← American Homes 4 Rent
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $310.0m | $432.1m | $468.1m | $513.4m | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($33.5m) | ($22.1m) | $23.5m | $85.9m | $85.2m | $135.3m | $250.8m | $366.2m | $398.5m | $439.0m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $10.4m | $76.5m | $112.4m | $156.3m | $154.8m | $210.6m | $310.0m | $432.1m | $468.1m | $513.4m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $10.4m | $76.5m | $112.4m | $156.3m | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $3.8m | ($4.5m) | $4.2m | $15.2m | $14.5m | — | — | — | — | — | |
| Depreciation, Depletion and Amortization | $298.7m | $297.3m | $318.7m | $329.3m | $343.2m | $372.8m | $426.5m | $456.6m | $477.0m | $504.3m | |
| Amortization of Debt Issuance Costs | $10.5m | $8.2m | $7.8m | $7.5m | $7.4m | $8.8m | $11.7m | $12.3m | $11.5m | $10.0m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $426.5m | $456.6m | $477.0m | $504.3m | |
| Share-based Payment Arrangement, Noncash Expense | $3.6m | $4.2m | $3.4m | $4.8m | $9.8m | $17.8m | $27.3m | $25.4m | $31.0m | $25.8m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | $834k | $1.7m | $2.7m | $4.8m | $4.0m | $9.0m | $11.9m | |
| Share-based Payment Arrangement, Expense | — | — | — | $4.8m | $9.8m | $17.8m | $27.3m | $25.4m | $31.0m | $25.8m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | $4.9m | — | — | — | — | — | |
| Equity Securities without Readily Determinable Fair Value, Impairment Loss, Annual Amount | — | — | — | — | — | — | — | $0 | $0 | $0 | |
| Goodwill and Intangible Asset Impairment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Impairment of Intangible Assets, Finite-lived | — | $0 | — | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
| Income (Loss) from Equity Method Investments | $860k | $1.6m | $546k | $509k | ($774k) | $1.6m | $3.1m | $1.2m | ($6k) | $320k | |
| Gain (Loss) on Extinguishment of Debt | ($13.4m) | ($6.6m) | ($1.4m) | ($659k) | $0 | $0 | — | — | ($6.3m) | ($396k) | |
| Operating Lease, Lease Income | — | — | — | — | — | — | $1.5b | $1.6b | $1.7b | $1.9b | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | — | — | $15.7m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $2.6m | $2.1m | $2.0m | $3.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $9.7m | $11.0m | $12.2m | $2.8m | $15.6m | $4.9m | $8.1m | ($879k) | $1.7m | ($1.3m) | |
| Payments of Financing Costs | — | — | — | $3.6m | $0 | $18.0m | $8.2m | $0 | $25.2m | $5.2m | |
| Gain (Loss) on Sale of Mortgage Loans | $8.1m | $17k | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Properties | $14.6m | $6.8m | $17.9m | $43.9m | $44.2m | $49.7m | $136.5m | $209.8m | $225.8m | $231.5m | |
| General and Administrative Expense | $31.0m | $34.7m | $36.6m | $43.2m | $48.5m | $56.4m | $68.1m | $74.6m | $83.6m | $83.0m | |
| Goodwill | $120.3m | $120.3m | $120.3m | $120.3m | $120.3m | $120.3m | $120.3m | $120.3m | $120.3m | $120.3m | |
| Nonoperating Income (Expense) | — | — | — | — | — | $4.0m | $6.9m | $9.8m | $22.2m | — | |
| Operating Expenses | $874.0m | $887.0m | $978.1m | $1.0b | $1.1b | $1.1b | $1.3b | $1.4b | $1.5b | — | |
| Proceeds from Stock Options Exercised | $3.2m | $548k | $10.2m | $11.5m | $7.0m | $4.2m | — | — | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $1.1b | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $191.8m | $218.0m | $221.9m | $350.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $786.2m | ($42.2m) | $142.7m | ($655.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.4b) | ($692.6m) | ($825.9m) | ($328.2m) | |
| Change In Account Payable | — | — | — | — | — | — | $43.6m | $44.3m | $34.4m | $18.2m | |
| Change In Other Working Capital | — | — | — | — | — | — | ($2.6m) | ($3.1m) | ($4.0m) | ($3.6m) | |
| Change In Payable | — | — | — | — | — | — | $43.6m | $44.3m | $34.4m | $18.2m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $43.6m | $44.3m | $34.4m | $18.2m | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($7.1m) | ($21.5m) | $11.2m | $22.0m | |
| Change In Receivables | — | — | — | — | — | — | ($10.1m) | $458k | ($206k) | $2.0m | |
| Change In Working Capital | — | — | — | — | — | — | $23.8m | $20.1m | $41.4m | $38.5m | |
| Changes In Account Receivables | — | — | — | — | — | — | ($8.1m) | $879k | ($1.7m) | $1.3m | |
| Changes In Cash | — | — | — | — | — | — | $26.2m | $3.9m | $128.4m | ($119.5m) | |
| End Cash Position | — | — | — | — | — | — | $218.0m | $221.9m | $350.2m | $230.7m | |
| Financing Cash Flow | — | — | — | — | — | — | $786.2m | ($42.2m) | $142.7m | ($655.7m) | |
