Equity lifestyle properties, inc. (ELS)
Balance Sheet / Quarterly
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
Investment in real estate:
Land

1,526

1,525

1,516

1,418

1,412

1,408

1,342

1,284

1,249

1,221

1,167

1,167

1,163

1,163

1,155

1,142

1,105

1,101

1,101

1,100

1,095

1,091

1,068

1,065

1,065

1,025

1,023

984

1,019

984

1,016

1,018

1,018

1,018

894

544

544

544

544

544

544

Land improvements

3,362

3,336

3,291

3,236

3,184

3,143

3,114

3,072

3,077

3,045

2,940

2,922

2,903

2,893

2,863

2,867

2,796

2,787

2,773

2,763

2,745

2,734

2,706

2,692

2,685

2,667

2,654

2,573

2,626

2,565

2,601

2,600

2,594

2,591

2,371

1,766

1,762

1,762

1,755

1,752

1,744

Buildings and other depreciable property

892

881

869

781

747

720

708

692

658

649

647

641

635

627

622

608

597

588

584

576

569

562

551

549

545

535

530

515

540

495

508

492

480

470

421

298

288

278

269

260

249

Investment in real estate

5,781

5,743

5,677

5,436

5,343

5,273

5,166

5,049

4,985

4,915

4,755

4,731

4,702

4,685

4,641

4,617

4,500

4,477

4,459

4,440

4,410

4,387

4,326

4,307

4,296

4,228

4,208

4,073

4,186

4,044

4,126

4,110

4,093

4,080

3,687

2,609

2,595

2,584

2,569

2,556

2,538

Accumulated depreciation

1,812

1,776

1,739

1,704

1,668

1,631

1,613

1,580

1,547

1,516

1,488

1,459

1,429

1,399

1,368

1,339

1,310

1,282

1,254

1,226

1,197

1,169

1,143

1,116

1,087

1,058

1,031

1,004

990

948

937

903

858

813

771

737

718

700

682

664

629

Net investment in real estate

3,968

3,966

3,938

3,732

3,675

3,641

3,553

3,469

3,438

3,399

3,266

3,271

3,272

3,285

3,272

3,278

3,189

3,195

3,205

3,214

3,212

3,218

3,182

3,191

3,208

3,169

3,177

3,068

3,196

3,096

3,189

3,207

3,234

3,266

2,916

1,871

1,876

1,884

1,886

1,892

1,908

Cash and restricted cash

96

28

42

90

144

68

112

46

73

35

77

67

73

56

68

74

97

80

89

84

102

73

109

84

56

58

51

177

81

37

-

-

-

70

-

-

-

-

-

-

-

Cash and cash equivalents

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

147

134

102

70

212

85

43

12

81

151

145

Short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

49

52

-

-

0

Acquisition escrow deposit

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

300

-

-

-

-

-

Financing Receivable, after Allowance for Credit Loss

35

37

37

36

34

35

35

34

34

49

49

48

34

34

34

33

34

35

36

35

36

37

38

38

38

42

43

43

50

45

56

56

59

64

58

28

24

25

25

26

29

Investment in unconsolidated joint ventures

20

20

20

55

58

57

57

57

57

53

52

21

19

19

19

23

22

17

17

17

17

13

15

14

14

11

9

9

8

8

8

8

8

8

8

8

8

8

8

9

9

Deferred commission expense

41

41

40

40

40

40

40

39

39

31

31

31

31

31

31

31

30

30

30

29

28

28

27

26

25

25

24

23

23

22

21

20

19

19

18

17

15

14

13

12

9

Rent and other customer receivables, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

1

-

1

0

0

1

0

0

0

0

0

0

0

Deferred financing costs, net

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

24

24

25

21

22

19

18

19

19

19

19

20

21

21

21

23

20

13

10

10

11

11

11

Retail Related Inventory, Merchandise

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

1

-

-

-

-

-

-

-

-

-

-

-

-

Inventory

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

2

3

2

2

3

2

3

3

3

2

2

Other assets, net

50

56

58

59

55

46

55

52

45

41

47

44

40

51

44

43

40

40

40

39

44

53

55

55

47

64

70

55

44

47

48

45

40

40

54

41

35

35

42

45

49

Assets held for sale, net

-

-

0

0

0

35

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Total Assets

4,212

4,151

4,137

4,014

4,008

3,925

3,855

3,700

3,690

3,610

3,525

3,485

3,471

3,478

3,470

3,485

3,415

3,400

3,443

3,447

3,468

3,446

3,451

3,430

3,410

3,392

3,397

3,521

3,426

3,398

3,497

3,498

3,492

3,496

3,292

2,368

2,066

2,048

2,073

2,152

2,166

Assets of Disposal Group, Including Discontinued Operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

