← SUN 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 | $26.3m |
$72.2m
+174.30%
|
$107.2m
+48.55%
|
$161.6m
+50.66%
|
$131.6m
-18.53%
|
— | $242.0m |
($206.9m)
-185.50%
|
$103.6m
+150.07%
|
$1.4b
+1264.77%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $17.4m |
$65.0m
+274.35%
|
$105.5m
+62.24%
|
$160.3m
+51.92%
|
$131.6m
-17.88%
|
$380.2m
+188.84%
|
$242.0m
-36.34%
|
($213.3m)
-188.14%
|
$89.0m
+141.73%
|
$1.4b
+1429.44%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $31.5m | $81.8m | $120.2m | $177.4m | $147.5m | $413.7m | $263.8m | ($209.1m) | $107.1m | $1.4b | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | $9.8m | ($8.9m) | ($21.5m) | $10.8m | ($8.1m) | $5.3m | $56.4m | — | |
| Depreciation, Depletion and Amortization | $221.8m | $261.5m | $287.3m | $328.1m | $376.9m | $522.7m | $604.8m | $660.0m | $680.7m | $507.9m | $507.9m | |
| Amortization of Debt Issuance Costs and Discounts | $2.2m | $2.9m | $3.9m | $3.0m | $3.1m | $4.9m | — | — | — | — | — | |
| Amortization of Intangible Assets | $12.7m | $14.9m | $14.2m | $15.7m | $21.4m | $43.5m | $36.9m | $37.1m | $31.5m | $12.9m | — | |
| Amortization Cash Flow | — | — | — | — | — | ($2.9m) | $0 | ($800k) | — | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | ($2.9m) | $0 | ($800k) | — | — | ($800k) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $576.1m | $494.1m | $490.5m | $507.9m | $507.9m | |
| Depreciation, Amortization and Accretion, Net | $218.7m | $256.2m | $274.4m | $314.0m | $371.9m | $511.7m | $579.1m | $642.0m | $667.1m | $507.9m | $507.9m | |
| Deferred Income Tax Expense (Benefit) | ($400k) | ($582k) | ($507k) | ($222k) | ($1.6m) | $91k | ($4.2m) | ($22.9m) | ($39.6m) | ($60.0m) | ($59.4m) | |
| Deferred Income Tax | — | — | — | — | — | — | ($4.2m) | ($314.3m) | ($6.7m) | ($59.4m) | ($59.4m) | |
| Deferred Tax | — | — | — | — | — | — | ($4.2m) | ($314.3m) | ($6.7m) | ($59.4m) | ($59.4m) | |
| Share-based Payment Arrangement, Noncash Expense | $9.6m | $12.7m | $15.1m | $17.5m | $23.0m | $28.0m | $37.6m | $42.9m | $41.6m | $37.4m | $37.4m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | $19.3m | $12.8m | $9.8m | $12.1m | — | |
| Share-based Payment Arrangement, Expense | — | $12.7m | $15.1m | $17.5m | $22.7m | $28.0m | $37.6m | $40.4m | $39.3m | $39.6m | $37.4m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | — | $369.9m | $180.8m | $0 | $387.9m | |
| Operating Lease, Impairment Loss | — | — | — | — | — | — | $4.0m | $0 | $0 | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $14.2m | $372.1m | $271.1m | $387.9m | $387.9m | |
| Income (Loss) from Equity Method Investments | $400k | $582k | — | $1.4m | $1.7m | $4.0m | $2.9m | $16.0m | $9.5m | $16.4m | — | |
| Other Nonoperating Income (Expense) | ($5.8m) | $9.0m | ($6.5m) | $3.5m | ($3.8m) | ($12.1m) | ($2.1m) | ($7.5m) | $3.2m | $133.9m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | ($3.8m) | ($200k) | ($11.8m) | ($16.1m) | — | ($16.1m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($206.2m) | ($136.2m) | $14.8m | ($12.2m) | ($12.2m) | |
| Change In Receivables | — | — | — | — | — | — | $5.2m | ($7.9m) | ($47.7m) | ($33.9m) | ($33.9m) | |
| Change In Inventory | — | — | — | — | — | — | ($274.0m) | ($117.6m) | $26.9m | $146.3m | $146.3m | |
| Increase (Decrease) in Other Operating Assets | ($28.1m) | $29.3m | $40.3m | $44.3m | ($10.9m) | $76.0m | $274.0m | $110.3m | ($31.7m) | ($146.3m) | — | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $62.6m | ($10.7m) | $35.6m | ($124.6m) | ($124.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $238.7m |
$261.8m
+9.66%
|
$363.1m
+38.73%
|
$476.7m
+31.29%
|
$548.9m
+15.15%
|
$753.6m
+37.28%
|
$734.9m
-2.48%
|
$790.5m
+7.57%
|
$861.0m
+8.92%
|
$864.2m
+0.37%
|
$2.2b
+154.40%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments to Acquire Property, Plant, and Equipment | $223.4m | $288.5m | $389.4m | $569.3m | $538.5m | $672.6m | $921.0m | $7.1m | $30.2m | $457.0m | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $2.2b | $53.3m | $68.8m | $461.7m | ($483.0m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | — | — | — | — | — | — | ($11.5m) | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $59.5m | $59.1m | $49.7m | $158.7m | $121.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($1.6b) | ($401.6m) | ($733.7m) | ($1.0b) | ($2.5b) | ($2.3b) | ($3.1b) | ($919.5m) | ($267.4m) | $4.9b | ($781.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($1.1m) | ($6.0m) | ($2.0m) | ($16.5m) | ($5.2m) | ($8.1m) | ($4.4m) | $0 | ($1.4m) | ($104.0m) | — | |
