Vivmark Residential (VMRK) Cash Flow Statement
Where VMRK’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $1.65B +4.8% vs 2024
- Capital expenditures
- $359.1M 11.6% of revenue
- Free cash flow
- $1.29B 41.6% margin
- Returned to shareholders
- $1.33B 103% of free cash flow
- Change in cash
- −$1.3M cash at year-end $158.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
VMRK operating cash flow, capex and free cash flow
VMRK cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $1.21B2016 | $1.65B2025 | +3.5%/yr | |
| Capital expenditures | $229.4M2016 | $359.1M2025 | +5.1%/yr | |
| Free cash flow | $984.8M2016 | $1.29B2025 | +3.0%/yr | |
| Free cash flow margin | 40.6%2016 | 41.6%2025 | +1.0 pts | |
| Operating cash flow / net income | 0.272016 | 1.432025 | +1.16 | |
| Stock-based compensation | $30.5M2016 | $32.2M2025 | +0.6%/yr | |
| Dividends paid | $4.77B2016 | $1.05B2025 | −15.5%/yr | |
| Share buybacks (net) | $02022 | $280.7M2025 | — | |
| Capex / revenue | 9.5%2016 | 11.6%2025 | +2.1 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VMRK cash flow by activity
VMRK net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
VMRK cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $1.15B | $1.07B | $868.5M | $807.0M | $1.40B | $962.5M | $1.01B | $685.2M | $628.4M | $4.48B |
| Depreciation & amortization | $1.02B | $966.7M | $901.5M | $894.3M | $851.4M | $832.4M | $842.8M | $790.1M | $747.6M | $709.1M |
| Stock-based compensation | $32.2M | $31.3M | $31.8M | $29.5M | $27.8M | $23.2M | $24.4M | $27.1M | $25.0M | $30.5M |
| Change in working capital | $46.3M | $39.1M | $2.2M | −$4.7M | $29.7M | −$74.0M | $29.5M | $25.6M | −$12.9M | −$40.6M |
| Other non-cash items | −$604.9M | −$534.5M | −$271.2M | −$271.4M | −$1.05B | −$478.5M | −$449.5M | −$171.8M | −$122.3M | −$3.96B |
| Cash from operating activities | $1.65B | $1.57B | $1.53B | $1.45B | $1.26B | $1.27B | $1.46B | $1.36B | $1.27B | $1.21B |
| Investing activities | ||||||||||
| Capital expenditures | −$359.1M | −$318.7M | −$333.5M | −$232.2M | −$168.6M | −$166.2M | −$190.3M | −$199.3M | −$230.4M | −$229.4M |
| Acquisitions & other investing | $37.7M | −$857.8M | −$76.0M | $340.0M | −$266.0M | $829.8M | −$581.6M | −$177.6M | −$363.9M | $6.13B |
| Cash from investing activities | −$321.4M | −$1.18B | −$409.5M | $107.8M | −$434.6M | $663.6M | −$771.8M | −$376.8M | −$594.3M | $5.90B |
| Financing activities | ||||||||||
| Dividends paid | −$1.05B | −$1.02B | −$993.2M | −$934.1M | −$903.6M | −$887.0M | −$834.2M | −$786.0M | −$742.5M | −$4.77B |
| Share repurchases & issuance (net) | −$280.7M | −$38.5M | −$49.1M | $0 | — | — | — | — | — | — |
| Net borrowing (repayment) | $1.25B | $89.0M | −$397.2M | $205.2M | — | — | — | — | — | — |
| Shares issued | $86.6M | $10.5M | $496.7M | $20.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.34B | $583.4M | −$177.6M | −$1.08B | $338.5M | −$1.06B | $149.7M | −$177.9M | −$47.4M | −$2.28B |
| Cash from financing activities | −$1.33B | −$377.0M | −$1.12B | −$1.79B | −$565.1M | −$1.95B | −$684.5M | −$963.9M | −$789.8M | −$7.05B |
| Summary | ||||||||||
| Net change in cash | −$1.3M | $20.2M | $2.8M | −$223.1M | $260.5M | −$17.3M | $686,000 | $15.6M | −$118.3M | $64.0M |
| Cash at end of period | $158.9M | $160.2M | $140.0M | $137.2M | $360.2M | $99.7M | $117.0M | $116.3M | $100.8M | $219.1M |
| Free cash flow | $1.29B | $1.25B | $1.20B | $1.22B | $1.09B | $1.10B | $1.27B | $1.16B | $1.04B | $984.8M |
| Free cash flow margin | 41.6% | 42.1% | 41.7% | 44.7% | 44.3% | 42.7% | 46.9% | 44.9% | 41.9% | 40.6% |
| Capex / revenue | 11.6% | 10.7% | 11.6% | 8.5% | 6.8% | 6.5% | 7.0% | 7.7% | 9.3% | 9.5% |
| Operating cash flow / net income | 1.43 | 1.47 | 1.76 | 1.80 | 0.90 | 1.31 | 1.44 | 1.98 | 2.01 | 0.27 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $117.7M | $93.1M | $391.5M | $296.9M | $198.8M | $264.8M | $433.9M | $148.5M | $183.6M | $305.0M | $322.3M | $181.3M |
| Depreciation & amortization | $246.4M | $247.5M | $261.4M | $257.8M | $244.1M | $259.9M | $267.4M | $242.8M | $227.6M | $228.9M | $230.0M | $228.0M |
