INDEPENDENCE REALTY TRUST, INC.

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 (Loss) Attributable to Parent ($9.6m) $31.4m $26.6m $45.9m $14.8m $44.6m $117.2m ($17.2m) $39.3m $56.6m
Net Income (Loss) Available to Common Stockholders, Basic ($9.8m) $30.2m $26.3m $46.4m $14.9m $45.5m $120.7m ($17.8m) $40.0m $57.7m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($9.6m) $31.4m $26.6m $46.4m $14.9m $45.5m $120.7m ($17.8m) $40.0m $57.7m
Net Income (Loss) Attributable to Noncontrolling Interest $246k $1.2m $322k $458k $109k $940k $3.4m ($580k) $742k $1.1m
Depreciation, Depletion and Amortization $34.8m $34.2m $45.2m $52.8m $60.7m $76.9m $252.8m $219.0m $220.9m $243.2m
Amortization of Debt Issuance Costs $1.5m $1.4m $1.4m $1.4m $1.6m $3.7m $3.3m $2.8m $3.7m
Amortization of Debt Issuance Costs and Discounts $2.8m
Amortization of Intangible Assets $3.7m $1.5m $3.4m $1.6m $631k $5.1m $54.0m $731k $1.4m $8.7m
Depreciation $31.1m $32.7m $41.8m $51.2m $60.1m $70.6m $197.5m $217.0m $218.0m $243.2m
Share-based Payment Arrangement, Noncash Expense $1.2m $2.0m $2.5m $3.1m $5.6m $7.2m $7.9m $7.7m $7.1m $7.9m
Payment, Tax Withholding, Share-based Payment Arrangement $569k $354k $642k $1.5m $2.9m $6.0m $4.7m $2.6m $3.5m
Share-based Payment Arrangement, Expense $1.2m $2.0m $2.5m $3.2m $5.6m $7.3m $8.0m $7.9m $7.4m $8.3m
Impairment of Intangible Assets, Finite-lived $4.2m $1.8m $1.2m $1.5m $58.1m $1.1m $398k $6.8m
Share-based Payment Arrangement, Expensed and Capitalized, Amount $142k
Income (Loss) from Equity Method Investments $0 $0 ($2.2m) ($4.5m) $347k $11.1m
Gain (Loss) on Extinguishment of Debt ($1.2m) ($572k) $0 ($10.3m) $0 ($124k) $200k ($67k)
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $31.8m $18.8m $10.7m $35.2m
Income Tax Expense (Benefit) $0 $0 $0 $0 $0 $0 $0 $0 $0
Interest Expense Nonoperating $76.1m $79.0m
Operating Lease, Expense $1.3m $849k $674k $616k
Operating Lease, Lease Income $656.5m
Other Nonoperating Income (Expense) $89k $144k $1.6m ($427k) ($1k) ($352k)
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($1.3m) $2.4m $523k $33k $8.1m $7.9m $8.0m
Payments of Financing Costs $6.3m
General and Administrative Expense $3.4m $9.5m $10.8m $12.7m $15.1m $18.6m $26.3m $22.8m $24.2m $24.0m
Restructuring Costs $3.2m $0
Net Cash Provided by (Used in) Operating Activities ($7.5m) $54.3m $68.5m $75.0m $75.0m $52.3m $249.5m $262.2m $259.8m $282.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $10.7m $14.4m $599k $249k $84k $177k $84.0m $146.6m $118.3m $135.6m
Payments to Acquire Businesses, Net of Cash Acquired $186.1m $0 $0
Gains (Losses) on Sales of Investment Real Estate $31.8m $18.9m $10.6m $35.2m $7.6m $87.7m $111.8m ($66.5m) ($9.9m) $6.1m
Net Cash Provided by (Used in) Investing Activities ($229.5m) ($106.4m) ($124.5m) ($216.1m) ($135.8m) ($1.7m) ($20.6m) ($142.9m)
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $21.9m $21.0m $148.2m $317.0m $48.7m $421k $111.3m $162.4m
Payments for Repurchase of Common Stock $62.2m $0 $0 $30.0m
Payments of Ordinary Dividends, Common Stock $36.6m $52.3m $52.5m $64.7m $56.1m $49.8m $105.8m $134.9m $144.0m $154.4m
Dividends Payable $4.3m $5.2m $16.2m $16.5m $12.3m $16.8m $32.2m $36.9m $37.8m $41.3m
Net Cash Provided by (Used in) Financing Activities ($37.7m) $125.6m $162.4m $29.8m $48.8m $215.9m ($135.4m) ($253.7m) ($246.4m) ($135.1m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $16.0m $14.4m ($818k) $52.1m ($21.7m) $6.7m ($7.3m) $4.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $16.0m $14.4m ($818k) $52.1m $44.0m $50.7m $43.5m $47.6m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $33.0m $27.4m $35.5m $37.5m $34.1m $29.2m $96.4m $96.0m $80.6m $82.6m