2020 Q4 Form 10-Q Financial Statement

#000092052220000061 Filed on October 30, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $362.1M $370.8M $366.9M
YoY Change -3.54% 1.06% 4.56%
Cost Of Revenue $110.7M $112.4M $102.5M
YoY Change 9.06% 9.66% 4.81%
Gross Profit $251.3M $258.4M $264.5M
YoY Change -8.25% -2.31% 4.5%
Gross Profit Margin 69.4% 69.69% 72.08%
Selling, General & Admin $31.70M $21.90M $19.60M
YoY Change 33.19% 11.73% 6.52%
% of Gross Profit 12.61% 8.48% 7.41%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $130.1M $130.2M $120.8M
YoY Change 5.77% 7.78% -0.04%
% of Gross Profit 51.77% 50.39% 45.67%
Operating Expenses $161.8M $152.1M $140.4M
YoY Change 10.29% 8.33% 0.86%
Operating Profit $89.50M $128.9M $124.0M
YoY Change -29.64% 3.95% 8.9%
Interest Expense -$11.30M $55.43M $54.90M
YoY Change -151.83% 0.97% -0.54%
% of Operating Profit -12.63% 42.99% 44.26%
Other Income/Expense, Net $100.0K $0.00 -$1.500M
YoY Change -100.0%
Pretax Income $101.6M $78.80M $105.7M
YoY Change -24.85% -25.45% 22.76%
Income Tax
% Of Pretax Income
Net Earnings $95.70M $78.84M $105.7M
YoY Change -29.21% -25.41% 22.75%
Net Earnings / Revenue 26.43% 21.26% 28.81%
Basic Earnings Per Share $1.13 $1.51
Diluted Earnings Per Share $1.468M $1.13 $1.51
COMMON SHARES
Basic Shares Outstanding 65.20M shares 65.23M shares 65.85M shares
Diluted Shares Outstanding 65.24M shares 65.97M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $221.4M $693.4M $290.9M
YoY Change 3.32% 138.35% -20.92%
Cash & Equivalents $73.63M $558.4M $74.03M
Short-Term Investments $147.8M $135.0M $216.9M
Other Short-Term Assets $47.00M $47.00M $42.00M
YoY Change 14.63% 11.9% -17.65%
Inventory $444.0M $398.0M $562.0M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $605.0M $1.017B $691.0M
YoY Change -9.97% 47.18% 11.09%
LONG-TERM ASSETS
Property, Plant & Equipment $11.00B $11.16B $10.46B
YoY Change 5.54% 6.73% 1.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $1.166B $1.153B $1.631B
YoY Change -21.22% -29.31% 10.35%
Other Assets $10.00M $11.00M $18.00M
YoY Change -9.09% -38.89% 5.88%
Total Long-Term Assets $12.33B $12.38B $12.31B
YoY Change 2.47% 0.63% 3.45%
TOTAL ASSETS
Total Short-Term Assets $605.0M $1.017B $691.0M
Total Long-Term Assets $12.33B $12.38B $12.31B
Total Assets $12.94B $13.40B $13.00B
YoY Change 1.82% 3.1% 3.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $153.0M $206.0M $193.0M
YoY Change -3.16% 6.74% 4.32%
Accrued Expenses $74.00M $75.00M $77.00M
YoY Change -3.9% -2.6%
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 $400.0M $454.0M $459.0M
YoY Change -4.53% -1.09% 21.43%
LONG-TERM LIABILITIES
Long-Term Debt $6.252B $6.610B $6.048B
YoY Change 7.63% 9.29% 7.35%
Other Long-Term Liabilities $69.00M $40.00M $36.00M
YoY Change 86.49% 11.11% 5.88%
Total Long-Term Liabilities $6.321B $6.650B $6.084B
YoY Change 8.13% 9.3% 7.34%
TOTAL LIABILITIES
Total Short-Term Liabilities $400.0M $454.0M $459.0M
Total Long-Term Liabilities $6.321B $6.650B $6.084B
Total Liabilities $6.721B $7.103B $6.544B
YoY Change 7.28% 8.54% 8.24%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $6.000K $7.000K $7.000K
YoY Change -14.29% 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $6.000B $6.083B $6.225B
YoY Change
Total Liabilities & Shareholders Equity $12.94B $13.40B $13.00B
YoY Change 1.82% 3.1% 3.83%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income $95.70M $78.84M $105.7M
YoY Change -29.21% -25.41% 22.75%
Depreciation, Depletion And Amortization $130.1M $130.2M $120.8M
YoY Change 5.77% 7.78% -0.04%
Cash From Operating Activities $149.7M $227.3M $277.1M
YoY Change -29.45% -17.97% 7.57%
INVESTING ACTIVITIES
Capital Expenditures -$52.80M -$69.40M -$142.0M
YoY Change -54.33% -51.13% 40.59%
Acquisitions
YoY Change
Other Investing Activities -$62.10M $55.20M -$230.9M
YoY Change -121.25% -123.91% -1054.13%
Cash From Investing Activities -$114.9M -$14.20M -$372.8M
YoY Change -165.06% -96.19% 385.42%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -519.8M 99.40M 132.5M
YoY Change 30.15% -24.98% -172.13%
NET CHANGE
Cash From Operating Activities 149.7M 227.3M 277.1M
Cash From Investing Activities -114.9M -14.20M -372.8M
Cash From Financing Activities -519.8M 99.40M 132.5M
Net Change In Cash -485.0M 312.5M 36.80M
YoY Change 4475.47% 749.18% -1368.97%
FREE CASH FLOW
Cash From Operating Activities $149.7M $227.3M $277.1M
Capital Expenditures -$52.80M -$69.40M -$142.0M
Free Cash Flow $202.5M $296.7M $419.1M
YoY Change -38.22% -29.21% 16.87%

Facts In Submission

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us-gaap Profit Loss
ProfitLoss
497683000 USD
us-gaap Profit Loss
ProfitLoss
329266000 USD
CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
5181000 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
6365000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
24558000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
18798000 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
73661000 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
99335000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
473125000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
310468000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
80818000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
105663000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
494668000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
323071000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
5247000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
6364000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
