2023 Q4 Form 10-Q Financial Statement

#000168722923000081 Filed on October 26, 2023

View on sec.gov

Income Statement

Concept 2023 Q4 2023 Q3
Revenue $624.3M $617.7M
YoY Change 7.67% 8.62%
Cost Of Revenue $253.8M $252.9M
YoY Change 9.21% 11.82%
Gross Profit $370.5M $364.8M
YoY Change 6.64% 6.51%
Gross Profit Margin 59.35% 59.06%
Selling, General & Admin $22.39M $22.70M
YoY Change 32.3% 12.81%
% of Gross Profit 6.04% 6.22%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $173.2M $170.7M
YoY Change 6.04% 6.4%
% of Gross Profit 46.74% 46.79%
Operating Expenses $195.5M $193.4M
YoY Change 8.51% 7.12%
Operating Profit $175.0M $171.4M
YoY Change 4.63% 5.83%
Interest Expense -$96.60M $86.74M
YoY Change 17.69% 13.45%
% of Operating Profit -55.2% 50.6%
Other Income/Expense, Net $5.533M -$2.533M
YoY Change 1508.43% -69.74%
Pretax Income $129.9M $132.2M
YoY Change 28.83% 66.44%
Income Tax $60.00K
% Of Pretax Income 0.05%
Net Earnings $129.4M $131.8M
YoY Change 28.82% 66.48%
Net Earnings / Revenue 20.72% 21.34%
Basic Earnings Per Share $0.22
Diluted Earnings Per Share $0.21 $0.21
COMMON SHARES
Basic Shares Outstanding 612.0M shares 612.0M shares
Diluted Shares Outstanding 613.6M shares

Balance Sheet

Concept 2023 Q4 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $700.6M $763.0M
YoY Change 166.53% 154.07%
Cash & Equivalents $700.6M $762.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $60.81M $59.00M
Other Receivables $0.00 $0.00
Total Short-Term Assets $761.4M $822.0M
YoY Change 140.23% 141.0%
LONG-TERM ASSETS
Property, Plant & Equipment $31.47M $24.46M
YoY Change 28.55% 19.68%
Goodwill $258.2M $258.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $247.2M $258.0M
YoY Change -11.91% -10.06%
Other Assets $386.0M $396.0M
YoY Change 5.33% 83.69%
Total Long-Term Assets $18.46B $18.64B
YoY Change 1.32% 1.67%
TOTAL ASSETS
Total Short-Term Assets $761.4M $822.0M
Total Long-Term Assets $18.46B $18.64B
Total Assets $19.22B $19.47B
YoY Change 3.69% 4.22%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $200.6M $368.0M
YoY Change 1.09% 12.89%
Accrued Expenses $11.10M $12.00M
YoY Change -25.65% -0.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $1.706M $1.000M
YoY Change -34.46% 49.03%
Total Short-Term Liabilities $393.8M $561.0M
YoY Change 0.6% 9.58%
LONG-TERM LIABILITIES
Long-Term Debt $8.548B $8.550B
YoY Change 10.02% 10.28%
Other Long-Term Liabilities $88.54M $86.00M
YoY Change 71.54% 7.79%
Total Long-Term Liabilities $8.637B $8.636B
YoY Change 10.42% 10.25%
TOTAL LIABILITIES
Total Short-Term Liabilities $393.8M $561.0M
Total Long-Term Liabilities $8.637B $8.636B
Total Liabilities $9.031B $9.197B
YoY Change 9.95% 10.38%
SHAREHOLDERS EQUITY
Retained Earnings -$1.071B -$1.040B
YoY Change 12.55% 13.5%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $10.16B $10.24B
YoY Change
Total Liabilities & Shareholders Equity $19.22B $19.47B
YoY Change 3.69% 4.22%

