← EQUITY RESIDENTIAL
| 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 | $4.3b |
$603.5m
-85.94%
|
$657.5m
+8.96%
|
$970.4m
+47.58%
|
$913.6m
-5.85%
|
$1.3b
+45.88%
|
$776.9m
-41.71%
|
$835.4m
+7.53%
|
$1.0b
+23.99%
|
$1.1b
+8.13%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $4.3b |
$600.4m
-86.00%
|
$654.4m
+9.01%
|
$967.3m
+47.80%
|
$910.5m
-5.87%
|
$1.3b
+46.04%
|
$773.8m
-41.81%
|
$832.3m
+7.56%
|
$1.0b
+24.08%
|
$1.1b
+8.32%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $4.5b | $628.4m | $685.2m | $1.0b | $962.5m | $1.4b | $807.0m | $868.5m | $1.1b | $1.2b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $171.5m | $22.6m | $24.9m | $36.0m | $34.0m | $45.9m | $26.3m | $26.7m | $28.9m | $27.4m | — | |
| Amortization of Debt Issuance Costs | $12.6m | $8.5m | $11.3m | $11.7m | $8.9m | $8.7m | $8.7m | $8.9m | $7.8m | $8.8m | — | |
| Amortization of Intangible Assets | $3.4m | $3.8m | $4.4m | — | — | — | — | — | — | — | — | |
| Depreciation | $705.6m | $743.7m | $785.7m | $831.1m | $820.8m | $838.3m | $882.2m | $888.7m | $952.2m | $1.0b | $1.0b | |
| Amortization Cash Flow | — | — | — | — | — | ($154k) | $0 | $0 | — | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | ($154k) | $0 | $0 | — | — | $71k | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $894.3m | $901.5m | $966.7m | $1.0b | $1.0b | |
| Share-based Payment Arrangement, Noncash Expense | $30.5m | $25.0m | $27.1m | $24.4m | $23.2m | $27.8m | $29.5m | $31.8m | $31.3m | $32.2m | $29.8m | |
| Share-based Payment Arrangement, Expense | $30.5m | $25.0m | $27.1m | $24.4m | $23.2m | $27.8m | $29.5m | $31.8m | $31.3m | $32.2m | $29.8m | |
| Asset Impairment Charge | — | — | — | — | — | — | $4.8m | $3.6m | $5.2m | $7.7m | $7.3m | |
| Income (Loss) from Equity Method Investments | $4.8m | ($3.4m) | ($3.7m) | $65.9m | ($3.3m) | ($3.4m) | ($5.0m) | ($5.4m) | ($9.0m) | ($18.9m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $5.0m | $5.4m | $9.0m | $18.9m | $11.9m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($4.7m) | $2.2m | $39.1m | $46.3m | $7.6m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($3.5m) | $8.3m | $11.7m | $15.1m | $10.9m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($3.2m) | ($594k) | $8.5m | ($316k) | ($2.2m) | |
| Increase (Decrease) in Other Operating Assets | ($31.1m) | $449k | ($4.1m) | ($6.3m) | $53.0m | ($5.9m) | ($10.9m) | $10.2m | $11.8m | $8.7m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $10.9m | ($10.2m) | ($11.8m) | ($8.7m) | ($6.9m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($14.9m) | $3.8m | $32.8m | $33.9m | $4.3m | |
| Net Cash Provided by (Used in) Operating Activities | $1.1b |
$1.3b
+13.88%
|
$1.4b
+7.15%
|
$1.5b
+7.42%
|
$1.3b
-13.14%
|
$1.3b
-0.42%
|
$1.5b
+15.44%
|
$1.5b
+5.36%
|
$1.6b
+2.66%
|
$1.6b
+4.78%
|
$1.6b
-5.01%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($232.2m) | ($333.5m) | ($318.7m) | ($359.1m) | ($374.0m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($228.2m) | ($331.7m) | ($315.9m) | ($354.5m) | ($374.0m) | |
| Gain (Loss) on Investments | — | $0 | ($50k) | — | — | — | — | — | — | — | ($406.2m) | |
| Gain (Loss) on Sale of Investments | $58.4m | $0 | — | — | — | $23.4m | $2.1m | $1.5m | ($2.0m) | ($51k) | — | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | — | $13.5m | $19.9m | $25.4m | ($25.6m) | |
| Net Cash Provided by (Used in) Investing Activities | $5.9b | ($594.3m) | ($376.8m) | ($771.8m) | $663.6m | ($434.6m) | $107.8m | ($409.5m) | ($1.2b) | ($321.4m) | $152.7m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | ($12.3m) | ($22.1m) | ($13.6m) | ($26.1m) | — | — | — | — | — | — | |
| Repayments of Long-term Debt | — | — | — | $6.8m | $7.8m | $7.5m | $3.4m | $3.4m | $6.1m | $6.8m | ($9.8m) | |
