EQUITY RESIDENTIAL EQR Cash Flow

Equity residential (EQR)

CashFlow / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08	Dec'07
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income
1,009,708	685,192	628,381	4,480,104	908,018	658,683	1,905,353	881,204	935,197	295,983	382,029	436,413	1,047,356
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
831,083	785,725	743,749	705,649	765,895	758,861	1,013,353	684,992	663,616	673,403	600,375	602,908	616,414
Amortization of deferred financing costs
11,670	11,310	8,526	12,633	10,801	11,088	22,425	21,435	17,846	10,406	13,127	9,701	11,849
Amortization of above/below market lease intangibles
-71	4,392	3,828	3,426	3,382	3,222	898	0	0	-	1,661	365	-
Amortization of discounts and premiums on debt
11,780	22,781	3,536	-17,986	-10,569	-13,520	-156,439	-8,181	-1,478	-471	5,857	9,730	5,082
Amortization of deferred settlements on derivative instruments
21,176	18,440	18,847	41,680	18,075	16,334	19,607	14,144	3,808	2,804	2,228	1,317	575
Amortization of right-of-use assets
11,764	-	-	-	-	-	-	-	-	-	-	-	-
Impairment
-	700	1,700	0	0	-	-	-	-	45,380	11,124	116,418	-
Write-off of pursuit costs
5,529	4,450	3,106	4,092	2,878	3,607	5,184	9,056	5,075	5,272	4,838	5,535	1,726
Income from technology investments
-	-	-	-	-	-	-	-	-	0	0	-	-
(Income) loss from investments in unconsolidated entities
65,945	-3,667	-3,370	4,801	15,025	-7,952	-58,156	-14	0	-735	-2,815	-107	332
Distributions from unconsolidated entities – return on capital
2,621	2,492	2,632	2,863	4,741	5,570	2,481	575	319	61	153	116	102
Net (gain) loss on sales of investment securities and other investments
-	-	-	58,409	526	57	4,203	-	-	-	-	-	-
Net (gain) loss on sales of real estate properties
447,600	256,800	157,057	4,044,055	335,134	212,685	0	0	-	-	-	-	-
Net (gain) on sales of unconsolidated entities
-	-	-	-	-	-	-	-	0	28,101	10,689	2,876	2,629
Net (gain) loss on sales of land parcels
2,000	1,000	19,167	15,731	-1	5,277	12,227	0	4,217	1,395	0	2,976	6,360
Net (gain) on sales of investment securities
-	-	-	-	-	-	-	0	-4,537	-	4,943	-	-
Net (gain) loss on sales of discontinued operations
-	-	-	43	0	179	2,036,505	548,278	826,489	297,956	335,299	392,857	933,013
Net (gain) loss on debt extinguishment
-13,647	-22,110	-12,258	-114,666	0	-	-	-	-	2,457	-17,525	18,656	-3,339
Realized/unrealized (gain) loss on derivative instruments
-	-50	-	-74	-3,055	60	-70	1	-186	1	3	-500	1
Compensation paid with Company Common Shares
24,449	27,132	24,997	30,530	34,607	27,543	35,474	24,832	21,177	18,875	17,843	22,311	21,631
Other operating activities, net
287	-	-	-	-	-	-	-	-	-	-	-	-19
Changes in assets and liabilities:
Decrease in deposits restricted
-	-	-	-	-	1,740	-3,684	4,091	-4,523	3,316	-3,117	1,903	-2,927
Decrease in mortgage deposits
-	-	-	-	-	-1,452	-1,813	-176	-2,133	-	-2,437	-	-
(Increase) decrease in other assets
-6,278	-4,097	449	-31,147	41,803	-21,773	-3,742	20,411	2,743	-9,048	-11,768	1,488	4,873
Increase (decrease) in accounts payable and accrued expenses
5,116	-1,862	11,532	-6,061	-1,667	17,797	6,229	-2,102	332	-5,454	-34,524	-821	-9,760
Increase (decrease) in accrued interest payable
4,230	4,587	-2,911	-24,275	-4,319	11,231	-9,219	-11,898	-10,510	-4,000	-11,997	-10,871	33,545
