American campus communities, inc. (ACC)
Balance Sheet / TTM
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'10Dec'09
Assets
Investments in real estate:
Wholly-owned properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2,302

1,977

2,014

On-campus participating properties, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

63

63

65

Real Estate Investment Property, Net

6,710

6,769

6,836

6,753

6,694

6,661

6,600

6,512

6,624

6,532

6,345

5,888

5,651

5,538

5,931

5,809

5,663

5,667

5,629

5,488

5,522

5,533

5,452

5,382

5,323

5,286

5,089

5,038

4,983

4,928

4,024

3,075

2,948

2,848

2,574

2,480

2,511

2,496

2,365

2,041

2,080

Cash and cash equivalents

176

54

56

51

46

71

50

52

55

41

16

25

34

22

32

206

387

16

45

8

17

25

19

64

31

38

25

25

15

21

18

17

32

22

28

48

31

113

203

20

66

Restricted cash

32

26

29

37

33

35

39

34

28

23

25

28

24

24

29

34

40

33

36

40

34

31

31

35

36

35

37

39

38

36

51

39

21

22

24

26

27

26

26

31

29

Student contracts receivable, net

12

13

27

9

14

8

45

7

9

9

15

7

7

8

16

7

7

18

24

8

7

10

14

8

8

9

17

8

6

14

9

3

3

5

7

3

4

5

9

4

5

Operating lease right of use assets

459

460

461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

228

234

257

531

537

262

309

297

288

291

284

275

270

272

269

257

269

269

291

263

237

233

236

230

221

227

151

179

115

117

111

103

110

108

71

62

53

51

54

52

52

Assets

7,619

7,559

7,668

7,382

7,325

7,038

7,046

6,905

7,006

6,897

6,686

6,224

5,987

5,865

6,279

6,315

6,367

6,006

6,026

5,810

5,819

5,834

5,753

5,720

5,620

5,598

5,320

5,291

5,160

5,118

4,214

3,240

3,115

3,008

2,705

2,621

2,629

2,693

2,660

2,150

2,234

Liabilities and equity
Liabilities:
Secured Debt

749

787

827

872

864

853

920

990

682

664

662

680

683

688

927

1,054

1,087

1,094

1,123

1,105

1,194

1,331

1,387

1,425

1,432

1,507

1,414

1,500

1,516

1,509

1,157

919

871

858

887

911

1,085

1,144

1,099

947

1,029

Secured agency facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

87

87

87

95

104

104

104

116

116

116

116

116

96

101

101

-

30

-

Unsecured notes, net

-

-

-

-

-

-

-

1,587

1,586

-

1,190

1,189

1,189

1,188

1,188

1,187

1,187

1,186

1,197

798

798

798

798

798

398

398

398

398

-

0

-

-

-

-

-

-

-

-

-

-

-

Unsecured debt

-

-

-

-

-

-

-

198

647

-

646

347

149

149

348

348

348

597

600

600

600

600

600

600

600

600

350

350

350

350

350

350

350

200

200

200

-

-

-

-

-

Senior secured term loan

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

100

100

100

100

100

Unsecured revolving credit facility

-

-

-

-

-

-

-

51

218

-

266

142

186

99

20

0

0

68

0

229

131

242

138

0

271

150

175

97

321

258

206

241

150

273

34

-

-

-

-

-

-

Secured agency facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

101

94

94

Accounts payable and accrued expenses

53

88

86

67

58

88

86

66

52

53

79

62

48

76

77

61

49

71

81

68

51

70

73

58

49

65

63

49

44

56

57

38

29

36

37

30

25

34

34

26

26

Operating lease liabilities

477

473

469

285

282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

178

157

211

162

185

191

238

195

212

187

214

179

173

158

199

164

155

144

167

115

123

121

155

113

113

110

135

95

104

107

113

76

82

77

77

57

61

61

66

44

45

Liabilities

4,249

4,116

4,130

3,756

3,635

3,307

3,299

3,089

3,399

3,266

3,060

2,601

2,430

2,360

2,761

2,816

2,827

3,165

3,169

2,917

2,899

3,164

3,153

3,083

2,953

2,919

2,633

2,595

2,440

2,384

2,000

1,741

1,598

1,562

1,351

1,295

1,373

1,440

1,400

1,242

1,295

Commitments and contingencies (Note 12)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

