Canadian Apartment Properties Real Estate Investment Trust
TSX:CAR.UN
Cash Flow Statement
Cash Flow Statement
Canadian Apartment Properties Real Estate Investment Trust
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 |
268
|
246
|
260
|
324
|
318
|
326
|
412
|
291
|
346
|
379
|
318
|
452
|
440
|
495
|
499
|
584
|
837
|
796
|
955
|
858
|
1 218
|
1 323
|
1 229
|
1 440
|
1 195
|
1 070
|
964
|
933
|
926
|
950
|
1 343
|
1 233
|
1 393
|
1 334
|
630
|
503
|
14
|
(135)
|
155
|
(265)
|
(412)
|
|
Depreciation & Amortization |
4
|
6
|
7
|
6
|
9
|
10
|
13
|
7
|
10
|
15
|
15
|
18
|
12
|
13
|
13
|
13
|
13
|
14
|
14
|
14
|
14
|
14
|
15
|
18
|
19
|
19
|
20
|
19
|
34
|
34
|
36
|
38
|
25
|
27
|
28
|
28
|
26
|
21
|
15
|
10
|
6
|
|
Change in Deffered Taxes |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
7
|
11
|
9
|
14
|
19
|
18
|
6
|
11
|
5
|
6
|
23
|
21
|
25
|
20
|
31
|
52
|
77
|
94
|
80
|
53
|
(15)
|
(78)
|
(93)
|
(102)
|
(85)
|
|
Other Non-Cash Items |
(113)
|
(82)
|
(91)
|
(156)
|
(137)
|
(146)
|
(228)
|
(102)
|
(147)
|
(175)
|
(106)
|
(234)
|
(219)
|
(265)
|
(269)
|
(344)
|
(607)
|
(565)
|
(709)
|
(610)
|
(968)
|
(1 064)
|
(968)
|
(1 082)
|
(774)
|
(594)
|
(439)
|
(446)
|
(449)
|
(461)
|
(862)
|
(769)
|
(932)
|
(889)
|
(161)
|
2
|
568
|
794
|
533
|
971
|
1 110
|
|
Cash Interest Paid |
95
|
96
|
97
|
98
|
98
|
99
|
99
|
99
|
101
|
102
|
105
|
108
|
109
|
110
|
110
|
110
|
111
|
113
|
113
|
114
|
114
|
143
|
174
|
120
|
120
|
95
|
67
|
125
|
130
|
130
|
131
|
133
|
134
|
137
|
144
|
150
|
156
|
168
|
177
|
188
|
198
|
|
Change in Working Capital |
102
|
104
|
109
|
121
|
94
|
86
|
77
|
91
|
85
|
84
|
97
|
91
|
125
|
111
|
112
|
109
|
109
|
124
|
120
|
121
|
146
|
143
|
155
|
59
|
13
|
(24)
|
(38)
|
6
|
(55)
|
(43)
|
(75)
|
(51)
|
(11)
|
7
|
(2)
|
(7)
|
5
|
(9)
|
(9)
|
1
|
(4)
|
|
Cash from Operating Activities |
260
N/A
|
274
+5%
|
284
+4%
|
297
+5%
|
284
-4%
|
275
-3%
|
272
-1%
|
289
+6%
|
293
+1%
|
298
+2%
|
320
+7%
|
321
+0%
|
357
+11%
|
352
-1%
|
355
+1%
|
362
+2%
|
359
-1%
|
379
+6%
|
389
+2%
|
397
+2%
|
429
+8%
|
434
+1%
|
437
+1%
|
445
+2%
|
459
+3%
|
477
+4%
|
530
+11%
|
535
+1%
|
481
-10%
|
501
+4%
|
473
-6%
|
503
+6%
|
551
+10%
|
573
+4%
|
575
+0%
|
578
+0%
|
598
+4%
|
593
-1%
|
600
+1%
|
614
+2%
|
616
+0%
|
|
Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Other Items |
(509)
|
(498)
|
(422)
|
(287)
|
(189)
|
(369)
|
(397)
|
(1 085)
|
(1 115)
|
(966)
|
(1 154)
|
(472)
|
(545)
|
(500)
|
(354)
|
(601)
|
(610)
|
(606)
|
(578)
|
(399)
|
(623)
|
(848)
|
(1 121)
|
(1 550)
|
(1 607)
|
(1 734)
|
(1 544)
|
(1 132)
|
(1 021)
|
(712)
|
(1 036)
|
(1 219)
|
(1 108)
|
(1 487)
|
(850)
|
(633)
|
(503)
|
(42)
|
(240)
|
(126)
|
(138)
|
|
Cash from Investing Activities |
(509)
N/A
|
(498)
+2%
|
(422)
+15%
|
(287)
+32%
|
(189)
+34%
|
(369)
-95%
|
(397)
-8%
|
(1 085)
-174%
|
(1 115)
-3%
|
(966)
+13%
|
(1 154)
-20%
|
(472)
+59%
|
(545)
-16%
|
(500)
+8%
|
(354)
+29%
|
(601)
-70%
|
(610)
-1%
|
(606)
+1%
|
(578)
+5%
|
(399)
+31%
|
(623)
-56%
|
(848)
-36%
|
(1 121)
-32%
|
(1 550)
-38%
|
(1 607)
-4%
|
(1 734)
-8%
|
(1 544)
+11%
|
(1 132)
+27%
|
(1 021)
+10%
|
(712)
+30%
|
