2013 Q2 Form 10-Q Financial Statement

#000092286413000034 Filed on August 02, 2013

View on sec.gov

Income Statement

Concept 2013 Q2 2012 Q2
Revenue $241.7M $236.1M
YoY Change 2.4% -2.79%
Cost Of Revenue $94.30M $93.50M
YoY Change 0.86% -4.2%
Gross Profit $147.4M $145.7M
YoY Change 1.17% 2.39%
Gross Profit Margin 60.97% 61.72%
Selling, General & Admin $12.90M $16.80M
YoY Change -23.21% 15.07%
% of Gross Profit 8.75% 11.53%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $69.20M $87.20M
YoY Change -20.64% 2.71%
% of Gross Profit 46.95% 59.85%
Operating Expenses $183.0M $190.3M
YoY Change -3.84% -4.8%
Operating Profit $58.71M $45.74M
YoY Change 28.35% 6.53%
Interest Expense $57.73M $60.32M
YoY Change -4.3% -35.08%
% of Operating Profit 98.33% 131.87%
Other Income/Expense, Net -$987.0K $4.300M
YoY Change -122.95% 437.5%
Pretax Income $2.646M -$7.715M
YoY Change -134.3% -83.01%
Income Tax $169.0K -$234.0K
% Of Pretax Income 6.39%
Net Earnings $10.95M $22.80M
YoY Change -51.98% -197.22%
Net Earnings / Revenue 4.53% 9.66%
Basic Earnings Per Share $0.07
Diluted Earnings Per Share $0.07 $150.9K
COMMON SHARES
Basic Shares Outstanding 145.3M shares 127.4M shares
Diluted Shares Outstanding 145.7M shares 127.4M shares

Balance Sheet

Concept 2013 Q2 2012 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $47.00M $313.0M
YoY Change -84.98% 268.24%
Cash & Equivalents $46.92M $313.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $0.00 $9.000M
Prepaid Expenses
Receivables $30.00M $36.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $77.00M $358.0M
YoY Change -78.49% 173.28%
LONG-TERM ASSETS
Property, Plant & Equipment $5.541B $5.945B
YoY Change -6.8% -5.08%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $34.00M
YoY Change -70.94%
Other Assets $123.0M $169.0M
YoY Change -27.22% -58.06%
Total Long-Term Assets $6.394B $6.589B
YoY Change -2.97% -6.32%
TOTAL ASSETS
Total Short-Term Assets $77.00M $358.0M
Total Long-Term Assets $6.394B $6.589B
Total Assets $6.471B $6.947B
YoY Change -6.86% -3.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $33.00M $27.00M
YoY Change 22.22% 3.85%
Accrued Expenses $334.0M $238.0M
YoY Change 40.34% 4.39%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $367.0M $265.0M
YoY Change 38.49% -8.3%
LONG-TERM LIABILITIES
Long-Term Debt $4.844B $5.090B
YoY Change -4.83% -5.21%
Other Long-Term Liabilities $116.0M $142.0M
YoY Change -18.31% -16.96%
Total Long-Term Liabilities $4.960B $5.232B
YoY Change -5.2% -5.58%
TOTAL LIABILITIES
Total Short-Term Liabilities $367.0M $265.0M
Total Long-Term Liabilities $4.960B $5.232B
Total Liabilities $5.328B $5.497B
YoY Change -3.09% -10.99%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.459M $1.442M
YoY Change 1.18%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $851.4M $1.148B
YoY Change
Total Liabilities & Shareholders Equity $6.471B $6.947B
YoY Change -6.86% -3.04%

Cashflow Statement

Concept 2013 Q2 2012 Q2
OPERATING ACTIVITIES
Net Income $10.95M $22.80M
YoY Change -51.98% -197.22%
Depreciation, Depletion And Amortization $69.20M $87.20M
YoY Change -20.64% 2.71%
Cash From Operating Activities $124.1M $103.5M
YoY Change 19.9% 53.33%
INVESTING ACTIVITIES
Capital Expenditures -$118.9M -$103.0M
YoY Change 15.44% 81.66%
Acquisitions
YoY Change
Other Investing Activities -$74.20M $80.70M
YoY Change -191.95% 234.85%
Cash From Investing Activities -$193.2M -$22.30M
YoY Change 766.37% -31.38%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 66.50M 148.5M
YoY Change -55.22% -577.49%
NET CHANGE
Cash From Operating Activities 124.1M 103.5M
Cash From Investing Activities -193.2M -22.30M
Cash From Financing Activities 66.50M 148.5M
Net Change In Cash -2.600M 229.7M
YoY Change -101.13% 5789.74%
FREE CASH FLOW
Cash From Operating Activities $124.1M $103.5M
Capital Expenditures -$118.9M -$103.0M
Free Cash Flow $243.0M $206.5M
