AVALONBAY COMMUNITIES, INC. AVB Income Statement

Avalonbay communities, inc. (AVB)

Income statement / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Mar'09	Sep'08
Revenue:
Operating Lease, Lease Income
2,355	2,319	2,305	2,293	2,286	2,280	2,257	2,232	2,193	2,154	2,116	2,082	2,053	2,039	2,001	1,959	1,913	1,846	1,805	1,760	1,716	1,674	1,627	1,585	1,549	1,451	1,298	1,171	1,045	990	941	924	907	890	880	862	848	835	847	836	827	822	845	0	0	0
Management, development and other fees
4	4	4	3	3	3	3	3	3	4	4	4	5	5	6	7	8	9	10	10	10	11	11	12	12	11	10	10	9	10	10	10	9	9	9	8	7	7	7	7	7	7	7	0	0	0
Total revenue
2,360	2,324	2,309	2,297	2,289	2,284	2,261	2,235	2,197	2,158	2,121	2,087	2,059	2,045	2,007	1,967	1,922	1,856	1,815	1,771	1,727	1,685	1,638	1,597	1,561	1,462	1,309	1,181	1,055	1,000	952	934	917	900	889	871	855	842	854	843	835	829	852	0	0	0
Expenses:
Operating expenses, excluding property taxes
523	515	520	519	517	524	515	513	509	500	497	492	484	478	468	459	452	448	446	435	424	410	400	392	378	352	317	287	266	259	249	250	247	246	244	243	245	246	248	248	248	246	260	0	0	0
Property taxes
258	252	248	245	242	241	238	234	228	221	215	210	207	204	203	201	196	193	190	184	181	178	175	172	171	158	138	122	105	97	91	89	88	88	89	89	88	87	89	86	83	81	80	0	0	0
Interest expense, net
211	203	204	207	213	220	218	211	205	199	196	196	193	187	180	175	173	175	181	184	183	180	179	177	176	172	161	151	141	136	138	147	158	167	171	173	170	169	165	162	157	145	136	0	0	0
Loss on extinguishment of debt, net
-9	-0	-15	-16	-17	-17	-4	-2	-25	-25	-24	-26	0	-	0	0	-	-	0	0	-	-	0	0	-	-	0	0	-	-1	0	0	0	-	-	-	-	-	-	-	-	-25	0	0	0	-
Loss on interest rate contract
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Depreciation expense
677	661	649	640	634	631	629	617	602	584	567	553	544	531	513	502	488	477	469	461	453	442	433	481	561	560	511	414	287	243	232	231	228	226	230	227	224	220	221	216	210	204	202	0	0	0
General and administrative expense
61	58	61	63	59	60	59	56	54	53	49	49	47	45	46	45	43	42	41	42	42	41	39	37	38	39	38	37	34	34	34	31	31	29	28	29	25	26	30	29	30	28	27	0	0	0
Expensed transaction, development and other pursuit costs, net of recoveries
7	4	4	4	3	3	3	3	2	2	3	6	7	9	10	9	9	6	-1	-4	-3	-3	2	3	5	45	55	54	51	11	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-
Casualty and impairment loss, net
-	-	0	0	-	0	-6	-5	-5	6	11	11	9	-3	-3	-3	-18	-10	-10	-11	5	0	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	0	-	0
Total expenses
1,750	1,696	1,704	1,697	1,688	1,700	1,662	1,634	1,623	1,594	1,569	1,549	1,502	1,461	1,421	1,374	1,318	1,308	1,290	1,285	1,288	1,250	1,243	1,331	1,398	1,394	1,278	1,068	888	785	754	771	775	778	779	762	753	751	782	770	778	753	727	0	0	0
Income before equity in income of unconsolidated real estate entities, gain (loss) on sale of communities and other real estate, and income taxes
-	-	-	-	-	-	-	-	-	-	551	537	556	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Equity in income (loss) of unconsolidated real estate entities
10	8	3	11	12	15	12	55	55	70	80	27	53	64	55	76	63	70	74	184	178	148	148	21	12	-11	-5	-2	0	20	11	8	6	5	3	0	1	0	-2	-1	-1	1	4	0	0	0
Gain on sale of communities
175	166	408	305	389	374	225	225	164	252	249	424	411	374	294	127	96	115	130	94	155	84	60	60	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Gain on other real estate transactions, net
0	0	0	0	0	0	-10	-10	-11	-10	-0	10	10	10	10	0	9	9	10	10	0	0	0	0	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain (Loss) on Sale of Other Investments
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other Selling, General and Administrative Expense
-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on sale of land
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	-	-	-	-	-	-	-	0	-	-	0
Gain on acquisition of unconsolidated entity
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income before income taxes
796	799	1,014	916	1,002	974	826	871	782	876	881	999	1,031	1,034	947	796	773	743	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income Tax Expense (Benefit)
