Mid-America Apartment Communities Inc
NYSE:MAA
Cash Flow Statement
Cash Flow Statement
Mid-America Apartment 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 |
119
|
113
|
85
|
110
|
156
|
205
|
316
|
342
|
351
|
332
|
236
|
228
|
224
|
222
|
225
|
255
|
341
|
348
|
360
|
296
|
231
|
246
|
248
|
275
|
367
|
339
|
352
|
333
|
264
|
275
|
421
|
446
|
551
|
615
|
608
|
647
|
655
|
681
|
614
|
602
|
568
|
|
Depreciation & Amortization |
190
|
247
|
284
|
321
|
302
|
284
|
289
|
289
|
295
|
296
|
296
|
302
|
323
|
378
|
429
|
470
|
495
|
486
|
482
|
489
|
491
|
493
|
494
|
494
|
498
|
501
|
505
|
508
|
512
|
517
|
522
|
529
|
534
|
537
|
539
|
541
|
544
|
549
|
554
|
563
|
566
|
|
Stock-Based Compensation |
2
|
3
|
3
|
4
|
4
|
5
|
5
|
5
|
6
|
7
|
7
|
8
|
11
|
13
|
13
|
14
|
11
|
12
|
12
|
12
|
12
|
13
|
14
|
14
|
14
|
14
|
14
|
15
|
14
|
14
|
15
|
15
|
17
|
18
|
18
|
18
|
19
|
18
|
17
|
16
|
0
|
|
Other Non-Cash Items |
(79)
|
(94)
|
(67)
|
(79)
|
(71)
|
(89)
|
(183)
|
(198)
|
(200)
|
(172)
|
(65)
|
(58)
|
(81)
|
(78)
|
(76)
|
(85)
|
(127)
|
(124)
|
(125)
|
(66)
|
3
|
(2)
|
4
|
7
|
(74)
|
(37)
|
(49)
|
(50)
|
16
|
3
|
(132)
|
(143)
|
(246)
|
(261)
|
(203)
|
(181)
|
(124)
|
(127)
|
(52)
|
(42)
|
(1)
|
|
Cash Taxes Paid |
0
|
0
|
2
|
2
|
2
|
0
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
2
|
5
|
3
|
3
|
3
|
0
|
2
|
2
|
3
|
2
|
0
|
3
|
3
|
3
|
5
|
3
|
3
|
2
|
3
|
4
|
4
|
4
|
4
|
4
|
4
|
|
Cash Interest Paid |
84
|
98
|
126
|
136
|
146
|
143
|
142
|
143
|
141
|
139
|
140
|
139
|
145
|
145
|
154
|
172
|
167
|
167
|
175
|
155
|
185
|
178
|
182
|
182
|
170
|
177
|
169
|
171
|
165
|
166
|
162
|
165
|
159
|
162
|
157
|
159
|
158
|
157
|
155
|
153
|
158
|
|
Change in Working Capital |
28
|
46
|
35
|
36
|
(1)
|
(11)
|
1
|
16
|
18
|
11
|
8
|
20
|
18
|
(8)
|
(10)
|
14
|
(48)
|
(29)
|
(13)
|
(14)
|
9
|
(1)
|
(8)
|
(22)
|
(9)
|
(16)
|
(5)
|
13
|
33
|
17
|
21
|
27
|
56
|
36
|
17
|
17
|
(16)
|
(5)
|
33
|
0
|
5
|
|
Cash from Operating Activities |
258
N/A
|
312
+21%
|
337
+8%
|
387
+15%
|
385
0%
|
390
+1%
|
424
+9%
|
450
+6%
|
464
+3%
|
467
+1%
|
475
+2%
|
491
+3%
|
485
-1%
|
514
+6%
|
568
+11%
|
653
+15%
|
661
+1%
|
681
+3%
|
704
+3%
|
704
+0%
|
734
+4%
|
736
+0%
|
739
+0%
|
755
+2%
|
781
+4%
|
787
+1%
|
803
+2%
|
804
+0%
|
824
+3%
|
811
-2%
|
832
+2%
|
858
+3%
|
895
+4%
|
927
+4%
|
962
+4%
|
1 024
+6%
|
1 059
+3%
|
1 097
+4%
|
1 149
+5%
|
1 124
-2%
|
1 137
+1%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Capital Expenditures |
(261)
|
(283)
|
(367)
|
(404)
|
(499)
|
(500)
|
(493)
|
(566)
|
(494)
|
(516)
|
(478)
|
(525)
|
(523)
|
(573)
|
(547)
|
(450)
|
(480)
|
(383)
|
(468)
|
(453)
|
(384)
|
(399)
|
(300)
|
(322)
|
(408)
|
(431)
|
(452)
|
(459)
|
(484)
|
(508)
|
(581)
|
(625)
|
(557)
|
(530)
|
(498)
|
(719)
|
(740)
|
(794)
|
(796)
|
(568)
|
(763)
|
|
Other Items |
177
|
278
|
228
|
360
|
296
|
235
|
387
|
342
|
358
|
346
|
186
|
249
|
(126)
|
(160)
|
(164)
|
(226)
|
186
|
191
|
200
|
114
|
18
|
27
|
15
|
12
|
170
|
156
|
157
|
158
|
(1)
|
1
|
161
|
164
|
304
|
305
|
320
|
321
|
335
|
334
|
156
|
149
|
(12)
|
|
Cash from Investing Activities |
(84)
N/A
|
(4)
+95%
|
(139)
-3 135%
|
(45)
+68%
|
(204)
-358%
|
(264)
-30%
|
