Apartment Investment and Management Company (AIV) Financial Statements (2024 and earlier)

Company Profile

Business Address 4582 SOUTH ULSTER STREET
DENVER, CO 80237
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)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments164,990166,149206,460206,36681,799109,011
Cash and cash equivalents164,990166,149206,460206,36681,799109,011
Receivables(346)(850)(1,206)(1,406)(1,397)(1,269)
Total current assets:164,644165,299205,254204,96080,402107,742
Noncurrent Assets
Finance lease, right-of-use asset, after accumulated amortization109,631110,625110,26995,506130,532522,874
Operating lease, right-of-use asset6,9006,4006,7004,6004,7004,900
Property, plant and equipment638,660640,892641,102639,272601,757574,434
Long-term investments and receivables158,301158,430158,558362,788354,365346,034
Long-term investments158,301158,430158,558362,788354,365346,034
Intangible assets, net (including goodwill)13,63213,89014,1601,1761,6022,114
Intangible assets, net (excluding goodwill)13,63213,89014,1601,1761,6022,114
Deferred income tax assets1,7882,0922,3211,999 9,660
Total noncurrent assets:928,912932,329933,1101,105,3411,092,9561,460,016
Other undisclosed assets1,122,7961,091,5471,042,859985,9431,246,0541,026,086
TOTAL ASSETS:2,216,3522,189,1752,181,2232,296,2442,419,4122,593,844
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt    1  
Total current liabilities:    1  
Noncurrent Liabilities
Liabilities, other than long-term debt113,969114,883119,615121,344136,950123,641
Deferred income tax liabilities113,969114,883119,615121,344136,950123,641
Total noncurrent liabilities:113,969114,883119,615121,344136,950123,641
Other undisclosed liabilities1,334,9761,298,4141,269,4241,164,0071,405,6261,850,986
Total liabilities:1,448,9451,413,2971,389,0391,285,3521,542,5761,974,627
Temporary equity, carrying amount168,648167,129166,826158,13551,81437,232
Equity
Equity, attributable to parent522,182531,839547,852766,829741,124510,381
Common stock1,4381,4481,4661,4921,4921,497
Additional paid in capital483,258489,304496,482514,341515,065523,455
Retained earnings (accumulated deficit)37,48641,08749,904250,996224,567(14,571)
Equity, attributable to noncontrolling interest76,57776,91077,50685,92883,89871,604
Total equity:598,759608,749625,358852,757825,022581,985
TOTAL LIABILITIES AND EQUITY:2,216,3522,189,1752,181,2232,296,2442,419,4122,593,844

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues45,67444,26841,96947,68350,69749,994
Operating lease, lease income45,45244,166 47,68250,52449,994
Gross profit:45,67444,26841,96947,68350,69749,994
Operating expenses(43,704)(42,178)(41,385)(113,702)(63,532)(51,811)
Operating income (loss):1,9702,090584(66,019)(12,835)(1,817)
Nonoperating income (expense)1,065(1,440)(7,578)(255)(1,413)(4,541)
Investment income, nonoperating2,4782,0584,052   
Other nonoperating expense(1,413)(3,498)(11,630)(255)(1,413)(4,541)
Interest and debt expense(9,656)(9,725)(7,977)(9,719)(41,546)(14,601)
Loss from continuing operations before equity method investments, income taxes:(6,621)(9,075)(14,971)(75,993)(55,794)(20,959)
Income from equity method investments    8,4238,3308,237
Other undisclosed income (loss) from continuing operations before income taxes6,348(874)(197,441)84,180346,63218,778
Income (loss) from continuing operations before income taxes:(273)(9,949)(212,412)16,610299,1686,056
Income tax expense (benefit)4174,1967,07417,563(45,957)4,056
Income (loss) from continuing operations:144(5,753)(205,338)34,173253,21110,112
Income before gain (loss) on sale of properties:34,173253,21110,112
Net income (loss):144(5,753)(205,338)34,173253,21110,112
Net loss attributable to noncontrolling interest(3,746)(3,064)(3,053)(4,701)(14,074)(1,903)
Other undisclosed net income (loss) attributable to parent   10,019(405)(3,284)(114)
Net income (loss) attributable to parent:(3,602)(8,817)(198,372)29,067235,8538,095
Undistributed earnings (loss) allocated to participating securities, basic   2,719(405)(3,284)(114)
Other undisclosed net income (loss) available to common stockholders, basic   (5,438)8106,568228
Net income (loss) available to common stockholders, diluted:(3,602)(8,817)(201,091)29,472239,1378,209

Comprehensive Income ($ in thousands)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income (loss):144(5,753)(205,338)34,173253,21110,112
Comprehensive income (loss), net of tax, attributable to parent:144(5,753)(205,338)34,173253,21110,112

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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