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Condensed Consolidated Statements of Cash Flows (L.P.) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Operating activities    
Net income $ 128,713 $ 128,095
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 124,928 115,726
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 2,485 3,056
Noncash share-based compensation 7,661 9,925
Loss on early extinguishment of debt 216 954
Equity in net loss of unconsolidated entities 915 884
Return on investment from unconsolidated joint ventures 1,659 0
Gain on sale and impairment of single-family properties and other, net (62,016) (68,901)
Other changes in operating assets and liabilities:    
Rent and other receivables (3,583) (1,929)
Prepaid expenses and other assets 12,739 (7,325)
Deferred leasing costs (1,239) (795)
Accounts payable and accrued expenses 9,906 22,918
Amounts due from related parties 1,019 (828)
Net cash provided by operating activities 223,403 201,780
Investing activities    
Cash paid for single-family properties (4,009) (4,483)
Change in escrow deposits for purchase of single-family properties (3,241) 5,684
Net proceeds received from sales of single-family properties and other 142,128 156,102
Proceeds from notes receivable related to the sale of properties 19 130
Investment in unconsolidated joint ventures (3,336) (1,116)
Distributions from unconsolidated entities 963 113
Renovations to single-family properties (7,456) (10,804)
Recurring and other capital expenditures for single-family properties (30,942) (23,804)
Cash paid for development activity (193,696) (209,477)
Other investing activities (8,119) (6,157)
Net cash used for investing activities (107,689) (68,146)
Financing activities    
Proceeds from issuances under share-based compensation plans 445 1,423
Payments related to tax withholding for share-based compensation (10,815) (7,936)
Payments on asset-backed securitizations (496,593) (466,145)
Proceeds from unsecured senior notes, net of discount 0 599,358
Payments related to liabilities to repurchase consolidated land not owned (18,868) (24,182)
Distributions to common unitholders (112,372) (95,914)
Distributions to preferred unitholders (3,486) (3,486)
Deferred financing costs paid 0 (5,219)
Net cash used for financing activities (247,072) (72,204)
Net (decrease) increase in cash, cash equivalents and restricted cash (131,358) 61,430
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 350,216 221,861
Cash, cash equivalents and restricted cash, end of period (see Note 3) 218,858 283,291
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (68,249) (38,389)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 56,114 75,819
Transfers of completed homebuilding deliveries to properties 175,892 185,123
Unrealized loss on cash flow hedging instruments (1,549) 0
Noncash right-of-use assets obtained in exchange for operating lease liabilities 842 0
Accrued distributions to affiliates 1,270 1,223
Accrued distributions to non-affiliates 179 164
Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 410,000 0
Payments on revolving credit facility 0 (90,000)
American Homes 4 Rent, L.P.    
Operating activities    
Net income 128,713 128,095
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 124,928 115,726
Noncash amortization of deferred financing costs, debt discounts and cash flow hedging instruments 2,485 3,056
Noncash share-based compensation 7,661 9,925
Loss on early extinguishment of debt 216 954
Equity in net loss of unconsolidated entities 915 884
Return on investment from unconsolidated joint ventures 1,659 0
Gain on sale and impairment of single-family properties and other, net (62,016) (68,901)
Other changes in operating assets and liabilities:    
Rent and other receivables (3,583) (1,929)
Prepaid expenses and other assets 12,739 (7,325)
Deferred leasing costs (1,239) (795)
Accounts payable and accrued expenses 9,906 22,918
Amounts due from related parties 1,019 (828)
Net cash provided by operating activities 223,403 201,780
Investing activities    
Cash paid for single-family properties (4,009) (4,483)
Change in escrow deposits for purchase of single-family properties (3,241) 5,684
Net proceeds received from sales of single-family properties and other 142,128 156,102
Proceeds from notes receivable related to the sale of properties 19 130
Investment in unconsolidated joint ventures (3,336) (1,116)
Distributions from unconsolidated entities 963 113
Renovations to single-family properties (7,456) (10,804)
Recurring and other capital expenditures for single-family properties (30,942) (23,804)
Cash paid for development activity (193,696) (209,477)
Proceeds from repayment of loan from affiliate 0 25,666
Other investing activities (8,119) (6,157)
Net cash used for investing activities (107,689) (68,146)
Financing activities    
Proceeds from issuances under share-based compensation plans 445 1,423
Payments related to tax withholding for share-based compensation (10,815) (7,936)
Payments on asset-backed securitizations (496,593) (466,145)
Proceeds from unsecured senior notes, net of discount 0 599,358
Payments related to liabilities to repurchase consolidated land not owned (18,868) (24,182)
Distributions to common unitholders (127,755) (109,232)
Distributions to preferred unitholders (3,486) (3,486)
Deferred financing costs paid 0 (5,219)
Net cash used for financing activities (247,072) (72,204)
Net (decrease) increase in cash, cash equivalents and restricted cash (131,358) 61,430
Cash, cash equivalents and restricted cash, beginning of period (see Note 3) 350,216 221,861
Cash, cash equivalents and restricted cash, end of period (see Note 3) 218,858 283,291
Supplemental cash flow information    
Cash payments for interest, net of amounts capitalized (68,249) (38,389)
Supplemental schedule of noncash investing and financing activities    
Accrued property renovations and development expenditures 56,114 75,819
Transfers of completed homebuilding deliveries to properties 175,892 185,123
Unrealized loss on cash flow hedging instruments (1,549) 0
Noncash right-of-use assets obtained in exchange for operating lease liabilities 842 0
Accrued distributions to affiliates 1,270 1,223
Accrued distributions to non-affiliates 179 164
American Homes 4 Rent, L.P. | Revolving Credit Facility    
Financing activities    
Proceeds from revolving credit facility 410,000 0
Payments on revolving credit facility 0 (90,000)
American Homes 4 Rent, L.P. | Class A Common Units    
Financing activities    
Proceeds from issuance of Class A common units 0 33,249
Payments of Class A common unit issuance costs $ 0 $ (34)