| Repayments of Long-term Debt | $231.9m | $124.4m | $298.8m | $552.9m | $230.3m | $76.8m | $400.8m | $174.3m | $269.2m | $2.1b | ($524.1m) | |
| Proceeds from Issuance of Long-term Debt | $964.3m | $185.2m | $250.0m | $923.7m | $491.8m | $1.2b | $827.9m | — | — | — | $0 | |
| Issuance Of Debt | — | — | — | — | — | — | $4.5b | $2.5b | $3.1b | $624.5m | $0 | |
| Long Term Debt Issuance | — | — | — | — | — | — | $827.9m | $889.1m | $499.8m | $624.5m | $0 | |
| Long Term Debt Payments | — | — | — | — | — | — | ($400.8m) | ($1.9b) | ($269.2m) | ($4.2b) | ($524.1m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $1.6b | $574.3m | ($425.0m) | ($3.6b) | ($524.1m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $427.1m | $574.3m | $230.6m | ($3.6b) | ($524.1m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($198.8m) | $1.2b | ($140.6m) | ($655.6m) | — | ($1.8b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($2.9b) | ($1.9b) | ($3.6b) | ($4.2b) | ($524.1m) | |
| Short Term Debt Issuance | — | — | — | — | — | $3.8b | $3.7b | $1.6b | $2.6b | — | $1.7b | |
| Short Term Debt Payments | — | — | — | — | — | ($4.0b) | ($2.5b) | ($1.8b) | ($3.3b) | — | ($3.4b) | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | — | — | — | — | $539.1m | — | |
| Common Stock Issuance | — | — | — | — | — | $1.1b | $1.2b | — | $361.1m | $1.1m | $1.1m | |
| Common Stock Payments | — | — | — | — | — | — | ($19.3m) | ($11.9m) | ($7.8m) | ($551.2m) | ($519.6m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $1.1b | $1.2b | — | $361.1m | $1.1m | $1.1m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $1.2b | ($11.9m) | $353.3m | ($550.1m) | ($518.4m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($19.3m) | ($11.9m) | ($7.8m) | ($551.2m) | ($574.4m) | |
| Dividends Payable | $51.9m | $55.2m | $63.2m | $71.7m | $87.0m | $98.4m | $111.3m | $118.2m | $122.6m | $131.1m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($434.2m) | ($475.2m) | ($491.4m) | ($1.0b) | ($548.8m) | |
| Dividend Received CFO | — | — | — | — | — | $6.2m | $5.9m | $3.2m | — | — | $3.2m | |
| Dividends Received CFI | — | — | — | — | — | $16.9m | $17.3m | $17.4m | $27.8m | — | $25.0m | |
| Proceeds from (Payments for) Other Financing Activities | $0 | $0 | — | — | — | — | — | — | $0 | ($15.3m) | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($35.3m) | $16.3m | $15.8m | $5.5b | $293.1m | |
| Net Cash Provided by (Used in) Financing Activities | $1.3b |
$141.6m
-89.43%
|
$409.9m
+189.57%
|
$505.9m
+23.41%
|
$2.0b
+295.52%
|
$1.6b
-21.51%
|
$2.3b
+49.56%
|
$80.3m
-96.58%
|
($571.6m)
-811.83%
|
($5.2b)
-813.12%
|
($1.4b)
+74.08%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | — | — | ($14.4m) | $12.2m | ($47.7m) | $21.2m | $572.2m | $171.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $78.2m | $90.4m | $42.7m | $63.9m | $1.4b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $62.3m | $34.8m | $98.3m | $78.2m | $90.4m | $42.7m | $63.9m | $636.1m | $171.8m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | ($157k) | ($8.7m) | $1.0m | ($800k) | $1.6m | ($1.9m) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($8.7m) | $1.0m | ($800k) | $1.6m | ($1.9m) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $25.5m | $3.6m | — | $6.8m | $14.2m | $15.7m | $27.2m | $6.0m | $5.2m | — | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $121.5m | $124.0m | $126.2m | $135.0m | $136.0m | $147.0m | $218.3m | $326.7m | $342.2m | $245.9m | — | |
| Income Taxes Paid, Net | — | ($194k) | $461k | $948k | $1.1m | $1.3m | $5.8m | $20.5m | $3.4m | $5.0m | — | |
| Additional Financial Items | ||||||||||||
| Business Combination, Step Acquisition, Equity Interest in Acquiree, Remeasurement Gain (Loss), Net | ($181k) | $3.0m | $2.3m | ($1.5m) | ($3.0m) | ($11.0m) | — | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | ($16.0m) | $0 | $0 | — | |
| Foreign Currency Transaction Gain (Loss), before Tax | ($5.0m) | $5.9m | $8.4m | $4.5m | $8.0m | ($3.7m) | $5.4m | ($300k) | ($25.8m) | $26.7m | — | |
| Foreign Currency Transaction Gain (Loss), Unrealized | — | $6.1m | ($8.2m) | $4.6m | $8.0m | ($3.7m) | — | — | — | — | — | |
