2023 Q3 Form 10-Q Financial Statement

#000095017023037206 Filed on August 02, 2023

View on sec.gov

Income Statement

Concept 2023 Q3 2023 Q2
Revenue $724.1M $717.3M
YoY Change 4.17% 4.41%
Cost Of Revenue $260.1M $258.5M
YoY Change 3.99% 5.62%
Gross Profit $464.0M $458.8M
YoY Change 4.27% 3.73%
Gross Profit Margin 64.08% 63.96%
Selling, General & Admin $14.09M $18.88M
YoY Change 5.4% 14.94%
% of Gross Profit 3.04% 4.11%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $224.7M $221.4M
YoY Change 4.95% -1.1%
% of Gross Profit 48.44% 48.25%
Operating Expenses $231.9M $240.2M
YoY Change 1.95% 0.0%
Operating Profit $252.0M $218.5M
YoY Change -39.12% -29.49%
Interest Expense -$64.29M -$65.48M
YoY Change -13.02% -10.82%
% of Operating Profit -25.51% -29.96%
Other Income/Expense, Net -$4.958M -$6.564M
YoY Change 32.04% 175.8%
Pretax Income $182.8M $146.4M
YoY Change -45.66% -37.46%
Income Tax $258.0K $336.0K
% Of Pretax Income 0.14% 0.23%
Net Earnings $172.5M $138.4M
YoY Change -46.6% -38.23%
Net Earnings / Revenue 23.82% 19.3%
Basic Earnings Per Share $0.45 $0.37
Diluted Earnings Per Share $0.45 $0.37
COMMON SHARES
Basic Shares Outstanding 379.0M 378.9M
Diluted Shares Outstanding 391.4M 391.2M

Balance Sheet

Concept 2023 Q3 2023 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $39.25M $35.70M
YoY Change -12.36% -20.68%
Cash & Equivalents $39.25M $35.70M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $39.25M $35.70M
YoY Change -12.36% -20.68%
LONG-TERM ASSETS
Property, Plant & Equipment $19.46B $19.25B
YoY Change -0.91% -3.88%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $313.2M $304.7M
YoY Change 22.21% 80.01%
Other Assets $87.48M $88.94M
YoY Change 14.08% 20.78%
Total Long-Term Assets $20.07B $20.11B
YoY Change -0.75% -2.04%
TOTAL ASSETS
Total Short-Term Assets $39.25M $35.70M
Total Long-Term Assets $20.07B $20.11B
Total Assets $20.11B $20.15B
YoY Change -0.77% -2.08%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $165.0M $118.3M
YoY Change -6.18% -0.91%
Accrued Expenses $360.3M $380.1M
YoY Change 0.31% 0.15%
Deferred Revenue
YoY Change
Short-Term Debt $497.6M $184.5M
YoY Change 162.53% -0.26%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.352B $1.011B
YoY Change 30.44% 1.5%
LONG-TERM LIABILITIES
Long-Term Debt $6.982B $7.258B
YoY Change -4.47% -6.74%
Other Long-Term Liabilities $231.7M $294.3M
YoY Change -19.55% 0.7%
Total Long-Term Liabilities $7.213B $7.553B
YoY Change -5.05% -6.47%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.352B $1.011B
Total Long-Term Liabilities $7.213B $7.553B
Total Liabilities $8.565B $9.122B
YoY Change -0.79% 0.56%
SHAREHOLDERS EQUITY
Retained Earnings $1.427B $1.506B
YoY Change -17.87% -8.7%
Common Stock $3.797M $3.790M
YoY Change 0.93% 0.77%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $11.06B $11.02B
YoY Change
Total Liabilities & Shareholders Equity $20.11B $20.15B
YoY Change -0.77% -2.08%

Cashflow Statement

Concept 2023 Q3 2023 Q2
OPERATING ACTIVITIES
Net Income $172.5M $138.4M
YoY Change -46.6% -38.23%
Depreciation, Depletion And Amortization $224.7M $221.4M
YoY Change 4.95% -1.1%
Cash From Operating Activities $442.5M $352.7M
YoY Change 3.07% 9.26%
INVESTING ACTIVITIES
Capital Expenditures $246.1M $297.0M
YoY Change -386.01% -474.7%
Acquisitions
YoY Change
Other Investing Activities $49.04M -$18.00M
YoY Change -86.91% -107.79%
Cash From Investing Activities -$197.1M -$315.0M
YoY Change -168.27% -307.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -243.4M -132.1M
YoY Change -65.97% -71.74%
NET CHANGE
Cash From Operating Activities 442.5M 352.7M
Cash From Investing Activities -197.1M -315.0M
Cash From Financing Activities -243.4M -132.1M
Net Change In Cash 2.085M -94.44M
YoY Change -25.96% -1458.7%
FREE CASH FLOW
Cash From Operating Activities $442.5M $352.7M
Capital Expenditures $246.1M $297.0M
Free Cash Flow $196.4M $55.70M
YoY Change -61.89% -86.15%

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us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
1545000
CY2023Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
773000
CY2022Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
773000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
349693000
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
293321000
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
138430000
CY2022Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
223328000
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.92
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.78
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.37
CY2022Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.59
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378492000
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
375640000
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
378642000
CY2022Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
375769000
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.92
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.78
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.37
CY2022Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.59
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391063000
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389463000
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
391187000
CY2022Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
389363000
us-gaap Profit Loss
ProfitLoss
364933000
us-gaap Profit Loss
ProfitLoss
306476000
CY2023Q2 us-gaap Profit Loss
ProfitLoss
144862000
CY2022Q2 us-gaap Profit Loss
ProfitLoss
232678000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4054000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1259000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
13834000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1259000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2201000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-4881000
CY2023Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-1106000
CY2022Q2 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2456000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
6255000
us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
3622000
CY2023Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
14940000
CY2022Q2 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1197000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
371188000
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
310098000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
159802000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
233875000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
13890000
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
11730000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6135000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
8617000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
357298000
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
298368000
CY2023Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
153667000
CY2022Q2 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
225258000
us-gaap Profit Loss
ProfitLoss
364933000
us-gaap Profit Loss
ProfitLoss
306476000
us-gaap Depreciation
Depreciation
437185000
us-gaap Depreciation
Depreciation
453767000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
3996000
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
4201000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
1740000
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
2891000
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
2195000
us-gaap Amortization Of Deferred Hedge Gains
AmortizationOfDeferredHedgeGains
4875000
eqr Operating And Finance Lease Right Of Use Asset Amortization
OperatingAndFinanceLeaseRightOfUseAssetAmortization
6357000
eqr Operating And Finance Lease Right Of Use Asset Amortization
OperatingAndFinanceLeaseRightOfUseAssetAmortization
6103000
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
1993000
us-gaap Noncash Project Abandonment Costs
NoncashProjectAbandonmentCosts
2515000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2605000
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2429000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
290000
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
164000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
100122000
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
107795000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
-87000
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
2064000
us-gaap Share Based Compensation
ShareBasedCompensation
20845000
us-gaap Share Based Compensation
ShareBasedCompensation
18600000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
13258000
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
2096000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
25424000
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
22615000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-72000
us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
-473000
eqr Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-658000
eqr Increase Decrease In Lease Liabilities
IncreaseDecreaseInLeaseLiabilities
-817000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-8047000
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-23985000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
487000
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
3468000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
745980000
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
690874000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
186676000
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
113046000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
46815000
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
55491000
eqr Payments For Capital Expenditures To Real Estate
PaymentsForCapitalExpendituresToRealEstate
135247000
eqr Payments For Capital Expenditures To Real Estate
PaymentsForCapitalExpendituresToRealEstate
