2019 Q2 Form 10-Q Financial Statement

#000091591219000018 Filed on August 06, 2019

View on sec.gov

Income Statement

Concept 2019 Q2 2018 Q2
Revenue $577.3M $569.2M
YoY Change 1.41% 7.3%
Cost Of Revenue $195.1M $190.1M
YoY Change 2.63% 5.44%
Gross Profit $382.2M $379.2M
YoY Change 0.79% 8.25%
Gross Profit Margin 66.21% 66.62%
Selling, General & Admin $19.00M $16.00M
YoY Change 18.75% 15.11%
% of Gross Profit 4.97% 4.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $162.7M $156.7M
YoY Change 3.83% 10.78%
% of Gross Profit 42.57% 41.32%
Operating Expenses $429.7M $421.0M
YoY Change 2.07% 2.56%
Operating Profit $400.1M $378.4M
YoY Change 5.73% 5.58%
Interest Expense $50.01M $56.59M
YoY Change -11.62% 12.94%
% of Operating Profit 12.5% 14.95%
Other Income/Expense, Net
YoY Change
Pretax Income $168.3M $254.6M
YoY Change -33.89% 54.07%
Income Tax $0.00 $58.00K
% Of Pretax Income 0.0% 0.02%
Net Earnings $168.3M $254.5M
YoY Change -33.88% 54.09%
Net Earnings / Revenue 29.16% 44.72%
Basic Earnings Per Share $1.21 $1.84
Diluted Earnings Per Share $1.21 $1.84
COMMON SHARES
Basic Shares Outstanding 139.1M shares 137.8M shares
Diluted Shares Outstanding 139.6M shares 138.2M shares

Balance Sheet

Concept 2019 Q2 2018 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $244.0M $102.0M
YoY Change 139.22% 92.45%
Cash & Equivalents $243.6M $101.6M
Short-Term Investments
Other Short-Term Assets $167.0M $219.0M
YoY Change -23.74% -17.98%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $411.0M $321.0M
YoY Change 28.04% 0.31%
LONG-TERM ASSETS
Property, Plant & Equipment $18.13B $17.86B
YoY Change 1.52% 4.24%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $209.0M $165.0M
YoY Change 26.67% -2.94%
Other Assets $147.0M $290.0M
YoY Change -49.31% 1.75%
Total Long-Term Assets $18.52B $18.35B
YoY Change 0.93% 4.12%
TOTAL ASSETS
Total Short-Term Assets $411.0M $321.0M
Total Long-Term Assets $18.52B $18.35B
Total Assets $18.93B $18.67B
YoY Change 1.4% 4.05%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $105.0M $93.00M
YoY Change 12.9% -2.11%
Accrued Expenses $425.0M $337.0M
YoY Change 26.11% 8.36%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $807.0M $695.0M
YoY Change 16.12% 5.14%
LONG-TERM LIABILITIES
Long-Term Debt $7.372B $7.571B
YoY Change -2.63% 8.28%
Other Long-Term Liabilities $1.000M $1.000M
YoY Change 0.0%
Total Long-Term Liabilities $7.373B $7.572B
YoY Change -2.63% 8.3%
TOTAL LIABILITIES
Total Short-Term Liabilities $807.0M $695.0M
Total Long-Term Liabilities $7.373B $7.572B
Total Liabilities $8.179B $8.267B
YoY Change -1.07% 8.03%
SHAREHOLDERS EQUITY
Retained Earnings $262.5M $179.1M
YoY Change 46.62% 74.62%
Common Stock $1.397M $1.382M
YoY Change 1.09% 0.07%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.75B $10.40B
YoY Change
Total Liabilities & Shareholders Equity $18.93B $18.67B
YoY Change 1.4% 4.05%

