Global Net Lease, Inc. (GNL)

Global Net Lease 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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-297.2	-131.57	-211.91	12.02	11.37	10.78
Depreciation & Amortization	354.54	357.45	227.87	155.33	163.32	139.33
Other Amortization	78.78	79.81	28.4	11.8	11.35	8.16
Gain (Loss) on Sale of Assets	35.72	-57.02	1.67	-0.33	-1.48	0.15
Asset Writedown	153.53	90.41	68.68	21.56	17.53	-
Stock-Based Compensation	10.05	8.93	17.3	12.07	11.03	10.07
Change in Accounts Payable	-38.5	-22.18	-9.64	-3.05	-3.53	8.4
Change in Other Net Operating Assets	3.06	6.21	7.6	-3.68	4.84	-6.28
Other Operating Activities	-7.65	-17.7	17.22	-17.15	-30.17	3.78
Operating Cash Flow	266.45	299.47	143.74	181.82	192.49	176.85
Operating Cash Flow Growth	54.10%	108.34%	-20.94%	-5.54%	8.85%	21.13%
Acquisition of Real Estate Assets	-47.41	-45.63	-181.4	-71.22	-485.32	-470.53
Sale of Real Estate Assets	1,671	803.41	80.88	54.68	48.75	-
Net Sale / Acq. of Real Estate Assets	1,623	757.78	-100.52	-16.54	-436.57	-470.53
Cash Acquisition	-	-	-451.38	-	-	-
Other Investing Activities	2.12	2.12	-	-	-	-
Investing Cash Flow	1,625	759.9	-551.9	-16.54	-436.57	-470.53
Long-Term Debt Issued	-	803.79	1,055	180.17	331.94	1,002
Total Debt Issued	658.28	803.79	1,055	180.17	331.94	1,002
Long-Term Debt Repaid	-	-1,458	-340.44	-136.7	-149.87	-683
Total Debt Repaid	-2,180	-1,458	-340.44	-136.7	-149.87	-683
Net Debt Issued (Repaid)	-1,522	-654.52	714.5	43.47	182.07	318.72
Issuance of Common Stock	-	-	-	0.89	214.04	-
Repurchase of Common Stock	-20.4	-1.04	-1.19	-0.69	-0.16	-
Preferred Stock Issued	-	-	-	4.72	15.88	10.15
Common Dividends Paid	-254.64	-272.44	-206.99	-166.84	-156.22	-155.06
Preferred Dividends Paid	-43.75	-43.74	-26.23	-20.3	-19.83	-17.43
Total Dividends Paid	-298.39	-316.18	-233.23	-187.14	-176.05	-172.49
Other Financing Activities	-22.7	-23.62	-11.08	-11	-17.47	-15.7
Foreign Exchange Rate Adjustments	-6.35	-2.21	-2.9	-4.41	-6.63	4.4
Net Cash Flow	22.49	61.81	57.95	11.13	-32.38	-148.59
Cash Interest Paid	249.06	249.06	136.51	87.36	82.15	66.86
Cash Income Tax Paid	13.13	13.13	12.5	13.74	16.76	5.46
Levered Free Cash Flow	-105.82	280.75	167.51	144.84	170.58	167.42
Unlevered Free Cash Flow	14.25	406.51	252.1	195.35	218.96	204.48
Change in Net Working Capital	445.43	65.4	21.46	19.58	28.2	1

Updated Feb 27, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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