2021 Q4 Form 10-K Financial Statement

#000095017022001423 Filed on February 17, 2022

View on sec.gov

Income Statement

Concept 2021 Q4 2021 2020 Q4
Revenue $463.6M $1.778B $423.7M
YoY Change 9.41% 5.97% 1.66%
Cost Of Revenue $182.3M $726.9M $173.3M
YoY Change 5.2% 4.92% 5.93%
Gross Profit $281.3M $1.051B $250.4M
YoY Change 12.33% 6.7% -1.11%
Gross Profit Margin 60.67% 59.12% 59.1%
Selling, General & Admin $14.12M $52.88M $11.70M
YoY Change 20.69% 12.76% 7.34%
% of Gross Profit 5.02% 5.03% 4.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $135.7M $534.4M $129.8M
YoY Change 4.57% 4.44% 3.34%
% of Gross Profit 48.26% 50.84% 51.84%
Operating Expenses $149.6M $586.3M $141.2M
YoY Change 5.96% 5.13% 3.6%
Operating Profit $131.7M $464.9M $109.2M
YoY Change 20.56% 8.74% -6.59%
Interest Expense -$28.52M $156.9M -$23.10M
YoY Change 23.45% -6.37% -49.12%
% of Operating Profit -21.66% 33.75% -21.15%
Other Income/Expense, Net $7.212M $33.90M $400.0K
YoY Change 1703.0% 598.0% -66.67%
Pretax Income $198.4M $563.1M $86.70M
YoY Change 128.85% 111.83% -44.24%
Income Tax $7.790M $13.64M $800.0K
% Of Pretax Income 3.93% 2.42% 0.92%
Net Earnings $185.6M $533.8M $83.30M
YoY Change 122.86% 109.36% -44.32%
Net Earnings / Revenue 40.05% 30.02% 19.66%
Basic Earnings Per Share $4.62
Diluted Earnings Per Share $1.607M $4.61 $727.5K
COMMON SHARES
Basic Shares Outstanding 115.1M 114.7M
Diluted Shares Outstanding 115.0M

Balance Sheet

Concept 2021 Q4 2021 2020 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $54.30M $54.30M $25.00M
YoY Change 117.21% 117.21% 25.0%
Cash & Equivalents $54.30M $54.30M $25.20M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $24.02M $24.02M $61.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $78.32M $78.32M $86.00M
YoY Change -8.93% -8.93% 56.36%
LONG-TERM ASSETS
Property, Plant & Equipment $10.88B $10.88B $10.91B
YoY Change -0.3% -0.3% -0.47%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $122.2M $122.2M $66.00M
YoY Change 85.19% 85.19% 50.0%
Other Assets $76.30M $76.30M $10.00M
YoY Change 662.96% 662.96% -80.0%
Total Long-Term Assets $11.21B $11.21B $11.11B
YoY Change 0.88% 0.88% -0.6%
TOTAL ASSETS
Total Short-Term Assets $78.32M $78.32M $86.00M
Total Long-Term Assets $11.21B $11.21B $11.11B
Total Assets $11.29B $11.29B $11.19B
YoY Change 0.81% 0.81% -0.32%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $584.4M $584.4M $528.0M
YoY Change 10.68% 10.68% 11.86%
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 $584.4M $584.4M $528.0M
YoY Change 10.68% 10.68% 11.86%
LONG-TERM LIABILITIES
Long-Term Debt $4.517B $4.517B $4.563B
YoY Change -1.01% -1.01% 2.42%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.517B $4.517B $4.563B
YoY Change -1.01% -1.01% 2.42%
TOTAL LIABILITIES
Total Short-Term Liabilities $584.4M $584.4M $528.0M
Total Long-Term Liabilities $4.517B $4.517B $4.563B
Total Liabilities $5.101B $5.290B $5.091B
YoY Change 0.2% -0.34% 3.33%
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 $5.965B $5.995B $5.872B
YoY Change
Total Liabilities & Shareholders Equity $11.29B $11.29B $11.19B
YoY Change 0.81% 0.81% -0.32%

