2016 Q3 Form 10-Q Financial Statement

#000156240116000114 Filed on November 04, 2016

View on sec.gov

Income Statement

Concept 2016 Q3 2015 Q3
Revenue $236.1M $172.6M
YoY Change 36.76% 56.36%
Cost Of Revenue $110.4M $86.20M
YoY Change 28.07% 58.17%
Gross Profit $125.6M $86.40M
YoY Change 45.37% 54.56%
Gross Profit Margin 53.21% 50.05%
Selling, General & Admin $8.500M $7.000M
YoY Change 21.43% 16.67%
% of Gross Profit 6.77% 8.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $75.40M $67.80M
YoY Change 11.21% 51.15%
% of Gross Profit 60.03% 78.47%
Operating Expenses $232.0M $189.0M
YoY Change 22.74% 51.19%
Operating Profit -$106.4M -$102.6M
YoY Change 3.69% 48.46%
Interest Expense $32.85M $23.87M
YoY Change 37.65% 366.86%
% of Operating Profit
Other Income/Expense, Net -$2.500M -$3.500M
YoY Change -28.57% -294.44%
Pretax Income -$200.0K -$19.90M
YoY Change -98.99% 55.47%
Income Tax
% Of Pretax Income
Net Earnings -$167.0K -$19.94M
YoY Change -99.16% 55.81%
Net Earnings / Revenue -0.07% -11.55%
Basic Earnings Per Share -$0.09
Diluted Earnings Per Share -$0.09 -$108.8K
COMMON SHARES
Basic Shares Outstanding 238.4M shares
Diluted Shares Outstanding 238.4M shares

Balance Sheet

Concept 2016 Q3 2015 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $106.3M $238.4M
YoY Change -55.41% 129.45%
Cash & Equivalents $106.3M $238.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $21.80M $17.50M
Other Receivables $0.00 $0.00
Total Short-Term Assets $128.1M $255.9M
YoY Change -49.94% 133.7%
LONG-TERM ASSETS
Property, Plant & Equipment $7.545B $6.268B
YoY Change 20.39% 22.47%
Goodwill $120.3M $120.7M
YoY Change -0.28% 0.0%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $239.4M $296.1M
YoY Change -19.15% 98.33%
Total Long-Term Assets $7.958B $6.710B
YoY Change 18.61% 23.64%
TOTAL ASSETS
Total Short-Term Assets $128.1M $255.9M
Total Long-Term Assets $7.958B $6.710B
Total Assets $8.086B $6.966B
YoY Change 16.09% 25.82%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $0.00 $400.0K
YoY Change -100.0% 300.0%
Accrued Expenses $171.3M $181.1M
YoY Change -5.41% 89.24%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $241.0M $234.6M
YoY Change 2.73% 60.8%
LONG-TERM LIABILITIES
Long-Term Debt $2.927B $2.587B
YoY Change 13.13% 140.65%
Other Long-Term Liabilities $65.70M $128.9M
YoY Change -49.03% 0.31%
Total Long-Term Liabilities $2.993B $2.716B
YoY Change 10.18% 125.66%
TOTAL LIABILITIES
Total Short-Term Liabilities $241.0M $234.6M
Total Long-Term Liabilities $2.993B $2.716B
Total Liabilities $3.234B $2.951B
YoY Change 9.59% 118.65%
SHAREHOLDERS EQUITY
Retained Earnings -$368.8M -$266.0M
YoY Change 38.65% 89.62%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.099B $3.303B
YoY Change
Total Liabilities & Shareholders Equity $8.086B $6.966B
YoY Change 16.09% 25.82%

Cashflow Statement

Concept 2016 Q3 2015 Q3
OPERATING ACTIVITIES
Net Income -$167.0K -$19.94M
YoY Change -99.16% 55.81%
Depreciation, Depletion And Amortization $75.40M $67.80M
YoY Change 11.21% 51.15%
Cash From Operating Activities $105.6M $52.10M
YoY Change 102.69% 21.16%
INVESTING ACTIVITIES
Capital Expenditures -$16.40M -$7.100M
YoY Change 130.99% -94.0%
Acquisitions
YoY Change
Other Investing Activities -$17.40M -$159.3M
YoY Change -89.08% -62.08%
Cash From Investing Activities -$33.80M -$166.4M
YoY Change -79.69% -69.09%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -215.8M 262.0M
YoY Change -182.37% -27.28%
NET CHANGE
Cash From Operating Activities 105.6M 52.10M
Cash From Investing Activities -33.80M -166.4M
Cash From Financing Activities -215.8M 262.0M
Net Change In Cash -144.0M 147.7M
YoY Change -197.49% -209.33%
FREE CASH FLOW
Cash From Operating Activities $105.6M $52.10M
Capital Expenditures -$16.40M -$7.100M
Free Cash Flow $122.0M $59.20M
YoY Change 106.08% -63.3%

