2017 Q1 Form 10-Q Financial Statement

#000007420817000044 Filed on April 25, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2016 Q1
Revenue $243.8M $243.0M $234.8M
YoY Change 3.84% 2.27% 6.85%
Cost Of Revenue $76.40M $75.40M $74.20M
YoY Change 2.96% 1.21% 7.23%
Gross Profit $167.4M $167.6M $160.6M
YoY Change 4.23% 2.76% 6.64%
Gross Profit Margin 68.65% 68.97% 68.39%
Selling, General & Admin $13.10M $13.30M $13.80M
YoY Change -5.07% -26.11% 13.11%
% of Gross Profit 7.83% 7.94% 8.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $106.6M $104.0M $106.9M
YoY Change -0.24% -2.62% 18.24%
% of Gross Profit 63.7% 62.05% 66.56%
Operating Expenses $121.4M $119.6M $122.5M
YoY Change -0.9% -6.78% 17.45%
Operating Profit $45.51M $48.00M $38.13M
YoY Change 19.37% 37.93% -15.79%
Interest Expense $30.54M $7.100M $31.10M
YoY Change -1.82% -122.4% 8.0%
% of Operating Profit 67.1% 14.79% 81.58%
Other Income/Expense, Net $427.0K $431.0K
YoY Change -0.93% 19.72%
Pretax Income $26.60M $56.20M $8.131M
YoY Change 227.09% 1712.9% -89.3%
Income Tax $300.0K -$3.100M $403.0K
% Of Pretax Income 1.13% -5.52% 4.96%
Net Earnings $25.97M $237.4M $10.39M
YoY Change 149.85% 42.67% -85.92%
Net Earnings / Revenue 10.65% 97.7% 4.43%
Basic Earnings Per Share $0.09 $0.89 $0.04
Diluted Earnings Per Share $0.09 $0.88 $0.04
COMMON SHARES
Basic Shares Outstanding 266.8M shares 266.5M shares 262.5M shares
Diluted Shares Outstanding 268.7M shares 271.6M shares 264.3M shares

Balance Sheet

Concept 2017 Q1 2016 Q4 2016 Q1
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.500M $2.100M $3.700M
YoY Change -32.43% -68.66% -41.27%
Cash & Equivalents $2.460M $2.112M $3.668M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $2.500M $2.100M $3.700M
YoY Change -32.43% -68.66% -41.27%
LONG-TERM ASSETS
Property, Plant & Equipment $6.761B $6.692B $6.485B
YoY Change 4.25% 2.27% 9.34%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $819.0M $827.0M $944.9M
YoY Change -13.32% -11.92% 23.75%
Other Assets $19.80M $20.00M $21.00M
YoY Change -5.71% -3.85% -53.23%
Total Long-Term Assets $7.733B $7.677B $7.598B
YoY Change 1.78% 0.27% 10.88%
TOTAL ASSETS
Total Short-Term Assets $2.500M $2.100M $3.700M
Total Long-Term Assets $7.733B $7.677B $7.598B
Total Assets $7.736B $7.680B $7.602B
YoY Change 1.77% 0.21% 10.83%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $74.60M $103.4M $75.40M
YoY Change -1.06% 30.56% 61.46%
Accrued Expenses $27.90M $29.30M $28.60M
YoY Change -2.45% 0.34% 21.7%
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 $253.9M $271.3M $243.1M
YoY Change 4.44% 11.23% 20.47%
LONG-TERM LIABILITIES
Long-Term Debt $3.537B $3.402B $3.412B
YoY Change 3.68% -4.74% -2.98%
Other Long-Term Liabilities $0.00 $400.0K $2.300M
YoY Change -100.0% -80.95% -86.55%
Total Long-Term Liabilities $3.537B $3.402B $3.414B
YoY Change 3.61% -4.79% -3.39%
TOTAL LIABILITIES
Total Short-Term Liabilities $253.9M $271.3M $243.1M
Total Long-Term Liabilities $3.537B $3.402B $3.414B
Total Liabilities $3.791B $3.673B $3.657B
YoY Change 3.66% -3.76% -2.1%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.674M $2.673M $2.671M
YoY Change 0.11% 2.1% 3.13%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.036B $3.093B $2.973B
YoY Change
Total Liabilities & Shareholders Equity $7.736B $7.680B $7.602B
YoY Change 1.77% 0.21% 10.83%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2016 Q1
OPERATING ACTIVITIES
Net Income $25.97M $237.4M $10.39M
YoY Change 149.85% 42.67% -85.92%
Depreciation, Depletion And Amortization $106.6M $104.0M $106.9M
YoY Change -0.24% -2.62% 18.24%
Cash From Operating Activities $120.3M $153.8M $112.8M
YoY Change 6.65% 0.65% 17.48%
INVESTING ACTIVITIES
Capital Expenditures -$151.6M -$213.9M -$61.60M
YoY Change 146.1% -26.29% -4.35%
Acquisitions
YoY Change
Other Investing Activities -$11.20M $373.2M $16.40M
YoY Change -168.29% 47.51% 10.07%
Cash From Investing Activities -$162.8M $159.3M -$45.20M
YoY Change 260.18% -527.08% -8.76%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $173.3M
YoY Change -100.0% 59.3%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 42.70M -314.3M -70.60M
YoY Change -160.48% 185.47% 27.37%
