Invitation Homes Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	584.69	589.91	455.37	521.03	384.8	262.78
Depreciation & Amortization	756.93	746.93	714.33	674.29	638.11	592.14
Stock-Based Compensation	28.37	27.83	27.92	29.5	28.96	27.17
Other Adjustments	-180.78	-176.03	-136.7	-129.7	-17.9	0.82
Changes in Accounts Payable	15.97	19.61	46.5	24.38	-5.99	32.89
Changes in Other Operating Activities	-6.42	-2.02	-25.61	-12.41	-4.4	-8.13
Operating Cash Flow	1,199	1,206	1,082	1,107	1,024	907.66
Operating Cash Flow Growth	7.34%	11.50%	-2.28%	8.16%	12.77%	30.28%
Capital Expenditures	-822.41	-1,044	-987.94	-1,215	-930.61	-1,427
Sale of Property, Plant & Equipment	520.6	498.11	585.18	488.06	240.03	231.68
Purchases of Investments	-2.32	-2.89	-4.72	-33.58	-15.83	-8.48
Proceeds from Sale of Investments	-	-	32.2	0.86	76.31	119.92
Payments for Business Acquisitions	-91.08	-	-	-	-	-
Other Investing Activities	-80.96	-103.61	-90.59	-14.28	-184.32	-75.48
Investing Cash Flow	-590.63	-652.57	-465.87	-773.55	-814.41	-1,160
Short-Term Debt Issued	860	545	750	150	130	400
Short-Term Debt Repaid	-770	-970	-180	-150	-130	-400
Net Short-Term Debt Issued (Repaid)	90	-425	570	0	0	0
Long-Term Debt Issued	-	596.86	2,244	790.14	1,323	1,938
Long-Term Debt Repaid	-1.01	-3.8	-3,146	-20.73	-1,412	-1,767
Net Long-Term Debt Issued (Repaid)	-1.01	593.06	-901.47	769.42	-88.82	171.17
Issuance of Common Stock	-	-	-	-	98.37	933.79
Repurchase of Common Stock	-452.12	-58.97	-10.89	-8.15	-12.87	-9.41
Net Common Stock Issued (Repurchased)	-452.12	-58.97	-10.89	-8.15	85.5	924.38
Common Dividends Paid	-719.12	-712.84	-689.24	-638.13	-539.03	-393.81
Other Financing Activities	-15.19	-14.75	-62.11	-13.12	-31.76	-42.75
Financing Cash Flow	-553.79	-618.49	-1,094	110.02	-574.11	658.99
Net Cash Flow	54.35	-64.83	-477.79	443.56	-364.93	407.09
Free Cash Flow	376.36	162.06	93.87	-107.53	92.98	-519.54
Free Cash Flow Growth	132.24%	72.64%	-	-	-	-
FCF Margin	13.49%	5.94%	3.58%	-4.42%	4.15%	-26.02%
Free Cash Flow Per Share	0.62	0.26	0.15	-0.18	0.15	-0.90
Levered Free Cash Flow	614.31	475.38	-131.03	759.83	-9.03	-378.04
Unlevered Free Cash Flow	676.79	461.3	405.6	162.55	320.12	-268.08

SEC Filings: 10-K · 10-Q