AvalonBay Communities Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018 - 1994
Revenue	2,768	2,593	2,295	2,301	2,325	Upgrade
Revenue Growth (YoY)	6.73%	13.01%	-0.28%	-1.01%	1.75%	Upgrade
Cost of Revenue	988.13	919.11	853.94	823.1	768.11	Upgrade
Gross Profit	1,780	1,674	1,441	1,478	1,557	Upgrade
Selling, General & Admin	76.53	74.06	69.61	60.34	58.04	Upgrade
Other Operating Expenses	859.56	831.54	764.95	719.73	666.57	Upgrade
Operating Expenses	936.1	905.61	834.56	780.07	724.61	Upgrade
Operating Income	843.68	768.73	606.35	698.09	831.91	Upgrade
Interest Expense / Income	205.99	230.07	220.42	214.15	203.59	Upgrade
Other Expense / Income	-301.29	-612.77	-624.1	-340.45	-170.65	Upgrade
Pretax Income	938.98	1,151	1,010	824.38	798.98	Upgrade
Income Tax	10.15	14.65	5.73	-3.25	13	Upgrade
Net Income	928.83	1,137	1,004	827.63	785.97	Upgrade
Net Income Growth	-18.29%	13.19%	21.35%	5.30%	-19.35%	Upgrade
Shares Outstanding (Basic)	142	140	140	140	140	Upgrade
Shares Change	1.51%	0.11%	0.09%	-0.04%	1.04%	Upgrade
EPS (Basic)	6.56	8.13	7.19	5.89	5.64	Upgrade
EPS (Diluted)	6.56	8.12	7.19	5.89	5.63	Upgrade
EPS Growth	-19.21%	12.93%	22.07%	4.62%	-20.14%	Upgrade
Free Cash Flow	245.02	-210.81	-376.62	238.67	-291.62	Upgrade
Free Cash Flow Per Share	1.73	-1.51	-2.69	1.71	-2.09	Upgrade
Dividend Per Share	6.600	6.360	6.360	6.360	6.080	Upgrade
Dividend Growth	3.77%	0%	0%	4.61%	3.40%	Upgrade
Gross Margin	64.30%	64.56%	62.79%	64.23%	66.96%	Upgrade
Operating Margin	30.48%	29.64%	26.42%	30.33%	35.79%	Upgrade
Profit Margin	33.56%	43.83%	43.76%	35.96%	33.81%	Upgrade
Free Cash Flow Margin	8.85%	-8.13%	-16.41%	10.37%	-12.54%	Upgrade
Effective Tax Rate	1.08%	1.27%	0.57%	-0.39%	1.63%	Upgrade
EBITDA	1,962	2,196	1,989	1,746	1,664	Upgrade
EBITDA Margin	70.88%	84.69%	86.67%	75.87%	71.59%	Upgrade
Depreciation & Amortization	816.97	814.98	758.6	707.33	661.58	Upgrade
EBIT	1,145	1,381	1,230	1,039	1,003	Upgrade
EBIT Margin	41.37%	53.27%	53.62%	45.13%	43.13%	Upgrade

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).