AMERICAN CAMPUS COMMUNITIES, INC. ACC Cash Flow

American campus communities, inc. (ACC)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10
Operating activities
Net income
137,455	86,762	110,535	88,462	124,242	119,124	109,061	110,565	61,922	70,121	56,367	67,445	88,863	100,623	103,679	95,850	93,003	118,061	116,492	108,691	106,504	64,104	65,125	118,742	113,677	107,191	104,283	57,473	61,814	60,238	50,953	51,723	60,897	57,972	55,983	58,277	37,033	17,098	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Gain from disposition of real estate
48,472	-53	0	0	0	-	-	-	-	-	-	-	-	21,197	17,409	22,066	25,856	52,699	52,398	47,674	43,884	2,475	5,208	58,106	58,106	55,263	0	0	0	-	-	-	-	-	-	-	-	-3,705	0	0	0
Gain (Loss) on Extinguishment of Debt
16,165	20,992	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment
14,013	17,214	3,201	3,201	3,201	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4,036	0	0	0
Non-cash litigation settlement expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Loss on remeasurement of equity method investment
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Depreciation and amortization
272,460	275,046	275,256	272,457	267,179	263,203	260,011	255,005	247,411	234,955	221,292	212,234	209,994	211,387	214,171	214,352	212,231	208,788	205,397	202,725	199,593	197,542	193,664	189,467	188,726	187,475	179,142	162,289	139,062	116,490	100,097	93,776	91,398	89,271	88,553	86,327	82,018	77,568	0	0	0
Amortization of deferred financing costs and debt premiums/discounts
554	538	220	-41	882	885	774	-86	-1,986	-2,871	-3,783	-4,579	-5,431	-5,145	-5,607	-5,672	-5,355	-6,280	-6,428	-6,402	-6,643	-6,769	-6,958	-7,274	-7,670	-8,288	-6,985	-4,489	-1,674	1,316	2,169	2,189	1,339	326	-173	146	1,269	2,685	0	0	0
Share-based compensation
13,840	13,617	12,868	12,638	12,498	12,176	12,375	11,999	13,041	13,854	13,624	13,453	11,648	10,043	9,646	9,189	8,751	8,161	7,986	7,765	7,361	7,164	7,130	7,094	6,911	6,625	6,410	6,121	5,631	5,350	5,036	4,799	4,677	4,367	4,190	3,988	3,803	3,745	0	0	0
Income tax provision
1,522	1,507	1,265	741	2,512	2,429	2,345	2,831	1,013	989	906	984	1,062	1,150	1,345	1,311	1,276	1,242	1,371	1,350	1,329	1,308	1,124	1,089	1,055	1,020	997	923	824	725	553	460	446	433	515	570	570	570	0	0	0
Amortization of interest rate swap terminations and other
1,459	1,133	805	476	412	412	412	412	412	412	612	612	612	613	413	413	413	412	412	411	324	222	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	444	-130	-172	-185	-641	44	77	-621	-2,023	0	0	0
Distributions received from unconsolidated joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	200	0	0	0
Student contracts receivable, net
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-3,208	-863	-723	-1,656	775	-377	-1,447	-1,507	-1,791	-1,351	-1,274	-3,263	-3,199	-1,311	5,261	1,041	501	10	-5,941	-865	-1,161	-2,744	-3,185	-7,368	0	0	0
Student contracts receivable, net
-1,227	5,407	-17,520	1,708	4,787	-148	30,223	767	1,617	414	-184	1,335	2,020	-8,709	-7,404	-673	-394	9,397	10,536	14	585	959	-2,480	910	1,815	-4,621	7,978	4,421	3,336	8,733	2,137	239	-1,047	-394	-2,316	-1,092	-840	-234	0	0	0
Other assets
-10,268	4,445	1,892	8,590	19,393	9,570	11,701	-10,613	-7,137	-2,502	13,329	35,549	16,771	15,905	11,735	18,098	36,811	23,475	18,229	7,258	5,550	12,632	10,012	7,162	8,525	15,072	6,081	5,802	-3,517	-11,458	10,562	3,798	8,438	17,671	4,463	8,541	5,517	2,358	0	0	0
Accounts payable and accrued expenses
-7,109	-1,532	-2,102	-1,177	1,792	31,299	3,789	-638	559	-26,718	-3,145	-4,254	-5,292	-83	10,732	-1,977	-5,726	-1,201	-9,987	7,063	5,157	3,798	6,080	616	2,441	5,036	9	-425	-2,233	5,362	8,380	1,931	977	358	542	-1,878	-1,955	3,054	0	0	0
Other liabilities
12,658	20,044	9,503	11,856	11,981	7,941	34,608	8,904	17,012	9,898	5,550	2,443	7,437	-1,874	11,839	8,731	6,316	17,136	5,567	9,807	10,979	7,176	12,882	9,980	15,255	9,738	21,051	8,149	4,141	7,009	7,459	3,981	4,370	4,035	1,449	389	2,031	1,715	0	0	0
Net cash provided by operating activities
