W. P. Carey Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	466.36	460.84	708.33	599.14	409.99
Depreciation & Amortization	524.46	512.73	628.12	562.99	547.63
Other Amortization	19.17	18.85	-	-	-
Gain (Loss) on Sale of Assets	-193.79	-85.47	-315.98	-54.09	-40.43
Gain (Loss) on Sale of Investments	-	-31.85	-	-33.93	-
Asset Writedown	70.37	43.6	86.41	68.45	24.25
Stock-Based Compensation	39.89	40.89	34.5	32.84	24.88
Income (Loss) on Equity Investments	-2.07	3.14	-0.99	0.73	26.3
Change in Other Net Operating Assets	8.84	2.53	-29.4	-14.27	-14.25
Other Operating Activities	121.74	33.41	-66.65	-143.94	-52.16
Operating Cash Flow	1,282	1,833	1,073	1,004	926.48
Operating Cash Flow Growth	-30.05%	70.77%	6.96%	8.32%	15.59%
Acquisition of Real Estate Assets	-1,849	-1,264	-1,333	-1,250	-1,420
Sale of Real Estate Assets	1,280	409.49	446.4	234.65	163.64
Net Sale / Acq. of Real Estate Assets	-568.37	-854.65	-886.62	-1,016	-1,257
Cash Acquisition	-	-	-	-92.37	-
Investment in Marketable & Equity Securities	-2.85	-15.73	-27.74	61.31	-93.6
Other Investing Activities	10.9	-17.13	-19.53	-19.77	1.42
Investing Cash Flow	-960.14	-1,134	-905.88	-1,053	-1,567
Long-Term Debt Issued	3,598	2,955	3,094	2,697	3,386
Long-Term Debt Repaid	-3,555	-2,842	-2,836	-2,306	-3,091
Net Debt Issued (Repaid)	43.16	112.63	257.42	391.33	294.97
Issuance of Common Stock	-	-	633.79	502.34	1,037
Repurchase of Common Stock	-14.87	-6.95	-13.68	-6.61	-3.82
Common Dividends Paid	-790.03	-765.15	-916.53	-835.26	-764.28
Other Financing Activities	0.03	-29	331.56	6.09	-6.83
Foreign Exchange Rate Adjustments	21.22	-12.02	7.72	-2.72	-10.63
Net Cash Flow	-418.31	-1.27	467.83	6.19	-93.83
Cash Interest Paid	267.5	256.6	269.7	191	190.8
Cash Income Tax Paid	-	36.3	38.6	42.6	44.3
Levered Free Cash Flow	615.27	1,636	261.55	967.91	807.1
Unlevered Free Cash Flow	778.14	1,790	443.95	1,105	930.12
Change in Working Capital	8.84	2.53	-29.4	-14.27	-14.25

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.