| Stock-based compensation | $9.6M | $9.6M | $5.2M | $5.4M | $11.2M | $10.4M | $4.5M | $5.4M | $11.9M | $9.5M | $4.9M | $6.1M |
| Change in working capital | −$90.9M | $38.9M | −$10.8M | $70.4M | −$45.8M | $32.4M | −$44.8M | $12.6M | $4.6M | $66.7M | −$54.7M | $53.0M |
| Other non-cash items | $19.1M | $11.4M | −$260.3M | −$153.8M | −$48.8M | −$142.0M | −$306.8M | −$7.9M | −$30.8M | −$189.0M | −$158.1M | −$25.8M |
| Cash from operating activities | $301.9M | $400.5M | $387.0M | $476.7M | $359.5M | $425.5M | $354.2M | $401.4M | $396.9M | $421.0M | $344.3M | $442.5M |
| Investing activities | ||||||||||||
| Capital expenditures | −$117.5M | −$65.9M | −$104.6M | −$102.4M | −$85.2M | −$66.8M | −$76.3M | −$81.3M | −$83.9M | −$77.2M | −$92.7M | −$97.5M |
| Acquisitions & other investing | $164.7M | −$26.3M | $406.4M | −$1.7M | −$531.1M | $164.1M | $263.4M | −$1.28B | −$54.4M | $213.2M | $151.6M | −$99.5M |
| Cash from investing activities | $47.2M | −$92.2M | $301.7M | −$104.1M | −$616.3M | $97.3M | $187.1M | −$1.36B | −$138.4M | $136.0M | $58.9M | −$197.1M |
| Financing activities | ||||||||||||
| Dividends paid | −$263.6M | −$262.3M | −$264.0M | −$263.5M | −$263.4M | −$256.8M | −$256.4M | −$256.6M | −$256.1M | −$252.3M | −$252.3M | −$251.1M |
| Share repurchases & issuance (net) | $0 | −$219.4M | −$186.4M | −$94.3M | $0 | — | — | — | — | −$38.5M | −$49.1M | — |
| Net borrowing (repayment) | −$338.1M | $29.1M | $603.5M | $66.4M | $356.8M | — | — | — | — | — | — | — |
| Shares issued | $609.8M | $0 | $83.3M | $0 | $2.7M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$352.9M | $124.4M | −$965.7M | −$13.6M | $151.1M | −$284.7M | −$251.3M | $1.20B | −$60.6M | −$209.7M | −$88.4M | $7.7M |
| Cash from financing activities | −$344.8M | −$328.1M | −$729.4M | −$305.0M | $247.2M | −$541.5M | −$507.8M | $948.0M | −$316.7M | −$500.5M | −$389.9M | −$243.4M |
| Summary | ||||||||||||
| Net change in cash | $4.3M | −$19.7M | −$40.6M | $67.5M | −$9.6M | −$18.6M | $33.6M | −$11.9M | −$58.1M | $56.6M | $13.3M | $2.1M |
| Cash at end of period | $143.4M | $139.1M | $158.9M | $199.5M | $132.0M | $141.5M | $160.2M | $126.6M | $138.4M | $196.6M | $140.0M | $126.7M |
| Free cash flow | $184.4M | $334.6M | $282.4M | $374.3M | $274.3M | $358.7M | $277.9M | $320.2M | $313.0M | $343.8M | $251.5M | $345.0M |
| Free cash flow margin | 23.5% | 42.9% | 35.8% | 47.8% | 35.7% | 47.1% | 36.2% | 42.8% | 42.6% | 47.0% | 34.6% | 47.6% |
| Capex / revenue | 15.0% | 8.4% | 13.3% | 13.1% | 11.1% | 8.8% | 10.0% | 10.9% | 11.4% | 10.6% | 12.7% | 13.5% |
| Operating cash flow / net income | 2.56 | 4.30 | 0.99 | 1.61 | 1.81 | 1.61 | 0.82 | 2.70 | 2.16 | 1.38 | 1.07 | 2.44 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
VMRK cash generation
In fiscal 2025 (ended December 31, 2025), Vivmark generated $1.6 billion of cash from operations (up 4.8%) and spent $359.1 million on capital expenditures, leaving free cash flow of $1.3 billion, 41.6% of revenue. It returned $1.3 billion to shareholders through dividends ($1.0 billion) and net share buybacks ($280.7 million). Cash and equivalents fell by $1.3 million over the year.
Related: VMRK income statement, VMRK balance sheet, VMRK dividend history. See the VMRK stock overview for the latest quote and news.
VMRK cash flow FAQ
What is Vivmark's free cash flow?
Vivmark's free cash flow was $1.3 billion in fiscal 2025: $1.6 billion of operating cash flow minus $359.1 million of capital expenditures It was $1.3 billion a year earlier..
How much cash does Vivmark generate from operations?
Vivmark generated $1.6 billion of cash from operating activities in fiscal 2025, 1.43 times its net income of $1.2 billion.
How much does Vivmark spend on capital expenditures?
Vivmark spent $359.1 million on capital expenditures in fiscal 2025, 11.6% of revenue, compared with $318.7 million the year before.
How much stock does Vivmark buy back?
Vivmark spent $280.7 million on net share repurchases in fiscal 2025.
How much does Vivmark pay in dividends?
Vivmark paid $1.0 billion in dividends in fiscal 2025, 81.2% of free cash flow.