Invitation Homes Inc. INVH Cash Flow

Invitation homes inc. (INVH)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16
Operating Activities:
Net income
176,218	147,111	120,271	87,329	33,736	-5,013	-77,181	-100,732	-81,015	-105,826	-86,021	-85,460	-110,655	-78,239	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization
535,137	533,719	530,175	536,231	549,650	560,541	537,341	465,436	386,501	309,578	271,978	270,992	269,556	267,681	0	0	0
Share-based compensation expense
16,652	18,158	19,764	21,207	25,608	29,499	40,321	46,257	46,457	81,203	61,651	54,358	50,248	10,210	0	0	0
Amortization of deferred leasing costs
10,898	10,621	10,417	10,485	10,993	11,258	11,443	11,750	11,848	12,143	12,500	12,770	13,166	13,756	0	0	0
Amortization of deferred financing costs
37,061	39,259	38,752	37,671	33,346	27,191	20,546	15,594	14,939	22,271	28,046	35,193	44,370	45,819	0	0	0
Amortization of debt discounts
6,327	7,343	8,334	9,325	9,234	9,124	8,004	5,784	3,589	1,390	944	2,179	3,537	4,900	0	0	0
Impairment of Real Estate
13,428	14,210	14,428	11,764	9,359	6,709	4,245	3,373	1,797	2,231	2,243	2,895	3,319	2,282	0	0	0
Gain (Loss) on Sale of Properties
93,964	96,336	93,283	83,983	61,752	49,682	26,612	18,856	25,077	33,896	33,651	32,861	23,719	18,590	0	0	0
Change in fair value of derivative instruments
-653	-1,913	-5,251	-8,357	-12,144	-12,039	-10,651	-7,895	-4,339	-5,845	-13,252	-13,062	-13,012	-9,260	0	0	0
Paid in kind interest on warehouse loan
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other noncash amounts included in net income
7,173	6,569	-3,293	-8,765	-7,914	-6,342	-2,899	3,656	3,756	2,940	1,461	815	346	682	0	0	0
Changes in operating assets and liabilities:
Restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other assets, net
21,981	10,890	6,606	16,238	-9,611	14,083	7,689	9,709	18,089	10,605	22,132	9,258	24,445	14,531	0	0	0
Accounts payable and accrued expenses
-24,329	5,207	-14,250	-7,560	-12,561	-26,643	1,644	-4,660	-15,581	-10,294	23,808	14	9,650	6,936	0	0	0
Resident security deposits
-512	-1,208	-2,282	-80	470	2,306	5,434	6,399	5,515	3,281	3,195	3,500	3,937	5,344	0	0	0
Other liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-	-	-	-	-	-8,347	-25,432	-21,428	-14,491	-11,411	635	118	978	1,908	0	0	0
Net cash provided by operating activities
646,668	662,130	639,008	626,248	624,344	561,241	505,614	403,447	316,976	262,970	278,782	269,787	254,797	256,054	0	0	0
Investing Activities:
Amounts deposited and held by others
-5	395	4,532	1,165	-9,458	-9,074	-12,693	-11,697	-472	-2,513	-1,013	-3,600	-5,493	-5,718	0	0	0
Acquisition of single-family residential properties
668,088	586,075	473,048	378,548	259,363	252,391	258,830	264,016	249,172	228,499	181,270	162,924	199,304	284,224	0	0	0
Initial renovations to single-family residential properties
78,835	57,437	44,967	38,732	38,557	45,733	56,908	55,349	52,590	42,625	30,681	35,364	43,705	56,802	0	0	0
Other capital expenditures for single-family residential properties
174,972	164,244	155,311	150,933	139,947	141,688	129,246	98,239	78,889	58,456	44,492	45,761	46,680	45,936	0	0	0
Corporate capital expenditures
-	-	-	-	-	-	-	-	-	-	2,993	2,841	3,510	3,857	0	0	0
Proceeds from sale of single-family residential properties
836,339	855,583	782,171	704,402	582,156	490,699	255,019	199,561	183,433	205,980	188,656	188,389	144,041	143,090	0	0	0
Purchases of investments in debt securities
-	-	-	-	-	211,737	206,973	206,973	141,006	95,174	0	0	0	-	-	-	-
Repayment proceeds from retained debt securities
47,058	49,960	114,401	200,509	232,362	224,035	198,044	107,589	79,406	79,292	0	0	0	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Other investing activities
-4,950	-4,834	-6,760	-4,043	186	9,266	13,547	11,992	11,135	1,846	0	0	0	-	-	-	-
Net cash provided by (used in) investing activities
-33,543	102,226	177,456	291,558	220,018	62,993	6,569	-112,720	-65,703	64,693	-42,172	-63,559	-149,499	-258,047	0	0	0
Financing Activities:
