Apartment investment & management co (AIV)
CashFlow / Quarterly
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income

8,977

142,766

3,970

69,996

291,295

9,840

603,917

7,156

95,690

286,189

22,144

21,591

17,155

177,399

30,036

245,953

29,885

75,376

23,769

68,688

104,150

45,459

144,515

84,605

81,532

148,603

79,410

6,979

2,833

97,248

53,335

34,131

10,647

-8,573

4,657

-26,971

-27,277

-34,212

-28,482

-10,170

-16,760

Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization

100,476

97,144

97,538

91,924

93,565

91,347

96,406

97,485

92,548

97,348

92,513

89,155

87,168

87,710

84,848

80,680

79,828

79,482

77,237

75,150

74,432

71,465

69,437

71,399

70,307

70,322

72,040

73,832

75,716

72,225

79,153

87,163

86,632

64,164

80,188

84,914

93,967

58,195

98,974

101,057

105,035

Provision for real estate impairment loss

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-2,114

0

2,275

6,074

-

-

-

-

-

-

-

-

Loss (gain) on dispositions of real estate

-34

146,239

1,146

64,310

291,473

-2,275

626,233

310

53,195

299,968

-233

1,508

-394

162,930

14,498

216,541

6,187

50,119

0

44,781

85,693

26,153

126,329

66,662

69,492

0

0

0

0

-

-

-

-

-2,712

3,095

808

1,212

5,263

883

3,041

1,444

Equity in (income) losses of unconsolidated real estate partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

205

-2,242

-763

-9,289

-4,986

-1,798

-1,648

-11,313

-15,652

-5,296

9,149

Income tax (benefit) expense

-3,233

-1,193

-3,096

-1,827

2,981

-410

26,207

-4,307

-34,517

-15,958

-4,870

-5,023

-4,985

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Discontinued operations

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-66,886

2,014

1,448

-

-37,782

-29,707

-26,296

-

-14,107

-7,077

3,926

-

-11,533

-17,877

-15,547

Other adjustments

-3,157

10,404

-3,986

-3,242

-3,201

10,697

-9,455

-2,023

-284

8,092

4,308

-3,510

-1,196

-4,459

150

1,631

8,749

-16,750

5,885

2,757

8,495

-2,445

1,345

1,876

-3,425

14,166

-2,679

-8,487

-277

9,682

-1,353

9,661

-512

-

12,154

-5,142

-4,666

-

-1,537

901

1,189

Changes in operating assets and operating liabilities:
Net changes in operating assets and operating liabilities

31,995

-

-7,457

10,603

17,952

-

-7,548

-2,256

19,487

-

-11,931

3,823

27,324

-

545

5,649

20,824

-

-6,019

3,647

19,743

-

-2,832

-2,012

30,971

-

12,146

-32,822

31,382

-

-15,041

-17,117

29,860

-

-20,698

-10,530

48,038

-

-8,121

-8,019

36,546

Net cash provided by operating activities

77,416

95,724

108,709

88,422

81,617

93,462

117,300

104,303

81,323

96,923

117,643

103,902

73,604

100,045

99,691

102,812

73,953

101,447

101,140

92,653

64,651

88,035

89,110

89,478

54,801

77,473

75,097

124,134

48,892

74,530

90,265

103,560

48,472

82,438

81,173

67,528

27,680

67,331

79,206

84,185

26,778

CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of real estate and deposits related to purchases of real estate