YoY Change 17.68% 66.26%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Basis of Presentation</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with the instructions to Form 10-Q and Article 10 of Regulation S-X. Certain information and footnote disclosures normally included in financial statements prepared in accordance with accounting principles generally accepted in the United States of America, or GAAP, have been condensed or omitted in accordance with such rules and regulations, although management believes the disclosures are adequate to prevent the information presented from being misleading. In the opinion of management, all adjustments (consisting of normal recurring items) considered necessary for a fair presentation have been included. Operating results for the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">three and six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">, are not necessarily indicative of the results that may be expected for the year ending </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The balance sheets of Aimco and the Aimco Operating Partnership at </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">, have been derived from their audited financial statements at that date, but do not include all of the information and disclosures required by GAAP for complete financial statements. For further information, refer to the financial statements and notes thereto included in Aimco&#8217;s and the Aimco Operating Partnership&#8217;s combined Annual Report on Form 10-K for the year ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">December&#160;31, 2012</font><font style="font-family:inherit;font-size:10pt;">. Certain </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2012</font><font style="font-family:inherit;font-size:10pt;"> financial statement amounts have been reclassified to conform to the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">2013</font><font style="font-family:inherit;font-size:10pt;"> presentation, including adjustments for discontinued operations. Except where indicated, the footnotes refer to both Aimco and the Aimco Operating Partnership.</font></div></div>
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">NOTE 1 &#8212; Organization</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Apartment Investment and Management Company, or Aimco, is a Maryland corporation incorporated on January 10, 1994. Aimco is a self-administered and self-managed real estate investment trust, or REIT. AIMCO Properties, L.P., or the Aimco Operating Partnership, is a Delaware limited partnership formed on May 16, 1994, to conduct our business, which is focused on the ownership, management and redevelopment of quality apartment communities located in the largest coastal and job growth markets of the United States.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Aimco, and through its wholly-owned subsidiaries, AIMCO-GP, Inc. and AIMCO-LP Trust, owns a majority of the ownership interests in the Aimco Operating Partnership. Aimco conducts all of its business and owns all of its assets through the Aimco Operating Partnership. Interests in the Aimco Operating Partnership that are held by limited partners other than Aimco are referred to as &#8220;OP Units.&#8221; OP Units include common partnership units, high performance partnership units and partnership preferred units, which we refer to as common OP Units, HPUs and preferred OP Units, respectively. We also refer to HPUs as common OP Unit equivalents. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">, after eliminations for units held by consolidated entities, the Aimco Operating Partnership had </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">153,863,293</font><font style="font-family:inherit;font-size:10pt;"> common partnership units and equivalents outstanding. At </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">, Aimco owned </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">145,906,799</font><font style="font-family:inherit;font-size:10pt;"> of the common partnership units (</font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">94.8%</font><font style="font-family:inherit;font-size:10pt;"> of the common partnership units and equivalents) of the Aimco Operating Partnership and Aimco had outstanding an equal number of shares of its Class A Common Stock, which we refer to as Common Stock.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Except as the context otherwise requires, &#8220;we,&#8221; &#8220;our&#8221; and &#8220;us&#8221; refer to Aimco, the Aimco Operating Partnership and their consolidated subsidiaries, collectively.