2024 Q3 Form 10-Q Financial Statement

#000168722924000046 Filed on July 25, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $660.3M $653.5M
YoY Change 6.9% 8.84%
Cost Of Revenue $276.6M $266.8M
YoY Change 9.38% 12.4%
Gross Profit $383.7M $386.6M
YoY Change 5.18% 6.52%
Gross Profit Margin 58.11% 59.17%
Selling, General & Admin $21.73M $21.50M
YoY Change -4.29% 8.63%
% of Gross Profit 5.66% 5.56%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $180.5M $176.6M
YoY Change 5.73% 6.55%
% of Gross Profit 47.04% 45.68%
Operating Expenses $202.2M $198.1M
YoY Change 4.55% 6.78%
Operating Profit $181.5M $188.5M
YoY Change 5.9% 6.24%
Interest Expense -$103.5M -$93.99M
YoY Change -219.3% 17.29%
% of Operating Profit -57.01% -49.86%
Other Income/Expense, Net -$9.345M -$54.01M
YoY Change 268.93% 1270.52%
Pretax Income $95.58M $73.43M
YoY Change -27.7% -46.9%
Income Tax
% Of Pretax Income
Net Earnings $95.27M $73.19M
YoY Change -27.73% -46.85%
Net Earnings / Revenue 14.43% 11.2%
Basic Earnings Per Share $0.16 $0.12
Diluted Earnings Per Share $0.15 $0.12
COMMON SHARES
Basic Shares Outstanding 612.6M shares 612.5M shares
Diluted Shares Outstanding 613.6M shares 613.8M shares

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $1.027B $749.4M
YoY Change 34.63% 80.89%
Cash & Equivalents $1.027B $749.4M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $68.40M $68.05M
Other Receivables $0.00 $0.00
Total Short-Term Assets $1.027B $749.4M
YoY Change 24.96% 58.47%
LONG-TERM ASSETS
Property, Plant & Equipment $38.48M $39.02M
YoY Change 57.31% -99.77%
Goodwill $258.2M $258.2M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $244.6M $268.8M
YoY Change -5.19% -34.37%
Other Assets $218.3M $213.8M
YoY Change -44.88% -49.95%
Total Long-Term Assets $18.61B $18.49B
YoY Change -0.21% 2.33%
TOTAL ASSETS
Total Short-Term Assets $1.027B $749.4M
Total Long-Term Assets $18.61B $18.49B
Total Assets $19.63B $19.24B
YoY Change 0.86% 3.76%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $398.9M $354.3M
YoY Change 8.4% 46.94%
Accrued Expenses $22.76M $23.79M
YoY Change 89.68% 85.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $830.0K $865.0K
YoY Change -17.0% -41.16%
Total Short-Term Liabilities $579.4M $534.1M
YoY Change 3.28% 23.52%
LONG-TERM LIABILITIES
Long-Term Debt $9.009B $8.544B
YoY Change 5.37% 10.0%
Other Long-Term Liabilities $92.91M $94.82M
YoY Change 8.03% 58.75%
Total Long-Term Liabilities $9.102B $8.639B
YoY Change 5.39% 10.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $579.4M $534.1M
Total Long-Term Liabilities $9.102B $8.639B
Total Liabilities $9.681B $9.173B
YoY Change 5.27% 10.62%
SHAREHOLDERS EQUITY
Retained Earnings -$1.276B -$1.198B
YoY Change 22.68% 18.54%
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.916B $10.03B
YoY Change
Total Liabilities & Shareholders Equity $19.63B $19.24B
YoY Change 0.86% 3.76%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $95.27M $73.19M
YoY Change -27.73% -46.85%
Depreciation, Depletion And Amortization $180.5M $176.6M
YoY Change 5.73% 6.55%
Cash From Operating Activities $313.6M $369.8M
YoY Change -25.47% 31.62%
INVESTING ACTIVITIES
Capital Expenditures $367.2M $189.0M
YoY Change -56.66% 68.83%
Acquisitions
YoY Change
Other Investing Activities $74.75M $13.69M
YoY Change -55.98% -84.75%
Cash From Investing Activities -$292.5M -$175.3M
YoY Change -56.83% 691.65%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 261.2M -178.7M
YoY Change -57.68% 6.66%
NET CHANGE
Cash From Operating Activities 313.6M 369.8M
Cash From Investing Activities -292.5M -175.3M
Cash From Financing Activities 261.2M -178.7M
Net Change In Cash 282.3M 15.77M
YoY Change -21.67% -82.71%
FREE CASH FLOW
Cash From Operating Activities $313.6M $369.8M
Capital Expenditures $367.2M $189.0M
Free Cash Flow -$53.63M $180.8M
YoY Change -87.43% 6.98%

Facts In Submission

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<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>
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CY2023Q4 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
565214000 usd
CY2024Q2 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
129143000 usd
CY2023Q4 us-gaap Fixtures And Equipment Gross
FixturesAndEquipmentGross
127536000 usd
CY2024Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
21742680000 usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
21551896000 usd
CY2024Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4577872000 usd
CY2023Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
4262682000 usd
CY2024Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17164808000 usd
CY2023Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
17289214000 usd
CY2024Q2 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
136780000 usd
CY2023Q4 invh Capitalized Acquisition Costs Net
CapitalizedAcquisitionCostsNet
135004000 usd
CY2024Q2 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78805000 usd
CY2023Q4 us-gaap Real Estate Inventory Capitalized Interest Costs
RealEstateInventoryCapitalizedInterestCosts
78073000 usd
CY2024Q2 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
31074000 usd
CY2023Q4 invh Capitalized Property Taxes Net
CapitalizedPropertyTaxesNet
30531000 usd
CY2024Q2 invh Capitalized Insurance Net
CapitalizedInsuranceNet
5101000 usd
CY2023Q4 invh Capitalized Insurance Net
CapitalizedInsuranceNet
5037000 usd
CY2024Q2 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
3724000 usd
CY2023Q4 invh Capitalized Homeowners Association Fees Net
CapitalizedHomeownersAssociationFeesNet
3691000 usd