| Free Cash Flow | — | — | — | — | — | — | $526.7m | $604.5m | $689.8m | $746.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($136.5m) | ($209.8m) | ($225.8m) | ($231.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.4b) | ($692.6m) | ($825.9m) | ($328.2m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $561.5m | $398.6m | $143.1m | $0 | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($25.3m) | ($12.6m) | ($19.7m) | ($15.1m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | ($498.8m) | ($155.0m) | $0 | $0 | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($133.8m) | ($207.7m) | ($217.5m) | ($227.8m) | |
| Other Non Cash Items | — | — | — | — | — | — | $11.7m | $12.3m | $11.5m | $10.0m | |
| Preferred Stock Payments | — | — | — | — | — | ($498.8m) | ($155.0m) | $0 | $0 | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $4.9m | $6.5m | $6.4m | $6.1m | |
| Purchase Of Business | — | — | — | — | — | — | ($25.3m) | ($12.6m) | ($19.7m) | ($15.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($155.0m) | $0 | $0 | ($150.1m) | |
| Stock Based Compensation | — | — | — | — | — | — | $27.3m | $25.4m | $31.0m | $25.8m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($130k) | $28k | $842k | $963k | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $278.9m | $386.0m | $410.9m | $457.9m | $474.1m | $595.2m | $665.5m | $738.7m | $811.5m | $864.3m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($138.8m) | ($134.2m) | ($121.8m) | ($118.2m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($138.8m) | ($134.2m) | ($121.8m) | ($118.2m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | — | — | — | — | — | — | — | — | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($400.7m) | $416.5m | $43.2m | $566.1m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($14.5m) | ($1.1m) | $25.0m | $0 | |
| Purchase Of Investment | — | — | — | — | — | — | ($14.5m) | ($1.1m) | ($653k) | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($693.2m) | ($52.9m) | ($530.0m) | ($64.2m) | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $0 | $25.7m | $0 | |
| Sale Of Investment Properties | — | — | — | — | — | — | $292.5m | $469.5m | $573.2m | $630.4m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | $49.6m | $38.8m | $29.2m | $30.9m | |
| Net Other Investing Changes | — | — | — | — | — | — | ($914.5m) | ($1.0b) | ($869.0m) | ($839.7m) | |
| Net Cash Provided by (Used in) Investing Activities | ($522.4m) | ($837.5m) | ($674.4m) | ($376.9m) | ($642.9m) | ($1.7b) | ($1.4b) | ($692.6m) | ($825.9m) | ($328.2m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $1.5b | $200.0m | $2.0b | $1.4b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $876.8m | $0 | $1.6b | $646.4m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $656.8m | ($40.0m) | $1.5b | $1.0b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $876.8m | $0 | $1.6b | $646.4m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($220.0m) | ($40.0m) | ($90.0m) | $360.0m | |
| Short Term Debt Issuance | — | — | — | — | — | — | $620.0m | $200.0m | $400.0m | $770.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($840.0m) | ($240.0m) | ($490.0m) | ($410.0m) | |
| Short Term Debt Payments | — | — | — | — | — | — | ($840.0m) | ($240.0m) | ($490.0m) | ($410.0m) | |
| Proceeds from Issuance of Common Stock | $102.8m | $694.8m | $0 | $0 | $414.1m | — | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | — | $561.5m | $398.6m | $143.1m | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | $561.5m | $398.6m | $143.1m | ($150.1m) | |
| Payments for Repurchase of Common Stock | $96.1m | $0 | $35.0m | $0 | $0 | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $48.2m | $38.9m | $58.4m | $59.8m | $61.1m | $146.2m | $252.5m | $319.5m | $383.5m | $446.3m | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($150.1m) | |
| Dividends Payable | — | $27.0m | $14.2m | — | — | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($269.6m) | ($333.4m) | ($397.5m) | ($460.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($252.5m) | ($319.5m) | ($383.5m) | ($446.3m) | |
| Dividends Received CFI | — | — | — | — | — | — | $68.3m | $47.7m | $116.3m | $78.7m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($17.1m) | ($13.9m) | ($13.9m) | ($13.9m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($12.5m) | ($73.9m) | ($1.1b) | ($1.1b) | |
| Net Cash Provided by (Used in) Financing Activities | $324.8m | $384.1m | $255.9m | ($92.1m) | $269.8m | $1.1b | $786.2m | ($42.2m) | $142.7m | ($655.7m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($67.4m) | ($7.6m) | ($11.1m) | $101.0m | ($73.3m) | $26.2m | $3.9m | $128.4m | ($119.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $182.8m | $175.2m | $164.1m | $265.1m | $191.8m | $218.0m | $221.9m | $350.2m | $230.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $26.2m | $3.9m | $128.4m | ($119.5m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $115.8m | $100.9m | $105.1m | $113.0m | $109.7m | $95.8m | $116.4m | $128.0m | $128.1m | $172.2m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.