American Homes 4 Rent Cash Flow Statement
NYSE: AMHReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
American Homes 4 Rent free cash flow
In fiscal 2025, American Homes 4 Rent generated $864.3 million of operating cash flow and spent $40.6 million on capital expenditures. That left free cash flow of $823.7 million, a free-cash-flow margin of 44.5% of revenue. Free cash flow was up 5.9% from the prior year's $777.5 million.
American Homes 4 Rent returned $446.3 million to shareholders through dividends, equal to 54% of free cash flow. Free cash flow covered dividend payments 1.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
American Homes 4 Rent cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 513.39M | 468.14M | 432.14M | 310.02M | 210.56M | 154.83M | 156.26M | 112.44M | 76.49M | 10.45M |
| Net Income growth (YoY) | +9.67% | +8.33% | +39.39% | +47.24% | +35.99% | -0.92% | +38.97% | +46.99% | +632.26% | — |
| Depreciation & Amortization | 504.34M | 477.01M | 456.55M | 426.53M | 372.85M | 343.15M | 329.29M | 318.69M | 297.29M | 298.68M |
| Stock-Based Compensation | 25.82M | 30.98M | 25.37M | 27.31M | 17.79M | 9.83M | 4.81M | 3.43M | 4.21M | 3.64M |
| Change in Working Capital | 19.47M | 32.65M | 45.14M | 35.47M | 39.63M | -1.44M | 14.62M | -400.00K | -1.21M | -23.00M |
| Operating Cash Flow | 864.33M | 811.53M | 738.69M | 665.52M | 595.20M | 474.10M | 457.89M | 410.88M | 385.96M | 278.87M |
| Capital Expenditures | -40.65M | -34.05M | -40.14M | -98.02M | -47.68M | -16.97M | -21.88M | -52.38M | -47.91M | -39.91M |
| Investing Cash Flow | -328.17M | -825.88M | -692.58M | -1.43B | -1.73B | -642.92M | -376.87M | -674.41M | -837.48M | -522.40M |
| Dividends Paid | -446.29M | -383.54M | -319.50M | -252.51M | -146.24M | -61.07M | -59.83M | -58.37M | -38.90M | -48.17M |
| Share Repurchases | — | — | — | — | — | 0 | 0 | -34.97M | 0 | -96.10M |
| Debt Issued | 646.38M | 1.59B | 0 | 876.81M | 737.20M | 0 | 397.94M | 497.21M | 0 | 0 |
| Debt Repaid | — | — | — | — | — | 0 | 0 | -135.09M | 0 | 0 |
| Financing Cash Flow | -655.69M | 142.70M | -42.21M | 786.18M | 1.06B | 269.78M | -92.12M | 255.92M | 384.10M | 324.80M |
| Net Change in Cash | -119.53M | 128.35M | 3.90M | 26.19M | -73.31M | 100.96M | -11.10M | -7.61M | -67.42M | 81.27M |
| Free Cash Flow | 823.68M | 777.48M | 698.55M | 567.50M | 547.52M | 457.13M | 436.00M | 358.50M | 338.05M | 238.96M |
This table shows 10 annual periods of American Homes 4 Rent's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow AMH's reporting calendar. What is a cash flow statement?