83304000
eqr Non Real Estate Capital Additions
NonRealEstateCapitalAdditions
1043000
eqr Non Real Estate Capital Additions
NonRealEstateCapitalAdditions
981000
eqr Payments Of Interest Capitalized For Real Estate And Unconsolidated Entities Under Development
PaymentsOfInterestCapitalizedForRealEstateAndUnconsolidatedEntitiesUnderDevelopment
6979000
eqr Payments Of Interest Capitalized For Real Estate And Unconsolidated Entities Under Development
PaymentsOfInterestCapitalizedForRealEstateAndUnconsolidatedEntitiesUnderDevelopment
2267000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
133916000
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
255922000
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
989000
eqr Payments To Acquire Equity Method Investments Development And Other
PaymentsToAcquireEquityMethodInvestmentsDevelopmentAndOther
25413000
eqr Payments To Acquire Equity Method Investments Development And Other
PaymentsToAcquireEquityMethodInvestmentsDevelopmentAndOther
48577000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
15000
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
9000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
2500000
us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
1034000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
452000
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
3434000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-271279000
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-45335000
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
228000
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
22896000
us-gaap Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
14586000
eqr Mortgage Notes Payable Lump Sum Pay Offs
MortgageNotesPayableLumpSumPayOffs
64722000
eqr Mortgage Notes Payable Lump Sum Pay Offs
MortgageNotesPayableLumpSumPayOffs
260874000
eqr Repayments Of Mortgage Notes Payable
RepaymentsOfMortgageNotesPayable
54000
eqr Repayments Of Mortgage Notes Payable
RepaymentsOfMortgageNotesPayable
2985000
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
2382619000
us-gaap Proceeds From Issuance Of Commercial Paper
ProceedsFromIssuanceOfCommercialPaper
2836037000
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
2328100000
us-gaap Repayments Of Commercial Paper
RepaymentsOfCommercialPaper
2966121000
eqr Finance Ground Lease Principal Payments
FinanceGroundLeasePrincipalPayments
1329000
eqr Finance Ground Lease Principal Payments
FinanceGroundLeasePrincipalPayments
1229000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2124000
us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans
ProceedsFromIssuanceOfSharesUnderIncentiveAndShareBasedCompensationPlans
2378000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
11358000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
18928000
us-gaap Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
487000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-31000
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-31000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
3737000
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
32178000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
9000
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
603000
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
1000
us-gaap Proceeds From Partnership Contribution
ProceedsFromPartnershipContribution
1000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
487483000
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
461605000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
2319000
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1545000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
15233000
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
15142000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3230000
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
17232000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-487231000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-887124000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-12530000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-241585000
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
137172000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
360236000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124642000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118651000
CY2023Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
35701000
CY2022Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
45010000
CY2023Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
88941000
CY2022Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
73641000
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
124642000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
118651000
us-gaap Interest Paid Net
InterestPaidNet
125518000
us-gaap Interest Paid Net
InterestPaidNet
136787000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
911000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
687000
eqr Amortization Of Deferred Financing Costs Investment In Real Estate Net
AmortizationOfDeferredFinancingCostsInvestmentInRealEstateNet
211000
eqr Amortization Of Deferred Financing Costs Investment In Real Estate Net
AmortizationOfDeferredFinancingCostsInvestmentInRealEstateNet
253000
eqr Amortization Of Deferred Financing Costs Other Assets
AmortizationOfDeferredFinancingCostsOtherAssets
1392000
eqr Amortization Of Deferred Financing Costs Other Assets
AmortizationOfDeferredFinancingCostsOtherAssets
1170000
eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
AmortizationOfDeferredFinancingCostsMortgageNotesPayableNet
895000
eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
AmortizationOfDeferredFinancingCostsMortgageNotesPayableNet
1159000
eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
1920000
eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
2125000
eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
AmortizationOfDiscountsAndPremiumsOnDebtMortgageNotesPayable
616000
eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