</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">As of </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">, we owned an equity interest in </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">176</font><font style="font-family:inherit;font-size:10pt;"> conventional real estate properties with </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">55,965</font><font style="font-family:inherit;font-size:10pt;"> units and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">82</font><font style="font-family:inherit;font-size:10pt;"> affordable real estate properties with </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">11,212</font><font style="font-family:inherit;font-size:10pt;"> units. Of these properties, we consolidated </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">172</font><font style="font-family:inherit;font-size:10pt;"> conventional properties with </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">55,817</font><font style="font-family:inherit;font-size:10pt;"> units and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">66</font><font style="font-family:inherit;font-size:10pt;"> affordable properties with </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10,098</font><font style="font-family:inherit;font-size:10pt;"> units. These conventional and affordable properties generated </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">90%</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">10%</font><font style="font-family:inherit;font-size:10pt;">, respectively, of our proportionate property net operating income (as defined in Note 10) during the </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">six</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;color:#000000;text-decoration:none;">June&#160;30, 2013</font><font style="font-family:inherit;font-size:10pt;">.</font></div></div>
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us-gaap Net Income Loss Available To Common Stockholders Basic
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RealEstateRevenueNet
251853000 USD
CY2012Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
244374000 USD
CY2013Q2 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
101087000 USD
CY2012Q4 us-gaap Receivable With Imputed Interest Face Amount
ReceivableWithImputedInterestFaceAmount
104013000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
153532000 USD
us-gaap Stockholders Equity Other
StockholdersEquityOther
317000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
173947000 USD
CY2012Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
146782000 USD
CY2013Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
123112000 USD
CY2013Q2 us-gaap Revenues
Revenues
259662000 USD
us-gaap Revenues
Revenues
514761000 USD
us-gaap Revenues
Revenues
505264000 USD
CY2012Q2 us-gaap Revenues
Revenues
253288000 USD
CY2013Q2 us-gaap Secured Debt
SecuredDebt
4656497000 USD
CY2012Q4 us-gaap Secured Debt
SecuredDebt
4681836000 USD
us-gaap Stock Issued During Period Value Stock Options Exercised Net Of Tax Benefit Expense
StockIssuedDuringPeriodValueStockOptionsExercisedNetOfTaxBenefitExpense
983000 USD
CY2012Q4 us-gaap Stockholders Equity
StockholdersEquity
915425000 USD
CY2013Q2 us-gaap Stockholders Equity
StockholdersEquity
851371000 USD
CY2012Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1154894000 USD
CY2013Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
1063058000 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;padding-bottom:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The preparation of our condensed consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts included in the financial statements and accompanying notes thereto. Actual results could differ from those estimates.</font></div></div>
CY2013Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
353000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
287000 shares
CY2012Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
0 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
123960000 shares
CY2012Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
127395000 shares
CY2013Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145674000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
145532000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145245000 shares
CY2013Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
145321000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
123960000 shares
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
