AvalonBay Communities, Inc. Website

AvalonBay Communities, Inc.

NYSE-AVB

Income Statement
Dec '14
Dec '15
Dec '16
Dec '17
Dec '18
Dec '19
Dec '20
Dec '21
Dec '22
Dec '23
LTM

Operating Revenues

2,324.6

2,301.3

2,294.9

2,593.4

2,767.9

2,841.2

Other Revenues, Total

2.9

1.3

38.6

15.3

13.5

19.3

Total Revenues

2,327.5

2,302.5

2,333.4

2,608.7

2,781.4

2,860.5

Total Revenues % Chg.

1.7%

-1.1%

1.3%

11.8%

6.6%

5.1%

Cost of Goods Sold, Total

768.2

823.2

853.9

919.1

988.1

1,020.3

Gross Profit

1,559.3

1,479.3

1,479.5

1,689.6

1,793.2

1,840.2

Selling General & Admin Expenses, Total

67.2

57.8

69.6

80.1

76.5

76.9

Depreciation & Amortization

661.6

707.3

758.6

815

817

830.9

Other Operating Expenses, Total

728.8

765.1

828.2

895

893.5

907.8

Operating Income

830.5

714.2

651.3

794.5

899.7

932.4

Interest Expense, Total

-203.6

-214.2

-220.4

-230.1

-206

-209.4

Net Interest Expenses

-203.6

-214.2

-220.4

-230.1

-206

-209.4

Other Non Operating Income (Expenses)

—

—

—

—

—

—

—

1.1

5.1

0.2

0

EBT, Excl. Unusual Items

626.9

500.1

432

569.6

693.9

723

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

5.8

5.2

—

38.1

—

—

Gain (Loss) On Sale Of Assets

166.5

340.9

602.2

555.6

287.4

168.6

Asset Writedown

-4.9

-12.3

-3.2

-16.6

-33.5

-34.9

Insurance Settlements

—

—

—

—

—

—

—

—

Legal Settlements

—

—

5.4

—

—

6

—

-1.5

Other Unusual Items

-0.6

-9.3

-20.9

-1.6

-9.3

-7.2

EBT, Incl. Unusual Items

799.1

824.5

1,010.1

1,151.1

938.6

848.1

Income Tax Expense

13

-3.2

5.7

14.6

10.2

6.7

Earnings From Continuing Operations

786.1

827.7

1,004.4

1,136.4

928.4

841.4

Earnings Of Discontinued Operations

—

—

—

—

—

—

—

—

—

—

Minority Interest

-0.1

-0.1

-0.1

0.3

0.4

-0

Net Income

786

827.6

1,004.3

1,136.8

928.8

841.4

Preferred Dividend and Other Adjustments

2.1

2

2.1

2.1

1.7

1.6

Net Income to Common Incl Extra Items

783.9

825.7

1,002.2

1,134.7

927.2

839.8

Net Income to Common Excl. Extra Items

783.9

825.7

1,002.2

1,134.7

927.2

839.8

Total Shares Outstanding

140.3

139.2

139.5

139.7

141.9

142

Weighted Avg. Shares Outstanding

139.1

140.1

139.4

139.6

141.3

141.9

Weighted Avg. Shares Outstanding Dil

139.6

140.4

139.7

140

141.6

142.3

EPS

5.6

5.9

7.2

8.1

6.6

5.9

EPS Diluted

5.6

5.9

7.2

8.1

6.6

5.9

EBITDA

1,492.1

1,421.6

1,409.9

1,609.5

1,716.7

1,763.3

Effective Tax Rate

1.6%

-0.4%

0.6%

1.3%

1.1%

0.8%