Equity Residential (EQR) quarterly cash flow statement — complete operating, investing & financing history
| Metric | 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 | Q2'21 |
|---|
| Cash from Operations | 400.51M | 387.03M | 476.66M | 359.55M | 425.52M | 354.23M | 401.41M | 396.94M | 421.03M | 344.27M | 442.54M | 352.7M | 393.28M | 334.53M | 429.35M | 322.82M | 368.06M | 281.97M | 402.09M | 230.07M |
| Operating CF Growth % | -5.88% | 9.26% | 18.75% | -9.42% | 1.07% | 2.89% | -9.29% | 12.54% | 7.06% | 2.91% | 3.07% | 9.26% | 6.85% | 18.64% | 6.78% | 40.31% | 6.36% | 21.95% | 0.71% | -8.93% |
| Operating CF / Revenue % | 51.36% | 49.05% | 60.92% | 46.77% | 55.93% | 46.2% | 53.64% | 54.07% | 57.61% | 47.32% | 61.12% | 49.17% | 55.78% | 47.81% | 61.77% | 46.99% | 56.33% | 43.71% | 64.52% | 38.47% |
| Net Income | 93.1M | 271.27M | 296.87M | 198.78M | 264.8M | 433.87M | 148.52M | 183.56M | 305.03M | 322.27M | 181.29M | 144.86M | 220.07M | 165.35M | 335.17M | 232.68M | 73.8M | 560.98M | 447.33M | 328.04M |
| Depreciation & Amortization | 250.69M | 258.11M | 257.83M | 244.09M | 259.94M | 267.38M | 242.8M | 227.64M | 228.93M | 230.01M | 227.95M | 224.56M | 218.98M | 217.31M | 217.15M | 226.86M | 233.01M | 225.22M | 218.38M | 204.87M |
| Stock-Based Compensation | 9.6M | 0 | 5.4M | 11.19M | 10.37M | 4.51M | 5.43M | 11.88M | 9.47M | 4.87M | 6.1M | 11.8M | 9.04M | 4.95M | 5.96M | 9.4M | 9.2M | 5.89M | 5.84M | 7.4M |
| Other Non-Cash Items | 47.13M | -131.57M | -153.85M | -48.75M | -142.03M | -306.77M | -7.93M | -30.78M | -189.05M | -158.15M | -25.81M | 6.1M | -93.32M | 7.5M | -186.1M | -99.48M | 6.7M | -458.07M | -356.11M | -240.16M |
| Working Capital Changes | 0 | -10.78M | 70.41M | -45.78M | 32.45M | -44.76M | 12.6M | 4.64M | 66.65M | -54.73M | 53.01M | -34.63M | 38.5M | -60.58M | 57.18M | -46.64M | 45.35M | -52.05M | 86.65M | -70.07M |
| Cash from Investing | -92.16M | 301.74M | -104.1M | -616.34M | 97.34M | 187.13M | -1.36B | -138.36M | 136.01M | 58.85M | -197.08M | -315M | 43.72M | -135.54M | 288.67M | 151.7M | -197.04M | -125.03M | -254.23M | 70.99M |
| Acquisitions (Net) | 0 | 0 | -21.51M | -83.81M | -32.32M | -30.07M | -19.57M | -52.27M | -7.81M | -12.81M | -8.66M | -11.92M | -14.48M | -23.24M | -87.88M | -23.68M | -24.9M | -48.71M | -26.59M | -2.11M |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -2.5M | 0 | -1.02M | -11K | -25K | -1.01M | -500K | -846K | -140.61M |
| Sale of Investments | 0 | 395.39M | 681K | 0 | 359K | 7.58M | 0 | 7.46M | 0 | 90K | 2.5M | 0 | 452K | 0 | 150K | 0 | 3.43M | 0 | 0 | 191.4M |
| Other Investing | -92.16M | -93.65M | -83M | -532.44M | 130.24M | 210.82M | -1.34B | -93.17M | 144.35M | 71.96M | -190.5M | -300.14M | 58.35M | -109.47M | 377.67M | 175.42M | -173.59M | -75.38M | -226.59M | 22.77M |
| Cash from Financing | 0 | -729.42M | -305.01M | 247.2M | -541.49M | -507.75M | 947.98M | -316.71M | -500.47M | -389.86M | -243.38M | -132.14M | -355.09M | -183.28M | -715.21M | -467.57M | -419.56M | -23.45M | -313.61M | -6.4M |
| Dividends Paid | 0 | -264.03M | -263.49M | -263.39M | -256.76M | -256.42M | -256.59M | -256.13M | -252.3M | -252.34M | -251.1M | -251.7M | -238.1M | -235.1M | -235.85M | -235.74M | -227.41M | -226.71M | -226.32M | -225.45M |
| Common Dividends | 0 | -263.68M | -263.13M | -263.04M | -256.4M | -256.06M | -255.88M | -255.78M | -251.33M | -251.56M | -251.1M | -250.92M | -236.56M | -235.1M | -235.07M | -234.97M | -226.64M | -225.94M | -225.55M | -224.68M |
| Debt Issuance (Net) | 0 | -1000K | 1000K | 1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | -1000K | 1000K |
| Share Repurchases | 0 | -186.43M | -94.29M | 0 | 0 | 0 | 0 | 0 | -38.47M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | 0 | 434.41M | -457.72M | -490.49M | -11.68M | -4.03M | -5.94M | -4.82M | -4.2M | -45.55M | 13.6M | -8.32M | -414K | 127.21M | -6M | -35.66M | -7.72M | 9.94M | 15.45M | 8.72M |
| Net Change in Cash | 0 | -40.65M | 67.55M | -9.59M | -18.62M | 33.61M | -11.86M | -58.14M | 56.56M | 13.27M | 2.08M | -94.44M | 81.91M | 15.71M | 2.82M | 6.95M | -248.54M | 133.49M | -165.75M | 294.67M |
| 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 | 0 | 199.5M | 131.95M | 141.54M | 160.17M | 126.56M | 138.42M | 196.56M | 140M | 126.73M | 124.64M | 219.09M | 137.17M | 121.47M | 118.65M | 111.7M | 360.24M | 226.75M | 392.5M | 97.84M |
| Cash at End | 0 | 158.85M | 199.5M | 131.95M | 141.54M | 160.17M | 126.56M | 138.42M | 196.56M | 140M | 126.73M | 124.64M | 219.09M | 137.17M | 121.47M | 118.65M | 111.7M | 360.24M | 226.75M | 392.5M |
| Free Cash Flow | 400.51M | 282.4M | 374.28M | 274.3M | 358.72M | 277.91M | 320.16M | 313.02M | 343.83M | 251.53M | 345.01M | 268.82M | 333.89M | 250.41M | 367.79M | 273.54M | 330.78M | 234.65M | 356.43M | 187.45M |
| FCF Growth % | 11.65% | 1.62% | 16.91% | -12.37% | 4.33% | 10.49% | -7.2% | 16.44% | 2.97% | 0.45% | -6.19% | -1.73% | 0.94% | 6.72% | 3.19% | 45.93% | 5.68% | 28.04% | -1.5% | -13.39% |
| FCF / Revenue % | 51.36% | 35.79% | 47.84% | 35.68% | 47.15% | 36.24% | 42.78% | 42.64% | 47.05% | 34.57% | 47.65% | 37.48% | 47.35% | 35.79% | 52.91% | 39.81% | 50.63% | 36.37% | 57.19% | 31.34% |