2,733

6,698

87,870

41,507

2,236

29,939

7,040

40,668

164,650

8,666

3,517

3,194

4,995

2,777

281,833

3,844

2,275

27,240

943

100,464

40,800

151,578

118,482

1,111

12,870

564

31,283

18,548

896

-11

9,984

39,738

40,005

-

-

-

-

-

-

-

-

Capital expenditures

94,842

100,712

116,261

90,942

85,546

87,340

89,033

88,515

75,601

91,481

90,235

94,237

82,151

87,322

93,293

86,454

79,576

89,605

104,500

101,333

71,742

90,110

94,790

88,182

94,242

75,222

111,748

97,304

66,064

81,839

70,940

61,037

56,394

81,942

56,581

31,613

30,236

48,139

51,767

39,966

39,057

Proceeds from dispositions of real estate

0

206,308

7

80,373

342,083

384

632,147

6,529

69,788

391,095

-27

8,736

2,179

210,169

26,653

289,090

9,601

139,660

0

94,606

133,305

75,357

325,832

138,773

100,082

236,578

112,776

5,062

2,898

199,689

131,346

75,173

78,696

139,116

100,424

65,299

22,014

74,852

36,556

79,481

27,682

Purchases of corporate assets

5,104

-

-

-

3,319

-

-

-

947

1,541

1,353

3,195

2,810

1,068

2,047

2,661

1,764

2,040

1,273

1,185

2,167

2,074

2,275

2,331

1,799

2,245

3,495

3,094

2,029

1,097

1,870

2,299

2,552

3,232

-16,823

25,073

3,641

2,617

3,491

2,143

1,148

Proceeds from sales of and distributions from unconsolidated real estate partnerships

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,643

13,851

6,194

8,504

5,753

8,039

4,632

-1,329

-

-

-

-2,065

Changes in restricted cash

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-270,849

290,075

-3,234

3,329

-208

-146

-2,546

-60,099

-62,402

67,675

28,511

14,799

2,130

-28,925

8,993

-

-

-

-

-

-

-

-

-

-

-

-

Originations of notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

235

513

220

Proceeds from repayments on notes receivable

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

41

1,533

117

Net increase in cash from consolidation and deconsolidation of entities

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-13,118

Other investing activities

-4,665

7,956

1,878

-1,064

-1,422

-39

3,626

-2,297

218

933

1,819

-639

-94

292

-121

-4,804

-5,209

-1,575

-438

-3,939

699

-6,309

-4,301

-5,302

8,749

-5,086

-3,490

-10,860

-1,515

22,138

2,060

-5,614

-4,785

10,140

-10,442

-8,429

-9,514

-13,552

-1,404

-2,072

-6,269

Net cash (used in) provided by investing activities

-98,014

-189,408

-213,530

-54,879

252,404

-117,276

532,809

-122,059

-171,628

288,904

-96,951

-91,251

-87,683

135,114

-79,550

-89,140

-65,571

44,822

-131,871

-104,291

20,443

-101,997

176,988

-15,224

-46,089

364,351

-32,390

-193,200

-73,569

75,445

65,560

-22,372

-6,966

58,738

15,294

-32,518

-1,020

44,850

-14,832

47,531

8,826

CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from non-recourse property debt

-

-

-

-

-

867,414

0

0

360,613

146,649

97,250

0

68,535

227,000

152,453

30,495

7,766

119,608

35,348

179,173

18,473

105,373

20,156

23,444

39,530

45,323

76,635

29,349

81,658

108,959

18,640

100,080

15,574

159,570

104,922

341,417

321,184

282,017

41,876

75,637

49,854

Principal repayments on non-recourse property debt

22,622

129,681

182,556

188,210

19,580

572,946

145,997

50,882

206,262

158,493

159,254

59,394

32,026

118,619

194,061

40,088

19,179

95,550

28,510

249,376

140,858

136,886

197,974

116,358

62,381

176,551

142,193

49,349

104,183

154,893

118,952

97,810

76,137

177,899

159,625

377,205

368,961

279,833

88,501

89,425

35,369

Net borrowings on (repayments of) revolving credit facility

318,845

275,000

-294,960

224,960

-90,360

160,360

-220,170

141,535

11,475

-289,060

110,500

176,020

51,770

-276,850

134,240

54,460

79,080

-101,200

80,680

47,520

-112,330

97,880

-38,950

-56,660

59,660

-248,150

111,500

137,850

49,200

-66,200

66,200

-67,400

67,400

-

-

-

-

-

-

-

-

Repurchases of Common Stock

10,004

0

0

0

20,682

373,593

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of Common Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-5

