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Financial Information

As Reported Financials

Source Document Currency Code (in thousands) 2018 Q2 YTD 6/30/2018 USD 2017 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2017 USD 2014 Y 12/31/2016 USD
Source Document Currency Code 2018 Q2 YTD 6/30/2018 USD 2017 Y 12/31/2017 USD 2016 Y 12/31/2017 USD 2015 Y 12/31/2017 USD 2014 Y 12/31/2016 USD

Revenues

Owned properties 395,020 738,710 735,392 704,909 690,582
On-campus participating properties 16,625 33,945 33,433 31,586 28,534
Third-party development services 3,048 10,761 4,606 4,964 4,018
Third-party management services 5,183 9,832 9,724 8,813 7,669
Resident services 1,592 3,199 3,206 3,109 3,112
Total revenues 421,468 796,447 786,361 753,381 733,915

Operating expenses (income)

Owned properties 174,196 332,429 337,296 331,836 329,615
On-campus participating properties 7,155 14,384 13,447 12,437 11,290
Third-party development and management services 7,742 15,225 14,533 14,346 12,008
General and administrative 19,872 31,386 22,493 20,838 18,681
Depreciation and amortization 128,316 234,955 211,387 208,788 197,495
Ground/facility leases 5,575 10,213 9,167 8,232 7,397
Provision for real estate impairment 0 15,317 4,895 0 2,443
Other operating income (2,648) 0 0 388 186
Total operating expenses 340,208 653,909 613,218 596,477 578,929
Operating income 81,260 142,538 173,143 156,904 154,986

Nonoperating income (expenses)

Interest income 2,466 4,945 5,481 4,421 4,168
Interest expense (47,022) (71,122) (78,687) (87,789) (90,362)
Amortization of deferred financing costs (3,628) (4,619) (6,520) (5,550) (5,918)
Gain (loss) from disposition of real estate 42,314 (632) 21,197 52,699 (368)
Loss from early extinguishment of debt (784) 0 (12,841) (1,770) 0
Total nonoperating income (expenses) (6,654) (71,428) (71,370) (37,601) (92,294)
Income (loss) before income taxes 74,606 71,110 101,773 119,303 62,692
Income tax provision (2,366) (989) (1,150) (1,242) (1,308)
Income from continuing operations NA NA NA NA 61,384

Discontinued operations

Loss attributable to discontinued operations NA NA NA NA (123)
Gain from disposition of real estate NA NA NA NA 2,843
Total discontinued operations NA NA NA NA 2,720
Net income (loss) 72,240 70,121 100,623 118,061 64,104

Net loss (income) attributable to noncontrolling interests

Redeemable noncontrolling interests NA NA NA NA (913)
Partially owned properties NA NA NA NA (352)
Net loss (income) attributable to noncontrolling interests (304) (1,083) (1,562) (2,070) (1,265)
Net income (loss) attributable to ACC, Inc. and Subsidiaries common stockholders 71,936 69,038 99,061 115,991 62,839

Other comprehensive income

Change in fair value of interest rate swaps and other 645 1,366 1,763 464 (4,859)
Comprehensive income (loss) 72,581 70,404 100,824 116,455 57,980

Income per share attributable to ACC, Inc. and Subsidiaries common stockholders - basic

Income from continuing operations per share NA NA NA NA 0.56

Net income per share attributable to ACC, Inc. and Subsidiaries common stockholders

Basic NA 0.50 0.76 1.03 0.59
Diluted NA 0.50 0.75 1.02 0.58

Income per share attributable to ACC, Inc. and Subsidiaries common stockholders - diluted

Income from continuing operations per share NA NA NA NA 0.56

Net income (loss) per share attributable to ACC, Inc. and Subsidiaries common stockholders

Basic and diluted 0.52 NA NA NA NA

Weighted-average common shares outstanding

Basic 136,599,816 135,141,423 129,228,748 111,987,361 105,032,155
Diluted 137,536,368 136,002,385 130,018,729 114,032,222 105,711,420
Distributions declared per common share 0.90 1.74 1.66 1.58 1.50
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.