Cashflow Statement

Concept 2023 Q4 2023 Q3
OPERATING ACTIVITIES
Net Income $129.4M $131.8M
YoY Change 28.82% 66.48%
Depreciation, Depletion And Amortization $173.2M $170.7M
YoY Change 6.04% 6.4%
Cash From Operating Activities $87.59M $420.8M
YoY Change -26.79% 19.58%
INVESTING ACTIVITIES
Capital Expenditures $121.6M $847.4M
YoY Change 8.89% -651.81%
Acquisitions
YoY Change
Other Investing Activities $117.6M $169.8M
YoY Change 120.56% -877.51%
Cash From Investing Activities -$3.952M -$677.6M
YoY Change -93.22% 286.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -166.0M 617.2M
YoY Change 34.63% -540.28%
NET CHANGE
Cash From Operating Activities 87.59M 420.8M
Cash From Investing Activities -3.952M -677.6M
Cash From Financing Activities -166.0M 617.2M
Net Change In Cash -82.34M 360.4M
YoY Change 32.88% 892.84%
FREE CASH FLOW
Cash From Operating Activities $87.59M $420.8M
Capital Expenditures $121.6M $847.4M
Free Cash Flow -$33.98M -$426.6M
YoY Change -525.33% -184.4%

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us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:6pt;text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">The preparation of the condensed consolidated financial statements in conformity with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting periods. These estimates are inherently subjective in nature and actual results could differ from those estimates.</span></div><div style="margin-bottom:9pt;margin-top:9pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-style:italic;font-weight:400;line-height:120%">Reclassifications</span></div><div style="text-indent:18pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">We reclassified $14,340 of investments in equity securities for the nine months ended September 30, 2022 from other investing activities on the condensed consolidated statement of cash flows to a separate cash flow line item to conform to our current presentation. This reclassification had no effect on the total reported investing activities on the condensed consolidated statement of cash flows for the nine months ended September 30, 2022.</span></div>
CY2023Q3 us-gaap Land
Land
4907452000 usd
CY2022Q4 us-gaap Land
Land
4800110000 usd
CY2023Q3 invh Investment Buildings
InvestmentBuildings
15915306000 usd
CY2022Q4 invh Investment Buildings
InvestmentBuildings
15228631000 usd
CY2023Q3 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
563024000 usd
CY2022Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
548700000 usd
CY2023Q3 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
126939000 usd
CY2022Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
123494000 usd
CY2023Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
21512721000 usd
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
20700935000 usd
CY2023Q3 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4112685000 usd
CY2022Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
3670561000 usd
CY2023Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17400036000 usd
CY2022Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17030374000 usd
CY2023Q3 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
134275000 usd
CY2022Q4 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
129341000 usd
CY2023Q3 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
77402000 usd
CY2022Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
76408000 usd
CY2023Q3 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
30691000 usd
CY2022Q4 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
30435000 usd
CY2023Q3 invh Capitalized Insurance Net
CapitalizedInsuranceNet
4982000 usd
CY2022Q4 invh Capitalized Insurance Net
CapitalizedInsuranceNet
4982000 usd
CY2023Q3 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
3663000 usd
CY2022Q4 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
3627000 usd
CY2023Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
83000 usd
CY2022Q3 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
101000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
342000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
238000 usd
CY2022Q4 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
54091000 usd
CY2023Q3 invh Equity Securities
EquitySecurities
55136000 usd
CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
762638000 usd
CY2022Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
262870000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
217253000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
191057000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
979891000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
453927000 usd
CY2023Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
217253000 usd
CY2022Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
191057000 usd
CY2023Q3 us-gaap Equity Method Investments
EquityMethodInvestments
258030000 usd
CY2022Q4 us-gaap Equity Method Investments
EquityMethodInvestments
280571000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-4902000 usd
CY2022Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-849000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-11087000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5870000 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
134017000 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
119193000 usd
CY2023Q3 us-gaap Deposit Assets
DepositAssets
95770000 usd
CY2022Q4 us-gaap Deposit Assets
DepositAssets
97709000 usd
CY2023Q3 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86617000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86980000 usd
CY2023Q3 us-gaap Accounts And Notes Receivable Net
AccountsAndNotesReceivableNet
58874000 usd
CY2022Q4 invh Equity Securities
EquitySecurities
22413000 usd
CY2023Q3 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
43333000 usd
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
41972000 usd
CY2023Q3 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
35778000 usd
CY2022Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
29842000 usd
CY2023Q3 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24460000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
24484000 usd
CY2023Q3 invh Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
13723000 usd
CY2022Q4 invh Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
16534000 usd
CY2023Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3702000 usd
CY2022Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
5850000 usd
CY2023Q3 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
18624000 usd
CY2022Q4 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
14561000 usd
CY2023Q3 us-gaap Other Assets
OtherAssets
570034000 usd
CY2022Q4 us-gaap Other Assets
OtherAssets
513629000 usd
CY2023Q3 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