0

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests

17

104

157

185

186

184

184

131

126

132

112

55

55

55

63

73

66

59

59

62

67

54

50

53

52

47

49

52

56

57

56

42

-

42

-

-

-

-

-

-

-

Equity:
American Campus Communities, Inc. and Subsidiaries stockholders’ equity:
Common stock, $0.01 par value, 800,000,000 shares authorized, 137,523,031 and 137,326,824 shares issued and outstanding at March 31, 2020 and December 31, 2019, respectively

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

1

0

0

0

0

0

0

0

0

0

0

0

Redeemable noncontrolling interests/limited partners

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

45

-

37

36

33

34

36

34

36

Additional paid in capital

4,467

4,458

4,455

4,460

4,455

4,458

4,456

4,507

4,332

4,326

4,321

4,312

4,183

4,118

4,095

4,021

4,026

3,325

3,326

3,323

3,315

3,102

3,022

3,013

3,011

3,017

3,014

3,006

3,000

3,001

2,470

1,737

1,734

1,664

1,594

1,546

1,476

1,468

1,465

1,101

1,092

Common stock held in rabbi trust, 81,416 and 77,928 shares at March 31, 2020 and December 31, 2019, respectively

3

3

3

3

3

3

3

3

2

2

2

1

1

0

0

0

0

0

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated earnings and dividends

-1,129

-1,144

-1,104

-1,059

-1,005

-971

-955

-889

-872

-837

-816

-754

-692

-670

-639

-594

-557

-550

-533

-490

-460

-487

-474

-428

-401

-392

-382

-391

-361

-347

-335

-305

-291

-286

-278

-256

-254

-249

-240

-226

-189

Accumulated other comprehensive loss

-26

-16

-18

-18

-10

-4

-1

-2

-2

-2

-3

-3

-3

-4

-5

-7

-7

-5

-8

-6

-7

-6

-5

-7

-2

-1

-2

-1

-5

-6

-7

-5

0

-3

-4

-4

-4

-5

-6

-6

-4

Total American Campus Communities, Inc. and Subsidiaries stockholders’ equity

3,309

3,294

3,330

3,379

3,438

3,481

3,497

3,614

3,456

3,484

3,500

3,554

3,487

3,444

3,450

3,420

3,462

2,770

2,785

2,826

2,848

2,609

2,543

2,578

2,608

2,624

2,630

2,615

2,634

2,648

2,128

1,427

1,443

1,375

1,312

1,286

1,218

1,213

1,219

869

899

Noncontrolling interests - partially owned properties

42

43

50

-

-

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

28

-

-

-

3

3

3

3

3

3

3

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

3,352

3,338

3,380

3,440

3,503

3,546

3,562

3,684

3,480

3,498

3,513

3,567

3,501

3,450

3,454

3,424

3,473

2,781

2,796

2,830

2,852

2,615

2,549

2,584

2,614

2,630

2,636

2,643

2,663

2,677

2,157

1,456

1,471

1,403

1,316

1,289

1,221

1,217

1,223

873

902

Capital:
Partners’ capital:
Total liabilities and equity / capital

7,619

7,559

7,668

7,382

7,325

7,038

7,046

6,905

7,006

6,897

6,686

6,224

5,987

5,865

6,279

6,315

6,367

6,006

6,026

5,810

5,819

5,834

5,753

5,720

5,620

5,598

5,320

5,291

5,160

5,118

4,214

3,240

3,115

3,008

2,705

2,621

2,629

2,693

2,660

2,150

2,234

AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP LP
Real Estate Investment Property, Net

