American Homes 4 Rent Financials

$246.8 M

Revenue Q3, 2017

$5.7 B

Mkt cap, 16-Feb-2018
Net income (Q3, 2017)19.1 M
Cash, 30-Sep-2017243.5 M

Market Value

Revenue/Financials

Income Statement

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

139 m398.9 m630.6 m878.9 m

Revenue growth, %

187%58%39%

EBIT

(20.1 m)(138 k)591 k

EBIT margin, %

(14%)(0%)0%

Interest expense

19.9 m89.4 m130.8 m

Net Income

(19.1 m)(33.1 m)(47.9 m)10.4 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Revenue

49.5 m77.3 m94.3 m110.4 m131.7 m153.6 m172.6 m195.2 m221 m236.1 m233.8 m237 m246.8 m

Operating expense total

52.9 m81 m92.6 m125 m142 m164.7 m189 m201.3 m224.6 m232 m218.6 m216.2 m238 m

Interest expense

1.5 m3.9 m5.1 m15.7 m22 m23.9 m31 m35.5 m32.9 m31.9 m28.4 m26.6 m

Net Income

(3.9 m)(6.9 m)(3.4 m)(12.8 m)(8.3 m)(8.4 m)(19.9 m)5 m(3.8 m)(167 k)11.8 m15.1 m19.1 m

Balance Sheet

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Cash

149 m108.8 m57.7 m118.8 m

Goodwill

120.7 m120.7 m120.7 m120.3 m

Total Assets

4.2 b6.2 b6.8 b8.1 b

Accounts Payable

103.4 m149.7 m154.8 m177.2 m

Total Liabilities

3.2 b

Additional Paid-in Capital

3 b3.6 b3.6 b4.6 b

Retained Earnings

(63.5 m)(170.2 m)(296.9 m)(378.6 m)

Total Equity

3.7 b4.2 b3.9 b4.9 b

Financial Leverage

1.2 x1.5 x1.7 x1.6 x

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017

Cash

158.1 m103.2 m239.1 m103.9 m115.7 m90.7 m238.4 m71.4 m270.4 m106.3 m495.8 m67.3 m243.5 m

Goodwill

120.7 m120.7 m120.7 m120.7 m120.7 m120.7 m120.7 m120.7 m120.7 m120.3 m120.3 m120.3 m120.3 m

Total Assets

3.9 b4.5 b5 b5.5 b6.6 b6.7 b7 b8.1 b8.3 b8.1 b8.5 b8.1 b8.5 b

Accounts Payable

91.6 m112.6 m117.5 m135.8 m141.4 m158 m234.7 m200.9 m215.3 m241.1 m199.7 m223 m263.7 m

Total Liabilities

396 m889.9 m1.2 b1.3 b2.4 b2.6 b3 b3.7 b3.4 b3.2 b3.2 b2.7 b2.7 b

Additional Paid-in Capital

2.8 b3 b3.2 b3.6 b3.6 b3.6 b3.6 b4 b4.5 b4.5 b4.9 b5.1 b5.5 b

Retained Earnings

(39.7 m)(86.4 m)(108 m)(140.3 m)(198.5 m)(226.8 m)(266 m)(313.4 m)(335.7 m)(368.8 m)(392.3 m)(405.4 m)(417.6 m)

Total Equity

3.5 b3.6 b3.8 b4.2 b4.1 b4.1 b4 b4.4 b4.9 b4.9 b5.3 b5.4 b5.8 b

Financial Leverage

1.1 x1.2 x1.3 x1.3 x1.6 x1.6 x1.7 x1.8 x1.7 x1.7 x1.6 x1.5 x1.5 x

Cash Flow

Annual

USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

(19.1 m)(33.1 m)(47.9 m)10.4 m

Depreciation and Amortization

71 m165.5 m242.8 m298.7 m

Accounts Payable

40 m18.5 m5.6 m(13.3 m)

Cash From Operating Activities

16.2 m160.5 m201.4 m278.9 m

Cash From Investing Activities

(2.4 b)(1.9 b)(884.9 m)(522.4 m)

Long-term Borrowings

(951 m)

Cash From Financing Activities

2.1 b1.7 b632.5 m324.8 m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Net Income

(3.9 m)(6.9 m)(3.4 m)(12.8 m)(8.3 m)(16.7 m)(36.6 m)5 m(3.8 m)(167 k)11.8 m

Depreciation and Amortization

24 m35.1 m38.3 m44.9 m53.7 m112.9 m180.7 m69.5 m79.6 m75.4 m74 m

Accounts Payable

117.5 m135.8 m141.4 m6.3 m27.2 m(4 m)215.3 m241.1 m22.1 m

Cash From Operating Activities

103.8 m155.9 m55.4 m110 m

Cash From Investing Activities

(577.5 m)(743.9 m)(376.3 m)(70 m)

Cash From Financing Activities

455.6 m717.6 m334.7 m340.6 m

Ratios

USDY, 2017

Revenue/Employee

259 k

Financial Leverage

1.5 x