Payments on term loan facility

  
INVITATION HOMES INC.CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)(in thousands)  


|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  | For the Years Ended December 31, |
|  |  |  |  |  |
|  |  | 2021 |  | 2020 |  | 2019 |
| Payments on term loan facility |  | —  |  |  | (1,500,000) |  |  | —  |  |
| Proceeds from revolving facility |  | 400,000  |  |  | 320,000  |  |  | 485,000  |  |
| Payments on revolving facility |  | (400,000) |  |  | (320,000) |  |  | (485,000) |  |
| Proceeds from issuance of common stock, net |  | 933,790  |  |  | 686,723  |  |  | 55,263  |  |
| Deferred financing costs paid |  | (16,990) |  |  | (41,411) |  |  | (2,613) |  |
| Other financing activities |  | (23,653) |  |  | (17,903) |  |  | (8,876) |  |
| Net cash provided by (used in) financing activities |  | 658,988  |  |  | (146,033) |  |  | (838,102) |  |
|  |  |  |  |  |  |  |
| Change in cash, cash equivalents, and restricted cash |  | 407,090  |  |  | 125,523  |  |  | (73,746) |  |
| Cash, cash equivalents, and restricted cash, beginning of period (Note 4) |  | 411,768  |  |  | 286,245  |  |  | 359,991  |  |
| Cash, cash equivalents, and restricted cash, end of period (Note 4) |  | $ | 818,858  |  |  | $ | 411,768  |  |  | $ | 286,245  |  |
|  |  |  |  |  |  |  |
| Supplemental cash flow disclosures: |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| Interest paid, net of amounts capitalized |  | $ | 285,501  |  |  | $ | 313,076  |  |  | $ | 322,085  |  |
| Cash paid for income taxes |  | 809  |  |  | 1,284  |  |  | 2,781  |  |
| Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |
| Operating cash flows from operating leases |  | 5,911  |  |  | 5,560  |  |  | 5,365  |  |
| Financing cash flows from finance leases |  | 2,720  |  |  | 2,382  |  |  | 498  |  |
|  |  |  |  |  |  |  |
| Non-cash investing and financing activities: |  |  |  |  |  |  |
|  |  |  |  |  |  |  |
| Accrued renovation improvements at period end |  | $ | 13,400  |  |  | $ | 7,709  |  |  | $ | 13,382  |  |
| Accrued residential property capital improvements at period end |  | 11,209  |  |  | 6,785  |  |  | 11,520  |  |
| Transfer of residential property, net to other assets, net for held for sale assets |  | 81,593  |  |  | 168,533  |  |  | 545,448  |  |
| Change in other comprehensive loss from cash flow hedges |  | 247,605  |  |  | (280,773) |  |  | (266,676) |  |
| ROU assets obtained in exchange for operating lease liabilities |  | 1,452  |  |  | 6,427  |  |  | 1,721  |  |
| ROU assets obtained in exchange for finance lease liabilities |  | 115  |  |  | 9,561  |  |  | —  |  |
| Net settlement of 2019 Convertible Notes in shares of common stock |  | —  |  |  | —  |  |  | 229,944  |  |
|  |  |  |  |  |  |  |
| Net settlement of 2022 Convertible Notes in shares of common stock |  | 203,509  |  |  | —  |  |  | —  |  |

  
The accompanying notes are an integral part of these consolidated financial statements.   
F-8
