← AVALONBAY COMMUNITIES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $1.0b |
$876.9m
-15.19%
|
$974.5m
+11.13%
|
$786.0m
-19.35%
|
$827.6m
+5.30%
|
$1.0b
+21.35%
|
$1.1b
+13.19%
|
$928.8m
-18.29%
|
$1.1b
+16.49%
|
$1.1b
-2.84%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.0b | $876.7m | $974.2m | $786.1m | $827.7m | $1.0b | $1.1b | $928.4m | $1.1b | $1.1b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($294k) | ($261k) | ($350k) | $129k | $76k | $57k | ($337k) | ($387k) | $181k | $5.3m | — | |
| Amortization of Debt Issuance Costs | $7.7m | $7.7m | $7.9m | $7.3m | $7.5m | $7.5m | $8.4m | $12.7m | $13.3m | $13.7m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | — | — | — | $10.1m | $11.2m | $12.7m | $13.3m | $13.7m | — | |
| Depreciation | $531.4m | $584.1m | $631.2m | $661.6m | $707.3m | $758.6m | $815.0m | $817.0m | $846.9m | $913.4m | $929.8m | |
| Share-based Payment Arrangement, Noncash Expense | $15.1m | $17.9m | $20.3m | $25.6m | $21.6m | $25.5m | $33.9m | $27.1m | $25.4m | $26.5m | $26.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $8.6m | $10.4m | $10.6m | $16.1m | $14.9m | $13.5m | $17.0m | $10.6m | $16.9m | $16.7m | — | |
| Share-based Payment Arrangement, Expense | $14.7m | $17.1m | $19.7m | $24.9m | $21.1m | $25.1m | $34.1m | $27.4m | $25.4m | $26.6m | $26.1m | |
| Income (Loss) from Equity Method Investments | $65.0m | $70.7m | $15.3m | $8.7m | $6.4m | $38.6m | $53.4m | $13.5m | $50.7m | ($23.6m) | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $196.7m | $136.3m | $54.2m | $21.7m | — | — | — | — | — | — | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | ($3.2m) | ($16.6m) | ($33.5m) | ($18.3m) | ($10.8m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $5.3m | $5.3m | ($21.7m) | ($23.6m) | ($23.0m) | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($8.9m) | $19.8m | ($6.6m) | ($12.3m) | ($8.7m) | $108k | ($5.3m) | ($5.3m) | ($21.7m) | ($23.6m) | — | |
| Change In Working Capital | — | — | — | — | — | — | $10.0m | $17.8m | $6.8m | $13.7m | $22.0m | |
| Change In Receivables | — | — | — | — | — | — | — | ($5.8m) | ($14.6m) | ($26.1m) | ($28.1m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $17.2m | $12.0m | $37.9m | $43.0m | $38.0m | |
| Change In Accrued Expense | — | — | — | — | — | — | $17.2m | $12.0m | $37.9m | $43.0m | $38.0m | |
| Gain (Loss) on Disposition of Other Assets | $10.2m | ($10.9m) | $345k | $439k | $440k | $2.1m | $5.0m | $174k | $753k | $4.1m | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.1b |
$1.3b
+9.86%
|
$1.3b
+3.57%
|
$1.3b
+1.59%
|
$1.2b
-7.73%
|
$1.2b
-1.35%
|
$1.4b
+18.18%
|
$1.6b
+9.71%
|
$1.6b
+3.07%
|
$1.7b
+3.93%
|
$1.7b
-0.64%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | $5.9m | $8.8m | $3.3m | $5.3m | — | — | ($174.7m) | ($197.3m) | ($198.0m) | ($264.9m) | ($291.6m) | |
| Net Other Investing Changes | — | — | — | — | — | — | ($16.3m) | ($67.6m) | ($91.6m) | ($2.7m) | ($3.8m) | |
| Net Cash Provided by (Used in) Investing Activities | ($1.0b) | ($965.4m) | ($596.7m) | ($1.2b) | ($179.4m) | ($624.1m) | ($560.4m) | ($929.0m) | ($996.9m) | ($1.4b) | ($1.0b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($7.1m) | ($25.5m) | ($17.5m) | ($602k) | ($9.3m) | ($17.8m) | ($1.6m) | ($150k) | $0 | $0 | — | |
