Mid-America Apartment Communities, Inc. Website

Mid-America Apartment Communities, Inc.

NYSE-MAA

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

1,641

1,678

1,778.1

2,019.9

2,148.5

2,174.3

Other Revenues, Total

—

—

—

—

—

—

—

—

—

—

Total Revenues

1,641

1,678

1,778.1

2,019.9

2,148.5

2,174.3

Total Revenues % Chg.

4.4%

2.3%

6%

13.6%

6.4%

2.9%

Cost of Goods Sold, Total

667.9

692.8

726.9

789.2

835.9

865.6

Gross Profit

973.2

985.2

1,051.2

1,230.7

1,312.5

1,308.8

Selling General & Admin Expenses, Total

43.8

46.9

52.9

58.8

58.6

58.5

Depreciation & Amortization

496.8

510.8

533.4

543

565.1

575.6

Other Operating Expenses, Total

540.7

557.7

586.3

601.8

623.6

634.1

Operating Income

432.5

427.5

464.9

628.9

688.9

674.7

Interest Expense, Total

-179.8

-167.6

-156.9

-154.7

-149.2

-156.9

Interest And Investment Income

—

—

—

—

—

—

—

—

—

—

Net Interest Expenses

-179.8

-167.6

-156.9

-154.7

-149.2

-156.9

Income (Loss) On Equity Invest.

1.7

1.5

1.2

1.6

1.7

1.9

Other Non Operating Income (Expenses)

—

23

-0.8

-17.8

-18.1

23.2

14.7

EBT, Excl. Unusual Items

277.3

260.7

291.4

457.6

564.6

534.4

Merger & Related Restructuring Charges

—

—

—

—

—

—

—

Gain (Loss) On Sale Of Investments

—

—

—

—

—

—

5.6

51.7

-45.4

4.4

2.1

Gain (Loss) On Sale Of Assets

93

1

221.2

215.6

-0

-0.1

Insurance Settlements

—

—

—

—

—

—

—

—

29.9

—

4

Legal Settlements

—

—

—

—

—

—

—

—

-8.5

4.5

-5.1

Other Unusual Items

—

—

—

—

—

—

—

-0.6

-0.9

-0.6

EBT, Incl. Unusual Items

370.3

267.3

564.3

648.6

572.6

534.6

Income Tax Expense

3.7

3.3

13.6

-6.2

4.7

3.8

Earnings From Continuing Operations

366.6

264

550.7

654.8

567.8

530.9

Earnings Of Discontinued Operations

—

—

—

—

—

—

—

—

—

—

Minority Interest

-12.8

-9.1

-16.9

-17.3

-15

-14

Net Income

353.8

255

533.8

637.4

552.8

516.9

Preferred Dividend and Other Adjustments

4.2

4

4.2

4.1

3.9

3.9

Net Income to Common Incl Extra Items

349.6

250.9

529.6

633.3

548.9

513

Net Income to Common Excl. Extra Items

349.6

250.9

529.6

633.3

548.9

513

Total Shares Outstanding

114.2

114.4

115.3

115.5

116.7

116.9

Weighted Avg. Shares Outstanding

113.9

114.2

114.7

115.3

116.5

116.7

Weighted Avg. Shares Outstanding Dil

114.1

114.5

115

115.6

116.6

116.7

EPS

3.1

2.2

4.6

5.5

4.7

4.4

EPS Diluted

3.1

2.2

4.6

5.5

4.7

4.4

EBITDA

930.3

939.2

999.3

1,172.9

1,254.8

1,251

Effective Tax Rate

1%

1.2%

2.4%

-1%

0.8%

0.7%