AVB — AvalonBay Communities Income Statement

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Annual income statement for AvalonBay Communities, fiscal year end - December 31st, USD millions except per share, conversion factor applied.

	2019 December 31st	2020 December 31st	2021 December 31st	2022 December 31st	2023 December 31st
Period Length:	12 M	12 M	12 M	12 M	12 M
Source:	10-K	10-K	10-K	10-K	10-K
Standards:	USG	USG	USG	USG	USG
Status:	Final	Final	Final	Final	Final
Revenue
Total Revenue	2,325	2,301	2,295	2,593	2,768
Cost of Revenue
Gross Profit	1,557	1,478	1,441	1,674	1,780
Selling / General / Administrative Expenses
Depreciation and Amortization
Unusual Expense / Income
Other Operating Expenses
Total Operating Expenses	1,697	1,827	1,927	2,056	2,130
Operating Profit	628	475	368	537	638
Gain / Loss on Sale of Assets
Total Net Non Operating Interest Income / Expense
Net Income Before Taxes	799	824	1,010	1,151	939
Provision for Income Taxes
Net Income After Taxes	786	828	1,004	1,136	928
Minority Interest
Net Income Before Extraordinary Items
Net Income	786	828	1,004	1,137	929
Adjustments to Net Income
Income Available to Common Shareholders Excluding Extraordinary Items
Income Available to Common Shareholders Including Extraordinary Items
Dilution Adjustment
Diluted Net Income	784	826	1,002	1,135	929
Diluted Weighted Average Shares
Basic EPS Including Extraordinary Items
Diluted EPS Including Extraordinary Items
Diluted EPS Excluding Extraordinary Items
Normalised Income Before Taxes
Normalised Income After Taxes
Normalised Income Available to Common Shareholders
Diluted Normalised EPS	4.48	4.44	3.09	4.39	4.89
Dividends per Share