CY2023Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
81000 usd
CY2024Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
60000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
259000 usd
CY2024Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
749398000 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
700618000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
213780000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
196866000 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
963178000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
897484000 usd
CY2024Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
213780000 usd
CY2023Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
196866000 usd
CY2024Q2 us-gaap Equity Method Investments
EquityMethodInvestments
268808000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
247166000 usd
CY2024Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-5482000 usd
CY2023Q2 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-2030000 usd
CY2024Q2 us-gaap Deposit Assets
DepositAssets
106709000 usd
CY2023Q4 us-gaap Deposit Assets
DepositAssets
92151000 usd
CY2024Q2 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86206000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86471000 usd
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
71137000 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
75488000 usd
CY2024Q2 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
57718000 usd
CY2023Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
47770000 usd
CY2024Q2 invh Equity Securities
EquitySecurities
56174000 usd
CY2023Q4 invh Equity Securities
EquitySecurities
55991000 usd
CY2024Q2 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
39015000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
31474000 usd
CY2024Q2 invh Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
28531000 usd
CY2023Q4 invh Finance And Operating Lease Right Of Use Asset
FinanceAndOperatingLeaseRightOfUseAsset
13532000 usd
CY2024Q2 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
26543000 usd
CY2023Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
46203000 usd
CY2024Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1510000 usd
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2972000 usd
CY2024Q2 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
42846000 usd
CY2023Q4 invh Other Assets Miscellaneous Excluding Deposit Assets
OtherAssetsMiscellaneousExcludingDepositAssets
16034000 usd
CY2024Q2 us-gaap Other Assets
OtherAssets
584442000 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
528896000 usd
CY2024Q2 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
118 property
CY2023Q4 invh Number Of Real Estate Properties Classified As Held For Sale
NumberOfRealEstatePropertiesClassifiedAsHeldForSale
189 property
CY2024Q2 us-gaap Lessor Operating Lease Term Of Contract
LessorOperatingLeaseTermOfContract
P12M
CY2024Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
40077000 usd
CY2023Q2 us-gaap Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
37063000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
936347000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
703952000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
71119000 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
0 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
0 usd
CY2024Q2 invh Lessor Operating Lease Payment To Be Received After Year Four
LessorOperatingLeasePaymentToBeReceivedAfterYearFour
0 usd
CY2024Q2 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
1711418000 usd
CY2024Q2 invh Property And Asset Management Service Agreement Number Of Real Estate Properties
PropertyAndAssetManagementServiceAgreementNumberOfRealEstateProperties
21146 home
CY2023Q2 invh Property And Asset Management Service Agreement Number Of Real Estate Properties
PropertyAndAssetManagementServiceAgreementNumberOfRealEstateProperties
3641 home
CY2024Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
15976000 usd
CY2023Q2 us-gaap Property Management Fee Revenue
PropertyManagementFeeRevenue
3448000 usd
CY2024Q2 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
55197000 usd
CY2023Q4 us-gaap Equity Securities Without Readily Determinable Fair Value Amount
EquitySecuritiesWithoutReadilyDeterminableFairValueAmount
54686000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
977000 usd
CY2023Q4 us-gaap Equity Securities Fv Ni Cost
EquitySecuritiesFvNiCost
1305000 usd
CY2024Q2 invh Equity Securities
EquitySecurities
56174000 usd
CY2023Q4 invh Equity Securities
EquitySecurities
55991000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
1623000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Realized Gain Loss
EquitySecuritiesFvNiRealizedGainLoss
0 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
-119000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Unrealized Gain Loss
EquitySecuritiesFvNiUnrealizedGainLoss
524000 usd
CY2024Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1504000 usd
CY2023Q2 us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
524000 usd
us-gaap Equity Securities Fv Ni Gain Loss
EquitySecuritiesFvNiGainLoss
1295000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
21869000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
6662000 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
9236000 usd
CY2023Q4 us-gaap Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
4296000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
23786000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