24455000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
18589000 USD
CY2020Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
75571000 USD
CY2019Q3 us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
99299000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
470213000 USD
us-gaap Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
304482000 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.22
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.72
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65850524 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65757914 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.21
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.71
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65241428 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65973085 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65676093 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65857660 shares
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6352881000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
78842000 USD
CY2020Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
1884000 USD
CY2020Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
92000 USD
CY2020Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-95000 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
2361000 USD
CY2020Q3 us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
26586000 USD
CY2020Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
2522000 USD
CY2020Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
7677000 USD
CY2020Q3 ess Redemptions Of Noncontrolling Interest
RedemptionsOfNoncontrollingInterest
1268000 USD
CY2020Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
2.0775
CY2020Q3 us-gaap Dividends Common Stock
DividendsCommonStock
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CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6267482000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6403504000 USD
us-gaap Profit Loss
ProfitLoss
497683000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss Reclassification After Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax
-3282000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-6119000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
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us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
-228000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
9294000 USD
us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
222990000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
6691000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
1349000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
23689000 USD
ess Redemptions Of Noncontrolling Interest
RedemptionsOfNoncontrollingInterest
2971000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
6.2325
us-gaap Dividends Common Stock
DividendsCommonStock
407157000 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6267482000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6345116000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
105700000 USD
CY2019Q3 us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-12000 USD
CY2019Q3 us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
-25000 USD
CY2019Q3 ess Stock Option And Restricted Stock Plans
StockOptionAndRestrictedStockPlans
27679000 USD
CY2019Q3 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
72631000 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
1814000 USD
CY2019Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
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us-gaap Straight Line Rent
StraightLineRent
230000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
395370000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
20897000 USD
ess Redemptions Of Noncontrolling Interest
RedemptionsOfNoncontrollingInterest
14180000 USD
us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
5.85
us-gaap Dividends Common Stock
DividendsCommonStock
385193000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6415004000 USD
us-gaap Profit Loss
ProfitLoss
497683000 USD
us-gaap Profit Loss
ProfitLoss
329266000 USD
us-gaap Straight Line Rent
StraightLineRent
15485000 USD
CY2019Q3 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
6789000 USD
CY2019Q3 ess Redemptions Of Noncontrolling Interest
RedemptionsOfNoncontrollingInterest
1000 USD
CY2019Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
1.95
CY2019Q3 us-gaap Dividends Common Stock
DividendsCommonStock
128862000 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6415004000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
6393844000 USD
us-gaap Profit Loss
ProfitLoss
329266000 USD
us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci For Sale Of Securities Net Of Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIForSaleOfSecuritiesNetOfTax
32000 USD
us-gaap Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
-6366000 USD
us-gaap Other Comprehensive Income Unrealized Holding Gain Loss On Securities Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedHoldingGainLossOnSecuritiesArisingDuringPeriodNetOfTax
203000 USD
ess Stock Option And Restricted Stock Plans
StockOptionAndRestrictedStockPlans
32907000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
72549000 USD
us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
7914000 USD
us-gaap Treasury Stock Retired Par Value Method Amount
TreasuryStockRetiredParValueMethodAmount
56989000 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-3675000 USD