Increase (decrease) in lease liabilities
-2,269	-	-	-	-	-	-	-	-	-	-	-	-
Increase (decrease) in other liabilities
13,382	16,578	-23,468	-26,422	12,269	8,437	15,401	2,987	-8,245	9,972	2,220	-19,412	1,482
Accumulated other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	-3,853
Increase (decrease) in security deposits
2,804	2,249	2,385	-14,958	1,949	4,041	-6,361	1,702	4,474	1,007	-5,091	2,196	4,087
Net cash provided by operating activities
1,456,984	1,356,295	1,265,788	1,214,123	1,356,628	1,324,073	868,916	1,046,155	800,467	726,037	670,812	755,027	793,232
CASH FLOWS FROM INVESTING ACTIVITIES:
Acquisition of Archstone, net of cash acquired
-	-	-	-	-	-	4,000,875	0	0	26,854	0	-	-
Investment in real estate – acquisitions
1,518,878	708,092	466,394	205,880	331,336	469,989	108,308	843,976	1,441,599	1,189,210	175,531	388,083	1,680,074
Investment in real estate – development/other
195,692	154,431	276,382	566,825	653,897	530,387	377,442	180,409	120,741	131,301	330,623	521,546	480,184
Capital expenditures to real estate
178,423	188,501	202,607	172,177	182,113	185,957	135,816	152,828	144,452	138,208	123,937	169,838	252,675
Non-real estate capital additions
4,955	4,505	1,506	5,731	3,991	5,286	4,134	8,821	7,110	2,991	2,028	2,327	7,696
Interest capitalized for real estate under development
6,884	6,260	26,290	51,451	59,885	52,782	-47,321	-22,509	-9,108	-13,008	-34,859	-60,072	-45,107
Proceeds from disposition of real estate, net
1,064,619	691,526	384,583	6,824,659	504,748	522,647	4,551,454	1,049,219	1,500,583	672,700	887,055	887,576	2,012,939
Investments in unconsolidated entities
9,604	6,571	6,034	5,266	23,019	15,768	66,471	5,291	2,021	0	0	-	191
Distributions from unconsolidated entities – return of capital
78,262	-	334	13,798	51,144	103,793	25,471	0	0	26,924	6,521	-	122
Purchase of investment securities and other investments
269	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of investment securities and other investments
-	-	-	72,815	2,535	57	4,878	0	4,537	25,000	215,753	-	-
Proceeds from sale of investment securities
-	-	-	58,409	526	-	-	-	-	-	-	-	-
Purchase of investment securities
-	-	-	-	-	-	-	-	-	-	77,822	158,367	-
Proceeds from technology investments
-	-	-	-	-	-	-	-	-	0	0	-	-
Decrease (increase) in deposits on real estate acquisitions and investments, net
-	-	-	-	-	-33,004	-143,694	97,984	-7,631	-137,106	250,257	-65,395	-245,667
Decrease (increase) in mortgage deposits
-	-	-	-	-	-798	-7,893	-1,444	479	-4,699	-	-	-
Consolidation of previously unconsolidated properties
-	-	-	-	-	44,796	0	0	-	-	-	-	-
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	104
Net cash provided by (used for) investing activities
-771,824	-376,834	-594,296	5,903,942	-695,814	-644,666	-6,977	-261,155	-197,208	-639,458	105,229	-343,803	-200,749
CASH FLOWS FROM FINANCING ACTIVITIES:
Debt financing costs
19,812	8,583	6,289	13,305	6,425	10,982	16,526	21,209	20,421	8,811	9,291	9,233	26,257
Mortgage deposits
-	-	-	-	-	-	-	-2,370	-16,596	-73,232	-46,664	-445	-5,354
Mortgage notes payable, net:
Proceeds
295,771	96,935	-	-	-	-	902,886	26,495	190,905	173,561	738,798	-	-
Lump sum payoffs
743,021	1,347,939	493,420	583,122	359,244	88,788	2,532,682	350,247	974,956	635,285	939,022	411,391	523,299
