AvalonBay Communities, Inc. (AVB) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 418.93M | 400.43M | 476.96M | 377.81M | 415.9M | 328.81M | 486.17M | 379.99M | 412.9M | 346.27M | 471.26M | 346.46M | 396.12M | 341.49M | 440.39M | 296.37M | 343.68M | 291.43M | 343.11M | 238.48M |
| Operating CF Growth % | 0.73% | 21.78% | -1.89% | -0.57% | 0.73% | -5.04% | 3.16% | 9.68% | 4.24% | 1.4% | 7.01% | 16.9% | 15.26% | 17.18% | 28.35% | 24.27% | 4.1% | 13.16% | 2.99% | -16.97% |
| Operating CF / Revenue % | 54.39% | 52.15% | 62.35% | 49.7% | 55.76% | 44.4% | 66.21% | 52.34% | 57.92% | 49.14% | 67.55% | 50.15% | 58.71% | 50.99% | 66.2% | 45.98% | 55.98% | 48.47% | 59.08% | 42.45% |
| Net Income | 328.29M | 165.99M | 384.16M | 269.86M | 236.6M | 282.09M | 372.52M | 254.01M | 173.56M | 241.53M | 171.79M | 367.81M | 146.78M | 241.16M | 494.63M | 138.57M | 262.08M | 335.3M | 78.85M | 447.98M |
| Depreciation & Amortization | 233.1M | 233.39M | 230.37M | 231.73M | 217.89M | 215.54M | 212.12M | 206.92M | 212.27M | 210.69M | 200.98M | 200.55M | 204.74M | 207.23M | 206.66M | 199.3M | 201.79M | 197.04M | 193.79M | 184.47M |
| Stock-Based Compensation | 5.7M | 5.19M | 7.15M | 8.46M | 5.66M | 5.13M | 6.75M | 7.62M | 5.87M | 5.29M | 6.73M | 7.19M | 7.92M | 7.09M | 9.09M | 10.71M | 6.97M | 4.84M | 7.47M | 7.8M |
| Other Non-Cash Items | -161.48M | 31.14M | -214.81M | -93.72M | -45.86M | -102.41M | -191.36M | -62.92M | 3.41M | 366.45M | 23.82M | 4.38M | 7.21M | -78.27M | -352.43M | 3.38M | -145.21M | 1.55M | 4.49M | 3.79M |
| Working Capital Changes | 13.32M | -35.27M | 70.08M | -38.51M | 1.62M | -71.54M | 86.14M | -25.64M | 17.8M | -51.02M | 87.49M | -48.14M | 29.47M | -35.72M | 82.44M | -54.77M | 18.06M | -28.9M | 40.12M | -50.43M |
| Cash from Investing | -48.98M | -467.29M | -101.87M | -395.35M | -427.87M | -314.27M | -218.79M | -197.99M | -265.82M | -347.8M | -284.99M | -30.54M | -267.34M | -211.93M | 8.02M | -266.31M | -90.2M | -308.3M | -404.96M | 245.16M |
| Acquisitions (Net) | 0 | -8.95M | 6.55M | -4.16M | -2.4M | -4.81M | -4.43M | -2.85M | -2.08M | -1.63M | -4.71M | -3.33M | -5.6M | -2.77M | -3.45M | -4.45M | -16K | -10K | -274.17M | -118.57M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -383.25M | -346.98M | -240.18M | -249M | -332.95M | -575.39M | -262.26M | -331.06M | -572.06M | 0 | 0 |
| Sale of Investments | 330.56M | 7.5M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 107.64M | 106.57M | 249.17M | 3.96M | 171.56M | 573.99M | 40.18M | 269.68M | 299.92M | 0 | 0 |
| Other Investing | -42.72M | -306.3M | -219.33M | -328.9M | -376.84M | -252.43M | -160.41M | -146.79M | -225.04M | -8.05M | 13.04M | 11.17M | 17.78M | 3.46M | 66.33M | -1.7M | 3.12M | 5.75M | -128.68M | 364.08M |
| Cash from Financing | -431.94M | 98.05M | -348.57M | 93.8M | -36.01M | -539.94M | -240.26M | 159.8M | -254.5M | -247.62M | -353.17M | 255.01M | -486.96M | 117.56M | -221.48M | -227.28M | -339.86M | 124.81M | 10.59M | -226.27M |
| Dividends Paid | -249.3M | -249.45M | -250.23M | -248.97M | -243.68M | -241.78M | -241.6M | -241.53M | -237M | -234.17M | -234.16M | -230.86M | -223.47M | -222.21M | -222.17M | -222.27M | -223.16M | -222.01M | -221.85M | -221.93M |
| Common Dividends | -249.3M | -249.45M | -250.23M | -248.97M | -243.68M | -241.78M | -241.6M | -241.53M | -237M | -234.17M | -234.16M | -230.86M | -223.47M | -222.21M | -222.17M | -222.16M | -223.06M | -221.92M | -221.85M | -221.84M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -800K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K |
| Share Repurchases | -198.48M | -336.27M | -151.85M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -782K | -1.13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -13.29M | 172K | 81.02M | -16.72M | -16.79M | -802K | -768K | 6.11M | -17.06M | 9.49M | 116K | -1.67M | -11.6M | 23.33M | -589K | -603K | -16.89M | -3.65M | -2.97M | -545K |
| Net Change in Cash | -61.99M | 31.19M | 26.52M | 76.27M | -47.97M | -525.4M | 27.12M | 341.8M | -107.41M | -249.15M | -166.89M | 570.93M | -358.18M | 247.12M | 226.94M | -197.22M | -86.38M | 107.94M | -51.26M | 257.37M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 353.08M | 321.89M | 295.37M | 219.11M | 267.08M | 792.48M | 765.35M | 423.55M | 530.96M | 780.11M | 947M | 376.06M | 734.25M | 487.13M | 260.19M | 457.41M | 543.79M | 435.85M | 487.11M | 229.73M |
| Cash at End | 291.09M | 353.08M | 321.89M | 295.37M | 219.11M | 267.08M | 792.48M | 765.35M | 423.55M | 530.96M | 780.11M | 947M | 376.06M | 734.25M | 487.13M | 260.19M | 457.41M | 543.79M | 435.85M | 487.11M |
| Free Cash Flow | 358.97M | 240.89M | 587.87M | 315.52M | 367.28M | 271.77M | 432.22M | 331.64M | 374.21M | 283.76M | 418.36M | 299.09M | 361.64M | 290.27M | 386.93M | 258.29M | 311.74M | 248.5M | 292.54M | 209M |
| FCF Growth % | -2.26% | -11.36% | 36.01% | -4.86% | -1.85% | -4.22% | 3.31% | 10.88% | 3.48% | -2.24% | 8.12% | 15.8% | 16.01% | 16.81% | 32.27% | 23.59% | 3.95% | 11.9% | -1.8% | -20.98% |
| FCF / Revenue % | 46.6% | 31.37% | 76.85% | 41.51% | 49.24% | 36.7% | 58.86% | 45.68% | 52.49% | 40.27% | 59.97% | 43.29% | 53.6% | 43.34% | 58.16% | 40.07% | 50.78% | 41.33% | 50.37% | 37.21% |