Phillips Edison & Company, Inc. (PECO)

Phillips Edison & Company Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	62.69	56.85	48.32	15.12
Depreciation & Amortization	245.03	231.27	229.2	217.85
Other Amortization	4.47	4.24	3.41	4.42
Gain (Loss) on Sale of Assets	0.03	-1.11	-7.52	-30.42
Gain (Loss) on Sale of Investments	-	3	-	-
Asset Writedown	1.4	-	3.02	6.75
Stock-Based Compensation	9.7	6.87	15.41	16.39
Income (Loss) on Equity Investments	0.35	0.27	1.25	2.7
Change in Accounts Payable	26.36	2.11	9.96	8.51
Change in Other Net Operating Assets	-16.62	-11.52	-10.15	-4.5
Other Operating Activities	1.31	-1	-2.02	26.08
Operating Cash Flow	334.71	290.97	290.89	262.9
Operating Cash Flow Growth	15.03%	0.03%	10.65%	24.85%
Acquisition of Real Estate Assets	-391.37	-365.52	-386.5	-383.39
Sale of Real Estate Assets	-	7.21	52.02	206.38
Net Sale / Acq. of Real Estate Assets	-391.37	-358.32	-334.48	-177.02
Investment in Marketable & Equity Securities	-4.81	2.37	1.15	-3.48
Other Investing Activities	3.24	2.56	2.08	-
Investing Cash Flow	-392.94	-353.39	-331.25	-180.49
Long-Term Debt Issued	1,157	561	376	831.02
Long-Term Debt Repaid	-1,023	-502.5	-378.92	-1,239
Net Debt Issued (Repaid)	133.58	58.5	-2.92	-407.7
Issuance of Common Stock	74.55	149.14	90.12	547.4
Repurchase of Common Stock	-	-	-	-77.77
Common Dividends Paid	-134.02	-135.75	-127.08	-106.7
Other Financing Activities	-16.1	-17.94	-17.95	-54.06
Net Cash Flow	-0.23	-8.47	-98.18	-16.41
Cash Interest Paid	75.04	76.48	65.1	68.09
Cash Income Tax Paid	0.92	0.69	0.19	0.56
Levered Free Cash Flow	237.33	206.64	158.99	193.9
Unlevered Free Cash Flow	292.67	250.03	200.07	237.21
Change in Working Capital	9.74	-9.41	-0.19	4.01

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

SEC Filings: 10-K · 10-Q