NET CHANGE
Cash From Operating Activities 120.3M 153.8M 112.8M
Cash From Investing Activities -162.8M 159.3M -45.20M
Cash From Financing Activities 42.70M -314.3M -70.60M
Net Change In Cash 200.0K -1.200M -3.000M
YoY Change -106.67% -122.22% -66.48%
FREE CASH FLOW
Cash From Operating Activities $120.3M $153.8M $112.8M
Capital Expenditures -$151.6M -$213.9M -$61.60M
Free Cash Flow $271.9M $367.7M $174.4M
YoY Change 55.91% -17.0% 8.72%

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5067000 USD
CY2016Q4 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2017Q1 us-gaap Derivative Collateral Obligation To Return Cash
DerivativeCollateralObligationToReturnCash
0 USD
CY2016Q4 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
221000 USD
CY2017Q1 us-gaap Derivative Collateral Obligation To Return Securities
DerivativeCollateralObligationToReturnSecurities
5000 USD
CY2016Q4 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2017Q1 us-gaap Derivative Collateral Right To Reclaim Cash
DerivativeCollateralRightToReclaimCash
0 USD
CY2016Q4 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
221000 USD
CY2017Q1 us-gaap Derivative Collateral Right To Reclaim Securities
DerivativeCollateralRightToReclaimSecurities
5000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
4139000 USD
CY2017Q1 us-gaap Derivative Fair Value Of Derivative Asset Amount Offset Against Collateral
DerivativeFairValueOfDerivativeAssetAmountOffsetAgainstCollateral
5062000 USD
CY2016Q4 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
192000 USD
CY2017Q1 us-gaap Derivative Fair Value Of Derivative Liability Amount Offset Against Collateral
DerivativeFairValueOfDerivativeLiabilityAmountOffsetAgainstCollateral
4000 USD
CY2016Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
0 USD
CY2017Q1 us-gaap Derivative Instruments Not Designated As Hedging Instruments Gain Loss Net
DerivativeInstrumentsNotDesignatedAsHedgingInstrumentsGainLossNet
-1000 USD
CY2016Q4 us-gaap Derivative Liabilities
DerivativeLiabilities
413000 USD
CY2017Q1 us-gaap Derivative Liabilities
DerivativeLiabilities
9000 USD
CY2016Q4 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
0 USD
CY2017Q1 us-gaap Derivative Liability Not Subject To Master Netting Arrangement
DerivativeLiabilityNotSubjectToMasterNettingArrangement
0 USD
CY2016Q4 us-gaap Development In Process
DevelopmentInProcess
342282000 USD
CY2017Q1 us-gaap Development In Process
DevelopmentInProcess
393837000 USD
CY2016Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
39446000 USD
CY2017Q1 us-gaap Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
39600000 USD
CY2017Q1 us-gaap Distributions On Mandatorily Redeemable Securities
DistributionsOnMandatorilyRedeemableSecurities
7919000 USD
CY2017Q1 us-gaap Dividends Common Stock Cash
DividendsCommonStockCash
82995000 USD
CY2016Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
86963000 USD
CY2016Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
86936000 USD
CY2017Q1 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
91436000 USD
CY2016Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
929000 USD
CY2017Q1 us-gaap Dividends Preferred Stock
DividendsPreferredStock
929000 USD
CY2016Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.04
CY2017Q1 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0.09
CY2016Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.04
CY2017Q1 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.09
CY2016Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
7711000 USD
CY2017Q1 us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
9711000 USD
CY2016Q4 us-gaap Equity Method Investments
EquityMethodInvestments
827025000 USD
CY2017Q1 us-gaap Equity Method Investments
EquityMethodInvestments
818990000 USD
CY2017Q1 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliation Recurring Basis Asset Transfers Net
FairValueMeasurementWithUnobservableInputsReconciliationRecurringBasisAssetTransfersNet
0 USD
CY2016Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
3070000 USD
CY2017Q1 us-gaap Gain Loss On Sale Of Properties Net Of Applicable Income Taxes
GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
2132000 USD
CY2016Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13844000 USD
CY2017Q1 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
13075000 USD
CY2016Q1 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
8534000 USD
CY2017Q1 us-gaap Income Loss Before Gain Or Loss On Sale Of Properties Extraordinary Items And Cumulative Effects Of Accounting Changes
IncomeLossBeforeGainOrLossOnSaleOfPropertiesExtraordinaryItemsAndCumulativeEffectsOfAccountingChanges
26264000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
10393000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations
IncomeLossFromContinuingOperations
25967000 USD
CY2016Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
8131000 USD
CY2017Q1 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
26596000 USD
CY2016Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
679000 USD
CY2017Q1 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
11198000 USD
CY2017Q1 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
IncomeTaxExaminationLikelihoodOfUnfavorableSettlement
not (greater than 50 percent probability)
CY2017Q1 us-gaap Income Tax Examination Penalties And Interest Accrued
IncomeTaxExaminationPenaltiesAndInterestAccrued
0 USD
CY2016Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
267000 USD
CY2017Q1 us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
171000 USD
CY2016Q1 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
1853000 USD
CY2017Q1 us-gaap Increase Decrease In Operating Assets
IncreaseDecreaseInOperatingAssets
-3856000 USD
CY2016Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-6378000 USD
CY2017Q1 us-gaap Increase Decrease In Operating Liabilities
IncreaseDecreaseInOperatingLiabilities
-14528000 USD
CY2016Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
899000 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Participating Nonvested Shares With Non Forfeitable Dividend Rights
IncrementalCommonSharesAttributableToParticipatingNonvestedSharesWithNonForfeitableDividendRights
612000 shares
CY2016Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1829000 shares
CY2017Q1 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
IncrementalCommonSharesAttributableToShareBasedPaymentArrangements
1898000 shares
CY2017Q1 us-gaap Ineffectiveness On Interest Rate Fair Value Hedges Is Immaterial
IneffectivenessOnInterestRateFairValueHedgesIsImmaterial
0
CY2016Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
0 USD
CY2017Q1 us-gaap Insurance Recoveries
InsuranceRecoveries
502000 USD
CY2016Q1 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
4200000 USD
CY2017Q1 us-gaap Interest Costs Incurred Capitalized
InterestCostsIncurredCapitalized
4700000 USD
CY2016Q1 us-gaap Interest Expense
InterestExpense
31104000 USD
CY2017Q1 us-gaap Interest Expense
InterestExpense
30539000 USD
CY2016Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
31104000 USD
CY2017Q1 us-gaap Interest Expense Debt
InterestExpenseDebt
30539000 USD
CY2017Q1 us-gaap Interest Income Related Party
InterestIncomeRelatedParty
0 USD
CY2016Q1 us-gaap Interest Paid Net
InterestPaidNet
31918000 USD
CY2017Q1 us-gaap Interest Paid Net
InterestPaidNet
32463000 USD
CY2016Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
29257000 USD
CY2017Q1 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
27887000 USD
CY2017Q1 us-gaap Interest Rate Cash Flow Hedge Gain Loss To Be Reclassified During Next12 Months Net
InterestRateCashFlowHedgeGainLossToBeReclassifiedDuringNext12MonthsNet
500000 USD
CY2016Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
827025000 USD
CY2017Q1 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures Fair Value Disclosure
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure
818990000 USD
CY2016Q4 us-gaap Land
Land
1801576000 USD
CY2017Q1 us-gaap Land
Land
1812797000 USD
CY2016Q4 us-gaap Land Improvements
LandImprovements
178701000 USD
CY2017Q1 us-gaap Land Improvements
LandImprovements
180837000 USD
CY2016Q4 us-gaap Liabilities
Liabilities
3673132000 USD
CY2017Q1 us-gaap Liabilities
Liabilities
3791222000 USD