380,551	370,379	383,414	355,542	349,093	376,621	339,921	357,308	360,853	318,677	308,909	285,589	307,954	306,057	327,686	284,951	250,741	263,786	240,134	279,098	278,289	262,243	270,925	255,234	250,755	246,678	238,578	218,491	202,564	195,131	161,943	155,350	148,714	126,744	133,682	122,789	118,283	115,949	0	0	0
Investing activities
Proceeds from disposition of properties and land parcels
254,706	108,562	0	0	0	-	-	-	-	-	-	-	-	571,424	72,739	104,064	273,385	427,304	429,994	404,654	235,306	10,101	32,543	181,792	181,792	180,465	0	0	0	-	-	-	-	-	-	-	-	2,114	0	0	0
Cash paid for acquisition of properties and land parcels
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	291,352	363,723	340,450	232,105	74,641	150,938	243,180	243,180	234,326	563,974	1,050,466	1,091,991	1,106,047	0	0	0	-	-	-	-	-	-	-	-
Cash paid for land acquisitions
-	-	-	-	-	-	-	-	-	-	0	0	13,081	-	0	0	0	-	-	-	-	3,627	19,242	28,104	28,601	25,649	14,170	10,154	21,583	29,353	25,390	19,993	15,569	8,257	0	0	0	-	-	-	-
Capital expenditures for owned properties/on-campus participating properties
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Investment in on-campus participating property under development
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16,157	27,668	33,438	35,728	27,435	15,476	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Investment in loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2,000	0	0	0	-	-	-	-	-	-	-	-
Other investing activities
-1,739	-1,963	3,502	2,004	1,478	1,669	0	0	0	-	-	-	-	17,559	1,979	-4,356	9,065	7,033	176	6,577	-886	-894	-2,687	-1,562	450	970	-17,075	-11,601	-1,255	-405	0	0	0	-	-	-	-	-	-	-	-
Proceeds from mezzanine loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-
Change in restricted cash related to capital reserves
-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,300	406	-1,131	-2,955	-2,596	-1,761	-792	-1,623	-1,878	-1,633	-1,233	1,461	919	629	534	129	-31	-144	-1,175	-1,523	-1,546	-4,595	-1,360	-1,185	0	0	0
Proceeds from insurance settlement
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,907	0	0	0	-	-	-	0
Increase in ownership of consolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,065	1,708	1,708	1,708	0	0	0	0	-	-	-	-	-	-	-	-	3,275	0	0	0	-	-	-	0
Purchase of corporate furniture, fixtures and equipment
-	-	-	-	-	-	-	-	-	-	0	0	4,364	-	1,723	2,856	3,179	3,621	6,758	5,304	4,792	3,457	3,875	3,594	2,729	2,594	2,037	1,987	1,600	1,436	10,742	10,256	10,699	10,239	2,150	2,473	2,118	2,182	0	0	0
Net cash provided by (used in) investing activities
-251,247	-416,140	-526,826	-531,017	-315,974	-335,812	-424,838	-590,554	-970,914	-977,772	-441,772	-274,475	-164,341	-38,465	-474,549	-396,158	-245,818	-239,455	-274,408	-293,129	-350,575	-429,235	-502,480	-457,069	-515,306	-509,999	-802,584	-1,413,443	-1,409,095	-1,447,562	-1,228,065	-674,083	-506,081	-423,584	-231,908	-222,944	-271,789	-244,492	0	0	0
Financing activities
Proceeds from unsecured notes
798,056	398,816	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to common and restricted stockholders
-	-	-	-	-	-	-	0	240,686	-	232,030	226,869	222,607	218,697	208,018	197,986	188,055	178,506	173,531	168,472	163,408	158,487	156,246	154,049	151,860	149,461	147,034	140,335	127,813	117,592	106,161	98,576	96,416	93,813	92,440	86,826	81,545	76,579	0	0	0
Proceeds from sale of common stock
-	-	-	-	-	-	-	-	-	190,912	203,788	265,797	139,493	816,065	803,189	740,025	740,025	216,666	299,999	305,983	305,983	89,317	0	0	0	-	-	-	-	1,391,750	913,564	200,253	272,589	208,980	133,729	464,935	400,262	388,871	0	0	0
Offering costs
-	-	-	-	-	-	-	-	-	2,374	2,385	3,305	2,038	32,923	32,912	32,940	31,680	3,250	4,483	3,622	4,590	1,340	0	0	0	-	-	-	-	56,320	34,579	3,815	4,619	3,602	2,251	17,102	15,993	15,814	0	0	0
Pay-off of mortgage and construction loans
88,037	53,818	55,306	186,108	184,099	186,347	283,543	147,301	147,641	147,960	14,105	12,181	13,687	15,037	15,247	15,005	14,526	14,450	14,614	15,053	15,635	16,015	16,088	16,097	15,292	15,323	14,864	13,649	13,161	11,575	10,701	10,509	10,358	9,603	9,633	9,214	9,992	11,636	0	0	0