Cashflow Statement

Concept 2019 Q2 2018 Q2
OPERATING ACTIVITIES
Net Income $168.3M $254.5M
YoY Change -33.88% 54.09%
Depreciation, Depletion And Amortization $162.7M $156.7M
YoY Change 3.83% 10.78%
Cash From Operating Activities $275.9M $309.4M
YoY Change -10.83% 9.64%
INVESTING ACTIVITIES
Capital Expenditures -$374.7M -$325.2M
YoY Change 15.22% 27.73%
Acquisitions
YoY Change
Other Investing Activities $97.80M $327.8M
YoY Change -70.16% 38.78%
Cash From Investing Activities -$276.8M $2.600M
YoY Change -10746.15% -114.13%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 135.8M -233.5M
YoY Change -158.16% 12.58%
NET CHANGE
Cash From Operating Activities 275.9M 309.4M
Cash From Investing Activities -276.8M 2.600M
Cash From Financing Activities 135.8M -233.5M
Net Change In Cash 134.9M 78.50M
YoY Change 71.85% 39.18%
FREE CASH FLOW
Cash From Operating Activities $275.9M $309.4M
Capital Expenditures -$374.7M -$325.2M
Free Cash Flow $650.6M $634.6M
YoY Change 2.52% 18.22%

Facts In Submission

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NetIncomeLossAvailableToCommonStockholdersBasic
168281000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
254662000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
338647000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
396305000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-2888000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
0 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-10119000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
11499000 USD
CY2019Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1611000 USD
CY2018Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1455000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3079000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3213000 USD
CY2019Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
167004000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
256117000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
331607000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
411017000 USD
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.87
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.87
us-gaap Profit Loss
ProfitLoss
338723000 USD
us-gaap Profit Loss
ProfitLoss
396133000 USD
us-gaap Depreciation
Depreciation
324749000 USD
us-gaap Depreciation
Depreciation
315743000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3565000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
849000 USD
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4042000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-509000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1039000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
13719000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
10127000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-10131000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-3143000 USD
avb Casualty Gainand Impairment Loss Net Operating Activities
CasualtyGainandImpairmentLossNetOperatingActivities
0 USD
avb Casualty Gainand Impairment Loss Net Operating Activities
CasualtyGainandImpairmentLossNetOperatingActivities
-58000 USD
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
1285000 USD
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
725000 USD
us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
3079000 USD
us-gaap Derivative Instruments Loss Reclassified From Accumulated Oci Into Income Effective Portion
DerivativeInstrumentsLossReclassifiedFromAccumulatedOCIIntoIncomeEffectivePortion
3213000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
35665000 USD
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
105524000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
24241000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3875000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
1624000 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-260000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
638267000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
625297000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
560385000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
604540000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
152260000 USD
us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
48006000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
37081000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
4222000 USD
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1896000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
7562000 USD
us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
7421000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
168034000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
299226000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
0 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
58000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
507000 USD
us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
2291000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
978000 USD
us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
27511000 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
0 USD
us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
2013000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
1218000 USD
us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
7102000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-590024000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-316681000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
206193000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
833000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
415295000 USD
us-gaap Payments Of Dividends
PaymentsOfDividends
399070000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
137653000 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
59314000 USD
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
449803000 USD
us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
299442000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
10668000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3345000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
535000 USD
us-gaap Repayments Of Long Term Capital Lease Obligations
RepaymentsOfLongTermCapitalLeaseObligations
535000 USD
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
12309000 USD
us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
-12598000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
337000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14286000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
10524000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
23000 USD
us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
22000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
227000 USD
us-gaap Payments For Proceeds From Real Estate Partnership Investment Net
PaymentsForProceedsFromRealEstatePartnershipInvestmentNet
208000 USD
avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1400000 USD
avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
480000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
63937000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-160625000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
112180000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
147991000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
217864000 USD
CY2017Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
201906000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330044000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
349897000 USD
us-gaap Interest Paid Net
InterestPaidNet
88948000 USD
us-gaap Interest Paid Net
InterestPaidNet
95204000 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
243576000 USD
CY2018Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
101565000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
86468000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
248332000 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
330044000 USD
CY2018Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
349897000 USD
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
1092 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
208000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
75195 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
14206000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
250000 USD
us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
-4198000 USD
us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
18000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3079000 USD
us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
1135 shares
us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
190000 USD
us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
67854 shares
us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
10524000 USD
us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
648000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3213000 USD
CY2019Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
273 community
CY2019Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
79161 home
CY2019Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
12 state
CY2019Q2 avb Number Of Communities With Apartments Under Reconstruction
NumberOfCommunitiesWithApartmentsUnderReconstruction
