2024 Q4 Form 10-Q Financial Statement

#000091259324000247 Filed on November 07, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2024 Q2
Revenue $939.9M $864.0M
YoY Change -4.4% 0.06%
Cost Of Revenue $482.5M $460.6M
YoY Change 0.5% 0.04%
Gross Profit $457.4M $403.4M
YoY Change -9.08% 0.07%
Gross Profit Margin 48.66% 46.69%
Selling, General & Admin $74.80M $67.50M
YoY Change 6.7% 6.47%
% of Gross Profit 16.35% 16.73%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $172.4M $172.8M
YoY Change 6.03% 5.3%
% of Gross Profit 37.69% 42.84%
Operating Expenses $247.2M $240.3M
YoY Change 6.23% 5.63%
Operating Profit $210.2M $163.1M
YoY Change -22.26% -7.12%
Interest Expense -$91.00M -$92.50M
YoY Change -0.44% 19.51%
% of Operating Profit -43.29% -56.71%
Other Income/Expense, Net -$800.0K -$1.600M
YoY Change -78.38% 100.0%
Pretax Income $295.1M $57.00M
YoY Change 62.77% -40.56%
Income Tax -$8.000M $1.600M
% Of Pretax Income -2.71% 2.81%
Net Earnings $300.5M $56.70M
YoY Change 84.24% -36.86%
Net Earnings / Revenue 31.97% 6.56%
Basic Earnings Per Share $2.31 $0.42
Diluted Earnings Per Share $2.31 $0.42
COMMON SHARES
Basic Shares Outstanding 127.4M shares 124.7M shares 124.6M shares
Diluted Shares Outstanding 124.0M shares 123.7M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $81.80M $104.2M
YoY Change -53.2% 51.67%
Cash & Equivalents $81.80M $104.2M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $174.8M $182.3M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $309.4M $572.4M
YoY Change -46.75% 10.76%
LONG-TERM ASSETS
Property, Plant & Equipment $14.49B $14.74B
YoY Change 1.57% 3.34%
Goodwill $742.6M $731.7M
YoY Change -31.5% -33.73%
Intangibles $350.7M $354.2M
YoY Change -6.41% -8.1%
Long-Term Investments $121.0M $121.1M
YoY Change 5.68% 9.69%
Other Assets
YoY Change
Total Long-Term Assets $16.78B $16.44B
YoY Change -1.46% -3.55%
TOTAL ASSETS
Total Short-Term Assets $309.4M $572.4M
Total Long-Term Assets $16.78B $16.44B
Total Assets $17.09B $17.01B
YoY Change -2.95% -3.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $390.9M $406.3M
YoY Change 2.87% 14.9%
Accrued Expenses $163.0M $163.8M
YoY Change 0.62% 1.68%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $513.2M $689.8M
YoY Change -22.24% 9.02%
LONG-TERM LIABILITIES
Long-Term Debt $7.325B $7.867B
YoY Change -4.61% 3.13%
Other Long-Term Liabilities $1.408B $1.225B
YoY Change 25.02% 0.92%
Total Long-Term Liabilities $8.733B $9.092B
YoY Change -0.82% 2.82%
TOTAL LIABILITIES
Total Short-Term Liabilities $513.2M $689.8M
Total Long-Term Liabilities $8.733B $9.092B
Total Liabilities $9.246B $9.782B
YoY Change -2.32% 2.37%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $1.300M $1.200M
YoY Change 8.33% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $7.456B $6.884B
YoY Change
Total Liabilities & Shareholders Equity $17.09B $17.01B
YoY Change -2.95% -3.13%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income $300.5M $56.70M
YoY Change 84.24% -36.86%
Depreciation, Depletion And Amortization $172.4M $172.8M
YoY Change 6.03% 5.3%
Cash From Operating Activities $189.2M $311.3M
YoY Change -15.16% 21.89%
INVESTING ACTIVITIES
Capital Expenditures $21.80M $20.40M
YoY Change 707.41% 2450.0%
Acquisitions
YoY Change
Other Investing Activities $176.1M -$172.4M
YoY Change -175.48% -33.46%
Cash From Investing Activities $154.3M -$192.8M
YoY Change -165.38% -25.82%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -366.8M -146.7M
YoY Change -5415.94% 6568.18%
NET CHANGE
Cash From Operating Activities 189.2M 311.3M
Cash From Investing Activities 154.3M -192.8M
Cash From Financing Activities -366.8M -146.7M
Net Change In Cash -23.30M -28.20M
YoY Change 281.97% 320.9%
FREE CASH FLOW
Cash From Operating Activities $189.2M $311.3M
Capital Expenditures $21.80M $20.40M
Free Cash Flow $167.4M $290.9M
YoY Change -24.01% 14.26%

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CY2023Q2 sui Temporary Equity Issuance Of Third Party Equity Interest In Consolidated Entities
TemporaryEquityIssuanceOfThirdPartyEquityInterestInConsolidatedEntities
200000 usd
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CY2023Q2 us-gaap Dividends Cash
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CY2023Q3 us-gaap Stock Issued During Period Value New Issues
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CY2023Q3 us-gaap Adjustments Related To Tax Withholding For Share Based Compensation
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CY2023Q3 sui Temporary Equity Stock Issued During Period Value Conversion Of Convertible Securities
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CY2023Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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CY2023Q3 us-gaap Temporary Equity Net Income
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CY2023Q3 us-gaap Net Income Loss
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CY2023Q3 sui Temporary Equity Distributions
TemporaryEquityDistributions
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CY2023Q3 us-gaap Dividends Cash
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CY2023Q3 us-gaap Temporary Equity Accretion Of Interest