Pay-off of mortgage and construction loans
-	-	-	-	-	-	-	0	158,335	-	321,559	340,745	370,581	374,971	171,187	88,607	142,381	263,361	297,582	301,795	234,798	178,002	0	0	0	-	-	-	-	-	-	-	-	299,838	244,991	284,298	130,653	110,662	0	0	0
Costs paid related to early extinguishment of debt
4,156	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pay-off of unsecured notes
0	-	-	0	0	-	-	-	-	-	-	-	-	600,000	400,000	400,000	400,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from unsecured term loans
-	-	-	-	-	-	-	-	-	-	-	-	-	150,000	150,000	150,000	150,000	0	0	0	0	-	-	-	-	-	-	-	-	150,000	0	0	0	-	-	-	-	-	-	-	-
Pay-off of mortgage loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
2,064,100	949,000	900,400	1,027,400	1,041,200	1,095,500	1,073,200	1,144,400	1,207,800	1,164,700	1,226,900	786,900	500,100	376,000	217,300	337,800	615,700	720,200	815,300	805,200	644,700	615,900	671,100	709,655	689,455	609,055	631,855	643,200	637,000	638,000	0	0	0	-	-	-	-	-	-	-	-
Paydowns of revolving credit facility
1,911,800	910,600	815,200	893,100	801,800	835,800	1,072,740	1,235,386	1,175,800	1,136,400	980,460	644,614	314,100	345,600	197,300	567,200	747,600	893,800	953,800	663,550	872,250	611,850	803,255	823,105	755,005	732,605	683,200	799,000	478,000	665,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from construction loans
17,437	31,611	42,771	65,383	82,090	100,882	117,362	100,683	73,136	40,170	0	0	0	-	-	-	-	258	2,106	8,112	16,205	28,109	38,177	36,088	27,995	15,833	6,726	13,335	44,149	75,392	0	0	0	-	-	-	-	-	-	-	-
Scheduled principal payments on debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in construction accounts payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-
Debt issuance costs
9,302	6,462	6,462	6,562	2,509	656	5,381	6,876	7,478	12,060	7,422	5,927	4,669	831	2,349	4,878	4,878	4,330	2,727	365	4,821	5,021	11,287	11,120	9,907	10,507	8,390	10,668	7,633	9,806	0	0	0	-	-	-	-	-	-	-	-
Increase in ownership of consolidated subsidiary
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution by noncontrolling interests
549	1,174	664	5,690	379,162	379,391	380,176	378,048	4,497	11,801	11,526	8,158	8,158	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid on net-share settlements
4,299	3,975	3,975	3,974	3,830	2,756	2,756	3,394	3,394	4,920	4,920	4,283	4,283	2,977	2,899	2,899	2,899	2,800	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distribution paid
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions paid to noncontrolling interests
8,321	9,487	10,231	8,956	157,316	153,841	168,496	228,315	77,236	77,243	61,704	2,219	2,350	2,517	2,680	2,733	2,771	2,964	2,827	2,743	2,598	2,285	2,202	2,058	2,321	2,612	3,978	4,186	4,110	4,111	2,685	2,443	2,114	1,750	1,828	1,976	1,987	2,009	0	0	0
Net cash (used in) provided by financing activities
-271	20,592	138,658	176,997	-37,251	936	133,293	266,655	635,532	676,910	108,960	-197,732	-506,045	-270,969	134,026	309,180	364,538	-32,734	60,092	-41,528	58,887	153,303	225,700	240,618	280,729	280,618	571,262	1,202,887	1,188,972	1,251,486	1,055,634	488,076	358,037	205,732	-76,940	127,486	163,878	175,957	0	0	0
Net change in cash, cash equivalents, and restricted cash
129,033	-25,169	-4,754	1,522	-4,132	41,745	48,376	33,409	25,471	17,815	-23,903	-186,618	-362,432	-3,377	-12,837	197,973	369,461	-8,403	25,818	-55,559	-13,399	-13,689	-5,855	38,783	16,178	17,297	7,256	7,935	-17,559	-945	-10,488	-30,657	670	-91,108	-175,166	27,331	10,372	47,414	0	0	0
Supplemental disclosure of non-cash investing and financing activities
Loans associated with investment in joint ventures
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	69,423	69,423	11,621	11,623	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of common and preferred operating partnership units to common stock
5,826	6,077	6,077	13,105	13,105	13,332	13,332	632	632	154	6,005	11,033	11,129	11,292	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash contribution from noncontrolling interest