159 property
CY2022Q4 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
131 property
CY2023Q3 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P12M
CY2023Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
41301000 usd
CY2022Q3 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
35834000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
113875000 usd
us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
102960000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
526668000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
1002245000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
135970000 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
0 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
0 usd
CY2023Q3 invh Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
0 usd
CY2023Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1664883000 usd
CY2023Q3 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
54068000 usd
CY2022Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
21500000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1068000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
913000 usd
CY2023Q3 invh Equity Securities
EquitySecurities
55136000 usd
CY2022Q4 invh Equity Securities
EquitySecurities
22413000 usd
us-gaap Interest Expense
InterestExpense
243408000 usd
us-gaap Interest Expense
InterestExpense
225683000 usd
CY2023Q3 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
CY2022Q3 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
-1452000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-499000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-796000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
113000 usd
us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-2548000 usd
CY2023Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-499000 usd
CY2022Q3 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-796000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
113000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
-4000000 usd
CY2023Q3 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9920000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3803000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
12862000 usd
CY2022Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
3672000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11828000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3439000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
14925000 usd
CY2022Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3483000 usd
CY2023Q3 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y2M12D
CY2023Q3 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y4M24D
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y
CY2022Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P1Y4M24D
CY2023Q3 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.033
CY2023Q3 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.046
CY2022Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.033
CY2022Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.040
CY2023Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
11846000 usd
CY2023Q3 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
3702000 usd
CY2022Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
5850000 usd
CY2022Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86980000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
234000 usd
invh Prepayments Of Secured Term Loan
PrepaymentsOfSecuredTermLoan
0 usd
CY2023Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
611958239 shares
CY2023Q3 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
1869483 shares
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
647118000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
2500000000 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
0 usd
CY2023Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
992994000 usd
CY2023Q3 invh Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
4478129000 usd
CY2023Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8618241000 usd
CY2023Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
48962000 usd
CY2023Q3 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
22039000 usd
CY2023Q3 us-gaap Long Term Debt
LongTermDebt
8547240000 usd
invh Cost To Terminate Swap
CostToTerminateSwap
13292000 usd
CY2023Q3 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
82542000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
134017000 usd
CY2023Q3 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2023Q3 us-gaap Derivative Assets
DerivativeAssets
134017000 usd
CY2023Q3 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2023Q3 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
134017000 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2023Q3 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2023Q3 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2023Q3 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2023Q3 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2023Q3 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
119193000 usd
CY2022Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2022Q4 us-gaap Derivative Assets
DerivativeAssets
119193000 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2022Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
119193000 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2022Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2022Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2022Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2022Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2023Q3 us-gaap Interest Expense
InterestExpense
86736000 usd
CY2022Q3 us-gaap Interest Expense
InterestExpense
76454000 usd
CY2023Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
2069 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
546857 shares
CY2022Q3 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1050000 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
10364471 shares
CY2023Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
160540000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
159493000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.26
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
158453000 usd
CY2022Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2022Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
135654000 usd
CY2022Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2022Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
135042000 usd
CY2022Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2022Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
134744000 usd
CY2022Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.22
CY2022Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