| Issuance Of Debt | — | — | — | — | — | — | $6.1b | $6.7b | $34.1b | $48.4b | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $48.1m | $572.9m | $598.0m | $498.6m | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($792.3m) | ($938.6m) | ($9.0m) | ($497.7m) | ($9.8m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($929.3m) | ($86.5m) | $723.5m | $43.9m | ($124.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($744.3m) | ($365.7m) | $589.0m | $894k | ($9.8m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | ($185.1m) | $279.2m | $134.5m | $43.0m | ($114.3m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($7.0b) | ($6.8b) | ($33.4b) | ($48.4b) | ($9.8m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $6.0b | $6.1b | $33.5b | $47.9b | $56.0b | |
| Short Term Debt Payments | — | — | — | — | — | — | ($6.2b) | ($5.8b) | ($33.4b) | ($47.9b) | ($56.1b) | |
| Payments for Repurchase of Common Stock | $0 | — | — | — | — | — | — | $49.1m | $38.5m | $280.7m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $739 | $782 | $831 | $884 | $900 | $932 | $990 | $1k | $1k | ($1.1b) | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | — | $139.6m | — | — | — | $0 | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($931.8m) | ($990.1m) | ($1.0b) | ($1.0b) | ($1.1b) | |
| Common Stock Issuance | — | — | — | — | — | $0 | $139.6m | $0 | $0 | — | $0 | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($49.1m) | ($38.5m) | ($280.7m) | ($500.1m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $0 | $139.6m | $0 | $0 | — | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | $139.6m | ($49.1m) | ($38.5m) | ($280.7m) | ($500.1m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | ($49.1m) | ($60.0m) | ($280.7m) | ($500.1m) | |
| Dividends Payable | $192 | $193 | $207 | $218 | $232 | $234 | $245 | $259 | $263 | $268 | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($934.1m) | ($993.2m) | ($1.0b) | ($1.0b) | ($1.1b) | |
| Dividend Received CFO | — | — | — | — | — | — | $398k | $559k | $555k | $4.5m | $8.6m | |
| Dividends Received CFI | — | — | — | — | — | — | $300k | $42k | $1.4m | $13.9m | $15.6m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($2.3m) | ($3.1m) | ($2.4m) | ($1.4m) | ($1.4m) | |
| Proceeds from (Payments for) Other Financing Activities | ($49k) | ($63k) | ($78k) | ($80k) | ($63k) | ($63k) | ($63k) | ($75k) | ($94k) | ($105k) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($91.0m) | ($18.7m) | ($45.5m) | ($52.4m) | ($39.7m) | |
| Net Cash Provided by (Used in) Financing Activities | ($6.9b) |
($789.8m)
+88.63%
|
($963.9m)
-22.04%
|
($684.5m)
+28.99%
|
($1.9b)
-184.36%
|
($565.1m)
+70.97%
|
($1.8b)
-216.01%
|
($1.1b)
+37.25%
|
($377.0m)
+66.36%
|
($1.3b)
-252.49%
|
($1.7b)
-28.49%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $360.2m | $137.2m | $140.0m | $160.2m | $132.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $100.8m | — | — | — | — | — | — | — | — | $143.4m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $13.3m | $6.3m | $8.6m | $19.8m | $2.9m | $6.4m | $9.9m | $4.1m | $5.3m | $13.9m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $482.2m | $360.3m | $358.2m | $342.0m | $320.9m | $252.8m | $267.6m | $249.0m | $241.0m | $274.2m | — | |
| Income Taxes Paid, Net | $1.5m | $640k | $853k | ($585k) | ($1.0m) | $1.2m | $748k | $1.1m | $1.3m | $1.1m | — | |
| Additional Financial Items | ||||||||||||
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $43k | $0 | — | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Derivatives | — | — | — | — | ($50k) | — | — | — | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | $4.0b | $157.1m | $256.8m | $447.6m | $531.8m | $1.1b | $304.3m | $282.5m | $546.8m | $626.4m | — | |
| General and Administrative Expense | $57.8m | $52.2m | $53.8m | $52.8m | $48.3m | $56.5m | $58.7m | $60.7m | $61.7m | $65.3m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $4.3b | $600.4m | $654.4m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $4.5b | $628.4m | $685.2m | $1.0b | $962.5m | $1.4b | $807.0m | $868.5m | $1.1b | $1.2b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $518k | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $498k | $0 | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $1.6m | $478k | $878k | ($2.3m) | $852k | $915k | $900k | $1.1m | $1.3m | $1.6m | — | |