CY2016Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7679584000 USD
CY2017Q1 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
7735911000 USD
CY2016Q4 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
183278698 shares
CY2017Q1 us-gaap Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
183350924 shares
CY2016Q4 us-gaap Line Of Credit
LineOfCredit
2900000 USD
CY2017Q1 us-gaap Line Of Credit
LineOfCredit
2900000 USD
CY2016Q4 us-gaap Long Term Debt
LongTermDebt
3401478000 USD
CY2017Q1 us-gaap Long Term Debt
LongTermDebt
3537292000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
269878000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
351117000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
498076000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
353235000 USD
CY2017Q1 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
510675000 USD
CY2017Q1 us-gaap Longterm Commercial Paper Current And Noncurrent
LongtermCommercialPaperCurrentAndNoncurrent
500000000 USD
CY2016Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
2800000 USD
CY2017Q1 us-gaap Management Fees Revenue
ManagementFeesRevenue
2600000 USD
CY2016Q4 us-gaap Minority Interest
MinorityInterest
3860000 USD
CY2017Q1 us-gaap Minority Interest
MinorityInterest
3746000 USD
CY2017Q1 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
-281000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
-70609000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
42673000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-45226000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-162789000 USD
CY2016Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
112761000 USD
CY2017Q1 us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
120464000 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
10393000 USD
CY2017Q1 us-gaap Net Income Loss
NetIncomeLoss
25967000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
306000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
91000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
101000 USD
CY2016Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
905000 USD
CY2017Q1 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
NetIncomeLossAttributableToRedeemableNoncontrollingInterest
2338000 USD
CY2016Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
9464000 USD
CY2017Q1 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
25038000 USD
CY2016Q1 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
306000 USD
CY2017Q1 us-gaap Noncontrolling Interest In Net Income Loss Other Noncontrolling Interests Nonredeemable
NoncontrollingInterestInNetIncomeLossOtherNoncontrollingInterestsNonredeemable
91000 USD
CY2017Q1 us-gaap Noncontrolling Interest Increase From Sale Of Parent Equity Interest
NoncontrollingInterestIncreaseFromSaleOfParentEquityInterest
125000 USD
CY2016Q4 us-gaap Notes Receivable Net
NotesReceivableNet
19790000 USD
CY2017Q1 us-gaap Notes Receivable Net
NotesReceivableNet
19790000 USD
CY2017Q1 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
128 Communities
CY2017Q1 us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 Segments
CY2017Q1 us-gaap Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
10
CY2016Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
38125000 USD
CY2017Q1 us-gaap Operating Income Loss
OperatingIncomeLoss
45510000 USD
CY2016Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
231957000 USD
CY2017Q1 us-gaap Operating Leases Income Statement Minimum Lease Revenue
OperatingLeasesIncomeStatementMinimumLeaseRevenue
241271000 USD
CY2016Q4 us-gaap Other Assets
OtherAssets
118535000 USD
CY2017Q1 us-gaap Other Assets
OtherAssets
114005000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
124000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
1450000 USD
CY2016Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-935000 USD
CY2017Q1 us-gaap Other Comprehensive Income Loss Reclassification Adjustment From Aoci On Derivatives Before Tax
OtherComprehensiveIncomeLossReclassificationAdjustmentFromAOCIOnDerivativesBeforeTax
-818000 USD
CY2016Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
-811000 USD