5973000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
11097000 usd
CY2023Q4 us-gaap Finance Lease Liability
FinanceLeaseLiability
3796000 usd
CY2024Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P7Y6M
CY2024Q2 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P3Y6M
CY2023Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P3Y3M18D
CY2023Q4 us-gaap Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
P2Y10M24D
CY2024Q2 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.055
CY2024Q2 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.061
CY2023Q4 us-gaap Lessee Operating Lease Discount Rate
LesseeOperatingLeaseDiscountRate
0.036
CY2023Q4 us-gaap Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
0.052
CY2024Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Gross
DebtIssuanceCostsLineOfCreditArrangementsGross
11846000 usd
CY2024Q2 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
1510000 usd
CY2023Q4 us-gaap Debt Issuance Costs Line Of Credit Arrangements Net
DebtIssuanceCostsLineOfCreditArrangementsNet
2972000 usd
CY2023Q4 us-gaap Held To Maturity Securities
HeldToMaturitySecurities
86471000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
83000 usd
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
234000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
3133894000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
0 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
990475000 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
750000000 usd
CY2024Q2 invh Long Term Debt Maturity After Year Four
LongTermDebtMaturityAfterYearFour
3728046000 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
8602415000 usd
CY2024Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
38580000 usd
CY2024Q2 us-gaap Debt Instrument Unamortized Discount
DebtInstrumentUnamortizedDiscount
20059000 usd
CY2024Q2 us-gaap Long Term Debt
LongTermDebt
8543776000 usd
CY2024Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
56121000 usd
CY2023Q2 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
56121000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
71137000 usd
CY2024Q2 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2024Q2 us-gaap Derivative Assets
DerivativeAssets
71137000 usd
CY2024Q2 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2024Q2 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
71137000 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2024Q2 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2024Q2 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2024Q2 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2024Q2 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2024Q2 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
75488000 usd
CY2023Q4 us-gaap Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
0 usd
CY2023Q4 us-gaap Derivative Assets
DerivativeAssets
75488000 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
0 usd
CY2023Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
75488000 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability
DerivativeFairValueOfDerivativeLiability
0 usd
CY2023Q4 us-gaap Derivative Liability Fair Value Gross Asset
DerivativeLiabilityFairValueGrossAsset
0 usd
CY2023Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
0 usd
CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
0 usd
CY2023Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 usd
CY2023Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
0 usd
CY2024Q2 us-gaap Interest Expense Operating
InterestExpenseOperating
90007000 usd
CY2023Q2 us-gaap Interest Expense Operating
InterestExpenseOperating
78625000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
179852000 usd
us-gaap Interest Expense Operating
InterestExpenseOperating
156672000 usd
CY2024Q2 us-gaap Derivative Net Liability Position Aggregate Fair Value
DerivativeNetLiabilityPositionAggregateFairValue
0 usd
CY2024Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
612594044 shares
CY2024Q2 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
1979009 shares
CY2024Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
108946 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
635805 shares
CY2023Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
92390 shares
us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
544788 shares
CY2024Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.28
CY2024Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
171712000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.28
CY2024Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
171721000 usd
CY2023Q4 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q4 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
160350000 usd
CY2023Q3 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q3 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
160540000 usd
CY2023Q2 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q2 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
159493000 usd
CY2023Q1 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
0.26
CY2023Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
158453000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Minimum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMinimum
0.207
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRateMaximum
0.246
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0425
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P2Y9M29D
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