| Operating Costs and Expenses | — | — | — | — | — | — | — | — | — | $1.9m | — | |
| Operating Expenses | — | — | — | — | — | — | — | $926.7m | $961.8m | $1.0b | — | |
| Operating Lease, Lease Income | — | — | — | — | — | $2.5b | $2.7b | $2.9b | $3.0b | $3.1b | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($41.8m) | ($18.9m) | ($18.5m) | ($21.2m) | ($35.1m) | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | $0 | $125k | $125k | $7.3m | $417k | $1.4m | $603k | $9k | $583k | — | — | |
| Proceeds from Stock Options Exercised | $35.8m | $31.6m | $30.7m | $77.8m | $12.3m | $85.4m | $25.1m | $23.6m | $23.0m | $5.5m | — | |
| Realized Investment Gains (Losses) | — | — | — | — | — | — | — | $1.6m | ($2.0m) | — | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $753k | $384k | — | — | — | — | — | — | — | |
| Unrealized Gain (Loss) on Derivatives | ($74k) | — | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($1.8b) | ($1.1b) | ($377.0m) | ($1.3b) | ($1.7b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $107.8m | ($409.5m) | ($1.2b) | ($321.4m) | $152.7m | |
| Change In Account Payable | — | — | — | — | — | — | ($266k) | $8.9m | $3.2m | $15.4m | $10.9m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($223.1m) | $2.8m | $20.2m | ($1.3m) | — | |
| Change In Interest Payable | — | — | — | — | — | — | ($3.2m) | ($594k) | $8.5m | ($316k) | ($2.2m) | |
| Change In Payable | — | — | — | — | — | — | ($266k) | $8.9m | $3.2m | $15.4m | $10.9m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $2.8m | $238k | $6.4m | $6.1m | $1.5m | |
| Changes In Cash | — | — | — | — | — | — | ($223.1m) | $2.8m | $20.2m | ($1.3m) | $11.4m | |
| End Cash Position | — | — | — | — | — | — | $137.2m | $140.0m | $160.2m | $158.9m | $143.4m | |
| Financing Cash Flow | — | — | — | — | — | — | ($1.8b) |
($1.1b)
+37.25%
|
($377.0m)
+66.36%
|
($1.3b)
-252.49%
|
($1.7b)
-28.49%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.2b | $1.2b | $1.3b | $1.3b | $1.2b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($293.3m) | ($280.3m) | ($542.3m) | ($624.8m) | ($406.2m) | |
| Investing Cash Flow | — | — | — | — | — | — | $107.8m | ($409.5m) | ($1.2b) | ($321.4m) | $152.7m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($159.7m) | ($47.9m) | ($109.7m) | ($254.1m) | ($144.4m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $497.9m | ($28.7m) | ($764.5m) | $333.9m | $697.1m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $1.5m | $542k | $15.0m | $790k | $15.0m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($4.0m) | ($1.9m) | ($2.8m) | ($4.6m) | ($5.5m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | ($21.6m) | $0 | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($288.2m) | ($274.9m) | ($533.3m) | ($605.8m) | ($394.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | $13.7m | $13.0m | $13.0m | $14.0m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | $0 | $0 | ($21.6m) | $0 | $0 | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $29.2m | $27.1m | $26.5m | $8.2m | $9.9m | |
| Purchase Of Business | — | — | — | — | — | — | ($159.7m) | ($50.0m) | ($109.7m) | ($254.1m) | ($144.4m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($2.1m) | ($2.5m) | $0 | ($250k) | ($250k) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($222.4m) | ($402.7m) | ($1.7b) | ($773.4m) | ($250k) | |
| Purchase Of PPE | — | $1.5m | $4.5m | — | — | — | ($4.0m) | ($1.9m) | ($2.8m) | ($4.6m) | ($374.0m) | |
| Sale Of Business | — | — | — | — | — | $0 | $0 | $2.1m | $0 | — | $0 | |
| Sale Of Investment | — | — | — | — | — | — | $3.6m | $3.0m | $15.0m | $1.0m | $15.3m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $720.3m | $374.0m | $960.4m | $1.1b | $15.3m | |
| Stock Based Compensation | — | — | — | — | — | — | $29.5m | $31.8m | $31.3m | $32.2m | $29.8m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($2.1m) | ($13.5m) | ($19.9m) | ($25.4m) | ($25.6m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.