American Campus Communities Inc (ACC) Financial Statements (2024 and earlier)

Company Profile

Business Address 12700 HILL COUNTRY BOULEVARD
AUSTIN, TX 78738
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2022
MRQ
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments 120,35154,01754,65071,23841,18222,140
Cash and cash equivalents 120,35154,01754,65071,23841,18222,140
Total current assets: 120,35154,01754,65071,23841,18222,140
Noncurrent Assets
Operating lease, right-of-use asset 456,239457,573460,857
Intangible assets, net (including goodwill)    1,1004,2001,300
Intangible assets, net (excluding goodwill)    1,1004,2001,300
Deferred costs 27,20019,4007,1007,5004,7009,200
Total noncurrent assets: 483,439476,973467,9578,6008,90010,500
Other undisclosed assets 6,970,7967,000,1707,037,1476,959,0086,847,2885,833,273
TOTAL ASSETS: 7,574,5867,531,1607,559,7547,038,8466,897,3705,865,913
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities 4,273,3014,350,0564,116,6993,307,5993,266,2432,360,348
Total liabilities: 4,273,3014,350,0564,116,6993,307,5993,266,2432,360,348
Temporary equity, carrying amount 31,85824,567104,381184,446132,16955,078
Equity
Equity, attributable to parent, including: 3,117,3783,114,1283,294,6763,481,0513,484,9853,444,985
Treasury stock, value    (3,092)(2,944)(975)
Additional paid in capital 4,694,2424,472,1704,458,4564,458,2404,326,9104,118,842
Accumulated other comprehensive loss (14,547)(22,777)(16,946)(4,397)(2,701)(4,067)
Accumulated deficit (1,559,765)(1,332,689)(1,144,721)(971,070)(837,644)(670,137)
Other undisclosed equity, attributable to parent (2,552)(2,576)(2,113)1,3701,3641,322
Equity, attributable to noncontrolling interest 152,04942,40943,998   
Other undisclosed equity    65,75013,9735,502
Total equity: 3,269,4273,156,5373,338,6743,546,8013,498,9583,450,487
TOTAL LIABILITIES AND EQUITY: 7,574,5867,531,1607,559,7547,038,8466,897,3705,865,913

Income Statement (P&L) ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues 942,409870,584943,042880,810796,447786,361
Cost of revenue
(Cost of Goods and Services Sold)
     (10,213)(9,167)
Gross profit: 942,409870,584943,042880,810786,234777,194
Operating expenses (785,849)(683,240)(763,152)(668,215)(653,909)(613,218)
Other undisclosed operating income     10,2139,167
Operating income: 156,560187,344179,890212,595142,538173,143
Nonoperating expense (121,915)(116,147)(91,621)(91,042)(71,428)(71,370)
Interest and debt expense (117,793)(112,507)20,9927,867(71,122)(12,841)
Income (loss) from continuing operations before equity method investments, income taxes: (83,148)(41,310)109,261129,420(12)88,932
Other undisclosed income (loss) from continuing operations before income taxes 117,793112,507(20,992)(7,867)71,12212,841
Income from continuing operations before income taxes: 34,64571,19788,269121,55371,110101,773
Income tax expense (1,361)(1,349)(1,507)(2,429)(989)(1,150)
Income from continuing operations: 33,28469,84886,762119,12470,121100,623
Income before gain (loss) on sale of properties:33,28469,84886,762119,12470,121100,623
Net income: 33,28469,84886,762119,12470,121100,623
Net income (loss) attributable to noncontrolling interest 2,2052,955(1,793)(2,029)(1,083)(1,562)
Net income attributable to parent: 35,48972,80384,969117,09569,03899,061
Undistributed earnings (loss) allocated to participating securities, basic (2,285)(2,142)(1,902)(1,522)(1,536)
Other undisclosed net loss available to common stockholders, basic      (1,338)
Net income available to common stockholders, diluted: 33,20470,66183,067115,57367,50297,723

Comprehensive Income ($ in thousands)

3/31/2022
TTM
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income: 33,28469,84886,762119,12470,121100,623
Other comprehensive income     1,3661,763
Comprehensive income: 33,28469,84886,762119,12471,487102,386
Comprehensive income (loss), net of tax, attributable to noncontrolling interest 2,2052,955(1,793)(2,029)(1,083)(1,562)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent 8,230(5,831)(12,549)(1,696)  
Comprehensive income, net of tax, attributable to parent: 43,71966,97272,420115,39970,404100,824

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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