TemporaryEquityAccretionOfInterest
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CY2023Q3 sui Accumulated Distributions In Excess Of Net Income Adjustment For Accretion Of Temporary Equity
AccumulatedDistributionsInExcessOfNetIncomeAdjustmentForAccretionOfTemporaryEquity
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StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
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us-gaap Net Cash Provided By Used In Operating Activities
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us-gaap Net Cash Provided By Used In Operating Activities
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sui Payments For Capital Improvements And Developments Of Real Estate
PaymentsForCapitalImprovementsAndDevelopmentsOfRealEstate
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sui Payments For Capital Improvements And Developments Of Real Estate
PaymentsForCapitalImprovementsAndDevelopmentsOfRealEstate
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
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us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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us-gaap Proceeds From Insurance Settlement Investing Activities
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us-gaap Proceeds From Insurance Settlement Investing Activities
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Property Plant And Equipment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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sui Issuanceofnotesandotherreceivables
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sui Issuanceofnotesandotherreceivables
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sui Repaymentof Notesand Other Receivables
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sui Repaymentof Notesand Other Receivables
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
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sui Distributions Of Capital From Nonconsolidated Entities
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sui Distributions Of Capital From Nonconsolidated Entities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Repurchase Of Equity
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us-gaap Proceeds From Repurchase Of Equity
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Proceeds From Lines Of Credit
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us-gaap Proceeds From Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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us-gaap Repayments Of Lines Of Credit
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us-gaap Proceeds From Issuance Of Other Long Term Debt
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us-gaap Proceeds From Issuance Of Other Long Term Debt
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us-gaap Proceeds From Minority Shareholders
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us-gaap Proceeds From Minority Shareholders
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us-gaap Repayments Of Long Term Debt
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us-gaap Repayments Of Long Term Debt
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments Of Ordinary Dividends
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us-gaap Payments Of Financing Costs
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us-gaap Payments Of Financing Costs
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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39100000 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
42700000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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us-gaap Interest Paid Capitalized
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us-gaap Interest Paid Capitalized
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us-gaap Interest Paid Net
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us-gaap Interest Paid Net
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us-gaap Distributions On Mandatorily Redeemable Securities
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us-gaap Distributions On Mandatorily Redeemable Securities
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us-gaap Income Taxes Paid Net
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us-gaap Income Taxes Paid Net
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us-gaap Repayments Of Secured Debt
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us-gaap Repayments Of Secured Debt
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sui Change In Distributions Declared And Outstanding
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sui Change In Distributions Declared And Outstanding
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
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us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
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sui Noncash Or Part Noncash Divestiture Amount Of Consideration Received Note Receivable
