Apartment Investment and Management Company (AIV) financial statements (2023 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments233 143 7761
Cash and cash equivalents233 143 7761
Receivables(1)     
Deposits current assets     1
Total current assets:232 143 7763
Noncurrent Assets
Finance lease, right-of-use asset430  
Operating lease, right-of-use asset5 62
Property, plant and equipment534 1,869  1,859
Long-term investments and receivables338 280  15
Long-term investments338 280  15
Intangible assets, net (including goodwill), including:3 38383841
Goodwill  38383839
Intangible assets, net (excluding goodwill)3     
Other undisclosed intangible assets, net (including goodwill)     1
Deferred income tax assets6  
Total noncurrent assets:1,317 2,24938381,914
Other undisclosed assets885 4,4376,1525,9644,256
TOTAL ASSETS:2,434 6,8296,1906,0796,233
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Liabilities, other than long-term debt125     
Deferred income tax liabilities125  
Total noncurrent liabilities:125     
Other undisclosed liabilities1,713 4,8664,3254,3224,185
Total liabilities:1,838 4,8664,3254,3224,185
Temporary equity, carrying amount34 102101102103
Stockholders' equity
Stockholders' equity attributable to parent, including:501 1,7811,6991,6631,794
Preferred stock   125125125
Common stock1 1122
Additional paid in capital522 3,4973,5163,9004,052
Accumulated other comprehensive income  4541
Accumulated deficit(23)     
Other undisclosed stockholders' equity attributable to parent  (1,722)(1,948)(2,367)(2,385)
Stockholders' equity attributable to noncontrolling interest62 8064(7)151
Total stockholders' equity:562 1,8611,7641,6561,945
TOTAL LIABILITIES AND EQUITY:2,434 6,8296,1906,0796,233

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues170 9149721,005996
Operating lease, lease income169 912
Cost of revenue
(Cost of Goods and Services Sold)
     (4)
Gross profit:170 9149721,005992
Operating expenses(185) (758)(757)(811)(749)
Other undisclosed operating income     4
Operating income (loss):(16) 157216194247
Nonoperating income10 11111614
Investment income, nonoperating  111188
Other nonoperating income10  086
Interest and debt expense(53) (169)(201)(195)(196)
Income (loss) from continuing operations before equity method investments, income taxes:(59) (1)261564
Income from equity method investments30 2   
Other undisclosed income from continuing operations before income taxes10 504677  
Income (loss) from continuing operations before income taxes:(19) 5057041564
Income tax benefit14 3133225
Income (loss) before gain (loss) on sale of properties:(5) 5087174889
Gain on sale of properties, net of applicable income taxes    300394
Net income (loss):(5) 508717347483
Net loss attributable to noncontrolling interest(1) (34)(50)(31)(53)
Net income (loss) attributable to parent:(6) 474666316430
Preferred stock dividends and other adjustments  (7)(9)(9)(12)
Other undisclosed net loss available to common stockholders, basic  (1)(1)(0)(1)
Net income (loss) available to common stockholders, diluted:(6) 466657307418

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income (loss):(5) 508717347483
Other comprehensive income (loss)  (1)138
Comprehensive income (loss):(5) 507718350491
Comprehensive loss, net of tax, attributable to noncontrolling interest  (34)(50)(32)(53)
Comprehensive income (loss), net of tax, attributable to parent:(5) 473667318437

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.

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