127395000 shares
CY2013Q2 aiv Accrued And Other Liabilities Related To Legally Sold Portfolio
AccruedAndOtherLiabilitiesRelatedToLegallySoldPortfolio
29646000 USD
CY2012Q4 aiv Accrued And Other Liabilities Related To Legally Sold Portfolio
AccruedAndOtherLiabilitiesRelatedToLegallySoldPortfolio
29435000 USD
CY2013Q2 aiv Accrued Liabilities And Other Related To Variable Interest Entities
AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities
162618000 USD
aiv Fair Value Assets And Liabilities Measured On Recurring Basis Unrealized Gain Loss Included In Equity
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnrealizedGainLossIncludedInEquity
-315000 USD
aiv Fair Value Inputs Unlevered Free Cash Flow Internal Rate Of Return
FairValueInputsUnleveredFreeCashFlowInternalRateOfReturn
0.0624
CY2012Q4 aiv Accrued Liabilities And Other Related To Variable Interest Entities
AccruedLiabilitiesAndOtherRelatedToVariableInterestEntities
162795000 USD
aiv Proceeds From Sale Of Interests And Distributions From Unconsolidated Real Estate Partnerships
ProceedsFromSaleOfInterestsAndDistributionsFromUnconsolidatedRealEstatePartnerships
1701000 USD
CY2013Q2 aiv Available For Sale Securities Face Value
AvailableForSaleSecuritiesFaceValue
100900000 USD
CY2013Q2 aiv Carrying Amount Of Consolidated Debt Including Amounts Reported In Liabilities Related To Assets For Sale
CarryingAmountOfConsolidatedDebtIncludingAmountsReportedInLiabilitiesRelatedToAssetsForSale
4800000000 USD
CY2012Q4 aiv Carrying Amount Of Consolidated Debt Including Amounts Reported In Liabilities Related To Assets For Sale
CarryingAmountOfConsolidatedDebtIncludingAmountsReportedInLiabilitiesRelatedToAssetsForSale
4700000000 USD
aiv Carrying Amount Of Real Estate Held For Use Or Held For Sale Prior To Recognition Of Impairment Losses
CarryingAmountOfRealEstateHeldForUseOrHeldForSalePriorToRecognitionOfImpairmentLosses
72700000 USD
CY2012Q4 aiv Cash And Cash Equivalents And Restricted Cash Related To Legally Sold Portfolio
CashAndCashEquivalentsAndRestrictedCashRelatedToLegallySoldPortfolio
31560000 USD
CY2013Q2 aiv Cash And Cash Equivalents And Restricted Cash Related To Legally Sold Portfolio
CashAndCashEquivalentsAndRestrictedCashRelatedToLegallySoldPortfolio
30092000 USD
CY2013Q2 aiv Cash And Cash Equivalents Related To Variable Interest Entities
CashAndCashEquivalentsRelatedToVariableInterestEntities
20995000 USD
CY2012Q4 aiv Cash And Cash Equivalents Related To Variable Interest Entities
CashAndCashEquivalentsRelatedToVariableInterestEntities
23599000 USD
aiv Discontinued Operation Income Loss From Discontinued Operation Before Gain On Dispositions Of Real Estate And Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeGainOnDispositionsOfRealEstateAndIncomeTax
-3714000 USD
CY2013Q2 aiv Discontinued Operation Income Loss From Discontinued Operation Before Gain On Dispositions Of Real Estate And Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeGainOnDispositionsOfRealEstateAndIncomeTax
-84000 USD
aiv Discontinued Operation Income Loss From Discontinued Operation Before Gain On Dispositions Of Real Estate And Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeGainOnDispositionsOfRealEstateAndIncomeTax
345000 USD
CY2012Q2 aiv Discontinued Operation Income Loss From Discontinued Operation Before Gain On Dispositions Of Real Estate And Income Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationBeforeGainOnDispositionsOfRealEstateAndIncomeTax
-1290000 USD
CY2012Q2 aiv Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
7357000 USD
CY2013Q2 aiv Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
43000 USD
aiv Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
16203000 USD
aiv Disposal Group Including Discontinued Operation Depreciation And Amortization
DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization
140000 USD
CY2013Q2 aiv Disposal Group Including Discontinued Operation Interest Income
DisposalGroupIncludingDiscontinuedOperationInterestIncome
114000 USD
CY2012Q2 aiv Disposal Group Including Discontinued Operation Interest Income
DisposalGroupIncludingDiscontinuedOperationInterestIncome
134000 USD
aiv Disposal Group Including Discontinued Operation Interest Income
DisposalGroupIncludingDiscontinuedOperationInterestIncome
284000 USD
aiv Disposal Group Including Discontinued Operation Interest Income