120

-

119

-

-

-

-

-

-

-

-

-

-

-

Liabilities and Equity
Liabilities:
Mortgage notes payable, net

2,260

2,049

2,062

2,075

2,147

2,149

2,016

2,028

2,040

1,971

1,981

1,855

1,859

1,891

1,892

1,915

1,907

1,926

1,956

1,966

2,011

2,012

2,005

1,984

1,976

1,992

1,994

2,122

2,051

2,061

2,084

2,088

2,075

2,084

1,893

1,357

1,407

1,412

1,425

1,503

1,547

Unsecured Debt

199

198

198

198

198

198

198

198

198

198

199

199

199

199

199

199

199

199

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

200

-

-

-

-

-

-

Unsecured line of credit

0

160

-

-

-

0

80

0

0

30

-

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

0

0

0

Accounts payable and other liabilities

124

124

144

127

120

102

102

90

85

80

106

93

85

89

94

79

79

76

96

86

76

64

85

77

72

65

79

71

63

63

76

67

63

62

76

61

55

52

70

69

58

Deferred revenue

-

-

-

-

-

116

-

-

-

85

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Accrued interest payable

8

8

8

8

8

8

8

8

8

8

7

8

8

8

8

8

8

8

8

8

8

9

8

9

9

9

9

10

10

10

10

10

10

10

9

6

7

7

7

7

8

Rents and other customer payments received in advance and security deposits

91

91

88

104

86

81

80

94

80

79

73

88

77

76

70

84

74

74

69

79

69

67

60

68

62

59

53

60

56

54

51

59

54

54

47

52

48

47

40

46

44

Distributions payable

65

58

58

58

58

52

52

52

52

46

45

45

45

39

39

39

39

34

34

34

34

29

29

29

29

22

22

25

22

0

20

19

19

16

16

15

13

10

10

10

10

Liabilities related to assets held for sale

-

-

0

0

0

12

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Liabilities of Disposal Group, Including Discontinued Operation

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

10

-

10

-

-

-

-

-

-

-

-

-

-

-

Total Liabilities

2,891

2,829

2,817

2,707

2,751

2,732

2,664

2,598

2,588

2,509

2,510

2,385

2,371

2,397

2,395

2,419

2,399

2,407

2,454

2,465

2,489

2,467

2,474

2,455

2,435

2,429

2,437

2,582

2,485

2,473

2,516

2,519

2,498

2,496

2,308

1,560

1,597

1,588

1,609

1,693

1,711

Stockholders' Equity:
Non-controlling interests-Perpetual Preferred OP Units

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

200

200

200

200

Preferred stock, $0.01 par value, 10,000,000 shares authorized as of March 31, 2020 and December 31, 2019; none issued and outstanding.

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

0

0

0

0

0

0

0

0

-

-

-

0

0

0

0

Common stock, $0.01 par value, 400,000,000 shares authorized as of March 31, 2020 and December 31, 2019; 182,144,559 and 182,089,595 shares issued and outstanding as of March 31, 2020 and December 31, 2019, respectively.

1

1

1

0

0

1

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

0

0

0

0

0

0

0

0

0

Paid-in capital

1,402

1,402

1,399

1,397

1,332

1,328

1,325

1,248

1,245

1,242

1,164

1,121

1,117

1,103

1,096

1,094

1,046

1,039

1,039

1,037

1,035

1,029

1,028

1,025

1,020

1,021

1,021

1,014

1,014

1,012

1,010

1,005

1,002

998

892

780

465

463

462

459

456

Distributions in excess of accumulated earnings

153

154

153

162

152

211

-

218

215

211

213

219

216

231

231

236

235

250

253

258

258

254

-256

-254

-253

264

-267

276

273

-287

293

291

275

270

254

236

229

237

233

235

238

Accumulated other comprehensive income (loss)

-1

-0

-0

-0

1

2

3

3

2

0

0

0

-0

-0

-0

-1

-1

-0

-1

-1

-1

-0

0

0

-0

-0

-1

-1

-2

-2

-3

-2

-2

-2

-2

-0

-

-

-

-

-

Total Stockholders’ Equity

1,248

1,249

1,247

1,236

1,181

1,121

1,118

1,034

1,033

1,031

951

1,038

1,037

1,008

1,001

993

945

925

921

914

912

911

909

907

904

893

889

872

875

859

913

911

724

726

635

543

236

227

229

224

218

Non-controlling interests – Common OP Units

71

72

72

71

75

71

71

67

67

68

63

60

61

73

73

72

69

67

67

66

66

67

66

67

70

69

69

66

66

65

67

67

69

72

64

63

33

33

34

35

35

Total Equity

1,320

1,321

1,319

1,307

1,257

1,193

1,190

1,101

1,101

1,100

1,015

1,099

1,099

1,081

1,074

1,065

1,015

992

989

981

979

979

976

975

974

963

959

939

941

924

980

979

794

799

700

607

269

260

264

259

254

Total Liabilities and Equity

4,212

4,151

4,137

4,014

4,008

3,925

3,855

3,700

3,690

3,610

3,525

3,485

3,471

3,478

3,470

3,485

3,415

3,400

3,443

3,447

3,468

3,446

3,451

3,430

3,410

3,392

3,397

3,521

3,426

3,398

3,497

3,498

3,492

3,496

3,292

2,368

2,066

2,048

2,073

2,152

2,166

Commitments and contingencies:

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

-

0

0

-

0

-

-

-

8.034% Series A Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value, 8,000,000 shares authorized, issued and outstanding as of December 31, 2011, at liquidation value

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

200

200

-

200

200

-

-

-

-

Deferred revenue – upfront payments from membership upgrade sales
Deferred revenue

129

126

124

121

118

116

115

112

110

85

85

83

82

81

80

79

78

78

78

76

74

74

72

70

69

68

67

65

64

62

60

58

56

56

53

50

46

44

41

37

29

Deferred revenue – annual membership subscriptions
Deferred revenue

12

10

11

13

13

10

11

12

13

9

10

12

13

9

10

13

13

9

10

13

13

9

10

14

15

11

11

14

16

11

12

16

17

11

12

16

18

12

13

17

12

6.75% Series C Cumulative Redeemable Perpetual Preferred Stock
Preferred stock value

-

-

-

-

-

-

-

-

-

-

0

136

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest

-

-

-

-

-

-

-

-

-

-

0

136

136

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-