APARTMENT INVESTMENT & MANAGEMENT CO
For the period ended Sep 30, 2024. Filed Nov 7, 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.
Sep 30, 2024 · Filed Nov 7, 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
| Nine Months Ended September 30, | ||
|---|---|---|
| 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(88,364) | $(3,952) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization | 65,123 | 51,106 |
| Realized and unrealized (gains) losses on interest rate contracts | (1,164) | (3,280) |
| Realized and unrealized (gains) losses on equity investments | 48,101 | (165) |
| Income tax expense (benefit) | (8,731) | (10,823) |
| Share-based compensation | 4,857 | 7,632 |
| Loss on extinguishment of debt, net | — | 929 |
| Gain on dispositions of real estate | — | (1,878) |
| Loss (income) from unconsolidated real estate partnerships | 1,707 | (614) |
| Amortization of debt issuance costs and other | 16,175 | 2,811 |
| Changes in operating assets and operating liabilities: | ||
| Operating assets, net | (7,107) | 2,057 |
| Operating liabilities, net | 15,559 | (1,272) |
| Total adjustments | 134,520 | 46,503 |
| Net cash provided by operating activities | 46,156 | 42,551 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchases of real estate | — | (4,108) |
| Capital expenditures(1) | (113,869) | (212,195) |
| Distributions received from unconsolidated real estate partnerships | — | 4,209 |
| Investment in unconsolidated real estate partnerships | (383) | (3,381) |
| Purchase of treasury bill | — | (53,773) |
| Other investing activities | (107) | 5,124 |
| Net cash used in investing activities | (114,359) | (264,124) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from non-recourse construction loans | 84,981 | 127,423 |
| Principal repayments on non-recourse property debt | (2,361) | (62,309) |
| Proceeds from sale of participation in Mezzanine Investment | — | 37,500 |
| Payments of deferred loan costs | (4,324) | (229) |
| Proceeds from interest rate contracts | 5,312 | 57,182 |
| Common stock repurchased | (34,144) | (36,769) |
| Distributions to redeemable noncontrolling interests | (6,289) | (7,210) |
| Contributions from noncontrolling interests | 873 | 234 |
| Distributions to noncontrolling interests | (1,163) | (885) |
| Contributions from redeemable noncontrolling interests | 1,390 | 125 |
| Redemption of OP Units held by third parties | (685) | (709) |
| Other financing activities | (4,246) | (6,661) |
| Net cash provided by financing activities | 39,344 | 107,692 |
| NET DECREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH | (28,859) | (113,881) |
| CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD | 139,267 | 229,766 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $110,408 | $115,885 |
(1)Accrued capital expenditures were$31.6 million and $54.3 million as of September 30, 2024 and 2023, respectively.
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