us-gaap Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
65472000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
360842000 USD
us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
6598000 USD
us-gaap Investment Income Amortization Of Discount
InvestmentIncomeAmortizationOfDiscount
16673000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
5177000 USD
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
3454000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
124000 USD
us-gaap Gain Loss On Sale Of Investments
GainLossOnSaleOfInvestments
737000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
100000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
2215000 USD
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
4280000 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
0 USD
us-gaap Equity Method Investment Realized Gain Loss On Disposal
EquityMethodInvestmentRealizedGainLossOnDisposal
870000 USD
ess Gain Loss From Equity Method Investments
GainLossFromEquityMethodInvestments
53514000 USD
ess Gain Loss From Equity Method Investments
GainLossFromEquityMethodInvestments
54065000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
41202000 USD
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
64628000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
1574000 USD
ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
31535000 USD
us-gaap Increase Decrease In Other Receivables
IncreaseDecreaseInOtherReceivables
4523000 USD
ess Companys Share Of Gain On Sales Of Real Estate
CompanysShareOfGainOnSalesOfRealEstate
39251000 USD
ess Companys Share Of Gain On Sales Of Real Estate
CompanysShareOfGainOnSalesOfRealEstate
0 USD
us-gaap Share Based Compensation
ShareBasedCompensation
4923000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
6748000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-23820000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
7143000 USD
ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
234694000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
5088000 USD
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
3962000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
43095000 USD
us-gaap Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
64281000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
610000 USD
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
1726000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
653437000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
706927000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
459355000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
93389000 USD
ess Redevelopment Expenditures
RedevelopmentExpenditures
41592000 USD
ess Redevelopment Expenditures
RedevelopmentExpenditures
55027000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
90273000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
130593000 USD
ess Revenue Generating Capital Expenditures
RevenueGeneratingCapitalExpenditures
64269000 USD
ess Revenue Generating Capital Expenditures
RevenueGeneratingCapitalExpenditures
69348000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
20431000 USD
us-gaap Payments To Acquire Notes Receivable
PaymentsToAcquireNotesReceivable
140663000 USD
us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
98711000 USD
us-gaap Proceeds From Sale And Collection Of Receivables
ProceedsFromSaleAndCollectionOfReceivables
2500000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
612000 USD
us-gaap Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
3599000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
280246000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
61056000 USD
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PaymentsForProceedsFromSalesAndMaturitiesOfMarketableSecurities
-57165000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
37342000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
306233000 USD
us-gaap Increase Decrease In Restricted Cash And Investments For Operating Activities
IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities
-96000 USD
us-gaap Increase Decrease In Restricted Cash And Investments For Operating Activities
IncreaseDecreaseInRestrictedCashAndInvestmentsForOperatingActivities
-325000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
38909000 USD
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
42653000 USD
ess Payments For Proceeds From Sales And Maturities Of Marketable Securities
PaymentsForProceedsFromSalesAndMaturitiesOfMarketableSecurities
-56890000 USD
us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
70064000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-301988000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-704253000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
1452808000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
892762000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
587057000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
800746000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1038426000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1485034000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1093426000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
1265034000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
222990000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
56989000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
13761000 USD
us-gaap Payment Of Financing And Stock Issuance Costs
PaymentOfFinancingAndStockIssuanceCosts