Facts In Submission

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us-gaap Gain Loss On Sale Of Properties
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0 USD
CY2016Q3 us-gaap Gain Loss On Sale Of Properties
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11682000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
12574000 USD
CY2015Q3 us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
us-gaap Gains Losses On Extinguishment Of Debt
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0 USD
CY2016Q3 us-gaap Gains Losses On Extinguishment Of Debt
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-13408000 USD
us-gaap Gains Losses On Extinguishment Of Debt
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-13408000 USD
CY2015Q3 us-gaap General And Administrative Expense
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6090000 USD
us-gaap General And Administrative Expense
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18497000 USD
CY2016Q3 us-gaap General And Administrative Expense
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7563000 USD
us-gaap General And Administrative Expense
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22966000 USD
CY2015Q4 us-gaap Goodwill
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120655000 USD
CY2015Q4 us-gaap Goodwill
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120700000 USD
CY2016Q3 us-gaap Goodwill
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120300000 USD
CY2016Q3 us-gaap Goodwill
Goodwill
120317000 USD
CY2016Q3 us-gaap Goodwill Written Off Related To Sale Of Business Unit
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400000 USD
us-gaap Goodwill Written Off Related To Sale Of Business Unit
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400000 USD
us-gaap Impairment Of Real Estate
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0 USD
us-gaap Impairment Of Real Estate
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1467000 USD
us-gaap Income Loss From Equity Method Investments
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-385000 USD
us-gaap Income Loss From Equity Method Investments
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418000 USD
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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86300000 USD
us-gaap Increase Decrease In Accounts Receivable
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13071000 USD
us-gaap Increase Decrease In Accounts Receivable
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12110000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
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7733000 USD
us-gaap Increase Decrease In Deferred Leasing Fees
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6199000 USD
us-gaap Increase Decrease In Due To Affiliates Current
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-1721000 USD
us-gaap Increase Decrease In Due To Affiliates Current
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-5425000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
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5140000 USD
us-gaap Increase Decrease In Prepaid Expenses Other
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429000 USD
us-gaap Increase Decrease In Restricted Cash
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19536000 USD
us-gaap Increase Decrease In Restricted Cash
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-1495000 USD
us-gaap Increase Decrease In Security Deposits
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-10239000 USD
us-gaap Increase Decrease In Security Deposits
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CY2015Q3 us-gaap Interest Costs Incurred
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25029000 USD
us-gaap Interest Costs Incurred
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69181000 USD
CY2016Q3 us-gaap Interest Costs Incurred
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33433000 USD
us-gaap Interest Costs Incurred
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100886000 USD
CY2015Q3 us-gaap Interest Costs Incurred Capitalized
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1163000 USD
us-gaap Interest Costs Incurred Capitalized
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7642000 USD
CY2016Q3 us-gaap Interest Costs Incurred Capitalized
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582000 USD
us-gaap Interest Costs Incurred Capitalized
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1577000 USD
CY2015Q3 us-gaap Interest Expense
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23866000 USD
us-gaap Interest Expense
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61539000 USD
CY2016Q3 us-gaap Interest Expense
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32851000 USD
us-gaap Interest Expense
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99309000 USD
us-gaap Interest Paid
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49368000 USD
us-gaap Interest Paid
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87707000 USD
CY2015Q4 us-gaap Investment Building And Building Improvements
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5469533000 USD
CY2016Q3 us-gaap Investment Building And Building Improvements
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6542708000 USD
CY2015Q4 us-gaap Land
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1229017000 USD
CY2016Q3 us-gaap Land
Land
1497681000 USD
CY2015Q4 us-gaap Liabilities
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CY2016Q3 us-gaap Liabilities
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3233618000 USD
CY2015Q4 us-gaap Liabilities And Stockholders Equity
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6751219000 USD
CY2016Q3 us-gaap Liabilities And Stockholders Equity
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8086499000 USD
CY2015Q4 us-gaap Line Of Credit
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0 USD
CY2016Q3 us-gaap Line Of Credit
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75000000 USD
CY2015Q4 us-gaap Long Term Debt
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2524395000 USD
CY2016Q3 us-gaap Long Term Debt
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2926821000 USD
CY2015Q4 us-gaap Minority Interest
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675888000 USD
CY2016Q3 us-gaap Minority Interest
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754102000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
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8582000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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717607000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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257736000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-743926000 USD
us-gaap Net Cash Provided By Used In Investing Activities
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-452035000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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155949000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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242921000 USD
CY2015Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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3109000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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10795000 USD
