2018 Q4 Form 10-Q Financial Statement
#000092286418000047 Filed on November 05, 2018
Income Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
Revenue | $232.0M | $242.5M | $254.6M |
YoY Change | -9.09% | -4.77% | 2.3% |
Cost Of Revenue | $75.40M | $80.90M | $90.00M |
YoY Change | -15.09% | -10.11% | -1.64% |
Gross Profit | $156.6M | $161.6M | $164.6M |
YoY Change | -5.89% | -1.82% | 4.57% |
Gross Profit Margin | 67.49% | 66.64% | 64.64% |
Selling, General & Admin | $9.100M | $12.50M | $10.50M |
YoY Change | -21.55% | 19.05% | -14.63% |
% of Gross Profit | 5.81% | 7.74% | 6.38% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $91.40M | $96.40M | $92.50M |
YoY Change | -6.16% | 4.22% | 8.95% |
% of Gross Profit | 58.37% | 59.65% | 56.2% |
Operating Expenses | $90.60M | $195.5M | $195.4M |
YoY Change | -39.24% | 0.05% | 2.76% |
Operating Profit | $66.00M | $46.95M | $59.21M |
YoY Change | 281.88% | -20.69% | 0.81% |
Interest Expense | -$54.30M | $45.49M | $50.68M |
YoY Change | 15.29% | -10.24% | 2.64% |
% of Operating Profit | -82.27% | 96.89% | 85.6% |
Other Income/Expense, Net | -$100.0K | -$283.0K | $6.937M |
YoY Change | -100.03% | -104.08% | 1143.19% |
Pretax Income | $66.50M | $630.1M | $17.51M |
YoY Change | -75.47% | 3499.26% | 44.97% |
Income Tax | $56.70M | $26.21M | -$4.870M |
% Of Pretax Income | 85.26% | 4.16% | -27.82% |
Net Earnings | $9.840M | $570.0M | $19.64M |
YoY Change | -96.56% | 2802.93% | 26.57% |
Net Earnings / Revenue | 4.24% | 235.07% | 7.71% |
Basic Earnings Per Share | $0.04 | $3.73 | $0.11 |
Diluted Earnings Per Share | $0.04 | $3.73 | $0.11 |
COMMON SHARES | |||
Basic Shares Outstanding | 155.6M shares | 152.0M | 156.3M shares |
Diluted Shares Outstanding | 152.2M | 156.8M shares |
Balance Sheet
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $37.00M | $58.00M | $56.00M |
YoY Change | -51.95% | 3.57% | 16.67% |
Cash & Equivalents | $36.86M | $104.3M | $55.68M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $42.00M | $0.00 | |
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $79.00M | $58.00M | $56.00M |
YoY Change | -16.84% | 3.57% | -43.43% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $5.723B | $5.731B | $5.772B |
YoY Change | 1.65% | -0.71% | 0.28% |
Goodwill | $37.80M | ||
YoY Change | 0.0% | ||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $0.00 | ||
YoY Change | |||
Other Assets | $36.00M | $46.00M | $78.00M |
YoY Change | -45.45% | -41.03% | -29.09% |
Total Long-Term Assets | $6.111B | $6.127B | $6.113B |
YoY Change | 2.12% | 0.22% | -1.32% |
TOTAL ASSETS | |||
Total Short-Term Assets | $79.00M | $58.00M | $56.00M |
Total Long-Term Assets | $6.111B | $6.127B | $6.113B |
Total Assets | $6.190B | $6.185B | $6.169B |
YoY Change | 1.83% | 0.25% | -1.98% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | |||
YoY Change | |||
Accrued Expenses | $226.0M | $243.0M | $228.0M |
YoY Change | 2.73% | 6.58% | 7.55% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $249.0M |
YoY Change | -100.0% | -100.0% | |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $226.0M | $243.0M | $477.0M |
YoY Change | -51.91% | -49.06% | 83.46% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $4.076B | $3.647B | $4.141B |
YoY Change | 6.17% | -11.93% | 2.1% |
Other Long-Term Liabilities | $23.00M | $14.00M | |
YoY Change | 91.67% | -70.83% | |
Total Long-Term Liabilities | $4.099B | $3.647B | $4.155B |
YoY Change | 6.44% | -12.23% | 1.24% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $226.0M | $243.0M | $477.0M |
Total Long-Term Liabilities | $4.099B | $3.647B | $4.155B |
Total Liabilities | $4.325B | $3.890B | $4.632B |
YoY Change | 0.08% | -16.03% | 6.17% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | |||
YoY Change | |||
Common Stock | $1.446M | $1.574M | $1.570M |
YoY Change | -8.02% | 0.25% | 0.06% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $1.699B | $2.126B | $1.454B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.190B | $6.185B | $6.169B |
YoY Change | 1.83% | 0.25% | -1.98% |
Cashflow Statement
Concept | 2018 Q4 | 2018 Q3 | 2017 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $9.840M | $570.0M | $19.64M |
YoY Change | -96.56% | 2802.93% | 26.57% |
Depreciation, Depletion And Amortization | $91.40M | $96.40M | $92.50M |
YoY Change | -6.16% | 4.22% | 8.95% |
Cash From Operating Activities | $93.50M | $117.3M | $117.6M |
YoY Change | -3.61% | -0.26% | 17.95% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$119.5M | -$98.90M | -$95.10M |
YoY Change | 17.5% | 4.0% | -74.78% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $2.200M | $631.8M | -$1.800M |
YoY Change | -99.44% | -35200.0% | -100.6% |
Cash From Investing Activities | -$117.3M | $532.8M | -$97.00M |
YoY Change | -140.6% | -649.28% | 21.86% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -7.900M | -684.8M | -20.50M |
YoY Change | -97.9% | 3240.49% | -25.45% |
NET CHANGE | |||
Cash From Operating Activities | 93.50M | 117.3M | 117.6M |
Cash From Investing Activities | -117.3M | 532.8M | -97.00M |
Cash From Financing Activities | -7.900M | -684.8M | -20.50M |
Net Change In Cash | -31.70M | -34.70M | 100.0K |
YoY Change | -452.22% | -34800.0% | -101.35% |
FREE CASH FLOW | |||
Cash From Operating Activities | $93.50M | $117.3M | $117.6M |
Capital Expenditures | -$119.5M | -$98.90M | -$95.10M |