DisposalGroupIncludingDiscontinuedOperationInterestIncome
172000 USD
CY2012Q4 aiv Disposal Group Including Discontinued Operation Property Debt
DisposalGroupIncludingDiscontinuedOperationPropertyDebt
6611000 USD
aiv Distributions Preferred Units Cash
DistributionsPreferredUnitsCash
3212000 USD
aiv Dividends And Distributions Common Stock And Common Units Cash
DividendsAndDistributionsCommonStockAndCommonUnitsCash
90562000 USD
aiv Effect Of Changes In Ownership For Consolidated Entities
EffectOfChangesInOwnershipForConsolidatedEntities
11143000 USD
aiv Equity In Earnings Or Loss Of Unconsolidated Entities Gains Or Losses On Dispositions And Other Net Related To Legally Sold Portfolio
EquityInEarningsOrLossOfUnconsolidatedEntitiesGainsOrLossesOnDispositionsAndOtherNetRelatedToLegallySoldPortfolio
4094000 USD
CY2013Q2 aiv Equity In Earnings Or Loss Of Unconsolidated Entities Gains Or Losses On Dispositions And Other Net Related To Legally Sold Portfolio
EquityInEarningsOrLossOfUnconsolidatedEntitiesGainsOrLossesOnDispositionsAndOtherNetRelatedToLegallySoldPortfolio
2997000 USD
CY2013Q2 aiv Estimated Fair Valueof Real Estate Correspondingto Noncontrolling Interests Acquired
EstimatedFairValueofRealEstateCorrespondingtoNoncontrollingInterestsAcquired
21000000 USD
CY2013Q2 aiv Excepted Remaining Term Available For Sale Debt Securities
ExceptedRemainingTermAvailableForSaleDebtSecurities
P7Y11M
CY2013Q2 aiv Expenses Related To Legally Sold Portfolio
ExpensesRelatedToLegallySoldPortfolio
5667000 USD
aiv Expenses Related To Legally Sold Portfolio
ExpensesRelatedToLegallySoldPortfolio
11935000 USD
CY2012Q4 aiv Fair Value Assets And Liabilities Measured On Recurring Basis
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis
51177000 USD
CY2012Q2 aiv Fair Value Assets And Liabilities Measured On Recurring Basis
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis
46698000 USD
CY2013Q2 aiv Fair Value Assets And Liabilities Measured On Recurring Basis
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis
52223000 USD
CY2011Q4 aiv Fair Value Assets And Liabilities Measured On Recurring Basis
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasis
44681000 USD
aiv Fair Value Assets And Liabilities Measured On Recurring Basis Unrealized Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnrealizedGainLossIncludedInEarnings
-24000 USD
aiv Fair Value Assets And Liabilities Measured On Recurring Basis Unrealized Gain Loss Included In Earnings
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnrealizedGainLossIncludedInEarnings
-24000 USD
aiv Fair Value Assets And Liabilities Measured On Recurring Basis Unrealized Gain Loss Included In Equity
FairValueAssetsAndLiabilitiesMeasuredOnRecurringBasisUnrealizedGainLossIncludedInEquity
-1447000 USD
aiv Fair Value Of Real Estate Held For Use Or Held For Sale Impaired During Period
FairValueOfRealEstateHeldForUseOrHeldForSaleImpairedDuringPeriod
59600000 USD
aiv Impairment Losses On Real Estate Held For Use Or Held For Sale
ImpairmentLossesOnRealEstateHeldForUseOrHeldForSale
13100000 USD
aiv Income Loss From Discontinued Operation Attributable To Operating Partnership
IncomeLossFromDiscontinuedOperationAttributableToOperatingPartnership
13654000 USD
CY2012Q2 aiv Income Loss From Discontinued Operation Attributable To Operating Partnership
IncomeLossFromDiscontinuedOperationAttributableToOperatingPartnership
36459000 USD
aiv Income Loss From Discontinued Operation Attributable To Operating Partnership
IncomeLossFromDiscontinuedOperationAttributableToOperatingPartnership
63192000 USD
CY2013Q2 aiv Income Loss From Discontinued Operation Attributable To Operating Partnership
IncomeLossFromDiscontinuedOperationAttributableToOperatingPartnership
8243000 USD
CY2012Q2 aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Limited Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestLimitedPartnerships
5153000 USD
CY2013Q2 aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Limited Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestLimitedPartnerships
-5452000 USD
aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Limited Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestLimitedPartnerships
11684000 USD
aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Limited Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestLimitedPartnerships
