Invitation Homes Cash Flow Statement
NYSE: INVHFinanceReal EstateUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Invitation Homes free cash flow
In fiscal 2025, Invitation Homes generated $1.21 billion of operating cash flow and spent $28.3 million on capital expenditures. That left free cash flow of $1.18 billion, a free-cash-flow margin of 43.2% of revenue. Free cash flow was up 12.1% from the prior year's $1.05 billion.
Invitation Homes returned $766.0 million to shareholders: $712.8 million in dividends and $53.2 million in share repurchases, equal to 65% of free cash flow. Free cash flow covered dividend payments 1.7 times.
Summary generated from market data by MetaCap's automated system. Methodology
Invitation Homes 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 | 589.91M | 455.37M | 521.03M | 384.80M | 262.78M | 197.45M | 147.11M | -5.01M | -105.83M | -78.24M |
| Net Income growth (YoY) | +29.55% | -12.60% | +35.40% | +46.44% | +33.09% | +34.22% | — | — | — | — |
| Depreciation & Amortization | 746.93M | 714.33M | 674.29M | 638.11M | 592.13M | 552.53M | 533.72M | 560.54M | 309.58M | 267.68M |
| Stock-Based Compensation | 27.83M | 27.92M | 29.50M | 28.96M | 27.17M | 17.09M | 18.16M | 29.50M | 81.20M | 10.21M |
| Change in Working Capital | 13.92M | 20.48M | 7.06M | -20.77M | 17.53M | -56.20M | -6.09M | -49.07M | -20.90M | -7.59M |
| Operating Cash Flow | 1.21B | 1.08B | 1.11B | 1.02B | 907.66M | 696.71M | 662.13M | 561.24M | 262.97M | 256.05M |
| Capital Expenditures | -28.33M | -30.61M | -30.21M | -122.37M | -77.41M | -98.77M | -57.44M | -4.03M | -4.09M | -3.86M |
| Investing Cash Flow | -652.57M | -465.87M | -773.55M | -814.41M | -1.16B | -425.16M | 102.23M | 62.99M | 64.69M | -258.05M |
| Dividends Paid | -712.84M | -689.24M | -638.13M | -539.03M | -393.81M | -332.15M | -276.68M | -230.07M | -69.00M | 0 |
| Share Repurchases | -53.21M | 0 | 0 | — | — | — | — | — | — | — |
| Debt Issued | 596.86M | 494.27M | 790.14M | 598.43M | 1.94B | 0 | 0 | 0 | 1.50B | 0 |
| Debt Repaid | 0 | -2.50B | 0 | 0 | 0 | -1.50B | 0 | 0 | — | — |
| Financing Cash Flow | -618.49M | -1.09B | 110.02M | -574.11M | 658.99M | -146.03M | -838.10M | -680.80M | -331.31M | -71.79M |
| Net Change in Cash | -64.83M | -477.79M | 443.56M | -364.93M | 407.09M | 125.52M | -73.75M | -56.57M | -3.65M | -73.78M |
| Free Cash Flow | 1.18B | 1.05B | 1.08B | 901.22M | 830.25M | 597.94M | 604.69M | 557.21M | 258.88M | 252.20M |
This table shows 10 annual periods of Invitation Homes'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 INVH's reporting calendar. What is a cash flow statement?