AvalonBay Communities, Inc. (AVB) financial statements (2021 and earlier)

Company profile

Business Address 4040 WILSON BOULEVARD
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)

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 investments217409267215401509
Cash and cash equivalents217409267215401509
Deferred costs55704746403867
Disposal group, including discontinued operation  55 211742
Total current assets:272110194113276456619
Noncurrent Assets
Finance lease, right-of-use asset2222
Operating lease, right-of-use asset134103
Inventory, real estate267458     
Property, plant and equipment6,3096,4326,5616,1796,3965,7275,319
Long-term investments and receivables203166217163175217298
Long-term investments203166217163175217298
Total noncurrent assets:6,9347,1816,7796,3426,5715,9445,617
Other undisclosed assets11,99311,83011,40711,96011,02110,5329,941
TOTAL ASSETS:19,19919,12118,38018,41517,86716,93116,177
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities8,4448,1287,7448,0217,6887,0817,118
Total liabilities:8,4448,1287,7448,0217,6887,0817,118
Temporary equity, carrying amount333681013
Stockholders' equity
Stockholders' equity attributable to parent10,75210,99010,63310,38810,1719,8419,046
Common stock1111111
Additional paid in capital10,66410,73710,30710,23510,10610,0699,355
Accumulated other comprehensive loss(40)(32)(26)(37)(31)(31)(43)
Retained earnings (accumulated deficit)12628335118995(198)(267)
Stockholders' equity attributable to noncontrolling interest11     
Total stockholders' equity:10,75210,99010,63310,38810,1719,8419,046
TOTAL LIABILITIES AND EQUITY:19,19919,12118,38018,41517,86716,93116,177

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
Revenues2,3012,3252,2852,1592,0451,8561,685
Revenue, net2,1592,0451,8561,685
Operating lease, lease income2,2972,320
Operating leases, income statement, lease revenue2,281
Cost of revenue(1,694)(515) (6)(5)(4)(415)
Cost of goods and services sold(550)(515) (6)(5)(4)(415)
Gross profit:6071,8092,2852,1532,0401,8521,270
Operating expenses(132)(1,697)(1,701)(1,594)(1,461)(1,308)(1,251)
Other undisclosed operating income      1,115
Operating income:4751135835585795441,134
Nonoperating income (expense)(12)(5)    333
Investment income, nonoperating      333
Other nonoperating expense(12)(5)     
Interest and debt expense(223)(204)(238)(25)(7)(149)(181)
Income (loss) from continuing operations before equity method investments, income taxes:239(97)3455335723951,286
Income from equity method investments6915716570149
Other undisclosed income (loss) from continuing operations before income taxes579887614273397279(767)
Income from continuing operations before income taxes:8247999748771,034744669
Income tax expense (benefit)3(13)0(0)(0)(2)(9)
Income from continuing operations:8287869748771,034742659
Income from discontinued operations      38
Other undisclosed loss before gain (loss) on sale of properties   (312)(450)  
Income before gain (loss) on sale of properties:828786974564584742697
Other undisclosed net income   312450  
Net income:8287869748771,034742697
Net income (loss) attributable to noncontrolling interest(0)(0)0000(14)
Net income attributable to parent:8287869758771,034742684
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:8287869758771,034742684
Other undisclosed net income available to common stockholders, diluted0000000
Net income available to common stockholders, diluted:8287869758771,034742684

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:8287869748771,034742697
Comprehensive income:8287869748771,034742697
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)0000(14)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(9)(5)11(7)1116
Comprehensive income, net of tax, attributable to parent:8197819868701,035753690

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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