APARTMENT INVESTMENT & MANAGEMENT CO AIV Income Statement

Apartment investment & management co (AIV)

Income statement / 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
REVENUES
Tax credit and transaction revenues
-	-	-	21,323	24,356	31,532	34,822	41,769	38,661	35,630	49,852	98,830
Rental and other property revenues
914,294	972,410	1,005,437	995,854	981,310	984,363	974,053	958,511	914,355	958,540	1,047,702	1,128,099
OPERATING EXPENSES
Investment management expenses
-	-	-	-	-	7,310	4,341	12,008	10,459	14,477	15,780	24,784
Depreciation and amortization
380,171	377,786	366,184	333,066	306,301	282,608	291,910	325,173	323,233	363,261	402,035	361,661
General and administrative expenses
47,037	46,268	43,657	46,784	46,310	44,092	45,670	49,602	50,906	53,374	56,643	80,376
Other expenses, net
19,092	3,778	11,148	14,295	10,368	14,349	7,403	12,130	18,302	9,267	14,191	21,674
Provision for real estate impairment loss
0	0	35,881	0	0	-	0	6,235	0	65	760	91,138
Restructuring costs
-	-	-	-	-	-	-	-	-	-	11,241	22,802
Net (loss) income attributable to Aimco common stockholders
-	-	-	-	-	-	-	-	-	-	-	3.96
Income from discontinued operations attributable to Aimco common stockholders
-	-	-	-	-	-	-	-	-	-	-	6.05
Loss from continuing operations attributable to Aimco common stockholders
-	-	-	-	-	-	-	-	-	-	-	-2.09
Total operating expenses
757,521	756,654	811,454	749,058	725,095	722,013	725,034	779,495	779,064	855,957	965,300	1,096,498
Operating income
-	-	-	-	256,215	262,350	249,019	179,016	135,291	102,583	82,402	31,601
Interest income
11,424	10,914	8,332	7,797	6,949	6,878	17,943	13,265	9,655	9,769	8,421	19,518
Recovery of losses on notes receivable, net
-	-	-	-	-	-	-	-	509	949	21,549	17,577
Interest expense
168,807	200,634	194,615	196,389	199,685	220,971	237,048	229,373	272,315	276,538	297,425	300,905
(Loss) gain on dispositions of real estate
503,168	677,463	300,849	400,156	-	-	-	-	-	-	-	-
Mezzanine / Unconsolidated partnerships investment income, net
1,531	0	0	6,071	387	-829	2,723	17,478	-17,721	-23,112	-11,401	-4,736
Loss before income taxes and discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-174,696
Gain on dispositions of unconsolidated real estate and other, net
-	-	-	-	-	-	-	-	2,403	10,631	21,574	97,403
Income before income tax benefit (expense)
504,892	703,576	316,243	464,431	63,866	47,428	32,637	-19,614	-142,178	-177,616	-217,978	-
Income tax benefit (expense)
-3,135	-13,027	-30,836	-18,842	-27,524	-20,047	-1,959	-858	-5,941	-16,839	-20,473	-56,953
Income before gain (loss) on dispositions
-	-	-	-	91,390	67,475	34,596	-18,756	-136,237	-160,777	-197,505	-117,743
Income from discontinued operations, net of tax (Note 12)
-	-	-	-	-	-	203,229	214,117	78,073	71,153	152,705	744,745
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes
-	-	-	-	180,593	288,636	0	0	-	-	-	-
Net income
508,027	716,603	347,079	483,273	271,983	356,111	237,825	195,361	-58,164	-89,624	-44,800	627,002
Noncontrolling interests:
Net income attributable to noncontrolling interests in consolidated real estate partnerships
187	8,220	9,084	25,256	4,776	24,595	12,473	51,218	-257	-13,301	22,541	155,727
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership
7,708	7,739	7,764	7,239	6,943	6,497	6,423	6,496	6,683	4,964	6,288	7,646
Net income attributable to common noncontrolling interests in Aimco Operating Partnership
26,049	34,417	14,457	20,368	11,554	15,770	11,639	5,191	-7,503	-9,559	-9,355	51,622
Net income attributable to noncontrolling interests
33,944	50,376	31,305	52,863	23,273	46,862	30,535	62,905	-1,077	-17,896	19,474	214,995
Net income attributable to the company
474,083	666,227	315,774	430,410	248,710	309,249	207,290	132,456	-57,087	-71,728	-64,274	412,007
Net income attributable to the company's preferred equity holders
7,335	8,593	8,594	11,994	11,794	7,947	2,804	49,888	45,852	53,590	50,566	53,708
Net income attributable to participating securities
604	1,037	319	635	950	1,082	813	422	222	0	-	-6,985
Net income attributable to the company's common equity holders
466,144	656,597	306,861	417,781	235,966	300,220	203,673	82,146	-103,161	-125,318	-114,840	351,314
Income from continuing operations
-	-	-	-	-	-	0.29	-0.60	-1.22	-1.48	-1.74	-
Income from discontinued operations
