Preferred Apartment Communities, Inc. (APTS) financial statements (2022 and earlier)

Company profile

Business Address 3284 NORTHSIDE PARKWAY NW
ATLANTA, GA 30327
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
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments3029943921122
Cash and cash equivalents3029943921122
Receivables992533232219
Deferred costs9212012736
Total current assets:495913984503728
Noncurrent Assets
Property, plant and equipment911912959797618426237
Intangible assets, net (including goodwill)601271551361037919
Intangible assets, net (excluding goodwill)601271551361037919
Regulated entity, other noncurrent assets  12 29
Total noncurrent assets:9711,0391,115935720507265
Other undisclosed assets2,5443,1833,5163,3922,4821,8771,003
TOTAL ASSETS:3,5634,2814,7714,4113,2522,4211,296
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities7887542
Interest and dividends payable7887542
Debt1171262161811718943
Total current liabilities:1241342241882219345
Noncurrent Liabilities
Other undisclosed liabilities2,4182,7092,6122,6141,9491,343725
Total liabilities:2,5412,8432,8362,8021,9721,536770
Stockholders' equity
Stockholders' equity attributable to parent, including:1,0241,4401,9311,6081,276884523
Common stock1100000
Additional paid in capital1,1961,6321,9381,6081,271907536
Retained earnings (accumulated deficit)(172)(192)(7) 4(23)(14)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest(2)(1)31512
Total stockholders' equity:1,0221,4381,9341,6091,281885525
TOTAL LIABILITIES AND EQUITY:3,5634,2814,7714,4113,2522,4211,296

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues451502470397294200109
Revenue, net34725817186
Operating leases, income statement, lease revenue395 
Net investment income44475050362923
Cost of revenue(7)(10)(12)(30)(21)(16)(9)
Cost of goods and services sold   (28)(21)(16)(9)
Provision for loan, lease, and other losses(1)(6)(2) 
Deferred sales inducement cost, amortization expense(6)(4)(2)(2)(1)  
Gross profit:445492459368273184100
Operating expenses(349)(582)(370)(327)(235)(170)(90)
Other operating expense, net
(Other Expenses)
(1)(180)(14)(7)(7)(6)(4)
Other undisclosed operating income2821427106282312
Operating income (loss):123(57)102140593019
Nonoperating income (expense)
(Gain (Loss) on Condemnation)
(0)10    
Interest and debt expense(103)(125)(112)(96)(68)(44)(21)
Other undisclosed income from continuing operations before equity method investments, income taxes83      
Income (loss) from continuing operations before income taxes:103(182)(10)44(9)(14)(2)
Other undisclosed income (loss) from continuing operations(82) 30384 
Income (loss) from continuing operations:21(182)(7)4529(10)(2)
Other undisclosed income (loss) before gain (loss) on sale of properties 10210826(38)(4) 
Income (loss) before gain (loss) on sale of properties:21(80)10070(9)(14)(2)
Other undisclosed net income (loss) (102)(108)(26)384 
Net income (loss):21(182)(7)4529(10)(2)
Other undisclosed net income (loss) attributable to parent(0)40(1)(1)00
Net income (loss) attributable to parent:20(178)(7)4328(10)(2)
Preferred stock dividends and other adjustments(153)(161)(114)(87)(64)  
Other undisclosed net loss available to common stockholders, basic(1)(0)(0)(0)(0)(41)(19)
Net loss available to common stockholders, diluted:(133)(339)(121)(43)(36)(51)(21)

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):21(182)(7)4529(10)(2)
Comprehensive income (loss), net of tax, attributable to parent:21(182)(7)4529(10)(2)

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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