APARTMENT INVESTMENT & MANAGEMENT CO (AIV) [Rocket]

In millions, except per share items	Jun-30-23	Dec-31-22	Sep-30-22	Jun-30-22	Mar-31-22	Dec-31-21	Sep-30-21	Jun-30-21
	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q
Total revenues		190.3	195.1	190.3	180.0	169.8	123.1	295.7
Revenue growth		12.1%	58.5%	-35.6%	-38.4%	-41.6%	-76.4%	-44.8%
Cost of goods sold		0.0	0.0	0.0	0.0	0.0	0.0	0.0
Gross profit		190.3	195.1	190.3	180.0	169.8	123.1	295.7
Gross margin		100.0%	100.0%	100.0%	100.0%	100.0%	100.0%	100.0%
Selling, general and administrative [+]		270.4	192.2	190.2	188.6	185.5	79.9	79.2
Sales and marketing		29.2				22.6
General and administrative		241.2	169.6	167.7	166.1	162.9	22.6	21.8
Other selling, general and administrative		29.2				22.6
Equity in earnings		-8.3	-6.0		0.8	0.0	22.7	21.9
Other operating expenses		96.9	-335.7	-253.8	112.5	97.0	-84.3	-2.7
EBITDA [+]		-169.8	354.3	268.8	-98.7	-91.0	150.1	241.1
EBITDA growth		86.6%	136.0%	11.5%	-138.5%	-145.0%	-66.5%	-48.3%
EBITDA margin		-89.2%	181.6%	141.2%	-54.8%	-53.6%	121.9%	81.5%
Depreciation and amortization		159.0	165.1	101.3	87.1	84.7	83.4	159.9
EBIT [+]		-328.7	189.3	167.4	-185.8	-175.7	66.8	81.2
EBIT growth		87.1%	183.5%	106.1%	-289.1%	-489.3%	-68.9%	-65.2%
EBIT margin		-172.7%	97.0%	88.0%	-103.2%	-103.4%	54.2%	27.5%
Non-recurring items		5.0	5.2		6.2	6.3	20.1	18.9
Interest expense, net [+]		131.2	103.3	106.3	77.9	76.0	38.0	72.8
Interest expense		131.7	103.9	106.8	77.9	76.0	38.0	75.8
Interest income				0.6
Other income (expense), net [+]		574.3	236.2	237.0	241.1	239.4	-41.2	-41.8
Other		-5.1	-6.8	-6.0	-1.9		3.0	2.4
Pre-tax income		109.4	317.0	293.5	-28.8	-18.6	-32.5	-52.2
Income taxes		17.3	20.6	36.2	-12.5	-13.6	-13.3	-13.0
Tax rate		15.8%		12.3%		73.2%	40.9%	24.9%
Minority interest		3.9	-15.2	-13.3	0.3	-0.3	0.2	1.3
Net income		78.5	275.1	240.6	-18.2	-6.2	-19.9	-40.0
Net margin		41.3%	141.0%	126.4%	-10.1%	-3.7%	-16.2%	-13.5%

Basic EPS [+]		$0.52	$1.81	$1.59	($0.12)	($0.04)	($0.13)	($0.27)
Growth		-1363.5%	-1457.1%	-690.6%	3.8%	-81.5%	-117.1%	-127.9%
Diluted EPS [+]		$0.51	$1.80	$1.58	($0.12)	($0.04)	($0.13)	($0.27)
Growth		-1354.6%	-1450.8%	-689.4%	3.7%	-81.5%	-117.1%	-127.9%

Dividends per share [+]			$0.02
Growth				-100.0%	-100.0%	-100.0%	-100.0%	-47.6%

Shares outstanding (basic) [+]		151.6	151.7	151.7	151.6	151.4	149.1	148.8
Growth		0.1%	1.7%	2.0%	2.0%	1.9%	0.5%	0.3%
Shares outstanding (diluted) [+]		152.7	152.4	152.1	151.7	151.4	149.1	148.8
Growth		0.8%	2.2%	2.2%	2.1%	1.9%	0.5%	0.3%

EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.