9446000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
19605000 USD
us-gaap Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
0 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
-228000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
72549000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
14865000 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
36422000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
5664000 USD
us-gaap Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
3515000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
23302000 USD
us-gaap Payments Of Distributions To Affiliates
PaymentsOfDistributionsToAffiliates
20269000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
2971000 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
14180000 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
0 USD
us-gaap Payments For Repurchase Of Redeemable Noncontrolling Interest
PaymentsForRepurchaseOfRedeemableNoncontrollingInterest
73000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
400563000 USD
us-gaap Payments Of Ordinary Dividends
PaymentsOfOrdinaryDividends
378858000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
136532000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-62343000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
487981000 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-59669000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81094000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
151395000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
569075000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91726000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
12300000 USD
us-gaap Interest Paid Capitalized
InterestPaidCapitalized
19000000.0 USD
us-gaap Interest Paid Net
InterestPaidNet
160927000 USD
CY2020Q3 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2700000 USD
us-gaap Interest Paid Net
InterestPaidNet
145001000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5192000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
5097000 USD
us-gaap Stock Issued1
StockIssued1
0 USD
us-gaap Stock Issued1
StockIssued1
65472000 USD
ess Transfer From Real Estate Under Development To Rental Properties
TransferFromRealEstateUnderDevelopmentToRentalProperties
252946000 USD
ess Transfer From Real Estate Under Development To Rental Properties
TransferFromRealEstateUnderDevelopmentToRentalProperties
14501000 USD
ess Transfer From Real Estate Under Development To Co Investments
TransferFromRealEstateUnderDevelopmentToCoInvestments
1387000 USD
ess Transfer From Real Estate Under Development To Co Investments
TransferFromRealEstateUnderDevelopmentToCoInvestments
106000 USD
ess Reclassification From To Redeemable Noncontrolling Interest
ReclassificationFromToRedeemableNoncontrollingInterest
-6691000 USD
ess Reclassification From To Redeemable Noncontrolling Interest
ReclassificationFromToRedeemableNoncontrollingInterest
3675000 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
77645000 USD
ess Initial Recognition In Operating Lease Liabilities
InitialRecognitionInOperatingLeaseLiabilities
0 USD
ess Initial Recognition In Operating Lease Liabilities
InitialRecognitionInOperatingLeaseLiabilities
79693000 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
0 USD
us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
143006000 USD
CY2020Q3 ess Number Of Apartment Communities Owned
NumberOfApartmentCommunitiesOwned
247 community
CY2020Q3 ess Aggregate Apartment Units Owned
AggregateApartmentUnitsOwned
60387 apartment
CY2020Q3 ess Ownership Interests Number Of Commercial Buildings
OwnershipInterestsNumberOfCommercialBuildings
1 building
CY2020Q3 ess Ownership Interests Number Of Active Development Projects
OwnershipInterestsNumberOfActiveDevelopmentProjects
3 project
CY2020Q3 ess Ownership Interests Number Of Unconsolidated Joint Venture Projects
OwnershipInterestsNumberOfUnconsolidatedJointVentureProjects
3 project
CY2019Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
3600000 USD
CY2020Q3 ess Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
129390000 USD
CY2020Q3 ess Marketable Securities Accumulated Gross Unrealized Gain Loss Before Tax
MarketableSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
5581000 USD
CY2020Q3 us-gaap Marketable Securities
MarketableSecurities
134971000 USD
CY2020Q3 ess Marketable Securities Allowance For Credit Loss
MarketableSecuritiesAllowanceForCreditLoss
13644000 USD
CY2019Q4 ess Marketable Securities Amortized Cost
MarketableSecuritiesAmortizedCost
140649000 USD
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MarketableSecuritiesAccumulatedGrossUnrealizedGainLossBeforeTax
3544000 USD
CY2019Q4 us-gaap Marketable Securities
MarketableSecurities
144193000 USD
CY2020Q3 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
52600000 USD
CY2019Q3 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
7000000.0 USD
CY2020Q3 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
91000 USD
CY2019Q3 us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
200000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
56900000 USD
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
57200000 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
100000 USD
us-gaap Marketable Securities Realized Gain Loss
MarketableSecuritiesRealizedGainLoss
700000 USD
CY2020Q3 ess Marketable Securities Allowance For Credit Loss
MarketableSecuritiesAllowanceForCreditLoss
13600000 USD
CY2020Q3 ess Number Of Downreit Limited Partnerships Consolidated By Company