CY2016Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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7316000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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10391000 USD
CY2015Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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-64103000 USD
CY2016Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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4698000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Liabilities Assumed1
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0 USD
CY2015Q4 us-gaap Nontrade Receivables
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1000000 USD
CY2016Q3 us-gaap Nontrade Receivables
NontradeReceivables
700000 USD
CY2015Q4 us-gaap Notes Payable
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50752000 USD
CY2016Q3 us-gaap Notes Payable
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50065000 USD
CY2015Q4 us-gaap Number Of Real Estate Properties
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38780 single_family_property
CY2016Q3 us-gaap Number Of Real Estate Properties
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48153 single_family_property
CY2016Q3 us-gaap Number Of States In Which Entity Operates
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22 state
CY2015Q3 us-gaap Operating Expenses
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189026000 USD
us-gaap Operating Expenses
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CY2016Q3 us-gaap Operating Expenses
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232008000 USD
us-gaap Operating Expenses
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us-gaap Operating Leases Income Statement Lease Revenue
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us-gaap Operating Leases Income Statement Lease Revenue
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558623000 USD
CY2015Q4 us-gaap Other Accrued Liabilities Current And Noncurrent
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26031000 USD
CY2016Q3 us-gaap Other Accrued Liabilities Current And Noncurrent
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31096000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
51000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
81000 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
28000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
130000 USD
CY2015Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesNetOfTax
0 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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0 USD
CY2016Q3 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-28000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Net Of Tax
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-130000 USD
CY2015Q3 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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51000 USD
us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
81000 USD
CY2016Q3 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
CY2015Q3 us-gaap Other Cost And Expense Operating
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1152000 USD
us-gaap Other Cost And Expense Operating
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2686000 USD
CY2016Q3 us-gaap Other Cost And Expense Operating
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3142000 USD
us-gaap Other Cost And Expense Operating
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6482000 USD
us-gaap Payments For Capital Improvements
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125158000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
21710000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
2050000 USD
us-gaap Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
821000 USD
CY2015Q3 us-gaap Profit Loss
ProfitLoss
-19938000 USD
us-gaap Profit Loss
ProfitLoss
-36601000 USD
CY2016Q3 us-gaap Proceeds From Sale Of Real Estate
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56200000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
96098000 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
0 USD
us-gaap Payments For Repurchase Of Other Equity
PaymentsForRepurchaseOfOtherEquity
399000 USD
us-gaap Payments Of Debt Issuance Costs
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25163000 USD
us-gaap Payments Of Debt Issuance Costs
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10425000 USD
us-gaap Payments Of Dividends Common Stock
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31723000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
35997000 USD
us-gaap Payments Of Dividends Minority Interest
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18163000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
8582000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
16707000 USD
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
26650000 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
0 USD
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
15922000 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
0 USD
us-gaap Payments To Acquire Buildings
PaymentsToAcquireBuildings
27105000 USD
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
11227000 USD
us-gaap Payments To Acquire Finance Receivables
PaymentsToAcquireFinanceReceivables
0 USD
us-gaap Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
552944000 USD
us-gaap Payments To Acquire Residential Real Estate
PaymentsToAcquireResidentialRealEstate
187886000 USD
us-gaap Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
0 USD
us-gaap Preferred Stock Conversions Inducements
PreferredStockConversionsInducements
0 USD
CY2015Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
5569000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
16707000 USD
CY2016Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
13669000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
26650000 USD
CY2016Q3 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
25
CY2016Q3 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
470900000 USD
CY2015Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2016Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2015Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2016Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
100000000 shares
CY2015Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
17060000 shares
CY2016Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
37010000 shares
CY2015Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
17060000 shares
CY2016Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
37010000 shares
CY2015Q4 us-gaap Preferred Stock Value
PreferredStockValue
171000 USD
CY2016Q3 us-gaap Preferred Stock Value
PreferredStockValue
370000 USD
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
0 USD
us-gaap Proceeds From Collection Of Finance Receivables
ProceedsFromCollectionOfFinanceReceivables
17687000 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 USD
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
498750000 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
0 USD
us-gaap Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
250000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
799000000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
951000000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
0 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
71894000 USD
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
71900000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
225000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
2777000 USD
CY2016Q3 us-gaap Profit Loss
ProfitLoss
-167000 USD
us-gaap Profit Loss
ProfitLoss