7492000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
6066000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
15392000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
12564000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Share Based Awards Other Than Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedShareBasedAwardsOtherThanOptions
43420000 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Outstanding Weighted Average Remaining Contractual Terms
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsOutstandingWeightedAverageRemainingContractualTerms
P1Y10M28D
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
72981000 usd
CY2024Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
72981000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
137698000 usd
CY2023Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
137698000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
215139000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
215139000 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
257769000 usd
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
257769000 usd
CY2024Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
612628758 shares
CY2023Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
611954347 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
612424139 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
611772406 shares
CY2024Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1194581 shares
CY2023Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1362152 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1391114 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
1168993 shares
CY2024Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613823339 shares
CY2023Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613316499 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
613815253 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
612941399 shares
CY2024Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.12
CY2023Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.23
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.35
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.42
CY2024Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.12
CY2023Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.22
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.35
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.42
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Remainder Of Fiscal Year
LesseeOperatingLeaseLiabilityPaymentsRemainderOfFiscalYear
2349000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
865000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
4693000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
1973000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4103000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
1803000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
3540000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
1611000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2909000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
421000 usd
CY2024Q2 invh Lessee Operating Lease Liability To Be Paid After Year Four
LesseeOperatingLeaseLiabilityToBePaidAfterYearFour
13069000 usd
CY2024Q2 invh Finance Lease Liability To Be Paid After Year Four
FinanceLeaseLiabilityToBePaidAfterYearFour
0 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
30663000 usd
CY2024Q2 us-gaap Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
6673000 usd
CY2024Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
6877000 usd
CY2024Q2 us-gaap Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
700000 usd
CY2024Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
23786000 usd
CY2024Q2 us-gaap Finance Lease Liability
FinanceLeaseLiability
5973000 usd
CY2024Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1006000 usd
CY2023Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
828000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1843000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
1721000 usd
CY2024Q2 us-gaap Variable Lease Cost
VariableLeaseCost
367000 usd
CY2023Q2 us-gaap Variable Lease Cost
VariableLeaseCost
404000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
842000 usd
us-gaap Variable Lease Cost
VariableLeaseCost
730000 usd
CY2024Q2 us-gaap Lease Cost
LeaseCost
1373000 usd
CY2023Q2 us-gaap Lease Cost
LeaseCost
1232000 usd
us-gaap Lease Cost
LeaseCost
2685000 usd
us-gaap Lease Cost
LeaseCost
2451000 usd
CY2024Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
877000 usd
CY2023Q2 us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
672000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1796000 usd
us-gaap Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
1294000 usd
CY2024Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
132000 usd
CY2023Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
85000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
284000 usd
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
141000 usd
CY2024Q2 invh Finance Lease Cost
FinanceLeaseCost
1009000 usd
CY2023Q2 invh Finance Lease Cost
FinanceLeaseCost
757000 usd
invh Finance Lease Cost
FinanceLeaseCost
2080000 usd
invh Finance Lease Cost
FinanceLeaseCost
1435000 usd
CY2024Q2 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
37500000 usd
CY2024Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.28

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a06-24exhibit321.htm Edgar Link pending
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