| Issuance Of Debt | — | — | — | — | — | — | $348.6m | $399.8m | $398.8m | $2.1b | $897.3m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $348.6m | $399.8m | $398.8m | $1.3b | $897.3m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($143.3m) | ($797.0m) | ($309.8m) | ($836.5m) | ($787.2m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $205.2m | ($397.2m) | $89.0m | $1.3b | $360.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $205.2m | ($397.2m) | $89.0m | $510.8m | $110.1m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | — | $0 | $0 | $739.6m | $250.8m | |
| Repayment Of Debt | — | — | — | — | — | — | ($143.3m) | ($797.0m) | ($309.8m) | ($836.5m) | ($787.2m) | |
| Payments for Repurchase of Common Stock | — | — | — | $0 | $183.9m | $0 | $0 | $1.9m | $0 | $488.1m | — | |
| Proceeds from Issuance of Common Stock | $15.5m | $111.1m | $52.3m | $409.7m | $3.5m | $31.9m | $20.0m | $496.7m | $10.5m | $86.6m | $693.1m | |
| Common Stock Issuance | — | — | — | — | — | — | $20.0m | $496.7m | $10.5m | $86.6m | $693.1m | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($1.9m) | $0 | ($488.1m) | ($686.6m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $20.0m | $496.7m | $10.5m | $86.6m | $693.1m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $20.0m | $494.8m | $10.5m | ($401.5m) | $6.5m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($1.9m) | $0 | ($488.1m) | ($686.6m) | |
| Dividends paid | $726.7m | $772.7m | $805.2m | $839.6m | ($883.2m) | ($888.3m) | ($889.6m) | ($922.7m) | ($961.9m) | ($992.3m) | ($998.5m) | |
| Dividends Payable | $185.4m | $196.1m | $204.2m | $215.4m | $224.9m | $225.4m | $226.0m | $238.1m | $245.0m | $250.5m | — | |
| Dividends Received CFI | — | — | — | — | — | — | $51.5m | $5.5m | $11.2m | $7.5m | $7.7m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($6.7m) | ($9.3m) | ($12.5m) | ($49.4m) | ($43.6m) | |
| Net Cash Provided by (Used in) Financing Activities | ($291.6m) |
($418.9m)
-43.65%
|
($688.5m)
-64.34%
|
($218.2m)
+68.31%
|
($854.3m)
-291.53%
|
($348.9m)
+59.16%
|
($671.1m)
-92.36%
|
($834.4m)
-24.34%
|
($874.9m)
-4.86%
|
($192.7m)
+77.97%
|
($674.7m)
-250.06%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | ($128.1m) | $16.0m | ($90.2m) | $185.9m | $230.3m | $190.5m | ($203.3m) | ($263.9m) | $86.0m | $246.1m | |
| Beginning Cash Position | — | — | — | — | — | — | $543.8m | $734.2m | $531.0m | $267.1m | $295.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($175.4m) | $201.9m | $217.9m | $127.6m | $313.5m | $543.8m | $734.2m | $531.0m | $267.1m | $353.1m | $246.1m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $16.2m | $17.6m | $16.3m | $10.9m | $11.3m | $8.9m | $14.3m | $4.0m | $3.8m | $23.1m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $194.1m | $207.8m | $201.7m | $187.6m | $196.8m | $203.8m | $212.2m | $187.5m | $213.3m | $236.5m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Real Estate, Discontinued Operations | $0 | ($281.7m) | ($386.0m) | ($172.3m) | ($346.0m) | ($627.6m) | ($598.7m) | ($288.0m) | ($364.2m) | ($340.0m) | — | |
| Gain (Loss) on Sale of Properties | $442.9m | $281.7m | $386.0m | $172.3m | $346.0m | $627.6m | $598.7m | $288.0m | $364.2m | $340.0m | — | |
