2019 Q1 Form 10-Q Financial Statement
#000162828019006047 Filed on May 07, 2019
Income Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
Revenue | $311.5M | $285.5M |
YoY Change | 9.13% | 8.55% |
Cost Of Revenue | $78.77M | $72.75M |
YoY Change | 8.26% | 9.16% |
Gross Profit | $232.8M | $212.7M |
YoY Change | 9.42% | 8.34% |
Gross Profit Margin | 74.72% | 74.52% |
Selling, General & Admin | $22.70M | $21.50M |
YoY Change | 5.58% | 14.36% |
% of Gross Profit | 9.75% | 10.11% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $54.66M | $51.75M |
YoY Change | 5.62% | 4.69% |
% of Gross Profit | 23.48% | 24.33% |
Operating Expenses | $77.40M | $73.20M |
YoY Change | 5.74% | 7.33% |
Operating Profit | $148.5M | $133.9M |
YoY Change | 10.88% | 7.82% |
Interest Expense | $47.36M | $40.97M |
YoY Change | 15.61% | 13.89% |
% of Operating Profit | 31.9% | 30.59% |
Other Income/Expense, Net | ||
YoY Change | ||
Pretax Income | $101.3M | $93.18M |
YoY Change | 8.77% | 4.36% |
Income Tax | $1.813M | $1.342M |
% Of Pretax Income | 1.79% | 1.44% |
Net Earnings | $94.77M | $88.26M |
YoY Change | 7.38% | 7.26% |
Net Earnings / Revenue | 30.42% | 30.91% |
Basic Earnings Per Share | $0.74 | $0.70 |
Diluted Earnings Per Share | $0.74 | $0.70 |
COMMON SHARES | ||
Basic Shares Outstanding | 127.0M shares | 125.8M shares |
Diluted Shares Outstanding | 134.3M shares | 132.7M shares |
Balance Sheet
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $39.00M | $35.50M |
YoY Change | 9.86% | 21.16% |
Cash & Equivalents | $38.99M | $35.53M |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $39.00M | $35.50M |
YoY Change | 9.86% | -0.28% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $7.783B | $7.172B |
YoY Change | 8.52% | 5.92% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $161.0M | $63.90M |
YoY Change | 151.96% | -19.52% |
Other Assets | $7.800M | $18.50M |
YoY Change | -57.84% | 51.64% |
Total Long-Term Assets | $8.094B | $7.435B |
YoY Change | 8.86% | 6.23% |
TOTAL ASSETS | ||
Total Short-Term Assets | $39.00M | $35.50M |
Total Long-Term Assets | $8.094B | $7.435B |
Total Assets | $8.133B | $7.471B |
YoY Change | 8.86% | 6.2% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $99.30M | $108.9M |
YoY Change | -8.82% | 41.25% |
Accrued Expenses | $103.6M | |
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $202.9M | $108.9M |
YoY Change | 86.32% | 41.25% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $5.001B | $4.514B |
YoY Change | 10.78% | 5.19% |
Other Long-Term Liabilities | $154.7M | $130.7M |
YoY Change | 18.36% | 63.37% |
Total Long-Term Liabilities | $5.156B | $4.645B |
YoY Change | 10.99% | 6.26% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $202.9M | $108.9M |
Total Long-Term Liabilities | $5.156B | $4.645B |
Total Liabilities | $5.359B | $4.754B |
YoY Change | 12.72% | 6.87% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$277.7M | -$263.4M |
YoY Change | 5.43% | -25.85% |
Common Stock | $2.650B | $2.552B |
YoY Change | 3.85% | -0.65% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $2.384B | $2.344B |
YoY Change | ||
Total Liabilities & Shareholders Equity | $8.133B | $7.471B |
YoY Change | 8.86% | 6.2% |
Cashflow Statement
Concept | 2019 Q1 | 2018 Q1 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $94.77M | $88.26M |
YoY Change | 7.38% | 7.26% |
Depreciation, Depletion And Amortization | $54.66M | $51.75M |
YoY Change | 5.62% | 4.69% |
Cash From Operating Activities | $169.3M | $171.6M |
YoY Change | -1.32% | 51.7% |
INVESTING ACTIVITIES | ||
Capital Expenditures | -$229.6M | -$88.40M |
YoY Change | 159.73% | 93.44% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$17.40M | $57.40M |
YoY Change | -130.31% | 30.75% |
Cash From Investing Activities | -$247.0M | -$30.93M |
YoY Change | 698.55% | 1674.41% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | $0.00 | |
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | $51.77M | -$172.7M |
YoY Change | -129.99% | 35.34% |
NET CHANGE | ||
Cash From Operating Activities | $169.3M | $171.6M |
Cash From Investing Activities | -$247.0M | -$30.93M |
Cash From Financing Activities | $51.77M | -$172.7M |
Net Change In Cash | -$25.86M | -$31.98M |
YoY Change | -19.13% | 97.41% |
FREE CASH FLOW | ||
Cash From Operating Activities | $169.3M | $171.6M |
Capital Expenditures | -$229.6M | -$88.40M |
Free Cash Flow | $398.9M | $260.0M |
YoY Change | 53.43% | 63.71% |
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|
72690000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
46828000 | USD |
CY2018Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-31980000 | USD |
CY2019Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-25862000 | USD |
CY2018Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2019Q1 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
USD | |
CY2018Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.78 | |
CY2019Q1 | us-gaap |
Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
|
0.86 | |
CY2018Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2019Q1 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
127103750 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
127392050 | shares |
CY2018Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
127103750 | shares |
CY2019Q1 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
127392050 | shares |
CY2018Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
1271000 | USD |
CY2019Q1 | us-gaap |
Common Stock Value
CommonStockValue
|
1274000 | USD |
CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
110237000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
71927000 | USD |
CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
8256000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
6240000 | USD |
CY2018Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
118493000 | USD |
CY2019Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