-8673000 USD
aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Operating Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestOperatingPartnerships
738000 USD
aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Operating Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestOperatingPartnerships
3951000 USD
CY2012Q2 aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Operating Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestOperatingPartnerships
2262000 USD
CY2013Q2 aiv Income Loss From Discontinued Operations Attributable To Noncontrolling Interest Operating Partnerships
IncomeLossFromDiscontinuedOperationsAttributableToNoncontrollingInterestOperatingPartnerships
455000 USD
CY2013Q2 aiv Investment In Unconsolidated Real Estate Partnerships Related To Legally Sold Portfolio
InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToLegallySoldPortfolio
13943000 USD
CY2012Q4 aiv Investment In Unconsolidated Real Estate Partnerships Related To Legally Sold Portfolio
InvestmentInUnconsolidatedRealEstatePartnershipsRelatedToLegallySoldPortfolio
15997000 USD
CY2012Q2 aiv Investment Management Expenses
InvestmentManagementExpenses
3240000 USD
CY2013Q2 aiv Investment Management Expenses
InvestmentManagementExpenses
1697000 USD
aiv Investment Management Expenses
InvestmentManagementExpenses
3130000 USD
aiv Investment Management Expenses
InvestmentManagementExpenses
6628000 USD
aiv Method Used In Calculating Earnings Per Share
MethodUsedInCalculatingEarningsPerShare
two-class method
aiv Net Income Attributable To Participating Securities Continuing Operations
NetIncomeAttributableToParticipatingSecuritiesContinuingOperations
214000 USD
CY2012Q2 aiv Net Income Attributable To Participating Securities Continuing Operations
NetIncomeAttributableToParticipatingSecuritiesContinuingOperations
95000 USD
aiv Net Income Attributable To Participating Securities Continuing Operations
NetIncomeAttributableToParticipatingSecuritiesContinuingOperations
280000 USD
CY2013Q2 aiv Net Income Attributable To Participating Securities Continuing Operations
NetIncomeAttributableToParticipatingSecuritiesContinuingOperations
140000 USD
aiv Net Income Loss Including Portion Attributable To Noncontrolling Interests Included In Permanent Equity Excluding Portion Attributable To Noncontrolling Interests Included In Temporary Equity
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestsIncludedInPermanentEquityExcludingPortionAttributableToNoncontrollingInterestsIncludedInTemporaryEquity
6600000 USD
CY2013Q2 aiv Net Income Loss Related To Legally Sold Portfolio
NetIncomeLossRelatedToLegallySoldPortfolio
-1269000 USD
aiv Net Income Loss Related To Legally Sold Portfolio
NetIncomeLossRelatedToLegallySoldPortfolio
-2696000 USD
aiv Net Income Of Sold Portfolio Attributable To Aimco And Aimco Operating Partnership
NetIncomeOfSoldPortfolioAttributableToAimcoAndAimcoOperatingPartnership
714000 USD
CY2013Q2 aiv Net Income Of Sold Portfolio Attributable To Aimco And Aimco Operating Partnership
NetIncomeOfSoldPortfolioAttributableToAimcoAndAimcoOperatingPartnership
354000 USD
CY2013Q2 aiv Net Real Estate Related To Variable Interest Entities
NetRealEstateRelatedToVariableInterestEntities
427043000 USD
CY2012Q4 aiv Net Real Estate Related To Variable Interest Entities
NetRealEstateRelatedToVariableInterestEntities
599302000 USD
CY2013Q2 aiv Non Recourse Property Debt Related To Variable Interest Entities
NonRecoursePropertyDebtRelatedToVariableInterestEntities
372489000 USD
CY2012Q4 aiv Non Recourse Property Debt Related To Variable Interest Entities
NonRecoursePropertyDebtRelatedToVariableInterestEntities
495012000 USD
aiv Noncash Items In Discontinued Operations To Reconcile Net Income Or Loss To Cash Provided By Or Used In Operating Activities
NoncashItemsInDiscontinuedOperationsToReconcileNetIncomeOrLossToCashProvidedByOrUsedInOperatingActivities
-56003000 USD
aiv Noncash Items In Discontinued Operations To Reconcile Net Income Or Loss To Cash Provided By Or Used In Operating Activities
NoncashItemsInDiscontinuedOperationsToReconcileNetIncomeOrLossToCashProvidedByOrUsedInOperatingActivities
-4620000 USD
aiv Noncontrolling Interests In Consolidated Real Estate Partnerships Related To Legally Sold Portfolio
NoncontrollingInterestsInConsolidatedRealEstatePartnershipsRelatedToLegallySoldPortfolio
-3410000 USD
