Extra Space Storage Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	949.09	854.68	803.2	860.69	827.65	481.78
Depreciation & Amortization	725.98	777.72	500.68	288.32	241.88	224.44
Other Amortization	63.64	65.7	43.11	8.77	10.59	13.06
Gain (Loss) on Sale of Assets	32.52	25.91	-	-14.25	-140.76	-18.08
Asset Writedown	-	51.76	-	-	-	-
Stock-Based Compensation	31.23	22.91	26.64	21.39	17.3	16.28
Income (Loss) on Equity Investments	24.35	17.02	20.06	13.16	0.78	6.89
Change in Accounts Payable	77.01	0.96	35.03	29.03	10.95	17.97
Change in Other Net Operating Assets	-37.76	56.79	-35.59	8.98	-31.52	-0.04
Other Operating Activities	24.61	13.99	9.35	22.06	15.56	28.92
Operating Cash Flow	1,891	1,887	1,402	1,238	952.44	771.23
Operating Cash Flow Growth	2.55%	34.58%	13.27%	30.00%	23.49%	8.98%
Acquisition of Real Estate Assets	-1,037	-799.67	-436.89	-1,376	-1,293	-394.54
Sale of Real Estate Assets	289.26	124.93	2.13	39.37	572.73	44.02
Net Sale / Acq. of Real Estate Assets	-747.38	-674.74	-434.75	-1,337	-720.46	-350.52
Cash Acquisition	-	-	-1,182	-157.3	-	-
Investment in Marketable & Equity Securities	-168.38	-286.5	-180.28	-118.62	-23.07	-364.42
Other Investing Activities	-551.32	-685.68	-20.81	-35.56	-94.02	-240.49
Investing Cash Flow	-1,467	-1,647	-1,818	-1,648	-837.54	-955.43
Long-Term Debt Issued	-	9,986	8,663	5,584	5,707	3,281
Long-Term Debt Repaid	-	-8,724	-7,089	-4,208	-5,500	-2,590
Net Debt Issued (Repaid)	1,088	1,261	1,574	1,376	206.69	691.27
Issuance of Common Stock	-	0.37	-	-	278.17	124.44
Repurchase of Common Stock	-8.62	-	-	-63.01	-	-67.87
Common Dividends Paid	-1,376	-1,375	-1,046	-805.31	-600.99	-467.77
Other Financing Activities	-104.95	-89.14	-104.55	-76.23	-50.58	-38.6
Net Cash Flow	21.91	38.22	7.35	21.54	-51.82	57.28
Cash Interest Paid	551.4	499.42	338.55	197.07	152.17	159.6
Cash Income Tax Paid	36.41	33.77	22.75	18.96	26.25	5.18
Levered Free Cash Flow	880.05	729.88	1,123	713.75	499.2	314.43
Unlevered Free Cash Flow	1,211	1,041	1,359	841.96	592.48	409.06
Change in Working Capital	39.25	57.76	-0.56	38.01	-20.57	17.93

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