Cashflow Statement

Concept 2021 Q4 2021 2020 Q4
OPERATING ACTIVITIES
Net Income $185.6M $533.8M $83.30M
YoY Change 122.86% 109.36% -44.32%
Depreciation, Depletion And Amortization $135.7M $534.4M $129.8M
YoY Change 4.57% 4.44% 3.34%
Cash From Operating Activities $216.7M $895.0M $180.0M
YoY Change 20.4% 8.62% 12.57%
INVESTING ACTIVITIES
Capital Expenditures -$122.9M -$557.3M -$190.7M
YoY Change -35.55% 15.17% 15.09%
Acquisitions
YoY Change
Other Investing Activities $139.0M $303.7M -$800.0K
YoY Change -17471.62% -38064.88% -100.51%
Cash From Investing Activities $16.07M -$253.6M -$191.5M
YoY Change -108.39% -47.69% 2419.74%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -143.7M -546.4M 19.60M
YoY Change -833.21% 46.04% -115.74%
NET CHANGE
Cash From Operating Activities 216.7M 895.0M 180.0M
Cash From Investing Activities 16.07M -253.6M -191.5M
Cash From Financing Activities -143.7M -546.4M 19.60M
Net Change In Cash 89.08M 94.98M 8.100M
YoY Change 999.72% -371.95% -70.86%
FREE CASH FLOW
Cash From Operating Activities $216.7M $895.0M $180.0M
Capital Expenditures -$122.9M -$557.3M -$190.7M
Free Cash Flow $339.6M $1.452B $370.7M
YoY Change -8.38% 11.04% 13.85%

