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Consolidated Balance Sheets (USD $)
In Thousands
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Real estate:    
Buildings and improvements $ 7,254,069 $ 7,060,131
Land 2,128,734 2,111,561
Total real estate 9,382,803 9,171,692
Less accumulated depreciation (2,893,056) (2,500,578)
Net real estate ($854,811 and $841,486 related to VIEs) 6,489,747 6,671,114
Cash and cash equivalents ($34,808 and $23,366 related to VIEs) 111,325 81,260
Restricted cash ($55,125 and $56,144 related to VIEs) 201,058 218,344
Accounts receivable, net ($13,582 and $20,766 related to VIEs) 49,855 59,822
Accounts receivable from affiliates, net 8,392 23,744
Deferred financing costs, net 47,779 50,103
Notes receivable from unconsolidated real estate partnerships, net 10,896 14,295
Notes receivable from non-affiliates, net 126,726 125,269
Investment in unconsolidated real estate partnerships ($54,374 and $99,460 related to VIEs) 59,282 105,324
Other assets 170,598 185,890
Deferred income tax assets, net 58,736 42,015
Assets held for sale 44,172 329,288
Total assets 7,378,566 7,906,468
LIABILITIES AND EQUITY    
Non-recourse property tax-exempt bond financing ($212,245 and $211,691 related to VIEs) 514,506 574,926
Non-recourse property loans payable ($432,918 and $379,759 related to VIEs) 4,916,022 4,737,242
Term loan 0 90,000
Other borrowings ($15,486 and $15,665 related to VIEs) 47,018 53,057
Total indebtedness 5,477,546 5,455,225
Accounts payable 27,322 29,819
Accrued liabilities and other ($79,170 and $62,503 related to VIEs) 250,106 286,328
Deferred income 150,732 178,772
Security deposits 34,939 33,736
Liabilities related to assets held for sale 27,721 271,229
Total liabilities 5,968,366 6,255,109
Preferred noncontrolling interests in Aimco Operating Partnership 83,428 86,656
Preferred stock subject to repurchase agreement (Note 11) 20,000 30,000
Commitments and contingencies (Note 8)    
Equity:    
Perpetual Preferred Stock (Note 11) 657,601 660,500
Class A Common Stock, $0.01 par value, 422,157,736 and 426,157,736 shares authorized, 117,642,872 and 116,479,791 shares issued and outstanding, at December 31, 2010 and 2009, respectively 1,176 1,165
Additional paid-in capital 3,070,882 3,072,665
Accumulated other comprehensive loss (2,076) (1,138)
Notes due on common stock purchases (586) (1,392)
Distributions in excess of earnings (2,680,955) (2,492,082)
Total Aimco equity 1,046,042 1,239,718
Noncontrolling interests in consolidated real estate partnerships 291,458 316,177
Common noncontrolling interests in Aimco Operating Partnership (30,728) (21,192)
Total equity 1,306,772 1,534,703
Total liabilities and equity $ 7,378,566 $ 7,906,468