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Condensed Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
REVENUES    
Rental and other property revenues $ 238,289aiv_OperatingLeasesIncomeStatementLeaseRevenueAndOtherRealEstateRevenue [1] $ 240,136aiv_OperatingLeasesIncomeStatementLeaseRevenueAndOtherRealEstateRevenue [1]
Tax credit and asset management revenues 5,976aiv_TaxCreditAndAssetManagementRevenues [2] 8,788aiv_TaxCreditAndAssetManagementRevenues [2]
Total revenues 244,265us-gaap_Revenues 248,924us-gaap_Revenues
OPERATING EXPENSES    
Property operating expenses 95,492us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment [1] 99,268us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment [1]
Investment management expenses 1,603us-gaap_AssetManagementCosts [2] 1,252us-gaap_AssetManagementCosts [2]
Depreciation and amortization 74,432us-gaap_DepreciationAndAmortization 70,307us-gaap_DepreciationAndAmortization
General and administrative expenses 10,652us-gaap_GeneralAndAdministrativeExpense [2] 10,527us-gaap_GeneralAndAdministrativeExpense [2]
Other expenses, net 1,019us-gaap_OtherCostAndExpenseOperating [2] 2,296us-gaap_OtherCostAndExpenseOperating [2]
Total operating expenses 183,198us-gaap_OperatingExpenses 183,650us-gaap_OperatingExpenses
Operating income 61,067us-gaap_OperatingIncomeLoss 65,274us-gaap_OperatingIncomeLoss
Interest income 1,725us-gaap_InvestmentIncomeInterest 1,730us-gaap_InvestmentIncomeInterest
Interest expense (53,520)us-gaap_InterestExpense (55,745)us-gaap_InterestExpense
Other, net 2,264us-gaap_OtherNonoperatingIncomeExpense (1,977)us-gaap_OtherNonoperatingIncomeExpense
Income before income taxes and gain on dispositions 11,536us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 9,282us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax benefit 6,921us-gaap_IncomeTaxExpenseBenefit 2,758us-gaap_IncomeTaxExpenseBenefit
Income from continuing operations 18,457us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest 12,040us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
Gain on dispositions of real estate, net of tax 85,693us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes 69,492us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
Net income 104,150us-gaap_ProfitLoss 81,532us-gaap_ProfitLoss
Noncontrolling interests:    
Net income attributable to noncontrolling interests in consolidated real estate partnerships (4,756)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable (11,389)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
Net income attributable to preferred noncontrolling interests in Aimco Operating Partnership (1,736)us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable (1,605)us-gaap_NoncontrollingInterestInNetIncomeLossPreferredUnitHoldersNonredeemable
Net income attributable to common noncontrolling interests in Aimco Operating Partnership (4,398)us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable (3,611)us-gaap_NoncontrollingInterestInNetIncomeLossOperatingPartnershipsNonredeemable
Net income attributable to noncontrolling interests (10,890)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest (16,605)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
Net income attributable to the company 93,260us-gaap_NetIncomeLoss 64,927us-gaap_NetIncomeLoss
Net income attributable to the company's preferred equity holders (3,522)us-gaap_PreferredStockDividendsAndOtherAdjustments (454)us-gaap_PreferredStockDividendsAndOtherAdjustments
Net income attributable to participating securities (394)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic (239)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
Net income attributable to the company's common equity holders 89,344us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic 64,234us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Earnings attributable to the company per common share/unit – basic and diluted (Note 7):    
Income from continuing operations (in dollars per share) $ 0.58us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare $ 0.44us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
Net income (in dollars per share) $ 0.58us-gaap_EarningsPerShareBasicAndDiluted $ 0.44us-gaap_EarningsPerShareBasicAndDiluted
Dividends declared per common share (in dollars per share) $ 0.28us-gaap_CommonStockDividendsPerShareDeclared $ 0.26us-gaap_CommonStockDividendsPerShareDeclared
AIMCO PROPERTIES, L.P [Member]    
REVENUES    
Rental and other property revenues 238,289aiv_OperatingLeasesIncomeStatementLeaseRevenueAndOtherRealEstateRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
240,136aiv_OperatingLeasesIncomeStatementLeaseRevenueAndOtherRealEstateRevenue
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Tax credit and asset management revenues 5,976aiv_TaxCreditAndAssetManagementRevenues
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
8,788aiv_TaxCreditAndAssetManagementRevenues
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total revenues 244,265us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
248,924us-gaap_Revenues
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
OPERATING EXPENSES    
Property operating expenses 95,492us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
99,268us-gaap_DirectCostsOfLeasedAndRentedPropertyOrEquipment
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Investment management expenses 1,603us-gaap_AssetManagementCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,252us-gaap_AssetManagementCosts
