Extra Space Storage 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	974	854.68	803.2	860.69	827.65
Depreciation & Amortization	710.94	777.72	500.68	288.32	241.88
Other Amortization	63.69	65.7	43.11	8.77	10.59
Gain (Loss) on Sale of Assets	76.31	25.91	-	-14.25	-140.76
Asset Writedown	-	51.76	-	-	-
Stock-Based Compensation	35.54	28.99	26.48	21.39	17.3
Income (Loss) on Equity Investments	-25.3	17.02	20.06	13.16	0.78
Change in Accounts Payable	7.3	0.96	35.03	29.03	10.95
Change in Other Net Operating Assets	-21.15	47.29	-37.4	8.98	-31.52
Other Operating Activities	28.87	17.41	11.31	22.06	15.56
Operating Cash Flow	1,850	1,887	1,402	1,238	952.44
Operating Cash Flow Growth	-1.97%	34.58%	13.27%	30.00%	23.49%
Acquisition of Real Estate Assets	-1,090	-799.67	-436.89	-1,376	-1,293
Sale of Real Estate Assets	368.18	124.93	2.13	39.37	572.73
Net Sale / Acq. of Real Estate Assets	-722.25	-674.74	-434.75	-1,337	-720.46
Cash Acquisition	-	-	-1,182	-157.3	-
Investment in Marketable & Equity Securities	164.21	-286.5	-180.28	-118.62	-23.07
Other Investing Activities	-256.17	-685.68	-20.81	-35.56	-94.02
Investing Cash Flow	-814.21	-1,647	-1,818	-1,648	-837.54
Long-Term Debt Issued	17,833	9,986	8,663	5,584	5,707
Long-Term Debt Repaid	-17,249	-8,724	-7,089	-4,208	-5,500
Net Debt Issued (Repaid)	584.5	1,261	1,574	1,376	206.69
Issuance of Common Stock	-	0.37	-	-	278.17
Repurchase of Common Stock	-149.55	-	-	-63.01	-
Common Dividends Paid	-1,374	-1,375	-1,046	-805.31	-600.99
Other Financing Activities	-96.76	-89.14	-104.55	-76.23	-50.58
Net Cash Flow	-0.12	38.22	7.35	21.54	-51.82
Cash Interest Paid	564.67	499.42	338.55	197.07	152.17
Cash Income Tax Paid	-	-	-	18.96	26.25
Levered Free Cash Flow	1,143	721.3	1,123	713.75	499.2
Unlevered Free Cash Flow	1,480	1,033	1,359	841.96	592.48
Change in Working Capital	-13.86	48.25	-2.37	38.01	-20.57

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