Proceeds from IPO, net of underwriting discounts
-	-	-	-	-	-	-	-	-	1,692,058	1,692,058	1,692,058	1,692,058	0	0	0	0
IPO costs paid
-	-	-	-	-	-	-	-	-	2,757	5,726	5,726	5,426	2,969	0	0	0
Payment of dividends and dividend equivalents
290,490	276,681	264,282	251,380	240,605	230,072	197,645	165,172	126,429	68,997	0	0	0	-	-	-	-
Distributions to non-controlling interests
2,433	3,074	3,605	3,873	4,158	4,020	3,086	2,094	1,098	61	0	0	0	-	-	-	-
Payment of taxes related to net share settlement of RSUs
4,612	8,164	8,999	9,932	9,370	9,245	14,388	23,305	22,482	15,884	0	0	0	-	-	-	-
Contributions
-	-	-	-	-	-	-	-	-	-	-	-	-	138,002	0	0	0
Redemption of Series A Preferred Stock
-	-	-	-	-	-	-	-	-	-	0	0	1,289	-	0	0	0
Proceeds from credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	184,682	0	0	0
Payments on credit facilities
-	-	-	-	-	-	-	-	-	2,321,585	2,413,955	2,428,969	2,497,362	219,045	0	0	0
Proceeds from mortgage loans
-	-	-	-	-	4,234,483	4,139,206	4,139,206	2,778,018	1,861,447	0	0	0	-	-	-	-
Repayments of Secured Debt
923,996	997,421	1,961,713	2,090,389	3,887,137	4,579,594	4,280,682	4,066,584	2,793,806	2,951,008	2,099,987	2,099,091	1,047,690	46,817	0	0	0
Proceeds from term loan facility
-	-	-	-	-	-	-	-	-	1,500,000	1,500,000	1,500,000	1,500,000	0	0	0	0
Proceeds from revolving facility
785,000	485,000	290,000	320,000	305,000	285,000	0	0	0	-	-	-	-	-	-	-	-
Payments on revolving facility
515,000	485,000	290,000	320,000	320,000	320,000	345,000	235,000	120,000	100,000	0	0	0	-	-	-	-
Proceeds from issuance of common stock, net
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments on warehouse loans
-	-	-	-	-	-	-	-	-	-	-	-	-	115,261	0	0	0
Deferred financing costs paid
-	-	-	-	-	55,681	55,003	55,000	41,890	54,576	44,485	44,590	35,486	11,194	0	0	0
Other financing activities
-9,252	-8,876	-795	-662	-1,423	-1,676	-2,524	-2,411	-1,514	-1,153	0	0	0	-	-	-	-
Net cash provided by (used in) financing activities
-448,748	-838,102	-873,691	-1,008,273	-883,692	-680,805	-416,765	-178,003	-197,144	-331,312	-441,702	-427,758	-257,333	-71,788	0	0	0
Change in cash, cash equivalents, and restricted cash
164,377	-73,746	-57,227	-90,467	-39,330	-56,571	95,418	112,724	54,129	-3,649	-205,092	-221,530	-152,035	-73,781	0	0	0
Supplemental cash flow disclosures:
Interest paid, net of amounts capitalized
316,095	322,085	326,051	325,824	331,492	335,973	321,259	290,660	260,458	226,306	221,804	223,530	219,486	223,237	0	0	0
Cash paid for income taxes
2,277	2,781	2,820	2,395	2,264	2,069	2,107	1,911	3,196	2,525	0	0	0	-	-	-	-
Operating cash flows from operating leases
5,437	5,365	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Financing cash flows from finance leases
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Noncash investing and financing activities:
ROU assets obtained in exchange for operating lease liabilities
518	1,721	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
ROU assets obtained in exchange for finance lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Accrued renovation improvements at period end
20,510	13,382	7,012	7,163	6,803	7,189	9,079	11,061	10,842	8,715	4,196	793	-449	4,962	0	0	0
Accrued residential property capital improvements at period end
14,773	11,520	12,928	10,927	9,246	7,189	12,546	12,407	10,854	7,282	4,589	4,096	2,778	3,847	0	0	0
Transfer of residential property, net to other assets, net for held for sale assets
511,035	545,448	560,502	545,255	476,306	441,005	395,650	129,411	103,112	76,801	60,497	82,671	72,953	45,062	0	0	0
Reclassification of IPO costs from other assets to additional paid-in capital
-	-	-	-	-	-	-	-	-	2,969	2,969	2,969	2,629	0	0	0	0
Change in other comprehensive income from cash flow hedges
-499,576	-266,676	-503,842	-397,494	-231,807	-73,242	0	0	0	-	-	-	-	0	0	0	0
Change in other comprehensive income from cash flow hedges
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-
Capital leases
-	-	-	-	-	2,209	2,209	2,448	2,209	0	0	0	0	-	-	-	-