1108000 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
5005000 USD
us-gaap Provision For Doubtful Accounts
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5092000 USD
CY2015Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
7432000 USD
CY2016Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
105308000 USD
CY2015Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
416044000 USD
CY2016Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
600299000 USD
CY2015Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6705982000 USD
CY2016Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8145697000 USD
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6289938000 USD
CY2015Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6300000000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7500000000 USD
CY2016Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
7545398000 USD
us-gaap Real Estate Period Increase Decrease
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1200000000 USD
CY2015Q3 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
172613000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
457989000 USD
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RealEstateRevenueNet
236057000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
651330000 USD
us-gaap Repayments Of Lines Of Credit
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1006000000 USD
us-gaap Repayments Of Lines Of Credit
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876000000 USD
us-gaap Repayments Of Other Debt
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664000 USD
us-gaap Repayments Of Other Debt
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687000 USD
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111282000 USD
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131367000 USD
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-296865000 USD
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RetainedEarningsAccumulatedDeficit
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CY2015Q4 us-gaap Security Deposit Liability
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53819000 USD
CY2016Q3 us-gaap Security Deposit Liability
SecurityDepositLiability
69743000 USD
CY2015Q3 us-gaap Share Based Compensation
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913000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2343000 USD
CY2016Q3 us-gaap Share Based Compensation
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891000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
2744000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
530460000 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
58494000 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
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us-gaap Stock Issued During Period Value New Issues
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482828000 USD
us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
2640000 USD
us-gaap Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
96098000 USD
CY2015Q4 us-gaap Stockholders Equity
StockholdersEquity
3259345000 USD
CY2016Q3 us-gaap Stockholders Equity
StockholdersEquity
4098779000 USD
CY2015Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3935233000 USD
CY2016Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
4852881000 USD
CY2015Q3 us-gaap Tenant Reimbursements
TenantReimbursements
19881000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
40215000 USD
CY2016Q3 us-gaap Tenant Reimbursements
TenantReimbursements
30808000 USD
us-gaap Tenant Reimbursements
TenantReimbursements
72077000 USD
CY2015Q3 us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
-525000 USD
us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
3456000 USD
CY2016Q3 us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
0 USD
us-gaap Unrealized Gain Loss On Hybrid Instrument Net
UnrealizedGainLossOnHybridInstrumentNet
0 USD
CY2015Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
211414368 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
211460840 shares
CY2016Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
238401343 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
232036802 shares
us-gaap Nature Of Operations
NatureOfOperations
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:underline;"></font><font style="font-family:Times New Roman;font-size:10pt;color:#000000;font-style:normal;font-weight:bold;text-decoration:underline;">Organization and Operations</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">American Homes 4 Rent (the &#8220;Company,&#8221; &#8220;we,&#8221; &#8220;our&#8221; and &#8220;us&#8221;) is a Maryland real estate investment trust (&#8220;REIT&#8221;) formed on October&#160;19, 2012. We are focused on acquiring, renovating, leasing and operating single-family homes as rental properties. As of </font><font style="font-family:inherit;font-size:10pt;">September&#160;30, 2016</font><font style="font-family:inherit;font-size:10pt;">, the Company held </font><font style="font-family:inherit;font-size:10pt;">48,153</font><font style="font-family:inherit;font-size:10pt;"> single-family properties in </font><font style="font-family:inherit;font-size:10pt;">22</font><font style="font-family:inherit;font-size:10pt;"> states, including </font><font style="font-family:inherit;font-size:10pt;">1,238</font><font style="font-family:inherit;font-size:10pt;"> properties held for sale.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">From our formation through June&#160;10, 2013, we were externally managed and advised by American Homes 4 Rent Advisor, LLC (the &#8220;Advisor&#8221;) and the leasing, managing and advertising of our properties was overseen and directed by American Homes 4 Rent Management Holdings, LLC (the &#8220;Property Manager&#8221;), both of which were subsidiaries of American Homes 4 Rent, LLC (&#8220;AH LLC&#8221;). On June&#160;10, 2013, we acquired the Advisor and the Property Manager from AH LLC in exchange for </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">4,375,000</font><font style="font-family:inherit;font-size:10pt;"> Series&#160;D units and </font><font style="font-family:inherit;font-size:10pt;background-color:#ffffff;">4,375,000</font><font style="font-family:inherit;font-size:10pt;"> Series&#160;E units in American Homes 4 Rent, L.P. (the &#8220;operating partnership&#8221;), therefore internalizing our management including all administrative, financial, property management, marketing and leasing personnel, including executive management. The Company consolidates the Advisor and the Property Manager and the results of these operations are reflected in the condensed consolidated financial statements.</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Previously, AH LLC exercised control over the Company through the contractual rights provided to the Advisor through an advisory management agreement. Accordingly, the contribution of certain properties by AH LLC to the Company have been deemed to be transactions between entities under common control, and as such, the accounts relating to the properties contributed have been recorded by us as if they had been acquired by us on the dates such properties were acquired by AH LLC. Accordingly, the condensed consolidated financial statements include AH LLC&#8217;s historical carrying values of the properties that had been acquired by AH LLC. Effective August 31, 2016, AH LLC was liquidated and its ownership interests in the operating partnership were distributed to its members.</font></div></div>

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