$MAA
MID AMERICA APARTMENT COMMUNITIES INC.

2019 Q4 Form 10-Q Financial Statement

#000156459019039130 Filed on October 31, 2019

View on sec.gov

Income Statement

Concept 2019 Q4 2019 Q3 2018 Q3
Revenue $416.8M $415.6M $397.1M
YoY Change 4.7% 4.66% 3.25%
Cost Of Revenue $163.6M $173.4M $166.0M
YoY Change 3.02% 4.46% 34.09%
Gross Profit $253.2M $242.2M $231.1M
YoY Change 5.76% 4.8% -11.35%
Gross Profit Margin 60.75% 58.27% 58.2%
Selling, General & Admin $10.90M $11.50M $6.400M
YoY Change 19.78% 79.69% -85.45%
% of Gross Profit 4.3% 4.75% 2.77%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $125.6M $124.9M $124.7M
YoY Change 3.12% 0.16% 5.68%
% of Gross Profit 49.61% 51.57% 53.96%
Operating Expenses $136.3M $136.2M $131.0M
YoY Change 4.36% 3.97% -19.14%
Operating Profit $116.9M $106.0M $100.1M
YoY Change 7.44% 5.89% 1.42%
Interest Expense -$45.40M $44.51M $44.65M
YoY Change -2.78% -0.31% -225.42%
% of Operating Profit -38.84% 41.99% 44.61%
Other Income/Expense, Net $1.200M $18.80M $374.0K
YoY Change -29.41% 4926.74% -37.67%
Pretax Income $155.5M $82.60M $54.92M
YoY Change 144.11% 50.41% -53.97%
Income Tax $900.0K $1.491M $616.0K
% Of Pretax Income 0.58% 1.81% 1.12%
Net Earnings $149.6M $78.60M $52.79M
YoY Change 144.05% 48.89% -53.97%
Net Earnings / Revenue 35.89% 18.91% 13.29%
Basic Earnings Per Share $0.68 $0.46
Diluted Earnings Per Share $1.145M $0.68 $0.46
COMMON SHARES
Basic Shares Outstanding 114.1M 113.9M 113.7M
Diluted Shares Outstanding 114.1M 113.9M

Balance Sheet

Concept 2019 Q4 2019 Q3 2018 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00M $26.00M $46.00M
YoY Change -41.18% -43.48% -4.17%
Cash & Equivalents $20.48M $25.83M $46.14M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $35.00M $64.00M $41.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $55.00M $90.00M $87.00M
YoY Change -40.22% 3.45% 81.25%
LONG-TERM ASSETS
Property, Plant & Equipment $10.96B $10.97B $11.12B
YoY Change -0.78% -1.33% -0.97%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $44.00M $44.00M $45.00M
YoY Change 0.0% -2.22% 0.0%
Other Assets $50.00M $17.00M $33.00M
YoY Change 194.12% -48.48% -62.92%
Total Long-Term Assets $11.18B $11.16B $11.33B
YoY Change -0.5% -1.54% -1.33%
TOTAL ASSETS
Total Short-Term Assets $55.00M $90.00M $87.00M
Total Long-Term Assets $11.18B $11.16B $11.33B
Total Assets $11.23B $11.25B $11.42B
YoY Change -0.82% -1.5% -0.99%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses $472.0M $511.0M $474.0M
YoY Change 14.01% 7.81% 7.73%
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 $472.0M $511.0M $474.0M
YoY Change 14.01% 7.81% -0.42%
LONG-TERM LIABILITIES
Long-Term Debt $4.455B $4.476B $4.504B
YoY Change -1.61% -0.62% 0.24%
Other Long-Term Liabilities $11.00M
YoY Change
Total Long-Term Liabilities $4.455B $4.487B $4.504B
YoY Change -1.61% -0.38% 0.18%
TOTAL LIABILITIES
Total Short-Term Liabilities $472.0M $511.0M $474.0M
Total Long-Term Liabilities $4.455B $4.487B $4.504B
Total Liabilities $4.927B $4.997B $5.202B
YoY Change -0.31% -3.93% -0.06%
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 $6.069B $6.030B $6.217B
YoY Change
Total Liabilities & Shareholders Equity $11.23B $11.25B $11.42B
YoY Change -0.82% -1.5% -0.99%

Cashflow Statement

Concept 2019 Q4 2019 Q3 2018 Q3
OPERATING ACTIVITIES
Net Income $149.6M $78.60M $52.79M
YoY Change 144.05% 48.89% -53.97%
Depreciation, Depletion And Amortization $125.6M $124.9M $124.7M
YoY Change 3.12% 0.16% 5.68%
Cash From Operating Activities $159.9M $253.0M $237.1M
YoY Change 20.05% 6.71% 0.34%
INVESTING ACTIVITIES
Capital Expenditures -$165.7M -$89.50M -$68.40M
YoY Change 109.75% 30.85% -17.59%
Acquisitions
YoY Change
Other Investing Activities $158.1M -$300.0K $2.000M
YoY Change 31520.0% -115.0% -97.71%
Cash From Investing Activities -$7.600M -$89.90M -$66.40M
YoY Change -90.33% 35.39% -1575.56%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -124.5M -178.2M -152.1M
YoY Change 51.28% 17.16% -15.59%
NET CHANGE
Cash From Operating Activities 159.9M 253.0M 237.1M
Cash From Investing Activities -7.600M -89.90M -66.40M
Cash From Financing Activities -124.5M -178.2M -152.1M
Net Change In Cash 27.80M -15.10M 18.60M
YoY Change -200.36% -181.18% -69.31%
FREE CASH FLOW
Cash From Operating Activities $159.9M $253.0M $237.1M
Capital Expenditures -$165.7M -$89.50M -$68.40M
Free Cash Flow $325.6M $342.5M $305.5M
YoY Change 53.44% 12.11% -4.32%

Facts In Submission

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