American homes 4 rent (AMH)
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'14Jun'14Mar'14Dec'13Sep'13Jun'13Dec'12
Assets
Single-family properties:
Land

1,784

1,756

1,736

1,727

1,729

1,713

1,689

1,670

1,670

1,665

1,600

1,553

1,523

1,512

1,497

1,475

1,474

1,229

1,218

1,192

1,166

1,104

847

797

728

668

580

96

Buildings and improvements

7,814

7,691

7,612

7,566

7,561

7,483

7,385

7,276

7,286

7,303

7,020

6,815

6,672

6,614

6,542

6,450

6,434

5,469

5,401

5,263

5,117

4,808

3,758

3,507

3,188

2,896

2,472

411

Single-family properties in operation

9,599

9,448

9,348

9,294

9,290

9,197

9,374

9,230

9,158

8,968

8,672

8,433

8,274

8,214

8,145

8,057

8,033

6,705

6,626

6,462

6,288

5,916

4,610

4,310

3,923

3,564

3,053

507

Less: accumulated depreciation

1,532

1,462

1,389

1,316

1,250

1,176

1,115

1,046

989

939

869

800

732

666

600

535

472

416

359

300

251

206

126

92

62

34

13

2

Single-family properties in operation, net

8,067

7,986

7,959

7,977

8,040

8,020

8,258

8,183

8,169

8,029

7,802

7,633

7,542

7,547

7,545

7,521

7,561

6,289

6,267

6,162

6,037

5,710

4,483

4,218

3,861

3,530

3,039

505

Single-family properties under development and development land

407

355

262

235

205

153

-

-

-

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Single-family properties held for sale, net

172

209

247

276

297

318

299

284

201

35

50

65

78

87

105

131

123

7

6

6

5

3

5

6

6

-

-

-

Total real estate assets, net

8,646

8,551

8,469

8,489

8,542

8,492

-

-

-

8,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

33

37

171

119

154

30

110

53

203

46

243

67

495

118

106

270

71

57

238

90

115

108

239

103

148

158

251

397

Restricted cash

128

126

126

165

158

144

156

159

156

136

119

128

135

131

131

133

132

111

106

94

86

77

46

32

26

21

13

-

Rent and other receivables

29

29

36

31

32

29

36

28

28

30

35

19

18

17

21

19

16

13

17

12

11

11

5

6

6

6

7

6

Escrow deposits, prepaid expenses and other assets

151

140

182

181

145

146

251

246

241

119

149

137

142

133

120

144

142

121

118

118

114

118

56

24

39

23

27

11

Investments in unconsolidated joint ventures

65

67

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Costs and Intangible Assets Net

-

-

7

8

10

12

13

13

13

13

13

13

10

11

15

16

26

10

70

62

65

54

30

18

20

24

21

-

Asset-backed securitization certificates

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

25

-

-

-

-

-

-

Goodwill

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

120

-

Total assets

9,201

9,100

9,140

9,142

9,191

9,001

8,971

8,830

8,958

8,608

8,509

8,146

8,490

8,107

8,086

8,252

8,097

6,751

6,965

6,686

6,576

6,227

4,982

4,524

4,224

3,885

3,482

921

Liabilities
Credit facility

-

-

-

-

-

-

-

-

-

-

-

-

-

-

75

142

438

0

0

177

45

207

481

671

375

238

670

-

Asset-backed securitizations, net

1,940

1,945

1,949

1,953

1,957

1,961

1,965

1,969

1,973

1,977

1,981

1,985

2,438

-

-

2,795

2,799

-

2,536

2,063

2,068

1,519

480

-

-

-

-

-

Unsecured senior notes, net

888

888

888

887

887

492

492

492

492

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchangeable senior notes, net

-

-

-

-

-

-

114

113

112

111

110

109

108

108

107

106

105

0

-

-

-

-

-

-

-

-

-

-

Secured note payable

-

-

-

-

-

-

0

0

48

48

49

49

49

49

50

50

50

50

50

51

51

51

-

-

-

-

-

-

Accounts payable and accrued expenses

241

243

295

301

266

219

305

282

262

222

263

222

199

177

241

215

200

154

234

158

141

149

117

112

103

91

75

11

Amounts payable to affiliates

0

4

0

4

4

4

4

4

2

4

-

-

-

0

0

0

0

4

-

1

2

0

6

6

-

1

21

5

Contingently convertible Series E units liability

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

69

68

68

70

72

74

69

66

65

64

0

Embedded Derivative, Fair Value of Embedded Derivative Liability

-

-

-

-

-

-

0

0

28

29

68

76

75

69

65

63

63

62

60

57

57

57

55

29

28

-

-

0

Total liabilities

3,176

3,081

3,132

3,147

3,215

3,027

2,982

2,961

3,117

2,732

2,671

2,734

3,219

3,169

3,233

3,373

3,657

2,815

2,950

2,577

2,436

2,057

1,216

889

573

395

831

16

Commitments and Contingencies (see Note 15)

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

0

0

0

0

-

0

0

0

0

0

0

0

Equity
Shareholders’ equity:
Preferred shares ($0.01 par value per share, 100,000,000 shares authorized, 35,350,000 shares issued and outstanding at March 31, 2020 and December 31, 2019)