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Depreciation and amortization 74,432us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
70,307us-gaap_DepreciationAndAmortization
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
General and administrative expenses 10,652us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
10,527us-gaap_GeneralAndAdministrativeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other expenses, net 1,019us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,296us-gaap_OtherCostAndExpenseOperating
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Total operating expenses 183,198us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
183,650us-gaap_OperatingExpenses
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Operating income 61,067us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
65,274us-gaap_OperatingIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Interest income 1,725us-gaap_InvestmentIncomeInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
1,730us-gaap_InvestmentIncomeInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Interest expense (53,520)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(55,745)us-gaap_InterestExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Other, net 2,264us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(1,977)us-gaap_OtherNonoperatingIncomeExpense
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income before income taxes and gain on dispositions 11,536us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
9,282us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income tax benefit 6,921us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
2,758us-gaap_IncomeTaxExpenseBenefit
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Income from continuing operations 18,457us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
12,040us-gaap_IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Gain on dispositions of real estate, net of tax 85,693us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
69,492us-gaap_GainLossOnSaleOfPropertiesNetOfApplicableIncomeTaxes
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income 104,150us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
81,532us-gaap_ProfitLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Noncontrolling interests:    
Net income attributable to noncontrolling interests in consolidated real estate partnerships (4,756)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(11,389)us-gaap_NoncontrollingInterestInNetIncomeLossLimitedPartnershipsNonredeemable
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income attributable to noncontrolling interests (4,756)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(11,389)us-gaap_NetIncomeLossAttributableToNoncontrollingInterest
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income attributable to the company 99,394us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
70,143us-gaap_NetIncomeLoss
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income attributable to the company's preferred equity holders (5,258)us-gaap_PreferredStockDividendsAndOtherAdjustments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(2,059)us-gaap_PreferredStockDividendsAndOtherAdjustments
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income attributable to participating securities (394)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
(239)us-gaap_ParticipatingSecuritiesDistributedAndUndistributedEarningsLossBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income attributable to the company's common equity holders $ 93,742us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 67,845us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Earnings attributable to the company per common share/unit – basic and diluted (Note 7):    
Income from continuing operations (in dollars per share) $ 0.58us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.44us-gaap_IncomeLossFromContinuingOperationsPerBasicAndDilutedShare
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Net income (in dollars per share) $ 0.58us-gaap_EarningsPerShareBasicAndDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.44us-gaap_EarningsPerShareBasicAndDiluted
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
Dividends declared per common share (in dollars per share) $ 0.28us-gaap_CommonStockDividendsPerShareDeclared
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
$ 0.26us-gaap_CommonStockDividendsPerShareDeclared
/ dei_LegalEntityAxis
= us-gaap_SubsidiariesMember
[1] Proportionate property net operating income, our key measurement of segment profit or loss excludes property management revenues (which are included in rental and other property revenues), property management expenses and casualty gains and losses (which are included in property operating expenses) and depreciation and amortization. Accordingly, we do not allocate these amounts to our segments.
[2] Our basis for assessing segment performance excludes the results of apartment communities sold or classified as held for sale. In the segment presentation above, the current year and prior year operating results for apartment communities sold or classified as held for sale during 2015 or 2014 are presented within the Corporate and Amounts Not Allocated to Segments column.