2013 Q4 Form 10-Q Financial Statement

#000091259513000027 Filed on November 07, 2013

View on sec.gov

Income Statement

Concept 2013 Q4 2013 Q3 2012 Q4
Revenue $240.4M $136.4M $118.3M
YoY Change 103.29% 10.76% 16.54%
Cost Of Revenue $77.40M $45.70M $39.50M
YoY Change 95.95% 7.28% -24.04%
Gross Profit $163.0M $89.70M $83.40M
YoY Change 95.44% 11.29% 36.5%
Gross Profit Margin 67.8% 65.74% 70.52%
Selling, General & Admin $29.90M $18.90M $16.70M
YoY Change 79.04% 6.78% 307.32%
% of Gross Profit 18.34% 21.07% 20.02%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $87.50M $34.00M $34.50M
YoY Change 153.62% 1.8% 8.49%
% of Gross Profit 53.68% 37.9% 41.37%
Operating Expenses $119.7M $51.70M $48.20M
YoY Change 148.34% 6.16% 42.18%
Operating Profit $43.30M $32.52M $32.84M
YoY Change 31.86% 6.31% 34.42%
Interest Expense -$30.50M $14.94M $13.86M
YoY Change -320.03% 2.83% 50.02%
% of Operating Profit -70.44% 45.94% 42.21%
Other Income/Expense, Net -$600.0K $16.00K $0.00
YoY Change -82.02% -100.0%
Pretax Income -$14.80M $16.56M $18.10M
YoY Change -181.77% 8.9% 61.61%
Income Tax $200.0K $200.0K $800.0K
% Of Pretax Income 1.21% 4.42%
Net Earnings -$9.200M $44.28M $22.31M
YoY Change -141.24% 43.47% 18.92%
Net Earnings / Revenue -3.83% 32.46% 18.86%
Basic Earnings Per Share $1.04 $0.53
Diluted Earnings Per Share -$115.9K $1.04 $0.53
COMMON SHARES
Basic Shares Outstanding 74.78B shares 42.70M shares 42.27M shares
Diluted Shares Outstanding 42.70M shares

Balance Sheet

Concept 2013 Q4 2013 Q3 2012 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $89.00M $181.0M $9.000M
YoY Change 888.89% 1292.31% -84.21%
Cash & Equivalents $89.00M $181.1M $9.075M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $89.00M $181.0M $9.000M
YoY Change 888.89% 1292.31% -84.21%
LONG-TERM ASSETS
Property, Plant & Equipment $6.551B $2.721B $2.689B
YoY Change 143.62% 1.04% 11.72%
Goodwill $4.106M $4.106M
YoY Change 0.0% 0.0%
Intangibles
YoY Change
Long-Term Investments $5.000M $3.000M $5.000M
YoY Change 0.0% -40.0% -70.59%
Other Assets $101.0M $72.00M $15.00M
YoY Change 573.33% 166.67% -6.25%
Total Long-Term Assets $6.753B $2.847B $2.742B
YoY Change 146.27% 3.06% 21.09%
TOTAL ASSETS
Total Short-Term Assets $89.00M $181.0M $9.000M
Total Long-Term Assets $6.753B $2.847B $2.742B
Total Assets $6.842B $3.028B $2.751B
YoY Change 148.7% 9.09% 18.5%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $15.00M $7.000M $5.000M
YoY Change 200.0% 16.67% 150.0%
Accrued Expenses $206.0M $109.0M $95.00M
YoY Change 116.84% 7.92% 3.26%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $230.0M $123.0M $107.0M
YoY Change 114.95% 7.89% 7.0%
LONG-TERM LIABILITIES
Long-Term Debt $3.473B $1.860B $1.674B
YoY Change 107.47% 9.03% 1.45%
Other Long-Term Liabilities $20.00M $10.00M $21.00M
YoY Change -4.76% -61.54% -36.36%
Total Long-Term Liabilities $3.493B $1.870B $1.695B
YoY Change 106.08% 7.97% 0.71%
TOTAL LIABILITIES
Total Short-Term Liabilities $230.0M $123.0M $107.0M
Total Long-Term Liabilities $3.493B $1.870B $1.695B
Total Liabilities $3.890B $1.993B $1.801B
YoY Change 115.96% 7.98% 1.46%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.952B $990.4M $914.1M
YoY Change
Total Liabilities & Shareholders Equity $6.842B $3.028B $2.751B
YoY Change 148.7% 9.09% 18.5%