AmortizationOfDiscountsAndPremiumsOnDebtMortgageNotesPayable
1545000
eqr Amortization Of Discounts And Premiums On Debt Notes Net
AmortizationOfDiscountsAndPremiumsOnDebtNotesNet
1124000
eqr Amortization Of Discounts And Premiums On Debt Notes Net
AmortizationOfDiscountsAndPremiumsOnDebtNotesNet
1346000
eqr Amortization Of Deferred Settlements On Derivative Instruments Other Liabilities
AmortizationOfDeferredSettlementsOnDerivativeInstrumentsOtherLiabilities
6000
eqr Amortization Of Deferred Settlements On Derivative Instruments Other Liabilities
AmortizationOfDeferredSettlementsOnDerivativeInstrumentsOtherLiabilities
6000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-2201000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-4881000
eqr Write Off Pursuit Costs Investment In Real Estate
WriteOffPursuitCostsInvestmentInRealEstate
316000
eqr Write Off Pursuit Costs Investment In Real Estate
WriteOffPursuitCostsInvestmentInRealEstate
761000
eqr Write Off Of Pursuit Costs Investments In Unconsolidated Entities
WriteOffOfPursuitCostsInvestmentsInUnconsolidatedEntities
1111000
eqr Write Off Of Pursuit Costs Investments In Unconsolidated Entities
WriteOffOfPursuitCostsInvestmentsInUnconsolidatedEntities
1637000
eqr Write Off Of Pursuit Costs Other Assets
WriteOffOfPursuitCostsOtherAssets
566000
eqr Write Off Of Pursuit Costs Other Assets
WriteOffOfPursuitCostsOtherAssets
117000
eqr Income Loss From Equity Method Investments Merger
IncomeLossFromEquityMethodInvestmentsMerger
1972000
eqr Income Loss From Equity Method Investments Merger
IncomeLossFromEquityMethodInvestmentsMerger
1797000
eqr Other Liabilities Loss From Investments In Unconsolidated Entities Merger
OtherLiabilitiesLossFromInvestmentsInUnconsolidatedEntitiesMerger
633000
eqr Other Liabilities Loss From Investments In Unconsolidated Entities Merger
OtherLiabilitiesLossFromInvestmentsInUnconsolidatedEntitiesMerger
632000
eqr Unrealized Gain Loss On Derivative Instruments Other Assets
UnrealizedGainLossOnDerivativeInstrumentsOtherAssets
-3359000
eqr Unrealized Gain Loss On Derivative Instruments Other Liabilities
UnrealizedGainLossOnDerivativeInstrumentsOtherLiabilities
-695000
eqr Unrealized Gain Loss On Derivative Instruments Other Liabilities
UnrealizedGainLossOnDerivativeInstrumentsOtherLiabilities
1259000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
4054000
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Before Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax
-1259000
eqr Investment In Real Estate Net Under Development
InvestmentInRealEstateNetUnderDevelopment
2988000
eqr Investment In Real Estate Net Under Development
InvestmentInRealEstateNetUnderDevelopment
675000
eqr Investments In Unconsolidated Entities Under Development
InvestmentsInUnconsolidatedEntitiesUnderDevelopment
3991000
eqr Investments In Unconsolidated Entities Under Development
InvestmentsInUnconsolidatedEntitiesUnderDevelopment
1592000
eqr Investments In Unconsolidated Entities
InvestmentsInUnconsolidatedEntities
24633000
eqr Investments In Unconsolidated Entities
InvestmentsInUnconsolidatedEntities
47887000
eqr Investments In Unconsolidated Entities Other Liabilities
InvestmentsInUnconsolidatedEntitiesOtherLiabilities
780000
eqr Investments In Unconsolidated Entities Other Liabilities
InvestmentsInUnconsolidatedEntitiesOtherLiabilities
690000
eqr Debt Financing Costs Mortgage Notes Payable Net
DebtFinancingCostsMortgageNotesPayableNet
228000
eqr Initial Measurement And Reclassifications Right Of Use Assets
InitialMeasurementAndReclassificationsRightOfUseAssets
7105000
eqr Initial Measurement And Reclassifications Right Of Use Assets
InitialMeasurementAndReclassificationsRightOfUseAssets
224000
eqr Initial Measurement And Reclassifications Lease Liabilities
InitialMeasurementAndReclassificationsLeaseLiabilities
7105000
eqr Initial Measurement And Reclassifications Lease Liabilities
InitialMeasurementAndReclassificationsLeaseLiabilities
224000
eqr Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities
NonCashShareDistributionFromUnconsolidatedEntitiesInvestmentsInUnconsolidatedEntities
539000
eqr Non Cash Share Distribution From Unconsolidated Entities Investments In Unconsolidated Entities
NonCashShareDistributionFromUnconsolidatedEntitiesInvestmentsInUnconsolidatedEntities
4048000
eqr Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets
NonCashShareDistributionFromUnconsolidatedEntitiesChangesInOtherAssets
-539000
eqr Non Cash Share Distribution From Unconsolidated Entities Changes In Other Assets
NonCashShareDistributionFromUnconsolidatedEntitiesChangesInOtherAssets
-4048000
CY2023Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2022Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
304
CY2023Q2 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10
CY2023Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
80212
CY2023Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
304
CY2023Q2 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
80212
CY2022Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
378429708
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
375527195
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
180629
us-gaap Stock Issued During Period Shares Conversion Of Units
StockIssuedDuringPeriodSharesConversionOfUnits
31089
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
232317
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
348510
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
40346
us-gaap Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
35669
eqr Restricted Share Grants Net
RestrictedShareGrantsNet
149722
eqr Restricted Share Grants Net
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ecd Trd Arr Adoption Date
TrdArrAdoptionDate
June 15, 2023
ecd Trd Arr Ind Name
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Alexander Brackenridge
ecd Trd Arr Ind Title
TrdArrIndTitle
Executive Vice President and Chief Investment Officer of EQR
ecd Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
true
CY2023Q2 ecd Trd Arr Securities Agg Avail Amt
TrdArrSecuritiesAggAvailAmt
20133

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