Mortgage deposits
-	-	-	-	-	7,699	5,631	57	-247	-	-	-	-
Scheduled principal repayments
6,808	6,629	10,704	8,544	9,275	11,869	12,658	14,088	16,726	16,769	17,763	-	24,732
(Loss) on debt extinguishments
-	-	-	-	-	-	-	-	-	2,457	2,400	-81	-3,339
Notes, net:
Proceeds
1,194,468	896,294	692,466	-	-	-	-	-	-	-	-	-	-
Lump sum payoffs
1,050,000	-	497,975	-	-	-	-	-	-	-	-	-	4,286
Proceeds
-	-	-	496,705	746,391	1,194,277	1,245,550	0	996,190	595,422	0	-	1,493,030
Lump sum payoffs
-	-	-	1,500,000	300,000	1,250,000	400,000	975,991	575,641	0	850,115	304,043	150,000
(Loss) gain on debt extinguishments
-	-	-	-	-	-	-	-	-	-	19,925	-18,737	-
Line of credit and commercial paper:
Line of credit proceeds
6,010,000	3,805,000	1,845,000	426,000	3,770,000	7,167,000	9,832,000	5,876,000	1,455,000	5,513,125	0	841,000	17,536,000
Line of credit repayments
5,990,000	3,805,000	1,845,000	426,000	4,103,000	6,949,000	9,717,000	5,876,000	1,455,000	5,513,125	0	980,000	17,857,000
Commercial paper proceeds
15,944,800	14,030,926	5,066,509	1,760,194	3,932,304	0	0	-	-	-	-	-	-
Commercial paper repayments
15,446,150	13,831,500	4,786,750	2,127,472	3,545,028	0	0	-	-	-	-	-	-
Proceeds from (payments on) settlement of derivative instruments
41,616	-18,118	-1,295	4,662	13,938	758	44,063	0	147,306	10,040	-11,253	26,781	-2,370
Prepaid finance ground lease
34,734	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of Common Shares
-	-	-	-	-	-	-	1,417,040	173,484	329,452	86,184	-	-
Proceeds from Employee Share Purchase Plan (ESPP)
3,116	3,879	3,744	3,686	4,404	3,392	3,401	5,399	5,262	5,112	5,292	6,170	7,165
Proceeds from exercise of EQR options
77,785	30,655	31,596	35,833	59,508	82,573	17,252	49,039	95,322	71,596	9,136	24,634	28,760
Common Shares repurchased and retired
-	-	-	-	-	1,777	0	0	-	1,887	1,124	12,548	1,221,680
Redemption of Preferred Shares
-	-	-	-	12,720	0	0	150,000	0	877	0	-	175,000
Premium on redemption of Preferred Shares
-	-	-	-	3,486	0	0	23	0	0	-	-	24
Payment of offering costs
991	27	51	314	79	41	1,047	39,359	3,596	4,657	2,536	102	175
Other financing activities, net
-80	-78	-63	-49	-49	-49	-48	-48	-48	-48	-16	-16	-14
Acquisition of Noncontrolling Interests – Partially Owned Properties
-	13	-	-	-	-	-	-	-	-	-	-	-
Deconsolidation of previously consolidated properties
-	-	-	-	-	-	-	-	-28,360	-11,708	0	-	-
Distributions from unconsolidated entities - return of capital
-	-	-	-	-	-	-	-	-	-	-	3,034	-
Acquisition of Noncontrolling Interests – Partially Owned Properties
-	-	-	-	-	5,501	0	13	12,809	16,023	11,480	20	-
Contributions – Noncontrolling Interests – Partially Owned Properties
7,337	125	125	-	0	5,684	27,660	8,221	75,911	222	893	2,083	10,267
Contributions – Limited Partners
2	1	-	1	3	3	5	5	0	0	78	-	-
Distributions:
OP Units – General Partner
831,111	782,122	739,375	4,771,725	784,748	776,659	681,610	473,451	432,023	379,969	488,604	522,195	526,281
Preference Units
3,090	3,863	3,091	2,318	3,357	4,145	4,145	13,416	12,829	14,471	14,479	14,521	27,008
OP Units – Limited Partners
29,615	28,226	27,291	188,115	30,869	30,744	27,897	-	-	-	-	34,584	35,543
Accumulated other comprehensive income (loss)
-	-	-	-	-	-	-	-	-	-	-	-	1,954
Preference Interests and Units
-	-	-	-	-	-	-	-	-	-	12	15	453
