American Homes 4 Rent (AMH) quarterly cash flow statement — complete operating, investing & financing history
American Homes 4 Rent (AMH) cash flow statement — 14-year operating, investing & financing cash flows
| Metric | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 |
|---|
| Cash from Operations | 238.4M | 292.63M | 203.06M | 145.81M | 223.25M | 271.86M | 223.4M | 102.19M | 233.57M | 274M | 201.78M | 115.31M | 207.7M | 215.21M | 200.47M | 68.73M | 217.79M | 220.25M | 158.74M | 97.01M |
| Operating CF Growth % | 6.78% | 7.64% | -9.11% | 42.69% | -4.42% | -0.78% | 10.72% | -11.38% | 12.46% | 27.32% | 0.66% | 67.78% | -4.63% | -2.29% | 26.28% | -29.15% | 30.88% | 22.51% | 4.44% | 107.77% |
| Operating CF / Revenue % | 47.86% | 62.25% | 43.02% | 31.75% | 46.66% | 59.42% | 48.64% | 23.41% | 52.48% | 64.7% | 47.64% | 28.22% | 49.25% | 54.41% | 50.41% | 18.04% | 55.61% | 60.86% | 44.58% | 28.69% |
| Net Income | 97.3M | 132.92M | 148.84M | 85.15M | 116.8M | 123.62M | 113.46M | 143.87M | 87.64M | 108.53M | 128.09M | 79.87M | 88.09M | 115.41M | 137.7M | 103.79M | 61.66M | 74.56M | 70.01M | 61.32M |
| Depreciation & Amortization | 127.59M | 127.61M | 127.34M | 125.82M | 126.66M | 126.94M | 124.93M | 123.99M | 119.69M | 117.6M | 115.73M | 115.77M | 114.86M | 113.2M | 112.72M | 112.84M | 109.32M | 104.42M | 99.95M | 97.17M |
| Stock-Based Compensation | 6.33M | 6.64M | 6.76M | 5.46M | 6.22M | 6.47M | 7.66M | 4.83M | 5.74M | 10.48M | 9.93M | 4.62M | 6.42M | 8.51M | 5.82M | 3.58M | 5.68M | 10.64M | 7.41M | 3.47M |
| Other Non-Cash Items | -17.65M | -55.55M | -74.84M | -83.86M | -43.46M | -50.4M | -41.49M | -78.19M | -23.92M | -39.87M | -64.01M | -13.02M | -31.12M | -57.28M | -82.96M | -53.32M | -21M | -29.35M | -18.47M | -11.53M |
| Working Capital Changes | 24.82M | 81.01M | -5.04M | 13.25M | 17.03M | 65.22M | 18.84M | -92.32M | 44.42M | 77.25M | 12.04M | -71.93M | 29.45M | 35.36M | 27.18M | -98.17M | 62.13M | 59.99M | -160K | -53.42M |
| Cash from Investing | -79.72M | 16.87M | 10.25M | -47.54M | -52.23M | -120.72M | -107.69M | -532.83M | -185.13M | -40.17M | -68.15M | -227.26M | -227.49M | -164.91M | -72.91M | -157.85M | -314.14M | -440.75M | -512.76M | -542M |
| Acquisitions (Net) | -3.96M | 4.77M | -4.77M | 11.45M | -6.61M | -4.84M | -3.34M | 6.94M | -5.83M | -8.6M | -1.12M | -95K | 0 | 0 | 0 | -8.01M | -4.55M | -7.46M | -5.29M | -8.52M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -235.62M | 0 | 0 | 0 | 0 | 0 | 0 | -3.86M | 0 | -479.01M | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25.67M | 87.28M | 0 | 0 | 0 | 0 | 0 | 94.37M | 0 | 0 |
| Other Investing | -43.6M | -11.12M | 38.24M | -146.31M | 10.96M | -85.13M | -73.41M | -499.22M | 95.73M | -5.36M | -68.89M | -314.44M | -188.69M | -129.05M | -41.21M | -244.74M | -258.83M | -19.05M | -483.29M | -501.35M |
| Cash from Financing | -183.78M | -259.96M | -235.84M | -43.32M | -461.89M | 96.6M | -247.07M | 463.01M | -612.63M | 364.52M | -72.2M | 91.16M | -99.33M | -97.34M | 63.3M | 49.36M | 131.91M | 235.68M | 369.24M | 434.77M |
| Dividends Paid | -122.61M | -122.6M | -124.94M | -114.15M | -115.14M | -115.09M | -115.86M | -99.89M | -99.09M | -99.09M | -99.4M | -83.39M | -83.38M | -83.36M | -83.32M | -67.3M | -66.39M | -67.49M | -68.4M | -39.73M |
| Common Dividends | -119.13M | -122.6M | -121.45M | -114.15M | -111.65M | -111.6M | -112.37M | -96.41M | -95.61M | -95.6M | -95.91M | -79.91M | -79.89M | -79.87M | -79.83M | -63.82M | -62.91M | -63.15M | -62.63M | -33.97M |
| Debt Issuance (Net) | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -75.05M | -123.03M | -115.14M | -150.11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -155M | 0 | 0 |
| Other Financing | -16.56M | -96.58M | -26.14M | -29.06M | -468.4M | -28.3M | -45.07M | 42.96M | -24.84M | -26.39M | -45.44M | -11.42M | -11.29M | -11.3M | -21.79M | -9.24M | 16.45M | -8.72M | 6.43M | -5.15M |
| Net Change in Cash | -25.1M | 49.53M | -22.53M | 54.95M | -290.87M | 247.74M | -131.36M | 32.37M | -563.8M | 598.36M | 61.43M | -20.79M | -119.12M | -47.05M | 190.85M | -39.76M | 35.55M | 15.19M | 15.21M | -10.23M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 257.7M | 208.16M | 230.69M | 175.74M | 466.6M | 218.86M | 350.22M | 317.85M | 881.65M | 283.29M | 221.86M | 242.65M | 361.77M | 408.81M | 217.96M | 257.72M | 222.16M | 206.98M | 191.77M | 201.99M |
| Cash at End | 232.59M | 257.7M | 208.16M | 230.69M | 175.74M | 466.6M | 218.86M | 350.22M | 317.85M | 881.65M | 283.29M | 221.86M | 242.65M | 361.77M | 408.81M | 217.96M | 257.72M | 222.16M | 206.98M | 191.77M |
| Free Cash Flow | 206.24M | 315.85M | 179.84M | 264.08M | 166.68M | 241.11M | 192.46M | 61.63M | 202.39M | 247.79M | 177.98M | 87.51M | 168.89M | 179.35M | 168.76M | 28.71M | 172.8M | 190.67M | 134.56M | 64.87M |
| FCF Growth % | 23.74% | 31% | -6.56% | 328.47% | -17.65% | -2.69% | 8.14% | -29.57% | 19.83% | 38.16% | 5.46% | 204.77% | -2.26% | -5.94% | 25.42% | -55.74% | 30.34% | 27.76% | 6.82% | 209.68% |
| FCF / Revenue % | 41.41% | 67.19% | 38.1% | 57.5% | 34.84% | 52.7% | 41.91% | 14.12% | 45.47% | 58.51% | 42.02% | 21.41% | 40.05% | 45.34% | 42.43% | 7.54% | 44.12% | 52.69% | 37.79% | 19.19% |