Apartment Income REIT Cash Flow Statement

Financials in millions JPY. Fiscal year is April - March.

Millions JPY. Fiscal year is Apr - Mar.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	2017 - 2021
Period Ending	Jun '25 Jun 30, 2025	Mar '25 Mar 31, 2025	Mar '24 Mar 31, 2024	Mar '23 Mar 31, 2023	Mar '22 Mar 31, 2022	Mar '21 Mar 31, 2021	2017 - 2021
Net Income	10,847	12,593	12,580	4,760	3,125	1,507	Upgrade
Depreciation & Amortization	674.36	706	614	576	538	533	Upgrade
Loss (Gain) From Sale of Assets	-	-	-	511	-	25	Upgrade
Loss (Gain) From Sale of Investments	515.19	488	-96	-542	-669	-	Upgrade
Other Operating Activities	-5,196	-5,491	-1,713	-1,801	-419	-878	Upgrade
Change in Accounts Receivable	2,640	1,797	-1,588	-1,306	327	1,496	Upgrade
Change in Inventory	2,276	2,688	-6,004	-2,793	65	427	Upgrade
Change in Accounts Payable	-2,052	-2,711	1,480	1,536	155	-628	Upgrade
Change in Other Net Operating Assets	774.61	581	1,174	2	445	117	Upgrade
Operating Cash Flow	10,479	10,651	6,447	943	3,567	2,599	Upgrade
Operating Cash Flow Growth	74.13%	65.21%	583.67%	-73.56%	37.24%	-38.37%	Upgrade
Capital Expenditures	-847.59	-845	-1,340	-1,782	-1,976	-100	Upgrade
Sale of Property, Plant & Equipment	-	-	-	9	-	7	Upgrade
Investment in Securities	412.13	568	-282	-498	2,522	-395	Upgrade
Other Investing Activities	-247.68	-281	-14	163	-216	-188	Upgrade
Investing Cash Flow	-683.13	-558	-1,636	-2,106	423	-590	Upgrade
Issuance of Common Stock	26.15	760	3,439	-	-	-	Upgrade
Repurchase of Common Stock	-	-	-1	-996	-126	-	Upgrade
Dividends Paid	-	-3,820	-1,625	-1,170	-1,175	-1,168	Upgrade
Other Financing Activities	227.34	-9	-	3	6	-	Upgrade
Financing Cash Flow	-3,567	-3,069	1,813	-2,163	-1,295	-1,168	Upgrade
Foreign Exchange Rate Adjustments	-29.61	-4	28	23	78	17	Upgrade
Miscellaneous Cash Flow Adjustments	-1	-1	1	-	2	-1	Upgrade
Net Cash Flow	6,199	7,019	6,653	-3,303	2,775	857	Upgrade
Free Cash Flow	9,631	9,806	5,107	-839	1,591	2,499	Upgrade
Free Cash Flow Growth	129.26%	92.01%	-	-	-36.34%	72.23%	Upgrade
Free Cash Flow Margin	25.78%	23.21%	13.96%	-4.12%	10.53%	16.93%	Upgrade
Free Cash Flow Per Share	522.23	535.22	295.68	-50.73	94.53	149.64	Upgrade
Cash Income Tax Paid	3,627	5,494	1,711	1,829	545	882	Upgrade
Levered Free Cash Flow	7,618	7,559	3,999	-1,194	1,603	2,285	Upgrade
Unlevered Free Cash Flow	7,618	7,559	3,999	-1,194	1,603	2,285	Upgrade
Change in Working Capital	3,638	2,355	-4,938	-2,561	992	1,412	Upgrade

Updated Jan 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.