American Homes 4 Rent (AMH)

American Homes 4 Rent Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	533.52	513.39	468.14	432.14	310.03	210.56
Depreciation & Amortization	506.76	504.34	477.01	456.55	426.53	372.85
Stock-Based Compensation	24.91	25.82	30.98	25.37	27.31	17.79
Other Adjustments	-235.82	-217.72	-205.99	-195.44	-122.14	-42.52
Change in Receivables	-0.44	1.31	-1.71	0.88	-8.15	-4.89
Changes in Accounts Payable	18.22	18.16	34.36	44.26	43.62	44.51
Changes in Other Operating Activities	11.66	33.85	-23.66	-7.5	-11.67	-3.11
Operating Cash Flow	843.98	864.33	811.54	738.69	665.52	595.2
Operating Cash Flow Growth	1.30%	6.50%	9.86%	11.00%	11.81%	25.54%
Capital Expenditures	-935	-992.95	-1,498	-1,167	-1,753	-1,845
Sale of Property, Plant & Equipment	686.67	630.35	573.18	469.46	292.51	132.07
Other Investing Activities	35.67	34.43	98.51	4.9	35.38	-20.99
Investing Cash Flow	-210.22	-328.17	-825.88	-692.58	-1,426	-1,733
Short-Term Debt Issued	390	770	400	200	620	1,410
Short-Term Debt Repaid	-205	-410	-490	-240	-840	-1,060
Net Short-Term Debt Issued (Repaid)	185	360	-90	-40	-220	350
Long-Term Debt Issued	323.19	646.39	1,594	-	876.81	737.2
Long-Term Debt Repaid	-429.19	-925.79	-952.19	-24.47	-22.58	-24.31
Net Long-Term Debt Issued (Repaid)	-106	-279.4	641.86	-24.47	854.23	712.88
Issuance of Common Stock	6.01	6.07	149.5	405.14	566.41	733.04
Repurchase of Common Stock	-125.82	-161.94	-9.02	-3.97	-4.81	-2.68
Net Common Stock Issued (Repurchased)	-119.81	-155.88	140.48	401.17	561.6	730.35
Repurchase of Preferred Stock	-	-	-	-	-155	-498.75
Net Preferred Stock Issued (Repurchased)	-	-	-	-	-155	-498.75
Common Dividends Paid	-455.37	-446.29	-383.54	-319.5	-252.51	-146.24
Preferred Share Dividends Paid	-13.94	-13.94	-13.94	-13.94	-17.08	-37.92
Other Financing Activities	-99.92	-120.17	-152.17	-45.47	14.94	-45.37
Financing Cash Flow	-644.45	-655.69	142.7	-42.21	786.18	1,065
Net Cash Flow	-10.69	-119.53	128.36	3.9	26.19	-73.31
Free Cash Flow	-91.01	-128.62	-686.03	-428.26	-1,088	-1,249
FCF Margin	-4.89%	-6.95%	-39.68%	-26.38%	-72.99%	-95.82%
Free Cash Flow Per Share	-0.25	-0.35	-1.86	-1.18	-3.08	-3.84
Levered Free Cash Flow	137.46	83.03	-59.52	-371.88	-409.91	-232.13
Unlevered Free Cash Flow	61.89	15.26	-618.04	-320.92	-993.35	-1,159

Updated May 7, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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