Free Cash Flow | $213.0M | $216.2M | $212.7M |
YoY Change | 7.2% | 1.65% | -55.39% |
Facts In Submission
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---|---|---|---|---|
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IncomeTaxExpenseBenefit
|
-69724000 | USD | |
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
19216000 | USD | |
us-gaap |
Increase Decrease In Operating Capital
IncreaseDecreaseInOperatingCapital
|
9683000 | USD | |
CY2017Q3 | us-gaap |
Interest Expense
InterestExpense
|
50682000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
145422000 | USD | |
CY2018Q3 | us-gaap |
Interest Expense
InterestExpense
|
45492000 | USD |
us-gaap |
Interest Expense
InterestExpense
|
143193000 | USD | |
CY2017Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2047000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
6251000 | USD | |
CY2018Q3 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
2712000 | USD |
us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
7768000 | USD | |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
4321750000 | USD |
CY2018Q3 | us-gaap |
Liabilities
Liabilities
|
3889571000 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6079040000 | USD |
CY2018Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6185021000 | USD |
us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.946 | ||
CY2018Q3 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
157352109 | shares |
CY2017Q4 | us-gaap |
Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
|
-1716000 | USD |
CY2018Q3 | us-gaap |
Minority Interest In Limited Partnerships
MinorityInterestInLimitedPartnerships
|
-1605000 | USD |
CY2017Q4 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
-5675000 | USD |
CY2018Q3 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
70053000 | USD |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-16818000 | USD | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-580290000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-275885000 | USD | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
239122000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
295149000 | USD | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
302926000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
19635000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
51385000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
569991000 | USD |
us-gaap |
Net Income Loss
NetIncomeLoss
|
658820000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2509000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
9505000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
33926000 | USD |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
47943000 | USD | |
CY2017Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
17430000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
44764000 | USD | |
CY2018Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
567029000 | USD |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
651371000 | USD | |
CY2017Q3 | us-gaap |
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
|
-249000 | USD |
us-gaap |
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
|
1515000 | USD | |
CY2018Q3 | us-gaap |
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
|
1794000 | USD |
us-gaap |
Noncontrolling Interest In Net Income Loss Limited Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
|
8045000 | USD | |
CY2017Q3 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
820000 | USD |
us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
2164000 | USD | |
CY2018Q3 | us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
30198000 | USD |
us-gaap |
Noncontrolling Interest In Net Income Loss Operating Partnerships Nonredeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
|
34093000 | USD | |
CY2017Q3 | us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable
|
1938000 | USD |
us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable
|
5826000 | USD | |
CY2018Q3 | us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable
|
1934000 | USD |
us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Nonredeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable
|
5805000 | USD | |
us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | Segment | |
CY2017Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
195430000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
573508000 | USD | |
CY2018Q3 | us-gaap |
Operating Expenses
OperatingExpenses
|
195527000 | USD |
us-gaap |
Operating Expenses
OperatingExpenses
|
590696000 | USD | |
CY2017Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
59205000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
176700000 | USD | |
CY2018Q3 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
46954000 | USD |
us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
149692000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
381000 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-40000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
979000 | USD |
us-gaap |
Other Comprehensive Income Loss Available For Sale Securities Adjustment Net Of Tax
OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentNetOfTax
|
