XML 52 R31.htm IDEA: XBRL DOCUMENT
v3.6.0.2

Quarterly Financial Data (Unaudited) | 12 Months Ended
--- | ---
Dec. 31, 2016
Quarterly Financial Data [Abstract] |
Quarterly Financial Data (Unaudited) |
19. | Quarterly Financial Data (Unaudited)
Equity Residential The following unaudited quarterly data has been prepared on the basis of a December 31 year-end. Amounts are in thousands, except for per share amounts.
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2016 |  | 3/31 |  | 6/30 |  | 9/30 |  | 12/31
Total revenues |  | $ | 619,083 |  |  | $ | 595,154 |  |  | $ | 606,074 |  |  | $ | 605,489 |
Operating income |  | 216,625 |  |  | 206,018 |  |  | 209,373 |  |  | 224,070 |
Income from continuing operations |  | 3,731,988 |  |  | 228,365 |  |  | 217,246 |  |  | 301,987 |
Discontinued operations, net |  | (157 | ) |  | 35 |  |  | 246 |  |  | 394 |
Net income * |  | 3,731,831 |  |  | 228,400 |  |  | 217,492 |  |  | 302,381 |
Net income available to Common Shares |  | 3,586,985 |  |  | 218,067 |  |  | 207,543 |  |  | 276,477 |
Earnings per share – basic: |  |  |  |  |  |  |  |
Net income available to Common Shares |  | $ | 9.84 |  |  | $ | 0.60 |  |  | $ | 0.57 |  |  | $ | 0.76 |
Weighted average Common Shares outstanding |  | 364,592 |  |  | 365,047 |  |  | 365,109 |  |  | 365,256 |
Earnings per share – diluted: |  |  |  |  |  |  |  |
Net income available to Common Shares |  | $ | 9.76 |  |  | $ | 0.59 |  |  | $ | 0.56 |  |  | $ | 0.75 |
Weighted average Common Shares outstanding |  | 382,243 |  |  | 382,065 |  |  | 382,373 |  |  | 381,860 |
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2015 |  | 3/31 |  | 6/30 |  | 9/30 |  | 12/31
Total revenues |  | $ | 666,371 |  |  | $ | 679,112 |  |  | $ | 696,289 |  |  | $ | 703,193 |
Operating income |  | 218,331 |  |  | 246,255 |  |  | 257,594 |  |  | 287,058 |
Income from continuing operations |  | 190,069 |  |  | 298,504 |  |  | 205,375 |  |  | 213,673 |
Discontinued operations, net |  | 155 |  |  | 114 |  |  | 81 |  |  | 47 |
Net income * |  | 190,224 |  |  | 298,618 |  |  | 205,456 |  |  | 213,720 |
Net income available to Common Shares |  | 178,842 |  |  | 285,587 |  |  | 195,859 |  |  | 202,989 |
Earnings per share – basic: |  |  |  |  |  |  |  |
Net income available to Common Shares |  | $ | 0.49 |  |  | $ | 0.79 |  |  | $ | 0.54 |  |  | $ | 0.56 |
Weighted average Common Shares outstanding |  | 363,098 |  |  | 363,476 |  |  | 363,579 |  |  | 363,828 |
Earnings per share – diluted: |  |  |  |  |  |  |  |
Net income available to Common Shares |  | $ | 0.49 |  |  | $ | 0.78 |  |  | $ | 0.53 |  |  | $ | 0.55 |
Weighted average Common Shares outstanding |  | 380,327 |  |  | 380,491 |  |  | 380,663 |  |  | 381,220 |
* The Company did not have any extraordinary items or cumulative effect of change in accounting principle during the years ended December 31, 2016 and 2015. Therefore, income before extraordinary items and cumulative effect of change in accounting principle is not shown as it was equal to the net income amounts disclosed above. ERP Operating Limited Partnership The following unaudited quarterly data has been prepared on the basis of a December 31 year-end. Amounts are in thousands, except for per Unit amounts.
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2016 |  | 3/31 |  | 6/30 |  | 9/30 |  | 12/31
Total revenues |  | $ | 619,083 |  |  | $ | 595,154 |  |  | $ | 606,074 |  |  | $ | 605,489 |
Operating income |  | 216,625 |  |  | 206,018 |  |  | 209,373 |  |  | 224,070 |
Income from continuing operations |  | 3,731,988 |  |  | 228,365 |  |  | 217,246 |  |  | 301,987 |
Discontinued operations, net |  | (157 | ) |  | 35 |  |  | 246 |  |  | 394 |
Net income * |  | 3,731,831 |  |  | 228,400 |  |  | 217,492 |  |  | 302,381 |
Net income available to Units |  | 3,730,294 |  |  | 226,847 |  |  | 215,896 |  |  | 287,546 |
Earnings per Unit – basic: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to Units |  | $ | 9.84 |  |  | $ | 0.60 |  |  | $ | 0.57 |  |  | $ | 0.76 |
Weighted average Units outstanding |  | 378,289 |  |  | 378,934 |  |  | 379,008 |  |  | 379,081 |
Earnings per Unit – diluted: |  |  |  |  |  |  |  |  |  |  |
Net income available to Units |  | $ | 9.76 |  |  | $ | 0.59 |  |  | $ | 0.56 |  |  | $ | 0.75 |
Weighted average Units outstanding |  | 382,243 |  |  | 382,065 |  |  | 382,373 |  |  | 381,860 |
|  | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
2015 |  | 3/31 |  | 6/30 |  | 9/30 |  | 12/31
Total revenues |  | $ | 666,371 |  |  | $ | 679,112 |  |  | $ | 696,289 |  |  | $ | 703,193 |
Operating income |  | 218,331 |  |  | 246,255 |  |  | 257,594 |  |  | 287,058 |
Income from continuing operations |  | 190,069 |  |  | 298,504 |  |  | 205,375 |  |  | 213,673 |
Discontinued operations, net |  | 155 |  |  | 114 |  |  | 81 |  |  | 47 |
Net income * |  | 190,224 |  |  | 298,618 |  |  | 205,456 |  |  | 213,720 |
Net income available to Units |  | 185,901 |  |  | 296,941 |  |  | 203,637 |  |  | 211,039 |
Earnings per Unit – basic: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to Units |  | $ | 0.49 |  |  | $ | 0.79 |  |  | $ | 0.54 |  |  | $ | 0.56 |
Weighted average Units outstanding |  | 376,696 |  |  | 377,063 |  |  | 377,147 |  |  | 377,380 |
Earnings per Unit – diluted: |  |  |  |  |  |  |  |  |  |  |  |
Net income available to Units |  | $ | 0.49 |  |  | $ | 0.78 |  |  | $ | 0.53 |  |  | $ | 0.55 |
Weighted average Units outstanding |  | 380,327 |  |  | 380,491 |  |  | 380,663 |  |  | 381,220 |
* The Operating Partnership did not have any extraordinary items or cumulative effect of change in accounting principle during the years ended December 31, 2016 and 2015. Therefore, income before extraordinary items and cumulative effect of change in accounting principle is not shown as it was equal to the net income amounts disclosed above.

X
- References No definition available. + Details
Name: | us-gaap_QuarterlyFinancialDataAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
Name: | us-gaap_QuarterlyFinancialInformationTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration