ACC · American Campus Communities Inc - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Revenue | $942.41M | $870.58M | $943.04M | $880.81M | $796.45M | $786.36M |
| Cost of Revenue | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - |
| SG&A | $45.45M | $36.87M | $31.08M | $34.54M | $31.39M | $22.49M |
| Total Operating Expenses | $785.85M | $683.24M | $763.15M | $668.22M | $653.91M | $613.22M |
| D&A | $275.60M | $267.70M | $275.05M | $263.20M | $234.96M | $211.39M |
| Operating Income | $156.56M | $187.34M | $179.89M | $212.59M | $142.54M | $173.14M |
| Interest Expense | $117.79M | $112.51M | $111.29M | $99.23M | $71.12M | $78.69M |
| Income Tax | $1.36M | $1.35M | $1.51M | $2.43M | $989.0K | $1.15M |
| Net Income | $35.49M | $72.80M | $84.97M | $117.09M | $69.04M | $99.06M |
| EPS - Basic | $0.24 | $0.51 | $0.61 | $0.84 | $0.50 | $0.76 |
| EPS - Diluted | $0.24 | $0.51 | $0.60 | $0.84 | $0.50 | $0.75 |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $120.35M | $54.02M | $54.65M | $71.24M | $41.18M | $22.14M |
| Accounts Receivable | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - |
| Total Assets | $7.57B | $7.53B | $7.56B | $7.04B | $6.90B | $5.87B |
| Current Liabilities | - | - | - | - | - | - |
| Long-term Debt | $3.51B | $3.59B | $3.40B | $3.03B | $3.02B | $2.13B |
| Total Liabilities | $4.27B | $4.35B | $4.12B | $3.31B | $3.27B | $2.36B |
| Stockholders' Equity | $3.12B | $3.11B | $3.29B | $3.48B | $3.48B | $3.44B |
| Retained Earnings | ($1.56B) | ($1.33B) | ($1.14B) | ($971.07M) | ($837.64M) | ($670.14M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $334.80M | $351.12M | $370.38M | $376.62M | $319.95M | $308.09M |
| Investing Cash Flow | ($239.44M) | ($207.43M) | ($416.14M) | ($335.81M) | ($977.80M) | ($31.56M) |
| Financing Cash Flow | ($34.65M) | ($151.06M) | $20.59M | $936.0K | $676.89M | ($271.05M) |
| CapEx | - | - | - | - | $4.86M | $3.65M |
| Free Cash Flow | - | - | - | - | $315.09M | $304.43M |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | 16.6% | 21.5% | 19.1% | 24.1% | 17.9% | 22.0% |
| EBITDA margin | 45.9% | 52.3% | 48.2% | 54.0% | 47.4% | 48.9% |
| Net margin | 3.8% | 8.4% | 9.0% | 13.3% | 8.7% | 12.6% |
| Free cash flow margin | - | - | - | - | 39.6% | 38.7% |
| FCF / Net income | - | - | - | - | 4.56 | 3.07 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 4.8% | 4.2% | 3.3% | 3.9% | 3.9% | 2.9% |
| Effective tax rate | 3.7% | 1.8% | 1.7% | 2.0% | 1.4% | 1.1% |
| Return on assets | 0.5% | 1.0% | 1.1% | 1.7% | 1.0% | 1.7% |
| Return on equity | 1.1% | 2.3% | 2.6% | 3.4% | 2.0% | 2.9% |
| Return on invested capital | 2.3% | 2.7% | 2.6% | 3.2% | 2.2% | 3.1% |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 1.13 | 1.15 | 1.03 | 0.87 | 0.87 | 0.62 |
| Debt / Assets | 0.46 | 0.48 | 0.45 | 0.43 | 0.44 | 0.36 |
| Debt / EBITDA | 8.12 | 7.90 | 7.47 | 6.36 | 8.01 | 5.53 |
| Interest coverage | 1.3x | 1.7x | 1.6x | 2.1x | 2.0x | 2.2x |
| Equity multiplier | 2.43 | 2.42 | 2.29 | 2.02 | 1.98 | 1.70 |
| Liabilities / Assets | 0.56 | 0.58 | 0.54 | 0.47 | 0.47 | 0.40 |
| Efficiency | ||||||
| Asset turnover | 0.12 | 0.12 | 0.12 | 0.13 | 0.12 | 0.13 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | - | - | - | - | - | - |
| P / S | - | - | - | - | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 8.3% | -7.7% | 7.1% | 10.6% | 1.3% | 4.4% |
| Revenue CAGR (3y) | 2.3% | 3.0% | 6.2% | 5.3% | 2.8% | 6.1% |
| Revenue CAGR (5y) | 3.7% | 2.9% | 5.1% | 6.0% | 19.6% | 15.0% |
| Gross profit growth (YoY) | - | - | - | - | - | - |
| Operating income growth (YoY) | -16.4% | 4.1% | -15.4% | 49.1% | -17.7% | 10.3% |
| Net income growth (YoY) | -51.3% | -14.3% | -27.4% | 69.6% | -30.3% | -14.6% |
| EPS growth (YoY) | -52.9% | -15.0% | -28.6% | 68.0% | -33.3% | -26.5% |
| EPS CAGR (3y) | -34.1% | 0.7% | -7.2% | -6.3% | -4.8% | -8.5% |
| EPS CAGR (5y) | -20.4% | -12.9% | 0.7% | -3.0% | 14.0% | -1.3% |
| FCF growth (YoY) | - | - | - | - | 3.5% | 18.3% |
| FCF CAGR (5y) | - | - | - | - | 19.4% | 20.3% |
| Book value growth (YoY) | 0.1% | -5.5% | -5.4% | -0.1% | 1.2% | 24.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$933.24M totalOwned Properties$890.06M · 95.4%
On Campus Participating Properties$31.22M · 3.3%
Property Management Services$11.96M · 1.3%
Product / service
$22.15M totalManagement Service$11.96M · 54.0%
Development Services$10.19M · 46.0%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
6/9
Neutral
- ✓Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- -Current ratio improved
- ✓No share dilution
- -Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing AMERICAN CAMPUS COMMUNITIES INC against the 5 most active filers in the same SIC group.