-	-	-	-	-	8,729	47,358	164,976	164,976	159,247	120,618	3,000	3,000	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Issuance of common units in connection with property acquisitions
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	14,182	14,182	14,182	14,182	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash consideration exchanged in purchase of land parcel
-	-	-	-	-	-	-	-	-	3,071	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued construction in progress
0	-	-	-	0	-	-	-	52,662	50,714	12,546	18,476	18,197	20,734	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative instruments, net
0	-	-	0	0	-	-	960	935	954	2,185	3,223	3,045	1,150	1,802	-785	185	-170	-3,508	-15	-1,615	-740	1,100	-2,136	3,420	5,226	5,341	4,118	-5,892	-3,301	-653	-589	4,802	2,143	-355	1,483	430	-1,147	0	0	0
Change in fair value of redeemable noncontrolling interest
-2,313	-14,350	-15,072	-68,066	-73,152	-66,079	-62,628	7,180	11,455	9,172	8,487	9,034	1,139	-7,937	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right of use assets
182,758	463,445	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
182,513	462,495	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flow information
Cash paid for interest, net of amounts capitalized
125,497	114,450	114,426	106,299	104,842	101,841	91,815	89,210	75,875	72,407	72,180	75,806	76,277	92,502	84,600	92,218	98,853	89,336	111,107	105,831	110,102	113,251	106,843	107,557	100,108	100,305	88,435	82,147	74,870	66,599	62,768	65,567	63,331	63,601	65,261	62,053	62,848	61,864	0	0	0
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Net income
137,455	86,762	110,535	88,462	124,242	119,124	109,061	110,565	61,922	70,121	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain from disposition of real estate
48,472	-53	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Extinguishment of Debt
16,165	20,992	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Provision for impairment
14,013	17,214	3,201	3,201	3,201	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation and amortization
272,460	275,046	275,256	272,457	267,179	263,203	260,011	255,005	247,411	234,955	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs and debt premiums/discounts
554	538	220	-41	882	885	774	-86	-1,986	-2,871	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Share-based compensation
13,840	13,617	12,868	12,638	12,498	12,176	12,375	11,999	13,041	13,854	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income tax provision
1,522	1,507	1,265	741	2,512	2,429	2,345	2,831	1,013	989	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of interest rate swap terminations and other
1,459	1,133	805	476	412	412	412	412	412	412	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Student contracts receivable, net
-1,227	5,407	-17,520	1,708	4,787	-148	30,223	767	1,617	414	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
-10,268	4,445	1,892	8,590	19,393	9,570	11,701	-10,613	-7,137	-2,502	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-7,109	-1,532	-2,102	-1,177	1,792	31,299	3,789	-638	559	-26,718	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
12,658	20,044	9,503	11,856	11,981	7,941	34,608	8,904	17,012	9,898	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
380,551	370,379	383,414	355,542	349,093	376,621	339,921	357,308	360,853	318,677	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from disposition of properties and land parcels
254,706	108,562	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other investing activities
-1,739	-1,963	3,502	2,004	1,478	1,669	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash provided by (used in) investing activities
-251,247	-416,140	-526,826	-531,017	-315,974	-335,812	-424,838	-590,554	-970,914	-977,772	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from unsecured notes
798,056	398,816	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common units in exchange for contributions, net
-	-	-	-	-	-	-	-	-	188,538	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pay-off of mortgage and construction loans
