Sun Communities Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	1,430	107.1	-209.1	263.8	413.8
Depreciation & Amortization	507.9	490.5	494.1	576.1	511.7
Stock-Based Compensation	37.4	33.1	35.1	37.6	28
Other Adjustments	1,734	77	353.8	63.6	-170.4
Changes in Other Operating Activities	-21	-155.4	-12.2	-206.2	-29.5
Operating Cash Flow	864.2	861	790.5	734.9	753.6
Operating Cash Flow Growth	0.37%	8.92%	7.57%	-2.48%	38.71%
Capital Expenditures	-460.9	-469.6	-786.4	-921	-672.6
Sale of Property, Plant & Equipment	178.8	442.9	69.6	143.5	275.9
Purchases of Investments	-	-	-	-	-35.5
Proceeds from Sale of Investments	-	-	103.6	-	-36.9
Payments for Business Acquisitions	-461.7	-22.1	-47.2	-2,214	-1,649
Proceeds from Business Divestments	-	-	-	2.7	-
Other Investing Activities	129.4	-12.2	-20.7	-74.3	-220.4
Investing Cash Flow	4,926	-267.4	-919.5	-3,063	-2,338
Short-Term Debt Issued	624.5	2,631	1,635	3,705	3,762
Short-Term Debt Repaid	-2,107	-3,286	-1,776	-2,504	-3,961
Net Short-Term Debt Issued (Repaid)	-1,482	-655.6	-140.6	1,201	-198.8
Long-Term Debt Issued	-	499.8	889.1	927.9	1,203
Long-Term Debt Repaid	-2,093	-269.2	-174.2	-400.8	-76.8
Net Long-Term Debt Issued (Repaid)	-2,093	230.6	714.9	527.1	1,126
Issuance of Common Stock	1.1	361.1	-0.6	1,210	1,076
Repurchase of Common Stock	-551.2	-7.8	-11.3	-19.3	-18.2
Net Common Stock Issued (Repurchased)	-550.1	353.3	-11.9	1,190	1,058
Common Dividends Paid	-1,044	-491.4	-475.2	-434.2	-390.8
Other Financing Activities	5,542	15.8	16.3	-35.3	-23.2
Financing Cash Flow	-5,219	-571.6	80.3	2,349	1,570
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.6	-0.8	1	-8.7	-0.2
Net Cash Flow	572.2	21.2	-47.7	12.2	-14.4
Free Cash Flow	403.3	391.4	4.1	-186.1	81
Free Cash Flow Growth	3.04%	9446.34%	-	-	1587.50%
FCF Margin	17.49%	17.31%	0.18%	-6.27%	3.56%
Free Cash Flow Per Share	3.23	3.08	0.03	-1.51	0.70
Levered Free Cash Flow	-2,188	-470.5	56.5	1,419	1,117
Unlevered Free Cash Flow	68,657	-440.58	-149.16	-30.29	264.13

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.