Financial Statements

American Campus Communities, Inc. (ACC)

$65.42

+0.05 (+0.08%)

Cash Flow Statement

All numbers are in thousands
Year XLSX
2021
XLSX
2020
XLSX
2019
XLSX
2018
XLSX
2017
Operating Cash Flow 334,795351,117370,379376,621319,954
Net Income 35,48972,80384,969117,09569,038
Depreciation & Amortization 275,597267,703275,046263,203234,955
Deferred income taxes 1,3611,3491,5072,429989
Stock-based compensation 19,85315,42413,61712,17613,854
Change in working capital -2,04040,8828,66029,818-13,455
Other non-cash items 4,535-47,044-13,420-48,10014,573
Investing Cash Flow -239,440-207,432-416,140-335,812-977,799
Investments in PPE -68,957-60,410-73,744-74,463-86,255
Other Investing Activites -170,483-147,022-342,396-261,349-891,544
Financing Cash Flow -34,650-151,06120,592936676,887
Debt repayment -1,204,523-2,493,611-976,356-1,483,851-1,297,202
Dividends payments -262,565-259,566-258,620-250,521-236,545
Common Stock Issuance 59,674---190,912
Other Financing Activites 1,372,7642,602,1161,255,5681,735,3082,019,722
Accounts receivables -3,0972,340-5,407148-414
Accounts payables 6,361-5,308-1,53231,299-26,718
Inventory -6,3615,3081,532-31,29926,718
Other working capital 1,05738,54214,06729,670-13,041
Cash at beginning of period 73,97281,348106,51764,77222,140
Cash at end of period 134,67773,97281,348106,51741,182
Capital Expenditure -68,957-60,410-73,744-74,463-86,255
Net cash flow / Change in cash 60,705-7,376-25,16941,74519,042
Free Cash Flow 265,838290,707296,635302,158233,699

American Campus Communities, Inc. income statement is the only one that provides an overview of company sales and net income
The reasoning behind the adjustment, however, is that free cash flow is meant to measure money being spent right now, not transactions that happened in the past. This makes American Campus Communities, Inc. FCF a useful instrument for identifying growing companies with high up-front costs, which may eat into earnings now but have the potential to pay off later.