Apartment Investment and Management Company (AIV) financial statements (2022 and earlier)
Company profile
| Business Address |
4582 SOUTH ULSTER STREET DENVER, CO 80237 |
| 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)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 290 | 143 | 77 | 61 | 51 | 29 | |||
| Cash and cash equivalents | 290 | 143 | 77 | 61 | 51 | 29 | |||
| Receivables | (1) | ||||||||
| Deposits current assets | 1 | ||||||||
| Total current assets: | 288 | 143 | 77 | 63 | 51 | 29 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 62 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Property, plant and equipment | 505 | 1,869 | 1,859 | 1,861 | 1,886 | ||||
| Long-term investments and receivables | 280 | 15 | 15 | 16 | |||||
| Long-term investments | 280 | 15 | 15 | 16 | |||||
| Intangible assets, net (including goodwill), including: | (10) | 38 | 38 | 38 | 41 | 45 | 49 | ||
| Goodwill | 38 | 38 | 38 | 39 | 44 | 45 | |||
| Intangible assets, net (excluding goodwill) | (10) | ||||||||
| Other undisclosed intangible assets, net (including goodwill) | 1 | 2 | 4 | ||||||
| Total noncurrent assets: | 495 | 2,249 | 38 | 38 | 1,914 | 1,922 | 1,951 | ||
| Other undisclosed assets | 1,057 | 4,437 | 6,152 | 5,964 | 4,256 | 4,171 | 4,117 | ||
| TOTAL ASSETS: | 1,840 | 6,829 | 6,190 | 6,079 | 6,233 | 6,144 | 6,097 | ||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Liabilities, other than long-term debt | 132 | ||||||||
| Deferred income tax liabilities | 132 | ✕ | ✕ | ✕ | ✕ | ✕ | |||
| Total noncurrent liabilities: | 132 | ||||||||
| Other undisclosed liabilities | 1,146 | 4,866 | 4,325 | 4,322 | 4,185 | 4,292 | 4,567 | ||
| Total liabilities: | 1,277 | 4,866 | 4,325 | 4,322 | 4,185 | 4,292 | 4,567 | ||
| Temporary equity, carrying amount | 4 | 102 | 101 | 102 | 103 | 88 | 88 | ||
| Stockholders' equity | |||||||||
| Stockholders' equity attributable to parent, including: | 500 | 1,781 | 1,699 | 1,663 | 1,794 | 1,622 | 1,228 | ||
| Preferred stock | 125 | 125 | 125 | 159 | 186 | ||||
| Common stock | 1 | 1 | 1 | 2 | 2 | 2 | 1 | ||
| Additional paid in capital | 515 | 3,497 | 3,516 | 3,900 | 4,052 | 4,065 | 3,696 | ||
| Accumulated other comprehensive income (loss) | (17) | 4 | 5 | 4 | 1 | (6) | (6) | ||
| Other undisclosed stockholders' equity attributable to parent | (1,722) | (1,948) | (2,367) | (2,385) | (2,597) | (2,650) | |||
| Stockholders' equity attributable to noncontrolling interest | 27 | 80 | 64 | (7) | 151 | 142 | 214 | ||
| Other undisclosed stockholders' equity | 32 | ||||||||
| Total stockholders' equity: | 559 | 1,861 | 1,764 | 1,656 | 1,945 | 1,764 | 1,442 | ||
| TOTAL LIABILITIES AND EQUITY: | 1,840 | 6,829 | 6,190 | 6,079 | 6,233 | 6,144 | 6,097 | ||
Income statement (P&L) ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 151 | 914 | 972 | 1,005 | 996 | 981 | 984 | |
| Operating lease, lease income | 151 | 912 | ✕ | ✕ | ✕ | ✕ | ✕ | |
| Cost of revenue (Cost of Goods and Services Sold) | (4) | (6) | (381) | |||||
| Gross profit: | 151 | 914 | 972 | 1,005 | 992 | 975 | 604 | |
| Operating expenses | (166) | (758) | (757) | (811) | (749) | (725) | (722) | |
| Other undisclosed operating income | 4 | 6 | 381 | |||||
| Operating income (loss): | (14) | 157 | 216 | 194 | 247 | 256 | 262 | |
| Nonoperating income | 11 | 11 | 16 | 14 | 7 | 6 | ||
| Investment income, nonoperating | 11 | 11 | 8 | 8 | 7 | 7 | ||
| Other nonoperating income (expense) | 0 | 8 | 6 | 0 | (1) | |||
| Interest and debt expense | (28) | (169) | (201) | (195) | (196) | (200) | (221) | |
| Income (loss) from continuing operations before equity method investments, income taxes: | (42) | (1) | 26 | 15 | 64 | 64 | 47 | |
| Income from equity method investments | 28 | 2 | ||||||
| Other undisclosed income (loss) from continuing operations before income taxes | (2) | 504 | 677 | |||||
| Income (loss) from continuing operations before income taxes: | (16) | 505 | 704 | 15 | 64 | 64 | 47 | |
| Income tax benefit | 10 | 3 | 13 | 32 | 25 | 28 | 20 | |
| Income (loss) before gain (loss) on sale of properties: | (6) | 508 | 717 | 48 | 89 | 91 | 67 | |
| Gain on sale of properties, net of applicable income taxes | 300 | 394 | 181 | 289 | ||||
| Net income (loss): | (6) | 508 | 717 | 347 | 483 | 272 | 356 | |
| Net income (loss) attributable to noncontrolling interest | 0 | (34) | (50) | (31) | (53) | (23) | (47) | |
| Other undisclosed net income attributable to parent | 1 | |||||||
| Net income (loss) attributable to parent: | (5) | 474 | 666 | 316 | 430 | 249 | 309 | |
| Preferred stock dividends and other adjustments | (7) | (9) | (9) | (12) | (12) | (8) | ||
| Other undisclosed net loss available to common stockholders, basic | (1) | (1) | (0) | (1) | (1) | (1) | ||
| Net income (loss) available to common stockholders, diluted: | (5) | 466 | 657 | 307 | 418 | 236 | 300 | |
Comprehensive Income ($ in millions)
| 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | 12/31/2015 | 12/31/2014 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (6) | 508 | 717 | 347 | 483 | 272 | 356 | |
| Other comprehensive income (loss) | (1) | 1 | 3 | 8 | 1 | (2) | ||
| Comprehensive income (loss): | (6) | 507 | 718 | 350 | 491 | 273 | 354 | |
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | 0 | (34) | (50) | (32) | (53) | (23) | (47) | |
| Comprehensive income (loss), net of tax, attributable to parent: | (6) | 473 | 667 | 318 | 437 | 249 | 307 | |
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.