Mid-America Apartment Communities Inc. (MAA) Financial Statements (2024 and earlier)

Company Profile

Business Address 6815 POPLAR AVENUE
GERMANTOWN, TN 38138
State of Incorp. TN
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 millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments39542520  
Cash and cash equivalents39542520  
Total current assets:39542520  
Noncurrent Assets
Operating lease, right-of-use asset45474954
Property, plant and equipment2,3402,2262,2132,02211
Long-term investments and receivables42434344  
Long-term investments42434344  
Total noncurrent assets:2,4272,3162,3052,12011
Other undisclosed assets8,7758,9158,8649,090  
TOTAL ASSETS:11,24111,28511,19511,23011
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Due to related parties  190  
Total current liabilities:   190  
Noncurrent Liabilities
Other undisclosed liabilities5,0315,1015,0724,927  
Total liabilities:5,0315,1015,0914,927  
Temporary equity, carrying amount21301514  
Equity
Equity, attributable to parent, including:6,0055,9655,8726,069  
Additional paid in capital7,2037,2317,1777,166  
Accumulated other comprehensive loss(10)(11)(12)(13)  
Other undisclosed equity, attributable to parent(1,188)(1,255)(1,293)(1,084)  
Equity, attributable to noncontrolling interest185189217221  
Total equity:6,1906,1546,0886,289  
TOTAL LIABILITIES AND EQUITY:11,24111,28511,19511,230  

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

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues2,0201,7781,6781,641  
Gross profit:2,0201,7781,6781,641  
Operating expenses(453)(422)(610)(517)(33)(30)
Operating income (loss):1,5671,3561,0681,124(33)(30)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(43)34525  
Interest and debt expense(155)(157)(168)(180)  
Other undisclosed loss from continuing operations before equity method investments, income taxes(723)(670)(639)(601)  
Income (loss) from continuing operations before equity method investments, income taxes:647563266369(33)(30)
Income from equity method investments2122  
Income (loss) from continuing operations before income taxes:649564267370(33)(30)
Income tax expense (benefit)6(14)(3)(4)  
Income (loss) from continuing operations:655551264367(33)(30)
Income (loss) before gain (loss) on sale of properties:551264367(33)(30)
Net income (loss):655551264367(33)(30)
Net loss attributable to noncontrolling interest(17)(17)(9)(13)  
Net income (loss) attributable to parent:637534255354(33)(30)
Preferred stock dividends and other adjustments(4)(4)(4)(4)  
Net income (loss) available to common stockholders, diluted:634530251350(33)(30)

Comprehensive Income ($ in millions)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):655551264367(33)(30)
Other undisclosed comprehensive income (loss)111(13)  
Comprehensive income (loss):656552265353(33)(30)
Comprehensive loss, net of tax, attributable to noncontrolling interest(17)(17)(9)(12)  
Comprehensive income (loss), net of tax, attributable to parent:639535256341(33)(30)

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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