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	1,023	900.23	850.45	921.16	877.76
Depreciation & Amortization	715.18	783.02	506.05	288.32	241.88
Stock-Based Compensation	35.54	28.99	26.48	21.39	17.3
Other Adjustments	90.8	126.93	21.85	-30.73	-163.94
Changes in Accounts Payable	7.3	0.96	35.03	29.03	10.95
Changes in Other Operating Activities	-21.15	47.29	-37.4	8.98	-31.52
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%
Capital Expenditures	-1,090	-799.67	-436.89	-1,376	-1,293
Sale of Property, Plant & Equipment	368.18	124.93	2.13	39.37	572.73
Payments for Business Acquisitions	-	-	-1,182	-157.3	-
Other Investing Activities	-91.97	-972.18	-201.09	-154.18	-117.09
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 Long-Term Debt Issued (Repaid)	584.5	1,261	1,574	1,376	206.69
Issuance of Common Stock	-	0.37	-	-	277.76
Repurchase of Common Stock	-149.55	-	-	-63.01	-
Net Common Stock Issued (Repurchased)	-149.55	0.37	-	-63.01	277.76
Common Dividends Paid	-1,374	-1,375	-1,046	-805.31	-600.99
Other Financing Activities	-96.76	-89.14	-104.55	-76.23	-50.17
Financing Cash Flow	-1,036	-202.29	423.13	431.86	-166.71
Net Cash Flow	-0.12	38.22	7.35	21.54	-51.82
Free Cash Flow	759.76	1,088	965.59	-138.2	-340.75
Free Cash Flow Growth	-30.15%	12.65%	-	-	-
FCF Margin	22.49%	33.40%	37.71%	-7.18%	-21.60%
Free Cash Flow Per Share	3.59	5.14	5.71	-0.98	-2.43
Levered Free Cash Flow	1,169	2,148	2,444	1,248	12.58
Unlevered Free Cash Flow	1,079	1,405	1,266	23.71	-73.83

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.