Equity Residential Website

Equity Residential

NYSE-EQR

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

Total Revenues

2,700.7

2,571.7

2,464

2,735.2

2,874

2,916.5

Total Revenues % Chg.

4.8%

-4.8%

-4.2%

11%

5.1%

3.5%

Cost of Goods Sold, Total

908.3

916.4

948.8

982.6

1,046.5

1,056.8

Gross Profit

1,792.4

1,655.3

1,515.2

1,752.6

1,827.5

1,859.7

Selling General & Admin Expenses, Total

52.8

48.3

56.5

58.7

60.7

60

Depreciation & Amortization

831.1

820.8

838.3

882.2

888.7

901.6

Other Operating Expenses, Total

883.8

869.1

894.8

940.9

949.4

961.6

Operating Income

908.5

786.2

620.4

811.7

878

898.1

Interest Expense, Total

-401.7

-374

-281.2

-291.6

-278.5

-279.4

Interest And Investment Income

3.2

5.9

2.2

0.1

7.4

9.8

Net Interest Expenses

-398.5

-368.1

-279

-291.5

-271.1

-269.5

Income (Loss) On Equity Invest.

65.9

-3.3

-3.4

-5

-5.4

-6.1

Other Non Operating Income (Expenses)

-18.2

-17.5

-19.3

-13.7

-29.4

-59

EBT, Excl. Unusual Items

557.7

397.3

318.8

501.5

572.1

563.4

Gain (Loss) On Sale Of Investments

—

—

—

—

23.4

2.1

15

19.5

Gain (Loss) On Sale Of Assets

449.7

566

1,072.2

304.3

282.5

410.4

Asset Writedown

—

—

—

—

—

—

-16.8

—

—

—

Insurance Settlements

—

—

—

—

—

—

—

—

—

—

Other Unusual Items

—

—

—

—

—

—

—

—

—

—

EBT, Incl. Unusual Items

1,007.4

963.4

1,397.6

807.9

869.6

993.3

Income Tax Expense

-2.3

0.9

0.9

0.9

1.1

1.1

Earnings From Continuing Operations

1,009.7

962.5

1,396.7

807

868.5

992.1

Earnings Of Discontinued Operations

—

—

—

—

—

—

—

—

Minority Interest

-39.3

-48.9

-63.9

-30.1

-33.1

-34.7

Net Income

970.4

913.6

1,332.9

776.9

835.4

957.5

Preferred Dividend and Other Adjustments

3.1

3.1

3.1

3.1

3.1

3.9

Net Income to Common Incl Extra Items

967.3

910.5

1,329.8

773.8

832.3

953.6

Net Income to Common Excl. Extra Items

967.3

910.5

1,329.8

773.8

832.3

953.6

Total Shares Outstanding

371.7

372.3

375.5

378.4

379.3

379.1

Weighted Avg. Shares Outstanding

370.5

371.8

373.8

376.2

378.8

378.9

Weighted Avg. Shares Outstanding Dil

386.3

385.9

388.1

389.5

390.9

390.6

EPS

2.6

2.4

3.6

2.1

2.2

2.5

EPS Diluted

2.6

2.4

3.5

2.1

2.2

2.5

EBITDA

1,739.5

1,606.9

1,458.5

1,693.9

1,766.8

1,799.7

Effective Tax Rate

-0.2%

0.1%

0.1%

0.1%

0.1%

0.1%