Equity Residential
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. Equity Residential's past years’ income statements indicate that its last revenue has increased compared to the previous period by 5% to $2,873,964,000. The net income raised on $835,438,000 and profit margin reached 29%. Total operating expenses were $666,886,000.
Profit Margin
| 2014 | 2.61B | 631.30M | 24.14% |
|---|---|---|---|
| 2015 | 2.74B | 870.12M | 31.7% |
| 2016 | 2.42B | 4.29B | 176.94% |
| 2017 | 2.47B | 603.45M | 24.42% |
| 2018 | 2.57B | 657.53M | 25.5% |
| 2019 | 2.70B | 970.37M | 35.93% |
| 2020 | 2.57B | 913.63M | 35.53% |
| 2021 | 2.46B | 1.33B | 54.09% |
| 2022 | 2.73B | 776.91M | 28.4% |
| 2023 | 2.87B | 835.43M | 29.07% |
EQR Income Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||
Revenue | 2.87B | 2.73B | 2.46B | 2.57B | 2.70B | 2.57B | 2.47B | 2.42B | 2.74B | 2.61B |
Cost of revenue | 1.04B | 982.58M | 948.79M | 916.38M | 908.32M | 879.63M | 826.26M | 806.22M | 905.16M | 883.56M |
Gross profit | 1.82B | 1.75B | 1.51B | 1.65B | 1.79B | 1.69B | 1.64B | 1.61B | 1.83B | 1.73B |
Operating exp. | ||||||||||
Research and development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Selling and marketing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total operating expenses | 666.88M | 940.87M | 894.77M | 869.13M | 883.84M | 839.53M | 795.97M | 763.48M | 830.97M | 809.80M |
Operating income | 1.16B | 791.52M | 618.08M | 765.66M | 881.87M | 858.56M | 847.47M | 856.08M | 1.00B | 921.37M |
Other income (expenses), net | -285.57M | 21.40M | 782.94M | -385.58M | 57.56M | 238.84M | -391.46M | 4.03B | -115.72M | -260.47M |
Income before tax | 875.01M | 812.92M | 1.40B | 932.40M | 939.43M | 688.75M | 613.06M | 4.46B | 893.51M | 661.17M |
Income tax expense | 1.14M | 900K | 915K | 852K | -2.28M | 878K | 478K | 1.61M | 917K | 1.39M |
Net income | 835.43M | 776.91M | 1.33B | 913.63M | 970.37M | 657.53M | 603.45M | 4.29B | 870.12M | 631.30M |
Earnings per share | ||||||||||
Basic EPS | 2.2 | 2.06 | 3.56 | 2.36 | 2.61 | 1.79 | 1.64 | 11.76 | 2.39 | 1.75 |
Diluted EPS | 2.13 | 2.05 | 3.54 | 2.27 | 2.5 | 1.71 | 1.58 | 11.24 | 2.29 | 1.67 |
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