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CY2021 us-gaap Use Of Estimates
UseOfEstimates
<p style="text-indent:0.0%;font-size:10.0pt;margin-top:8.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:8.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:bold;font-size:10.0pt;font-family:Times New Roman;">Use of Estimates</span></p><p style="text-indent:0.0%;font-size:10.0pt;margin-top:0.0pt;line-height:1.15;font-family:Times New Roman;margin-bottom:8.0pt;text-align:left;"><span style="background-color:rgba(0,0,0,0);color:rgba(0,0,0,1);white-space:pre-wrap;font-weight:normal;font-size:10.0pt;font-family:Times New Roman;">Management has made a number of estimates and assumptions relating to the reporting of assets and liabilities, the disclosure of contingent assets and liabilities, and the reported amounts of revenues and expenses to prepare these financial statements and notes in conformity with GAAP. Actual results could differ from those estimates.</span><span style="white-space:pre-wrap;font-size:10.0pt;font-family:Times New Roman;"> </span></p>
CY2021 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
550702000
CY2020 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
264015000
CY2019 us-gaap Income Loss From Continuing Operations Including Portion Attributable To Noncontrolling Interest
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
366618000
CY2021 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
16911000
CY2020 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
9053000
CY2019 us-gaap Income Loss From Continuing Operations Attributable To Noncontrolling Entity
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
12807000
CY2021 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
539000
CY2020 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
338000
CY2019 maa Income Loss From Continuing Operations Allocated To Unvested Restricted Shares
IncomeLossFromContinuingOperationsAllocatedToUnvestedRestrictedShares
519000
CY2021 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3688000
CY2020 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3688000
CY2019 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3688000
CY2021 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
529564000
CY2020 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
250936000
CY2019 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Basic
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersBasic
349604000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114717000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114188000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113854000
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
4.62
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
2.20
CY2019 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
3.07
CY2021 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
550702000
CY2020 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
264015000
CY2019 maa Incomefrom Continuing Operations Including Portion Attributableto Noncontrolling Interest
IncomefromContinuingOperationsIncludingPortionAttributabletoNoncontrollingInterest
366618000
CY2021 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
-16911000
CY2020 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
-9053000
CY2019 maa Incomefrom Continuing Operations Attributableto Noncontrolling Interest
IncomefromContinuingOperationsAttributabletoNoncontrollingInterest
-12807000
CY2021 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3688000
CY2020 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3688000
CY2019 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
3688000
CY2021 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
530103000
CY2020 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
251274000
CY2019 maa Adjusted Income Loss From Continuing Operations Available For Common Shareholders Diluted
AdjustedIncomeLossFromContinuingOperationsAvailableForCommonShareholdersDiluted
350123000
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114717000
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
114188000
CY2019 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
113854000
CY2021 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
322
CY2020 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
312
CY2019 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
259
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
115039000
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114500000
CY2019 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
114113000
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
4.61
CY2020 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
2.19
CY2019 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
3.07
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
18200000
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
16000000.0
CY2019 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
14700000
CY2021 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1500000
CY2020 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1700000
CY2019 us-gaap Employee Service Share Based Compensation Allocation Of Recognized Period Costs Capitalized Amount
EmployeeServiceShareBasedCompensationAllocationOfRecognizedPeriodCostsCapitalizedAmount
1000000.0
CY2021Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
14000000.0
CY2021 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P0Y9M18D
CY2021 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
9000000.0
CY2020 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
5700000
CY2019 us-gaap Employee Service Share Based Compensation Cash Flow Effect Cash Used To Settle Awards
EmployeeServiceShareBasedCompensationCashFlowEffectCashUsedToSettleAwards
3700000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
15800000
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
13900000
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Vested In Period Total Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsVestedInPeriodTotalFairValue
9300000
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2019 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
19845
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
77.83
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
19032
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
77.67
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
813
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
81.41
CY2021Q4 us-gaap Notes Payable
NotesPayable
4516690000
CY2020Q4 us-gaap Notes Payable
NotesPayable
4562712000
CY2021Q4 us-gaap Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
0.034
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
124827000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
