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Financial Information

As Reported Financials

Document Name As Of Date Currency Code (in thousands) 2019 Q2 YTD 10-Q 6/30/2019 USD 2018 Y 10-K 12/31/2018 USD 2017 Y 10-K 12/31/2017 USD 2016 Y 10-K 12/31/2016 USD 2015 Y 10-K 12/31/2015 USD
Document Name As Of Date Currency Code 2019 Q2 YTD 10-Q 6/30/2019 USD 2018 Y 10-K 12/31/2018 USD 2017 Y 10-K 12/31/2018 USD 2016 Y 10-K 12/31/2018 USD 2015 Y 10-K 12/31/2017 USD

Revenues

Owned properties 427,575 825,959 738,710 735,392 704,909
On-campus participating properties 17,844 34,596 33,945 33,433 31,586
Third-party development services 6,778 7,281 10,761 4,606 4,964
Third-party management services 5,776 9,814 9,832 9,724 8,813
Resident services 1,529 3,160 3,199 3,206 3,109
Total revenues 459,502 880,810 796,447 786,361 753,381

Operating expenses

Owned properties 182,932 373,521 332,429 337,296 331,836
On-campus participating properties 7,763 14,602 14,384 13,447 12,437
Third-party development and management services 8,699 15,459 15,225 14,533 14,346
General and administrative 15,430 34,537 31,386 22,493 20,838
Depreciation and amortization 137,570 263,203 234,955 211,387 208,788
Ground/facility leases 6,785 11,855 10,213 9,167 8,232
Loss (gain) from disposition of real estate 282 (42,314) 632 (21,197) 52,699
Provision for real estate impairment 3,201 0 15,317 4,895 0
Other operating income 0 (2,648) 0 0 388
Total operating expenses 362,662 668,215 654,541 592,021 596,477
Operating income 96,840 212,595 141,906 194,340 156,904

Nonoperating income (expenses)

Interest income 1,895 4,834 4,945 5,481 4,421
Interest expense (54,129) (99,228) (71,122) (78,687) (87,789)
Amortization of deferred financing costs (2,350) (5,816) (4,619) (6,520) (5,550)
Loss from early extinguishment of debt 0 7,867 0 (12,841) (1,770)
Other nonoperating income NA 1,301 0 0 NA
Total nonoperating expenses (54,584) (91,042) (70,796) (92,567) (37,601)
Income before income taxes 42,256 121,553 71,110 101,773 119,303
Income tax provision (678) (2,429) (989) (1,150) (1,242)
Net income 41,578 119,124 70,121 100,623 118,061
Net loss (income) attributable to noncontrolling interests (1,552) (2,029) (1,083) (1,562) (2,070)
Net income attributable to ACC, Inc. and Subsidiaries common stockholders 40,026 117,095 69,038 99,061 115,991

Other comprehensive (loss) income

Change in fair value of interest rate swaps and other (14,387) (1,696) 1,366 1,763 464
Comprehensive income 25,639 115,399 70,404 100,824 116,455

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

Basic NA 0.84 0.50 0.76 1.03
Diluted NA 0.84 0.50 0.75 1.02
Basic and diluted 0.28 NA NA NA NA

Weighted-average common shares outstanding

Basic 137,185,576 136,815,051 135,141,423 129,228,748 111,987,361
Diluted 138,198,134 137,722,049 136,002,385 130,018,729 114,032,222
Distributions declared per common share NA 1.82 1.74 1.66 1.58
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.