78167000 | USD |
CY2018Q4 | us-gaap |
Convertible Debt
ConvertibleDebt
|
562374000 | USD |
CY2019Q1 | us-gaap |
Convertible Debt
ConvertibleDebt
|
564136000 | USD |
CY2018Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
72753000 | USD |
CY2019Q1 | us-gaap |
Cost Of Revenue
CostOfRevenue
|
78765000 | USD |
CY2018Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
151573000 | USD |
CY2019Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
163069000 | USD |
CY2018Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
51749000 | USD |
CY2019Q1 | us-gaap |
Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
|
54659000 | USD |
CY2019Q1 | us-gaap |
Derivative Fair Value Of Derivative Net
DerivativeFairValueOfDerivativeNet
|
-9889000 | USD |
CY2019Q1 | us-gaap |
Derivative Number Of Instruments Held
DerivativeNumberOfInstrumentsHeld
|
28 | derivative |
CY2018Q1 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
27034000 | USD |
CY2019Q1 | us-gaap |
Direct Premiums Earned
DirectPremiumsEarned
|
29797000 | USD |
CY2018Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
98327000 | USD |
CY2019Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
109523000 | USD |
CY2018Q4 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
108644000 | USD |
CY2019Q1 | us-gaap |
Due From Related Parties Noncurrent
DueFromRelatedPartiesNoncurrent
|
108644000 | USD |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.70 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.74 | |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.70 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.74 | |
CY2019Q1 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
70000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Interest Payment On Liability
FinanceLeaseInterestPaymentOnLiability
|
57000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
4793000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
36277000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due After Year Five
FinanceLeaseLiabilityPaymentsDueAfterYearFive
|
35062000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Five
FinanceLeaseLiabilityPaymentsDueYearFive
|
255000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
255000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
241000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
232000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
232000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
31484000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
42000 | USD |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.0425 | |
CY2019Q1 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P72Y6M | |
CY2018Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
21464000 | USD |
CY2019Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
22678000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
93175000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
|
101343000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
3597000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
2630000 | USD |
CY2018Q1 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-1501000 | USD |
CY2019Q1 | us-gaap |
Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
|
-1732000 | USD |
CY2018Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1342000 | USD |
CY2019Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
1813000 | USD |
CY2018Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
492000 | USD |
CY2019Q1 | us-gaap |
Income Taxes Paid Net
IncomeTaxesPaidNet
|
-177000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
10434000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
6418000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
737000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
305000 | USD |
CY2018Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
6275000 | USD |
CY2019Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-2475000 | USD |
CY2018Q1 | us-gaap |
Interest Expense
InterestExpense
|
40966000 | USD |
CY2019Q1 | us-gaap |
Interest Expense
InterestExpense
|
47360000 | USD |
CY2018Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
5770000 | USD |
CY2019Q1 | us-gaap |
Interest Expense Debt
InterestExpenseDebt
|
5654000 | USD |
CY2018Q1 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
4561000 | USD |
CY2019Q1 | us-gaap |
Interest Expense Debt Excluding Amortization
InterestExpenseDebtExcludingAmortization
|
4492000 | USD |
CY2018Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
37007000 | USD |
CY2019Q1 | us-gaap |
Interest Paid Net
InterestPaidNet
|
45165000 | USD |
CY2019Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
|
13649000 | USD |
CY2018Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1438000 | USD |
CY2019Q1 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
1388000 | USD |
CY2019Q1 | us-gaap |
Lease Cost
LeaseCost
|
3158000 | USD |
CY2018Q1 | us-gaap |
Lease Income
LeaseIncome
|
247886000 | USD |
CY2019Q1 | us-gaap |
Lease Income
LeaseIncome
|
271003000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
|
170676000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
130052000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
7828000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
7898000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
8264000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
8353000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
|
8281000 | USD |
CY2019Q1 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
67098000 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
5062556000 | USD |
CY2019Q1 | us-gaap |
Liabilities
Liabilities
|
5358702000 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
7847978000 | USD |
CY2019Q1 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
8132514000 | USD |
CY2018Q4 | us-gaap |
Line Of Credit
LineOfCredit
|
81000000 | USD |
