations (466,145) (6,765)
Proceeds from unsecured senior notes, net of discount 599,358 0
Payments related to liabilities to repurchase consolidated land not owned (24,182) 0
Distributions to common unitholders (109,232) (91,079)
Distributions to preferred unitholders (3,486) (3,486)
Deferred financing costs paid (5,219) 0
Net cash (used for) provided by financing activities (72,204) 63,300
Net increase in cash, cash equivalents and restricted cash 61,430 190,855
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 221,861 217,960
Cash, cash equivalents and restricted cash, end of period (see Note 3) 283,291 408,815
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (38,389) (39,770)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 75,819 71,110
Transfers of completed homebuilding deliveries to properties 185,123 108,792
Property and land contributions to unconsolidated joint ventures 0 (11,609)
Accrued distributions to affiliates 1,223 551
Accrued distributions to non-affiliates 164 128
American Homes 4 Rent, L.P. | Revolving Credit Facility    
Financing activities    
Payments on revolving credit facility (90,000) (130,000)
American Homes 4 Rent, L.P. | Class A Common Units    
Financing activities    
Proceeds from issuance of Class A common units 33,249 298,372
Payments of Class A common unit issuance costs $ (34) $ 0