Avalonbay Communities Inc
NYSE:AVB
Cash Flow Statement
Cash Flow Statement
Avalonbay Communities 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 |
353
|
419
|
555
|
807
|
697
|
764
|
764
|
729
|
742
|
772
|
797
|
947
|
1 034
|
1 032
|
1 000
|
881
|
877
|
783
|
872
|
826
|
974
|
1 003
|
917
|
1 004
|
786
|
784
|
786
|
654
|
828
|
802
|
1 079
|
1 010
|
1 004
|
1 124
|
815
|
1 231
|
1 136
|
1 021
|
1 250
|
928
|
928
|
|
Depreciation & Amortization |
560
|
557
|
472
|
431
|
443
|
453
|
461
|
470
|
478
|
488
|
502
|
514
|
531
|
545
|
554
|
567
|
584
|
603
|
618
|
629
|
631
|
634
|
640
|
649
|
662
|
677
|
691
|
701
|
707
|
713
|
721
|
739
|
759
|
777
|
792
|
805
|
815
|
818
|
819
|
814
|
817
|
|
Stock-Based Compensation |
15
|
17
|
18
|
17
|
14
|
14
|
16
|
16
|
15
|
15
|
16
|
15
|
15
|
16
|
16
|
17
|
18
|
18
|
18
|
20
|
20
|
22
|
24
|
25
|
26
|
25
|
24
|
23
|
22
|
22
|
23
|
25
|
26
|
27
|
30
|
32
|
34
|
35
|
31
|
29
|
0
|
|
Other Non-Cash Items |
(165)
|
(139)
|
(169)
|
(372)
|
(257)
|
(288)
|
(262)
|
(201)
|
(187)
|
(190)
|
(203)
|
(340)
|
(419)
|
(432)
|
(394)
|
(260)
|
(240)
|
(143)
|
(224)
|
(176)
|
(325)
|
(335)
|
(245)
|
(340)
|
(115)
|
(122)
|
(144)
|
(51)
|
(290)
|
(328)
|
(647)
|
(591)
|
(570)
|
(663)
|
(307)
|
(680)
|
(540)
|
(386)
|
(573)
|
(219)
|
(203)
|
|
Cash Interest Paid |
179
|
189
|
198
|
197
|
192
|
197
|
189
|
186
|
189
|
175
|
188
|
177
|
194
|
183
|
206
|
181
|
208
|
207
|
200
|
214
|
202
|
193
|
195
|
186
|
188
|
199
|
202
|
207
|
197
|
197
|
195
|
191
|
204
|
203
|
209
|
221
|
212
|
210
|
200
|
198
|
188
|
|
Change in Working Capital |
(23)
|
26
|
9
|
30
|
4
|
(26)
|
5
|
42
|
24
|
28
|
22
|
3
|
14
|
15
|
6
|
28
|
36
|
36
|
40
|
24
|
20
|
44
|
1
|
23
|
(11)
|
(37)
|
(20)
|
(35)
|
(26)
|
21
|
6
|
10
|
10
|
(21)
|
(26)
|
17
|
10
|
21
|
28
|
33
|
18
|
|
Cash from Operating Activities |
724
N/A
|
863
+19%
|
867
+0%
|
896
+3%
|
887
-1%
|
903
+2%
|
969
+7%
|
1 040
+7%
|
1 057
+2%
|
1 098
+4%
|
1 118
+2%
|
1 123
+0%
|
1 160
+3%
|
1 159
0%
|
1 166
+1%
|
1 217
+4%
|
1 256
+3%
|
1 279
+2%
|
1 306
+2%
|
1 303
0%
|
1 301
0%
|
1 347
+4%
|
1 314
-2%
|
1 335
+2%
|
1 322
-1%
|
1 302
-2%
|
1 313
