Vornado Realty Trust (VNO)

Vornado Realty Trust 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	874.82	70.39	105.49	-346.5	176	-297.01
Depreciation & Amortization	459.49	444.47	429.01	499.32	403.1	382.6
Other Amortization	20.37	21.92	23.3	21.8	20.25	18.46
Gain (Loss) on Sale of Assets	-24.04	-16.05	-71.2	-100.63	-50.77	-381.32
Gain (Loss) on Sale of Investments	33.2	41.75	9.13	3.02	-4.62	231.05
Asset Writedown	-	-	45.01	19.1	7.88	236.29
Stock-Based Compensation	27.44	30.17	43.2	29.25	38.33	48.68
Income (Loss) on Equity Investments	-19.42	30.42	134.18	645.85	84	504.36
Change in Accounts Receivable	2.28	4.7	9.38	-4.44	-0.19	-5.33
Change in Accounts Payable	-14.11	-6.8	10.72	5.72	35.86	14.87
Change in Other Net Operating Assets	-95.12	-54.89	-45.68	86.05	-32.12	-201.02
Other Operating Activities	125.6	-28.35	-44.39	-59.61	76.4	-203.96
Operating Cash Flow	1,391	537.72	648.15	798.94	761.81	424.24
Operating Cash Flow Growth	178.34%	-17.04%	-18.87%	4.88%	79.57%	-35.97%
Acquisition of Real Estate Assets	-472.31	-465.61	-797.75	-900.8	-738.4	-1,154
Sale of Real Estate Assets	47.15	33.61	148	461.28	237.43	1,044
Net Sale / Acq. of Real Estate Assets	-425.16	-432.01	-649.74	-439.51	-500.97	-109.61
Cash Acquisition	-	-	-	-	-123.94	-
Investment in Marketable & Equity Securities	710.05	-115.36	430.17	-467.35	91.01	21.81
Investing Cash Flow	234.89	-597.37	-128.79	-906.86	-532.35	-87.8
Long-Term Debt Issued	-	75	-	1,030	3,248	1,056
Long-Term Debt Repaid	-	-97.44	-148	-1,251	-1,584	-1,068
Net Debt Issued (Repaid)	-1,160	-22.44	-148	-221.6	1,664	-11.25
Issuance of Common Stock	-	-	-	-	0.9	5.86
Repurchase of Common Stock	-	-	-29.18	-	-1.57	-0.14
Preferred Stock Issued	-	-	-	-	291.15	291.18
Preferred Share Repurchases	-	-	-	-	-300	-
Common Dividends Paid	-141.1	-141.1	-129.07	-406.56	-406.11	-827.32
Preferred Dividends Paid	-62.11	-62.11	-62.12	-62.12	-65.88	-64.27
Total Dividends Paid	-203.21	-203.22	-191.18	-468.68	-471.99	-891.59
Other Financing Activities	-15.77	-26.67	89.43	-111	-1,212	392.73
Net Cash Flow	246.44	-311.97	240.43	-909.19	199.98	123.24
Cash Interest Paid	337.8	322.77	381.41	252.37	188.59	210.05
Cash Income Tax Paid	6.8	7.61	10.37	7.95	9.16	15.11
Levered Free Cash Flow	418.59	531.16	398.19	550.55	686.54	141.32
Unlevered Free Cash Flow	618.18	727.06	586.29	703.33	795.9	266.14
Change in Working Capital	-106.95	-56.98	-25.58	87.33	3.55	-191.48

Updated Aug 4, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q