2023 Q1 Form 10-K Financial Statement

#000091591223000004 Filed on February 24, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $674.7M $669.7M $2.593B
YoY Change 9.9% 11.39% 13.01%
Cost Of Revenue $239.3M $229.1M $919.1M
YoY Change 7.78% 8.57% 7.63%
Gross Profit $435.4M $440.5M $1.674B
YoY Change 11.1% 12.91% 16.2%
Gross Profit Margin 64.53% 65.78% 64.56%
Selling, General & Admin $20.40M $20.74M $74.06M
YoY Change 17.1% 25.85% 6.4%
% of Gross Profit 4.69% 4.71% 4.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $204.7M $207.2M $815.0M
YoY Change 1.47% 5.17% 7.43%
% of Gross Profit 47.03% 47.04% 48.67%
Operating Expenses $225.1M $228.0M $889.0M
YoY Change 2.71% 6.77% 7.35%
Operating Profit $465.0M $212.6M $1.766B
YoY Change 11.18% 20.34% 16.58%
Interest Expense $56.82M -$50.64M $230.1M
YoY Change 0.52% 1.11% 4.38%
% of Operating Profit 12.22% -23.82% 13.03%
Other Income/Expense, Net -$2.992M -$16.57M
YoY Change 203.14% 412.69%
Pretax Income $150.3M $247.8M $1.151B
YoY Change -43.17% -27.02% 13.96%
Income Tax $3.560M $6.683M $14.65M
% Of Pretax Income 2.37% 2.7% 1.27%
Net Earnings $146.8M $240.9M $1.136B
YoY Change -44.0% -28.15% 13.15%
Net Earnings / Revenue 21.75% 35.97% 43.82%
Basic Earnings Per Share $1.05 $8.13
Diluted Earnings Per Share $1.05 $1.72 $8.12
COMMON SHARES
Basic Shares Outstanding 139.9M shares 139.9M shares 139.6M shares
Diluted Shares Outstanding 140.0M shares 140.0M shares

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $254.5M $613.2M $613.2M
YoY Change -25.91% 45.91% 45.91%
Cash & Equivalents $254.5M $613.2M $613.2M
Short-Term Investments
Other Short-Term Assets $297.0M $247.5M $247.5M
YoY Change 36.66% 17.01% 17.01%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $551.5M $860.7M $860.7M
YoY Change -1.66% 36.24% 36.24%
LONG-TERM ASSETS
Property, Plant & Equipment $19.18B $19.17B $19.17B
YoY Change 1.52% 1.66% 1.66%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $219.1M $212.1M $212.1M
YoY Change 0.03% -1.99% -1.99%
Other Assets $185.9M $179.5M $179.5M
YoY Change 15.41% 9.51% 9.51%
Total Long-Term Assets $19.62B $19.60B $19.60B
YoY Change 1.63% 1.7% 1.7%
TOTAL ASSETS
Total Short-Term Assets $551.5M $860.7M $860.7M
Total Long-Term Assets $19.62B $19.60B $19.60B
Total Assets $20.17B $20.46B $20.46B
YoY Change 1.54% 2.79% 2.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $84.98M $72.80M $72.80M
YoY Change 27.13% 14.25% 14.25%
Accrued Expenses $533.5M $502.9M $502.9M
YoY Change 4.36% 2.07% 2.07%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $916.0M $865.4M $865.4M
YoY Change 6.03% 2.83% 2.83%
LONG-TERM LIABILITIES
Long-Term Debt $8.087B $8.336B $8.336B
YoY Change 0.77% 2.62% 2.62%
Other Long-Term Liabilities $0.00 $0.00
YoY Change -100.0% -100.0%
Total Long-Term Liabilities $8.087B $8.336B $8.336B
YoY Change 0.77% 2.61% 2.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $916.0M $865.4M $865.4M
Total Long-Term Liabilities $8.087B $8.336B $8.336B
Total Liabilities $9.003B $9.202B $9.204B
YoY Change 1.28% 2.63% 2.62%
SHAREHOLDERS EQUITY
Retained Earnings $401.9M $485.2M
YoY Change 44.07% 101.49%
Common Stock $1.401M $1.400M
YoY Change 0.14% 0.14%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.17B $11.25B $11.25B
YoY Change
Total Liabilities & Shareholders Equity $20.17B $20.46B $20.46B
YoY Change 1.54% 2.79% 2.79%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $146.8M $240.9M $1.136B
YoY Change -44.0% -28.15% 13.15%
Depreciation, Depletion And Amortization $204.7M $207.2M $815.0M
YoY Change 1.47% 5.17% 7.43%
Cash From Operating Activities $396.1M $341.5M $1.422B
YoY Change 15.26% 17.18% 18.18%
INVESTING ACTIVITIES
Capital Expenditures $263.8M $367.6M $1.633B
YoY Change -173.41% -161.23% -203.35%
Acquisitions
YoY Change
Other Investing Activities -$3.496M $155.7M $1.072B
YoY Change -101.3% -46.7% 12.2%
Cash From Investing Activities -$267.3M -$211.9M -$560.4M
YoY Change 196.38% -31.26% -10.2%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$20.02M
YoY Change -37.19%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -$487.0M 117.6M -$671.1M
YoY Change 43.28% -5.81% 92.36%
NET CHANGE
Cash From Operating Activities $396.1M 341.5M $1.422B
Cash From Investing Activities -$267.3M -211.9M -$560.4M
Cash From Financing Activities -$487.0M 117.6M -$671.1M
Net Change In Cash -$358.2M 247.1M $190.5M
YoY Change 314.67% 128.95% -17.28%
FREE CASH FLOW
Cash From Operating Activities $396.1M $341.5M $1.422B
Capital Expenditures $263.8M $367.6M $1.633B
Free Cash Flow $132.3M -$26.14M -$210.8M
YoY Change -81.19% -102.93% -107.58%

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CY2022 avb Gain Loss On Sale Of Other Investments Net Of Marketing And Administrative Costs
GainLossOnSaleOfOtherInvestmentsNetOfMarketingAndAdministrativeCosts
88000 usd
CY2021 avb Gain Loss On Sale Of Other Investments Net Of Marketing And Administrative Costs
GainLossOnSaleOfOtherInvestmentsNetOfMarketingAndAdministrativeCosts
-977000 usd
CY2020 avb Gain Loss On Sale Of Other Investments Net Of Marketing And Administrative Costs
GainLossOnSaleOfOtherInvestmentsNetOfMarketingAndAdministrativeCosts
2551000 usd
CY2022 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1151084000 usd
CY2021 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
1010089000 usd
CY2020 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
824459000 usd