6,710

6,769

6,836

6,753

6,694

6,661

6,600

6,512

6,624

6,532

6,345

5,888

5,651

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

176

54

56

51

46

71

50

52

55

41

16

25

34

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

32

26

29

37

33

35

39

34

28

23

25

28

24

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Student contracts receivable, net

12

13

27

9

14

8

45

7

9

9

15

7

7

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease right of use assets

459

460

461

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other assets

228

234

257

531

537

262

309

297

288

291

284

275

270

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Assets

7,619

7,559

7,668

7,382

7,325

7,038

7,046

6,905

7,006

6,897

6,686

6,224

5,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured Debt

749

787

827

872

864

853

920

990

682

664

662

680

683

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

53

88

86

67

58

88

86

66

52

53

79

62

48

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Operating lease liabilities

477

473

469

285

282

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Other liabilities

178

157

211

162

185

191

238

195

212

187

214

179

173

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities

4,249

4,116

4,130

3,756

3,635

3,307

3,299

3,089

3,399

3,266

3,060

2,601

2,430

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Temporary Equity, Carrying Amount, Including Portion Attributable to Noncontrolling Interests

17

104

157

185

186

184

184

131

126

132

112

55

55

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-26

-16

-18

-18

-10

-4

-1

-2

-2

-2

-3

-3

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General partner - 12,222 OP units outstanding at both March 31, 2020 and December 31, 2019

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited partner - 137,592,225 and 137,392,530 OP units outstanding at March 31, 2020 and December 31, 2019, respectively

3,336

3,311

3,348

3,398

3,449

3,485

3,499

3,616

3,458

3,487

3,503

3,557

3,491

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive loss

-26

-16

-18

-18

-10

-4

-1

-2

-2

-2

-3

-3

-3

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total partners’ capital

3,309

3,294

3,330

3,379

3,438

3,481

3,497

3,614

3,456

3,484

3,500

3,554

3,487

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests - partially owned properties

42

43

50

-

-

65

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Partners' Capital, Including Portion Attributable to Noncontrolling Interest

3,352

3,338

3,380

3,440

3,503

3,546

3,562

3,684

3,480

3,498

3,513

3,567

3,501

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity / capital

7,619

7,559

7,668

7,382

7,325

7,038

7,046

6,905

7,006

6,897

6,686

6,224

5,987

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Owned properties
Real Estate Investment Property, Net

6,636

6,694

6,759

6,676

6,606

6,583

6,521

6,432

6,543

6,450

6,262

5,805

5,541

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Owned property held for sale
Investments in real estate, net

-

-

-

-

9

-

-

-

-

-

0

0

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

On Campus Participating Properties [Member]
Real Estate Investment Property, Net

73

75

76

77

78

77

78

79

81

81

83

82

84

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Wholly Owned Properties [Member]
Secured mortgage, construction and bond debt, net

-

-

-

-

-

-

-

-

-

-

541

575

579

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured notes, net
Unsecured debt

1,981

1,985

1,984

1,983

1,589

1,588

1,587

-

-

1,585

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured term loans, net
Unsecured debt

199

199

199

198

198

198

198

-

-

647

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured revolving credit facility
Unsecured debt

609

425

352

185

457

387

266

-

-

127

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

AMERICAN CAMPUS COMMUNITIES OPERATING PARTNERSHIP, L.P.
Unsecured Notes

-

-

-

-

-

-

-

1,587

1,586

-

1,190

1,189

1,189

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured term loans, net

-

-

-

-

-

-

-

198

647

-

646

347

149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured revolving credit facility

-

-

-

-

-

-

-

51

218

-

266

142

186

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interests - partially owned properties
Noncontrolling interests - partially owned properties

-

-

-

60

64

-

65

69

23

13

13

13

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-