CY2013Q2 aiv Noncontrolling Interests In Consolidated Real Estate Partnerships Related To Legally Sold Portfolio
NoncontrollingInterestsInConsolidatedRealEstatePartnershipsRelatedToLegallySoldPortfolio
-1623000 USD
CY2013Q2 aiv Nonvested Restricted Shares Of Common Stock With Non Forfeitable Dividend Rights
NonvestedRestrictedSharesOfCommonStockWithNonForfeitableDividendRights
600000 shares
CY2012Q2 aiv Nonvested Restricted Shares Of Common Stock With Non Forfeitable Dividend Rights
NonvestedRestrictedSharesOfCommonStockWithNonForfeitableDividendRights
500000 shares
aiv Prepayment Penalties Treated As Reduction Of Gain Upon Repayment Of Property Loans Collateralized By Properties Sold
PrepaymentPenaltiesTreatedAsReductionOfGainUponRepaymentOfPropertyLoansCollateralizedByPropertiesSold
2500000 USD
CY2013Q2 aiv Prepayment Penalties Treated As Reduction Of Gain Upon Repayment Of Property Loans Collateralized By Properties Sold
PrepaymentPenaltiesTreatedAsReductionOfGainUponRepaymentOfPropertyLoansCollateralizedByPropertiesSold
700000 USD
CY2013Q2 aiv Number Of Consolidated Partnerships In Which Remaining Noncontrolling Interests Acquired
NumberOfConsolidatedPartnershipsInWhichRemainingNoncontrollingInterestsAcquired
1 Property
aiv Number Of Consolidated Properties Disposed
NumberOfConsolidatedPropertiesDisposed
28 Property
CY2012 aiv Number Of Consolidated Properties Disposed
NumberOfConsolidatedPropertiesDisposed
75 Property
aiv Number Of Consolidated Properties Disposed
NumberOfConsolidatedPropertiesDisposed
5 Property
CY2013Q2 aiv Number Of Consolidated Properties In Legally Sold Portfolio
NumberOfConsolidatedPropertiesInLegallySoldPortfolio
17 Property
CY2013Q2 aiv Number Of Partnerships In Legally Sold Portfolio
NumberOfPartnershipsInLegallySoldPortfolio
20
CY2012Q4 aiv Number Of Properties Classified As Held For Sale
NumberOfPropertiesClassifiedAsHeldForSale
5 Property
aiv Number Of Properties Impaired During Period
NumberOfPropertiesImpairedDuringPeriod
6 Property
CY2013Q2 aiv Number Of Properties Owned By Consolidated Partnerships In Which Noncontrolling Interests Acquired
NumberOfPropertiesOwnedByConsolidatedPartnershipsInWhichNoncontrollingInterestsAcquired
2 Property
CY2013Q2 aiv Number Of Properties To Be Sold Period For Evaluation
NumberOfPropertiesToBeSoldPeriodForEvaluation
P12M
CY2013Q2 aiv Number Of Sares Of Cmmon Stock Required To Redeem Preferred Op Units Tendered For Redemption If Parent Chooses To Redeem In Sares Rther Than Cash
NumberOfSaresOfCmmonStockRequiredToRedeemPreferredOpUnitsTenderedForRedemptionIfParentChoosesToRedeemInSaresRtherThanCash
2600000 shares
CY2013Q2 aiv Number Of Unconsolidated Properties In Legally Sold Portfolio
NumberOfUnconsolidatedPropertiesInLegallySoldPortfolio
92 Property
aiv Number Of Units In Consolidated Properties Disposed
NumberOfUnitsInConsolidatedPropertiesDisposed
230
aiv Number Of Units In Consolidated Properties Disposed
NumberOfUnitsInConsolidatedPropertiesDisposed
3934
CY2012 aiv Number Of Units In Consolidated Properties Disposed
NumberOfUnitsInConsolidatedPropertiesDisposed
11232
CY2012Q4 aiv Number Of Units In Properties Classified As Held For Sale
NumberOfUnitsInPropertiesClassifiedAsHeldForSale
230
CY2012Q4 aiv Other Assets Related To Legally Sold Portfolio
OtherAssetsRelatedToLegallySoldPortfolio
4163000 USD
CY2013Q2 aiv Other Assets Related To Legally Sold Portfolio
OtherAssetsRelatedToLegallySoldPortfolio
4150000 USD
CY2012Q4 aiv Other Assets Related To Variable Interest Entities
OtherAssetsRelatedToVariableInterestEntities
221638000 USD
CY2013Q2 aiv Other Assets Related To Variable Interest Entities
OtherAssetsRelatedToVariableInterestEntities
221911000 USD
aiv Other Comprehensive Income Loss
OtherComprehensiveIncomeLoss
525000 USD
aiv Other Comprehensive Income Loss
OtherComprehensiveIncomeLoss
-611000 USD
CY2012Q2 aiv Other Comprehensive Income Loss
OtherComprehensiveIncomeLoss
-2339000 USD
CY2013Q2 aiv Other Comprehensive Income Loss
OtherComprehensiveIncomeLoss
500000 USD
aiv Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
117394000 USD
aiv Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
118219000 USD
CY2013Q2 aiv Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
60336000 USD
CY2012Q2 aiv Other Items Included In Continuing Operations
OtherItemsIncludedInContinuingOperations
55619000 USD