Noncontrolling Interests – Partially Owned Properties
7,078	9,753	8,286	36,219	6,559	-	-	21,915	20,002	18,867	28,935	-	18,943
Noncontrolling Interests Partially Owned Properties
-	-	-	-	-	7,778	6,442	5,083	1,115	2,918	2,423	3,056	-
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	37,262	-113,318
Proceeds
-	-	-	-	-	-	-	-	-	-	-	1,841,453	827,831
Net cash provided by (used for) financing activities
-684,474	-963,910	-789,818	-7,054,092	-666,167	-692,861	-1,420,995	-556,331	-650,746	151,541	-1,473,547	428,739	-801,929
Net increase (decrease) in cash and cash equivalents and restricted deposits
686	15,551	-118,326	63,973	-5,353	-13,454	-559,056	228,669	-47,487	238,120	-697,506	839,963	-209,446
SUPPLEMENTAL INFORMATION:
Cash paid for interest, net of amounts capitalized
342,048	358,156	360,273	482,152	436,748	443,125	722,963	464,785	477,434	475,374	508,847	491,803	457,700
Net cash paid (received) for income and other taxes
-585	853	640	1,494	1,264	1,517	1,152	673	645	-2,740	3,968	-1,252	-1,587
Mortgage loans assumed
-	-	-	43,400	0	28,910	0	137,644	158,240	359,082	0	24,946	226,196
Amortization of deferred financing costs:
Valuation of OP Units issued
-	-	-	-	-	-	-	66,606	0	8,245	1,034	849	-
Mortgage loans (assumed) by purchaser
-	-	-	-	-	-	-	-	-	-39,999	-17,313	0	-76,744
Other assets
2,987	2,412	2,412	3,366	3,054	3,054	-	-	-	-	-	-	-
Mortgage notes payable, net
3,934	4,792	2,493	3,978	3,589	3,075	-	-	-	-	-	-	-
Notes, net
4,869	4,106	3,621	5,289	4,158	4,959	-	-	-	-	-	-	-
Transaction costs
-	-	-	-	-	-	-	-	-	-	-	-	104
Other investing activities, net
-	-	-	-	-	-	-	-	-	-	-	-	-1,200
Investment in real estate, net
120	-	-	-	-	-	-152	0	0	-2,768	-3,585	-1,986	-1,521
Deferred financing costs, net
-	-	-	-	-	-	22,577	21,435	17,846	13,174	16,712	11,687	13,370
Amortization of discounts and premiums on debt:
Investment in real estate, net
-	-	-	-	-	-	-	-	-	-	-3	-6	-
Mortgage notes payable, net
8,618	20,144	1,172	-21,158	-13,126	-15,904	-158,625	-10,333	-8,260	-9,208	-6,097	-6,287	-6,252
Notes, net
3,162	2,637	2,364	3,172	2,557	2,384	2,186	2,152	6,782	8,737	11,957	16,023	11,334
Line of credit and commercial paper
-	-	-	-	-	0	0	-	-	-	-	-	-
Amortization of deferred settlements on derivative instruments:
Other liabilities
12	12	11	78	169	-534	-534	-534	-535	-534	-1,496	-1,379	-1,379
Accumulated other comprehensive income
-21,188	-18,452	-18,858	-41,758	-18,244	-16,868	-20,141	-14,678	-4,343	-	-3,724	-2,696	-
Write-off of pursuit costs:
Other assets
62	53	17	402	74	-	203	-	-	-	-	-	-
Accounts payable and accrued expenses
16	33	124	104	0	0	-	-	-	-	-	-	-
(Income) loss from investments in unconsolidated entities:
Investment in real estate, net
5,451	4,364	2,965	3,586	2,804	2,541	4,956	-	-	-	-	-	-
Deposits restricted
-	-	-	-	-	0	-	-	-	-	-	-	-
Write-off of pursuit costs
5,529	4,450	3,106	4,092	2,878	-	5,184	9,056	5,075	5,272	4,838	5,535	1,726
(Income) loss from investments in unconsolidated entities:
Losses reclassified into earnings from other comprehensive income
-	-	-	-	-	-	-	-	-	3,338	-	-	-
Investments in unconsolidated entities
-67,268	2,304	1,955	-6,327	-17,340	4,610	53,066	14	0	-	-	-	-
Other liabilities
1,323	1,363	1,415	1,526	2,315	3,342	5,090	0	0	-	-	-	-
Distributions from unconsolidated entities return on capital:
