Invitation Homes Inc. (INVH)

Invitation Homes Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	545.01	453.92	519.47	383.33	261.43	196.21
Depreciation & Amortization	730.99	714.33	674.29	638.11	592.14	552.53
Other Amortization	23.92	21.36	18.2	16.67	19.37	31.29
Gain (Loss) on Sale of Assets	-269.04	-244.55	-183.54	-90.7	-60.01	-54.59
Gain (Loss) on Sale of Investments	0.56	-1.05	-0.35	3.94	9.42	-29.72
Asset Writedown	0.55	0.51	0.43	0.31	0.65	4.58
Stock-Based Compensation	31.15	27.92	29.5	28.96	27.17	17.09
Income (Loss) on Equity Investments	30.55	31.06	20.62	11.43	1.98	-
Change in Accounts Payable	-6.44	46.5	24.38	-5.99	32.89	-27.04
Change in Other Net Operating Assets	4.39	-25.61	-12.41	-4.4	-8.13	-19.01
Other Operating Activities	37.77	57.42	16.51	41.92	30.76	25.39
Operating Cash Flow	1,129	1,082	1,107	1,024	907.66	696.71
Operating Cash Flow Growth	-1.25%	-2.28%	8.16%	12.77%	30.28%	5.22%
Acquisition of Real Estate Assets	-1,265	-987.94	-1,221	-930.61	-1,427	-893.66
Sale of Real Estate Assets	643.05	585.18	494.42	240.03	231.68	414.93
Net Sale / Acq. of Real Estate Assets	-621.97	-402.76	-726.56	-690.57	-1,196	-478.73
Investment in Marketable & Equity Securities	32.87	1.98	-19.93	-101.13	48.33	55.76
Other Investing Activities	-93.49	-65.09	-27.06	-22.71	-12.37	-2.19
Investing Cash Flow	-682.59	-465.87	-773.55	-814.41	-1,160	-425.16
Short-Term Debt Issued	-	-	-	-	400	320
Long-Term Debt Issued	-	2,994	940.14	1,453	1,938	2,500
Total Debt Issued	3,264	2,994	940.14	1,453	2,338	2,820
Short-Term Debt Repaid	-	-	-	-	-400	-320
Long-Term Debt Repaid	-	-3,326	-170.73	-1,542	-1,767	-2,935
Total Debt Repaid	-3,619	-3,326	-170.73	-1,542	-2,167	-3,255
Net Debt Issued (Repaid)	-354.74	-331.47	769.42	-88.82	171.17	-434.73
Issuance of Common Stock	-	-	-	98.37	933.79	686.72
Repurchase of Common Stock	-5.79	-10.89	-8.15	-12.87	-9.41	-4.43
Common Dividends Paid	-701.11	-689.24	-638.13	-539.03	-393.81	-332.15
Total Dividends Paid	-701.11	-689.24	-638.13	-539.03	-393.81	-332.15
Other Financing Activities	-64.62	-62.11	-13.12	-31.76	-42.75	-61.45
Net Cash Flow	-679.45	-477.79	443.56	-364.93	407.09	125.52
Cash Interest Paid	317.37	321.33	290.65	275.73	285.5	313.08
Cash Income Tax Paid	0.13	0.16	0.25	1.53	0.81	1.28
Levered Free Cash Flow	984.69	971.91	913.25	855.22	777.4	682.92
Unlevered Free Cash Flow	1,184	1,179	1,103	1,029	959.7	872.83
Change in Working Capital	-2.06	20.89	11.97	-10.39	24.76	-46.05

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q