2018 Q4 Form 10-Q Financial Statement
#000091259518000056 Filed on November 01, 2018
Income Statement
| Concept | 2018 Q4 |
|---|---|
| Revenue | $398.1M |
| YoY Change | 4.02% |
| Cost Of Revenue | $158.8M |
| YoY Change | 4.54% |
| Gross Profit | $239.4M |
| YoY Change | 3.73% |
| Gross Profit Margin | 60.14% |
| Selling, General & Admin | $9.100M |
| YoY Change | -4.21% |
| % of Gross Profit | 3.8% |
| Research & Development | |
| YoY Change | |
| % of Gross Profit | |
| Depreciation & Amortization | $121.8M |
| YoY Change | 1.84% |
| % of Gross Profit | 50.88% |
| Operating Expenses | $130.6M |
| YoY Change | 1.32% |
| Operating Profit | $108.8M |
| YoY Change | 6.77% |
| Interest Expense | -$46.70M |
| YoY Change | 17.63% |
| % of Operating Profit | -42.92% |
| Other Income/Expense, Net | $1.700M |
| YoY Change | -48.48% |
| Pretax Income | $63.70M |
| YoY Change | -50.39% |
| Income Tax | $800.0K |
| % Of Pretax Income | 1.26% |
| Net Earnings | $61.30M |
| YoY Change | -50.36% |
| Net Earnings / Revenue | 15.4% |
| Basic Earnings Per Share | |
| Diluted Earnings Per Share | $538.2K |
| COMMON SHARES | |
| Basic Shares Outstanding | 113.8M shares |
| Diluted Shares Outstanding |
Balance Sheet
| Concept | 2018 Q4 |
|---|---|
| SHORT-TERM ASSETS | |
| Cash & Short-Term Investments | $34.00M |
| YoY Change | 209.09% |
| Cash & Equivalents | $34.26M |
| Short-Term Investments | |
| Other Short-Term Assets | |
| YoY Change | |
| Inventory | $58.00M |
| Prepaid Expenses | |
| Receivables | |
| Other Receivables | |
| Total Short-Term Assets | $92.00M |
| YoY Change | 736.36% |
| LONG-TERM ASSETS | |
| Property, Plant & Equipment | $11.05B |
| YoY Change | -1.5% |
| Goodwill | |
| YoY Change | |
| Intangibles | |
| YoY Change | |
| Long-Term Investments | $44.00M |
| YoY Change | -2.22% |
| Other Assets | $17.00M |
| YoY Change | -79.52% |
| Total Long-Term Assets | $11.23B |
| YoY Change | -2.17% |
| TOTAL ASSETS | |
| Total Short-Term Assets | $92.00M |
| Total Long-Term Assets | $11.23B |
| Total Assets | $11.32B |
| YoY Change | -1.46% |
| SHORT-TERM LIABILITIES | |
| YoY Change | |
| Accounts Payable | |
| YoY Change | |
| Accrued Expenses | $414.0M |
| YoY Change | 1.97% |
| Deferred Revenue | |
| YoY Change | |
| Short-Term Debt | $0.00 |
| YoY Change | |
| Long-Term Debt Due | |
| YoY Change | |
| Total Short-Term Liabilities | $414.0M |
| YoY Change | 1.97% |
| LONG-TERM LIABILITIES | |
| Long-Term Debt | $4.528B |
| YoY Change | 0.58% |
| Other Long-Term Liabilities | |
| YoY Change | |
| Total Long-Term Liabilities | $4.528B |
| YoY Change | 0.58% |
| TOTAL LIABILITIES | |
| Total Short-Term Liabilities | $414.0M |
| Total Long-Term Liabilities | $4.528B |
| Total Liabilities | $4.942B |
| YoY Change | -3.89% |
| 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 | $6.150B |
| YoY Change | |
| Total Liabilities & Shareholders Equity | $11.32B |
| YoY Change | -1.46% |
Cashflow Statement
| Concept | 2018 Q4 |
|---|---|
| OPERATING ACTIVITIES | |
| Net Income | $61.30M |
| YoY Change | -50.36% |
| Depreciation, Depletion And Amortization | $121.8M |
| YoY Change | 1.84% |
| Cash From Operating Activities | $133.2M |
| YoY Change | 28.94% |
| INVESTING ACTIVITIES | |
| Capital Expenditures | -$79.00M |
| YoY Change | -46.55% |
| Acquisitions | |
| YoY Change | |
| Other Investing Activities | $500.0K |
| YoY Change | -99.48% |
| Cash From Investing Activities | -$78.60M |
| YoY Change | 53.82% |
| FINANCING ACTIVITIES | |
| Cash Dividend Paid | |
| YoY Change | |
| Common Stock Issuance & Retirement, Net | |
| YoY Change | |
| Debt Paid & Issued, Net | |
| YoY Change | |
| Cash From Financing Activities | -82.30M |
| YoY Change | -9.96% |
| NET CHANGE | |
| Cash From Operating Activities | 133.2M |
| Cash From Investing Activities | -78.60M |
| Cash From Financing Activities | -82.30M |
| Net Change In Cash | -27.70M |
| YoY Change | -29.34% |
| FREE CASH FLOW | |
| Cash From Operating Activities | $133.2M |
| Capital Expenditures | -$79.00M |
| Free Cash Flow | $212.2M |
| YoY Change | -15.49% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| dei |
Entity Registrant Name
EntityRegistrantName
|
MID AMERICA APARTMENT COMMUNITIES INC., | ||
| dei |
Amendment Flag
