2018 Q2 Form 10-Q Financial Statement

#000091259318000124 Filed on July 26, 2018

View on sec.gov

Income Statement

Concept 2018 Q2 2017 Q2
Revenue $271.4M $237.9M
YoY Change 14.1% 24.69%
Cost Of Revenue $30.93M $100.6M
YoY Change -69.25% 31.5%
Gross Profit $240.5M $137.3M
YoY Change 75.17% 20.12%
Gross Profit Margin 88.6% 57.71%
Selling, General & Admin $25.44M $22.89M
YoY Change 11.14% 20.45%
% of Gross Profit 10.58% 16.67%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $67.77M $62.72M
YoY Change 8.05% 26.28%
% of Gross Profit 28.18% 45.68%
Operating Expenses $25.44M $22.89M
YoY Change 11.14% 20.45%
Operating Profit $148.1M $131.2M
YoY Change 12.88% 20.92%
Interest Expense $32.26M $32.36M
YoY Change -0.3% 13.82%
% of Operating Profit 21.79% 24.67%
Other Income/Expense, Net -$1.828M $1.156M
YoY Change -258.13%
Pretax Income $26.31M $15.45M
YoY Change 70.32% -410.06%
Income Tax $225.0K -$7.000K
% Of Pretax Income 0.86% -0.05%
Net Earnings $20.41M $12.36M
YoY Change 65.06% -258.45%
Net Earnings / Revenue 7.52% 5.2%
Basic Earnings Per Share $0.25 $0.16
Diluted Earnings Per Share $0.25 $0.16
COMMON SHARES
Basic Shares Outstanding 79.61M shares 74.68M shares
Diluted Shares Outstanding 80.12M shares 75.15M shares

Balance Sheet

Concept 2018 Q2 2017 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.00M $242.0M
YoY Change -91.74% 680.65%
Cash & Equivalents $20.05M $241.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $38.00M $26.00M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $230.0M $434.0M
YoY Change -47.0% 80.08%
LONG-TERM ASSETS
Property, Plant & Equipment $5.994B $5.517B
YoY Change 8.65% 1.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $6.262B $5.745B
YoY Change 9.01% 2.91%
TOTAL ASSETS
Total Short-Term Assets $230.0M $434.0M
Total Long-Term Assets $6.262B $5.745B
Total Assets $6.492B $6.179B
YoY Change 5.08% 6.11%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $59.00M $56.00M
YoY Change 5.36% 16.67%
LONG-TERM LIABILITIES
Long-Term Debt $3.364B $3.019B
YoY Change 11.43% -9.61%
Other Long-Term Liabilities $313.0M $299.0M
YoY Change 4.68% 16.34%
Total Long-Term Liabilities $3.677B $3.318B
YoY Change 10.82% -7.76%
TOTAL LIABILITIES
Total Short-Term Liabilities $59.00M $56.00M
Total Long-Term Liabilities $3.677B $3.318B
Total Liabilities $3.737B $3.374B
YoY Change 10.76% -7.46%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $809.0K $790.0K
YoY Change 2.41% 15.16%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $2.629B $2.691B
YoY Change
Total Liabilities & Shareholders Equity $6.492B $6.179B
YoY Change 5.08% 6.11%

Cashflow Statement

Concept 2018 Q2 2017 Q2
OPERATING ACTIVITIES
Net Income $20.41M $12.36M
YoY Change 65.06% -258.45%
Depreciation, Depletion And Amortization $67.77M $62.72M
YoY Change 8.05% 26.28%
Cash From Operating Activities $117.8M $87.40M
YoY Change 34.78% 11.91%
INVESTING ACTIVITIES
Capital Expenditures -$258.0M -$26.90M
YoY Change 859.11% -98.16%
Acquisitions
YoY Change
Other Investing Activities -$81.00M -$68.50M
YoY Change 18.25% -278.85%
Cash From Investing Activities -$339.0M -$95.40M
YoY Change 255.35% -93.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $408.9M
YoY Change 768.15%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 230.9M 243.4M
YoY Change -5.14% -74.81%
NET CHANGE
Cash From Operating Activities 117.8M 87.40M
Cash From Investing Activities -339.0M -95.40M
Cash From Financing Activities 230.9M 243.4M
Net Change In Cash 9.700M 235.4M
YoY Change -95.88% -162.13%
FREE CASH FLOW
Cash From Operating Activities $117.8M $87.40M
Capital Expenditures -$258.0M -$26.90M
Free Cash Flow $375.8M $114.3M
YoY Change 228.78% -92.58%

