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	2015 - 2019
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	2015 - 2019
Net Income	949.09	854.68	803.2	860.69	827.65	481.78	Upgrade
Depreciation & Amortization	725.98	777.72	500.68	288.32	241.88	224.44	Upgrade
Other Amortization	63.64	65.7	43.11	8.77	10.59	13.06	Upgrade
Gain (Loss) on Sale of Assets	32.52	25.91	-	-14.25	-140.76	-18.08	Upgrade
Asset Writedown	-	51.76	-	-	-	-	Upgrade
Stock-Based Compensation	31.23	22.91	26.64	21.39	17.3	16.28	Upgrade
Income (Loss) on Equity Investments	24.35	17.02	20.06	13.16	0.78	6.89	Upgrade
Change in Accounts Payable	77.01	0.96	35.03	29.03	10.95	17.97	Upgrade
Change in Other Net Operating Assets	-37.76	56.79	-35.59	8.98	-31.52	-0.04	Upgrade
Other Operating Activities	24.61	13.99	9.35	22.06	15.56	28.92	Upgrade
Operating Cash Flow	1,891	1,887	1,402	1,238	952.44	771.23	Upgrade
Operating Cash Flow Growth	2.55%	34.58%	13.27%	30.00%	23.49%	8.98%	Upgrade
Acquisition of Real Estate Assets	-1,037	-799.67	-436.89	-1,376	-1,293	-394.54	Upgrade
Sale of Real Estate Assets	289.26	124.93	2.13	39.37	572.73	44.02	Upgrade
Net Sale / Acq. of Real Estate Assets	-747.38	-674.74	-434.75	-1,337	-720.46	-350.52	Upgrade
Cash Acquisition	-	-	-1,182	-157.3	-	-	Upgrade
Investment in Marketable & Equity Securities	-168.38	-286.5	-180.28	-118.62	-23.07	-364.42	Upgrade
Other Investing Activities	-551.32	-685.68	-20.81	-35.56	-94.02	-240.49	Upgrade
Investing Cash Flow	-1,467	-1,647	-1,818	-1,648	-837.54	-955.43	Upgrade
Long-Term Debt Issued	-	9,986	8,663	5,584	5,707	3,281	Upgrade
Long-Term Debt Repaid	-	-8,724	-7,089	-4,208	-5,500	-2,590	Upgrade
Net Debt Issued (Repaid)	1,088	1,261	1,574	1,376	206.69	691.27	Upgrade
Issuance of Common Stock	-	0.37	-	-	278.17	124.44	Upgrade
Repurchase of Common Stock	-8.62	-	-	-63.01	-	-67.87	Upgrade
Common Dividends Paid	-1,376	-1,375	-1,046	-805.31	-600.99	-467.77	Upgrade
Other Financing Activities	-104.95	-89.14	-104.55	-76.23	-50.58	-38.6	Upgrade
Net Cash Flow	21.91	38.22	7.35	21.54	-51.82	57.28	Upgrade
Cash Interest Paid	551.4	499.42	338.55	197.07	152.17	159.6	Upgrade
Cash Income Tax Paid	36.41	33.77	22.75	18.96	26.25	5.18	Upgrade
Levered Free Cash Flow	880.05	729.88	1,123	713.75	499.2	314.43	Upgrade
Unlevered Free Cash Flow	1,211	1,041	1,359	841.96	592.48	409.06	Upgrade
Change in Working Capital	39.25	57.76	-0.56	38.01	-20.57	17.93	Upgrade

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.