Armada Hoffler Properties Inc
NYSE:AHH
Cash Flow Statement
Cash Flow Statement
Armada Hoffler Properties Inc
Dec-2013 | Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Income |
15
|
15
|
9
|
10
|
13
|
18
|
26
|
28
|
31
|
50
|
43
|
46
|
43
|
25
|
27
|
29
|
30
|
28
|
29
|
24
|
24
|
23
|
23
|
29
|
32
|
35
|
41
|
40
|
37
|
34
|
30
|
27
|
26
|
32
|
54
|
89
|
100
|
93
|
77
|
43
|
8
|
|
Depreciation & Amortization |
15
|
16
|
16
|
16
|
18
|
19
|
20
|
22
|
23
|
27
|
29
|
32
|
35
|
37
|
37
|
38
|
37
|
37
|
37
|
38
|
40
|
41
|
45
|
50
|
55
|
60
|
60
|
59
|
61
|
64
|
68
|
71
|
70
|
70
|
72
|
73
|
74
|
74
|
75
|
80
|
97
|
|
Stock-Based Compensation |
1
|
2
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
1
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
3
|
3
|
3
|
3
|
4
|
3
|
4
|
0
|
|
Other Non-Cash Items |
(6)
|
(6)
|
2
|
1
|
(2)
|
(8)
|
(15)
|
(14)
|
(16)
|
(35)
|
(27)
|
(31)
|
(28)
|
(7)
|
(7)
|
(8)
|
(7)
|
(6)
|
(5)
|
(1)
|
3
|
6
|
3
|
(2)
|
(6)
|
(3)
|
(5)
|
(3)
|
(3)
|
(7)
|
(5)
|
(3)
|
4
|
3
|
(18)
|
(49)
|
(54)
|
(45)
|
(29)
|
(1)
|
13
|
|
Cash Taxes Paid |
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
1
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
|
Cash Interest Paid |
13
|
12
|
11
|
11
|
12
|
0
|
0
|
0
|
13
|
0
|
0
|
0
|
15
|
0
|
0
|
0
|
16
|
0
|
0
|
0
|
17
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
29
|
0
|
0
|
0
|
30
|
0
|
0
|
0
|
45
|
|
Change in Working Capital |
(1)
|
(3)
|
(2)
|
(2)
|
3
|
(2)
|
(4)
|
(8)
|
(5)
|
3
|
2
|
8
|
7
|
3
|
1
|
(7)
|
(9)
|
(12)
|
(16)
|
(15)
|
(10)
|
(1)
|
2
|
(3)
|
(13)
|
(19)
|
(7)
|
(6)
|
(4)
|
(12)
|
(11)
|
(3)
|
(8)
|
9
|
(7)
|
(12)
|
(3)
|
(22)
|
(17)
|
(6)
|
(24)
|
|
Cash from Operating Activities |
22
N/A
|
21
-5%
|
24
+15%
|
25
+4%
|
31
+24%
|
28
-11%
|
28
0%
|
28
N/A
|
33
+20%
|
45
+35%
|
47
+4%
|
54
+16%
|
57
+5%
|
57
N/A
|
58
+2%
|
53
-9%
|
51
-3%
|
47
-8%
|
46
-3%
|
47
+3%
|
56
+20%
|
68
+21%
|
73
+7%
|
74
+2%
|
68
-9%
|
72
+6%
|
89
+24%
|
90
+1%
|
91
+1%
|
79
-13%
|
82
+4%
|
93
+13%
|
91
-2%
|
114
+25%
|
101
-11%
|
100
-1%
|
117
+17%
|
99
-15%
|
107
+8%
|
117
+9%
|
93
-20%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(47)
|
(70)
|
(87)
|
(102)
|
(108)
|
(104)
|
(122)
|
(132)
|
(126)
|
(290)
|
(258)
|
(248)
|
(260)
|
(89)
|
(85)
|
(94)
|
(88)
|
(135)
|
(158)
|
(191)
|
(203)
|
(212)
|
(328)
|
(293)
|
(292)
|
(255)
|
(124)
|
(129)
|
(109)
|
(115)
|
(108)
|
(132)
|
(138)
|
(220)
|
(223)
|
(186)
|
(213)
|
(113)
|
(125)
|
(110)
|
(92)
|
|
Other Items |
(1)
|
(1)
|
(3)
|
(4)
|
2
|
16
|
53
|
54
|
68
|
131
|
72
|
65
|
37
|
(40)
|
(26)
|
(9)
|
(7)
|
(15)
|
(6)
|
(23)
|
(38)
|
(41)
|
(56)
|
(20)
|
(4)
|
(10)
|
93
|
86
|
83
|
107
|
32
|
9
|
80
|
56
|
110
|
248
|
180
|
166
|
76
|
(118)
|
(145)
|
|
Cash from Investing Activities |
(48)
N/A
|
(71)
-47%
|
(90)
-27%
|
(106)
-19%
|
(105)
+1%
|
(88)
+17%
|
(70)
+21%
|
(79)
-13%
|
(58)
+26%
|
(159)
-174%
|
(186)
-17%
|
(183)
+1%
|
(223)
-22%
|
(129)
+42%
|
(111)
+14%
|
(103)