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14646000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5733000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3247000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1136438000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1004356000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
827706000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-337000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
57000 usd
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
76000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1136775000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1004299000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
827630000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
23647000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
993000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-17731000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3883000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-13151000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-8984000 usd
CY2022 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1164305000 usd
CY2021 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
1018443000 usd
CY2020 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
818883000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.13
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.19
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.89
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.12
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.19
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.89
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10990198000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
827630000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-17731000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-8984000 usd
CY2020 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
210000 usd
CY2020 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-58000 usd
CY2020 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.36
CY2020 us-gaap Dividends Common Stock
DividendsCommonStock
893152000 usd
CY2020 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-10997000 usd
CY2020 us-gaap Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
183876000 usd
CY2020 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
30966000 usd
CY2020Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10752174000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1004299000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
993000 usd
CY2021 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-13151000 usd
CY2021 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-1022000 usd
CY2021 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-25000 usd
CY2021 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.36
CY2021 us-gaap Dividends Common Stock
DividendsCommonStock
889405000 usd
CY2021 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
18977000 usd
CY2021 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
33951000 usd
CY2021Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
10933093000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1136775000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
23647000 usd
CY2022 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3883000 usd
CY2022 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-105000 usd
CY2022 us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
-489000 usd
CY2022 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
6.36
CY2022 us-gaap Dividends Common Stock
DividendsCommonStock
890809000 usd
CY2022 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
3118000 usd
CY2022 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
44440000 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11253553000 usd
CY2022 us-gaap Profit Loss
ProfitLoss
1136438000 usd
CY2021 us-gaap Profit Loss
ProfitLoss
1004356000 usd
CY2020 us-gaap Profit Loss
ProfitLoss
827706000 usd
CY2022 us-gaap Depreciation
Depreciation
814978000 usd
CY2021 us-gaap Depreciation
Depreciation
758596000 usd
CY2020 us-gaap Depreciation
Depreciation
707331000 usd
CY2022 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
8432000 usd
CY2021 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7462000 usd
CY2020 us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
7454000 usd
CY2022 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2786000 usd
CY2021 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2681000 usd
CY2020 us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1880000 usd
CY2022 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1646000 usd
CY2021 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-17787000 usd
CY2020 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-9333000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
33864000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
25505000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
21603000 usd
CY2022 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-5255000 usd
CY2021 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
108000 usd
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-8673000 usd
CY2022 avb Casualty Gain And Impairment Loss Net Operating Activities
CasualtyGainAndImpairmentLossNetOperatingActivities
0 usd
CY2021 avb Casualty Gain And Impairment Loss Net Operating Activities
CasualtyGainAndImpairmentLossNetOperatingActivities
1723000 usd
CY2020 avb Casualty Gain And Impairment Loss Net Operating Activities
CasualtyGainAndImpairmentLossNetOperatingActivities
0 usd