348834000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
398024000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
402424000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
296430000
CY2021Q4 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
2946151000
CY2021Q4 us-gaap Notes Payable
NotesPayable
4516690000
CY2021 us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2021Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
CY2021 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
51800000
CY2020 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
5800000
CY2019 us-gaap Interest Income Securities Taxable
InterestIncomeSecuritiesTaxable
4200000
CY2021 maa Income Tax Expense
IncomeTaxExpense
10900000
CY2020 maa Income Tax Expense
IncomeTaxExpense
800000
CY2019 maa Income Tax Expense
IncomeTaxExpense
1000000.0
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13600000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3300000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3700000
CY2021Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
328000
CY2020Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
308000
CY2021Q4 maa Unrealized Gain From Limited Partnerships
UnrealizedGainFromLimitedPartnerships
12946000
CY2020Q4 maa Unrealized Gain From Limited Partnerships
UnrealizedGainFromLimitedPartnerships
2087000
CY2021Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
246000
CY2020Q4 us-gaap Deferred Tax Liabilities Other
DeferredTaxLiabilitiesOther
275000
CY2021Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
13192000
CY2020Q4 us-gaap Deferred Tax Liabilities
DeferredTaxLiabilities
2362000
CY2021Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
12864000
CY2020Q4 us-gaap Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
2054000
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2020Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2019Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
54400000
CY2021 maa Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
2.43
CY2021 maa Ordinary Income Dividends Per Share Percentage
OrdinaryIncomeDividendsPerSharePercentage
0.5918
CY2020 maa Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
4.00
CY2020 maa Ordinary Income Dividends Per Share Percentage
OrdinaryIncomeDividendsPerSharePercentage
0.9998
CY2019 maa Ordinary Income Dividends Per Share
OrdinaryIncomeDividendsPerShare
3.51
CY2019 maa Ordinary Income Dividends Per Share Percentage
OrdinaryIncomeDividendsPerSharePercentage
0.9139
CY2021 maa Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
1.36
CY2021 maa Returnof Capital Dividends Per Share Percentage
ReturnofCapitalDividendsPerSharePercentage
0.3315
CY2020 maa Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.00
CY2020 maa Returnof Capital Dividends Per Share Percentage
ReturnofCapitalDividendsPerSharePercentage
0.0002
CY2019 maa Return Of Capital Dividends Per Share
ReturnOfCapitalDividendsPerShare
0.21
CY2019 maa Returnof Capital Dividends Per Share Percentage
ReturnofCapitalDividendsPerSharePercentage
0.0554
CY2021 maa Unrecaptured Section1250 Gain Dividends Per Share
UnrecapturedSection1250GainDividendsPerShare
0.31
CY2021 maa Unrecaptured Section1250 Gain Dividends Per Share Percentage
UnrecapturedSection1250GainDividendsPerSharePercentage
0.0767
CY2020 maa Unrecaptured Section1250 Gain Dividends Per Share
UnrecapturedSection1250GainDividendsPerShare
0.00
CY2020 maa Unrecaptured Section1250 Gain Dividends Per Share Percentage
UnrecapturedSection1250GainDividendsPerSharePercentage
0.0000
CY2019 maa Unrecaptured Section1250 Gain Dividends Per Share
UnrecapturedSection1250GainDividendsPerShare
0.12
CY2019 maa Unrecaptured Section1250 Gain Dividends Per Share Percentage
UnrecapturedSection1250GainDividendsPerSharePercentage
0.0307
CY2021 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
4.10
CY2021 maa Common Stock Dividends Per Share Cash Paid Percentage
CommonStockDividendsPerShareCashPaidPercentage
1
CY2020 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
4.00
CY2020 maa Common Stock Dividends Per Share Cash Paid Percentage
CommonStockDividendsPerShareCashPaidPercentage
1
CY2019 us-gaap Common Stock Dividends Per Share Cash Paid
CommonStockDividendsPerShareCashPaid
3.84
CY2019 maa Common Stock Dividends Per Share Cash Paid Percentage
CommonStockDividendsPerShareCashPaidPercentage
1
CY2021Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
115336876
CY2021Q4 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
118542994
CY2020Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
114373727
CY2020Q4 maa Common Shares And Operating Partnership Units Outstanding
CommonSharesAndOperatingPartnershipUnitsOutstanding
118431384
CY2021Q4 us-gaap Preferred Stock Liquidation Preference
PreferredStockLiquidationPreference
50.00
CY2021 us-gaap Preferred Stock Redemption Date
PreferredStockRedemptionDate
2026-10-01
CY2021Q4 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
50.00
CY2021 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0850
CY2021 us-gaap Preferred Stock Dividend Rate Per Dollar Amount
PreferredStockDividendRatePerDollarAmount
4.25
CY2021Q4 us-gaap Preferred Stock Liquidation Preference Value
PreferredStockLiquidationPreferenceValue
43400000
CY2021Q4 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
118542994
CY2021Q4 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
290
CY2021 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2
CY2021Q4 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
115336876
CY2021Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
3206118
CY2020Q4 maa Operating Partnership Units Outstanding
OperatingPartnershipUnitsOutstanding
118431384
CY2020Q4 us-gaap General Partners Capital Account Units Outstanding
GeneralPartnersCapitalAccountUnitsOutstanding
114373727
CY2020Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
4057657
CY2021 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
4100000
CY2020 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3900000
CY2019 us-gaap Defined Contribution Plan Cost Recognized
DefinedContributionPlanCostRecognized
3500000
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Shares In Esop
EmployeeStockOwnershipPlanESOPSharesInESOP
122582
CY2021Q4 us-gaap Employee Stock Ownership Plan Esop Deferred Shares Fair Value
EmployeeStockOwnershipPlanESOPDeferredSharesFairValue
28100000
CY2021Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P32Y
CY2021Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.044
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Rolling Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths
2894000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
2885000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