366,585

0

0

0

0

-

-

-

-

-

-

-

-

-70

11,039

33,799

27,174

-

-

-

-

Principal repayments on tax-exempt bond financing

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

30,175

886

Payments on term loans

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

25,000

20,000

45,000

Proceeds from issuance of preferred stock or units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-9,818

0

-18

9,836

-

-

-

-

-

-

-

-

Net borrowings on revolving credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

14,800

Repurchases of Preferred Stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

27,000

0

16

0

9,500

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from Common Stock option exercises

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10

0

983

1

0

47,052

1,854

0

0

0

1,806

-

-

-

-

Payment of dividends to holders of Preferred Stock

0

-1

0

1,099

2,148

2,149

2,148

2,149

2,148

2,149

2,148

2,149

2,148

2,148

2,351

2,758

2,757

2,757

2,757

2,758

2,827

3,592

2,126

659

696

700

702

700

702

872

7,148

16,560

12,439

12,366

12,513

12,421

12,456

14,675

12,931

12,907

12,922

Payment of dividends to holders of Common Stock

61,116

57,969

57,969

57,945

67,405

58,567

59,649

59,636

59,652

56,390

56,326

56,333

56,328

51,618

51,611

51,527

51,523

46,814

46,795

46,715

43,758

38,014

37,984

38,034

37,970

35,019

35,019

35,018

34,996

29,124

29,109

23,967

21,806

14,508

14,498

14,338

14,239

11,702

11,693

11,685

11,649

Payment of distributions to noncontrolling interests

5,442

5,300

5,383

5,236

5,701

-18,970

5,551

5,096

11,902

298,440

4,653

5,386

5,790

6,680

17,128

5,475

6,423

11,375

6,740

33,083

6,203

7,003

10,862

7,471

24,636

29,931

11,322

6,811

15,702

19,964

10,927

11,233

15,725

17,404

19,036

10,431

11,542

9,356

16,578

16,585

12,038

Redemptions of noncontrolling interests in the Aimco Operating Partnership

1,584

5,623

827

1,591

2,653

1,210

859

694

7,122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of noncontrolling interests in consolidated real estate partnerships

-

-

-

-

-

-

-

2,360

1,219

-

1,100

318,537

4,628

-

19,071

2,113

1,867

-

-

-

-

-

-

-

-

-

-

-

-

611

8,117

20,642

27,638

3,305

4,357

1,010

6,139

-

-

-

-

Other financing activities

-365

4,427

3,821

-10,987

302

5,648

-374

-3,053

3,012

2,231

-4,746

-2,114

2,167

1,691

4,862

-5,895

186

-1,060

855

-773

-1,657

4,236

-2,944

-6,750

9,932

8,108

-20,917

-8,890

13,564

4,485

-12,680

-18,622

9,743

-6,931

-14,053

-5,357

6,548

-8,177

-11,974

-6,139

14,221

Net cash provided by (used in) financing activities

217,712

178,161

132,139

-166,025

-208,227

-7,890

-684,750

17,665

86,795

-376,882

-20,477

-17,893

21,552

-238,873

-27,458

-22,901

5,283

-140,721

29,137

-106,017

50,425

13,747

-270,738

-78,830

-26,061

-453,695

-22,008

66,431

-10,178

-168,077

-366,274

148,542

-49,338

-125,941

-105,960

-31,046

-56,625

-145,918

2,370

-131,273

-38,989

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

197,114

84,477

27,318

-132,482

125,794

-31,704

-34,641

-91

-3,510

8,945

215

-5,242

7,473

-3,714

-7,317

-9,229

13,665

5,548

-1,594

-117,655

135,519

-215

-4,640

-4,576

-17,349

-11,871

20,699

-2,635

-34,855

-18,102

-210,449

229,730

-7,832

15,235

-9,493

3,964

-29,965

-33,737

66,744

443

-3,385

Non-cash transactions associated with consolidation and deconsolidation of real estate partnerships:
AIMCO Properties, LP [Member]
Net income

8,977

142,766

3,970

69,996

291,295

9,840

603,917

7,156

95,690

286,189

22,144

21,591

17,155

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Depreciation and amortization