Cashflow Statement

Concept 2013 Q4 2013 Q3 2012 Q4
OPERATING ACTIVITIES
Net Income -$9.200M $44.28M $22.31M
YoY Change -141.24% 43.47% 18.92%
Depreciation, Depletion And Amortization $87.50M $34.00M $34.50M
YoY Change 153.62% 1.8% 8.49%
Cash From Operating Activities $89.60M $59.40M $53.00M
YoY Change 69.06% 4.03% 22.97%
INVESTING ACTIVITIES
Capital Expenditures -$96.90M -$23.50M -$31.50M
YoY Change 207.62% -90.4% -76.46%
Acquisitions
YoY Change
Other Investing Activities $107.5M $300.0K $13.20M
YoY Change 714.39% -99.36% 2.33%
Cash From Investing Activities $10.60M -$23.20M -$18.20M
YoY Change -158.24% -88.27% -84.96%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -191.9M 136.0M -39.10M
YoY Change 390.79% 3.26% -135.26%
NET CHANGE
Cash From Operating Activities 89.60M 59.40M 53.00M
Cash From Investing Activities 10.60M -23.20M -18.20M
Cash From Financing Activities -191.9M 136.0M -39.10M
Net Change In Cash -91.70M 172.2M -4.300M
YoY Change 2032.56% -2013.33% -113.03%
FREE CASH FLOW
Cash From Operating Activities $89.60M $59.40M $53.00M
Capital Expenditures -$96.90M -$23.50M -$31.50M
Free Cash Flow $186.5M $82.90M $84.50M
YoY Change 120.71% -72.53% -52.23%

