AvalonBay Communities, Inc. (AVB) Financial Statements (2023 and Earlier)

Company Profile

Business Address 4040 WILSON BOULEVARD
ARLINGTON, VA 22203
State of Incorp. MD
Fiscal Year End December 31
Industry (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 investments420217409267215401
Cash and cash equivalents420217409267215401
Deferred costs40557047464038
Disposal group, including discontinued operation17  55 2117
Total current assets:478272110194113276456
Noncurrent Assets
Finance lease, right-of-use asset282222
Operating lease, right-of-use asset118134103
Inventory, real estate147267458    
Property, plant and equipment6,4086,3096,4326,5616,1796,3965,727
Long-term investments and receivables216203166217163175217
Long-term investments216203166217163175217
Total noncurrent assets:6,9186,9347,1816,7796,3426,5715,944
Other undisclosed assets12,50611,99311,83011,40711,96011,02110,532
TOTAL ASSETS:19,90219,19919,12118,38018,41517,86716,931
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8,9668,4448,1287,7448,0217,6887,081
Total liabilities:8,9668,4448,1287,7448,0217,6887,081
Temporary equity, carrying amount33336810
Stockholders' equity
Stockholders' equity attributable to parent10,93310,75210,99010,63310,38810,1719,841
Common stock1111111
Additional paid in capital10,71610,66410,73710,30710,23510,10610,069
Accumulated other comprehensive loss(26)(40)(32)(26)(37)(31)(31)
Retained earnings (accumulated deficit)24112628335118995(198)
Stockholders' equity attributable to noncontrolling interest111    
Total stockholders' equity:10,93310,75210,99010,63310,38810,1719,841
TOTAL LIABILITIES AND EQUITY:19,90219,19919,12118,38018,41517,86716,931

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
Revenues2,2952,3012,3252,2852,1592,0451,856
Revenue, net2,1592,0451,856
Operating lease, lease income2,2922,2972,320
Operating leases, income statement, lease revenue2,281
Cost of revenue(1,800)(1,694)(515) (6)(5)(4)
Cost of goods and services sold(571)(550)(515) (6)(5)(4)
Gross profit:4956071,8092,2852,1532,0401,852
Operating expenses(127)(132)(1,697)(1,701)(1,594)(1,461)(1,308)
Operating income:368475113583558579544
Nonoperating expense
(Other Nonoperating expense)
(3)(12)(5)    
Interest and debt expense(238)(223)(204)(238)(25)(7)(149)
Income (loss) from continuing operations before equity method investments, income taxes:127239(97)345533572395
Income from equity method investments396915716570
Other undisclosed income from continuing operations before income taxes845579887614273397279
Income from continuing operations before income taxes:1,0108247999748771,034744
Income tax expense (benefit)(6)3(13)0(0)(0)(2)
Income from continuing operations:1,0048287869748771,034742
Other undisclosed loss before gain (loss) on sale of properties    (312)(450) 
Income before gain (loss) on sale of properties:1,004828786974564584742
Other undisclosed net income    312450 
Net income:1,0048287869748771,034742
Net income (loss) attributable to noncontrolling interest(0)(0)(0)0000
Net income attributable to parent:1,0048287869758771,034742
Undistributed earnings (loss) allocated to participating securities, basic   (3)(2)
Other undisclosed net income available to common stockholders, basic   32  
Net income available to common stockholders, basic:1,0048287869758771,034742
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:1,0048287869758771,034742

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:1,0048287869748771,034742
Comprehensive income:1,0048287869748771,034742
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(0)0000
Other undisclosed comprehensive income (loss), net of tax, attributable to parent14(9)(5)11(7)111
Comprehensive income, net of tax, attributable to parent:1,0188197819868701,035753

Statements Sources

The financial statements are based on the Company's filings with 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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