CY2019Q1 | us-gaap |
Line Of Credit
LineOfCredit
|
335000000 | USD |
CY2018Q4 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
218602000 | USD |
CY2019Q1 | us-gaap |
Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
|
213399000 | USD |
CY2018Q4 | us-gaap |
Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
|
153096000 | USD |
CY2019Q1 | us-gaap |
Minority Interest In Preferred Unit Holders
MinorityInterestInPreferredUnitHolders
|
176264000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-172660000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
51774000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-30928000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-246975000 | USD |
CY2018Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
171608000 | USD |
CY2019Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
169339000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
88256000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
94770000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
88078000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
94603000 | USD |
CY2018Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
92625000 | USD |
CY2019Q1 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
99460000 | USD |
CY2018Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
0 | USD |
CY2019Q1 | us-gaap |
Noncash Or Part Noncash Acquisition Debt Assumed1
NoncashOrPartNoncashAcquisitionDebtAssumed1
|
17157000 | USD |
CY2018Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
|
3390000 | USD |
CY2019Q1 | us-gaap |
Noncontrolling Interest In Net Income Loss Preferred Unit Holders Redeemable
NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersRedeemable
|
3163000 | USD |
CY2018Q4 | us-gaap |
Notes Payable
NotesPayable
|
4137213000 | USD |
CY2019Q1 | us-gaap |
Notes Payable
NotesPayable
|
4101958000 | USD |
CY2019Q1 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
1119 | store |
CY2019Q1 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
2 | segment |
CY2019Q1 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
40 | state |
CY2018Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
133912000 | USD |
CY2019Q1 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
148477000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Cost
OperatingLeaseCost
|
2079000 | USD |
CY2018Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
0 | USD |
CY2019Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
103578000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
3267000 | USD |
CY2018Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
0 | USD |
CY2019Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
94198000 | USD |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0405 | |
CY2019Q1 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P23Y8M13D | |
CY2018Q4 | us-gaap |
Other Assets
OtherAssets
|
158131000 | USD |
CY2019Q1 | us-gaap |
Other Assets
OtherAssets
|
141842000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
23063000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Cash Flow Hedge Gain Loss After Reclassification And Tax
OtherComprehensiveIncomeLossCashFlowHedgeGainLossAfterReclassificationAndTax
|
-23993000 | USD |
CY2018Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
23063000 | USD |
CY2019Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-23993000 | USD |
CY2018Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
104383000 | USD |
CY2019Q1 | us-gaap |
Other Liabilities
OtherLiabilities
|
110158000 | USD |
CY2019Q1 | us-gaap |
Partners Capital Account Acquisitions
PartnersCapitalAccountAcquisitions
|
23447000 | USD |
CY2018Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
7909000 | USD |
CY2019Q1 | us-gaap |
Partners Capital Account Distributions
PartnersCapitalAccountDistributions
|
8412000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
98327000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
109523000 | USD |
CY2018Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
7909000 | USD |
CY2019Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
8412000 | USD |
CY2018Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
117000 | USD |
CY2019Q1 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
100000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
438000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
|
17395000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
1131000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Furniture And Fixtures
PaymentsToAcquireFurnitureAndFixtures
|
1182000 | USD |
CY2018Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
76122000 | USD |
CY2019Q1 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
212552000 | USD |
CY2018Q1 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
11106000 | USD |
CY2019Q1 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
15846000 | USD |
CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2019Q1 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2019Q1 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2019Q1 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2019Q1 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2019Q1 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
9172000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Collection Of Notes Receivable
ProceedsFromCollectionOfNotesReceivable
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
162000000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Issuance Of Secured Debt
ProceedsFromIssuanceOfSecuredDebt
|
424000000 | USD |
CY2018Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
120000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
|
753000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
|
0 | USD |
CY2018Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
799000 | USD |
CY2019Q1 | us-gaap |
Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