Facts In Submission

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DiscontinuedOperationAmountOfOtherIncomeLossFromDispositionOfDiscontinuedOperationNetOfTax
99000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations
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14668000 USD
CY2013Q3 us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operation Net Of Tax
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-1000 USD
us-gaap Discontinued Operation Amount Of Other Income Loss From Disposition Of Discontinued Operation Net Of Tax
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43000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
38474000 USD
CY2012Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
16092000 USD
CY2013Q3 us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
28788000 USD
us-gaap Discontinued Operation Gain Loss On Disposal Of Discontinued Operation Net Of Tax
DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax
71909000 USD
CY2012Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
753000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
3439000 USD
CY2013Q3 us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
650000 USD
us-gaap Discontinued Operation Income Loss From Discontinued Operation During Phase Out Period Net Of Tax
DiscontinuedOperationIncomeLossFromDiscontinuedOperationDuringPhaseOutPeriodNetOfTax
4206000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
11198000 USD
CY2013Q3 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
837000 USD
CY2012Q3 us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
2839000 USD
us-gaap Disposal Group Including Discontinued Operation Operating Income Loss
DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss
5655000 USD
us-gaap Distribution Made To Member Or Limited Partner Distributions Declared Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnit
1.98
us-gaap Distribution Made To Member Or Limited Partner Distributions Declared Per Unit
DistributionMadeToMemberOrLimitedPartnerDistributionsDeclaredPerUnit
2.0850
us-gaap Dividends Common Stock
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89109000 USD
us-gaap Dividends Common Stock
DividendsCommonStock
81813000 USD
us-gaap Earnings Per Share Basic
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2.04
CY2012Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.74
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.92
CY2013Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
1.04
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.91
CY2012Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.74
CY2013Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
1.04
us-gaap Error Corrections And Prior Period Adjustments Description
ErrorCorrectionsAndPriorPeriodAdjustmentsDescription
0
us-gaap Escrow Deposit Disbursements Related To Property Acquisition
EscrowDepositDisbursementsRelatedToPropertyAcquisition
0 USD
us-gaap Escrow Deposit Disbursements Related To Property Acquisition
EscrowDepositDisbursementsRelatedToPropertyAcquisition
-57380000 USD
CY2012Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
98044000 USD
CY2013Q3 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
102013000 USD
CY2012Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
48000 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
45000 USD
CY2013Q3 us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
0 USD
us-gaap Gain Loss On Sale Of Other Assets
GainLossOnSaleOfOtherAssets
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-387000 USD
CY2013Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-218000 USD
CY2012Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
0 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
5000 USD
CY2012Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3527000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10436000 USD
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3976000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
10604000 USD
CY2013Q3 us-gaap Goodwill
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4106000 USD
CY2012Q4 us-gaap Goodwill
Goodwill
4106000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
52211000 USD
us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
42164000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
16944000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
75343000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
1971000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
1127000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
15974000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
466000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
645000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
1731000 USD
us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
1535000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15206000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
44065000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
53585000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
16559000 USD
CY2013Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
16619000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
53746000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
15134000 USD
us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
43895000 USD
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.35
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
0.38
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.22
us-gaap Income Loss From Continuing Operations Per Basic Share
IncomeLossFromContinuingOperationsPerBasicShare
1.03
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.03
us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
1.21
CY2013Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.38
CY2012Q3 us-gaap Income Loss From Continuing Operations Per Diluted Share
IncomeLossFromContinuingOperationsPerDilutedShare
0.35
us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
42723000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax
IncomeLossFromDiscontinuedOperationsNetOfTax
29437000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
746000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Noncontrolling Interest
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToNoncontrollingInterest
3001000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
40752000 USD
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
16198000 USD
us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
72342000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Attributable To Reporting Entity
IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity
28310000 USD
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.66
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
1.01
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
0.39
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerBasicShare
1.70
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
1.70
CY2013Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.66
CY2012Q3 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
0.39
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Diluted Share
IncomeLossFromDiscontinuedOperationsNetOfTaxPerDilutedShare
1.00
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
161000 USD
CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
60000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-170000 USD
CY2012Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-72000 USD
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
161000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
2377000 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
3572000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
