EQUITY LIFESTYLE PROPERTIES INC
For the period ended Mar 31, 2025. Filed Apr 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed Apr 30, 2025
ELS$62.68-0.2%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows for the quarters ended
Consolidated Statements of Cash Flows
| Quarters Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Operating Activities: | ||
| Consolidated net income | $114,393 | $115,271 |
| Adjustments to reconcile consolidated net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 52,176 | 52,427 |
| Amortization of loan costs | 1,239 | 1,286 |
| Equity in income of unconsolidated joint ventures | (4,901) | (283) |
| Distributions of income from unconsolidated joint ventures | 74 | 224 |
| Proceeds from insurance claims, net | 145 | (12,349) |
| Compensation expense related to incentive plans | 2,334 | 2,497 |
| Revenue recognized from membership upgrade sales upfront payments | (3,220) | (3,947) |
| Commission expense related to memberships | 971 | 1,108 |
| Changes in assets and liabilities: | ||
| Manufactured homes, net | (3,074) | 2,333 |
| Notes receivable, net | 2,996 | 539 |
| Deferred commission expense | (1,599) | (1,491) |
| Other assets, net | 19,632 | 11,157 |
| Accounts payable and other liabilities | 1,627 | 15,801 |
| Deferred membership revenue | 4,372 | 9,080 |
| Rents and other customer payments received in advance and security deposits | 6,225 | 5,095 |
| Net cash provided by operating activities | 193,390 | 198,748 |
| Cash Flows From Investing Activities: | ||
| Investment in unconsolidated joint ventures | (8,690) | (1,330) |
| Distributions of capital from unconsolidated joint ventures | 7,404 | 1,586 |
| Proceeds from insurance claims, net | 4,167 | 3,158 |
| Capital improvements | (45,202) | (54,706) |
| Net cash used in investing activities | (42,321) | (51,292) |
Consolidated Statements of Cash Flows (continued)
| Quarters Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Cash Flows From Financing Activities: | ||
| Proceeds from stock options and employee stock purchase plan | 391 | 382 |
| Distributions: | ||
| Common Stockholders | (91,229) | (83,426) |
| Common OP Unitholders | (4,347) | (4,074) |
| Share based award tax withholding payments | (2,258) | (1,908) |
| Principal payments and mortgage debt repayment | (16,665) | (15,929) |
| Line of credit repayment | (199,500) | (158,000) |
| Line of credit proceeds | 185,500 | 133,000 |
| Other | (61) | (157) |
| Net cash used in financing activities | (128,169) | (130,112) |
| Net increase in cash and restricted cash | 22,900 | 17,344 |
| Cash and restricted cash, beginning of period | 24,576 | 29,937 |
| Cash and restricted cash, end of period | $47,476 | $47,281 |
| Quarters Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Supplemental Information: | ||
| Cash paid for interest, net | $31,661 | $33,630 |
| Cash paid for the purchase of manufactured homes | $11,273 | $12,927 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.