NumberOfDownreitLimitedPartnershipsConsolidatedByCompany
17 partnership
CY2020Q3 ess Number Of Communities Within Downreit Partnerships
NumberOfCommunitiesWithinDownreitPartnerships
9 community
CY2020Q3 ess Variable Interest Entity Number Of Consolidated Coinvestments Determined To Be Variable Interest Entities
VariableInterestEntityNumberOfConsolidatedCoinvestmentsDeterminedToBeVariableInterestEntities
5 investment
CY2019Q4 ess Number Of Downreit Limited Partnerships Consolidated By Company
NumberOfDownreitLimitedPartnershipsConsolidatedByCompany
17 partnership
CY2019Q4 ess Number Of Communities Within Downreit Partnerships
NumberOfCommunitiesWithinDownreitPartnerships
9 community
CY2019Q4 ess Variable Interest Entity Number Of Consolidated Coinvestments Determined To Be Variable Interest Entities
VariableInterestEntityNumberOfConsolidatedCoinvestmentsDeterminedToBeVariableInterestEntities
6 investment
CY2020Q3 ess Assets Related To Variable Interest Entities Net Intercompany Eliminations
AssetsRelatedToVariableInterestEntitiesNetIntercompanyEliminations
900000000 USD
CY2020Q3 ess Liabilities Related To Variable Interest Entities Net Of Intercompany Eliminations
LiabilitiesRelatedToVariableInterestEntitiesNetOfIntercompanyEliminations
329900000 USD
CY2019Q4 ess Assets Related To Variable Interest Entities Net Intercompany Eliminations
AssetsRelatedToVariableInterestEntitiesNetIntercompanyEliminations
1000000000.0 USD
CY2019Q4 ess Liabilities Related To Variable Interest Entities Net Of Intercompany Eliminations
LiabilitiesRelatedToVariableInterestEntitiesNetOfIntercompanyEliminations
364300000 USD
CY2020Q3 us-gaap Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
121200000 USD
CY2019Q4 us-gaap Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
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CY2020Q3 ess Fixed Rate Debt Carrying Amount
FixedRateDebtCarryingAmount
5800000000 USD
CY2019Q4 ess Fixed Rate Debt Carrying Amount
FixedRateDebtCarryingAmount
5200000000 USD
CY2020Q3 ess Fixed Rate Debt Fair Value
FixedRateDebtFairValue
6000000000.0 USD
CY2019Q4 ess Fixed Rate Debt Fair Value
FixedRateDebtFairValue
5400000000 USD
CY2020Q3 ess Variable Rate Debt Carrying Amount
VariableRateDebtCarryingAmount
804900000 USD
CY2019Q4 ess Variable Rate Debt Carrying Amount
VariableRateDebtCarryingAmount
660400000 USD
CY2020Q3 ess Variable Rate Debt Fair Value
VariableRateDebtFairValue
799600000 USD
CY2019Q4 ess Variable Rate Debt Fair Value
VariableRateDebtFairValue
655800000 USD
CY2020Q3 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
29600000 USD
CY2019Q4 us-gaap Mortgage Backed Securities Available For Sale Fair Value Disclosure
MortgageBackedSecuritiesAvailableForSaleFairValueDisclosure
72700000 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
10629000 USD
CY2019Q3 ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
11000000.0 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
11007000 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17695000 USD
CY2020Q3 ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
6100000 USD
ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
24900000 USD
ess Capitalized Internal Costs Related To Development And Redevelopment Projects
CapitalizedInternalCostsRelatedToDevelopmentAndRedevelopmentProjects
32100000 USD
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
30700000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
37400000 USD
CY2019Q4 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
37410000 USD
ess Noncontrolling Interest Reset Of Prior Year Redemptions
NoncontrollingInterestResetOfPriorYearRedemptions
-6691000 USD
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
0 USD
CY2020Q3 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
30719000 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
558446000 USD
CY2019Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
70087000 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
74031000 USD
CY2018Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
134465000 USD
CY2018Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16930000 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
569075000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81094000 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
91726000 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
151395000 USD
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:700;line-height:120%">Accounting Estimates</span></div><div><span><br/></span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of condensed consolidated financial statements, in accordance with U.S. GAAP, requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosures of contingent assets and liabilities. On an on-going basis, the Company evaluates its estimates, including those related to acquiring, developing and assessing the carrying values of its real estate portfolio, its investments in and advances to joint ventures and affiliates, its notes receivables, and its qualification as a real estate investment trust ("REIT"). The Company bases its estimates on historical experience, current market conditions, and on various other assumptions that are believed to be reasonable under the circumstances. Actual results may vary from those estimates and those estimates could be different under different assumptions or conditions.</span></div>
CY2020Q3 ess Number Of Apartment Communities Owned
NumberOfApartmentCommunitiesOwned
1 apartment
CY2020Q3 ess Number Of Apartment Units
NumberOfApartmentUnits
115 apartment