(107)
+60%
|
(225)
-111%
|
(136)
+39%
|
(170)
-25%
|
(292)
-72%
|
(276)
+5%
|
(649)
-135%
|
(732)
-13%
|
(711)
+3%
|
(676)
+5%
|
(294)
+56%
|
(192)
+35%
|
(268)
-40%
|
(339)
-26%
|
(366)
-8%
|
(373)
-2%
|
(286)
+23%
|
(309)
-8%
|
(238)
+23%
|
(275)
-16%
|
(295)
-7%
|
(301)
-2%
|
(485)
-61%
|
(507)
-5%
|
(419)
+17%
|
(461)
-10%
|
(254)
+45%
|
(225)
+11%
|
(179)
+20%
|
(399)
-123%
|
(405)
-2%
|
(460)
-14%
|
(640)
-39%
|
(419)
+35%
|
(775)
-85%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
31
|
12
|
17
|
19
|
13
|
10
|
3
|
0
|
0
|
(1)
|
(1)
|
(2)
|
(2)
|
(5)
|
(4)
|
(3)
|
(3)
|
(0)
|
(1)
|
(1)
|
(1)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
204
|
204
|
205
|
205
|
|
Net Issuance of Debt |
29
|
(25)
|
14
|
(217)
|
(21)
|
1
|
(76)
|
(26)
|
(64)
|
(31)
|
75
|
35
|
489
|
530
|
509
|
484
|
22
|
(40)
|
(11)
|
23
|
41
|
66
|
1
|
(19)
|
(68)
|
(64)
|
(66)
|
(47)
|
109
|
174
|
81
|
117
|
(45)
|
(119)
|
(34)
|
(26)
|
(106)
|
(147)
|
(126)
|
(129)
|
121
|
|
Cash Paid for Dividends |
(141)
|
(166)
|
(191)
|
(216)
|
(219)
|
(222)
|
(226)
|
(229)
|
(232)
|
(236)
|
(240)
|
(244)
|
(249)
|
(286)
|
(324)
|
(362)
|
(399)
|
(405)
|
(411)
|
(417)
|
(424)
|
(428)
|
(432)
|
(437)
|
(441)
|
(446)
|
(451)
|
(456)
|
(461)
|
(464)
|
(467)
|
(471)
|
(474)
|
(482)
|
(491)
|
(517)
|
(543)
|
(580)
|
(617)
|
(636)
|
(655)
|
|
Other |
(14)
|
(15)
|
(20)
|
(21)
|
(17)
|
(18)
|
(14)
|
(14)
|
(21)
|
(21)
|
(21)
|
(21)
|
(16)
|
(16)
|
(22)
|
(22)
|
(20)
|
(20)
|
(19)
|
(19)
|
(21)
|
(25)
|
(25)
|
(26)
|
(15)
|
(12)
|
(13)
|
(15)
|
(22)
|
(20)
|
(18)
|
(29)
|
(28)
|
(72)
|
(80)
|
(70)
|
(73)
|
(32)
|
(27)
|
(22)
|
(39)
|
|
Cash from Financing Activities |
(94)
N/A
|
(194)
-106%
|
(181)
+7%
|
(435)
-140%
|
(244)
+44%
|
(228)
+7%
|
(313)
-37%
|
(268)
+14%
|
(317)
-18%
|
(288)
+9%
|
(187)
+35%
|
(232)
-24%
|
222
N/A
|
223
+0%
|
159
-29%
|
97
-39%
|
(400)
N/A
|
(465)
-16%
|
(442)
+5%
|
(414)
+6%
|
(405)
+2%
|
(386)
+5%
|
(456)
-18%
|
(482)
-6%
|
(524)
-9%
|
(522)
+0%
|
(529)
-1%
|
(518)
+2%
|
(374)
+28%
|
(310)
+17%
|
(405)
-31%
|
(383)
+5%
|
(546)
-43%
|
(673)
-23%
|
(604)
+10%
|
(613)
-2%
|
(723)
-18%
|
(554)
+23%
|
(566)
-2%
|
(583)
-3%
|
(368)
+37%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Net Change in Cash |
80
N/A
|
114
+42%
|
17
-85%
|
(93)
N/A
|
(63)
+32%
|
(102)
-63%
|
4
N/A
|
(43)
N/A
|
11
N/A
|
9
-20%
|
(4)
N/A
|
(17)
-362%
|
58
N/A
|
4
-93%
|
15
+262%
|
74
+389%
|
(33)
N/A
|
24
N/A
|
(7)
N/A
|
(49)
-627%
|
(37)
+24%
|
(23)
+39%
|
(3)
+87%
|
(37)
-1 123%
|
19
N/A
|
(10)
N/A
|
(22)
-113%
|
(15)
+32%
|
(35)
-130%
|
(6)
+84%
|
7
N/A
|
14
+89%
|
95
+579%
|
29
-69%
|
179
+510%
|
12
-93%
|
(70)
N/A
|
83
N/A
|
(58)
N/A
|
122
N/A
|
(6)
N/A
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
(2)
N/A
|
30
N/A
|
(30)
N/A
|
(17)
+42%
|
(114)
-562%
|
(110)
+4%
|
(70)
+36%
|
(117)
-67%
|
(31)
+74%
|
(49)
-59%
|
(3)
+94%
|
(34)
-1 030%
|
(38)
-13%
|
(59)
-54%
|
21
N/A
|
203
+877%
|
181
-11%
|
298
+65%
|
236
-21%
|
251
+7%
|
350
+39%
|
337
-4%
|
438
+30%
|
433
-1%
|
373
-14%
|
356
-5%
|
350
-2%
|
345
-2%
|
340
-1%
|
304
-11%
|
251
-17%
|
233
-7%
|
338
+45%
|
397
+17%
|
463
+17%
|
305
-34%
|
319
+5%
|
303
-5%
|
353
+17%
|
555
+57%
|
374
-33%
|