AmendmentFlag
|
false | ||
| dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
| dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
| dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2018 | ||
| dei |
Document Period End Date
DocumentPeriodEndDate
|
2018-09-30 | ||
| dei |
Document Type
DocumentType
|
10-Q | ||
| dei |
Entity Central Index Key
EntityCentralIndexKey
|
0000912595 | ||
| CY2018Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
113837767 | shares |
| dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
| dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
| dei |
Entity Filer Category
EntityFilerCategory
|
Accelerated Filer | ||
| dei |
Entity Small Business
EntitySmallBusiness
|
false | ||
| dei |
Trading Symbol
TradingSymbol
|
MAA | ||
| CY2017Q3 | maa |
Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
|
117827046 | shares |
| CY2018Q3 | maa |
Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
|
117952415 | shares |
| CY2018Q3 | maa |
Credit Risk Related Contingent Features Termination Value
CreditRiskRelatedContingentFeaturesTerminationValue
|
0 | USD |
| maa |
Limited Liability Ll Cor Limited Partnership Lp Managing Memberor General Partner Ownership Interest
LimitedLiabilityLLCorLimitedPartnershipLPManagingMemberorGeneralPartnerOwnershipInterest
|
0.965 | ||
| CY2018Q3 | maa |
Occupancy Levelfor Stabilized Communities
OccupancyLevelforStabilizedCommunities
|
0.9 | |
| CY2017Q3 | maa |
Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
|
117827046 | shares |
| CY2018Q3 | maa |
Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
|
117952415 | shares |
| maa |
Percentage Of Rental Revenue And Other Income From Leasing Of Apartment Homes
PercentageOfRentalRevenueAndOtherIncomeFromLeasingOfApartmentHomes
|
0.93 | ||
| maa |
Percentageof Rental Revenueand Other Income From Nonleasing Activities
PercentageofRentalRevenueandOtherIncomeFromNonleasingActivities
|
0.07 | ||
| maa |
Period Properties Owned And Stabilized
PeriodPropertiesOwnedAndStabilized
|
P12M | ||
| maa |
Period Properties Stabilized
PeriodPropertiesStabilized
|
P90D | ||
| CY2018Q3 | us-gaap |
Cash Flow Hedges Derivative Instruments At Fair Value Net
CashFlowHedgesDerivativeInstrumentsAtFairValueNet
|
300000000 | USD |
| CY2017Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
113627014 | shares |
| CY2018Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
113838139 | shares |
| CY2018Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.037 | |
| CY2017Q3 | us-gaap |
General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
|
113627014 | shares |
| CY2018Q3 | us-gaap |
General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
|
113838139 | shares |
| us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.964 | ||
| CY2018Q3 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
4114276 | shares |
| CY2017Q4 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
32100000 | USD |
| CY2018Q3 | us-gaap |
Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
|
23400000 | USD |
| us-gaap |
Maximum Length Of Time Hedged In Cash Flow Hedge1
MaximumLengthOfTimeHedgedInCashFlowHedge1
|
P10Y | ||
| CY2018Q3 | us-gaap |
Notes Payable
NotesPayable
|
4504023000 | USD |
| CY2018Q3 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
303 | Communities |
| CY2018Q3 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
303 | Property |
| CY2018Q3 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
17 | States |
| us-gaap |
Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
|
4.25 | ||
| us-gaap |
Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
|
0.0850 | ||
| CY2018Q3 | us-gaap |
Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
|
50.00 | |
| CY2018Q3 | us-gaap |
Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
|
43400000 | USD |
| us-gaap |
Preferred Stock Redemption Date
PreferredStockRedemptionDate
|
2026-10-01 | ||
| CY2018Q3 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
50 | |
| CY2018Q3 | us-gaap |
Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
|
50.00 | |
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
47956 | shares | |
| us-gaap |
Treasury Stock Shares Acquired
TreasuryStockSharesAcquired
|
32391 | shares |
