Mid-America Apartment Communities Revenue, Profits - MAA Annual Income Statement

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$97.9 $1.62 (1.63%) MAA stock closing price Jul 20, 2018 (Closing)

Looking at financial statements, along with the Mid-America Apartment Communities stock price, it's management, its economic moat, and industry competitors forms an important part of fundamental analysis. In the income statement, an investor can look at important parameters like revenue or sales, gross profits, net profits, and EPS basic to gain deeper insights. When compared with the corresponding income statement from the past, the latest income statement shows how revenue has grown from 1.13B to 1.53B and how operating and non operating activities have impacted the MAA stock. Along with Mid-America Apartment Communities assets and Mid-America Apartment Communities free cash flow, Mid-America Apartment Communities profits as shown in profit and loss statement give key insights about the business. The net profit for 2017 is $328.37M and the 2017 revenue is $1.53B.

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Quarterly
Annual
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Fiscal year is Jan - Dec2017201620152014201320122011201020092008
Mid-America Apartment Communities Revenues or Net Sales
1.53B1.13B1.04B989.29M634.73M497.16M448.99M402.22M378.54M369.85M
Cost Of Goods Sold (COGS)620.31M427.73M403.35M361.01M237.96M190.54M179.55M164.97M156.46M153.33M
Mid-America Apartment Communities Gross Profit
908.66M697.61M639.42M628.28M396.76M306.61M269.44M237.25M222.07M216.51M
Research & Development Expense----------
Selling General & Admin Expense60.18M102.5M56.76M95.1M60.49M50.2M50.78M40.03M31.77M30.45M
Income Before Depreciation Depletion Amortization848.48M595.1M582.65M533.18M336.27M256.41M218.65M197.22M190.29M186.06M
Depreciation Depletion Amortization493.7M322.95M294.52M301.81M186.97M126.13M115.6M104.06M96.01M90.16M
Non Operating Income141.76M83.65M186.63M33.2M-35.54M-3.96M-6.7M-6.28M-3.84M-4.83M
Interest Expense154.75M129.94M122.34M119.46M75.91M58.75M58.61M55.99M57.09M62.01M
Mid-America Apartment Communities Pretax Income
341.78M225.86M352.42M145.1M37.83M67.56M37.73M30.87M33.33M29.05M
Provision for Income Taxes2.61M1.69M1.67M2.05M------
MinorityInterest12.15M12.18M18.45M8.29M3.99M4.6M2.41M1.11M2.01M-
Investment Gains Losses1.37M--6M------
Other Income----------
Income Before Extraordinaries & Disc Operations340.53M224.4M350.74M149.06M37.27M67.56M37.73M30.87M33.33M29.05M
Extraordinary Items & Discontinued Operations---7.2M82M42.26M13.49M-5.88M1.19M
Mid-America Apartment Communities Profit/ Loss (Net Income)
328.37M212.22M332.28M147.98M115.28M105.22M48.82M29.76M37.21M30.24M
Average Shares used to compute Diluted EPS113.69M78.8M75.18M74.98M53.12M42.94M39.09M31.98M28.35M27.05M
Average Shares used to compute Basic EPS113.41M78.5M75.18M74.98M53.12M41.04M39.09M31.98M28.35M27.05M
Income Before Nonrecurring Items328.38M239.15M332.29M140.77M33.28M62.96M35.32M36.83M31.33M29.06M
Income from Nonrecurring Items--26.92M------7.06M--
Mid-America Apartment Communities Earnings Per Share Basic Net
2.862.704.411.972.252.561.310.560.850.64
Mid-America Apartment Communities Earnings Per Share Diluted Net
2.862.694.411.972.252.561.310.560.850.64
EPS Diluted Before Nonrecurring Items2.863.014.411.880.711.580.970.760.640.60
Preferred Dividends Acc Pd----------
Dividends Common----------
Dividend Per Share Common3.483.283.082.922.782.642.512.462.462.46
All figures in USD. M: Millions of USD, B: Billions of USD.
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The key things to look for in an income statement while doing Mid-America Apartment Communities stock analysis are:

  • Top line: The word topline comes from the fact that the first line of an income statement refers to sales numbers. If you check you will find that MAA stock has a topline or revenue of $1.53B for 2017 as per this Mid-America Apartment Communities revenue chart. Investors look for stocks with a growing top line.
  • Bottom line: The word bottom line comes because it is usually the last line of the income statement and refers to the actual profits after deducting all expenses from the revenues. MAA stock had a healthy bottom line growth.

The income statement is also called statement of revenue and expense. The MAA financials along with Mid-America Apartment Communities historical stock prices provide a lot of details about the firm.

Mid-America Apartment Communities Income Statement - Key Financial Ratios

PE Ratio (price earnings ratio)
33.53
PS Ratio (price sales ratio)
7.23
Operating Margin
24.4
Net Profit Margin
12.5
Dividend Yield
3.61%