$MAA
MID AMERICA APARTMENT COMMUNITIES INC.

2024 Q2 Form 10-Q Financial Statement

#000095017024052131 Filed on May 02, 2024

View on sec.gov

Income Statement

Concept 2024 Q2 2024 Q1
Revenue $546.4M $543.6M
YoY Change 2.11% 2.76%
Cost Of Revenue $223.0M $217.8M
YoY Change 5.98% 8.5%
Gross Profit $323.4M $325.8M
YoY Change -0.4% -0.75%
Gross Profit Margin 59.19% 59.94%
Selling, General & Admin $12.67M $17.05M
YoY Change -8.72% 7.05%
% of Gross Profit 3.92% 5.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $145.2M $143.3M
YoY Change 4.31% 3.24%
% of Gross Profit 44.89% 43.97%
Operating Expenses $157.7M $160.1M
YoY Change 3.17% 3.65%
Operating Profit $165.7M $165.8M
YoY Change -3.56% -4.67%
Interest Expense $41.27M $40.36M
YoY Change -263.78% 8.26%
% of Operating Profit 24.9% 24.35%
Other Income/Expense, Net -$19.24M $23.53M
YoY Change -588.43% 578.57%
Pretax Income $105.2M $148.9M
YoY Change -30.84% 6.27%
Income Tax $1.020M $1.795M
% Of Pretax Income 0.97% 1.21%
Net Earnings $102.0M $143.7M
YoY Change -29.55% 5.77%
Net Earnings / Revenue 18.66% 26.44%
Basic Earnings Per Share $0.86 $1.22
Diluted Earnings Per Share $0.86 $1.22
COMMON SHARES
Basic Shares Outstanding 116.8M 116.7M
Diluted Shares Outstanding 116.8M 116.8M

Balance Sheet

Concept 2024 Q2 2024 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $70.53M $70.20M
YoY Change -53.03% -55.37%
Cash & Equivalents $62.83M $54.60M
Short-Term Investments $7.700M $15.60M
Other Short-Term Assets
YoY Change
Inventory $73.86M $73.86M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $136.7M $128.5M
YoY Change -38.98% -40.6%
LONG-TERM ASSETS
Property, Plant & Equipment $11.18B $11.07B
YoY Change 2.16% 1.31%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $97.55M $96.98M
YoY Change 25.64% 33.89%
Other Assets $13.67M $13.48M
YoY Change 0.73% -0.96%
Total Long-Term Assets $11.43B $11.34B
YoY Change 2.32% 1.85%
TOTAL ASSETS
Total Short-Term Assets $136.7M $128.5M
Total Long-Term Assets $11.43B $11.34B
Total Assets $11.56B $11.47B
YoY Change 1.51% 1.04%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $656.0M $569.8M
YoY Change 5.17% 0.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $656.0M $569.8M
YoY Change 5.17% 0.66%
LONG-TERM LIABILITIES
Long-Term Debt $4.701B $4.624B
YoY Change 6.93% 5.21%
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities $4.701B $4.624B
YoY Change 6.93% 5.21%
TOTAL LIABILITIES
Total Short-Term Liabilities $656.0M $569.8M
Total Long-Term Liabilities $4.701B $4.624B
Total Liabilities $5.357B $5.194B
YoY Change 2.86% 4.69%
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 $6.004B $6.072B
YoY Change
Total Liabilities & Shareholders Equity $11.56B $11.47B
YoY Change 1.51% 1.04%

Cashflow Statement

Concept 2024 Q2 2024 Q1
OPERATING ACTIVITIES
Net Income $102.0M $143.7M
YoY Change -29.55% 5.77%
Depreciation, Depletion And Amortization $145.2M $143.3M
YoY Change 4.31% 3.24%
Cash From Operating Activities $349.4M $200.3M
YoY Change 4.05% -8.27%
INVESTING ACTIVITIES
Capital Expenditures $247.1M $97.63M
YoY Change 64.74% -30.72%
Acquisitions
YoY Change
Other Investing Activities $10.28M $4.621M
YoY Change -331.12% 82.07%
Cash From Investing Activities -$236.8M -$93.01M
YoY Change 53.34% -32.79%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -104.1M -94.26M
YoY Change -40.03% -727.52%
NET CHANGE
Cash From Operating Activities 349.4M 200.3M
Cash From Investing Activities -236.8M -93.01M
Cash From Financing Activities -104.1M -94.26M
Net Change In Cash 8.424M 12.99M
YoY Change 9.29% -86.32%
FREE CASH FLOW
Cash From Operating Activities $349.4M $200.3M
Capital Expenditures $247.1M $97.63M
Free Cash Flow $102.3M $102.6M
YoY Change -44.95% 32.61%

Facts In Submission

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