Equity Residential (EQR)

Equity Residential Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	2,900	2,874	2,735	2,464	2,572	2,701
Revenue Growth (YoY)	4.05%	5.07%	11.01%	-4.19%	-4.78%	4.77%
Cost of Revenue	1,050	1,046	982.58	948.79	916.39	908.33
Gross Profit	1,850	1,827	1,753	1,515	1,655	1,792
Selling, General & Admin	60.27	60.72	58.71	56.51	48.31	52.76
Other Operating Expenses	898.57	888.71	882.17	855.04	820.83	831.08
Operating Expenses	958.85	949.43	940.88	911.55	869.14	883.84
Operating Income	891.06	878.05	811.72	603.66	786.18	908.52
Interest Expense / Income	270.37	269.56	282.92	272.47	365.07	390.08
Other Expense / Income	-299.66	-228.1	-249.01	-1,002.58	-493.38	-449.65
Pretax Income	920.34	836.59	777.81	1,334	914.49	968.1
Income Tax	1.15	1.15	0.9	0.92	0.85	-2.28
Net Income	919.19	835.44	776.91	1,333	913.64	970.38
Preferred Dividends	4.31	3.09	3.09	3.09	3.09	3.09
Net Income Common	914.88	832.35	773.82	1,330	910.55	967.29
Net Income Growth	-0.02%	7.56%	-41.81%	46.04%	-5.87%	47.80%
Shares Outstanding (Basic)	379	379	376	374	372	370
Shares Outstanding (Diluted)	391	391	389	388	386	386
Shares Change	-0.03%	0.37%	0.35%	0.57%	-0.12%	0.69%
EPS (Basic)	2.42	2.20	2.06	3.56	2.45	2.61
EPS (Diluted)	2.41	2.20	2.05	3.54	2.45	2.60
EPS Growth	-0.82%	7.32%	-42.09%	44.49%	-5.77%	46.89%
Free Cash Flow	1,296	1,183	1,728	896.66	1,944	623.66
Free Cash Flow Per Share	3.42	3.12	4.59	2.40	5.23	1.68
Dividend Per Share	2.663	2.650	2.500	2.410	2.410	2.270
Dividend Growth	4.93%	6.00%	3.73%	0%	6.17%	5.09%
Gross Margin	63.80%	63.59%	64.08%	61.49%	64.37%	66.37%
Operating Margin	30.73%	30.55%	29.68%	24.50%	30.57%	33.64%
Profit Margin	31.55%	28.96%	28.29%	53.97%	35.41%	35.82%
Free Cash Flow Margin	44.71%	41.16%	63.16%	36.39%	75.60%	23.09%
Effective Tax Rate	0.13%	0.14%	0.12%	0.07%	0.09%	-0.24%
EBITDA	2,102	2,008	1,955	2,458	2,112	2,201
EBITDA Margin	72.50%	69.86%	71.48%	99.74%	82.12%	81.50%
Depreciation & Amortization	911.45	901.5	894.33	851.38	832.44	842.78
EBIT	1,191	1,106	1,061	1,606	1,280	1,358
EBIT Margin	41.06%	38.49%	38.78%	65.19%	49.76%	50.29%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).