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Sun Communities cash flow, quarter by quarter

Latest: Q2 FY27 · from the cash-flow statements filed with the SEC

Free cash flow$155M in Q2 FY27

Operating cash flow$155M
Free cash flow+$155M
Cash / net income1.2×

Analysis

In Q2 FY27, Sun Communities generated $155M of operating cash flow. That is $42.6M less than in Q2 FY26 ($198M).

Operating cash flow was $155M against net income of $128M — 1.2× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$126M, stock-based pay +$6.3M, deferred taxes −$500K.

Free cash flow

Sun Communities: free cash flow by quarterSun Communities: free cash flow by quarter$118MQ3 FY25$244MQ4 FY25$256MQ1 FY26$198MQ2 FY26$166MQ3 FY26$269MQ4 FY26$266MQ1 FY27$155MQ2 FY27
Operating cash flow less capital spending.
Sun Communities: operating cash flow against capital spendingSun Communities: operating cash flow against capital spendingOperating cash flowCapital spending$118M$0Q3 FY25$244M$0Q4 FY25$256M$0Q1 FY26$198M$0Q2 FY26$166M$0Q3 FY26$269M$0Q4 FY26$266M$0Q1 FY27$155M$0Q2 FY27
Latest (Q2 FY27): Operating cash flow $155M, Capital spending $0.

Cash runway and the debt wall

Cash & investments$699M
Debtnone
Net cash$699M

Sun Communities funds itself: free cash flow was — over the last twelve months, with $699M of cash and investments and no debt on the balance sheet.

Where the cash came from and went

Sun Communities: sources (+) and uses (−) of cash, Q2 FY27Sun Communities: sources (+) and uses (−) of cash, Q2 FY27Other investing$935MCash drawn (+) / kept (−)−$501MBuybacks−$293MNet borrowing (+) / repaid (−)−$275MOperating cash flow$155MDividends−$142MAsset & business sales$123MAcquisitions−$900KTaxes on employees’ shares−$700KExchange rates$100KOther financing$100K

From profit to cash

Sun Communities: net income to operating cash flow, Q2 FY27Sun Communities: net income to operating cash flow, Q2 FY27Net income$128MDepreciation & amortization$126MStock-based pay$6.3MDeferred taxes−$500KOperating cash flow$155M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowAcquisitionsBuybacksDividendsNet borrowing (+) / repaid (−)Cash drawn (+) / kept (−)Free cash flow
Q2 FY27$155M−$900K−$293M−$142M−$275M−$501M$155M
Q1 FY27$266M$17.6M−$111M−$143M−$191M$298M$266M
Q4 FY26$269M−$39.0M−$60.1M−$134M−$12.3M$139M$269M
Q3 FY26$166M−$460M−$38.8M−$134M−$321M$544M$166M
Q2 FY26$198M−$600K−$298M−$132M−$300K$287M$198M
Q1 FY26$256M—−$203M−$648M−$3.2B−$1.4B$256M
Q4 FY25$244M−$1.0M—−$123M−$33.4M−$46.2M$244M
Q3 FY25$118M$4.0M—−$124M$92.6M$17.9M$118M

Sun Communities: income statement and cash flow

Sun Communities, Q2 FY27: revenue $558M (+0.4% year over year), operating margin 18.2%. The chart follows the revenue to costs, profit and cash.

Sun Communities: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.