Sun Communities, Inc. (SUI) financial statements (2021 and earlier)
Company profile
| Business Address |
27777 FRANKLIN ROAD SOUTHFIELD, MI 48034 |
| 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 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 22 | 50 | 10 | 8 | 45 | 83 | 5 | ||
| Cash and cash equivalents | 22 | 50 | 10 | 8 | 45 | 83 | 5 | ||
| Total current assets: | 22 | 50 | 10 | 8 | 45 | 83 | 5 | ||
| Noncurrent Assets | |||||||||
| Inventory, real estate | 62 | 49 | 30 | 22 | 15 | ✕ | |||
| Property, plant and equipment | 1,697 | 1,403 | 1,253 | 1,158 | 554 | 391 | 259 | ||
| Long-term investments and receivables | 35 | ||||||||
| Long-term investments | 35 | ||||||||
| Intangible assets, net (including goodwill) | 68 | 88 | 86 | 100 | 44 | 30 | 26 | ||
| Intangible assets, net (excluding goodwill) | 68 | 88 | 86 | 100 | 44 | 30 | 26 | ||
| Estimated insurance recoveries | 19 | ✕ | |||||||
| Total noncurrent assets: | 1,862 | 1,559 | 1,370 | 1,280 | 613 | 421 | 286 | ||
| Other undisclosed assets | 5,918 | 5,100 | 4,732 | 4,583 | 3,533 | 2,433 | 1,709 | ||
| TOTAL ASSETS: | 7,802 | 6,710 | 6,112 | 5,871 | 4,191 | 2,938 | 1,999 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 3,848 | 3,479 | 3,405 | 3,442 | 2,571 | 1,998 | 1,602 | ||
| Total liabilities: | 3,848 | 3,479 | 3,405 | 3,442 | 2,571 | 1,998 | 1,602 | ||
| Temporary equity, carrying amount | 78 | 64 | |||||||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 3,820 | 3,107 | 2,598 | 2,296 | 1,456 | 892 | 381 | ||
| Preferred stock | 0 | 0 | 0 | ||||||
| Common stock | 1 | 1 | 1 | 1 | 1 | 0 | 0 | ||
| Additional paid in capital | 5,213 | 4,399 | 3,759 | 3,321 | 2,319 | 1,755 | 1,142 | ||
| Accumulated other comprehensive income (loss) | (1) | (5) | 1 | (3) | (0) | ||||
| Other undisclosed stockholders' equity attributable to parent | (1,393) | (1,288) | (1,162) | (1,023) | (864) | (864) | (761) | ||
| Stockholders' equity attributable to noncontrolling interest | 56 | 60 | 65 | 67 | 81 | 48 | 17 | ||
| Total stockholders' equity: | 3,876 | 3,167 | 2,664 | 2,362 | 1,537 | 940 | 397 | ||
| Other undisclosed liabilities and equity | 43 | 67 | 83 | ||||||
| TOTAL LIABILITIES AND EQUITY: | 7,802 | 6,710 | 6,112 | 5,871 | 4,191 | 2,938 | 1,999 | ||
Income statement (P&L) ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 1,264 | 1,127 | 983 | 834 | 675 | 472 | 415 | |
| Revenue, net | ✕ | ✕ | 451 | 400 | ||||
| Cost of revenue | (957) | (862) | (527) | (453) | (369) | (270) | (244) | |
| Cost of goods and services sold | (134) | (123) | (327) | (278) | (220) | (165) | (148) | |
| Gross profit: | 307 | 265 | 456 | 381 | 305 | 202 | 171 | |
| Operating expenses | (167) | (135) | (383) | (344) | (267) | (191) | (153) | |
| Other undisclosed operating income | 346 | 252 | 212 | |||||
| Operating income: | 139 | 130 | 73 | 37 | 385 | 262 | 230 | |
| Nonoperating income (expense) | 6 | (0) | (8) | |||||
| Loss from catastrophes | (2) | (0) | (8) | |||||
| Foreign currency transaction gain, before tax | 5 | |||||||
| Other nonoperating income | 3 | |||||||
| Interest and debt expense | (150) | (133) | (6) | (1) | (104) | (71) | (70) | |
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | 133 | 14 | 1 | (241) | (181) | (142) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | (4) | 130 | 73 | 37 | 39 | 10 | 18 | |
| Income from equity method investments | 1 | |||||||
| Income (loss) from continuing operations before income taxes: | (3) | 130 | 73 | 37 | 39 | 10 | 18 | |
| Income tax expense | (0) | (1) | (0) | (0) | ||||
| Income (loss) before gain (loss) on sale of properties: | (3) | 130 | 73 | 37 | 38 | 10 | 18 | |
| Other undisclosed net income (loss) | 180 | (10) | 9 | (5) | 133 | 23 | 2 | |
| Net income: | 177 | 120 | 82 | 31 | 170 | 33 | 20 | |
| Net loss attributable to noncontrolling interest | (10) | (8) | (5) | (0) | (10) | (2) | (1) | |
| Other undisclosed net loss attributable to parent | (6) | (4) | (5) | (5) | (5) | (3) | (3) | |
| Net income attributable to parent: | 162 | 107 | 72 | 26 | 155 | 29 | 17 | |
| Preferred stock dividends and other adjustments | (1) | (2) | (7) | (9) | (14) | (6) | (6) | |
| Other undisclosed net loss available to common stockholders, basic | (4) | |||||||
| Net income available to common stockholders, basic: | 160 | 105 | 65 | 17 | 137 | 22 | 11 | |
| Dilutive securities, effect on basic earnings per share | 1 | (0) | (0) | |||||
| Other undisclosed net income (loss) available to common stockholders, diluted | (1) | 0 | 0 | (2) | 0 | |||
| Net income available to common stockholders, diluted: | 160 | 105 | 65 | 17 | 136 | 22 | 11 | |
Comprehensive Income ($ in millions)
| 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | 12/31/2013 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 177 | 120 | 82 | 31 | 170 | 33 | 20 | |
| Other undisclosed comprehensive income (loss) | 3 | (6) | 5 | (3) | 0 | 0 | ||
| Comprehensive income: | 181 | 114 | 86 | 28 | 170 | 33 | 21 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (10) | (8) | (5) | 0 | (10) | 1 | 1 | |
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (3) | (2) | ||||||
| Comprehensive income, net of tax, attributable to parent: | 171 | 106 | 81 | 28 | 160 | 32 | 20 | |
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.