Preferred Apartment Communities (APTS)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2021 | 12-2020 | 12-2019 | 12-2018 | 12-2017 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 20,532 | -181,603 | -7,458 | 44,538 | 28,667 |
| Depreciation Amortization | 164,288 | 195,452 | 179,476 | 167,696 | 116,810 |
| Accounts receivable | -5,432 | -24,819 | -21,209 | -7,631 | -12,105 |
| Other Working Capital | 2,802 | 17,311 | -17,286 | -5,632 | -21,130 |
| Other Operating Activity | -148 | 41,551 | 12,108 | -53,590 | -25,953 |
| Operating Cash Flow | $182,042 | $47,892 | $145,631 | $145,381 | $86,289 |
| Cash Flows From Investing Activities | |||||
| Change In Deposits | 0 | 31,471 | 0 | 41,117 | N/A |
| PPE Investments | -14,066 | 141,378 | -666,764 | -886,593 | -674,424 |
| Net Acquisitions | N/A | N/A | N/A | 4,534 | -2,034 |
| Purchase Of Investment | -66,562 | -58,519 | -128,477 | -246,733 | -148,346 |
| Sale Of Investment | 12,706 | 3,898 | 80,305 | N/A | N/A |
| Other Investing Activity | 141,957 | 125,897 | 53,879 | 205,870 | 97,627 |
| Investing Cash Flow | $74,035 | $244,125 | $-661,057 | $-881,805 | $-727,177 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 602,839 | 841,184 | 745,487 | 1,141,675 | 792,713 |
| Debt Repayment | -433,942 | -876,181 | -517,888 | -679,616 | -508,212 |
| Common Stock Issued | 28,154 | 4,546 | 11,659 | 20,052 | 155,183 |
| Dividend Paid | -191,186 | -203,846 | -157,177 | -125,326 | -89,375 |
| Other Financing Activity | -274,778 | -119,257 | 482,908 | 394,317 | 295,876 |
| Financing Cash Flow | $-268,913 | $-353,554 | $564,989 | $751,102 | $646,185 |
| Beginning Cash Position | 75,716 | 137,253 | 87,690 | 73,012 | 67,715 |
| End Cash Position | 62,880 | 75,716 | 137,253 | 87,690 | 73,012 |
| Net Cash Flow | $-12,836 | $-61,537 | $49,563 | $14,678 | $5,297 |
| Free Cash Flow | |||||
| Operating Cash Flow | 182,042 | 47,892 | 145,631 | 145,381 | 86,289 |
| Capital Expenditure | -365,565 | -374,836 | -667,307 | -1,051,431 | -791,237 |
| Free Cash Flow | -183,523 | -326,944 | -521,676 | -906,050 | -704,948 |