2862000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
2872000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
2920000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
59993000
CY2021Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
74426000
CY2021Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
44175000
CY2021Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
30251000
CY2021Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5200000
CY2020Q4 us-gaap Loss Contingency Accrual At Carrying Value
LossContingencyAccrualAtCarryingValue
5300000
CY2021 maa Period Properties Owned And Stabilized
PeriodPropertiesOwnedAndStabilized
P12M
CY2021Q4 maa Occupancy Level For Stabilized Communities
OccupancyLevelForStabilizedCommunities
0.90
CY2021 maa Period Properties Stabilized
PeriodPropertiesStabilized
P90D
CY2021 us-gaap Revenues
Revenues
1778082000
CY2020 us-gaap Revenues
Revenues
1677984000
CY2019 us-gaap Revenues
Revenues
1641017000
CY2021 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
1106917000
CY2020 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
1037513000
CY2019 maa Operating Income Before Depreciation
OperatingIncomeBeforeDepreciation
1028172000
CY2021 us-gaap Depreciation And Amortization
DepreciationAndAmortization
533433000
CY2020 us-gaap Depreciation And Amortization
DepreciationAndAmortization
510842000
CY2019 us-gaap Depreciation And Amortization
DepreciationAndAmortization
496843000
CY2021 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
55732000
CY2020 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
52300000
CY2019 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
55011000
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
52884000
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
46858000
CY2019 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
43845000
CY2021 us-gaap Interest Expense
InterestExpense
156881000
CY2020 us-gaap Interest Expense
InterestExpense
167562000
CY2019 us-gaap Interest Expense
InterestExpense
179847000
CY2021 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
220428000
CY2020 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
9000
CY2019 us-gaap Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
80988000
CY2021 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
811000
CY2020 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
1024000
CY2019 maa Gain Loss On Sale Of Non Depreciable Real Estate Assets
GainLossOnSaleOfNonDepreciableRealEstateAssets
12047000
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
33902000
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
4857000
CY2019 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
22999000
CY2021 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
13637000
CY2020 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3327000
CY2019 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
3696000
CY2021 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1211000
CY2020 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1501000
CY2019 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1654000
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
16911000
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
9053000
CY2019 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
12807000
CY2021 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2020 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2019 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
3688000
CY2021 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
530103000
CY2020 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
251274000
CY2019 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
350123000
CY2021Q4 us-gaap Assets
Assets
11285182000
CY2020Q4 us-gaap Assets
Assets
11194791000
CY2021 maa Real Estate Geographic Location Of Property1
RealEstateGeographicLocationOfProperty1
Total Real Estate Assets, net of Real Estate Joint Venture
CY2021Q4 srt Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
5262000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
2001828000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
10060580000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
2001828000
CY2021Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
12702409000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14704237000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3848161000
CY2021Q4 maa Real Estate And Accumulated Depreciation Carrying Amount Of Land And Buildings And Improvements Net
RealEstateAndAccumulatedDepreciationCarryingAmountOfLandAndBuildingsAndImprovementsNet
10856076000
CY2021Q4 srt Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
11800000000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14338895000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
13898707000
CY2018Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
13656807000
CY2021 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
44086000
CY2020 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
56327000
CY2019 us-gaap Real Estate Other Acquisitions
RealEstateOtherAcquisitions
105730000
CY2019Q4 us-gaap Capital Leased Assets Gross
CapitalLeasedAssetsGross
512000
CY2021 maa Real Estate Improvements And Developments
RealEstateImprovementsAndDevelopments
506775000
CY2020 maa Real Estate Improvements And Developments
RealEstateImprovementsAndDevelopments
437268000
CY2019 maa Real Estate Improvements And Developments
RealEstateImprovementsAndDevelopments
302380000
CY2021 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
185519000
CY2020 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
53407000
CY2019 us-gaap Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
165698000
CY2021Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14704237000
CY2020Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
14338895000
CY2019Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
13898707000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3415105000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2955253000
CY2018Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2549287000
CY2021 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
531848000
CY2020 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
508746000
CY2019 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
493674000
CY2021 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
98792000
CY2020 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
48894000
CY2019 us-gaap Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
87708000
CY2021Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3848161000
CY2020Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
3415105000
CY2019Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
2955253000

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