Mid-America Apartment Communities Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $446.9M | $527.5M | $552.8M | $637.4M | $533.8M | $255.0M | $353.8M | $222.9M |
| Depreciation & Amortization | $623.0M | $586.4M | $565.9M | $544.0M | $534.4M | $511.7M | $497.8M | $491.0M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $16.8M | $15.8M | $15.7M | $18.8M | $16.7M | $14.3M | $13.7M | $12.4M |
| Net Cash from Operating Activities | $1.08B | $1.10B | $1.14B | $1.06B | $895.0M | $823.9M | $781.4M | $734.3M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-690.2M | $-825.5M | $-775.3M | $-405.2M | $-253.6M | $-484.7M | $-238.3M | $-366.4M |
| Financing Activities | ||||||||
| Dividends Paid | $709.0M | $686.9M | $651.7M | $539.6M | $470.4M | $457.4M | $437.7M | $419.8M |
| Stock Repurchases | $27.2M | $0 | $0 | — | — | — | — | — |
| Net Cash from Financing Activities | $-370.7M | $-271.1M | $-367.9M | $-722.8M | $-546.4M | $-374.1M | $-524.3M | $-405.1M |
| Net Change in Cash | $17.2M | $1.7M | $-6.0M | $-69.5M | $95.0M | $-34.9M | $18.9M | $-37.2M |
| Free Cash Flow | — | — | — | — | — | — | — | — |