UDR, Inc. (UDR) financial statements (2020 and earlier)

Company profile

Business Address 1745 SHEA CENTER DRIVE
HIGHLANDS RANCH, CO 80129
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 investments81852271530
Cash and cash equivalents81852271530
Restricted cash and investments     22 
Total current assets:81852273830
Noncurrent Assets
Operating lease, right-of-use asset204
Property, plant and equipment2,3892,0631,9701,9802,0071,9801,847
Long-term investments and receivables   827939718508
Long-term investments   827939718508
Intangible assets, net (including goodwill)81     9
Intangible assets, net (excluding goodwill)81     9
Total noncurrent assets:2,6752,0631,9702,8072,9462,6982,364
Other undisclosed assets6,9545,4635,7614,8704,7114,1114,414
TOTAL ASSETS:9,6367,7127,7337,6807,6646,8476,808
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Deferred tax liabilities     (1)
Total current liabilities:      (1)
Noncurrent Liabilities
Liabilities, other than long-term debt91111107254
Deferred revenue and credits1110725 
Deferred gain on sale of property911
Off-market lease, unfavorable      4
Total noncurrent liabilities:91111107254
Other undisclosed liabilities5,2193,8053,9393,6643,8103,8033,775
Total liabilities:5,2283,8163,9503,6733,8173,8283,778
Temporary equity, carrying amount1,019973948909946282218
Stockholders' equity
Stockholders' equity attributable to parent, including:3,3592,9062,8263,0932,9002,7352,812
Preferred stock     47 
Common stock3333333
Additional paid in capital5,7824,9214,6514,6354,4484,2244,110
Accumulated other comprehensive loss(10)(0)(3)(6)(13)(9)(5)
Other undisclosed stockholders' equity attributable to parent(2,416)(2,018)(1,825)(1,539)(1,538)(1,529)(1,295)
Stockholders' equity attributable to noncontrolling interest3117104111
Total stockholders' equity:3,3892,9232,8353,0972,9012,7362,813
TOTAL LIABILITIES AND EQUITY:9,6367,7127,7337,6807,6646,8476,808

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
Revenues1,1521,047984960895818759
Revenue, net996948872816770
Operating lease, lease income1,138
Operating leases, income statement, lease revenue1,035
Cost of revenue(871)(769)(317)(716)(787)(662)(504)
Cost of goods and services sold  (192)(186)(554)(530)(504)
Gross profit:281278667244108156255
Operating expenses(65)(59)(494)(69)52(29)(146)
Other undisclosed operating income513611   8
Operating income:221355184175160127117
Nonoperating income (expense)15722(0)  
Investment income, nonoperating   (0)(0)  
Other nonoperating income15722   
Interest and debt expense3233(129)(93)(137)(130)(126)
Income (loss) from continuing operations before equity method investments, income taxes:269394588422(4)(9)
Income (loss) from equity method investments138(5)315262(7)(0)
Other undisclosed income (loss) from continuing operations before income taxes(203)(167) (30)17125
Income (loss) from continuing operations before income taxes:203222891061021(5)
Income tax expense (benefit)(4)(1)0 4(26)8
Other undisclosed income (loss) from continuing operations   4 41(1)
Income from continuing operations:20022289110105162
Income from discontinued operations     044
Income before gain (loss) on sale of properties:200222891101051646
Gain on sale of properties, net of applicable income taxes5 43211   
Other undisclosed net income (loss)(5)   252144 
Net income:20022213332035716046
Net loss attributable to noncontrolling interest(0)(0)(0)(0)(0)(6)(1)
Other undisclosed net loss attributable to parent(14)(18)(11)(27)(17)  
Net income attributable to parent:18520312229334015445
Preferred stock dividends and other adjustments(4)(4)(4)(4)(4)(4)(4)
Net income available to common stockholders, basic:18119911828933715141
Dilutive securities, effect on basic earnings per share    4(1) 
Net income available to common stockholders, diluted:18119911828934014941

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:20022213332035716046
Other comprehensive income (loss)(11)337(4)(4)6
Comprehensive income:18822413632835315653
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(14)(19)(11)(28)(16)(5)2
Other undisclosed comprehensive loss, net of tax, attributable to parent      (3)
Comprehensive income, net of tax, attributable to parent:17520612430033715151

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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