7 community
CY2019Q2 avb Number Of Apartment Homes Under Reconstruction
NumberOfApartmentHomesUnderReconstruction
3026 home
CY2019Q2 avb Number Of Owned Communities Under Construction
NumberOfOwnedCommunitiesUnderConstruction
21 community
CY2019Q2 avb Expected Aggregate Number Of Apartment Homes To Be Constructed
ExpectedAggregateNumberOfApartmentHomesToBeConstructed
7023 home
CY2019Q2 avb Additional Numberof Communities Expected To Be Developed
AdditionalNumberofCommunitiesExpectedToBeDeveloped
28 community
CY2019Q2 avb Estimated Number Of Apartment Homes In Communities Expected To Be Developed
EstimatedNumberOfApartmentHomesInCommunitiesExpectedToBeDeveloped
9004 home
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139113390 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137840045 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138724479 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137802461 shares
CY2019Q2 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2018Q2 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2019Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
497341 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
367465 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
495397 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
374334 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139618231 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138215010 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139227376 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138184295 shares
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168281000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
254662000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
338647000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
396305000 USD
CY2019Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
435000 USD
CY2018Q2 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
727000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
935000 USD
us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1167000 USD
CY2019Q2 us-gaap Undistributed Earnings
UndistributedEarnings
167846000 USD
CY2018Q2 us-gaap Undistributed Earnings
UndistributedEarnings
253935000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
337712000 USD
us-gaap Undistributed Earnings
UndistributedEarnings
395138000 USD
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139113390 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137840045 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
138724479 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
137802461 shares
CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.21
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.84
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.43
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.87
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168281000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
254662000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
338647000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
396305000 USD
CY2019Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-12000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-11000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-23000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-22000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
168293000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
254673000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
338670000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
396327000 USD
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139618231 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138215010 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139227376 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
138184295 shares
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.21
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.84
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.43
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.87
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Use of Estimates</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with GAAP requires management to make certain estimates and assumptions. These estimates and assumptions affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements and the reported amounts of revenue and expenses during the reporting periods.  Actual results could differ from those estimates.</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-style:italic;">Reclassifications</span></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;"><br/></span></div>Certain reclassifications have been made to amounts in prior years' notes to financial statements to conform to current year presentations as a result of changes in held for sale classification, disposition activity and segment classification.
CY2019Q2 us-gaap Pledged Assets Not Separately Reported Real Estate
PledgedAssetsNotSeparatelyReportedRealEstate
1667725000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
34716000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
27731000 USD
CY2019Q2 us-gaap Notes Payable
NotesPayable
7414889000 USD
CY2018Q4 us-gaap Notes Payable
NotesPayable
7102355000 USD
CY2019Q2 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2018Q4 us-gaap Line Of Credit
LineOfCredit
0 USD
CY2019Q2 us-gaap Long Term Debt
LongTermDebt
7414889000 USD
CY2018Q4 us-gaap Long Term Debt
LongTermDebt
7102355000 USD
CY2019Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
17127000 USD
CY2018Q2 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
14567000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10632606000 USD
CY2019Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
170366000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-7231000 USD
CY2019Q1 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1468000 USD
CY2019Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-224000 USD
CY2019Q1 us-gaap Dividends Common Stock
DividendsCommonStock
212166000 USD
CY2019Q1 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
141319000 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7861000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10733999000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
168281000 USD
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58000 USD
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0 USD
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0 USD
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0 USD
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20530000 USD
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CY2019Q2 us-gaap Gain Loss On Sale Of Other Assets
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34000 USD
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370000 USD
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300000 USD
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1495000 USD
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19680000 USD
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4077000 USD
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40377000 USD
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2591000 USD
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30024000 USD
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7193000 USD
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61857000 USD
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1096000 USD
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10344000 USD
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3116000 USD
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21480000 USD
CY2019Q2 avb Disposal Group Not Discontinued Operation Net Operating Income From Assets Heldfor Sale Not Classifiedas Discontinued Operations
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1495000 USD
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19680000 USD
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4077000 USD
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40377000 USD
CY2018Q2 us-gaap Provision For Doubtful Accounts
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3576000 USD
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7611000 USD
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403675000 USD
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22841879000 USD
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378406000 USD
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21193326000 USD
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9843000 USD
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5374000 USD
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5490000 USD
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954000 USD
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2252000 USD
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1841000 USD
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12309000 USD
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P10Y
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-3079000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
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-3213000 USD

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