Facts In Submission

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CY2018Q2 us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
2147000 USD
us-gaap Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
4152000 USD
CY2017Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
18719000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
44848000 USD
CY2018Q2 us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
22576000 USD
us-gaap Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
54316000 USD
CY2017 us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
13800000 USD
us-gaap Contract With Customer Asset Reclassified To Receivable
ContractWithCustomerAssetReclassifiedToReceivable
18200000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1074000 USD
us-gaap Conversion Of Stock Amount Converted1
ConversionOfStockAmountConverted1
1120000 USD
CY2017Q2 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
53446000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
100612000 USD
CY2018Q2 us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
58691000 USD
us-gaap Cost Of Other Property Operating Expense
CostOfOtherPropertyOperatingExpense
110321000 USD
CY2017Q2 us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
22022000 USD
us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
42905000 USD
CY2018Q2 us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
30932000 USD
us-gaap Cost Of Real Estate Sales
CostOfRealEstateSales
57503000 USD
CY2017Q2 us-gaap Costs And Expenses
CostsAndExpenses
222452000 USD
us-gaap Costs And Expenses
CostsAndExpenses
432268000 USD
CY2018Q2 us-gaap Costs And Expenses
CostsAndExpenses
245091000 USD
us-gaap Costs And Expenses
CostsAndExpenses
466962000 USD
CY2017Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-7000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
171000 USD
CY2018Q2 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
-200000 USD
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
399000 USD
CY2017Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
132205000 USD
CY2018Q2 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
161192000 USD
CY2017Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.045
CY2018Q2 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.044
CY2017Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-364000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-664000 USD
CY2018Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
112000 USD
CY2018Q2 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
100000 USD
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-235000 USD
CY2017Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
62721000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
125487000 USD
CY2018Q2 us-gaap Depreciation And Amortization
DepreciationAndAmortization
67773000 USD
us-gaap Depreciation And Amortization
DepreciationAndAmortization
134210000 USD
CY2017Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
62721000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
125487000 USD
CY2018Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
67773000 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
134210000 USD
CY2017Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
4944000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
10046000 USD
CY2018Q2 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
5268000 USD
us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
10438000 USD
us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
1571000 USD
us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
1399000 USD
us-gaap Dividends
Dividends
4320000 USD
us-gaap Dividends
Dividends
4106000 USD
us-gaap Dividends Cash
DividendsCash
120792000 USD
CY2017Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
55225000 USD
CY2018Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
59364000 USD
CY2017Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.16
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.45
CY2018Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.25
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.63
CY2017Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.16
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.45
CY2018Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.25
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.63
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
111000 USD
us-gaap Effect Of Exchange Rate On Cash And Cash Equivalents
EffectOfExchangeRateOnCashAndCashEquivalents
-252000 USD
CY2017Q4 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
23700000 USD
CY2018Q2 us-gaap Estimated Insurance Recoveries
EstimatedInsuranceRecoveries
22100000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
48436000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
55617000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
6903000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
6826000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
11427000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
11819000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
13547000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
37738000 USD
CY2018Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
21442000 USD
CY2017Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
134888000 USD
CY2018Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
134220000 USD
CY2017Q4 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
144953000 USD
CY2018Q2 us-gaap Furniture And Fixtures Gross
FurnitureAndFixturesGross
162961000 USD
CY2017Q1 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-500000 USD
CY2017Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-300000 USD
CY2017Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-293000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-759000 USD
CY2018Q2 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1522000 USD
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
-1718000 USD
CY2017Q2 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
19899000 USD
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
41199000 USD
CY2017Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
15447000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
40031000 USD
CY2018Q2 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
26335000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
62380000 USD
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
100000 USD
CY2017Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-7000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
171000 USD
CY2018Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
225000 USD
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
399000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
350000 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
680000 USD
CY2017Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
474000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
593000 shares
CY2018Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
502000 shares
us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