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sui Noncash Or Part Noncash Divestiture Amount Of Consideration Received Note Receivable
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sui Stock Issued During Period Value New Issues Common Stock And Preferred Op Units
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sui Stock Issued During Period Value New Issues Common Stock And Preferred Op Units
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CY2024Q3 sui Revenue From Home Sales
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CY2023Q3 sui Revenue From Home Sales
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CY2024Q3 sui Ancillary Revenue
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CY2023Q3 sui Ancillary Revenue
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CY2024Q3 us-gaap Interest Income Operating
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CY2023Q3 us-gaap Interest Income Operating
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15200000 usd
CY2024Q3 sui Brokeragecommissionsandotherincomenet
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8800000 usd
CY2023Q3 sui Brokeragecommissionsandotherincomenet
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CY2024Q3 us-gaap Revenues
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CY2023Q3 us-gaap Revenues
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us-gaap Lease Income
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us-gaap Lease Income
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sui Revenue From Home Sales
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sui Ancillary Revenue
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sui Ancillary Revenue
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us-gaap Interest Income Operating
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sui Brokeragecommissionsandotherincomenet
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us-gaap Revenues
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us-gaap Revenues
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CY2024Q3 sui Asset Acquisition And Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Inventory
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CY2024Q3 sui Asset Acquisition And Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Current Assets Liabilities Inventory
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CY2024Q3 sui Asset Acquisition And Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Other Assets Liabilities
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200000 usd
CY2024Q3 sui Asset Acquisition And Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
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sui Asset Acquisition And Business Combination Consideration Transferred Other
AssetAcquisitionAndBusinessCombinationConsiderationTransferredOther
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sui Asset Acquisition And Business Combination Consideration Transferred Equity Interests Issued And Issuable
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sui Asset Acquisition And Business Combination Consideration Transferred
AssetAcquisitionAndBusinessCombinationConsiderationTransferred
64900000 usd
CY2024Q2 sui Number Of Ground Leases Entered Into
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CY2024Q2 sui Number Of Wet Slips And Dry Storage Spaces Leased
NumberOfWetSlipsAndDryStorageSpacesLeased
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CY2024Q1 sui Number Of Properties Reacquired
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CY2024Q1 sui Real Estate Reacquired Gain Loss
RealEstateReacquiredGainLoss
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CY2024Q3 sui Undrawn Funds On Loans
UndrawnFundsOnLoans
36800000 usd
CY2023Q4 sui Undrawn Funds On Loans
UndrawnFundsOnLoans
39500000 usd
CY2024Q3 sui Other Receivables For Rent Water Sewer Usage
OtherReceivablesForRentWaterSewerUsage
110700000 usd
CY2023Q4 sui Other Receivables For Rent Water Sewer Usage
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CY2024Q3 sui Insurance Receivables
InsuranceReceivables
51400000 usd
CY2023Q4 sui Insurance Receivables
InsuranceReceivables
77800000 usd
CY2024Q3 sui Other Receivables Storage And Lease Payments Marina
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44000000.0 usd
CY2023Q4 sui Other Receivables Storage And Lease Payments Marina
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46800000 usd
CY2024Q3 sui Home Sale Proceeds
HomeSaleProceeds
37900000 usd
CY2023Q4 sui Home Sale Proceeds
HomeSaleProceeds
28200000 usd
CY2024Q3 sui Other Receivables Other
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37600000 usd
CY2023Q4 sui Other Receivables Other
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48800000 usd
CY2024Q3 us-gaap Other Receivables
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CY2023Q4 us-gaap Other Receivables
OtherReceivables
267500000 usd
CY2024Q3 sui Allowance For Rent Water Sewer Usage Receivables
AllowanceForRentWaterSewerUsageReceivables
4800000 usd
CY2023Q4 sui Allowance For Rent Water Sewer Usage Receivables