CY2017Q1 us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
632000 USD
CY2016Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1752000 USD
CY2017Q1 us-gaap Other Cost And Expense Operating
OtherCostAndExpenseOperating
1691000 USD
CY2016Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1553000 USD
CY2017Q1 us-gaap Other Depreciation And Amortization
OtherDepreciationAndAmortization
1608000 USD
CY2016Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
400000 USD
CY2017Q1 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
500000 USD
CY2016Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
431000 USD
CY2017Q1 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
427000 USD
CY2016Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
2497000 USD
CY2017Q1 us-gaap Other Operating Activities Cash Flow Statement
OtherOperatingActivitiesCashFlowStatement
4264000 USD
CY2016Q1 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
6379000 USD
CY2017Q1 us-gaap Owned Property Management Costs
OwnedPropertyManagementCosts
6635000 USD
CY2017Q1 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
0 shares
CY2016Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
24917000 USD
CY2017Q1 us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
21921000 USD
CY2017Q1 us-gaap Payments For Proceeds From Investments
PaymentsForProceedsFromInvestments
-3300000 USD
CY2016Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
72704000 USD
CY2017Q1 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
78942000 USD
CY2016Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7085000 USD
CY2017Q1 us-gaap Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
7476000 USD
CY2016Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
924000 USD
CY2017Q1 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
925000 USD
CY2016Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
13262000 USD
CY2017Q1 us-gaap Payments To Acquire Interest In Subsidiaries And Affiliates
PaymentsToAcquireInterestInSubsidiariesAndAffiliates
24193000 USD
CY2016Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
664000 USD
CY2017Q1 us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
1233000 USD
CY2016Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
0 USD
CY2017Q1 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
65381000 USD
CY2016Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
36045000 USD
CY2017Q1 us-gaap Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
63022000 USD
CY2017Q1 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
929000 USD
CY2016Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2017Q1 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2016Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
173300000 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
0 USD
CY2016Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
0 USD
CY2017Q1 us-gaap Proceeds From Issuance Of Unsecured Debt
ProceedsFromIssuanceOfUnsecuredDebt
220000000 USD
CY2016Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-3966000 USD
CY2017Q1 us-gaap Proceeds From Payments For Other Financing Activities
ProceedsFromPaymentsForOtherFinancingActivities
-5311000 USD
CY2016Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-73652000 USD
CY2017Q1 us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
14790000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
3500000 USD
CY2016Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
21951000 USD
CY2017Q1 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
3250000 USD
CY2016Q1 us-gaap Profit Loss
ProfitLoss
11604000 USD
CY2017Q1 us-gaap Profit Loss
ProfitLoss
28396000 USD
CY2017Q1 us-gaap Purchase Commitment Remaining Minimum Amount Committed
PurchaseCommitmentRemainingMinimumAmountCommitted
386989000 USD
CY2016Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
2923072000 USD
CY2017Q1 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
3026660000 USD
CY2016Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
9271847000 USD
CY2017Q1 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
9393732000 USD
CY2016Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6692128000 USD