CY2022 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
5599000 usd
CY2021 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
685000 usd
CY2020 us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
9262000 usd
CY2022 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
0 usd
CY2021 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2654000 usd
CY2020 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
2894000 usd
CY2022 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-3883000 usd
CY2021 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-7887000 usd
CY2020 us-gaap Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
-8984000 usd
CY2022 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
598741000 usd
CY2021 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
627637000 usd
CY2020 us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
346041000 usd
CY2022 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
2217000 usd
CY2021 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
3110000 usd
CY2020 us-gaap Gain Loss On Sale Of Other Investments
GainLossOnSaleOfOtherInvestments
8213000 usd
CY2022 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
7167000 usd
CY2021 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
-5505000 usd
CY2020 us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
28675000 usd
CY2022 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
17176000 usd
CY2021 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
4492000 usd
CY2020 us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
3212000 usd
CY2022 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1421932000 usd
CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1203170000 usd
CY2020 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1219615000 usd
CY2022 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
921203000 usd
CY2021 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
654861000 usd
CY2020 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
843907000 usd
CY2022 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
536838000 usd
CY2021 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
771692000 usd
CY2020 us-gaap Payments To Acquire Other Real Estate
PaymentsToAcquireOtherRealEstate
0 usd
CY2022 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
160313000 usd
CY2021 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
142688000 usd
CY2020 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
108531000 usd
CY2022 avb Payments For Capital Improvements Non Real Estate
PaymentsForCapitalImprovementsNonRealEstate
14392000 usd
CY2021 avb Payments For Capital Improvements Non Real Estate
PaymentsForCapitalImprovementsNonRealEstate
10547000 usd
CY2020 avb Payments For Capital Improvements Non Real Estate
PaymentsForCapitalImprovementsNonRealEstate
28505000 usd
CY2022 us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
9080000 usd
CY2021 us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
-29887000 usd
CY2020 us-gaap Increase Decrease In Construction Payables
IncreaseDecreaseInConstructionPayables
1474000 usd
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
934117000 usd
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
850230000 usd
CY2020 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
619773000 usd
CY2022 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
117266000 usd
CY2021 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
124532000 usd
CY2020 us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
202033000 usd
CY2022 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
29352000 usd
CY2021 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
1210000 usd
CY2020 us-gaap Payments To Acquire Mortgage Notes Receivable
PaymentsToAcquireMortgageNotesReceivable
258000 usd
CY2022 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
4021000 usd
CY2021 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
2435000 usd
CY2020 us-gaap Proceeds From Sale And Collection Of Notes Receivable
ProceedsFromSaleAndCollectionOfNotesReceivable
3419000 usd
CY2022 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
51464000 usd
CY2021 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
63171000 usd
CY2020 us-gaap Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
11157000 usd
CY2022 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
14269000 usd
CY2021 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
53536000 usd
CY2020 us-gaap Payments To Acquire Businesses And Interest In Affiliates
PaymentsToAcquireBusinessesAndInterestInAffiliates
36088000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-560419000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-624053000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-179433000 usd
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
20020000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
31874000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
3464000 usd
CY2022 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2021 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
0 usd
CY2020 us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
183876000 usd
CY2022 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
889607000 usd
CY2021 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
888344000 usd
CY2020 us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
883212000 usd
CY2022 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 usd
CY2021 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
0 usd