134240000 usd
CY2023Q1 invh Share Based Payment Arrangement Plan Modification Pre Modification Fair Value
ShareBasedPaymentArrangementPlanModificationPreModificationFairValue
3741000 usd
CY2023Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Plan Modification Incremental Compensation Cost
ShareBasedCompensationArrangementByShareBasedPaymentAwardPlanModificationIncrementalCompensationCost
309000 usd
invh Share Based Payment Arrangement Plan Modification Reversal Of Previously Recognized Share Based Compensation Expense
ShareBasedPaymentArrangementPlanModificationReversalOfPreviouslyRecognizedShareBasedCompensationExpense
1941000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.205
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.300
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMinimum
0.0431
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
0.0462
CY2023Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
8929000 usd
CY2022Q3 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7930000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
21493000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
22565000 usd
CY2023Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
42284000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y10M2D
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
131637000 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
131637000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
79032000 usd
CY2022Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
79032000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
389406000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
389406000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
282242000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
282242000 usd
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
612000811 shares
CY2022Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
610845820 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
611849302 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
609212132 shares
CY2023Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1579231 shares
CY2022Q3 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1801768 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1305739 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1529591 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613580042 shares
CY2022Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
612647588 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613155041 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
610741723 shares
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.22
CY2022Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.13
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.64
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.46
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.21
CY2022Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.13
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.64
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.46
CY2023Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
60000 usd
CY2022Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
73000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
76000 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
235000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
1154000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
782000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4544000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1372000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
3157000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
621000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
1940000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
577000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
1264000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
314000 usd
CY2023Q3 invh Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
429000 usd
CY2023Q3 invh Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
12488000 usd
CY2023Q3 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
3666000 usd
CY2023Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
660000 usd
CY2023Q3 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
227000 usd
CY2023Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
11828000 usd
CY2023Q3 us-gaap Finance Lease Liability
FinanceLeaseLiability
3439000 usd
CY2023Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
793000 usd
CY2022Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
800000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2514000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
2466000 usd
CY2023Q3 us-gaap Variable Lease Cost
VariableLeaseCost
444000 usd
CY2022Q3 us-gaap Variable Lease Cost
VariableLeaseCost
384000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1174000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
1133000 usd
CY2023Q3 us-gaap Lease Cost
LeaseCost
1237000 usd
CY2022Q3 us-gaap Lease Cost
LeaseCost
1184000 usd
us-gaap Lease Cost
LeaseCost
3688000 usd
us-gaap Lease Cost
LeaseCost
3599000 usd
CY2023Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
717000 usd
CY2022Q3 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
675000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2011000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
2055000 usd
CY2023Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
106000 usd
CY2022Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
51000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
247000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
178000 usd
CY2023Q3 invh Finance Lease Cost
FinanceLeaseCost
823000 usd
CY2022Q3 invh Finance Lease Cost
FinanceLeaseCost
726000 usd
invh Finance Lease Cost
FinanceLeaseCost
2258000 usd
invh Finance Lease Cost
FinanceLeaseCost
2233000 usd

Files In Submission

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invh-20230930_def.xml Edgar Link unprocessable
FilingSummary.xml Edgar Link unprocessable
0001687229-23-000081-index-headers.html Edgar Link pending
0001687229-23-000081-index.html Edgar Link pending
0001687229-23-000081.txt Edgar Link pending
0001687229-23-000081-xbrl.zip Edgar Link pending
a09-23ceocert311.htm Edgar Link pending
a09-23cfocert312.htm Edgar Link pending
a09-23exhibit321.htm Edgar Link pending
a09-23exhibit322.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
invh-20230930.htm Edgar Link pending
invh-20230930.xsd Edgar Link pending
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invh-20230930_cal.xml Edgar Link unprocessable
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invh-20230930_htm.xml Edgar Link completed
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