AvalonBay Communities, Inc. (AVB) financial statements (2020 and earlier)

Company profile

Business Address 671 N. GLEBE ROAD
ARLINGTON, VA 22203
State of Incorp. MD
Fiscal Year End December 31
SIC 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments40246244639256102
Cash and cash equivalents40246244639256102
Deferred costs70746055474642
Disposal group, including discontinued operation  40765580141
Total current assets:110321344195194182284
Noncurrent Assets
Finance lease, right-of-use asset222222 
Operating lease, right-of-use asset10399100 
Inventory, real estate458454     
Property, plant and equipment6,4326,3936,8356,6606,5616,5116,362
Long-term investments and receivables166207209213217174165
Long-term investments166207209213217174165
Total noncurrent assets:7,1817,1757,1656,8736,7796,6846,528
Other undisclosed assets11,83011,56511,42311,57311,40711,79611,859
TOTAL ASSETS:19,12119,06018,93318,64018,38018,66218,671
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8,1288,2428,1797,9037,7448,2598,267
Total liabilities:8,1288,2428,1797,9037,7448,2598,267
Temporary equity, carrying amount3333366
Stockholders' equity
Stockholders' equity attributable to parent10,99010,81410,75010,73410,63310,39710,398
Common stock1111111
Additional paid in capital10,73710,52910,51910,45810,30710,24910,240
Accumulated other comprehensive loss(32)(45)(33)(32)(26)(21)(23)
Retained earnings283329263307351168179
Stockholders' equity attributable to noncontrolling interest111    
Total stockholders' equity:10,99010,81510,75110,73410,63310,39710,398
TOTAL LIABILITIES AND EQUITY:19,12119,06018,93318,64018,38018,66218,671

Income statement (P&L) ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Revenues594588577566579576569
Operating lease, lease income592586576 
Operating leases, income statement, lease revenue565578575568
Cost of revenue
(Cost of Goods and Services Sold)
(125)(133)(133)    
Gross profit:468454444566579576569
Operating expenses(431)(428)(430)(410)(438)(421)(421)
Operating income:372615156140155148
Nonoperating expense
(Other Nonoperating expense)
(2)(0)(3)    
Interest and debt expense(54)(52)(50)(48)(70)(56)(57)
Income (loss) from continuing operations before equity method investments, income taxes:(19)(25)(38)108709991
Income (loss) from equity method investments820(1)3101
Other undisclosed income from continuing operations before income taxes1813152066331283163
Income from continuing operations before income taxes:169291168170385192255
Income tax expense (benefit)(2)(11) (0)0(0)(0)
Income from continuing operations:168280168170386192255
Other undisclosed income (loss) before gain (loss) on sale of properties    145(37)(106)
Income before gain (loss) on sale of properties:168280168170531155148
Other undisclosed net income (loss)    (145)37106
Net income:168280168170386192255
Net income (loss) attributable to noncontrolling interest(0)(0)(0)(0)000
Net income attributable to parent:168280168170386192255
Undistributed earnings (loss) allocated to participating securities, basic    (3)  
Other undisclosed net income available to common stockholders, basic    3  
Net income available to common stockholders, basic:168280168170386192255
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:168280168170386192255

Comprehensive Income ($ in millions)

12/31/2019
Q4
9/30/2019
Q3
6/30/2019
Q2
3/31/2019
Q1
12/31/2018
Q4
9/30/2018
Q3
6/30/2018
Q2
Net income:168280168170386192255
Comprehensive income:168280168170386192255
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)(0)000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent14(12)(1)(6)(5)11
Comprehensive income, net of tax, attributable to parent:181268167165381194256

Statements sources

The financial statements are based on the company's filings with the 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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