CY2020 us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
51000000 usd
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
43332000 usd
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
109562000 usd
CY2020 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
126712000 usd
CY2022 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
348565000 usd
CY2021 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
1098643000 usd
CY2020 us-gaap Proceeds From Unsecured Notes Payable
ProceedsFromUnsecuredNotesPayable
1296581000 usd
CY2022 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
100000000 usd
CY2021 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
462147000 usd
CY2020 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
958680000 usd
CY2022 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
14301000 usd
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
8864000 usd
CY2020 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
11277000 usd
CY2022 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
-26869000 usd
CY2021 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
-4751000 usd
CY2020 us-gaap Payments For Proceeds From Hedge Financing Activities
PaymentsForProceedsFromHedgeFinancingActivities
25135000 usd
CY2022 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-997000 usd
CY2021 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-55000 usd
CY2020 us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
-68000 usd
CY2022 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
16989000 usd
CY2021 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
13463000 usd
CY2020 us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
14917000 usd
CY2022 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
48000 usd
CY2021 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
48000 usd
CY2020 us-gaap Payments Of Capital Distribution
PaymentsOfCapitalDistribution
48000 usd
CY2022 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
376000 usd
CY2021 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
306000 usd
CY2020 us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
384000 usd
CY2022 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
860000 usd
CY2021 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1340000 usd
CY2020 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1000000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-671056000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-348861000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-854264000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
190457000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
230256000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
185918000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
543788000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
313532000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
313532000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
127614000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
734245000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
543788000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
313532000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
212241000 usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
203773000 usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
196848000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
613189000 usd
CY2021Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
420251000 usd
CY2020Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
216976000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
121056000 usd
CY2021Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
123537000 usd
CY2020Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
96556000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
734245000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
543788000 usd
CY2022 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2810 shares
CY2022 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
593000 usd
CY2022 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
72783 shares
CY2022 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
16989000 usd
CY2022 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
791000 usd
CY2021 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2844 shares
CY2021 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
566000 usd
CY2021 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
75780 shares
CY2021 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
13463000 usd
CY2021 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
804000 usd
CY2021 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
3204000 usd
CY2020 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2747 shares
CY2020 us-gaap Stock Issued During Period Value Dividend Reinvestment Plan
StockIssuedDuringPeriodValueDividendReinvestmentPlan
458000 usd
CY2020 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
74173 shares
CY2020 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
AdjustmentsRelatedToTaxWithholdingForShareBasedCompensation
14919000 usd
CY2020 us-gaap Stock Issued During Period Value Share Based Compensation Forfeited
StockIssuedDuringPeriodValueShareBasedCompensationForfeited
1240000 usd
CY2020 us-gaap Increase Decrease In Derivative Liabilities
IncreaseDecreaseInDerivativeLiabilities
4308000 usd
CY2020 us-gaap Increase Decrease In Derivative Assets
IncreaseDecreaseInDerivativeAssets
1413000 usd
CY2020 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-8984000 usd
