INDEPENDENCE REALTY TRUST, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $56.6M | $39.3M | $-17.2M | $117.2M | $44.6M | $14.8M | $45.9M | $26.3M |
| Depreciation & Amortization | $243.2M | $220.9M | $219.0M | $252.8M | $76.9M | $60.7M | $52.8M | $45.2M |
| Depreciation | — | $218.0M | $217.0M | $197.5M | $70.6M | $60.1M | $51.2M | $41.8M |
| Amortization | $8.7M | $1.4M | $731.0K | $54.0M | $5.1M | $631.0K | $1.6M | $3.4M |
| Stock-Based Compensation | $7.9M | $7.1M | $7.7M | $7.9M | $7.2M | $5.6M | $3.1M | $2.5M |
| Net Cash from Operating Activities | $282.1M | $259.8M | $262.2M | $249.5M | $52.3M | $75.0M | $75.0M | $68.5M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | $177.0K | $84.0K | $249.0K | $599.0K |
| Business Acquisitions | — | — | $0 | $0 | $186.1M | $0 | — | — |
| Net Cash from Investing Activities | $-142.9M | $-20.6M | $-1.7M | $-135.8M | $-216.1M | $-124.5M | $-106.4M | $-229.5M |
| Financing Activities | ||||||||
| Dividends Paid | $154.4M | $144.0M | $134.9M | $105.8M | $49.8M | $56.1M | $64.7M | $52.5M |
| Stock Repurchases | $30.0M | $0 | $0 | — | — | — | — | — |
| Net Cash from Financing Activities | $-135.1M | $-246.4M | $-253.7M | $-135.4M | $215.9M | $48.8M | $29.8M | $162.4M |
| Net Change in Cash | $4.2M | $-7.3M | $6.7M | $-21.7M | $52.1M | $-818.0K | $-1.6M | $1.4M |
| Free Cash Flow | — | — | — | — | $52.1M | $74.9M | $74.8M | $67.9M |
Buy cheap and sell dear.