AllowanceForRentWaterSewerUsageReceivables
4800000 usd
CY2023Q4 sui Transfers Accounted For As Secured Borrowings Associated Liabilities Net
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesNet
53400000 usd
CY2023Q4 sui Transfers Accounted For As Secured Borrowings Assets Receivable For Future Cash Payment
TransfersAccountedForAsSecuredBorrowingsAssetsReceivableForFutureCashPayment
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CY2023Q4 us-gaap Transfers Accounted For As Secured Borrowings Assets Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssetsCarryingAmount
56200000 usd
CY2023Q4 sui Transfers Accounted For As Secured Borrowings Assets Gross
TransfersAccountedForAsSecuredBorrowingsAssetsGross
59100000 usd
CY2024Q3 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
52800000 usd
CY2024Q3 sui Transfers Accounted For As Secured Borrowings Associated Liabilities Gross
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesGross
48800000 usd
CY2024Q3 sui Transfers Accounted For As A Secured Borrowings Associated Liabilities Fair Value Adjustment
TransfersAccountedForAsASecuredBorrowingsAssociatedLiabilitiesFairValueAdjustment
4000000.0 usd
CY2023Q4 us-gaap Transfers Accounted For As Secured Borrowings Associated Liabilities Carrying Amount
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesCarryingAmount
55800000 usd
CY2023Q4 sui Transfers Accounted For As Secured Borrowings Associated Liabilities Gross
TransfersAccountedForAsSecuredBorrowingsAssociatedLiabilitiesGross
53900000 usd
CY2023Q4 sui Transfers Accounted For As A Secured Borrowings Associated Liabilities Fair Value Adjustment
TransfersAccountedForAsASecuredBorrowingsAssociatedLiabilitiesFairValueAdjustment
1900000 usd
CY2023Q4 us-gaap Goodwill
Goodwill
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us-gaap Goodwill Acquired During Period
GoodwillAcquiredDuringPeriod
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us-gaap Goodwill Foreign Currency Translation Gain Loss
GoodwillForeignCurrencyTranslationGainLoss
9400000 usd
CY2024Q3 us-gaap Goodwill
Goodwill
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CY2024Q3 us-gaap Goodwill Impaired Accumulated Impairment Loss
GoodwillImpairedAccumulatedImpairmentLoss
369900000 usd
CY2023Q3 us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
44800000 usd
us-gaap Goodwill Impairment Loss
GoodwillImpairmentLoss
369900000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
237700000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
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CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
216300000 usd
CY2024Q3 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
144000000.0 usd
CY2023Q4 us-gaap Indefinite Lived Intangible Assets Excluding Goodwill
IndefiniteLivedIntangibleAssetsExcludingGoodwill
144000000.0 usd
CY2024Q3 us-gaap Intangible Assets Gross Excluding Goodwill
IntangibleAssetsGrossExcludingGoodwill
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CY2024Q3 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
237700000 usd
CY2023Q4 us-gaap Intangible Assets Gross Excluding Goodwill
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585800000 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
216300000 usd
CY2024Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
7600000 usd
CY2023Q3 us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
8300000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
22900000 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
27300000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
9500000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
30000000.0 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
25100000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
22700000 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Five
FiniteLivedIntangibleAssetsAmortizationExpenseYearFive
21200000 usd
CY2024Q3 us-gaap Equity Method Investments
EquityMethodInvestments
121000000.0 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
118900000 usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
2100000 usd
CY2023Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
1400000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
6500000 usd
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
500000 usd
CY2024Q3 sui Variable Interest Entityasa Percentageof Consolidated Assets
VariableInterestEntityasaPercentageofConsolidatedAssets
0.006
CY2023Q4 sui Variable Interest Entityasa Percentageof Consolidated Assets
VariableInterestEntityasaPercentageofConsolidatedAssets
0.008
CY2024Q3 sui Variable Interest Entityasa Percentageof Consolidated Liabilities
VariableInterestEntityasaPercentageofConsolidatedLiabilities
0.010 rate
CY2023Q4 sui Variable Interest Entityasa Percentageof Consolidated Liabilities
VariableInterestEntityasaPercentageofConsolidatedLiabilities
0.010 rate
CY2024Q3 sui Vi Easa Percentageof Total Equity
VIEasaPercentageofTotalEquity
0.010
CY2023Q4 sui Vi Easa Percentageof Total Equity
VIEasaPercentageofTotalEquity
0.010
CY2024Q3 us-gaap Loans Payable
LoansPayable
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