|
1757000 | USD |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
95430000 | USD |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
102160000 | USD |
CY2018Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7491831000 | USD |
CY2019Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
7688617000 | USD |
CY2018Q4 | us-gaap |
Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
|
125326000 | USD |
CY2019Q1 | us-gaap |
Real Estate Investments Unconsolidated Real Estate And Other Joint Ventures
RealEstateInvestmentsUnconsolidatedRealEstateAndOtherJointVentures
|
161029000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
168204000 | USD |
CY2019Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
225020000 | USD |
CY2018Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
0 | USD |
CY2019Q1 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
30928000 | USD |
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
15194000 | USD |
CY2019Q1 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
7840000 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-262902000 | USD |
CY2019Q1 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-277655000 | USD |
CY2018Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
10565000 | USD |
CY2019Q1 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
10746000 | USD |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
285485000 | USD |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
311546000 | USD |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
8050000 | USD |
CY2018Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
0 | USD |
CY2019Q1 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
95506000 | USD |
CY2018Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2726000 | USD |
CY2019Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2954000 | USD |
CY2019Q1 | us-gaap |
Short Term Lease Cost
ShortTermLeaseCost
|
55000 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
0 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
0 | USD |
CY2018Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
799000 | USD |
CY2019Q1 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
1757000 | USD |
CY2018Q1 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
21000000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2413724000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
2384149000 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2723807000 | USD |
CY2018Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2716646000 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2785422000 | USD |
CY2019Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
2773812000 | USD |
CY2018Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
178000 | USD |
CY2019Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Basic
UndistributedEarningsLossAllocatedToParticipatingSecuritiesBasic
|
167000 | USD |
CY2018Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
-178000 | USD |
CY2019Q1 | us-gaap |
Undistributed Earnings Loss Allocated To Participating Securities Diluted
UndistributedEarningsLossAllocatedToParticipatingSecuritiesDiluted
|
0 | USD |
CY2019Q1 | us-gaap |
Units Of Partnership Interest Amount
UnitsOfPartnershipInterestAmount
|
5908750 | shares |
CY2019Q1 | us-gaap |
Variable Lease Cost
VariableLeaseCost
|
912000 | USD |
CY2018Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
132682560 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
134289716 | shares |
CY2018Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
125772439 | shares |
CY2019Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
127037247 | shares |
CY2019Q1 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">ORGANIZATION</font></div><div style="line-height:120%;padding-top:8px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Extra Space Storage Inc. (the “Company”) is a fully integrated, self-administered and self-managed real estate investment trust (“REIT”), formed as a Maryland corporation on April 30, 2004, to own, operate, manage, acquire, develop and redevelop professionally managed self-storage properties ("stores") located throughout the United States. The Company was formed to continue the business of Extra Space Storage LLC and its subsidiaries, which had engaged in the self-storage business since 1977. The Company’s interest in its stores is held through its operating partnership, Extra Space Storage LP (the “Operating Partnership”), which was formed on May 5, 2004. The Company’s primary assets are general partner and limited partner interests in the Operating Partnership. This structure is commonly referred to as an umbrella partnership REIT, or UPREIT. </font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company invests in stores by acquiring wholly-owned stores or by acquiring an equity interest in real estate entities. At </font><font style="font-family:inherit;font-size:10pt;">March 31, 2019</font><font style="font-family:inherit;font-size:10pt;">, the Company had direct and indirect equity interests in </font><font style="font-family:inherit;font-size:10pt;">1,119</font><font style="font-family:inherit;font-size:10pt;"> stores. In addition, the Company managed </font><font style="font-family:inherit;font-size:10pt;">577</font><font style="font-family:inherit;font-size:10pt;"> stores for third parties, bringing the total number of stores which it owns and/or manages to </font><font style="font-family:inherit;font-size:10pt;">1,696</font><font style="font-family:inherit;font-size:10pt;">. These stores are located in </font><font style="font-family:inherit;font-size:10pt;">40</font><font style="font-family:inherit;font-size:10pt;"> states, Washington, D.C. and Puerto Rico. The Company also offers tenant reinsurance at its owned and managed stores that insures the value of goods in the storage units.</font></div></div> |