-	-	-	-	-	-	1.11	1.21	0.36	0.40	0.74	-
Net income attributable to Aimco per common share – basic and diluted
-	-	-	-	-	-	1.40	0.61	-0.86	-1.08	-1.00	-
Net income attributable to Aimco per common share – basic
3.16	4.34	2.02	2.68	1.52	2.06	-	-	-	-	-	-
Net income attributable to Aimco per common share – diluted
3.15	4.34	2.02	2.67	1.52	2.06	-	-	-	-	-	-
Weighted average common shares/units outstanding - basic
147,718	151,152	151,595	156,001	155,177	145,639	145,291	134,479	119,312	-	-	-
Weighted average common shares/units outstanding - diluted
147,944	151,334	152,060	156,391	155,570	146,002	145,532	134,479	119,312	-	-	-
Weighted Average Number of Shares Outstanding, Basic and Diluted
-	-	-	-	-	-	-	-	-	116,369	114,301	88,690
Real Estate [Member]
Total revenues
914,294	922,593	918,148	-	-	-	-	-	-	-	-	-
Property operating expenses
311,221	307,901	319,126	-	-	-	-	-	-	-	-	-
Asset Management Business [Member]
Total revenues
0	49,817	87,289	-	-	-	-	-	-	-	-	-
Property operating expenses
0	20,921	35,458	-	-	-	-	-	-	-	-	-
Aimco Real Estate
Operating Leases Income Statement Lease Revenue And Other Real Estate Revenue
-	-	-	899,891	883,020	952,831	939,231	916,742	875,694	922,910	997,850	1,029,269
Direct Costs of Leased and Rented Property or Equipment
-	-	-	317,957	324,579	373,654	375,710	374,347	376,164	415,513	464,650	494,063
Asset Management [Member]
Operating Leases Income Statement Lease Revenue And Other Real Estate Revenue
-	-	-	74,640	73,934	-	-	-	-	-	-	-
Direct Costs of Leased and Rented Property or Equipment
-	-	-	36,956	37,537	-	-	-	-	-	-	-
AIMCO Properties, LP [Member]
Tax credit and transaction revenues
-	-	-	21,323	24,356	-	-	-	-	-	-	-
Rental and other property revenues
914,294	972,410	1,005,437	995,854	981,310	-	-	-	-	-	-	-
Depreciation and amortization
380,171	377,786	366,184	333,066	306,301	-	-	-	-	-	-	-
General and administrative expenses
47,037	46,268	43,657	46,784	46,310	-	-	-	-	-	-	-
Other expenses, net
19,092	3,778	11,148	14,295	10,368	-	-	-	-	-	-	-
Provision for real estate impairment loss
0	0	35,881	0	0	-	-	-	-	-	-	-
Total operating expenses
757,521	756,654	811,454	749,058	725,095	-	-	-	-	-	-	-
Operating income
-	-	-	-	256,215	-	-	-	-	-	-	-
Interest income
11,424	10,914	8,332	7,797	6,949	-	-	-	-	-	-	-
Interest expense
168,807	200,634	194,615	196,389	199,685	-	-	-	-	-	-	-
(Loss) gain on dispositions of real estate
503,168	677,463	300,849	400,156	-	-	-	-	-	-	-	-
Mezzanine / Unconsolidated partnerships investment income, net
1,531	0	0	-	-	-	-	-	-	-	-	-
Other, net
-	-	-	6,071	387	-	-	-	-	-	-	-
Income before income tax benefit (expense)
504,892	703,576	316,243	464,431	63,866	-	-	-	-	-	-	-
Income tax benefit (expense)
-3,135	-13,027	-30,836	-18,842	-27,524	-	-	-	-	-	-	-
Income before gain (loss) on dispositions
-	-	-	-	91,390	-	-	-	-	-	-	-
Gain (Loss) on Sale of Properties, Net of Applicable Income Taxes
-	-	-	-	180,593	-	-	-	-	-	-	-
Net income
508,027	716,603	347,079	483,273	271,983	-	-	-	-	-	-	-
Net income attributable to noncontrolling interests in consolidated real estate partnerships
187	8,220	9,084	-	-	-	-	-	-	-	-	-
Net loss (income) attributable to noncontrolling interests in consolidated real estate partnerships
-	-	-	25,256	4,776	-	-	-	-	-	-	-
Net income attributable to the company
507,840	708,383	337,995	458,017	267,207	-	-	-	-	-	-	-
Net income attributable to the company's preferred equity holders
15,043	16,332	16,358	19,233	18,737	-	-	-	-	-	-	-
Net income attributable to participating securities
620	1,177	337	635	950	-	-	-	-	-	-	-
Net income attributable to the company's common equity holders
492,177	690,874	321,300	438,149	247,520	-	-	-	-	-	-	-
Net income attributable to Aimco per common share – basic
3.16	4.35	2.02	2.68	1.52	-	-	-	-	-	-	-
Net income attributable to Aimco per common share – diluted
3.15	4.34	2.02	2.67	1.52	-	-	-	-	-	-	-
Weighted average common shares/units outstanding - basic
155,882	158,890	158,793	163,761	162,834	-	-	-	-	-	-	-
Weighted average common shares/units outstanding - diluted
156,217	159,073	159,257	164,151	163,227	-	-	-	-	-	-	-
Unconsolidated Real Estate Partnerships [Member]
Mezzanine / Unconsolidated partnerships investment income, net
803	77	7,694	-	-	-	-	-	-	-	-	-