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Invitation Homes cash flow statement

In fiscal 2025, Invitation Homes's operations generated $1.21bn of cash; it spent $28.3m on capital projects, leaving free cash flow of $1.18bn. It returned $713m in dividends and $53.2m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations1972562635616626979081,0241,1071,0821,2061,189
Depreciation and amortisation250268310561534553592638674714747773
Stock-based pay281081291817272930282839
Capital spending24445799771223031280
Free cash flow1952522595576055988309011,0771,0511,1781,189
Free cash flow after stock pay1682421785285875818038721,0471,0231,1501,150
Dividends paid682069230277332394539638689713720
Share buybacks————————0053851
Shares issued——00556879349800——

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Invitation Homes's SEC filings (10-K and 10-Q), retrieved October 30, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Invitation Homes.