$6 B

AMH Mkt cap, 15-Oct-2018

$522.5 M

American Homes 4 Rent Revenue Q2, 2018
American Homes 4 Rent Net income (Q2, 2018)47.4 M
American Homes 4 Rent Cash, 30-Jun-201853.5 M

American Homes 4 Rent Income Statement

Annual

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

Revenue

139.0m398.9m630.6m878.9m

Revenue growth, %

187%58%39%

EBIT

(20.1m)(138.0k)591.0k

EBIT margin, %

(14%)0%0%

Interest expense

19.9m89.4m130.8m

Net Income

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

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018

Revenue

49.5m77.3m94.3m110.4m131.7m153.6m172.6m195.2m221.0m236.1m233.8m237.0m246.8m258.0m522.5m

General and administrative expense

9.2m18.9m

Operating expense total

52.9m81.0m92.6m125.0m142.0m164.7m189.0m201.3m224.6m232.0m218.6m216.2m238.0m239.9m480.3m

Depreciation and amortization

79.3m157.6m

Interest expense

1.5m3.9m5.1m15.7m22.0m23.9m31.0m35.5m32.9m31.9m28.4m26.6m29.3m61.3m

Net Income

(3.9m)(6.9m)(3.4m)(12.8m)(8.3m)(8.4m)(19.9m)5.0m(3.8m)(167.0k)11.8m15.1m19.1m21.5m47.4m

American Homes 4 Rent Balance Sheet

Annual

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

Cash

149.0m108.8m57.7m118.8m

Goodwill

120.7m120.7m120.7m120.3m

Total Assets

4.2b6.2b6.8b8.1b

Accounts Payable

103.4m149.7m154.8m177.2m

Total Liabilities

3.2b

Additional Paid-in Capital

3.0b3.6b3.6b4.6b

Retained Earnings

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

Total Equity

3.7b4.2b3.9b4.9b

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, 2017Q1, 2018Q2, 2018

Cash

158.1m103.2m239.1m103.9m115.7m90.7m238.4m71.4m270.4m106.3m495.8m67.3m243.5m203.9m53.5m

Goodwill

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

Total Assets

3.9b4.5b5.0b5.5b6.6b6.7b7.0b8.1b8.3b8.1b8.5b8.1b8.5b9.0b8.8b

Accounts Payable

91.6m112.6m117.5m135.8m141.4m158.0m234.7m200.9m215.3m241.1m199.7m223.0m263.7m262.3m282.7m

Total Liabilities

396.0m889.9m1.2b1.3b2.4b2.6b3.0b3.7b3.4b3.2b3.2b2.7b2.7b3.1b3.0b

Additional Paid-in Capital

2.8b3.0b3.2b3.6b3.6b3.6b3.6b4.0b4.5b4.5b4.9b5.1b5.5b5.6b5.6b

Retained Earnings

(39.7m)(86.4m)(108.0m)(140.3m)(198.5m)(226.8m)(266.0m)(313.4m)(335.7m)(368.8m)(392.3m)(405.4m)(417.6m)(462.5m)(494.3m)

Total Equity

3.5b3.6b3.8b4.2b4.1b4.1b4.0b4.4b4.9b4.9b5.3b5.4b5.8b5.8b5.9b

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 x1.5 x1.5 x

American Homes 4 Rent Cash Flow

Annual

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

Net Income

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

Depreciation and Amortization

71.0m165.5m242.8m298.7m

Accounts Payable

40.0m18.5m5.6m(13.3m)

Cash From Operating Activities

16.2m160.5m201.4m278.9m

Cash From Investing Activities

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

Long-term Borrowings

(951.0m)

Cash From Financing Activities

2.1b1.7b632.5m324.8m

Quarterly

USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q1, 2018Q2, 2018

Net Income

(3.9m)(6.9m)(3.4m)(12.8m)(8.3m)(16.7m)(36.6m)5.0m(3.8m)(167.0k)11.8m21.5m47.4m

Depreciation and Amortization

24.0m35.1m38.3m44.9m53.7m112.9m180.7m69.5m79.6m75.4m74.0m79.3m157.6m

Accounts Payable

117.5m135.8m141.4m6.3m27.2m(4.0m)215.3m241.1m22.1m29.2m61.1m

Cash From Operating Activities

103.8m155.9m55.4m110.0m112.5m250.0m

Cash From Investing Activities

(577.5m)(743.9m)(376.3m)(70.0m)(221.6m)(325.6m)

Cash From Financing Activities

455.6m717.6m334.7m340.6m286.5m105.4m

American Homes 4 Rent Ratios

USDY, 2018

Financial Leverage

1.5 x
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