As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2017 USD

Assets

Investment in real estate

Master Planned Community assets 1,641,063 1,642,842 1,669,561 1,642,278
Buildings and equipment 1,243,979 1,772,401 2,027,363 2,238,617
Less - accumulated depreciation (157,182) (232,969) (245,814) (321,882)
Land 317,211 322,462 320,936 277,932
Developments 914,303 1,036,927 961,980 1,196,582
Net property and equipment 3,959,374 4,541,663 4,734,026 5,033,527
Investment in Real Estate and Other Affiliates 53,686 57,811 76,376 76,593
Net investment in real estate 4,013,060 4,599,474 4,810,402 5,110,120
Cash and cash equivalents 560,451 445,301 665,510 861,059
Accounts receivable, net 28,190 9,962 9,883 13,041
Municipal Utility District receivables, net 104,394 139,946 150,385 184,811
Notes receivable, net 28,630 1,664 155 5,864
Deferred expenses, net 60,407 61,804 64,531 80,901
Prepaid expenses and other assets, net 310,136 463,431 666,516 473,268
Total assets 5,105,268 5,721,582 6,367,382 6,729,064

Liabilities

Mortgages, notes and loans payable, net 1,978,807 2,443,962 2,690,747 2,857,945
Deferred tax liabilities 62,205 89,221 200,945 160,850
Warrant liabilities 366,080 307,760 332,170 0
Uncertain tax position liability 4,653 1,396 NA NA
Accounts payable and accrued expenses 466,017 515,354 572,010 521,718
Total liabilities 2,877,762 3,357,693 3,795,872 3,540,513

Equity

Preferred stock 0 0 0 0
Common stock 396 398 398 433
Additional paid-in capital 2,838,013 2,847,823 2,853,269 3,302,502
Accumulated deficit (606,934) (480,215) (277,912) (109,508)
Accumulated other comprehensive loss (7,712) (7,889) (6,786) (6,965)
Treasury stock, at cost NA 0 (1,231) (3,476)
Total stockholders' equity 2,223,763 2,360,117 2,567,738 3,182,986
Noncontrolling interests 3,743 3,772 3,772 5,565
Total equity 2,227,506 2,363,889 2,571,510 3,188,551
Total liabilities and equity 5,105,268 5,721,582 6,367,382 6,729,064
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.