Ventas, Inc. (VTR)

Ventas Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	272.21	261.52	88.35	-30.3	-40.93	56.56
Depreciation & Amortization	1,474	1,411	1,283	1,415	1,211	1,215
Stock-Based Compensation	44.75	38.73	30.99	30.99	30.72	31.97
Other Adjustments	-125.69	-114.42	-116.81	-242.1	-39.59	-233.75
Changes in Accounts Payable	104.29	81.04	133.97	-6.41	7.2	16.72
Changes in Accrued Expenses	6.39	-0.92	27.21	1.25	4.92	-5.92
Changes in Other Operating Activities	-56.17	-30.68	-117.36	-48.45	-52.9	-54.57
Operating Cash Flow	1,720	1,647	1,330	1,120	1,120	1,026
Operating Cash Flow Growth	24.26%	23.85%	18.73%	-0.03%	9.16%	-29.24%
Capital Expenditures	-3,171	-2,938	-2,530	-649.47	-900.7	-1,802
Sale of Property, Plant & Equipment	246.97	213.16	329.09	399.53	112.93	840.44
Purchases of Investments	-0.59	-0.94	-125.36	-2.75	-30.7	-0.49
Proceeds from Sale of Investments	52.77	48.82	6.87	44.63	0.89	348.09
Proceeds from Business Divestments	-	-	-	50.05	-	-
Other Investing Activities	-7.57	-17.08	-57.89	-26.66	-41.64	-110.16
Investing Cash Flow	-2,879	-2,694	-2,377	-184.66	-859.22	-724.14
Short-Term Debt Issued	64.78	-6.77	-7.1	-414.76	95.24	154.53
Net Short-Term Debt Issued (Repaid)	64.78	-6.77	-7.1	-414.76	95.24	154.53
Long-Term Debt Issued	1,390	1,131	1,913	2,527	957.78	1,534
Long-Term Debt Repaid	-1,500	-1,780	-1,621	-1,973	-575.39	-2,110
Net Long-Term Debt Issued (Repaid)	-109.42	-649.26	292.12	554.35	382.39	-575.32
Issuance of Common Stock	2,371	2,455	1,991	110.19	8.69	625.61
Net Common Stock Issued (Repurchased)	2,371	2,455	1,991	110.19	8.69	625.61
Common Dividends Paid	-891.22	-860.06	-740.33	-723.56	-720.32	-686.89
Other Financing Activities	-79.21	-64.7	-90.39	-69.97	-49.93	-76.4
Financing Cash Flow	1,113	873.76	1,445	-543.75	-283.93	-558.47
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.46	2.84	-3.99	1.26	-2.87	1.45
Net Cash Flow	-46.13	-173.94	397.76	391.46	-22.98	-256.49
Free Cash Flow	-1,451	-1,292	-1,200	470.4	219.47	-775.91
Free Cash Flow Growth	-	-	-	114.34%	-	-
FCF Margin	-23.82%	-22.31%	-24.56%	10.54%	5.38%	-20.76%
Free Cash Flow Per Share	-3.07	-2.79	-2.88	1.16	0.54	-2.01
Levered Free Cash Flow	-1,426	-1,882	-836.54	810.42	699.45	-1,002
Unlevered Free Cash Flow	-806.2	-660.13	-227.61	1,045	259.26	-411.28

Updated Apr 28, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q