+7%
|
(95)
+7%
|
(150)
-57%
|
(165)
-10%
|
(215)
-31%
|
(241)
-12%
|
(253)
-5%
|
(384)
-52%
|
(313)
+19%
|
(295)
+6%
|
(265)
+10%
|
(31)
+88%
|
(43)
-40%
|
(26)
+39%
|
(8)
+69%
|
(76)
-832%
|
(124)
-64%
|
(58)
+53%
|
(164)
-185%
|
(113)
+31%
|
61
N/A
|
(33)
N/A
|
53
N/A
|
(49)
N/A
|
(228)
-362%
|
(237)
-4%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
203
|
0
|
0
|
50
|
50
|
0
|
53
|
8
|
47
|
57
|
74
|
90
|
69
|
62
|
133
|
113
|
96
|
93
|
50
|
60
|
67
|
97
|
116
|
139
|
158
|
129
|
65
|
134
|
121
|
129
|
138
|
40
|
52
|
108
|
94
|
90
|
65
|
(0)
|
(0)
|
(0)
|
(13)
|
|
Net Issuance of Debt |
(91)
|
(67)
|
89
|
61
|
54
|
54
|
27
|
70
|
8
|
76
|
89
|
83
|
130
|
41
|
(36)
|
(20)
|
2
|
74
|
122
|
166
|
176
|
146
|
266
|
188
|
156
|
168
|
(2)
|
(92)
|
(123)
|
(165)
|
(116)
|
12
|
(26)
|
28
|
24
|
(132)
|
(45)
|
(67)
|
(5)
|
175
|
222
|
|
Cash Paid for Dividends |
(8)
|
(13)
|
(18)
|
(23)
|
(22)
|
(23)
|
(25)
|
(27)
|
(27)
|
(28)
|
(30)
|
(32)
|
(34)
|
(36)
|
(38)
|
(41)
|
(44)
|
(46)
|
(48)
|
(50)
|
(51)
|
(53)
|
(55)
|
(57)
|
(62)
|
(66)
|
(69)
|
(54)
|
(48)
|
(42)
|
(39)
|
(54)
|
(59)
|
(64)
|
(67)
|
(69)
|
(73)
|
(75)
|
(77)
|
(79)
|
(80)
|
|
Other |
(69)
|
(64)
|
(4)
|
1
|
(1)
|
(2)
|
(2)
|
(3)
|
(3)
|
(2)
|
(2)
|
(3)
|
(4)
|
(3)
|
(8)
|
(6)
|
(13)
|
(12)
|
(11)
|
(12)
|
(6)
|
(6)
|
(5)
|
(4)
|
(6)
|
(5)
|
(3)
|
(3)
|
(9)
|
(11)
|
(12)
|
(12)
|
(11)
|
(16)
|
(15)
|
(24)
|
(20)
|
(13)
|
(16)
|
(9)
|
(6)
|
|
Cash from Financing Activities |
35
N/A
|
59
+67%
|
67
+14%
|
88
+32%
|
81
-8%
|
78
-4%
|
53
-32%
|
49
-8%
|
24
-50%
|
102
+317%
|
132
+29%
|
138
+5%
|
161
+17%
|
64
-61%
|
52
-19%
|
46
-11%
|
42
-10%
|
108
+159%
|
113
+4%
|
166
+47%
|
186
+12%
|
184
-1%
|
322
+74%
|
265
-17%
|
247
-7%
|
226
-8%
|
(9)
N/A
|
(15)
-62%
|
(58)
-282%
|
(89)
-53%
|
(28)
+68%
|
(15)
+48%
|
(44)
-196%
|
56
N/A
|
35
-37%
|
(135)
N/A
|
(72)
+47%
|
(155)
-115%
|
(98)
+37%
|
87
N/A
|
122
+41%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Net Change in Cash |
10
N/A
|
9
-2%
|
2
-83%
|
7
+363%
|
7
-5%
|
18
+159%
|
11
-39%
|
(2)
N/A
|
(0)
+85%
|
(13)
-4 133%
|
(7)
+42%
|
9
N/A
|
(5)
N/A
|
(8)
-74%
|
(1)
+86%
|
(4)
-245%
|
(2)
+37%
|
6
N/A
|
(6)
N/A
|
(3)
+60%
|
1
N/A
|
(1)
N/A
|
10
N/A
|
27
+159%
|
20
-28%
|
34
+73%
|
49
+46%
|
32
-36%
|
7
-78%
|
(18)
N/A
|
(22)
-20%
|
(46)
-109%
|
(10)
+78%
|
5
N/A
|
23
+355%
|
26
+13%
|
12
-56%
|
(3)
N/A
|
(40)
-1 283%
|
(24)
+39%
|
(22)
+11%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
(25)
N/A
|
(49)
-95%
|
(63)
-28%
|
(77)
-23%
|
(76)
+1%
|
(76)
0%
|
(95)
-24%
|
(104)
-10%
|
(93)
+11%
|
(246)
-164%
|
(211)
+14%
|
(194)
+8%
|
(203)
-5%
|
(32)
+84%
|
(27)
+14%
|
(41)
-50%
|
(37)
+10%
|
(88)
-139%
|
(113)
-28%
|
(144)
-28%
|
(147)
-2%
|
(144)
+2%
|
(255)
-78%
|
(218)
+14%
|
(224)
-2%
|
(183)
+18%
|
(34)
+81%
|
(39)
-13%
|
(18)
+55%
|
(36)
-107%
|
(26)
+30%
|
(40)
-56%
|
(47)
-17%
|
(106)
-128%
|
(122)
-15%
|
(86)
+29%
|
(96)
-12%
|
(14)
+86%
|
(18)
-32%
|
7
N/A
|
1
-77%
|