CY2020Q1 ess Number Of Preferred Equity Method Investments
NumberOfPreferredEquityMethodInvestments
2 investment
CY2020Q1 ess Preferred Equity Investment Commitment To Fund
PreferredEquityInvestmentCommitmentToFund
91400000 USD
CY2020Q1 ess Equity Method Investments Preferred Returns Rate
EquityMethodInvestmentsPreferredReturnsRate
0.113
CY2020Q3 ess Preferred Equity Investment Commitment To Fund
PreferredEquityInvestmentCommitmentToFund
10500000 USD
CY2020Q3 ess Equity Method Investments Preferred Returns Rate
EquityMethodInvestmentsPreferredReturnsRate
0.110
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2347000 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
2428000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7312000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
7023000 USD
CY2020Q3 us-gaap Revenues
Revenues
370811000 USD
CY2019Q3 us-gaap Revenues
Revenues
366932000 USD
us-gaap Revenues
Revenues
1133675000 USD
us-gaap Revenues
Revenues
1084790000 USD
CY2020Q3 ess Real Estate Operations Occupancy Threshold For Classification As Stabilized
RealEstateOperationsOccupancyThresholdForClassificationAsStabilized
0.90
CY2020Q3 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3300000 USD
CY2019Q4 us-gaap Contract With Customer Liability
ContractWithCustomerLiability
3900000 USD
us-gaap Contract With Customer Liability Revenue Recognized
ContractWithCustomerLiabilityRevenueRecognized
600000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
3300000 USD
CY2020Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.06
CY2020Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.44
CY2020Q3 ess Investments In Distributions In Excess Of Investments In And Advance To Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInDistributionsInExcessOfInvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVentures
1018235000 USD
CY2019Q4 ess Investments In Distributions In Excess Of Investments In And Advance To Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInDistributionsInExcessOfInvestmentsInAndAdvanceToAffiliatesSubsidiariesAssociatesAndJointVentures
1335339000 USD
CY2020Q3 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
172000 USD
CY2019Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
0 USD
CY2020Q3 us-gaap Notes Receivable Net
NotesReceivableNet
75432000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
134365000 USD
CY2020Q3 us-gaap Unsecured Debt
UnsecuredDebt
5907805000 USD
CY2019Q4 us-gaap Unsecured Debt
UnsecuredDebt
4763206000 USD
CY2020Q3 ess Unsecured Debt And Line Of Credit
UnsecuredDebtAndLineOfCredit
6610184000 USD
CY2019Q4 ess Unsecured Debt And Line Of Credit
UnsecuredDebtAndLineOfCredit
5808873000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1000000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
531653000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
393188000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
802945000 USD
CY2020Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
403109000 USD
CY2020Q3 ess Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
4518383000 USD
CY2020Q3 us-gaap Long Term Debt
LongTermDebt
6650278000 USD
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
3 segment
CY2020Q3 ess Net Operating Income From Segments
NetOperatingIncomeFromSegments
256069000 USD
CY2019Q3 ess Net Operating Income From Segments
NetOperatingIncomeFromSegments
262331000 USD
ess Net Operating Income From Segments
NetOperatingIncomeFromSegments
796689000 USD
ess Net Operating Income From Segments
NetOperatingIncomeFromSegments
782364000 USD
ess Corporate Property Management Expenses
CorporatePropertyManagementExpenses
26024000 USD
ess Corporate Property Management Expenses
CorporatePropertyManagementExpenses
25451000 USD
CY2020Q3 ess Corporate Property Management Expenses
CorporatePropertyManagementExpenses
8619000 USD
CY2019Q3 ess Corporate Property Management Expenses
CorporatePropertyManagementExpenses
8553000 USD
CY2020Q3 us-gaap Depreciation
Depreciation
130202000 USD
CY2019Q3 us-gaap Depreciation
Depreciation
120809000 USD
us-gaap Depreciation
Depreciation
395370000 USD
us-gaap Depreciation
Depreciation
360842000 USD
CY2020Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13310000 USD
CY2019Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
11345000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
42244000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
38731000 USD
CY2020Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
2000 USD
CY2019Q3 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
13000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
104000 USD
us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
69000 USD
CY2019Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
39251000 USD
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
0 USD
CY2020Q3 us-gaap Interest Expense
InterestExpense
55430000 USD
CY2020Q3 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
22654000 USD
CY2019Q3 us-gaap Interest Expense
InterestExpense
54896000 USD
us-gaap Interest Expense
InterestExpense
165024000 USD
us-gaap Interest Expense
InterestExpense
162651000 USD
CY2020Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
2977000 USD
CY2019Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
2154000 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
7749000 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
6174000 USD
CY2020Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
6512000 USD
CY2019Q3 us-gaap Interest And Other Income
InterestAndOtherIncome
8685000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
