Mid-America Apartment Communities, Inc. (MAA) Financial Statements (2023 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)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 54 | 25 | 20 | ||||||
| Cash and cash equivalents | 54 | 25 | 20 | ||||||
| Total current assets: | 54 | 25 | 20 | ||||||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 47 | 49 | 54 | ✕ | ✕ | ✕ | ✕ | ||
| Property, plant and equipment | 2,226 | 2,213 | 2,022 | 1 | 1 | 52 | 4 | ||
| Long-term investments and receivables | 43 | 43 | 44 | ||||||
| Long-term investments | 43 | 43 | 44 | ||||||
| Total noncurrent assets: | 2,316 | 2,305 | 2,120 | 1 | 1 | 52 | 4 | ||
| Other undisclosed assets | 8,915 | 8,864 | 9,090 | ||||||
| TOTAL ASSETS: | 11,285 | 11,195 | 11,230 | 1 | 1 | 52 | 4 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Due to related parties | 19 | 0 | |||||||
| Total current liabilities: | 19 | 0 | |||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 5,101 | 5,072 | 4,927 | ||||||
| Total liabilities: | 5,101 | 5,091 | 4,927 | ||||||
| Temporary equity, carrying amount | 30 | 15 | 14 | ||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 5,965 | 5,872 | 6,069 | ||||||
| Additional paid in capital | 7,231 | 7,177 | 7,166 | ||||||
| Accumulated other comprehensive loss | (11) | (12) | (13) | ||||||
| Other undisclosed stockholders' equity attributable to parent | (1,255) | (1,293) | (1,084) | ||||||
| Stockholders' equity attributable to noncontrolling interest | 189 | 217 | 221 | 2 | |||||
| Total stockholders' equity: | 6,154 | 6,088 | 6,289 | 2 | |||||
| TOTAL LIABILITIES AND EQUITY: | 11,285 | 11,195 | 11,230 | 2 | |||||
Income Statement (P&L) ($ in millions) Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,778 | 1,678 | 1,641 | 0 | ||||
| Revenue, net | ✕ | ✕ | ✕ | ✕ | 0 | |||
| Gross profit: | 1,778 | 1,678 | 1,641 | 0 | ||||
| Operating expenses | (422) | (610) | (517) | (33) | (30) | (25) | (20) | |
| Operating income (loss): | 1,356 | 1,068 | 1,124 | (33) | (30) | (25) | (20) | |
| Nonoperating income (Other Nonoperating income) | 34 | 5 | 25 | |||||
| Interest and debt expense | (157) | (168) | (180) | |||||
| Other undisclosed loss from continuing operations before equity method investments, income taxes | (670) | (639) | (601) | |||||
| Income (loss) from continuing operations before equity method investments, income taxes: | 563 | 266 | 369 | (33) | (30) | (25) | (20) | |
| Income from equity method investments | 1 | 2 | 2 | |||||
| Income (loss) from continuing operations before income taxes: | 564 | 267 | 370 | (33) | (30) | (25) | (20) | |
| Income tax expense | (14) | (3) | (4) | |||||
| Net income (loss): | 551 | 264 | 367 | (33) | (30) | (25) | (20) | |
| Net loss attributable to noncontrolling interest | (17) | (9) | (13) | |||||
| Net income (loss) attributable to parent: | 534 | 255 | 354 | (33) | (30) | (25) | (20) | |
| Preferred stock dividends and other adjustments | (4) | (4) | (4) | |||||
| Net income (loss) available to common stockholders, diluted: | 530 | 251 | 350 | (33) | (30) | (25) | (20) | |
Comprehensive Income ($ in millions)Annual | Quarterly
| 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 551 | 264 | 367 | (33) | (30) | (25) | (20) | |
| Other undisclosed comprehensive income (loss) | 1 | 1 | (13) | |||||
| Comprehensive income (loss): | 552 | 265 | 353 | (33) | (30) | (25) | (20) | |
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (17) | (9) | (12) | |||||
| Comprehensive income (loss), net of tax, attributable to parent: | 535 | 256 | 341 | (33) | (30) | (25) | (20) | |
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.