CY2013Q2 aiv Payments For Purchases Of Noncontrolling Interests
PaymentsForPurchasesOfNoncontrollingInterests
10700000 USD
CY2013Q2 aiv Period For Reclassification Of Earnings
PeriodForReclassificationOfEarnings
P12M
CY2013Q2 aiv Preferred Op Units Distributions High Range
PreferredOpUnitsDistributionsHighRange
0.088
aiv Preferred Units Repurchased During Period Value
PreferredUnitsRepurchasedDuringPeriodValue
62000 USD
CY2013Q2 aiv Preferred Op Units Distributions Low Range
PreferredOpUnitsDistributionsLowRange
0.018
CY2013Q2 aiv Preferred Op Units Redemption Value
PreferredOpUnitsRedemptionValue
79200000 USD
CY2012Q2 aiv Preferred Stock Dividends And Other Adjustments Continuing Operations
PreferredStockDividendsAndOtherAdjustmentsContinuingOperations
22182000 USD
aiv Preferred Stock Dividends And Other Adjustments Continuing Operations
PreferredStockDividendsAndOtherAdjustmentsContinuingOperations
1403000 USD
CY2013Q2 aiv Preferred Stock Dividends And Other Adjustments Continuing Operations
PreferredStockDividendsAndOtherAdjustmentsContinuingOperations
701000 USD
aiv Preferred Stock Dividends And Other Adjustments Continuing Operations
PreferredStockDividendsAndOtherAdjustmentsContinuingOperations
34621000 USD
aiv Prepayment Penalties Treated As Reduction Of Gain Upon Repayment Of Property Loans Collateralized By Properties Sold
PrepaymentPenaltiesTreatedAsReductionOfGainUponRepaymentOfPropertyLoansCollateralizedByPropertiesSold
900000 USD
CY2012Q2 aiv Prepayment Penalties Treated As Reduction Of Gain Upon Repayment Of Property Loans Collateralized By Properties Sold
PrepaymentPenaltiesTreatedAsReductionOfGainUponRepaymentOfPropertyLoansCollateralizedByPropertiesSold
1200000 USD
aiv Proceeds From Sale Of Interests And Distributions From Unconsolidated Real Estate Partnerships
ProceedsFromSaleOfInterestsAndDistributionsFromUnconsolidatedRealEstatePartnerships
14698000 USD
aiv Range Of Remaining Compliance Periods For Tax Credit Syndication Arrangements
RangeOfRemainingCompliancePeriodsForTaxCreditSyndicationArrangements
less than one year to 13 years
CY2012Q4 aiv Real Estate Net Related To Legally Sold Portfolio
RealEstateNetRelatedToLegallySoldPortfolio
127025000 USD
CY2013Q2 aiv Real Estate Net Related To Legally Sold Portfolio
RealEstateNetRelatedToLegallySoldPortfolio
128917000 USD
CY2013Q2 aiv Restricted Cash Related To Variable Interest Entities
RestrictedCashRelatedToVariableInterestEntities
36573000 USD
CY2012Q4 aiv Restricted Cash Related To Variable Interest Entities
RestrictedCashRelatedToVariableInterestEntities
38576000 USD
aiv Revenues Related To Legally Sold Portfolio
RevenuesRelatedToLegallySoldPortfolio
13333000 USD
CY2013Q2 aiv Revenues Related To Legally Sold Portfolio
RevenuesRelatedToLegallySoldPortfolio
7395000 USD
aiv Tax Credit And Asset Management Revenues
TaxCreditAndAssetManagementRevenues
16985000 USD
aiv Tax Credit And Asset Management Revenues
TaxCreditAndAssetManagementRevenues
15061000 USD
CY2012Q2 aiv Tax Credit And Asset Management Revenues
TaxCreditAndAssetManagementRevenues
8914000 USD
CY2013Q2 aiv Tax Credit And Asset Management Revenues
TaxCreditAndAssetManagementRevenues
7809000 USD
aiv Term Of Commitments To Purchase Goods Or Services Related To Operations Of Properties
TermOfCommitmentsToPurchaseGoodsOrServicesRelatedToOperationsOfProperties
one year or less
CY2013Q2 aiv Total Assets Related To Legally Sold Portfolio
TotalAssetsRelatedToLegallySoldPortfolio
177102000 USD
CY2012Q4 aiv Total Assets Related To Legally Sold Portfolio
TotalAssetsRelatedToLegallySoldPortfolio
178745000 USD
CY2013Q2 aiv Total Indebtedness Related To Legally Sold Portfolio
TotalIndebtednessRelatedToLegallySoldPortfolio
112077000 USD
CY2012Q4 aiv Total Indebtedness Related To Legally Sold Portfolio
TotalIndebtednessRelatedToLegallySoldPortfolio
110737000 USD
CY2013Q2 aiv Total Liabilites Related To Legally Sold Portfolio
TotalLiabilitesRelatedToLegallySoldPortfolio
141723000 USD
CY2012Q4 aiv Total Liabilites Related To Legally Sold Portfolio
TotalLiabilitesRelatedToLegallySoldPortfolio
140172000 USD
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
APARTMENT INVESTMENT & MANAGEMENT CO
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000922864
CY2013Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
145906799 shares

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