Investments in unconsolidated entities
-	-	-	-	4,606	5,360	2,448	575	-	-	-	-	-
Other liabilities
-	-	-	-	135	210	33	0	-	-	-	-	-
Realized/unrealized (gain) loss on derivative instruments:
Other assets
2,002	-14,977	-4,582	1,798	-3,573	10,160	-17,139	7,448	6,826	13,019	-33,261	-6,680	-2,347
Mortgage notes payable
-	-	-	-	-	-	-	-2,589	-612	-163	-1,887	6,272	7,492
Notes, net
2,277	-680	-3,454	-1,798	2,058	1,597	-1,523	-4,860	-2,937	7,497	719	1,846	4,323
Other liabilities
29,486	10,533	1,597	3,989	2,351	21,489	-39	11,772	140,507	45,542	-3,250	22,877	-5,616
Accumulated other comprehensive income
-33,765	5,174	6,439	-3,915	2,219	-33,306	18,771	-11,772	-143,598	-65,894	37,676	-23,815	-
Investments in unconsolidated entities:
Debt financing costs:
Investment in real estate, net
-	-	-	-	-	-	-8,687,355	0	0	-	-	-	-
Investments in unconsolidated entities
-	-	-	-	-	-	-225,568	0	0	-	-	-	-
Deposits - restricted
-	-	-	-	-	-	-528	0	0	-42,633	0	0	-
Escrow deposits - mortgage
-	-	-	-	-	-	-37,582	0	0	-	-	-	-
Deferred financing costs, net
-	-	-	-	-	-	-25,780	0	0	-	-	-	-
Accounts payable and accrued expenses
-	-	-	-	-	-	16,984	0	0	-	-	-	-
Accrued interest payable
-	-	-	-	-	-	11,305	0	0	-	-	-	-
Other liabilities
-	-	-	-	-	-	117,299	0	0	-	-	-	-
Security deposits
-	-	-	-	-	-	10,965	0	0	-	-	-	-
Issuance of Common Shares
-	-	-	-	-	-	1,929,868	0	0	-	-	-	-
Noncontrolling Interests - Partially Owned Properties
-	-	-	-	-	-	28,263	0	0	-	-	-	-
Investment in real estate, net
-	-	-	-	-	52,717	45,533	-21,661	-8,785	-13,008	-34,859	-	-
Investments in unconsolidated entities
-	-	-	-	-	65	1,788	-848	-323	0	0	-	-
Investments in unconsolidated entities:
Investments in unconsolidated entities
7,504	4,891	3,034	2,326	1,404	6,318	13,656	-5,291	-2,021	-	-	-	-
Other liabilities
2,100	1,680	3,000	2,940	21,615	9,450	52,815	0	0	-	-	-	-
Distributions from unconsolidated entities - return of capital:
Investments in unconsolidated entities
-	-	-	-	51,144	103,793	-	-	-	-	-	-	-
Other assets
-	-	-	-216	0	0	-	-	-	-	-	-	-
Investment in real estate, net
1,518,878	708,092	466,394	205,880	331,336	469,989	108,308	843,976	1,441,599	1,189,210	175,531	388,083	1,680,074
Investments in unconsolidated entities
9,604	6,571	6,034	5,266	23,019	15,768	66,471	5,291	2,021	0	0	-	191
Accounts payable and accrued expenses
5,116	-1,862	11,532	-6,061	-1,667	17,797	6,229	-2,102	332	-5,454	-34,524	-821	-9,760
Other assets
-6,909	-145	-	-8,553	0	0	-215,622	0	0	-	-	-	-
Mortgage notes payable, net
-2,354	-555	-	507	35	-448	3,076,876	0	0	-	-	-	-
Notes, net
-10,549	-7,883	-6,289	-4,245	-6,390	-10,534	-	-	-	-	-	-	-
Right-of-use assets and lease liabilities initial measurement and reclassifications:
Right-of-use assets
489,517	-	-	-	-	-	-	-	-	-	-	-	-
Other assets
184,116	-	-	-	-	-	-	-	-	-	-	-	-
Lease liabilities
333,603	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-28,202	-	-	-	-	-	-	-	-	-	-	-	-
Investment in real estate, net
-	-	-	-	-	-	-	-	-	-105,065	0	0	-
Investments in unconsolidated entities
-	-	-	-	-	-	-	-	-	7,376	0	0	-
Mortgage notes payable
-	-	-	-	-	-	-	-	-	112,631	0	0	-
Net other assets recorded
-	-	-	-	-	-	-	-	-	837	0	0	-
Investments in unconsolidated entities
-	-	-	-	-	-	-	-	-7,135	-3,167	0	0	-
