CAMDEN PROPERTY TRUST CPT Income Statement

Camden property trust (CPT)

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
Property revenues
Property revenues
1,028,461	954,505	900,896	750,597	721,816	686,642	683,362	602,004	516,182	488,895	519,637	537,781
Property operating and maintenance
235,589	220,732	217,817	206,780	202,105	194,574	199,650	185,720	166,866	163,628	168,773	165,681
Real estate taxes
130,758	122,847	110,925	104,575	98,895	91,126	86,041	70,710	63,346	63,150	68,826	68,913
Total property expenses
366,347	343,579	328,742	311,355	301,000	285,700	285,691	256,430	230,212	226,778	237,599	234,594
Non-property income
Fee and asset management
8,696	7,231	8,176	876,447	835,618	790,263	788,851	698,318	599,401	568,072	602,648	612,408
Interest and other income
3,090	2,101	3,011	2,202	597	842	1,217	-710	4,649	8,584	2,826	-4,736
Income/(loss) on deferred compensation plans
21,694	-6,535	16,608	5,511	-264	3,937	8,290	4,772	6,773	11,581	14,609	-33,443
Total non-property income (loss)
33,480	2,797	27,795	14,577	7,332	14,611	21,197	16,407	21,395	28,337	25,443	-19,540
Other expenses
Property management
25,290	25,581	25,773	-	-	-	-	-	-	-	-	-
Fee and asset management
5,759	4,451	3,903	-	-	-	-	-	-	-	-	-
General and administrative
53,201	50,735	50,587	47,415	46,233	51,005	40,586	37,528	35,456	30,762	31,243	31,586
Interest
80,706	84,263	86,750	93,145	97,312	94,906	99,784	104,246	112,414	125,893	128,296	132,399
Depreciation and amortization
336,274	300,946	263,974	250,146	240,944	222,055	216,288	194,673	165,486	161,760	168,845	168,488
Amortization of deferred financing costs
-	-	-	-	-	-	-	3,608	5,877	4,102	3,925	2,958
Expense/(benefit) on deferred compensation plans
21,694	-6,535	16,608	5,511	-264	3,937	8,290	4,772	6,773	11,581	14,609	-33,443
Total other expenses
522,924	459,441	447,595	425,190	412,022	399,314	392,478	373,254	352,627	358,921	370,660	327,952
Gain (Loss) on Extinguishment of Debt
-11,995	0	-323	0	0	-	-	-	-	-	-2,550	13,566
Gain on sale of operating properties
49,900	0	43,200	295,397	104,288	159,289	698	0	4,748	236	-	2,929
Gain on acquisition of controlling interest in joint ventures
-	-	-	-	-	-	-	57,418	0	0	-	-
Impairment associated with land holdings
-	-	-	-	-	1,152	0	0	-	-	-	-
Gain on sale of unconsolidated joint venture interests
-	-	-	-	-	-	-	-	1,136	0	-	-
Loss on discontinuation of hedging relationship
-	-	-	-	-	-	-	-	29,791	0	-	-
Impairment associated with land development activities
-	-	-	-	-	-	-	-	-	-	85,614	51,323
Impairment provision on a technology investment
-	-	-	-	-	-	-	-	-	1,000	-	0
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions
14,800	7,836	6,800	7,125	6,168	7,023	24,865	20,175	5,679	-839	695	-1,265
Income from continuing operations before income taxes
225,359	162,118	202,084	457,001	240,384	285,020	157,442	162,634	19,729	9,107	-67,637	-5,771
Income tax expense
1,100	1,400	1,200	1,617	1,872	1,903	1,826	1,208	2,220	1,581	967	843
Income from continuing operations
-	-	-	455,384	238,512	283,117	155,616	161,426	17,509	7,526	-68,604	-6,614
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax
-	-	-	7,605	19,750	18,197	8,515	17,406	17,831	14,002	7,514	8,441
Gain on sale of discontinued operations, net of tax
-	-	-	375,200	0	0	182,160	115,068	24,621	9,614	16,887	80,198
Net income
224,270	160,694	200,860	838,226	258,262	301,314	346,291	293,900	59,961	31,142	-44,203	82,025
Less income allocated to non-controlling interests
4,647	4,566	4,438	18,403	8,947	9,225	4,022	4,459	3,126	821	-403	4,052
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations
-	-	-	-	-	-	5,905	3,200	456	105	-	-
Less income allocated to perpetual preferred units
-	-	-	-	-	-	-	776	7,000	7,000	7,000	7,000
Less write off of original issuance costs of redeemed perpetual preferred units