CY2022Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
294 community
CY2022Q4 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
88475 home
CY2022Q4 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
12 state
CY2022Q4 avb Number Of Owned Communities Under Construction
NumberOfOwnedCommunitiesUnderConstruction
18 community
CY2022Q4 avb Number Of Owned Communities Under Reconstruction
NumberOfOwnedCommunitiesUnderReconstruction
1 community
CY2022Q4 avb Additional Numberof Communities Expected To Be Developed
AdditionalNumberofCommunitiesExpectedToBeDeveloped
39 community
CY2022Q4 avb Estimated Number Of Apartment Homes In Communities Expected To Be Developed
EstimatedNumberOfApartmentHomesInCommunitiesExpectedToBeDeveloped
13312 home
CY2022 avb Minimum Percentage Of Distribution Of Adjusted Taxable Income For Deducting Dividends From Federally Taxable Income
MinimumPercentageOfDistributionOfAdjustedTaxableIncomeForDeductingDividendsFromFederallyTaxableIncome
0.90
CY2022 avb Minimum Percentage Of Distribution Of Reit Taxable Income For Federal Income Tax Exemption
MinimumPercentageOfDistributionOfREITTaxableIncomeForFederalIncomeTaxExemption
1
CY2022 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
14646000 usd
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
5733000 usd
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-3247000 usd
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0 usd
CY2022 avb Common Stock Dividends Ordinary Taxable Distribution Percentage
CommonStockDividendsOrdinaryTaxableDistributionPercentage
0.82
CY2021 avb Common Stock Dividends Ordinary Taxable Distribution Percentage
CommonStockDividendsOrdinaryTaxableDistributionPercentage
0.55
CY2020 avb Common Stock Dividends Ordinary Taxable Distribution Percentage
CommonStockDividendsOrdinaryTaxableDistributionPercentage
0.66
CY2022 avb Capital Gain Tax Rate
CapitalGainTaxRate
0.20
CY2021 avb Capital Gain Tax Rate
CapitalGainTaxRate
0.20
CY2020 avb Capital Gain Tax Rate
CapitalGainTaxRate
0.20
CY2022 avb Common Stock Dividends Long Term Capital Gain Percentage
CommonStockDividendsLongTermCapitalGainPercentage
0.15
CY2021 avb Common Stock Dividends Long Term Capital Gain Percentage
CommonStockDividendsLongTermCapitalGainPercentage
0.26
CY2020 avb Common Stock Dividends Long Term Capital Gain Percentage
CommonStockDividendsLongTermCapitalGainPercentage
0.24
CY2022 avb Common Stock Dividends Unrecaptured Section1250 Gain Percentage
CommonStockDividendsUnrecapturedSection1250GainPercentage
0.03
CY2021 avb Common Stock Dividends Unrecaptured Section1250 Gain Percentage
CommonStockDividendsUnrecapturedSection1250GainPercentage
0.19
CY2020 avb Common Stock Dividends Unrecaptured Section1250 Gain Percentage
CommonStockDividendsUnrecapturedSection1250GainPercentage
0.10
CY2022 avb Common Stock Dividends Percentage
CommonStockDividendsPercentage
1
CY2021 avb Common Stock Dividends Percentage
CommonStockDividendsPercentage
1
CY2020 avb Common Stock Dividends Percentage
CommonStockDividendsPercentage
1
CY2022 us-gaap Derivatives Methods Of Accounting Hedging Derivatives
DerivativesMethodsOfAccountingHedgingDerivatives
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Interest Rate Contracts</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company utilizes derivative financial instruments to manage interest rate risk. See Note 11, “Fair Value,” for further discussion of derivative financial instruments.</span></div>
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139634294 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139389433 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140094722 shares
CY2022 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2021 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2020 us-gaap Weighted Average Number Of Limited Partnership And General Partnership Unit Outstanding Basic And Diluted
WeightedAverageNumberOfLimitedPartnershipAndGeneralPartnershipUnitOutstandingBasicAndDiluted
7500 shares
CY2022 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
333293 shares
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
320466 shares
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
332973 shares
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139975087 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139717399 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140435195 shares
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1136775000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1004299000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
827630000 usd
CY2022 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2091000 usd
CY2021 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
2100000 usd
CY2020 us-gaap Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
1955000 usd
CY2022 us-gaap Undistributed Earnings
UndistributedEarnings
1134684000 usd
CY2021 us-gaap Undistributed Earnings
UndistributedEarnings
1002199000 usd
CY2020 us-gaap Undistributed Earnings
UndistributedEarnings
825675000 usd
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139634294 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
139389433 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
140094722 shares
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
8.13
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.19
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
5.89
CY2022 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1136775000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
