Broadstone Net Lease, Inc. (BNL)

Broadstone Net Lease Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	96.5	162.44	155.48	122.12	102.43
Depreciation & Amortization	154.32	150.17	151.88	141.5	125.09
Other Amortization	5.49	3.93	3.86	3.59	3.72
Gain (Loss) on Sale of Assets	-12.6	-73.15	-54.31	-15.95	-13.52
Asset Writedown	45.03	50.6	32.17	14.04	32.01
Stock-Based Compensation	9.6	7.36	6.36	5.32	4.67
Change in Accounts Receivable	-1.12	-1.74	0.78	0.66	0.78
Change in Accounts Payable	4.47	-0.91	-8.23	-1.15	2.89
Change in Other Net Operating Assets	10.12	0.62	-1.72	0.8	2.8
Other Operating Activities	-12.3	-23.06	-15.2	-14.99	-15.92
Operating Cash Flow	299.5	276.25	271.07	255.91	244.94
Operating Cash Flow Growth	8.41%	1.91%	5.92%	4.48%	36.81%
Acquisition of Real Estate Assets	-768.82	-414.05	-170.75	-916.14	-666.63
Sale of Real Estate Assets	93.55	354.35	194.96	56.44	83.81
Net Sale / Acq. of Real Estate Assets	-675.27	-59.7	24.21	-859.71	-582.82
Other Investing Activities	-	-	0.13	0.06	0.51
Investing Cash Flow	-675.27	-59.7	24.34	-859.64	-582.3
Long-Term Debt Issued	1,648	256.5	215.5	1,400	738.41
Long-Term Debt Repaid	-1,054	-250.26	-331.5	-1,060	-587.47
Net Debt Issued (Repaid)	594.15	6.24	-116	339.98	150.94
Issuance of Common Stock	38.8	-	-	503.06	292.63
Common Dividends Paid	-218.78	-216.76	-207.52	-181.22	-154.46
Other Financing Activities	-20.75	-10.67	-11.3	-25.81	-34.7
Net Cash Flow	17.65	-4.64	-39.41	32.27	-82.96
Cash Interest Paid	80.25	73.67	77.15	72	57.3
Cash Income Tax Paid	1.12	-0.46	0.31	0.4	0.6
Levered Free Cash Flow	201.2	192.02	229.38	165.19	219.05
Unlevered Free Cash Flow	254.75	234.38	275.55	210.76	255.42
Change in Working Capital	13.47	-2.03	-9.17	0.31	6.47

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q