Associated Estates Realty Corp (AEC) Financial Statements (2024 and earlier)

Company Profile

Business Address 1 AEC PARKWAY
RICHMOND HEIGHTS, OH 44143-1550
State of Incorp. OH
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)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,9524,6925,3288,88411,6194,586
Cash and cash equivalents6,9524,6925,3288,88411,6194,586
Restricted cash and investments4,14846,36124,07123,3643,7893,465
Total current assets:11,10051,05329,39932,24815,4088,051
Noncurrent Assets
Property, plant and equipment401,727376,967373,843356,959335,718380,959
Long-term investments and receivables55,08454,80045,92139,83635,0079,321
Long-term investments55,08454,80045,92139,83635,0079,321
Intangible assets, net (including goodwill)2,0942,1872,3802,5002,7005,241
Goodwill1,3001,3001,4001,4001,5001,500
Intangible assets, net (excluding goodwill)7948879801,1001,2003,741
Total noncurrent assets:458,905433,954422,144399,295373,425395,521
Other undisclosed assets1,056,510980,690970,288975,8391,005,3171,018,925
TOTAL ASSETS:1,526,5151,465,6971,421,8311,407,3821,394,1501,422,497
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities13,053     
Interest and dividends payable13,053     
Debt    28,88118,451 
Total current liabilities:13,053  28,88118,451 
Noncurrent Liabilities
Other undisclosed liabilities876,196818,121799,007749,046798,354877,697
Total liabilities:889,249818,121799,007777,927816,805877,697
Equity
Equity, attributable to parent, including:636,916647,226622,474629,105576,995544,450
Common stock5,7935,7715,7715,7705,7635,760
Treasury stock, value(1,090)(980)(996)(1,042)(974)(1,915)
Additional paid in capital759,526758,079757,323756,583755,021754,582
Accumulated other comprehensive loss(1,229)(1,093)(634)(1,448)(765)(702)
Other undisclosed equity, attributable to parent(126,084)(114,551)(138,990)(130,758)(182,050)(213,275)
Equity, attributable to noncontrolling interest350350350350350350
Total equity:637,266647,576622,824629,455577,345544,800
TOTAL LIABILITIES AND EQUITY:1,526,5151,465,6971,421,8311,407,3821,394,1501,422,497

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

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
Revenues
(Revenue, Net)
95,56095,70095,65195,17098,86590,189
Cost of revenue(28,693)(47,848)(18,364)(18,363)(60,755)(40,231)
Cost of goods and services sold(19,109)(17,517)(18,235)(18,330)(19,698)(16,331)
Gross profit:66,86747,85277,28776,80738,11049,958
Operating expenses(13,136)9,929(20,038)(20,508)19,3003,442
Other undisclosed operating loss(47,317)(47,444)(47,444)(47,268)(49,150)(44,846)
Operating income:6,41410,3379,8059,0318,2608,554
Nonoperating income 444   8,000 
Investment income, nonoperating 444     
Gain on contract termination     8,000 
Interest and debt expense(6,114)(6,048)(6,387)(6,587)(6,953)(6,893)
Other undisclosed loss from continuing operations before equity method investments, income taxes  (8,000)    
Income (loss) from continuing operations before income taxes:744(3,711)3,4182,4449,3071,661
Other undisclosed income (loss) from continuing operations 40,384 59,904(8,000) 
Income from continuing operations:74436,6733,41862,3481,3071,661
Income before gain (loss) on sale of properties:74436,6733,41862,3481,30729,185
Income from discontinued operations      27,524
Other undisclosed net income     40,96688
Net income attributable to parent:74436,6733,41862,34842,27329,273
Other undisclosed net loss available to common stockholders, basic (109) (212)(157)(92)
Net income available to common stockholders, diluted:74436,5643,41862,13642,11629,181

Comprehensive Income ($ in thousands)

6/30/2015
Q2
3/31/2015
Q1
12/31/2014
Q4
9/30/2014
Q3
6/30/2014
Q2
3/31/2014
Q1
12/31/2013
Q4
Net income:74436,6733,41862,34842,27329,273
Other undisclosed comprehensive income  144,320   63,527
Comprehensive income:744180,9933,41862,34842,27392,800
Comprehensive income (loss), net of tax, attributable to noncontrolling interest608 (4,232)(61,665)(42,210)33,754
Other undisclosed comprehensive income (loss), net of tax, attributable to parent  (144,779)5,04660,98242,147(96,736)
Comprehensive income, net of tax, attributable to parent:1,35236,2144,23261,66542,21029,818

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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