Healthpeak Properties, Inc. (DOC)

Healthpeak Properties Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-38.07	243.14	306.01	500.45	505.54	413.56
Depreciation & Amortization	1,010	996.31	725.89	688.93	665.69	544.23
Other Amortization	33.44	28.97	11.92	10.88	9.22	10.16
Gain (Loss) on Sale of Assets	-4.21	-178.7	-86.46	-33.12	-605.31	-592.16
Gain (Loss) on Sale of Investments	-	-77.55	-0.23	-311.44	-1.04	-159.97
Asset Writedown	3.85	15.31	-7.69	7	55.9	244.25
Stock-Based Compensation	14.02	15.54	14.48	26.46	18.2	17.37
Income (Loss) on Equity Investments	194.43	13.52	-9.29	-1.11	-6.26	80.08
Change in Accounts Receivable	-33.18	-40.86	-21.57	-17.43	18.63	15.28
Change in Accounts Payable	120.31	85.64	104.51	136.29	7.77	93.5
Other Operating Activities	-67.2	-38.5	-83.41	-106.66	126.92	-51.06
Net Cash from Discontinued Operations	-	-	-	-	-	143.19
Operating Cash Flow	1,241	1,070	956.24	900.26	795.25	758.43
Operating Cash Flow Growth	21.92%	11.95%	6.22%	13.21%	4.85%	-10.36%
Acquisition of Real Estate Assets	-906.57	-720.07	-860.65	-1,148	-2,205	-2,056
Sale of Real Estate Assets	59.41	648.55	141.65	47.89	2,399	1,304
Net Sale / Acq. of Real Estate Assets	-847.17	-71.52	-719	-1,100	194.06	-751.96
Cash Acquisition	-	-179.22	-	-	-	-394.18
Investment in Marketable & Equity Securities	67.64	86.97	-67.75	117.36	12.38	-20.56
Other Investing Activities	14.46	8.71	24.98	1.45	-	1.8
Investing Cash Flow	-862.83	-113.8	-576.75	-876.34	531.03	-1,008
Long-Term Debt Issued	-	4,491	11,088	16,382	17,910	5,337
Total Debt Issued	11,018	4,491	11,088	16,382	17,910	5,337
Long-Term Debt Repaid	-	-4,338	-10,710	-16,058	-18,211	-5,274
Total Debt Repaid	-10,493	-4,338	-10,710	-16,058	-18,211	-5,274
Net Debt Issued (Repaid)	525.15	153.22	378.08	324.58	-301.01	63
Issuance of Common Stock	0.38	0.32	0.28	308.1	5.04	1,069
Repurchase of Common Stock	-97.38	-190.69	-6.52	-67.84	-12.84	-10.53
Common Dividends Paid	-847.05	-794.78	-657.02	-648.05	-650.08	-787.07
Other Financing Activities	-41.99	-109.48	-52.12	-33.33	-329.62	-87.82
Foreign Exchange Rate Adjustments	-	-	-	-	-	-0.15
Net Cash Flow	-82.31	15.28	42.19	-92.61	37.76	-2.97
Cash Interest Paid	264.3	249.47	188.21	162.12	173.04	209.84
Cash Income Tax Paid	3.13	7.86	1.92	-1.9	4.52	-0.79
Levered Free Cash Flow	1,073	770.51	644.23	958.39	2,722	1,585
Unlevered Free Cash Flow	1,224	916.8	757.52	1,056	2,812	1,711
Change in Working Capital	87.13	44.78	82.95	118.86	26.39	108.78

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q