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Financial Information

As Reported Financials

Source Document Currency Code (in thousands) 2017 Q2 YTD 6/30/2017 USD 2016 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2016 USD 2013 Y 12/31/2015 USD
Source Document Currency Code 2017 Q2 YTD 6/30/2017 USD 2016 Y 12/31/2016 USD 2015 Y 12/31/2016 USD 2014 Y 12/31/2016 USD 2013 Y 12/31/2015 USD

Revenues

Wholly-owned properties 347,987 735,392 704,909 690,582 618,503
On-campus participating properties 16,329 33,433 31,586 28,534 26,348
Third-party development services 1,131 4,606 4,964 4,018 2,483
Third-party management services 4,902 9,724 8,813 7,669 7,514
Resident services 1,597 3,206 3,109 3,112 2,614
Total revenues 371,946 786,361 753,381 733,915 657,462

Operating expenses

Wholly-owned properties 150,129 337,296 331,836 329,615 296,794
On-campus participating properties 7,157 13,447 12,437 11,290 11,049
Third-party development and management services 7,910 14,533 14,346 12,008 10,935
General and administrative 16,516 22,493 20,838 18,681 16,541
Depreciation and amortization 108,266 211,387 208,788 197,495 184,988
Ground/facility leases 4,822 9,167 8,232 7,397 5,402
Provision for real estate impairment 15,317 4,895 0 2,443 0
Total operating expenses 310,117 613,218 596,477 578,929 525,709
Operating income 61,829 173,143 156,904 154,986 131,753

Nonoperating income and (expenses)

Interest income 2,464 5,481 4,421 4,168 3,005
Interest expense (29,290) (78,687) (87,789) (90,362) (78,028)
Amortization of deferred financing costs (2,051) (6,520) (5,550) (5,918) (5,608)
(Loss) gain from disposition of real estate (632) 21,197 52,699 (368) 0
Loss from early extinguishment of debt NA (12,841) (1,770) 0 0
Other nonoperating income NA 0 388 186 (2,666)
Total nonoperating expense (29,509) (71,370) (37,601) (92,294) (83,297)
(Loss) income before income taxes 32,320 101,773 119,303 62,692 48,456
Income tax provision (524) (1,150) (1,242) (1,308) (1,020)
Income from continuing operations NA 100,623 118,061 61,384 47,436

Discontinued operations

Loss attributable to discontinued operations NA 0 0 (123) 4,824
Loss from early extinguishment of debt NA NA NA NA (332)
Gain from disposition of real estate NA 0 0 2,843 55,263
Total discontinued operations NA 0 0 2,720 59,755
Net (loss) income 31,796 100,623 118,061 64,104 107,191

Net income attributable to noncontrolling interests

Redeemable noncontrolling interests (306) (1,106) (1,458) (913) (1,359)
Partially owned properties (202) (456) (612) (352) (1,188)
Net income attributable to noncontrolling interests (508) (1,562) (2,070) (1,265) (2,547)
Net (loss) income attributable to ACC, Inc. and Subsidiaries common stockholders 31,288 99,061 115,991 62,839 104,644

Other comprehensive income (loss)

Change in fair value of interest rate swaps and other 639 1,763 464 (4,859) 5,226
Comprehensive (loss) income 31,927 100,824 116,455 57,980 109,870

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

Income from continuing operations per share NA 0.76 1.03 0.56 0.43

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

Basic NA 0.76 1.03 0.59 0.99
Diluted NA 0.75 1.02 0.58 0.98

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

Income from continuing operations per share NA 0.75 1.02 0.56 0.42

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

Basic and diluted 0.23 NA NA NA NA

Weighted-average common shares outstanding

Basic 133,837,748 129,228,748 111,987,361 105,032,155 104,760,502
Diluted 134,745,192 130,018,729 114,032,222 105,711,420 105,382,320
Distributions declared per common share 0.86 1.66 1.58 1.50 1.42
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.