IRT Stock Price Correlated With Independence Realty Trust Financials
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Income Statement
Cash Flow
Balance Sheet
IRT Income Statement
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Revenue, Net:
Cost of Goods & Services Sold:
Gross Profit:
Selling, General & Admin Expense:
Research & Development Expense:
Total Operating Expenses:
Operating Income:
Income Taxes:
Net Income:
IRT Cash Flow
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Operating Activities Net Income:
Depreciation, Depletion & Amortization:
Change in Accounts Receiveable:
Net Cash from Operations:
Repurchases/Buybacks Common Stock:
Issuance of Long-term Debt:
Cash Dividends Paid:
Net Cash from Financing Activities:
Property, Plant & Equipment Purchases:
Purchases of Businesses, Net of Cash:
Net Cash from Investing Activities:
Net Change in Cash & Equivalents:
IRT Balance Sheet
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Cash and Cash Equivalents:
Short-Term Investments:
Accounts Receivable, Net:
Inventories:
Total Current Assets:
Property, Plant & Equipment, Net:
Total Assets:
Accounts Payable:
Current Portion of Long-Term Debt:
Total Short-Term Liabilities:
Long Term Debt, Non-Current Portion:
Total Long-Term Liabilities:
Total Liabilities:
COMPANY PROFILE
NOTE 2: Summary of Significant Accounting Policies
a. Basis of Presentation
The consolidated financial statements have been prepared by
management in accordance with U.S. generally accepted accounting
principles, or GAAP. In the opinion of management, all adjustments,
consisting only of normal recurring adjustments, necessary to
present fairly our consolidated financial position and consolidated
results of operations, equity and cash flows are included.
b. Principles of Consolidation
The consolidated financial statements reflect our accounts and the
accounts of our operating partnership and other wholly-owned
subsidiaries. All intercompany accounts and transactions have been
eliminated in consolidation.
c. Use of Estimates
The preparation of financial statements in conformity with GAAP
requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities, the disclosure of
contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenue and expenses during
the reporting periods. Actual results could differ from those
estimates.
d. Cash and Cash Equivalents
Cash and cash equivalents include cash held in banks and highly
liquid investments with maturities of three months or less when
purchased. Cash, including amounts restricted, may at times exceed
the Federal Deposit Insurance Corporation deposit insurance limit
of $250 per institution. We mitigate credit risk by placing cash
and cash equivalents with major financial institutions. To date, we
have not experienced any losses on cash and cash equivalents.
e. Restricted Cash
Restricted cash includes tenant escrows and our funds held by
lenders to fund certain expenditures or to be released at our
discretion upon the occurrence of certain pre-specified events. As
of December 31, 2013 and 2012, we had $1,122 and $1,150,
respectively, of restricted cash accounts.
f. Accounts Receivable and Allowance for Bad
Debts
We make estimates of the collectability of our accounts receivable
related to base rents, expense reimbursements and other revenue. We
analyze accounts receivable and historical bad debt levels, tenant
credit worthiness and current economic trends when evaluating the
adequacy of the allowance for doubtful accounts. In addition,
tenants experiencing financial difficulties are analyzed and
estimates are made in connection with expected uncollectible
receivables. Our reported operating results are directly affected
by management’s estimate of the collectability of accounts
receivable.
g. Investments in Real Estate
Allocation of Purchase Price of Acquired Assets
We account for acquisitions of properties in accordance with FASB
ASC Topic 805, “Business Combinations”. The fair value
of the real estate acquired is allocated to the acquired tangible
assets, consisting of land, building and tenant improvements, and
identified intangible assets and liabilities, consisting of the
value of above-market and below-market leases for acquired in-place
leases and the value of tenant relationships, based in each case on
their fair values. Purchase accounting is applied to assets and
liabilities associated with the real estate acquired. Transaction
costs and fees incurred related to acquisitions are expensed as
incurred. Transaction costs and fees incurred related to the
financing of an acquisition are capitalized and amortized over the
life of the loan.
