Mid-America Apartment Communities (MAA) FY2022 results: revenue $2.0 billion, up 13.6% on the year
Mid-America Apartment Communities, Inc. (MAA) reported revenue of $2.0 billion for fiscal 2022, the year ended 31 December 2022, up 13.6% on the year before. Net income was $637 million, up 19.4%, and diluted earnings per share $5.48. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2023.
Revenue
$2.0 billion
+13.6% on the year
FY2011FY2022
Operating margin
n/a
FY2011FY2022
Net income
$637 million
+19.4% on the year
FY2011FY2022
Diluted EPS
$5.48
+18.9% on the year
FY2011FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
1,058
895
824
+18.3%
Capital expenditure
296
280
226
+5.9%
Free cash flow
762
615
598
+23.9%
Free cash flow margin
37.7%
34.6%
35.7%
Cash from investing
-405
-254
-485
Cash from financing
-723
-546
-374
Depreciation and amortisation
544
534
512
+1.8%
Share-based compensation
18.8
16.7
14.3
+12.8%
Dividends paid
540
470
457
+14.7%
Dividend per share
$4.99
$4.16
$4.03
+19.8%
Diluted shares, weighted
116m
115m
114m
+0.5%
Shares outstanding at period end
115m
115m
114m
+0.1%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
6,005
5,965
5,872
+0.7%
Non-controlling interest
185
189
217
-2.2%
Redeemable equity
20.7
30.2
15.4
-31.5%
Debt
4,415
4,517
4,563
-2.3%
Other liabilities
616
584
528
+5.4%
Total liabilities and equity
11,241
11,285
11,195
-0.4%
Cash and equivalents
38.7
54.3
25.2
-28.8%
Other assets
11,203
11,231
11,170
-0.3%
Total assets
11,241
11,285
11,195
-0.4%
10-K for the year ended 31 December 2022, filed 14 February 2023: the filing.