88,037	53,818	55,306	186,108	184,099	186,347	283,543	147,301	147,641	147,960	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Costs paid related to early extinguishment of debt
4,156	0	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pay-off of unsecured notes
0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from revolving credit facility
2,064,100	949,000	900,400	1,027,400	1,041,200	1,095,500	1,073,200	1,144,400	1,207,800	1,164,700	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Paydowns of revolving credit facility
1,911,800	910,600	815,200	893,100	801,800	835,800	1,072,740	1,235,386	1,175,800	1,136,400	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from construction loans
17,437	31,611	42,771	65,383	82,090	100,882	117,362	100,683	73,136	40,170	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Scheduled principal payments on debt
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Debt issuance costs
9,302	6,462	6,462	6,562	2,509	656	5,381	6,876	7,478	12,060	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Increase in ownership of consolidated subsidiary
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Contribution by noncontrolling interests
549	1,174	664	5,690	379,162	379,391	380,176	378,048	4,497	11,801	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Taxes paid on net-share settlements
4,299	3,975	3,975	3,974	3,830	2,756	2,756	3,394	3,394	4,920	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash (used in) provided by financing activities
-271	20,592	138,658	176,997	-37,251	936	133,293	266,655	635,532	676,910	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net change in cash, cash equivalents, and restricted cash
0	-	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of common and preferred operating partnership units to common stock
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash consideration exchanged in purchase of land parcel
-	-	-	-	-	-	-	-	-	3,071	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of derivative instruments, net
0	-	-	0	0	-	-	960	935	954	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of redeemable noncontrolling interest
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease right of use assets
182,758	463,445	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Initial recognition of operating lease liabilities
182,513	462,495	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest paid
125,497	114,450	114,426	106,299	104,842	101,841	91,815	89,210	75,875	72,407	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned properties
Capital expenditures
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Productive Assets
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P.
Cash paid for land acquisitions
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Purchase of corporate furniture, fixtures and equipment
-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Pay-off of mortgage and construction loans
-	-	-	-	-	-	-	0	158,335	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Conversion of common and preferred operating partnership units to common stock
-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Non-cash contribution from noncontrolling interest
-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in accrued construction in progress
0	-	-	-	0	-	-	-	52,662	50,714	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change in fair value of redeemable noncontrolling interest
-	-	-	-	-	-	-	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Wholly Owned Properties [Member]
Capital expenditures
-	-	-	-	-	-	-	0	-21,992	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Owned properties under development
Capital expenditures
423,953	444,362	452,548	442,930	457,194	475,338	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
On-campus participating properties
Capital expenditures
3,233	2,898	3,253	2,897	2,738	3,654	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Productive Assets
-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-