Preferred Apartment Communities, Inc. (APTS) financial statements (2021 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)

12/31/2020
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 investments299439211223
Cash and cash equivalents299439211223
Receivables9253323221914
Deferred costs2120127366
Total current assets:591398450372824
Noncurrent Assets
Property, plant and equipment912959797618426237116
Intangible assets, net (including goodwill)127155136103791913
Intangible assets, net (excluding goodwill)127155136103791913
Regulated entity, other noncurrent assets 12 295
Total noncurrent assets:1,0391,115935720507265134
Other undisclosed assets3,1833,5163,3922,4821,8771,003539
TOTAL ASSETS:4,2814,7714,4113,2522,4211,296696
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities8875421
Interest and dividends payable8875421
Debt126216181171894327
Total current liabilities:134224188221934528
Noncurrent Liabilities
Other undisclosed liabilities2,7092,6122,6141,9491,343725377
Total liabilities:2,8432,8362,8021,9721,536770405
Stockholders' equity
Stockholders' equity attributable to parent, including:1,4401,9311,6081,276884523289
Common stock1000000
Additional paid in capital1,6321,9381,6081,271907536301
Retained earnings (accumulated deficit)(192)(7) 4(23)(14)(11)
Other undisclosed stockholders' equity attributable to parent0000000
Stockholders' equity attributable to noncontrolling interest(1)315122
Total stockholders' equity:1,4381,9341,6091,281885525292
TOTAL LIABILITIES AND EQUITY:4,2814,7714,4113,2522,4211,296696

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
Revenues50247039729420010957
Revenue, net3472581718638
Operating leases, income statement, lease revenue395 
Net investment income47505036292319
Cost of revenue(10)(12)(30)(21)(16)(9)(4)
Cost of goods and services sold  (28)(21)(16)(9)(4)
Provision for loan, lease, and other losses(6)(2) 
Deferred sales inducement cost, amortization expense(4)(2)(2)(1)   
Gross profit:49245936827318410052
Operating expenses(582)(370)(327)(235)(170)(90)(44)
Other operating expense, net
(Other Expenses)
(180)(14)(7)(7)(6)(4)(2)
Other undisclosed operating income214271062823126
Operating income (loss):(57)10214059301912
Nonoperating income (expense)
(gain on Condemnation)
10     
Interest and debt expense(125)(112)(96)(68)(44)(21)(10)
Income (loss) from continuing operations before income taxes:(182)(10)44(9)(14)(2)2
Other undisclosed income from continuing operations 30384  
Income (loss) from continuing operations:(182)(7)4529(10)(2)2
Other undisclosed income (loss) before gain (loss) on sale of properties10210826(38)(4)  
Income (loss) before gain (loss) on sale of properties:(80)10070(9)(14)(2)2
Other undisclosed net income (loss)(102)(108)(26)384  
Net income (loss):(182)(7)4529(10)(2)2
Other undisclosed net income (loss) attributable to parent40(1)(1)00(0)
Net income (loss) attributable to parent:(178)(7)4328(10)(2)2
Preferred stock dividends and other adjustments(161)(114)(87)(64)   
Other undisclosed net loss available to common stockholders, basic(0)(0)(0)(0)(41)(19)(7)
Net loss available to common stockholders, diluted:(339)(121)(43)(36)(51)(21)(5)

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):(182)(7)4529(10)(2)2
Comprehensive income (loss), net of tax, attributable to parent:(182)(7)4529(10)(2)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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