Realty Income 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	1,059	860.77	872.31	869.41	359.46
Depreciation & Amortization	2,543	2,430	1,957	1,726	897.84
Other Amortization	29.65	23.94	26.67	15.61	12.33
Gain (Loss) on Sale of Assets	-177.64	-117.28	-25.67	-102.96	-55.8
Gain (Loss) on Sale of Investments	-	-	-	-	2.91
Asset Writedown	434.5	319.03	87.08	25.86	38.97
Stock-Based Compensation	30.77	57.49	26.23	21.62	41.77
Income (Loss) on Equity Investments	26.53	13.25	3.26	8.05	-0.74
Change in Accounts Receivable	-115.79	28.08	-111.29	-29.52	-38.29
Change in Accounts Payable	193.64	2.61	285.29	-5.29	-24.71
Other Operating Activities	-65.53	-151.76	-161.8	35.09	88.47
Operating Cash Flow	3,995	3,573	2,959	2,564	1,322
Operating Cash Flow Growth	11.79%	20.77%	15.40%	93.91%	18.52%
Acquisition of Real Estate Assets	-4,780	-3,384	-8,122	-8,982	-6,332
Sale of Real Estate Assets	744.01	589.45	117.35	436.12	250.54
Net Sale / Acq. of Real Estate Assets	-4,036	-2,794	-8,005	-8,546	-6,082
Cash Acquisition	-	93.68	-	-	-366.03
Investment in Marketable & Equity Securities	-52.27	-70.38	-1,175	109.49	38.35
Other Investing Activities	38.03	59.86	27.08	49.27	-28.39
Investing Cash Flow	-5,663	-3,343	-9,355	-8,387	-6,438
Long-Term Debt Issued	23,579	39,545	82,607	30,694	10,116
Long-Term Debt Repaid	-21,792	-38,369	-79,420	-27,747	-9,275
Net Debt Issued (Repaid)	1,788	1,176	3,187	2,947	840.69
Issuance of Common Stock	2,376	1,755	5,451	4,568	4,454
Preferred Share Repurchases	-	-172.51	-	-	-
Common Dividends Paid	-2,921	-2,692	-2,112	-1,813	-1,169
Preferred Dividends Paid	-	-7.76	-	-	-
Total Dividends Paid	-2,921	-2,699	-2,112	-1,813	-1,169
Other Financing Activities	434.92	-79.61	-88.79	36.88	451.5
Foreign Exchange Rate Adjustments	15.87	-5.9	24.02	-20.51	20.08
Net Cash Flow	25.25	203.33	65.29	-105.49	-518.31
Cash Interest Paid	1,072	970.01	692	501.72	355.48
Cash Income Tax Paid	49.79	32.28	12.28	45.03	19.68
Levered Free Cash Flow	2,676	2,486	1,818	1,691	1,051
Unlevered Free Cash Flow	3,356	3,098	2,248	1,966	1,241
Change in Working Capital	77.85	30.69	174.01	-34.81	-63.01

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