Apollo Commercial Real Estate Finance, Inc. (ARI) quarterly cash flow statement — complete operating, investing & financing history
Apollo Commercial Real Estate Finance, Inc. (ARI) cash flow statement — 17-year operating, investing & financing cash flows
| Metric | 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 | Q3'21 |
|---|
| Cash from Operations | 33.92M | 12.56M | 8.24M | 31.74M | 63.23M | 39.32M | 49.93M | 47.24M | 50.25M | 52.84M | 30.84M | 83.44M | 49.33M | 110.25M | 42.59M | 125.67M | 49.78M | 49.66M | 34.51M | 43.93M |
| Operating CF Growth % | -46.35% | -68.05% | -83.5% | -32.81% | 25.83% | -25.6% | 61.88% | -43.39% | 1.85% | -52.07% | -27.57% | -33.61% | -0.91% | 122.01% | 23.4% | 186.08% | -35.37% | 13.1% | -32.36% | -26.26% |
| Operating CF / Revenue % | -12.98% | 7.28% | 4.51% | 18.99% | 33.85% | 22.61% | 25.54% | 61.52% | 23.38% | 24.66% | 14.34% | 38.95% | 36.86% | 51.57% | 24.8% | 59% | 34.89% | 43.59% | 31.1% | 40.08% |
| Net Income | 25.78M | 26.23M | 29.2M | 50.79M | 20.74M | 25.99M | 40.65M | -91.55M | 35.78M | -105.41M | 45.18M | 45.08M | -84.4M | 47.91M | -3.99M | 182.13M | 70.05M | 14.34M | 37.1M | 60.39M |
| Depreciation & Amortization | 4.63M | 3.98M | 3.4M | 2.78M | 2.53M | 2.46M | 2.38M | 2.34M | 2.29M | 4.66M | 1.04M | 1.02M | 2.2M | 3.99M | -24.15M | 0 | 0 | 704K | 1.1M | 1.1M |
| Stock-Based Compensation | 3.05M | 3.05M | 3.38M | 3.42M | 3.4M | 3.43M | 3.96M | 4.17M | 4.16M | 0 | 0 | 0 | 0 | 0 | 4.52M | 0 | 0 | 0 | 4.48M | 4.41M |
| Other Non-Cash Items | -30.48M | -28.77M | -11.23M | -36.42M | 3.68M | 8.15M | 71.86M | 124.46M | 8.1M | 153.77M | 6.04M | 12.1M | 147.83M | 47.1M | 79.95M | -123.04M | -18.57M | 12.48M | -5.65M | -27.1M |
| Working Capital Changes | 30.95M | 8.08M | -16.52M | 11.17M | 32.88M | -715K | -68.92M | 7.82M | -80K | -173K | -21.41M | 25.24M | -16.3M | 11.26M | -13.75M | 66.58M | -1.69M | 22.14M | -2.51M | 5.14M |
| Cash from Investing | 9.13B | -226.73M | -446M | 314.15M | -797.7M | -457.7M | 586.3M | 206.41M | -48.86M | -166.67M | -156.87M | 115.23M | 22.94M | 87.11M | 184.36M | -189.34M | -756.52M | -577.86M | -593.18M | 249.15M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | -788K | -869K | -628K | -1.21M | -947K | -3.26M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -117.38M | 0 | 0 | 0 | 0 | 29.19M |
| Other Investing | 9.11B | -213.03M | -427.01M | 339.85M | -764.26M | -429.58M | 632.53M | 251.34M | -8.42M | -128.77M | -131.42M | 132.99M | 38.24M | 101.24M | 313.62M | -168.26M | -756.49M | -577.81M | -593.11M | 219.96M |
| Cash from Financing | -8.05B | 200.81M | 333.05M | -278.89M | 744.47M | 266.34M | -513.48M | -235.15M | 10.99M | 48.32M | 42.76M | -197.82M | -95.37M | -92.93M | -325.66M | 146.7M | 732.26M | 404.68M | 658.36M | -254.25M |
| Dividends Paid | -37.82M | -38.67M | -38.91M | -37.8M | -38.35M | -38.48M | -38.22M | -52.4M | -53.69M | -53.91M | -53.53M | -53.53M | -53.51M | -53.71M | -53.17M | -53.18M | -53.16M | -53.34M | -52.91M | -53.19M |
| Common Dividends | -37.82M | -35.6M | -35.85M | -34.74M | -35.28M | -35.42M | -35.16M | -49.33M | -50.62M | -50.84M | -50.46M | -50.47M | -50.45M | -50.64M | -50.11M | -50.11M | -50.09M | -50.27M | -49.84M | -50.07M |
| 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 | -93.24M | -30.28M | 0 | 0 | 0 | 0 | -1K | -2.89M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -73.7M | -5.58M | 19.02M | 20.84M | 13.36M | 11.49M | 44.24M | 38.74M | 34.3M | -10.73M | -5.06M | -399K | -1.03M | -12.58M | -1.16M | 154.14M | -1.11M | -10.5M | -9.2M | -3.6M |
| Net Change in Cash | 1.11B | -12.98M | -106.03M | 68.23M | 11.2M | -150.97M | 123.11M | 19.58M | 13.51M | -64.25M | -82.41M | -207K | -23.48M | 109.5M | -97.23M | 77.64M | 25.87M | -127.36M | 99.69M | 38.83M |
| Exchange Rate Effect | 1.31M | 387K | -1.32M | 1.24M | 1.2M | 1.07M | 356K | 1.08M | 1.14M | 1.26M | 851K | -1.05M | -377K | 5.07M | 1.29M | -5.39M | 351K | -3.84M | 0 | 0 |
| Cash at Beginning | 126.85M | 139.82M | 245.86M | 177.62M | 166.42M | 317.4M | 194.29M | 174.7M | 161.19M | 225.44M | 307.85M | 308.05M | 331.53M | 222.03M | 319.26M | 241.62M | 215.75M | 343.11M | 243.41M | 204.58M |
| Cash at End | 1.24B | 126.85M | 139.82M | 245.86M | 177.62M | 166.42M | 317.4M | 194.29M | 174.7M | 161.19M | 225.44M | 307.85M | 308.05M | 331.53M | 222.03M | 319.26M | 241.62M | 215.75M | 343.11M | 243.41M |
| Free Cash Flow | 46.75M | -271K | -10.12M | 7.25M | 30.73M | 14.45M | 3.7M | 2.3M | 9.81M | 14.94M | 5.4M | 65.68M | 34.03M | 96.12M | 30.71M | 104.6M | 49.75M | 49.61M | 34.44M | 43.87M |
| FCF Growth % | 52.14% | -101.88% | -373.44% | 215.17% | 213.35% | -3.3% | -31.48% | -96.5% | -71.18% | -84.45% | -82.41% | -37.21% | -31.6% | 93.74% | -10.83% | 138.45% | -35.42% | 12.99% | -32.49% | -26.37% |
| FCF / Revenue % | -17.89% | -0.16% | -5.54% | 4.34% | 16.45% | 8.31% | 1.89% | 3% | 4.56% | 6.97% | 2.51% | 30.66% | 25.43% | 44.96% | 17.89% | 49.11% | 34.86% | 43.55% | 31.03% | 40.02% |