LTC Properties 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	33.86	91.04	89.74	100.02	55.86	95.29
Depreciation & Amortization	36.12	36.37	37.42	37.5	38.3	39.07
Other Amortization	2.21	1.88	1.98	2.02	1.73	1.46
Gain (Loss) on Sale of Assets	-0.86	-7.98	-37.3	-37.83	-7.46	-44.12
Asset Writedown	6.95	6.95	15.78	3.42	-	3.98
Stock-Based Compensation	9.45	9.05	8.48	7.96	7.76	7.01
Income (Loss) on Equity Investments	-1.51	-2.44	-1.5	-1.5	-1.42	0.33
Change in Accounts Receivable	-10.36	-10.39	-9.28	-7.17	-6.78	-6.16
Change in Other Net Operating Assets	2.79	-3.08	-7.24	3.19	1.67	-3.01
Other Operating Activities	49.12	3.03	0.66	-3.54	0.5	22.26
Operating Cash Flow	131.21	125.17	104.4	105.59	91.18	116.1
Operating Cash Flow Growth	11.70%	19.89%	-1.12%	15.79%	-21.46%	-5.20%
Acquisition of Real Estate Assets	-278.61	-13.99	-53.45	-60.92	-6.3	-37.55
Sale of Real Estate Assets	10.94	38.87	66.27	72.62	43.63	72.14
Net Sale / Acq. of Real Estate Assets	-267.67	24.87	12.83	11.7	37.33	34.59
Investment in Marketable & Equity Securities	12.26	-11.26	-	-	-5.68	9.33
Other Investing Activities	18.18	13.09	-13.15	-30.35	-13.66	3.2
Investing Cash Flow	-266.8	90.68	-174.91	-119.95	-69.79	43.93
Long-Term Debt Issued	-	27.2	277.45	269	304.4	24
Long-Term Debt Repaid	-	-234.26	-154.36	-223.06	-230.56	-68.16
Net Debt Issued (Repaid)	158.8	-207.06	123.09	45.94	73.84	-44.16
Issuance of Common Stock	76.79	83.11	53.78	68.16	-	-
Repurchase of Common Stock	-5.21	-1.53	-1.62	-1.36	-3.57	-21.58
Common Dividends Paid	-105.86	-100.53	-94.76	-91.51	-90.49	-90.26
Total Dividends Paid	-105.86	-100.53	-94.76	-91.51	-90.49	-90.26
Other Financing Activities	-6.05	-0.71	-0.07	-1.65	-3.78	-0.5
Net Cash Flow	-17.11	-10.87	9.91	5.22	-2.61	3.53
Cash Interest Paid	31.37	40.05	47.18	28.81	26.72	29.44
Levered Free Cash Flow	91.21	-38.35	-38.73	-33.98	59.74	125.65
Unlevered Free Cash Flow	110.43	-14.2	-10.55	-15.47	75.72	143.18
Change in Working Capital	-7.57	-13.47	-16.52	-3.99	-5.11	-9.17

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