+1%
|
1 269
-3%
|
1 220
-4%
|
1 208
-1%
|
1 159
-4%
|
1 169
+1%
|
1 203
+3%
|
1 217
+1%
|
1 275
+5%
|
1 372
+8%
|
1 422
+4%
|
1 474
+4%
|
1 525
+3%
|
1 555
+2%
|
1 560
+0%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(1 312)
|
(628)
|
(540)
|
(538)
|
(1 295)
|
(1 592)
|
(1 639)
|
(1 705)
|
(1 625)
|
(1 489)
|
(1 494)
|
(1 626)
|
(1 667)
|
(1 092)
|
(1 013)
|
(981)
|
(1 054)
|
(1 102)
|
(1 173)
|
(1 046)
|
(1 566)
|
(1 637)
|
(1 687)
|
(1 730)
|
(1 613)
|
(1 513)
|
(1 298)
|
(1 102)
|
(981)
|
(920)
|
(1 035)
|
(1 296)
|
(1 580)
|
(1 711)
|
(1 725)
|
(1 866)
|
(1 633)
|
(1 537)
|
(1 519)
|
(1 277)
|
(1 315)
|
|
Other Items |
131
|
(128)
|
(68)
|
55
|
478
|
557
|
439
|
398
|
426
|
347
|
276
|
546
|
635
|
204
|
434
|
185
|
89
|
53
|
145
|
210
|
969
|
1 047
|
817
|
872
|
420
|
496
|
509
|
344
|
802
|
721
|
1 130
|
1 123
|
956
|
1 152
|
655
|
1 209
|
1 072
|
800
|
1 017
|
483
|
386
|
|
Cash from Investing Activities |
(1 181)
N/A
|
(756)
+36%
|
(608)
+20%
|
(483)
+21%
|
(817)
-69%
|
(1 035)
-27%
|
(1 200)
-16%
|
(1 307)
-9%
|
(1 200)
+8%
|
(1 142)
+5%
|
(1 218)
-7%
|
(1 080)
+11%
|
(1 032)
+4%
|
(888)
+14%
|
(579)
+35%
|
(796)
-38%
|
(965)
-21%
|
(1 049)
-9%
|
(1 028)
+2%
|
(836)
+19%
|
(597)
+29%
|
(591)
+1%
|
(870)
-47%
|
(858)
+1%
|
(1 194)
-39%
|
(1 017)
+15%
|
(789)
+22%
|
(758)
+4%
|
(179)
+76%
|
(199)
-11%
|
95
N/A
|
(174)
N/A
|
(624)
-259%
|
(558)
+11%
|
(1 070)
-92%
|
(657)
+39%
|
(560)
+15%
|
(738)
-32%
|
(502)
+32%
|
(795)
-58%
|
(929)
-17%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
(31)
|
(27)
|
209
|
334
|
340
|
336
|
225
|
666
|
676
|
676
|
594
|
28
|
14
|
69
|
110
|
109
|
109
|
52
|
0
|
1
|
51
|
207
|
256
|
257
|
408
|
253
|
205
|
65
|
(181)
|
(181)
|
(181)
|
(39)
|
31
|
31
|
31
|
26
|
19
|
17
|
510
|
510
|
495
|
|
Net Issuance of Debt |
(1 375)
|
478
|
426
|
167
|
420
|
220
|
278
|
126
|
22
|
(43)
|
354
|
425
|
450
|
452
|
69
|
287
|
272
|
563
|
578
|
402
|
80
|
(192)
|
153
|
201
|
253
|
1 044
|
272
|
197
|
262
|
(556)
|
(105)
|
200
|
527
|
455
|
455
|
233
|
205
|
55
|
54
|
(77)
|
(397)
|
|
Cash Paid for Dividends |
(526)
|
(554)
|
(565)
|
(579)
|
(594)
|
(608)
|
(623)
|
(637)