12696000 USD
us-gaap Interest And Other Income
InterestAndOtherIncome
29293000 USD
CY2020Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
14960000 USD
CY2019Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
21700000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
53514000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
54935000 USD
CY2020Q3 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
0 USD
CY2019Q3 us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
1457000 USD
us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
1636000 USD
us-gaap Deferred Other Tax Expense Benefit
DeferredOtherTaxExpenseBenefit
1457000 USD
CY2020Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-19114000 USD
CY2019Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5475000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-23820000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
7143000 USD
CY2020Q3 ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
0 USD
CY2019Q3 ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
0 USD
ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
234694000 USD
ess Gain On Remeasurement Of Co Investment
GainOnRemeasurementOfCoInvestment
31535000 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
78842000 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
105700000 USD
us-gaap Profit Loss
ProfitLoss
497683000 USD
us-gaap Profit Loss
ProfitLoss
329266000 USD
CY2020Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
11085982000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
10348660000 USD
CY2020Q3 ess Real Estate Development In Process
RealEstateDevelopmentInProcess
364875000 USD
CY2019Q4 ess Real Estate Development In Process
RealEstateDevelopmentInProcess
546075000 USD
CY2020Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1018235000 USD
CY2019Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1335339000 USD
CY2020Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
32878000 USD
CY2019Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
0 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
569075000 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
81094000 USD
CY2020Q3 us-gaap Marketable Securities
MarketableSecurities
134971000 USD
CY2019Q4 us-gaap Marketable Securities
MarketableSecurities
144193000 USD
CY2020Q3 us-gaap Notes Receivable Net
NotesReceivableNet
75432000 USD
CY2019Q4 us-gaap Notes Receivable Net
NotesReceivableNet
134365000 USD
CY2020Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
72910000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
74744000 USD
CY2020Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
46684000 USD
CY2019Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
40935000 USD
CY2020Q3 us-gaap Assets
Assets
13401042000 USD
CY2019Q4 us-gaap Assets
Assets
12705405000 USD
CY2020Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
73661000 USD
CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65232837 shares
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.13
CY2019Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
99335000 USD
CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65850524 shares
CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.51
CY2020Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
8591 shares
CY2019Q3 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
122561 shares
CY2020Q3 ess Income From Continuing Operations Available To Common Stockholders1
IncomeFromContinuingOperationsAvailableToCommonStockholders1
73661000 USD
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65241428 shares
CY2020Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.13
CY2019Q3 ess Income From Continuing Operations Available To Common Stockholders1
IncomeFromContinuingOperationsAvailableToCommonStockholders1
99335000 USD
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65973085 shares
CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.51
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
473125000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65561820 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
7.22
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
310468000 USD
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
65757914 shares
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.72
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
20026 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
99746 shares
ess Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Units
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfUnits
94247 shares
ess Incremental Common Shares Attributable To Dilutive Effect Of Conversion Of Units
IncrementalCommonSharesAttributableToDilutiveEffectOfConversionOfUnits
0 shares
ess Income From Continuing Operations Available To Common Stockholders1
IncomeFromContinuingOperationsAvailableToCommonStockholders1
473712000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65676093 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
7.21
ess Income From Continuing Operations Available To Common Stockholders1
IncomeFromContinuingOperationsAvailableToCommonStockholders1
310468000 USD
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
65857660 shares
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.71
CY2019Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
2200000 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
7700000 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
6200000 USD

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