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

-

-

-

Additional paid-in capital

5,792

5,790

5,788

5,784

5,739

5,732

5,750

5,630

5,565

5,600

5,517

5,075

4,919

4,568

4,464

4,462

3,997

3,554

3,566

3,619

3,618

3,618

3,160

3,004

2,996

2,809

1,965

914

Accumulated deficit

-461

-465

-473

-482

-489

-491

-493

-494

-462

-453

-417

-405

-392

-378

-368

-335

-313

-296

-265

-226

-198

-170

-107

-86

-63

-39

-32

-10

Accumulated other comprehensive income

6

6

6

7

7

7

9

9

9

0

0

0

0

0

0

0

-0

-0

-0

-0

-0

-0

-0

-

-

-

-

-

Total shareholders’ equity

5,340

5,335

5,325

5,312

5,259

5,251

5,268

5,148

5,116

5,149

5,103

4,673

4,529

4,192

4,098

4,129

3,686

3,259

3,303

3,394

3,422

3,450

3,054

2,920

2,934

2,771

1,934

904

Noncontrolling interest

684

683

681

683

715

721

720

720

724

726

734

738

741

744

754

749

753

675

712

715

717

719

711

713

715

717

716

0

Total equity

6,024

6,018

6,007

5,995

5,975

5,973

5,989

5,868

5,840

5,875

5,838

5,411

5,271

4,937

4,852

4,879

4,440

3,935

4,015

4,109

4,139

4,169

3,766

3,634

3,650

3,489

2,651

905

Total liabilities and equity/capital

9,201

9,100

9,140

9,142

9,191

9,001

8,971

8,830

8,958

8,608

8,509

8,146

8,490

8,107

8,086

8,252

8,097

6,751

6,965

6,686

6,576

6,227

4,982

4,524

4,224

3,885

3,482

921

American Homes 4 Rent, L.P.
Land

1,784

1,756

1,736

1,727

1,729

1,713

1,689

1,670

1,670

1,665

1,600

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Buildings and improvements

7,814

7,691

7,612

7,566

7,561

7,483

7,385

7,276

7,286

7,303

7,020

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Single-family properties in operation

9,599

9,448

9,348

9,294

9,290

9,197

9,374

9,230

9,158

8,968

8,672

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Less: accumulated depreciation

1,532

1,462

1,389

1,316

1,250

1,176

1,115

1,046

989

939

869

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Single-family properties in operation, net

8,067

7,986

7,959

7,977

8,040

8,020

8,258

8,183

8,169

8,029

7,802

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Single-family properties under development and development land

407

355

262

235

205

153

-

-

-

51

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Single-family properties held for sale, net

172

209

247

276

297

318

299

284

201

35

50

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total real estate assets, net

8,646

8,551

8,469

8,489

8,542

8,492

-

-

-

8,116

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Cash and cash equivalents

33

37

171

119

154

30

110

53

203

46

243

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Restricted cash

128

126

126

165

158

144

156

159

156

136

119

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Rent and other receivables

29

29

36

31

32

29

36

28

28

30

35

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Escrow deposits, prepaid expenses and other assets

151

140

182

181

145

145

248

246

241

119

149

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts due from affiliates

25

25

25

25

25

25

28

25

25

25

25

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred Costs and Intangible Assets Net

-

-

7

8

10

12

13

13

13

13

13

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Goodwill

120

120

120

120

120

120

120

120

120

120

120

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total assets

9,201

9,100

9,140

9,142

9,191

9,001

8,971

8,830

8,958

8,608

8,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Asset-backed securitizations, net

1,940

1,945

1,949

1,953

1,957

1,961

1,965

1,969

1,973

1,977

1,981

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Unsecured senior notes, net

888

888

888

887

887

492

492

492

492

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Exchangeable senior notes, net

-

-

-

-

-

-

114

113

112

111

110

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Secured note payable

-

-

-

-

-

-

0

0

48

48

49

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accounts payable and accrued expenses

241

243

295

301

266

219

305

282

262

222

263

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Amounts payable to affiliates

0

4

0

4

4

4

4

4

2

4

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Embedded Derivative, Fair Value of Embedded Derivative Liability

-

-

-

-

-

-

0

0

28

29

68

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities

3,176

3,081

3,132

3,147

3,215

3,027

2,982

2,961

3,117

2,732

2,671

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive income

7

7

8

8

8

8

9

9

9

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

General partner, capital account

-

-

-

-

5,252

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Limited partners, capital account

-

-

-

-

-

-

720

720

725

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accumulated other comprehensive income

7

7

8

8

8

8

9

9

9

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total capital

6,024

6,018

6,007

5,995

5,975

5,973

5,989

5,868

5,842

5,877

5,839

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Noncontrolling interest

-

-

-

-

-

-

0

0

-1

-1

-1

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total capital

-

-

-

-

-

-

5,989

5,868

5,840

5,875

5,838

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total liabilities and equity/capital

9,201

9,100

9,140

9,142

9,191

9,001

8,971

8,830

8,958

8,608

8,509

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Revolving Credit Facility
Credit facility

105

0

0

0

0

250

0

0

0

140

0

92

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Term loan facility, net
Revolving credit facility and Term loan facility, net

-

-

0

0

99

99

99

99

198

198

197

197

346

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class A common shares/units
Common stock issued

3

3

3

2

2

2

2

2

2

2

2

2

2

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Class B common shares
Common stock issued

0

0

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Preferred Shares/Units
Total equity

0

0

0

0

0

0

0

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-