|
(655)
|
(673)
|
(693)
|
(712)
|
(727)
|
(741)
|
(751)
|
(762)
|
(773)
|
(784)
|
(791)
|
(798)
|
(805)
|
(813)
|
(821)
|
(831)
|
(840)
|
(850)
|
(862)
|
(873)
|
(883)
|
(892)
|
(891)
|
(889)
|
(888)
|
(889)
|
(889)
|
(889)
|
(890)
|
(890)
|
(899)
|
(911)
|
(923)
|
|
Other |
(63)
|
(66)
|
(13)
|
(8)
|
(8)
|
(6)
|
(9)
|
(9)
|
(9)
|
(14)
|
(37)
|
(38)
|
(40)
|
(27)
|
(20)
|
(19)
|
(27)
|
(27)
|
(8)
|
(8)
|
(15)
|
(35)
|
(50)
|
(52)
|
(39)
|
(59)
|
(54)
|
(52)
|
(52)
|
(17)
|
(7)
|
(15)
|
(18)
|
(29)
|
(29)
|
(33)
|
(6)
|
0
|
(2)
|
11
|
(9)
|
|
Cash from Financing Activities |
(1 995)
N/A
|
(169)
+92%
|
56
N/A
|
(86)
N/A
|
158
N/A
|
(58)
N/A
|
(130)
-124%
|
146
N/A
|
34
-77%
|
(55)
N/A
|
217
N/A
|
(296)
N/A
|
(303)
-2%
|
(247)
+19%
|
(592)
-139%
|
(385)
+35%
|
(419)
-9%
|
(195)
+54%
|
(221)
-13%
|
(402)
-82%
|
(689)
-71%
|
(833)
-21%
|
(463)
+44%
|
(424)
+9%
|
(218)
+49%
|
388
N/A
|
(438)
N/A
|
(663)
-51%
|
(854)
-29%
|
(1 648)
-93%
|
(1 183)
+28%
|
(742)
+37%
|
(349)
+53%
|
(431)
-23%
|
(432)
0%
|
(664)
-54%
|
(671)
-1%
|
(818)
-22%
|
(336)
+59%
|
(468)
-39%
|
(834)
-78%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Net Change in Cash |
(2 452)
N/A
|
(62)
+97%
|
315
N/A
|
327
+4%
|
228
-30%
|
(190)
N/A
|
(361)
-90%
|
(122)
+66%
|
(109)
+10%
|
(99)
+10%
|
117
N/A
|
(253)
N/A
|
(175)
+31%
|
24
N/A
|
(4)
N/A
|
36
N/A
|
(128)
N/A
|
35
N/A
|
57
+64%
|
65
+14%
|
16
-75%
|
(76)
N/A
|
(20)
+74%
|
53
N/A
|
(90)
N/A
|
673
N/A
|
86
-87%
|
(152)
N/A
|
186
N/A
|
(639)
N/A
|
71
N/A
|
253
+255%
|
230
-9%
|
228
-1%
|
(227)
N/A
|
51
N/A
|
190
+271%
|
(81)
N/A
|
687
N/A
|
293
-57%
|
(203)
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
(588)
N/A
|
235
N/A
|
327
+39%
|
358
+10%
|
(408)
N/A
|
(689)
-69%
|
(670)
+3%
|
(666)
+1%
|
(568)
+15%
|
(391)
+31%
|
(376)
+4%
|
(503)
-34%
|
(507)
-1%
|
67
N/A
|
153
+130%
|
236
+54%
|
202
-14%
|
177
-13%
|
133
-25%
|
257
+93%
|
(264)
N/A
|
(290)
-10%
|
(373)
-29%
|
(395)
-6%
|
(292)
+26%
|
(211)
+28%
|
15
N/A
|
167
+1 014%
|
239
+43%
|
288
+21%
|
124
-57%
|
(127)
N/A
|
(377)
-196%
|
(494)
-31%
|
(450)
+9%
|
(494)
-10%
|
(211)
+57%
|
(63)
+70%
|
6
N/A
|
278
+4 533%
|
245
-12%
|