1004299000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
827630000 usd
CY2022 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-48000 usd
CY2021 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-48000 usd
CY2020 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
-48000 usd
CY2022 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1136823000 usd
CY2021 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
1004347000 usd
CY2020 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
827678000 usd
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139975087 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
139717399 shares
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
140435195 shares
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
8.12
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.19
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
5.89
CY2022 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
291881 shares
CY2022 avb Business Combination Acquisition Related Costs Abandoned Pursuit Costs
BusinessCombinationAcquisitionRelatedCostsAbandonedPursuitCosts
16565000 usd
CY2021 avb Business Combination Acquisition Related Costs Abandoned Pursuit Costs
BusinessCombinationAcquisitionRelatedCostsAbandonedPursuitCosts
2192000 usd
CY2020 avb Business Combination Acquisition Related Costs Abandoned Pursuit Costs
BusinessCombinationAcquisitionRelatedCostsAbandonedPursuitCosts
12317000 usd
CY2021 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2022 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2020 us-gaap Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
0 usd
CY2020 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2022 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2021 us-gaap Impairment Of Investments
ImpairmentOfInvestments
0 usd
CY2022Q4 avb Number Of Communities Held For Sale
NumberOfCommunitiesHeldForSale
0 community
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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>
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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.</span></div>
CY2022 us-gaap Revenue Recognition Leases
RevenueRecognitionLeases
<div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Uncollectible Lease Revenue Reserves </span></div><div><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company assesses the collectability of its lease revenue and receivables on an on-going basis by (i) assessing the probability of receiving all lease amounts due on a lease by lease basis, (ii) reserving all amounts for those leases where collection of substantially all of the remaining lease payments is not probable and (iii) subsequently, will only recognize revenue to the extent cash is received. If the Company determines that collection of the remaining lease payments becomes probable at a future date, the Company will recognize the cumulative revenue that would have been recorded under the original lease agreement.</span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">In addition to the specific reserves recognized under ASC 842, the Company also evaluates its lease receivables for collectability at a portfolio level under ASC 450, Contingencies – Loss Contingencies. The Company recognizes a reserve under ASC 450 when the uncollectible revenue is probable and reasonably estimable. The Company applies this reserve to the population of the Company’s revenue and receivables not specifically addressed as part of the specific ASC 842 reserve. </span></div><div style="text-align:justify"><span><br/></span></div><div style="text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The Company recorded an aggregate offset to income for uncollectible lease revenue, net of amounts received from government rent relief programs, for its residential and commercial portfolios of $49,147,000, $52,075,000 and $66,763,000 for the years ended December 31, 2022, 2021 and 2020 under ASC 842 and ASC 450.</span></div>
CY2022 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
49147000 usd
CY2021 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
52075000 usd
CY2020 us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
66763000 usd
CY2022 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
34854000 usd
CY2021 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
32687000 usd
CY2020 us-gaap Interest Costs Capitalized
InterestCostsCapitalized
44157000 usd
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2021Q4 us-gaap Line Of Credit
LineOfCredit
0 usd
CY2022Q4 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2021Q4 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2022Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8377827000 usd
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.034
CY2021Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8170431000 usd
CY2021Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.031
CY2022Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
61782000 usd
CY2021Q4 us-gaap Debt Instrument Unamortized Discount Premium And Debt Issuance Costs Net
DebtInstrumentUnamortizedDiscountPremiumAndDebtIssuanceCostsNet
66884000 usd
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
8316045000 usd
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
8103547000 usd
CY2022Q4 avb Commercial Paper Maximum Borrowing Capacity
CommercialPaperMaximumBorrowingCapacity
500000000 usd
CY2022Q4 us-gaap Commercial Paper