100,476

97,144

97,538

91,924

93,565

91,347

96,406

97,485

92,548

97,348

92,513

89,155

87,168

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Gain (loss) on dispositions of real estate and the Asset Management business, inclusive of related income tax

-

-

-

-

-

-

-

-

53,195

-

-233

1,508

-394

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Loss (gain) on dispositions of real estate

-34

146,239

1,146

64,310

291,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Income tax (benefit) expense

-3,233

-1,193

-3,096

-1,827

2,981

-410

26,207

-4,307

-34,517

-15,958

-4,870

-5,023

-4,985

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other adjustments

-3,157

10,404

-3,986

-3,242

-3,201

10,697

-9,455

-2,023

-284

8,092

4,308

-3,510

-1,196

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net changes in operating assets and operating liabilities

31,995

-

-7,457

10,603

17,952

-

-7,548

-2,256

19,487

-

-11,931

3,823

27,324

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by operating activities

77,416

95,724

108,709

88,422

81,617

93,462

117,300

104,303

81,323

96,923

117,643

103,902

73,604

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of real estate and deposits related to purchases of real estate

2,733

-

87,870

41,507

2,236

-

7,040

40,668

164,650

-

3,517

3,194

4,995

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Capital expenditures

94,842

100,712

116,261

90,942

85,546

87,340

89,033

88,515

75,601

91,481

90,235

94,237

82,151

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from dispositions of real estate

0

206,308

7

80,373

342,083

384

632,147

6,529

69,788

391,095

-27

8,736

2,179

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of corporate assets

5,104

-

-

-

3,319

-

-

-

947

1,541

1,353

3,195

2,810

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other investing activities

-4,665

7,956

1,878

-1,064

-1,422

-39

3,626

-2,297

218

933

1,819

-639

-94

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash (used in) provided by investing activities

-98,014

-189,408

-213,530

-54,879

252,404

-117,276

532,809

-122,059

-171,628

288,904

-96,951

-91,251

-87,683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from non-recourse property debt

-

-

-

-

-

867,414

0

0

360,613

146,649

97,250

0

68,535

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Principal repayments on non-recourse property debt

22,622

129,681

182,556

188,210

19,580

572,946

145,997

50,882

206,262

158,493

159,254

59,394

32,026

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net borrowings on (repayments of) revolving credit facility

318,845

275,000

-294,960

224,960

-90,360

160,360

-220,170

141,535

11,475

-289,060

110,500

176,020

51,770

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Repurchases of Common Stock

10,004

0

0

0

20,682

373,593

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of distributions to General Partner and Special Limited Partner

61,116

57,969

57,969

57,945

67,405

58,567

59,649

59,636

59,652

56,390

56,326

56,333

56,328

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of distributions to Limited Partners

3,492

3,188

3,197

3,247

3,767

3,177

3,185

2,888

2,737

2,642

2,618

2,690

2,718

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of dividends to holders of Preferred Stock

1,869

1,907

1,933

3,032

4,082

4,084

4,082

4,083

4,085

4,087

4,086

4,088

4,097

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Payment of distributions to noncontrolling interests

81

204

253

56

0

1,535

432

274

7,228

6,390

97

757

1,123

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of noncontrolling interests in the Aimco Operating Partnership

-

-

-

-

-

-

859

694

7,122

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Redemption of common and preferred units

1,584

-

-

-

2,653

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Purchases of noncontrolling interests in consolidated real estate partnerships

-

-

-

-

-

-

-

2,362

1,219

-

24

311,055

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other financing activities

-365

4,427

3,821

-10,987

302

5,648

-376

-3,051

3,012

2,230

7,365

-9,596

-2,461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Net cash provided by (used in) financing activities

217,712

178,161

132,139

-166,025

-208,227

-7,890

-684,750

17,665

86,795

-376,882

-20,477

-17,893

21,552

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH

197,114

84,477

27,318

-132,482

125,794

-31,704

-34,641

-91

-3,510

8,945

215

-5,242

7,473

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-