$EQR
EQUITY RESIDENTIAL

2021 Q1 Form 10-Q Financial Statement

#000156459021022532 Filed on April 30, 2021

View on sec.gov

Income Statement

Concept 2021 Q1 2020 Q1
Revenue $597.6M $682.3M
YoY Change -12.42% 2.99%
Cost Of Revenue $246.7M $241.3M
YoY Change 2.24% 3.61%
Gross Profit $350.9M $441.0M
YoY Change -20.43% 2.65%
Gross Profit Margin 58.72% 64.63%
Selling, General & Admin $15.40M $14.50M
YoY Change 6.21% -5.84%
% of Gross Profit 4.39% 3.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $200.0M $212.4M
YoY Change -5.87% 4.02%
% of Gross Profit 56.99% 48.17%
Operating Expenses $215.3M $226.9M
YoY Change -5.11% 3.32%
Operating Profit $135.6M $422.1M
YoY Change -67.88% 101.02%
Interest Expense -$69.30M -$85.70M
YoY Change -19.14% -11.19%
% of Operating Profit -51.12% -20.3%
Other Income/Expense, Net -$4.100M -$2.500M
YoY Change 64.0% -24.24%
Pretax Income $62.12M $333.9M
YoY Change -81.39% 202.97%
Income Tax $200.0K $53.00K
% Of Pretax Income 0.32% 0.02%
Net Earnings $57.54M $308.6M
YoY Change -81.36% 195.21%
Net Earnings / Revenue 9.63% 45.23%
Basic Earnings Per Share $0.15 $0.83
Diluted Earnings Per Share $0.15 $0.83
COMMON SHARES
Basic Shares Outstanding 372.3M 371.6M
Diluted Shares Outstanding 386.9M 386.9M

Balance Sheet

Concept 2021 Q1 2020 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $35.00M $82.00M
YoY Change -57.32% 182.76%
Cash & Equivalents $35.45M $82.34M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $35.00M $82.00M
YoY Change -57.32% 182.76%
LONG-TERM ASSETS
Property, Plant & Equipment $19.73B $20.50B
YoY Change -3.76% 0.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $53.27M $55.87M
YoY Change -4.64% -11.12%
Other Assets $62.00M $58.00M
YoY Change 6.9% -9.38%
Total Long-Term Assets $20.13B $20.84B
YoY Change -3.38% 0.47%
TOTAL ASSETS
Total Short-Term Assets $35.00M $82.00M
Total Long-Term Assets $20.13B $20.84B
Total Assets $20.17B $20.92B
YoY Change -3.59% 0.72%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $168.0M $166.0M
YoY Change 1.2% 8.5%
Accrued Expenses $372.0M $397.0M
YoY Change -6.3% 11.52%
Deferred Revenue
YoY Change
Short-Term Debt $430.0M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.264B $864.0M
YoY Change 46.3% 8.54%
LONG-TERM LIABILITIES
Long-Term Debt $7.608B $8.633B
YoY Change -11.87% -3.57%
Other Long-Term Liabilities $336.0M $299.0M
YoY Change 12.37% -6.85%
Total Long-Term Liabilities $7.944B $8.932B
YoY Change -11.06% -3.69%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.264B $864.0M
Total Long-Term Liabilities $7.944B $8.932B
Total Liabilities $9.854B $10.39B
YoY Change -5.15% -3.11%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.32B $10.53B
YoY Change
Total Liabilities & Shareholders Equity $20.17B $20.92B
YoY Change -3.59% 0.72%

Cashflow Statement

Concept 2021 Q1 2020 Q1
OPERATING ACTIVITIES
Net Income $57.54M $308.6M
YoY Change -81.36% 195.21%
Depreciation, Depletion And Amortization $200.0M $212.4M
YoY Change -5.87% 4.02%
Cash From Operating Activities $346.1M $382.5M
YoY Change -9.52% 2.38%
INVESTING ACTIVITIES
Capital Expenditures -$93.90M -$95.10M
YoY Change -1.26% -71.97%
Acquisitions
YoY Change
Other Investing Activities $26.34M $1.000K
YoY Change 2633400.0% -100.01%
Cash From Investing Activities -$126.3M $266.0M
YoY Change -147.5% -176.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net $1.871M $1.941M
YoY Change -3.61%
Cash From Financing Activities -221.6M -624.7M
YoY Change -64.53% 1166.68%
NET CHANGE
Cash From Operating Activities 346.1M 382.5M
Cash From Investing Activities -126.3M 266.0M
Cash From Financing Activities -221.6M -624.7M
Net Change In Cash -1.892M 23.77M
YoY Change -107.96% -204.23%
FREE CASH FLOW
Cash From Operating Activities $346.1M $382.5M
Capital Expenditures -$93.90M -$95.10M
Free Cash Flow $440.0M $477.6M
YoY Change -7.87% -33.01%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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EarningsPerShareDiluted
0.15
CY2021Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2021Q1 us-gaap Amortization Of Financing Costs
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CY2020Q1 us-gaap Amortization Of Above And Below Market Leases
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CY2020Q1 us-gaap Amortization Of Deferred Hedge Gains
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CY2021Q1 eqr Operating And Finance Lease Right Of Use Asset Amortization
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CY2020Q1 us-gaap Increase Decrease In Other Operating Assets
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CY2021Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2020Q1 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
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CY2021Q1 eqr Increase Decrease In Lease Liabilities
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CY2020Q1 eqr Increase Decrease In Lease Liabilities
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CY2020Q1 us-gaap Payments To Develop Real Estate Assets
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CY2021Q1 eqr Payments For Capital Expenditures To Real Estate
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CY2020Q1 eqr Payments For Capital Expenditures To Real Estate
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CY2021Q1 eqr Non Real Estate Capital Additions
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CY2020Q1 eqr Non Real Estate Capital Additions
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60000
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77889
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585000
CY2020Q1 eqr Amortization Of Deferred Financing Costs Other Assets
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584000
CY2021Q1 eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
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703000
CY2020Q1 eqr Amortization Of Deferred Financing Costs Mortgage Notes Payable Net
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403000
CY2021Q1 eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
957000
CY2020Q1 eqr Amortization Of Deferred Financing Costs Notes Net
AmortizationOfDeferredFinancingCostsNotesNet
1114000
CY2021Q1 eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
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684000
CY2020Q1 eqr Amortization Of Discounts And Premiums On Debt Mortgage Notes Payable
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