Equity Lifestyle Properties Inc. (ELS) Financial Statements (2024 and earlier)

Company Profile

Business Address TWO N RIVERSIDE PLZ
CHICAGO, IL 60606
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)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Noncurrent Assets
Operating lease, right-of-use asset  25,90030,300  
Property, plant and equipment7,706,291249,277290,2906,160,4265,743,0495,273,477
Long-term investments and receivables85,30481,40470,31219,72620,07457,755
Long-term investments85,30481,40470,31219,72620,07457,755
Intangible assets, net (including goodwill) 55,60055,60055,40012,50012,10012,100
Goodwill 17,60017,60017,4007,8007,8007,800
Intangible assets, net (excluding goodwill) 38,00038,00038,0004,7004,3004,300
Regulated entity, other noncurrent assets  28,10028,900   
Total noncurrent assets:7,847,195440,281475,2026,192,6525,775,2235,343,332
Other undisclosed assets(2,233,462)5,052,2384,832,669(1,773,683)(1,623,948)(1,417,524)
TOTAL ASSETS:5,613,7335,492,5195,307,8714,418,9694,151,2753,925,808
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities4,115,1123,975,0343,821,7003,114,2142,829,3872,732,464
Total liabilities:4,115,1123,975,0343,821,7003,114,2142,829,3872,732,464
Equity
Equity, attributable to parent, including:1,428,7211,445,4051,415,1101,233,6871,249,8101,121,552
Common stock1,9171,9161,9131,8131,812896
Additional paid in capital1,644,3191,628,6181,593,3621,411,3971,402,6961,329,391
Accumulated other comprehensive income (loss)6,06119,1193,524 (380)2,299
Other undisclosed equity, attributable to parent(223,576)(204,248)(183,689)(179,523)(154,318)(211,034)
Equity, attributable to noncontrolling interest69,90072,08071,06171,06872,07871,792
Total equity:1,498,6211,517,4851,486,1711,304,7551,321,8881,193,344
TOTAL LIABILITIES AND EQUITY:5,613,7335,492,5195,307,8714,418,9694,151,2753,925,808

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

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues1,489,4231,447,0801,271,6941,091,4481,037,256986,653
Operating lease, lease income1,178,9591,118,6011,032,575923,743879,635
Cost of revenue(1,101,112)(1,086,444)(935,056)(798,823)(751,334)(313,003)
Cost of goods and services sold(469,912)(443,157)(398,983)(354,340)(333,520)(313,003)
Gross profit:388,311360,636336,638292,625285,922673,650
Operating expenses(68,254)(65,174)(64,460)(56,608)(51,262)(482,766)
Other operating expense, net
(Other Expenses)
(5,768)(8,646)(3,100)(2,567)(2,865) 
Other undisclosed operating income5,768     
Operating income:320,057286,816269,078233,450231,795190,884
Nonoperating expense
(Investment Income, Nonoperating)
(3,581)     
Interest and debt expense(68)(116,562)(108,718)(102,771)(104,223)(104,993)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 125,208111,759105,338159,595135,556
Income from continuing operations before equity method investments, income taxes:316,408295,462272,119236,017287,167221,447
Income from equity method investments2,7133,3633,8815,3998,7554,939
Income from continuing operations before income taxes:319,121298,825276,000241,416295,922226,386
Income tax benefit10,488     
Other undisclosed income from continuing operations      
Income from continuing operations:329,609298,825276,000241,416295,922226,386
Income before gain (loss) on sale of properties:276,000241,416295,922226,386
Other undisclosed net income68     
Net income:329,677298,825276,000241,416295,922226,386
Net loss attributable to noncontrolling interest(15,470)(14,198)(13,522)(13,132)(16,783)(13,774)
Other undisclosed net income attributable to parent15,47014,19813,52213,13216,78313,774
Net income attributable to parent:329,677298,825276,000241,416295,922226,386
Preferred stock dividends and other adjustments(16)    (16)
Other undisclosed net loss available to common stockholders, basic(15,470)(14,214)(13,538)(13,148)(16,799)(13,774)
Net income available to common stockholders, basic:314,191284,611262,462228,268279,123212,596
Dilutive securities, effect on basic earnings per share15,47014,19813,52213,13216,783 
Other undisclosed net income available to common stockholders, diluted      13,774
Net income available to common stockholders, diluted:329,661298,809275,984241,400295,906226,370

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:329,677298,825276,000241,416295,922226,386
Other undisclosed comprehensive income (loss)(13,058)15,5953,524380(2,679)1,357
Comprehensive income:316,619314,420279,524241,796293,243227,743
Comprehensive loss, net of tax, attributable to noncontrolling interest(14,862)(15,005)(13,692)(13,154)(16,633)(13,861)
Other undisclosed comprehensive loss, net of tax, attributable to parent(16)(16)(16)(16)(16)(16)
Comprehensive income, net of tax, attributable to parent:301,741299,399265,816228,626276,594213,866

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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