Greystone Housing Impact Investors LP (GHI) Cash Flow: Operating & Free Cash Flow

Greystone Housing Impact Investors LP (GHI) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Greystone Housing Impact Investors LP generated $37.53M of operating cash flow and spent $3.00 on capital expenditures. That left free cash flow of $37.53M, up 108.6% from $17.99M a year earlier, or 170.5% of revenue. It returned $35.80M to shareholders through $35.66M in dividends and $140.80K in share buybacks.

Greystone Housing Impact Investors LP Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Greystone Housing Impact Investors LP (GHI) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-7.77	21.32	50.42	62.09	35.27	7.21	30.49	41.14	30.66
Depreciation & Amortization	0.01	0.02	1.54	5.25	2.73	2.81	3.09	3.56	5.21
Deferred Income Tax	0.81	0.00	0.00	0.00	-0.17	0.01	-0.03	-0.96	-0.40
Stock Based Compensation	2.12	0.00	2.01	1.53	1.28	1.02	3.64	1.82	1.62
Change in Working Capital	1.47	2.12	4.11	-2.67	1.38	-3.01	-2.26	-5.66	-2.16
Change in Accounts Receivable	-0.16	0.82	2.45	-2.32	-1.10	-0.78	-0.42	-0.47	0.44
Change in Inventory	0.00	0.00	0.00	0.00	4.66	-3.40	-2.25	0.00	0.00
Change in Accounts Payable	1.89	0.00	0.89	0.00	2.83	0.95	-0.26	-0.82	0.07
Change in Other Working Capital	-0.26	1.30	0.78	-0.36	-8.25	0.21	0.67	-5.66	-2.16
Other Operating Activities	13.97	-5.47	-2.89	-45.08	-8.25	7.81	-16.94	-13.66	-17.17
Net Cash from Operating Activities	37.53	17.99	24.94	21.13	33.94	15.84	17.99	25.67	17.14
Investing Activities
Capital Expenditures	0.00	0.00	-0.80	-1.81	-0.16	-0.42	-0.13	-0.53	-0.44
Acquisitions	-19.09	-40.11	-34.75	0.00	-37.78	-16.50	7.94	-27.64	-14.10
Purchases of Investments	7.66	-277.18	-110.86	0.00	-71.67	-9.51	-19.25	-41.71	-121.35
Sales/Maturities of Investments	81.95	150.38	34.30	0.00	51.90	58.98	35.03	108.38	63.18
Other Investing Activities	46.74	61.72	165.22	-276.79	-176.53	-70.70	-0.41	10.62	51.20
Net Cash from Investing Activities	66.33	-105.20	53.56	-278.60	-187.47	-38.14	23.19	49.12	-21.51
Financing Activities
Debt Repayment	-230.77	115.68	-558.42	247.61	-83.45	131.19	6.91	-76.24	36.37
Common Stock Issued	0.00	1.53	0.00	0.00	33.32	0.00	1.58	2.03	54.61
Common Stock Repurchased	-0.14	0.00	-0.48	-0.46	-1.36	-2.11	-1.58	-1.70	-1.47
Dividends Paid	-35.66	-37.52	-42.48	-46.63	-28.65	-25.42	-35.34	-36.16	-33.47
Other Financing Activities	-0.87	-8.92	-2.89	-2.35	-0.21	-1.56	-1.26	-1.04	52.16
Net Cash from Financing Activities	-80.29	70.78	-123.40	198.18	182.47	102.11	-31.27	-113.10	53.21
Summary
Net Change in Cash	23.58	-16.43	-44.90	-59.30	28.94	79.80	9.92	-38.31	48.85
Cash at Beginning of Period	31.31	47.73	92.64	151.93	122.99	43.19	33.27	71.58	20.75
Cash at End of Period	54.89	31.31	47.73	92.64	151.93	122.99	43.19	33.27	69.60
Free Cash Flow	37.53	17.99	24.14	19.32	33.78	15.42	17.87	25.13	16.70
Supplemental Disclosures
Interest Paid	51.26	52.11	55.98	32.26	19.96	19.14	-	-	-
Income Taxes Paid	0.05	0.01	-	0.07	0.23	0.07	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Greystone Housing Impact Investors LP Cash Flow

What is Greystone Housing Impact Investors LP's free cash flow?

Greystone Housing Impact Investors LP generated free cash flow of $37.53M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $37.53M minus $3.00 of capital expenditures. That was up 108.6% from $17.99M a year earlier. Free cash flow equaled 170.5% of revenue.

How much does Greystone Housing Impact Investors LP spend on capital expenditures?

Greystone Housing Impact Investors LP spent $3.00 on capital expenditures in fiscal 2025, compared with $3.00 a year earlier. That equals 0.00% of operating cash flow.

Does Greystone Housing Impact Investors LP pay dividends or buy back shares?

Yes. In fiscal 2025 Greystone Housing Impact Investors LP returned $35.66M in dividends and $140.80K in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition