Preferred Apartment Communities, Inc. (APTS) financial statements (2020 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)

12/31/2019
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 investments94392112239
Cash and cash equivalents94392112239
Receivables253323221914 
Deferred costs201273665
Total current assets:139845037282414
Noncurrent Assets
Property, plant and equipment95979761842623711649
Intangible assets, net (including goodwill)155136103791913(12)
Intangible assets, net (excluding goodwill)155136103791913(12)
Regulated entity, other noncurrent assets12 295 
Assets held-for-sale, long lived36
Total noncurrent assets:1,11593572050726513473
Other undisclosed assets3,5163,3922,4821,8771,003539254
TOTAL ASSETS:4,7714,4113,2522,4211,296696342
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities875421 
Interest and dividends payable875421 
Debt21618117189432743
Total current liabilities:22418822193452843
Noncurrent Liabilities
Other undisclosed liabilities2,6122,6141,9491,343725377133
Total liabilities:2,8362,8021,9721,536770405176
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9311,6081,276884523289165
Preferred stock      0
Common stock0000000
Additional paid in capital1,9381,6081,271907536301178
Retained earnings (accumulated deficit)(7) 4(23)(14)(11)(13)
Other undisclosed stockholders' equity attributable to parent000000 
Stockholders' equity attributable to noncontrolling interest3151221
Total stockholders' equity:1,9341,6091,281885525292166
TOTAL LIABILITIES AND EQUITY:4,7714,4113,2522,4211,296696342

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
Revenues4703972942001095729
Revenue, net347258171863819
Operating leases, income statement, lease revenue395 
Net investment income505036292319 
Financial services revenue    9
Cost of revenue(12)(30)(21)(16)(9)(4)(23)
Cost of goods and services sold (28)(21)(16)(9)(4)(1)
Provision for loan, lease, and other losses(2) 
Deferred sales inducement cost, amortization expense(2)(2)(1)    
Gross profit:459368273184100525
Operating expenses(370)(327)(235)(170)(90)(44)(3)
Other operating expense, net
(Other Expenses)
(14)(7)(7)(6)(4)(2) 
Other undisclosed operating income271062823126 
Operating income:102140593019122
Nonoperating income (expense)
(gain on Condemnation)
0      
Interest and debt expense(112)(96)(68)(44)(21)(10)(5)
Income (loss) from continuing operations before income taxes:(10)44(9)(14)(2)2(3)
Other undisclosed income from continuing operations30384   
Income (loss) from continuing operations:(7)4529(10)(2)2(3)
Loss from discontinued operations      (1)
Other undisclosed income (loss) before gain (loss) on sale of properties10826(38)(4)   
Income (loss) before gain (loss) on sale of properties:10070(9)(14)(2)2(4)
Other undisclosed net income (loss)(108)(26)384   
Net income (loss):(7)4529(10)(2)2(4)
Other undisclosed net income (loss) attributable to parent0(1)(1)00(0)0
Net income (loss) attributable to parent:(7)4328(10)(2)2(4)
Preferred stock dividends and other adjustments(114)(87)(64)   (4)
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(41)(19)(7)(7)
Net loss available to common stockholders, diluted:(121)(43)(36)(51)(21)(5)(15)

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 (loss):(7)4529(10)(2)2(4)
Comprehensive income (loss), net of tax, attributable to parent:(7)4529(10)(2)2(4)

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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