Mid-America Apartment Communities (MAA) FY2021 results: revenue $1.8 billion, up 6.0% on the year
Mid-America Apartment Communities, Inc. (MAA) reported revenue of $1.8 billion for fiscal 2021, the year ended 31 December 2021, up 6.0% on the year before. Net income was $534 million, up 109.4%, and diluted earnings per share $4.61. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.8 billion
+6.0% on the year
FY2010FY2021
Operating margin
n/a
FY2010FY2021
Net income
$534 million
+109.4% on the year
FY2010FY2021
Diluted EPS
$4.61
+110.5% on the year
FY2010FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
895
824
781
+8.6%
Capital expenditure
280
226
190
+24.0%
Free cash flow
615
598
591
+2.8%
Free cash flow margin
34.6%
35.7%
36.0%
Cash from investing
-254
-485
-238
Cash from financing
-546
-374
-524
Depreciation and amortisation
534
512
498
+4.4%
Share-based compensation
16.7
14.3
13.7
+16.3%
Dividends paid
470
457
438
+2.9%
Dividend per share
$4.16
$4.03
$3.88
+3.4%
Diluted shares, weighted
115m
114m
114m
+0.5%
Shares outstanding at period end
115m
114m
114m
+0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,965
5,872
6,069
+1.6%
Non-controlling interest
189
217
221
-12.9%
Redeemable equity
30.2
15.4
14.1
+96.0%
Debt
4,517
4,563
4,455
-1.0%
Other liabilities
584
528
472
+10.6%
Total liabilities and equity
11,285
11,195
11,230
+0.8%
Cash and equivalents
54.3
25.2
20.5
+115.5%
Other assets
11,231
11,170
11,210
+0.5%
Total assets
11,285
11,195
11,230
+0.8%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.