| Gains (Losses) on Sales of Investment Real Estate | $374.6m | $252.6m | $375.0m | $166.1m | $340.4m | $602.2m | $555.6m | $287.4m | $363.3m | $335.7m | — | |
| General and Administrative Expense | $45.8m | $50.7m | $56.4m | $58.0m | $60.3m | $69.6m | $74.1m | $76.5m | $77.7m | $86.7m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $1.0b | — | — | — | — | ($108k) | $5.3m | $5.3m | ($21.7m) | ($23.6m) | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | ($108k) | $5.3m | $5.3m | ($21.7m) | ($23.6m) | — | |
| Income Tax Expense (Benefit) | $305k | $141k | ($160k) | $13.0m | ($3.2m) | $5.7m | $14.6m | $10.2m | $445k | ($1.1m) | — | |
| Operating Expenses | $1.5b | $1.6b | $1.7b | $1.7b | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | $16.0m | $15.5m | $15.7m | $16.3m | $16.3m | $14.8m | — | |
| Operating Lease, Lease Income | — | — | — | $2.3b | $2.3b | $2.3b | $2.6b | $2.8b | $2.9b | $3.0b | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($6.4m) | ($7.1m) | — | — | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | $456k | — | — | — | — | — | — | — | |
| Proceeds from (Payments to) Noncontrolling Interests | — | — | — | — | ($68k) | ($55k) | ($997k) | — | — | — | — | |
| Real Estate Tax Expense | $204.8m | $221.4m | $241.6m | $253.0m | $273.2m | $283.1m | $289.0m | $306.8m | $327.6m | $342.7m | — | |
| Unrealized Gain (Loss) on Derivatives | — | — | — | — | $2.9m | $2.7m | $0 | $0 | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($671.1m) | ($834.4m) | ($874.9m) | ($192.7m) | ($674.7m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($560.4m) | ($929.0m) | ($996.9m) | ($1.4b) | ($1.0b) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $190.5m | ($203.3m) | ($263.9m) | $86.0m | — | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($7.2m) | $11.6m | ($16.6m) | ($3.2m) | $12.2m | |
| Changes In Cash | — | — | — | — | — | — | $190.5m | ($203.3m) | ($263.9m) | $86.0m | ($49.3m) | |
| End Cash Position | — | — | — | — | — | — | $734.2m | $531.0m | $267.1m | $353.1m | $246.1m | |
| Financing Cash Flow | — | — | — | — | — | — | ($671.1m) |
($834.4m)
-24.34%
|
($874.9m)
-4.86%
|
($192.7m)
+77.97%
|
($674.7m)
-250.06%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.2b | $1.4b | $1.4b | $1.4b | $1.4b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($597.1m) | ($286.6m) | ($364.6m) | ($341.2m) | ($361.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($560.4m) | ($929.0m) | ($996.9m) | ($1.4b) | ($1.0b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($14.3m) | ($18.9m) | ($14.2m) | ($40.0m) | ($40.4m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($406.7m) | ($650.6m) | ($704.2m) | ($1.1b) | ($706.9m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($590.2m) | ($281.1m) | ($386.3m) | ($364.9m) | ($384.5m) | |
| Other Non Cash Items | — | — | — | — | — | — | $16.8m | $50.8m | $33.0m | $25.8m | — | |
| Purchase Of Business | — | — | — | — | — | — | ($14.3m) | ($18.9m) | ($14.2m) | ($40.0m) | ($23.2m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($1.5b) | ($1.1b) | ($1.4b) | ($1.9b) | ($1.6b) | |
| Sale Of Investment Properties | — | — | — | — | — | — | $1.1b | $467.1m | $711.3m | $799.4m | $901.7m | |
| Stock Based Compensation | — | — | — | — | — | — | $33.9m | $27.1m | $25.4m | $26.5m | $26.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.