670000 shares
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
1266000 USD
us-gaap Interest Costs Capitalized
InterestCostsCapitalized
2205000 USD
CY2017Q2 us-gaap Interest Expense
InterestExpense
32358000 USD
us-gaap Interest Expense
InterestExpense
63680000 USD
CY2018Q2 us-gaap Interest Expense
InterestExpense
32260000 USD
us-gaap Interest Expense
InterestExpense
63398000 USD
CY2017Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
32358000 USD
CY2018Q2 us-gaap Liabilities
Liabilities
3736621000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
63680000 USD
CY2018Q2 us-gaap Interest Expense Debt
InterestExpenseDebt
32260000 USD
us-gaap Interest Expense Debt
InterestExpenseDebt
63398000 USD
CY2017Q2 us-gaap Interest Expense Other
InterestExpenseOther
787000 USD
us-gaap Interest Expense Other
InterestExpenseOther
1571000 USD
CY2018Q2 us-gaap Interest Expense Other
InterestExpenseOther
790000 USD
us-gaap Interest Expense Other
InterestExpenseOther
1409000 USD
CY2017Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
3300000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
6600000 USD
CY2018Q2 us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
2900000 USD
us-gaap Interest Income Expense Net
InterestIncomeExpenseNet
5700000 USD
CY2017Q2 us-gaap Interest Income Operating
InterestIncomeOperating
5043000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
9689000 USD
CY2018Q2 us-gaap Interest Income Operating
InterestIncomeOperating
5277000 USD
us-gaap Interest Income Operating
InterestIncomeOperating
10593000 USD
us-gaap Interest Paid Net
InterestPaidNet
61709000 USD
us-gaap Interest Paid Net
InterestPaidNet
62648000 USD
CY2017Q4 us-gaap Inventory Finished Homes
InventoryFinishedHomes
30430000 USD
CY2018Q2 us-gaap Inventory Finished Homes
InventoryFinishedHomes
38298000 USD
CY2017Q4 us-gaap Land
Land
1107838000 USD
CY2018Q2 us-gaap Land
Land
1131956000 USD
CY2017Q4 us-gaap Liabilities
Liabilities
3405204000 USD
CY2017Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6111957000 USD
CY2018Q2 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
6492348000 USD
CY2017Q4 us-gaap Line Of Credit
LineOfCredit
41257000 USD
CY2017Q2 us-gaap Loss From Catastrophes
LossFromCatastrophes
281000 USD
us-gaap Loss From Catastrophes
LossFromCatastrophes
368000 USD
CY2018Q2 us-gaap Loss From Catastrophes
LossFromCatastrophes
53000 USD
us-gaap Loss From Catastrophes
LossFromCatastrophes
2160000 USD
CY2017Q4 us-gaap Minority Interest
MinorityInterest
65256000 USD
CY2018Q2 us-gaap Minority Interest
MinorityInterest
62694000 USD
CY2017Q4 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
60971000 USD
CY2018Q2 us-gaap Minority Interest In Operating Partnerships
MinorityInterestInOperatingPartnerships
56820000 USD
CY2017Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
128246000 USD
CY2018Q2 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
117314000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
247334000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
222353000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-167126000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-407491000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
156626000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
198682000 USD
CY2017Q2 us-gaap Net Income Loss
NetIncomeLoss
14463000 USD
us-gaap Net Income Loss
NetIncomeLoss
37746000 USD
CY2018Q2 us-gaap Net Income Loss
NetIncomeLoss
20840000 USD
us-gaap Net Income Loss
NetIncomeLoss
51267000 USD
CY2017Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
1315000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2403000 USD
CY2018Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
2227000 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
4321000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
12364000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
33468000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
20408000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
50394000 USD
CY2017Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
12364000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
33468000 USD
CY2018Q2 us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
20408000 USD
us-gaap Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
50394000 USD
CY2017Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
1315000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2403000 USD
CY2018Q2 us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
2227000 USD
us-gaap Noncontrolling Interest In Net Income Loss Operating Partnerships Redeemable
NoncontrollingInterestInNetIncomeLossOperatingPartnershipsRedeemable
4321000 USD
CY2017Q4 us-gaap Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
4285000 USD
CY2018Q2 us-gaap Noncontrolling Interest In Variable Interest Entity
NoncontrollingInterestInVariableInterestEntity
5874000 USD
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segment
CY2017Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
131162000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
268982000 USD
CY2018Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
148058000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1995000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
11909000 USD
CY2018Q2 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
8241000 USD
us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
13624000 USD
CY2017Q4 us-gaap Other Liabilities
OtherLiabilities
138536000 USD
CY2018Q2 us-gaap Other Liabilities
OtherLiabilities
151984000 USD
CY2017Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1156000 USD
CY2018Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-1828000 USD
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-4445000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
131137000 USD
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
157863000 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
0 USD
us-gaap Payments For Proceeds From Other Investing Activities
PaymentsForProceedsFromOtherInvestingActivities
9243000 USD
us-gaap Payments For Repurchase Of Preferred Stock And Preference Stock
PaymentsForRepurchaseOfPreferredStockAndPreferenceStock
24698000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
3486000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
602000 USD
CY2017 us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
116218000 USD
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
242375000 USD
CY2018Q2 us-gaap Payments To Acquire Land
PaymentsToAcquireLand
8000000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
39887000 USD
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
260426000 USD
CY2017Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
2099000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
4278000 USD
CY2018Q2 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
432000 USD
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
873000 USD
CY2017Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2018Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2017Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
