APPLE HOSPITALITY REIT, INC.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $182.5M | $144.7M | $117.3M | $6.8M | $115.2M | $75.5M | $70.0M | $16.3M |
| Depreciation & Amortization | $176.5M | — | — | — | — | — | — | — |
| Depreciation | $176.5M | $148.2M | $127.4M | $113.1M | $54.8M | $52.7M | $48.4M | $28.4M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $384.1M | $331.2M | $281.1M | $252.2M | $137.4M | $123.0M | $116.0M | $38.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $0 | $82.3M | $233.1M | $0 | $7.2M | $18.0M | $161.6M | $740.7M |
| Net Cash from Investing Activities | $-158.3M | $-162.2M | $-82.3M | $-58.4M | $25.4M | $106.0M | $-166.1M | $-786.1M |
| Financing Activities | ||||||||
| Dividends Paid | $267.9M | $229.1M | $229.1M | $233.4M | $151.6M | $155.0M | $160.4M | $118.1M |
| Stock Repurchases | $0 | $7.9M | $237.6M | $2.3M | — | — | — | — |
| Net Cash from Financing Activities | $-225.4M | $-162.2M | $-198.8M | $-211.9M | $-153.8M | $-250.6M | $-143.3M | $698.5M |
| Net Change in Cash | $0 | $0 | $0 | $-18.1M | $9.1M | $-21.7M | $-193.4M | $-48.8M |
| Free Cash Flow | — | — | — | — | — | — | — | — |