APPLE HOSPITALITY REIT, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $175.4M | $214.1M | $177.5M | $144.8M | $18.8M | $-173.2M | $171.9M | $206.1M |
| Depreciation & Amortization | $192.6M | $190.6M | $183.2M | $181.7M | $184.5M | $199.8M | $193.2M | $183.5M |
| Depreciation | — | — | — | — | — | — | — | $183.5M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $370.2M | $405.4M | $399.0M | $368.4M | $217.6M | $26.7M | $381.7M | $404.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $88.2M | $78.3M | $76.8M | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | $0 |
| Net Cash from Investing Activities | $-135.4M | $-215.7M | $-364.6M | $-135.9M | $-150.7M | $-82.3M | $-14.3M | $-210.2M |
| Financing Activities | ||||||||
| Dividends Paid | $240.4M | $243.7M | $238.3M | $139.5M | $6.8M | $67.4M | $268.7M | $275.9M |
| Stock Repurchases | $58.3M | $34.7M | $6.9M | $2.7M | — | $14.3M | $4.3M | $104.3M |
| Net Cash from Financing Activities | $-239.5M | $-189.2M | $-34.3M | $-229.0M | $-61.3M | $55.2M | $-366.3M | $-190.8M |
| Net Change in Cash | $-4.6M | $449.0K | $106.0K | $3.6M | $5.6M | $-293.0K | $1.0M | $3.8M |
| Free Cash Flow | $282.0M | $327.1M | $322.2M | — | — | — | — | — |