AVB · As filed with the SEC

Avalonbay Communities cash flow statement, by quarter

The statement as Avalonbay Communities presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands

USD thousands	Q2 2026^† 3 months ended Jun 30, 2026	Q1 2026 3 months ended Mar 31, 2026	Q4 2025^† 3 months ended Dec 31, 2025	Q3 2025^† 3 months ended Sep 30, 2025
Cash flows from operating activities:
Net income	156,893^†	328,290	165,985^†	384,162^†
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation expense	232,975^†	233,104	233,387^†	230,371^†
Amortization of deferred financing costs and debt discount	3,601^†	3,634	3,512^†	3,893^†
Amortization of stock-based compensation	8,030^†	5,699	5,190^†	7,149^†
Equity in loss of, and return on, unconsolidated investments and noncontrolling interests, net of eliminations	(2,602)^†	9,851	9,384^†	(39,660)^†
Casualty and impairment loss	0^†	2,007	418^†	0^†
Abandonment of development pursuits, net of recoveries	7,609^†	3,416	2,217^†	1,392^†
Cash flow hedge gains reclassified to earnings	(573)^†	(388)	(380)^†	(69)^†
Gain on sale of real estate assets	115^†	(179,996)	196^†	(180,364)^†
Increase in accrued interest receivable	(7,440)^†	(7,186)	—	—
Increase in prepaid expenses and other assets	(21,018)^†	13,111	32,183^†	(12,101)^†
Decrease in accrued expenses, other liabilities, accrued interest payable and resident security deposits	(13,451)^†	7,391	(25,537)^†	69,581^†
Net cash provided by operating activities	364,139^†	418,933	400,431^†	476,959^†
Cash flows from investing activities:
Development/redevelopment of real estate assets including land acquisitions and deferred development costs	(314,076)^†	(336,820)	(359,655)^†	(300,433)^†
Acquisition of real estate assets, including partnership interest	0^†	0	(38,188)^†	(259,480)^†
Capital expenditures - existing real estate assets	(74,804)^†	(59,453)	(77,960)^†	(74,770)^†
Capital expenditures - non-real estate assets	(2,808)^†	(514)	(664)^†	(634)^†
Increase in payables for construction	6,039^†	15,279	(5,638)^†	(3,714)^†
Proceeds from sale of real estate, net of selling costs	0^†	330,378	172^†	571,189^†
Note receivable payments	—	—	15,023^†	0^†
Distributions from unconsolidated entities and investment sale proceeds	—	—	7,500^†	—
Note receivable lending	(27,909)^†	(11,999)	—	(4,697)^†
Note receivable repayments	0^†	17,580	—	—
Distributions from unconsolidated entities and investment sale proceeds	0^†	180	—	—
Unconsolidated investments	(3,343)^†	(3,611)	(4,128)^†	(29,328)^†
Net cash used in investing activities	(416,901)^†	(48,980)	(467,290)^†	(101,867)^†
Cash flows from financing activities:
Issuance of common stock, net	609,806^†	0	83,268^†	0^†
Repurchase of common stock, net	0^†	(198,480)	(336,269)^†	(151,846)^†
Dividends paid	(249,494)^†	(249,300)	(249,454)^†	(250,233)^†
Net borrowings under unsecured credit facility and commercial paper	146,064^†	30,114	504,627^†	(430,019)^†
Repayments of mortgage notes payable, including prepayment penalties	(9,171)^†	(982)	(973)^†	(1,062)^†
Issuance of unsecured debt	—	—	399,824^†	497,488^†
Repayment of unsecured debt	—	—	(300,000)^†	0^†
Payment of deferred financing costs	(1)^†	(224)	(3,144)^†	(4,037)^†
Receipt for termination of forward interest rate swaps	—	—	242^†	4,099^†
Payments related to tax withholding for share-based compensation	(149)^†	(13,070)	(70)^†	(99)^†
Noncontrolling interests, joint venture and preferred equity transactions	(14,269)^†	0	0^†	(12,864)^†
Net cash (used in) provided by financing activities	7,786^†	(431,942)	98,051^†	(348,573)^†
Net (decrease) increase in cash, cash equivalents and restricted cash	(44,976)^†	(61,989)	31,192^†	26,519^†
Cash, cash equivalents and restricted cash, beginning of period	291,094	353,083	321,891	295,372
Cash, cash equivalents and restricted cash, end of period	246,118	291,094	353,083	321,891
Cash paid during the period for interest, net of amount capitalized	77,643^†	60,407	73,217^†	32,918^†

† Derived: worked out from the filings, not stated in them. A fourth quarter is the 10-K year less the nine months in the third-quarter 10-Q; a quarter of cash flows is year to date less the prior year to date.

As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.