Upon the acquisition of properties, we estimate the fair value of
acquired tangible assets (consisting of land, building and
improvements) and identified intangible assets and liabilities
(consisting of above and below-market leases, in-place leases and
tenant relationships), and assumed debt at the date of acquisition,
based on the evaluation of information and estimates available at
that date. Based on these estimates, we allocate the initial
purchase price to the applicable assets and
a. Basis of Presentation
The consolidated financial statements have been prepared by
management in accordance with U.S. generally accepted accounting
principles, or GAAP. In the opinion of management, all adjustments,
consisting only of normal recurring adjustments, necessary to
present fairly our consolidated financial position and consolidated
results of operations, equity and cash flows are included.
b. Principles of Consolidation
The consolidated financial statements reflect our accounts and the
accounts of our operating partnership and other wholly-owned
subsidiaries. All intercompany accounts and transactions have been
eliminated in consolidation.
c. Use of Estimates
The preparation of financial statements in conformity with GAAP
requires management to make estimates and assumptions that affect
the reported amounts of assets and liabilities, the disclosure of
contingent assets and liabilities at the date of the financial
statements and the reported amounts of revenue and expenses during
the reporting periods. Actual results could differ from those
estimates.
d. Cash and Cash Equivalents
Cash and cash equivalents include cash held in banks and highly
liquid investments with maturities of three months or less when
purchased. Cash, including amounts restricted, may at times exceed
the Federal Deposit Insurance Corporation deposit insurance limit
of $250 per institution. We mitigate credit risk by placing cash
and cash equivalents with major financial institutions. To date, we
have not experienced any losses on cash and cash equivalents.
e. Restricted Cash
Restricted cash includes tenant escrows and our funds held by
lenders to fund certain expenditures or to be released at our
discretion upon the occurrence of certain pre-specified events. As
of December 31, 2013 and 2012, we had $1,122 and $1,150,
respectively, of restricted cash accounts.
f. Accounts Receivable and Allowance for Bad
Debts
We make estimates of the collectability of our accounts receivable
related to base rents, expense reimbursements and other revenue. We
analyze accounts receivable and historical bad debt levels, tenant
credit worthiness and current economic trends when evaluating the
adequacy of the allowance for doubtful accounts. In addition,
tenants experiencing financial difficulties are analyzed and
estimates are made in connection with expected uncollectible
receivables. Our reported operating results are directly affected
by management’s estimate of the collectability of accounts
receivable.
g. Investments in Real Estate
Allocation of Purchase Price of Acquired Assets
We account for acquisitions of properties in accordance with FASB
ASC Topic 805, “Business Combinations”. The fair value
of the real estate acquired is allocated to the acquired tangible
assets, consisting of land, building and tenant improvements, and
identified intangible assets and liabilities, consisting of the
value of above-market and below-market leases for acquired in-place
leases and the value of tenant relationships, based in each case on
their fair values. Purchase accounting is applied to assets and
liabilities associated with the real estate acquired. Transaction
costs and fees incurred related to acquisitions are expensed as
incurred. Transaction costs and fees incurred related to the
financing of an acquisition are capitalized and amortized over the
life of the loan.
Upon the acquisition of properties, we estimate the fair value of
acquired tangible assets (consisting of land, building and
improvements) and identified intangible assets and liabilities
(consisting of above and below-market leases, in-place leases and
tenant relationships), and assumed debt at the date of acquisition,
based on the evaluation of information and estimates available at
that date. Based on these estimates, we allocate the initial
purchase price to the applicable assets and
Free historical financial statements for Independence Realty Trust Inc.. See how revenue, income, cash flow, and balance sheet financials have changed over 47 quarters since 2013. Compare with IRT stock chart to see long term trends.
Data imported from Independence Realty Trust Inc. SEC filings. Check original filings before making any investment decision.