CY2017Q1 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
6760909000 USD
CY2016Q4 us-gaap Real Estate Investments
RealEstateInvestments
6692128000 USD
CY2017Q1 us-gaap Real Estate Investments
RealEstateInvestments
6760909000 USD
CY2016Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
234815000 USD
CY2017Q1 us-gaap Real Estate Revenue Net
RealEstateRevenueNet
243841000 USD
CY2016Q1 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
28377000 USD
CY2017Q1 us-gaap Real Estate Taxes And Insurance
RealEstateTaxesAndInsurance
30188000 USD
CY2017Q1 us-gaap Redeemable Noncontrolling Interest Equity Carrying Amount
RedeemableNoncontrollingInterestEquityCarryingAmount
904778000 USD
CY2016Q4 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
909482000 USD
CY2017Q1 us-gaap Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
904778000 USD
CY2016Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
2205000 USD
CY2017Q1 us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
99463000 USD
CY2016Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
83373000 USD
CY2017Q1 us-gaap Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
0 USD
CY2016Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19994000 USD
CY2017Q1 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
19757000 USD
CY2016Q4 us-gaap Secured Debt
SecuredDebt
1130858000 USD
CY2017Q1 us-gaap Secured Debt
SecuredDebt
1031507000 USD
CY2016Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3879000 USD
CY2017Q1 us-gaap Share Based Compensation
ShareBasedCompensation
3379000 USD
CY2016Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
0 USD
CY2017Q1 us-gaap Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
1850000 USD
CY2017Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
-1878000 USD
CY2016Q4 us-gaap Stockholders Equity
StockholdersEquity
3093110000 USD
CY2017Q1 us-gaap Stockholders Equity
StockholdersEquity
3036165000 USD
CY2016Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3096970000 USD
CY2017Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
3039911000 USD
CY2016Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
0 USD
CY2017Q1 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
32260000 USD
CY2016Q4 us-gaap Unsecured Debt
UnsecuredDebt
2270620000 USD
CY2017Q1 us-gaap Unsecured Debt
UnsecuredDebt
2505785000 USD
CY2016Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
264285000 shares
CY2017Q1 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
268688000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
263355000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Issued Basic
WeightedAverageNumberOfSharesIssuedBasic
267402000 shares
CY2016Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
262456000 shares
CY2017Q1 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
266790000 shares
CY2017Q1 udr Amount Of Private Or Public Capital That Must Be Raised For Note Receivable To Mature
AmountOfPrivateOrPublicCapitalThatMustBeRaisedForNoteReceivableToMature
5000000 USD
CY2016Q1 udr Casualty Related Recoveries Chargesnet
CasualtyRelatedRecoveriesChargesnet
0 USD
CY2017Q1 udr Debt Instrument Weighted Average Years To Maturity
DebtInstrumentWeightedAverageYearsToMaturity
P4Y7M23D
CY2016Q1 udr Development Costs Excluding Direct Costs And Capitlized Interest
DevelopmentCostsExcludingDirectCostsAndCapitlizedInterest
2000000 USD
CY2017Q1 udr Long Term Debt Maturities Repaymentof Principlein Year Seven
LongTermDebtMaturitiesRepaymentofPrincipleinYearSeven
41245000 USD
CY2017Q1 udr Long Term Debt Maturities Repaymentof Principlein Year Six
LongTermDebtMaturitiesRepaymentofPrincipleinYearSix
401157000 USD
CY2017Q1 udr Long Term Debt Maturities Repaymentof Principlein Year Ten
LongTermDebtMaturitiesRepaymentofPrincipleinYearTen
350000000 USD
CY2017Q1 udr Long Term Debt Maturities Repaymentsof Principalafter Year Ten
LongTermDebtMaturitiesRepaymentsofPrincipalafterYearTen
27000000 USD
CY2017Q1 udr Long Term Incentive Plan Operating Partnership Unit Grants Value
LongTermIncentivePlanOperatingPartnershipUnitGrantsValue
-340000 USD

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