13	13	10	-0	-0	-0	0	0	0	0	0	0	0	0	0	0	1	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Income from continuing operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	659	604	347	176	57	26	124	181	250	223	185	162	140	127	109	103	92	74	75	59	82	129	0	0	0
Discontinued operations:
Income from discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	4	9	11	16	27	26	28	26	32	28	24	20	0	0	0	-	-	-	-	-	-	-	-	-
Gain on sale of discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	37	197	197	231	278	213	0	0	-	-	0	-	-	-	0	-	74	0	0	0	-	14	0	0	0
Gain on sale of real estate assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	-	-	-
Total discontinued operations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	38	202	207	242	294	196	196	259	173	400	396	305	301	17	15	29	82	105	138	119	71	224	0	0	0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest
783	786	1,004	916	1,003	974	826	871	782	876	881	999	1,031	1,033	946	796	771	741	728	763	763	697	806	555	418	352	223	320	441	423	624	582	468	441	145	124	132	174	179	213	179	154	354	0	0	0
Net income attributable to noncontrolling interests
0	0	0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	13	13	13	13	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-1	-0	-1	-0	-0	-1	-1	-2	0	0	0
Net income attributable to the Company
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	356	0	0	0
Dividends attributable to preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Net Income (Loss) Available to Common Stockholders, Basic
783	785	1,004	916	1,003	974	826	872	782	876	881	999	1,031	1,034	947	796	771	742	729	764	749	683	793	541	419	353	223	320	441	423	624	582	469	441	145	125	133	175	0	0	0	-	-	-	-	0
Other comprehensive income (loss):
Loss on cash flow hedges
-22	-11	-30	-16	-13	5	13	13	-2	-13	52	52	42	-5	-68	-69	-42	5	0	0	0	-	-	-	-	-	-	-	-	-22	-29	-83	-74	-85	-79	-19	-0	-0	0	0	2	1	1	0	0	0
Other Comprehensive Income (Loss), Cash Flow Hedge, Gain (Loss), Reclassification, after Tax
-7	-6	-6	-6	-5	-6	-6	-6	-7	-7	-7	-7	-6	-6	-6	-5	-5	-5	-6	-6	-6	-6	-6	-59	-59	-59	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Comprehensive income
768	780	980	906	995	985	845	892	787	870	941	1,059	1,081	1,034	884	733	735	753	735	770	756	689	799	600	479	412	283	319	410	402	594	499	394	355	66	106	132	175	180	215	182	157	356	0	0	0
Earnings Per Share, Basic [Abstract]
Income from continuing operations attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.08	1.83	1.22	0.80	0.70	-0.12	0.00	-0.12	0.54	0.85	0.61	0.57	0.29	0.49	0.41	0.36	0.18	0.32	0.35	0.25	-0.01	0.34	0.17	0.55	0.58
Discontinued operations attributable to common stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.29	1.25	0.04	0.28	0.75	0.66	0.04	1.03	0.04	3.25	0.01	0.09	-0.01	0.11	-0.03	0.26	0.64	0.41	0.38	0.05	0.05	2.42
Earnings Per Share, Basic
1.19	1.20	2.00	1.21	1.23	2.79	1.39	1.84	1.03	1.71	1.73	1.20	1.72	1.76	2.60	1.44	1.73	-	1.54	1.30	-	1.08	1.83	1.22	1.09	1.95	-0.08	0.28	0.63	1.20	0.89	1.64	0.61	3.55	0.49	0.50	0.35	0.29	0.29	0.61	0.89	0.40	0.72	0.22	0.60	3.00
Earnings Per Share, Diluted [Abstract]
Income (loss) from continuing operations attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.08	1.83	1.21	0.80	0.70	-0.12	0.00	-0.12	0.54	0.85	0.60	0.56	0.30	0.49	0.40	0.36	0.18	0.32	0.35	0.25	-0.01	0.34	0.17	0.54	0.58
Discontinued operations attributable to common stockholders (in dollars per share)
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.00	0.00	0.00	0.29	1.25	0.04	0.28	0.75	0.66	0.04	1.03	0.04	3.23	0.01	0.09	-0.01	0.11	-0.03	0.26	0.63	0.41	0.38	0.05	0.05	2.40
Earnings Per Share, Diluted
1.19	1.19	2.00	1.21	1.23	2.79	1.39	1.84	1.03	1.71	1.72	1.20	1.72	1.76	2.59	1.44	1.73	-	1.53	1.29	-	1.08	1.83	1.21	1.09	1.95	-0.08	0.28	0.63	1.20	0.89	1.63	0.60	3.54	0.49	0.49	0.35	0.29	0.29	0.61	0.88	0.40	0.72	0.22	0.59	2.98
Dividends per common share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	1.42	1.42	1.42	-	1.35	1.35	1.35	-	1.25	1.25	1.25	-	1.16	1.16	1.16	-	1.07	1.07	1.07	-	0.97	0.97	0.97	-	0.89	0.89	0.89	-	0.89	0.89	0.89	-	0.89	0.89	0.89	0.89