APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Mar 31, 2024. Filed May 8, 2024.
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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, 2024 · Filed May 8, 2024
AIV$1.57+2.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows (Unaudited)
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
| Three Months Ended March 31, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(7,196) | $(5,753) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 19,468 | 16,271 |
| Realized and unrealized (gains) losses on interest rate options | (1,672) | 1,057 |
| Realized and unrealized (gains) losses on equity investments | 271 | (137) |
| Income tax expense (benefit) | (2,730) | (4,196) |
| Share-based compensation | 1,666 | 4,519 |
| Income from unconsolidated real estate partnerships | (312) | (174) |
| Amortization of debt issuance costs and other | 3,339 | 936 |
| Changes in operating assets and operating liabilities: | ||
| Operating assets, net | (3,568) | 2,238 |
| Operating liabilities, net | 12,446 | (9,162) |
| Total adjustments | 28,908 | 11,352 |
| Net cash provided by operating activities | 21,712 | 5,599 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures(1) | (40,936) | (64,814) |
| Other investing activities | (153) | 1,580 |
| Net cash used in investing activities | (41,089) | (63,234) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from non-recourse construction loans | 28,982 | 35,491 |
| Principal repayments on non-recourse property debt | (784) | (779) |
| Proceeds from interest rate options | 1,847 | 803 |
| Payments on finance leases | (175) | (796) |
| Common stock repurchased | (6,555) | (14,522) |
| Payments related to withholding taxes for share-based compensation | (567) | — |
| Distributions to redeemable noncontrolling interests | (2,034) | (3,095) |
| Contributions from noncontrolling interests | 485 | 50 |
| Distributions to noncontrolling interests | (401) | (287) |
| Contributions from redeemable noncontrolling interests | — | 124 |
| Redemption of OP Units held by third parties | (285) | (254) |
| Other financing activities | — | (232) |
| Net cash provided by financing activities | 20,513 | 16,503 |
| NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | 1,136 | (41,132) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD | 139,267 | 229,766 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $140,403 | $188,634 |
(1)Accrued capital expenditures were$39.8 million and $43.8 million as of March 31, 2024 and 2023, respectively.
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