Realty Income Corporation (O)

Realty Income Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	860.77	872.31	869.41	359.46	395.49
Depreciation & Amortization	2,430	1,957	1,726	897.84	677.04
Other Amortization	23.94	26.67	15.61	12.33	11
Gain (Loss) on Sale of Assets	-117.28	-25.67	-102.96	-55.8	-76.23
Gain (Loss) on Sale of Investments	-	-	-	2.91	4.35
Asset Writedown	425.83	87.08	25.86	38.97	147.23
Stock-Based Compensation	57.49	26.23	21.62	41.77	16.5
Income (Loss) on Equity Investments	13.25	3.26	8.05	-0.74	-
Change in Accounts Receivable	28.08	-111.29	-29.52	-38.29	-79.24
Change in Accounts Payable	2.61	285.29	-5.29	-24.71	29.65
Other Operating Activities	-151.76	-161.8	35.09	88.47	-10.25
Operating Cash Flow	3,573	2,959	2,564	1,322	1,116
Operating Cash Flow Growth	20.77%	15.40%	93.91%	18.52%	4.36%
Acquisition of Real Estate Assets	-3,384	-8,122	-8,982	-6,332	-2,292
Sale of Real Estate Assets	589.45	117.35	436.12	250.54	259.46
Net Sale / Acq. of Real Estate Assets	-2,794	-8,005	-8,546	-6,082	-2,032
Cash Acquisition	93.68	-	-	-366.03	-
Investment in Marketable & Equity Securities	-70.38	-1,175	109.49	38.35	-
Other Investing Activities	59.86	27.08	49.27	-28.39	-
Investing Cash Flow	-3,343	-9,355	-8,387	-6,438	-2,032
Long-Term Debt Issued	39,545	82,607	30,694	10,116	5,729
Long-Term Debt Repaid	-38,369	-79,420	-27,747	-9,275	-4,856
Net Debt Issued (Repaid)	1,176	3,187	2,947	840.69	872.99
Issuance of Common Stock	1,755	5,451	4,568	4,454	1,833
Preferred Share Repurchases	-172.51	-	-	-	-
Common Dividends Paid	-2,692	-2,112	-1,813	-1,169	-964.17
Preferred Dividends Paid	-7.76	-	-	-	-
Total Dividends Paid	-2,699	-2,112	-1,813	-1,169	-964.17
Other Financing Activities	-79.61	-88.79	36.88	451.5	-49.67
Foreign Exchange Rate Adjustments	-5.9	24.02	-20.51	20.08	4.43
Net Cash Flow	203.33	65.29	-105.49	-518.31	779.67
Cash Interest Paid	970.01	692	501.72	355.48	285.62
Cash Income Tax Paid	32.28	12.28	45.03	19.68	13.13
Levered Free Cash Flow	2,691	1,818	1,691	1,051	973.77
Unlevered Free Cash Flow	3,303	2,248	1,966	1,241	1,156
Change in Working Capital	30.69	174.01	-34.81	-63.01	-49.6

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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