| Gain (Loss) on Disposition of Assets | $11.2m | $9.3m | $9.4m | $11.1m | $15.2m | $49.3m | $27.3m | $9.1m | $10.7m | $14.9m | — | |
| Gain (Loss) on Disposition of Real Estate, Discontinued Operations | — | — | — | — | $5.6m | $108.1m | — | — | — | — | — | |
| Gain (Loss) on Sale of Properties | $0 | $0 | — | — | $5.6m | $108.1m | $12.2m | $11.0m | $202.9m | $5.1m | — | |
| Gain (Loss) Related to Litigation Settlement | $0 | — | — | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $64.1m | $74.7m | $81.4m | $94.0m | $111.3m | $181.2m | $256.8m | $270.2m | $295.3m | $236.7m | — | |
| Goodwill | — | — | — | — | $428.8m | $495.4m | $1.0b | $733.0m | $551.2m | $9.5m | $387.9m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $600k | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | — | — | $1.4b | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | — | — | — | — | — | — | — | — | — | $1.4b | — | |
| Income Tax Expense (Benefit) | $283k | ($136k) | $88k | $873k | ($775k) | $1.3m | $6.1m | ($8.4m) | ($35.3m) | ($49.2m) | — | |
| Insured Event, Gain (Loss) | — | — | — | — | — | — | — | — | — | $30.8m | — | |
| Proceeds from Contributions from Affiliates | — | — | $0 | $44.5m | $10.7m | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | $2.5m | $10.3m | $1.9m | — | — | — | |
| Proceeds from Stock Options Exercised | $149k | — | — | — | — | — | — | — | — | — | — | |
| Real Estate Tax Expense | $44.3m | $52.3m | $56.6m | $61.9m | $72.6m | $94.8m | $110.6m | $117.4m | $125.7m | $111.1m | — | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $826.0m | $925.7m | $1.0b | $1.6b | $1.9b | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $2.3b | $103.5m | ($547.3m) | $372.2m | ($1.4b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.1b) | ($700.5m) | ($42.6m) | ($602.9m) | ($781.9m) | |
| Cash From Discontinued Financing Activities | — | — | — | — | — | — | — | ($23.2m) |
($24.3m)
-4.74%
|
($5.6b)
-22910.70%
|
($169.7m)
+96.97%
|
|
| Cash From Discontinued Investing Activities | — | — | — | — | — | — | — | ($219.0m) | ($224.8m) | $5.5b | $138.5m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $12.2m | ($47.7m) | $21.2m | $572.2m | — | |
| Changes In Cash | — | — | — | — | — | — | $20.9m | ($48.7m) | $22.0m | $570.6m | ($1.3b) | |
| End Cash Position | — | — | — | — | — | — | $90.4m | $42.7m | $63.9m | $636.1m | $171.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $2.3b |
$80.3m
-96.58%
|
($571.6m)
-811.83%
|
($5.2b)
-813.12%
|
($1.4b)
+74.08%
|
|
| Free Cash Flow | — | — | — | — | — | — | $734.9m | $790.5m | $861.0m | $864.2m | $899.5m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | $23.9m | $95.7m | ($166.5m) | ($3.5m) | ($3.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.1b) | ($919.5m) | ($267.4m) | $4.9b | ($781.9m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($2.3b) | ($86.7m) | ($44.5m) | ($462.6m) | ($483.0m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | ($5.4m) | $300k | $25.8m | ($26.7m) | ($26.7m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($877.5m) | ($776.5m) | ($47.8m) | ($299.0m) | ($417.0m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $103.6m | $0 | $0 | $0 | |
| Net Preferred Stock Issuance | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($9.0m) | $86.9m | ($166.4m) | $58.9m | $58.9m | |
| Other Non Cash Items | — | — | — | — | — | — | $9.2m | $221.3m | ($133.2m) | ($1.5b) | — | |
| Preferred Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Purchase Of Business | — | — | — | — | — | — | ($2.3b) | ($86.7m) | ($44.5m) | ($462.6m) | ($483.0m) | |
| Purchase Of Investment | — | — | — | — | — | ($35.5m) | $0 | $0 | — | — | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($921.0m) | ($786.4m) | ($469.6m) | ($460.9m) | $0 | |
| Sale Of Business | — | — | — | — | — | $0 | $2.7m | $1.6m | — | — | — | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $103.6m | $0 | $0 | $0 | |
| Sale Of Investment Properties | — | — | — | — | — | — | $43.5m | $9.9m | $421.8m | $161.9m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $37.6m | $35.1m | $33.1m | $37.4m | $37.4m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | ($33.5m) | $53.4m | $16.0m | $0 | — | $0 |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.