AvalonBay Communities, Inc. (AVB)

AvalonBay Communities Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	1,057	1,082	928.44	1,136	1,004
Depreciation & Amortization	913.38	846.85	816.97	814.98	758.6
Stock-Based Compensation	26.46	25.37	27.14	33.86	25.51
Other Adjustments	-339.05	-353.29	-230.31	-573.36	-595.28
Changes in Other Operating Activities	13.72	6.76	17.8	10.01	10
Operating Cash Flow	1,671	1,608	1,560	1,422	1,203
Operating Cash Flow Growth	3.93%	3.07%	9.71%	18.18%	-1.35%
Capital Expenditures	-2,157	-1,614	-1,315	-1,633	-1,580
Sale of Property, Plant & Equipment	799.42	711.28	467.1	1,051	974.76
Purchases of Investments	-40.01	-14.18	-18.86	-14.27	-53.54
Proceeds from Sale of Investments	7.5	11.18	5.47	51.46	63.17
Other Investing Activities	-2.72	-91.6	-67.65	-16.25	-28.66
Investing Cash Flow	-1,392	-996.86	-928.96	-560.42	-624.05
Net Short-Term Debt Issued (Repaid)	739.61	-	-	-	-
Long-Term Debt Issued	1,347	398.79	399.76	348.57	1,099
Long-Term Debt Repaid	-836.47	-309.79	-797	-143.33	-571.71
Net Long-Term Debt Issued (Repaid)	510.85	89	-397.24	205.23	526.93
Issuance of Common Stock	86.65	10.54	496.71	20.02	31.87
Repurchase of Common Stock	-488.12	-1.91	-	-	-
Net Common Stock Issued (Repurchased)	-401.47	8.62	496.71	20.02	31.87
Common Dividends Paid	-992.33	-961.91	-922.66	-889.61	-888.34
Other Financing Activities	-49.38	-12.51	-9.25	-6.7	-19.33
Financing Cash Flow	-192.73	-874.9	-834.36	-671.06	-348.86
Net Cash Flow	86.01	-263.88	-203.29	190.46	230.26
Free Cash Flow	-485.45	-5.67	245.02	-210.81	-376.62
FCF Margin	-15.97%	-0.19%	8.85%	-8.13%	-16.41%
Free Cash Flow Per Share	-3.40	-0.04	1.73	-1.51	-2.70
Levered Free Cash Flow	1,072	411.06	51.33	534.25	720.04
Unlevered Free Cash Flow	-322.8	134.91	372.56	-29.25	-201.4

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

SEC Filings: 10-K · 10-Q