3400000 shares
CY2018Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
3400000 shares
CY2017Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
3400000 shares
CY2018Q2 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
3400000 shares
CY2017Q2 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
408900000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
83848000 USD
us-gaap Proceeds From Issuance Of Long Term Debt
ProceedsFromIssuanceOfLongTermDebt
0 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
459292000 USD
us-gaap Proceeds From Issuance Or Sale Of Equity
ProceedsFromIssuanceOrSaleOfEquity
85969000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
572109000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
1041876000 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
0 USD
us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5330000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3458000 USD
us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
18776000 USD
CY2017Q2 us-gaap Profit Loss
ProfitLoss
16974000 USD
us-gaap Profit Loss
ProfitLoss
42519000 USD
CY2018Q2 us-gaap Profit Loss
ProfitLoss
24170000 USD
us-gaap Profit Loss
ProfitLoss
57771000 USD
CY2017Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1237525000 USD
CY2018Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
1337567000 USD
CY2017Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6882879000 USD
CY2018Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
7331145000 USD
CY2017Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5645354000 USD
CY2018Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
5993578000 USD
CY2017Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
179461000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
362515000 USD
CY2018Q2 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
198670000 USD
us-gaap Real Estate Revenue Net
RealEstateRevenueNet
395881000 USD
CY2017Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
13126000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
26269000 USD
CY2018Q2 us-gaap Real Estate Tax Expense
RealEstateTaxExpense
14076000 USD
us-gaap Real Estate Tax Expense
RealEstateTaxExpense
27912000 USD
CY2017Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
0 USD
CY2018Q2 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
21869000 USD
CY2017Q4 us-gaap Rental Properties
RentalProperties
528074000 USD
CY2018Q2 us-gaap Rental Properties
RentalProperties
551840000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
672019000 USD
us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
546839000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
58860000 USD
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
229844000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
11830000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
10940000 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
17149000 USD
CY2017Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
20612000 USD
CY2017Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
13382000 USD
CY2018Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16755000 USD
CY2017Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
237899000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
472299000 USD
CY2018Q2 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
271426000 USD
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
529342000 USD
CY2017Q2 us-gaap Revenues
Revenues
237899000 USD
us-gaap Revenues
Revenues
472299000 USD
CY2018Q2 us-gaap Revenues
Revenues
271426000 USD
us-gaap Revenues
Revenues
529342000 USD
CY2017Q2 us-gaap Sales Revenue Net
SalesRevenueNet
231848000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
460723000 USD
CY2018Q2 us-gaap Sales Revenue Net
SalesRevenueNet
265266000 USD
us-gaap Sales Revenue Net
SalesRevenueNet
516965000 USD
CY2017Q2 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
8850000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
15069000 USD
CY2018Q2 us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
12031000 USD
us-gaap Sales Revenue Services Gross
SalesRevenueServicesGross
18599000 USD
CY2017Q4 us-gaap Secured Debt
SecuredDebt
2867356000 USD
CY2018Q2 us-gaap Secured Debt
SecuredDebt
2636847000 USD
CY2017Q2 us-gaap Selling Expense
SellingExpense
2990000 USD
us-gaap Selling Expense
SellingExpense
6101000 USD
CY2018Q2 us-gaap Selling Expense
SellingExpense
3986000 USD
us-gaap Selling Expense
SellingExpense
7276000 USD
CY2018Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
90000 shares
CY2018Q2 us-gaap Share Price
SharePrice
87.24
CY2017Q2 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
86.00
CY2018Q2 us-gaap State And Local Income Tax Expense Benefit Continuing Operations
StateAndLocalIncomeTaxExpenseBenefitContinuingOperations
225000 USD
CY2017Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4830000 shares
CY2018Q2 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
1008699 shares
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
2000000 USD
us-gaap Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
0 USD
us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
StockIssuedDuringPeriodValueConversionOfConvertibleSecurities
293000 USD
CY2018Q2 us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
92600000 USD
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
85969000 USD
CY2017Q4 us-gaap Stock Redeemed Or Called During Period Shares
StockRedeemedOrCalledDuringPeriodShares
3400000 shares
CY2017Q4 us-gaap Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
85500000 USD
CY2017Q4 us-gaap Stockholders Equity
StockholdersEquity
2598431000 USD
CY2018Q2 us-gaap Stockholders Equity
StockholdersEquity
2629288000 USD
CY2017Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2663687000 USD
CY2018Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
2691982000 USD
CY2018Q2 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
25.00
CY2017Q4 us-gaap Temporary Equity Redemption Price Per Share
TemporaryEquityRedemptionPricePerShare
25.14349
CY2017Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
CY2018Q2 us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
us-gaap Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
2000 shares
CY2017Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
75154000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
74272000 shares
CY2018Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
80116000 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
79905000 shares
CY2017Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
74678000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
73677000 shares
CY2018Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79612000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
79233000 shares

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0000912593-18-000124.txt Edgar Link pending
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exhibit311-06302018ceocert.htm Edgar Link pending
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