Investment in real estate, net
-	-	-	-	-	-	-	-	-	-	0	0	-
Proceeds from (payments on) settlement of derivative instruments:
Other assets
-	18,118	1,295	-	1,848	6,623	-50	0	0	-	11,253	-98	2,375
Other liabilities
41,616	-	-	-4,662	-15,786	-7,381	-44,013	0	-147,306	-10,040	0	-26,683	-5
Payments of Financing Costs
19,812	8,583	6,289	13,305	6,425	-	16,526	21,209	20,421	8,811	9,291	9,233	26,257
Receivable on sale of Common Shares
-	-	-	-	-	-	-	28,457	0	37,550	-	-	-
Foreign currency translation adjustments
-	-	-	264	-327	-552	613	0	0	-	-	-	-
Transfer from notes, net to mortgage notes payable
-	-	-	-	-	-	-	-	-	35,600	0	0	-
ERPOP [Member]
Net income
-	-	-	4,480,104	-	-	-	-	-	-	-	-	-
Depreciation
-	-	-	705,649	-	-	-	-	-	-	-	-	-
Amortization of deferred financing costs
-	-	-	12,633	-	-	-	-	-	-	-	-	-
Amortization of above/below market lease intangibles
-	-	-	3,426	-	-	-	-	-	-	-	-	-
Amortization of discounts and premiums on debt
-	-	-	-17,986	-	-	-	-	-	-	-	-	-
Amortization of deferred settlements on derivative instruments
-	-	-	41,680	-	-	-	-	-	-	-	-	-
Write-off of pursuit costs
-	-	-	4,092	-	-	-	-	-	-	-	-	-
(Income) loss from investments in unconsolidated entities
-	-	-	4,801	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated entities – return on capital
-	-	-	2,863	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of investment securities and other investments
-	-	-	58,409	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of real estate properties
-	-	-	4,044,055	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of land parcels
-	-	-	15,731	-	-	-	-	-	-	-	-	-
Net (gain) loss on sales of discontinued operations
-	-	-	43	-	-	-	-	-	-	-	-	-
Net (gain) loss on debt extinguishment
-	-	-	-114,666	-	-	-	-	-	-	-	-	-
Realized/unrealized (gain) loss on derivative instruments
-	-	-	-74	-	-	-	-	-	-	-	-	-
Compensation paid with Company Common Shares
-	-	-	30,530	-	-	-	-	-	-	-	-	-
(Increase) decrease in other assets
-	-	-	-31,147	-	-	-	-	-	-	-	-	-
Increase (decrease) in accounts payable and accrued expenses
-	-	-	-6,061	-	-	-	-	-	-	-	-	-
Increase (decrease) in accrued interest payable
-	-	-	-24,275	-	-	-	-	-	-	-	-	-
Increase (decrease) in other liabilities
-	-	-	-26,422	-	-	-	-	-	-	-	-	-
Increase (decrease) in security deposits
-	-	-	-14,958	-	-	-	-	-	-	-	-	-
Net cash provided by operating activities
-	-	-	1,214,123	-	-	-	-	-	-	-	-	-
Investment in real estate – acquisitions
-	-	-	205,880	-	-	-	-	-	-	-	-	-
Investment in real estate – development/other
-	-	-	566,825	-	-	-	-	-	-	-	-	-
Capital expenditures to real estate
-	-	-	172,177	-	-	-	-	-	-	-	-	-
Non-real estate capital additions
-	-	-	5,731	-	-	-	-	-	-	-	-	-
Interest capitalized for real estate under development
-	-	-	51,451	-	-	-	-	-	-	-	-	-
Proceeds from disposition of real estate, net
-	-	-	6,824,659	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
-	-	-	5,266	-	-	-	-	-	-	-	-	-
Distributions from unconsolidated entities – return of capital
-	-	-	13,798	-	-	-	-	-	-	-	-	-
Proceeds from sale of investment securities and other investments
-	-	-	72,815	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) investing activities
-	-	-	5,903,942	-	-	-	-	-	-	-	-	-
Debt financing costs
-	-	-	13,305	-	-	-	-	-	-	-	-	-
