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National Health Investors, Inc. (NHI)
NYSE: NHI · Real-Time Price · USD
72.03
-0.53 (-0.73%)
Aug 28, 2026, 4:00 PM EDT - Market closed

National Health Investors Cash Flow Statement

Millions USD. Fiscal year is Jan - Dec.

Operating Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Income
166.8142.18137.99135.6566.4111.8
Depreciation & Amortization
91.1180.9471.4469.9770.8880.8
Other Amortization
6.126.336.685.1711.845.38
Gain (Loss) on Sale of Assets
-24.81-0.46-6.68-14.72-28.34-32.5
Gain (Loss) on Sale of Investments
---6.26---
Asset Writedown
--0.651.6451.5651.82
Stock-Based Compensation
6.555.584.184.618.618.42
Income (Loss) on Equity Investments
-1.73-3.66-0.4-0.56-0.571.55
Change in Accounts Payable
13.425.493.295.930.433.35
Change in Other Net Operating Assets
-12.210.06-1.9-0.71-3.53-4.05
Other Operating Activities
1.85-1.6-0.08-22.647.66-15.96
Operating Cash Flow
248.68236.56207.77184.45185.34210.86
Operating Cash Flow Growth
17.03%13.86%12.64%-0.48%-12.10%-9.17%

Investing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Acquisition of Real Estate Assets
-399.26-294.03-157.93-49.56-10.99-50.35
Sale of Real Estate Assets
92.96-6.1857.03168.96238.86
Net Sale / Acq. of Real Estate Assets
-306.3-294.03-151.757.48157.97188.52
Investment in Marketable & Equity Securities
1.733.660.43.060.571.21
Other Investing Activities
-0.39-----
Investing Cash Flow
-292.66-269.15-192.32-11.63197.95185.28

Financing Activities

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Long-Term Debt Issued
-1,040449.7564225491.78
Long-Term Debt Repaid
--1,022-438.94-576.43-318.39-752.39
Net Debt Issued (Repaid)
156.1618.1510.76-12.43-93.39-260.61
Issuance of Common Stock
102.98181.53142.39--47.9
Repurchase of Common Stock
-5.45-0.46-5.82--152.24-
Common Dividends Paid
-175.57-169.7-156.51-156.24-161.77-182.9
Other Financing Activities
-3.03-3.82-4.4-1.056.14-7.39

Net Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Net Cash Flow
31.11-6.881.893.1-17.97-6.86

Free Cash Flow

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Levered Free Cash Flow
171.98195.47169.52192.49194.1108.16
Unlevered Free Cash Flow
205.57227.9203.17226.2217.89135.56

Additional Metrics

Fiscal Year
TTMFY 2025FY 2024FY 2023FY 2022FY 2021
Period Ending
Jun '26 Dec '25 Dec '24 Dec '23 Dec '22 Dec '21
Cash Interest Paid
50.2151.555.3751.942.6643.68
Cash Income Tax Paid
0.20.20.20.20.20.1
Change in Working Capital
2.87.260.255.33-2.7-0.44
SEC Filings: 10-K · 10-Q