(1 036)
-46%
|
(1 219)
-18%
|
(1 108)
+9%
|
(1 487)
-34%
|
(850)
+43%
|
(633)
+25%
|
(503)
+21%
|
(42)
+92%
|
(240)
-474%
|
(126)
+47%
|
(138)
-10%
|
|
Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Net Issuance of Common Stock |
144
|
144
|
144
|
144
|
1
|
153
|
157
|
162
|
401
|
252
|
248
|
402
|
162
|
160
|
164
|
8
|
8
|
184
|
201
|
200
|
209
|
309
|
617
|
617
|
1 076
|
801
|
471
|
471
|
3
|
3
|
3
|
3
|
3
|
3
|
(64)
|
(199)
|
(235)
|
(326)
|
(269)
|
(134)
|
(98)
|
|
Net Issuance of Debt |
306
|
279
|
195
|
50
|
103
|
140
|
164
|
832
|
635
|
635
|
819
|
(12)
|
261
|
224
|
71
|
496
|
506
|
308
|
257
|
52
|
257
|
403
|
355
|
651
|
554
|
635
|
785
|
530
|
536
|
433
|
829
|
984
|
853
|
1 284
|
812
|
602
|
507
|
145
|
139
|
24
|
55
|
|
Cash Paid for Dividends |
(88)
|
(88)
|
(88)
|
(88)
|
(87)
|
(88)
|
(90)
|
(92)
|
(97)
|
(100)
|
(104)
|
(107)
|
(109)
|
(111)
|
(115)
|
(118)
|
(121)
|
(124)
|
(128)
|
(131)
|
(135)
|
(138)
|
(142)
|
(146)
|
(151)
|
(159)
|
(170)
|
(176)
|
(180)
|
(181)
|
(177)
|
(177)
|
(178)
|
(179)
|
(181)
|
(201)
|
(220)
|
(234)
|
(247)
|
(240)
|
(234)
|
|
Other |
(113)
|
(111)
|
(113)
|
(115)
|
(112)
|
(110)
|
(107)
|
(106)
|
(118)
|
(120)
|
(129)
|
(132)
|
(125)
|
(125)
|
(121)
|
(121)
|
(119)
|
(119)
|
(117)
|
(118)
|
(137)
|
(138)
|
(145)
|
(15)
|
115
|
108
|
108
|
(29)
|
(172)
|
(170)
|
(180)
|
(187)
|
(166)
|
(177)
|
(182)
|
(178)
|
(184)
|
(189)
|
(192)
|
(205)
|
(218)
|
|
Cash from Financing Activities |
249
N/A
|
224
-10%
|
138
-38%
|
(10)
N/A
|
(95)
-858%
|
94
N/A
|
125
+33%
|
796
+538%
|
822
+3%
|
667
-19%
|
835
+25%
|
151
-82%
|
188
+24%
|
148
-22%
|
(1)
N/A
|
265
N/A
|
275
+4%
|
249
-9%
|
215
-14%
|
2
-99%
|
194
+9 133%
|
435
+124%
|
686
+58%
|
1 107
+61%
|
1 594
+44%
|
1 385
-13%
|
1 194
-14%
|
797
-33%
|
186
-77%
|
86
-54%
|
475
+454%
|
623
+31%
|
512
-18%
|
930
+81%
|
385
-59%
|
24
-94%
|
(132)
N/A
|
(604)
-356%
|
(568)
+6%
|
(556)
+2%
|
(495)
+11%
|
|
Change in Cash | ||||||||||||||||||||||||||||||||||||||||||
Effect of Foreign Exchange Rates |
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
2
|
(1)
|
0
|
6
|
6
|
10
|
6
|
1
|
(1)
|
(6)
|
(3)
|
(3)
|
(4)
|
(4)
|
(5)
|
(5)
|
11
|
13
|
14
|
15
|
0
|
|
Net Change in Cash |
0
N/A
|
(0)
N/A
|
(0)
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
(0)
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
0
N/A
|
26
N/A
|
24
-8%
|
24
+1%
|
25
+5%
|
0
N/A
|
2
N/A
|
21
+925%
|
2
-90%
|
8
+300%
|
452
+5 276%
|
138
-69%
|
186
+35%
|
200
+8%
|
(356)
N/A
|
(131)
+63%
|
(91)
+30%
|
(96)
-6%
|
(48)
+50%
|
12
N/A
|
106
+760%
|
(37)
N/A
|
(26)
+30%
|
(39)
-50%
|
(195)
-397%
|
(53)
+73%
|
(18)
+66%
|
|
Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||
Free Cash Flow |
260
N/A
|
274
+5%
|
284
+4%
|
297
+5%
|
284
-4%
|
275
-3%
|
272
-1%
|
289
+6%
|
293
+1%
|
298
+2%
|
320
+7%
|
321
+0%
|
357
+11%
|
352
-1%
|
355
+1%
|
362
+2%
|
359
-1%
|
379
+6%
|
389
+2%
|
397
+2%
|
429
+8%
|
434
+1%
|
437
+1%
|
445
+2%
|
459
+3%
|
477
+4%
|
530
+11%
|
535
+1%
|
481
-10%
|
501
+4%
|
473
-6%
|
503
+6%
|
551
+10%
|
573
+4%
|
575
+0%
|
578
+0%
|
598
+4%
|
593
-1%
|
600
+1%
|
614
+2%
|
616
+0%
|