10040000 USD
us-gaap Increase Decrease In Other Accrued Liabilities
IncreaseDecreaseInOtherAccruedLiabilities
12951000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
4569000 USD
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
7611000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
391000 USD
us-gaap Increase Decrease In Restricted Cash
IncreaseDecreaseInRestrictedCash
-63000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
223000 USD
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
445000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1118000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1844000 USD
CY2012Q3 us-gaap Interest Expense
InterestExpense
14530000 USD
CY2013Q3 us-gaap Interest Expense
InterestExpense
14941000 USD
us-gaap Interest Expense
InterestExpense
42428000 USD
us-gaap Interest Expense
InterestExpense
45715000 USD
us-gaap Interest Paid Net
InterestPaidNet
47735000 USD
us-gaap Interest Paid Net
InterestPaidNet
48534000 USD
CY2013Q3 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
10681000 USD
CY2012Q4 us-gaap Interest Rate Cash Flow Hedge Asset At Fair Value
InterestRateCashFlowHedgeAssetAtFairValue
245000 USD
CY2013Q3 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
9858000 USD
CY2012Q4 us-gaap Interest Rate Cash Flow Hedge Liability At Fair Value
InterestRateCashFlowHedgeLiabilityAtFairValue
21423000 USD
CY2012Q4 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
288000 USD
CY2013Q3 us-gaap Interest Rate Derivative Assets At Fair Value
InterestRateDerivativeAssetsAtFairValue
10738000 USD
CY2012Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
43000 USD
CY2013Q3 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Asset At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsAssetAtFairValue
57000 USD
CY2013Q3 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
0 USD
CY2012Q4 us-gaap Interest Rate Derivative Instruments Not Designated As Hedging Instruments Liability At Fair Value
InterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstrumentsLiabilityAtFairValue
0 USD
CY2012Q4 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
21423000 USD
CY2013Q3 us-gaap Interest Rate Derivative Liabilities At Fair Value
InterestRateDerivativeLiabilitiesAtFairValue
9858000 USD
CY2013Q3 us-gaap Inventory Real Estate Other
InventoryRealEstateOther
7664000 USD
CY2012Q4 us-gaap Inventory Real Estate Other
InventoryRealEstateOther
8065000 USD
CY2013Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
3237000 USD
CY2012Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4837000 USD
CY2012Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
14156000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
40966000 USD
us-gaap Labor And Related Expense
LaborAndRelatedExpense
43791000 USD
CY2013Q3 us-gaap Labor And Related Expense
LaborAndRelatedExpense
15085000 USD
CY2013Q3 us-gaap Land
Land
394848000 USD
CY2012Q4 us-gaap Land
Land
386670000 USD
CY2012Q4 us-gaap Land Available For Development
LandAvailableForDevelopment
1205000 USD
CY2013Q3 us-gaap Land Available For Development
LandAvailableForDevelopment
5450000 USD
CY2012Q4 us-gaap Liabilities
Liabilities
1801245000 USD
CY2013Q3 us-gaap Liabilities
Liabilities
1993197000 USD
CY2012Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
2751068000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3574000 USD
us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
3775000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3577000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
2655000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
158021000 USD
CY2013Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
3028257000 USD
CY2012Q3 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
209000 USD
us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
465000 USD
us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
687000 USD
CY2013Q3 us-gaap Management Fees Base Revenue
ManagementFeesBaseRevenue
146000 USD
CY2013Q3 us-gaap Minority Interest
MinorityInterest
39644000 USD
CY2012Q4 us-gaap Minority Interest
MinorityInterest
31058000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3557000 USD
us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
3667000 USD
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 USD
us-gaap Minority Interest Period Increase Decrease
MinorityInterestPeriodIncreaseDecrease
0 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
97618000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
109066000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-310982000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-94365000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
168777000 USD
us-gaap Net Income Loss
NetIncomeLoss
82916000 USD
us-gaap Net Income Loss
NetIncomeLoss
124553000 USD
CY2013Q3 us-gaap Net Income Loss
NetIncomeLoss
44284000 USD
CY2012Q3 us-gaap Net Income Loss
NetIncomeLoss
30866000 USD
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1772000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4536000 USD
CY2012Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1212000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
3702000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
82916000 USD
CY2013Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
44284000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
124553000 USD
CY2012Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
30866000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
343000 USD
CY2012Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
89000 USD
us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
86000 USD
CY2013Q3 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
16000 USD
us-gaap Notes Assumed1
NotesAssumed1
18293000 USD
us-gaap Notes Assumed1
NotesAssumed1
30290000 USD
CY2012Q4 us-gaap Notes Payable
NotesPayable
1670000000 USD
CY2013Q3 us-gaap Notes Payable
NotesPayable
1860000000 USD
CY2013Q3 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
160 Property
CY2013Q3 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
13 States
CY2013Q3 us-gaap Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
48343
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
235765000 USD
CY2013Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
89153000 USD
us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
258273000 USD
CY2012Q3 us-gaap Operating Costs And Expenses
OperatingCostsAndExpenses
82268000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
101573000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
88735000 USD
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
32522000 USD
CY2012Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
30592000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
323223000 USD
CY2012Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
113015000 USD
us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
366191000 USD
CY2013Q3 us-gaap Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
125522000 USD
CY2013Q3 us-gaap Other Assets
OtherAssets
47030000 USD
CY2012Q4 us-gaap Other Assets
OtherAssets
29166000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
22194000 USD
us-gaap Other Comprehensive Income Loss Derivatives Qualifying As Hedges Net Of Tax
OtherComprehensiveIncomeLossDerivativesQualifyingAsHedgesNetOfTax
7111000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
1730000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToNoncontrollingInterest
739000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
21455000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Portion Attributable To Parent
OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
5381000 USD
CY2012Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8653000 USD