-	-	-	-	-	-	-	2,075	0	0	-	-
Net income attributable to common shareholders
219,623	156,128	196,422	819,823	249,315	292,089	336,364	283,390	49,379	23,216	-50,800	70,973
Earnings per share - basic
Income (Loss) from Continuing Operations, Per Basic Share
-	-	-	4.81	2.55	3.08	1.70	1.81	0.09	-0.01	-1.19	-0.32
Earnings per common share from discontinued operations
-	-	-	4.27	0.22	0.21	2.12	1.54	0.58	0.34	0.39	1.60
Earnings per share – basic
2.23	1.63	2.14	9.08	2.77	3.29	3.82	3.35	0.67	0.33	-0.80	1.28
Earnings per share - diluted
Income (Loss) from Continuing Operations, Per Diluted Share
-	-	-	4.79	2.54	3.06	1.69	1.79	0.09	-0.01	-1.19	-0.32
Earnings per common share from discontinued operations
-	-	-	4.26	0.22	0.21	2.09	1.51	0.57	0.34	0.39	1.60
Earnings per share – diluted
2.22	1.63	2.13	9.05	2.76	3.27	3.78	3.30	0.66	0.33	-0.80	1.28
Weighted average number of common shares outstanding – basic
98,460	95,208	91,499	89,580	89,120	88,084	87,204	83,772	72,756	68,608	62,359	55,272
Weighted average number of common shares outstanding – diluted
99,384	95,366	92,515	89,903	89,490	88,468	88,494	85,556	73,462	68,608	62,359	55,272
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent
-	-	-	436,981	229,565	273,892	151,594	154,116	7,383	-295	-75,201	-17,666
Income from discontinued operations, including gain on sale
-	-	-	-	-	-	190,675	132,474	42,452	23,616	24,401	88,639
Less income, including gain on sale, allocated to non-controlling interests from discontinued operations
-	-	-	-	-	-	5,905	3,200	456	105	-	-
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent
-	-	-	382,842	19,750	18,197	184,770	129,274	41,996	23,511	-	-
Income from discontinued operations attributable to common shareholders
-	-	-	-	-	-	-	-	-	-	-	88,639
Net Income (Loss) Attributable to Parent
219,623	156,128	196,422	819,823	249,315	292,089	336,364	283,390	49,379	23,216	-50,800	70,973
Condensed Consolidated Statements of Comprehensive Income
Net income
224,270	160,694	200,860	838,226	258,262	301,314	346,291	293,900	59,961	31,142	-44,203	82,025
Other comprehensive income
Unrealized (loss) on cash flow hedging activities
-12,998	6,782	1,690	0	0	-417	0	0	-2,692	-19,059	-12,291	-44,386
Reclassification of net losses on cash flow hedging activities
-	-	-	-	-	-	-	-	-39,657	23,385	-22,192	9,317
Unrealized gain on available-for-sale securities, net of tax
-	-	-	-	-	-	-	-	-	3,306	-	0
Reclassification of gain on available-for-sale investment to earnings, net of tax
-	-	-	-	-	-	-	-	-3,306	0	-	-
Unrealized gain (loss) and unamortized prior service cost on post retirement obligation
449	-450	20	80	-357	970	99	409	884	-65	-	136
Reclassification of net loss (gain) on cash flow hedging activities, prior service cost and net loss on post retirement obligation
-11	-246	136	130	149	74	54	30	0	0	-	-
Comprehensive income
210,812	167,680	202,666	838,276	258,768	300,001	346,246	293,521	92,736	38,839	-34,302	47,092
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest
-	-	-	455,384	238,512	283,117	155,616	161,426	17,509	7,526	-68,604	-6,614
Less income allocated to non-controlling interests
4,647	4,566	4,438	18,403	8,947	9,225	4,022	4,459	3,126	821	-403	-
Comprehensive income attributable to common shareholders
206,165	163,114	198,228	819,873	249,821	290,776	336,319	283,011	82,154	30,913	-40,899	36,040
Property management
Expenses
-	-	-	25,125	23,055	22,070	21,774	21,796	20,686	19,982	18,864	19,910
Fee and asset management expense
Expenses
-	-	-	3,848	4,742	5,341	5,756	6,631	5,935	4,841	4,878	6,054
Other property revenues
Revenue from Contract with Customer, Excluding Assessed Tax
-	-	-	125,850	113,802	103,621	105,489	96,314	83,219	79,177	83,011	74,627
Fee and asset management income
Revenues
-	-	-	6,864	6,999	9,832	11,690	12,345	9,973	8,172	8,008	9,167