Phillips Edison & Company, Inc. (PECO)

Phillips Edison & Company 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	68.84	62.69	56.85	48.32	15.12	4.77
Depreciation & Amortization	259.05	245.03	231.27	229.2	217.85	221.51
Other Amortization	4.51	4.47	4.24	3.41	4.42	4.98
Gain (Loss) on Sale of Assets	-5.53	0.03	-1.11	-7.52	-30.42	-6.49
Gain (Loss) on Sale of Investments	-	-	3	-	-	-
Asset Writedown	1.4	1.4	-	3.02	6.75	2.78
Stock-Based Compensation	10.24	9.7	6.87	15.41	16.39	5.86
Income (Loss) on Equity Investments	0.57	0.35	0.27	1.25	2.7	1.96
Change in Accounts Payable	27.11	26.36	2.11	9.96	8.51	-8.94
Change in Other Net Operating Assets	-17.11	-16.62	-11.52	-10.15	-4.5	-6.95
Other Operating Activities	0.7	1.31	-1	-2.02	26.08	-8.9
Operating Cash Flow	349.77	334.71	290.97	290.89	262.9	210.58
Operating Cash Flow Growth	15.75%	15.03%	0.03%	10.65%	24.85%	-7.18%
Acquisition of Real Estate Assets	-571.73	-391.37	-365.52	-386.5	-383.39	-105.45
Sale of Real Estate Assets	6.44	-	7.21	52.02	206.38	57.9
Net Sale / Acq. of Real Estate Assets	-565.29	-391.37	-358.32	-334.48	-177.02	-47.55
Investment in Marketable & Equity Securities	-14.11	-4.81	2.37	1.15	-3.48	3.45
Other Investing Activities	0.57	3.24	2.56	2.08	-	-
Investing Cash Flow	-578.83	-392.94	-353.39	-331.25	-180.49	-44.09
Long-Term Debt Issued	-	1,157	561	376	831.02	255
Long-Term Debt Repaid	-	-1,023	-502.5	-378.92	-1,239	-319.98
Net Debt Issued (Repaid)	335.97	133.58	58.5	-2.92	-407.7	-64.98
Issuance of Common Stock	74.55	74.55	149.14	90.12	547.4	-
Repurchase of Common Stock	-	-	-	-	-77.77	-5.27
Common Dividends Paid	-164.32	-134.02	-135.75	-127.08	-106.7	-49.33
Other Financing Activities	-18.92	-16.1	-17.94	-17.95	-54.06	-10.08
Net Cash Flow	-1.77	-0.23	-8.47	-98.18	-16.41	36.83
Cash Interest Paid	82.85	75.04	76.48	65.1	68.09	78.52
Cash Income Tax Paid	0.92	0.92	0.69	0.19	0.56	0.95
Levered Free Cash Flow	197.52	269.7	206.64	158.99	193.9	192.81
Unlevered Free Cash Flow	251.92	319.96	250.03	200.07	237.21	241.14
Change in Working Capital	10	9.74	-9.41	-0.19	4.01	-15.89

Updated Jul 24, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q