CY2013Q3 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
9160000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
26758000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
24928000 USD
CY2013Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
10772000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
31596000 USD
us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
29084000 USD
CY2012Q3 us-gaap Other Real Estate Revenue
OtherRealEstateRevenue
9966000 USD
CY2013Q3 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
5193000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
15970000 USD
us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
16484000 USD
CY2012Q3 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
5460000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
36989000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
35412000 USD
CY2013Q4 us-gaap Payments For Proceeds From Derivative Instrument Investing Activities
PaymentsForProceedsFromDerivativeInstrumentInvestingActivities
9600000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
682000 USD
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
1863000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
79855000 USD
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
88814000 USD
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
11880000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
173960000 USD
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
25038000 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
0 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
204000 USD
us-gaap Payments To Acquire Equity Method Investments
PaymentsToAcquireEquityMethodInvestments
183000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
54242000 USD
us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
26129000 USD
CY2013Q4 us-gaap Preferred Units Issued
PreferredUnitsIssued
125 shares
us-gaap Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
8311000 USD
us-gaap Proceeds From Notes Payable
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<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">&#160;Recent Accounting Pronouncements</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%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">Impact of Recently Issued Accounting Standards</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;">&#160;</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In February 2013, the FASB issued Accounting Standards Update, or ASU, No. 2013-02, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income</font><font style="font-family:inherit;font-size:10pt;">. Under ASU 2013-02, an entity is required to provide information about the amounts reclassified out of Accumulated other comprehensive income, or AOCI, by component. In addition, an entity is required to present, either on the face of the financial statements or in the notes, significant amounts reclassified out of AOCI by the respective line items of net income, but only if the amount reclassified is required to be reclassified in its entirety in the same reporting period. For amounts that are not required to be reclassified in their entirety to net income, an entity is required to cross-reference to other disclosures that provide additional details about those amounts. ASU 2013-02 does not change the</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">current requirements for reporting net income or other comprehensive income in the financial statements. ASU 2013-02 is effective for interim and annual periods beginning after December 15, 2012 and early adoption is permitted. We early adopted ASU 2013-02 for the annual period ended December 31, 2012. The adoption of ASU 2013-02 has not had a material impact on our consolidated financial condition or results of operations taken as a whole.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In January 2013, the FASB issued ASU, No. 2013-01, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Clarifying the Scope of Disclosures about Offsetting Assets and Liabilities</font><font style="font-family:inherit;font-size:10pt;">. ASU 2013-01 clarifies that the scope of ASU 2011-11, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Disclosures about Offsetting Assets and Liabilities</font><font style="font-family:inherit;font-size:10pt;">, would apply to derivatives accounted for in accordance with FASB ASC 815, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Derivatives and Hedging</font><font style="font-family:inherit;font-size:10pt;">, including bifurcated embedded derivatives, repurchase agreements and reverse repurchase agreements, and securities borrowing and securities lending transactions that are either offset in accordance with ASC 210-20-45 or ASC 815-10-45 or subject to an enforceable master netting arrangement or similar agreement. This ASU is effective for fiscal years beginning on or after January 1, 2013 and interim periods within those annual periods. We adopted ASU 2013-01 during the period ended March 31, 2013. The adoption of ASU 2013-01 has not had a material impact on our consolidated financial condition or results of operations taken as a whole.</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">In May 2011, the FASB issued ASU No. 2011-04, </font><font style="font-family:inherit;font-size:10pt;font-style:italic;">Fair Value Measurement (Topic 820): Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U.S. GAAP and IFRSs. </font><font style="font-family:inherit;font-size:10pt;">The amendments change the wording, mainly for clarification, used to describe many of the requirements in U.S. GAAP for measuring fair value and for disclosing information about fair value measurements. For many of the requirements, the Board does not intend for the amendments in this update to result in a change in the application of the requirements in ASU 2011-04. The amendments in this ASU are to be applied prospectively. The amendments are effective during interim and annual periods beginning after December 15, 2011. We adopted ASU 2011-04 for the interim and annual periods of fiscal year 2012. The adoption of ASU 2011-04 has not had a material impact on our consolidated financial condition or results of operations taken as a whole.</font></div></div>
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maa Redeemable Stock Issued
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CY2013Q1 maa Shares Subject To Issuance Pursuant To Sales Agreement
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dei Amendment Flag
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dei Current Fiscal Year End Date
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dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2013
dei Document Period End Date
DocumentPeriodEndDate
2013-09-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000912595
CY2013Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
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dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Accelerated Filer
CY2013Q3 dei Entity Public Float
EntityPublicFloat
2896227801 USD
dei Entity Registrant Name
EntityRegistrantName
MID AMERICA APARTMENT COMMUNITIES INC
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes
dei Trading Symbol
TradingSymbol
MAA

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0000912595-13-000027.txt Edgar Link pending
0000912595-13-000027-xbrl.zip Edgar Link pending
exhibit1020-maaq32013.htm Edgar Link pending
exhibit1021-maaq32013.htm Edgar Link pending
exhibit1022-maaq32013.htm Edgar Link pending
exhibit121-q32013.htm Edgar Link pending
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