-72000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1050000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1029000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1736000 | USD |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
1319000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-594000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-1349000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-757000 | USD |
us-gaap |
Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
|
-1391000 | USD | |
CY2017Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
75000 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
-280000 | USD | |
CY2018Q3 | us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
0 | USD |
us-gaap |
Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
|
0 | USD | |
CY2017Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
2272000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
6661000 | USD | |
CY2018Q3 | us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
5780000 | USD |
us-gaap |
Other Cost And Expense Operating
OtherCostAndExpenseOperating
|
13624000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-398000 | USD | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-11762000 | USD | |
CY2017Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
6937000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
7602000 | USD | |
CY2018Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-283000 | USD |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
141000 | USD | |
CY2017Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
57000 | USD |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
176000 | USD | |
CY2018Q3 | us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
814000 | USD |
us-gaap |
Participating Securities Distributed And Undistributed Earnings Loss Basic
ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
|
1004000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
266623000 | USD | |
us-gaap |
Payments For Capital Improvements
PaymentsForCapitalImprovements
|
253149000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
1086000 | USD | |
us-gaap |
Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
|
-1695000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
168987000 | USD | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
178937000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
15829000 | USD | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
22549000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
6445000 | USD | |
us-gaap |
Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
|
6445000 | USD | |
us-gaap |
Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
324265000 | USD | |
us-gaap |
Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
|
12256000 | USD | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
7358000 | USD | |
us-gaap |
Payments To Acquire Other Productive Assets
PaymentsToAcquireOtherProductiveAssets
|
5530000 | USD | |
us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
11706000 | USD | |
us-gaap |
Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
|
212358000 | USD | |
CY2017Q3 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
2148000 | USD |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
6445000 | USD | |
CY2018Q3 | us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
2148000 | USD |
us-gaap |
Preferred Stock Dividends And Other Adjustments
PreferredStockDividendsAndOtherAdjustments
|
6445000 | USD | |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
125000000 | USD |
CY2018Q3 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
125000000 | USD |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
165785000 | USD | |
us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
360613000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-4693000 | USD | |
us-gaap |
Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
|
-415000 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
338290000 | USD | |
us-gaap |
Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
|
-67160000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In More Than Three Months
ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
|
250000000 | USD | |
us-gaap |
Proceeds From Repayments Of Short Term Debt Maturing In More Than Three Months
ProceedsFromRepaymentsOfShortTermDebtMaturingInMoreThanThreeMonths
|
-250000000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
10888000 | USD | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
708464000 | USD | |
CY2017Q3 | us-gaap |
Profit Loss
ProfitLoss
|
22144000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
60890000 | USD | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
603917000 | USD |
us-gaap |
Profit Loss
ProfitLoss
|
706763000 | USD | |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
101537000 | USD |
CY2018Q3 | us-gaap |
Redeemable Noncontrolling Interest Equity Preferred Carrying Amount
RedeemableNoncontrollingInterestEquityPreferredCarryingAmount
|
101320000 | USD |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
250674000 | USD | |
us-gaap |
Repayments Of Secured Debt
RepaymentsOfSecuredDebt
|
403141000 | USD | |
CY2017Q3 | us-gaap |
Revenues
Revenues
|
254635000 | USD |
us-gaap |
Revenues
Revenues
|
750208000 | USD | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
242481000 | USD |
us-gaap |
Revenues
Revenues
|