CommercialPaper
0 usd
CY2022 us-gaap Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
1
CY2021Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2022Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
280000000 shares
CY2021Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
8670 shares
CY2022 us-gaap Stock Issued During Period Shares Dividend Reinvestment Plan
StockIssuedDuringPeriodSharesDividendReinvestmentPlan
2810 shares
CY2022 us-gaap Shares Paid For Tax Withholding For Share Based Compensation
SharesPaidForTaxWithholdingForShareBasedCompensation
72783 shares
CY2022 us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
20837 shares
CY2022 us-gaap Stock Issued During Period Shares Share Based Compensation Forfeited
StockIssuedDuringPeriodSharesShareBasedCompensationForfeited
3701 shares
CY2022 us-gaap Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
0 shares
CY2022Q4 us-gaap Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
316148000 usd
CY2022 us-gaap Forward Contract Indexed To Issuers Equity Shares
ForwardContractIndexedToIssuersEquityShares
2000000 shares
CY2022Q4 us-gaap Forward Contract Indexed To Equity Settlement Share Fair Value Per Share
ForwardContractIndexedToEquitySettlementShareFairValuePerShare
247.30
CY2022 avb Forward Contract Indexed To Issuers Equity Net Proceeds
ForwardContractIndexedToIssuersEquityNetProceeds
494200000 usd
CY2022 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
860000 usd
CY2021 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1340000 usd
CY2020 avb Payment For Redemption Of Preferred Interest Obligation
PaymentForRedemptionOfPreferredInterestObligation
1000000 usd
CY2022 avb Number Of Communities Acquired
NumberOfCommunitiesAcquired
4 community
CY2022 avb Number Of Apartment Homes Acquired
NumberOfApartmentHomesAcquired
1313 home
CY2022Q4 avb Commercial Square Feet
CommercialSquareFeet
16000 sqft
CY2021 avb Number Of Communities Acquired
NumberOfCommunitiesAcquired
7 community
CY2021 avb Number Of Apartment Homes Acquired
NumberOfApartmentHomesAcquired
1932 home
CY2021Q4 avb Commercial Square Feet
CommercialSquareFeet
90000 sqft
CY2020 avb Number Of Communities Acquired
NumberOfCommunitiesAcquired
0 community
CY2020 avb Number Of Apartment Homes Acquired
NumberOfApartmentHomesAcquired
0 home
CY2020Q4 avb Commercial Square Feet
CommercialSquareFeet
0 sqft
CY2022Q4 avb Other Commitment Number Of Mezzanine Loans
OtherCommitmentNumberOfMezzanineLoans
3 loan
CY2022Q4 us-gaap Other Commitment
OtherCommitment
92375000 usd
CY2022Q4 avb Other Commitments Weighted Average Rate Of Return
OtherCommitmentsWeightedAverageRateOfReturn
0.098
CY2022Q4 avb Other Commitment Outstanding Funding
OtherCommitmentOutstandingFunding
29352000 usd
CY2022Q4 avb Other Commitment Number Of Mezzanine Loans
OtherCommitmentNumberOfMezzanineLoans
3 loan
CY2022Q4 avb Number Of Communities Held For Sale
NumberOfCommunitiesHeldForSale
0 community
CY2022 avb Numberof Residential Condominium Units Sold
NumberofResidentialCondominiumUnitsSold
40 residential_condominium
CY2021 avb Numberof Residential Condominium Units Sold
NumberofResidentialCondominiumUnitsSold
53 residential_condominium
CY2020 avb Numberof Residential Condominium Units Sold
NumberofResidentialCondominiumUnitsSold
70 residential_condominium
CY2022Q4 avb Number Of Residential Condominiums Remaining To Be Sold
NumberOfResidentialCondominiumsRemainingToBeSold
9 residential_condominium
CY2022 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
2129000 usd
CY2021 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
4087000 usd
CY2020 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
5662000 usd
CY2022Q4 us-gaap Inventory Real Estate
InventoryRealEstate
32532000 usd
CY2021Q4 us-gaap Inventory Real Estate
InventoryRealEstate
146535000 usd
CY2020 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
0 usd
CY2021 us-gaap Proceeds From Legal Settlements
ProceedsFromLegalSettlements
0 usd
CY2022Q4 avb Number Of Office Leases
NumberOfOfficeLeases
13 lease
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
114977000 usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
118370000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
142602000 usd
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
146377000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
15667000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
15458000 usd
CY2020 us-gaap Operating Lease Expense
OperatingLeaseExpense
16011000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
28354000 usd
CY2021Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
28229000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20069000 usd
CY2021Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
20120000 usd
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P23Y
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P38Y
CY2022Q4 us-gaap Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
0.0463
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.0462
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
14821000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
14544000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
14482000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
14301000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
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CY2020Q4 us-gaap Real Estate Accumulated Depreciation
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5728440000 usd

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