AvalonBay Communities, Inc. (AVB) financial statements (2020 and earlier)

Company profile

Business Address 671 N. GLEBE ROAD
ARLINGTON, VA 22203
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)

9/30/2019
TTM
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 investments2469267215401509282
Cash and cash equivalents2469267215401509282
Deferred costs74474640386732
Disposal group, including discontinued operation 55 211742 
Total current assets:321194113276456619313
Noncurrent Assets
Finance lease, right-of-use asset22
Operating lease, right-of-use asset99
Inventory, real estate454     
Property, plant and equipment6,3936,5616,1796,3965,7275,3194,899
Long-term investments and receivables207217163175217298368
Long-term investments207217163175217298368
Total noncurrent assets:7,1756,7796,3426,5715,9445,6175,267
Other undisclosed assets11,56511,40711,96011,02110,5329,9419,749
TOTAL ASSETS:19,06018,38018,41517,86716,93116,17715,328
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8,2427,7448,0217,6887,0817,1186,711
Total liabilities:8,2427,7448,0217,6887,0817,1186,711
Temporary equity, carrying amount33681013 
Stockholders' equity
Stockholders' equity attributable to parent10,81410,63310,38810,1719,8419,0468,596
Common stock1111111
Additional paid in capital10,52910,30710,23510,10610,0699,3558,989
Accumulated other comprehensive loss(45)(26)(37)(31)(31)(43)(49)
Retained earnings (accumulated deficit)32935118995(198)(267)(345)
Stockholders' equity attributable to noncontrolling interest1     4
Total stockholders' equity:10,81510,63310,38810,1719,8419,0468,600
Other undisclosed liabilities and equity      17
TOTAL LIABILITIES AND EQUITY:19,06018,38018,41517,86716,93116,17715,328

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2,3102,2852,1592,0451,8561,6851,463
Revenue, net2,1592,0451,8561,68512
Operating lease, lease income1,163
Operating leases, income statement, lease revenue1,1432,281
Cost of revenue
(Cost of Goods and Services Sold)
(266) (6)(5)(4)(415)(356)
Gross profit:2,0432,2852,1532,0401,8521,2701,107
Operating expenses(1,706)(1,701)(1,594)(1,461)(1,308)(1,251)(1,394)
Other undisclosed operating income     1,1151,285
Operating income:3385835585795441,134997
Nonoperating income (expense)(3)    333 
Investment income, nonoperating     333 
Other nonoperating expense(3)      
Interest and debt expense(220)(238)(25)(7)(149)(181)(187)
Income from continuing operations before equity method investments, income taxes:1153455335723951,286810
Income (loss) from equity method investments315716570149(11)
Other undisclosed income (loss) from continuing operations before income taxes897614273397279(767) 
Income from continuing operations before income taxes:1,0159748771,034744669799
Income tax expense (benefit)(11)0(0)(0)(2)(9) 
Other undisclosed loss from continuing operations      (741)
Income from continuing operations:1,0049748771,03474265958
Income from discontinued operations     38295
Other undisclosed income (loss) before gain (loss) on sale of properties145 (312)(450)   
Income before gain (loss) on sale of properties:1,149974564584742697353
Other undisclosed net income (loss)(145) 312450   
Net income:1,0049748771,034742697353
Net income (loss) attributable to noncontrolling interest(0)0000(14)0
Net income attributable to parent:1,0049758771,034742684353
Undistributed earnings (loss) allocated to participating securities, basic(3)(3)(2)
Other undisclosed net income available to common stockholders, basic332    
Net income available to common stockholders, basic:1,0049758771,034742684353
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:1,0049758771,034742684353

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:1,0049748771,034742697353
Comprehensive income:1,0049748771,034742697353
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)0000(14)(0)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(24)11(7)111660
Comprehensive income, net of tax, attributable to parent:9809868701,035753690413

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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