740388000 | USD | |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
1663144000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2125682000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
1655753000 | USD |
CY2018Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2194130000 | USD |
us-gaap |
Stockholders Equity Other
StockholdersEquityOther
|
-119000 | USD | |
CY2017Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
500000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
500000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
200000 | shares |
us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
200000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156835000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156768000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156938000 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
156836000 | shares | |
CY2017Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156306000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156290000 | shares | |
CY2018Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156711000 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
156674000 | shares | |
us-gaap |
Basis Of Accounting
BasisOfAccounting
|
<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 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;">three and nine</font><font style="font-family:inherit;font-size:10pt;"> months ended </font><font style="font-family:inherit;font-size:10pt;">September 30, 2018</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;">December 31, 2018</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;">December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">, have been derived from their respective 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’s and the Aimco Operating Partnership’s combined Annual Report on Form 10-K for the </font><font style="font-family:inherit;font-size:10pt;">year ended December 31, 2017</font><font style="font-family:inherit;font-size:10pt;">. Except where indicated, the footnotes refer to both Aimco and the Aimco Operating Partnership.</font></div><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;"></font></div></div> | ||
us-gaap |
Nature Of Operations
NatureOfOperations
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Organization</font></div><div style="line-height:120%;padding-bottom:12px;padding-top: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, redevelopment and limited development of quality apartment communities located in several of the largest markets in the United States.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Aimco, 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 OP Units. OP Units include common partnership units, which we refer to as common OP Units, as well as partnership preferred units, which we refer to as preferred OP Units. As of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, after eliminations for units held by consolidated subsidiaries, the Aimco Operating Partnership had </font><font style="font-family:inherit;font-size:10pt;">166,384,727</font><font style="font-family:inherit;font-size:10pt;"> common partnership units outstanding. As of </font><font style="font-family:inherit;font-size:10pt;">September 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, Aimco owned </font><font style="font-family:inherit;font-size:10pt;">157,352,109</font><font style="font-family:inherit;font-size:10pt;"> of the common partnership units (</font><font style="font-family:inherit;font-size:10pt;">94.6%</font><font style="font-family:inherit;font-size:10pt;"> of the common partnership units) 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;padding-top:12px;text-align:justify;text-indent:18px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Except as the context otherwise requires, “we,” “our” and “us” refer to Aimco, the Aimco Operating Partnership and their consolidated subsidiaries, collectively.</font></div><div style="line-height:120%;padding-bottom:12px;padding-top: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;">September 30, 2018</font><font style="font-family:inherit;font-size:10pt;">, we owned an equity interest in </font><font style="font-family:inherit;font-size:10pt;">133</font><font style="font-family:inherit;font-size:10pt;"> apartment communities with </font><font style="font-family:inherit;font-size:10pt;">36,481</font><font style="font-family:inherit;font-size:10pt;"> apartment homes in our Real Estate portfolio. Our Real Estate portfolio is diversified by both price point and geography and consists primarily of market rate apartment communities in which we own a substantial interest. We consolidated </font><font style="font-family:inherit;font-size:10pt;">129</font><font style="font-family:inherit;font-size:10pt;"> of these apartment communities with </font><font style="font-family:inherit;font-size:10pt;">36,339</font><font style="font-family:inherit;font-size:10pt;"> apartment homes and these communities comprise our reportable segment.</font></div></div> | ||
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Use Of Estimates
UseOfEstimates
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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;">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> |