Lump sum payoffs
-	-	-	583,122	-	-	-	-	-	-	-	-	-
Scheduled principal repayments
-	-	-	8,544	-	-	-	-	-	-	-	-	-
Proceeds
-	-	-	496,705	-	-	-	-	-	-	-	-	-
Lump sum payoffs
-	-	-	1,500,000	-	-	-	-	-	-	-	-	-
Line of credit proceeds
-	-	-	426,000	-	-	-	-	-	-	-	-	-
Line of credit repayments
-	-	-	426,000	-	-	-	-	-	-	-	-	-
Commercial paper proceeds
-	-	-	1,760,194	-	-	-	-	-	-	-	-	-
Commercial paper repayments
-	-	-	2,127,472	-	-	-	-	-	-	-	-	-
Proceeds from (payments on) settlement of derivative instruments
-	-	-	4,662	-	-	-	-	-	-	-	-	-
Proceeds from Employee Share Purchase Plan (ESPP)
-	-	-	3,686	-	-	-	-	-	-	-	-	-
Proceeds from exercise of EQR options
-	-	-	35,833	-	-	-	-	-	-	-	-	-
Payment of offering costs
-	-	-	314	-	-	-	-	-	-	-	-	-
Other financing activities, net
-	-	-	-49	-	-	-	-	-	-	-	-	-
Contributions – Limited Partners
-	-	-	1	-	-	-	-	-	-	-	-	-
OP Units – General Partner
-	-	-	4,771,725	-	-	-	-	-	-	-	-	-
Preference Units
-	-	-	2,318	-	-	-	-	-	-	-	-	-
OP Units – Limited Partners
-	-	-	188,115	-	-	-	-	-	-	-	-	-
Noncontrolling Interests – Partially Owned Properties
-	-	-	36,219	-	-	-	-	-	-	-	-	-
Net cash provided by (used for) financing activities
-	-	-	-7,054,092	-	-	-	-	-	-	-	-	-
Net increase (decrease) in cash and cash equivalents and restricted deposits
-	-	-	63,973	-	-	-	-	-	-	-	-	-
Cash paid for interest, net of amounts capitalized
-	-	-	482,152	-	-	-	-	-	-	-	-	-
Net cash paid (received) for income and other taxes
-	-	-	1,494	-	-	-	-	-	-	-	-	-
Mortgage loans assumed
-	-	-	43,400	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	3,366	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
-	-	-	3,978	-	-	-	-	-	-	-	-	-
Notes, net
-	-	-	5,289	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
-	-	-	-21,158	-	-	-	-	-	-	-	-	-
Notes, net
-	-	-	3,172	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	78	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income
-	-	-	-41,758	-	-	-	-	-	-	-	-	-
Investment in real estate, net
-	-	-	3,586	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	402	-	-	-	-	-	-	-	-	-
Accounts payable and accrued expenses
-	-	-	104	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
-	-	-	-6,327	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	1,526	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	1,798	-	-	-	-	-	-	-	-	-
Notes, net
-	-	-	-1,798	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	3,989	-	-	-	-	-	-	-	-	-
Accumulated other comprehensive income
-	-	-	-3,915	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
-	-	-	2,326	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	2,940	-	-	-	-	-	-	-	-	-
Investments in unconsolidated entities
-	-	-	14,014	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-216	-	-	-	-	-	-	-	-	-
Other assets
-	-	-	-8,553	-	-	-	-	-	-	-	-	-
Mortgage notes payable, net
-	-	-	507	-	-	-	-	-	-	-	-	-
Notes, net
-	-	-	-4,245	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-4,662	-	-	-	-	-	-	-	-	-
Foreign currency translation adjustments
-	-	-	264	-	-	-	-	-	-	-	-	-
Mortgage Notes Payable, Net [Member]
Net gain (loss) on debt extinguishment
3,381	22,110	12,258	31,732	-	-	-	-	-	-	-	-	-
Notes, Net [Member]
Net gain (loss) on debt extinguishment
10,266	-	-	82,934	-	-	-	-	-	-	-	-	-