Ventas, Inc. (VTR)
NYSE: VTR · Real-Time Price · USD
88.92
-0.73 (-0.81%)
Nov 13, 2026, 4:00 PM EST - Market closed
Ventas Cash Flow Statement
Financials in millions USD. Fiscal year is January - December.
Millions USD. Fiscal year is Jan - Dec.
Operating Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Net Income | 262.06 | 251.38 | 81.15 | -40.97 | -47.45 | 49.01 |
Depreciation & Amortization | 1,480 | 1,276 | 1,143 | 1,129 | 1,039 | 906.92 |
Gain (Loss) on Sale of Assets | -19.36 | -38.58 | -57.01 | -91.25 | -7.78 | -220.24 |
Asset Writedown | 120.8 | 96.2 | 86 | 226.6 | 107.8 | 219.4 |
Stock-Based Compensation | 42.4 | 38.73 | 30.99 | 30.99 | 30.72 | 31.97 |
Income (Loss) on Equity Investments | 59.35 | 24.57 | 16.74 | 2.5 | -8.65 | 14.35 |
Change in Accounts Payable | 155.57 | 81.04 | 133.97 | -6.41 | 7.2 | 16.72 |
Change in Other Net Operating Assets | -100.39 | -31.61 | -90.16 | -47.19 | -47.98 | -60.49 |
Other Operating Activities | -87.92 | -51.03 | -14.93 | -62.8 | 27.14 | 77.56 |
Operating Cash Flow | 1,912 | 1,647 | 1,330 | 1,120 | 1,120 | 1,026 |
Operating Cash Flow Growth | 23.48% | 23.85% | 18.73% | -0.03% | 9.16% | -29.24% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Acquisition of Real Estate Assets | -4,622 | -2,938 | -2,530 | -649.47 | -900.7 | -1,802 |
Sale of Real Estate Assets | 121.21 | 213.16 | 329.09 | 399.53 | 112.93 | 840.44 |
Net Sale / Acq. of Real Estate Assets | -4,501 | -2,725 | -2,201 | -249.94 | -787.77 | -961.58 |
Investment in Marketable & Equity Securities | 3.89 | -22.09 | -61.43 | -5.8 | -55.34 | -111.44 |
Other Investing Activities | 9.27 | 5.01 | 3.54 | 29.19 | 13.7 | 1.29 |
Investing Cash Flow | -4,746 | -2,694 | -2,377 | -184.66 | -859.22 | -724.14 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Short-Term Debt Issued | - | - | - | - | 122.41 | 279.93 |
Long-Term Debt Issued | - | 1,130 | 1,913 | 2,527 | 957.78 | 1,534 |
Total Debt Issued | 1,564 | 1,130 | 1,913 | 2,527 | 1,080 | 1,814 |
Short-Term Debt Repaid | - | - | - | -402.35 | - | - |
Long-Term Debt Repaid | - | -1,787 | -1,628 | -1,986 | -602.57 | -2,235 |
Total Debt Repaid | -1,940 | -1,787 | -1,628 | -2,388 | -602.57 | -2,235 |
Net Debt Issued (Repaid) | -376.39 | -656.03 | 285.01 | 139.59 | 477.63 | -420.79 |
Issuance of Common Stock | 4,257 | 2,455 | 1,991 | 110.19 | 8.69 | 625.61 |
Common Dividends Paid | -976.27 | -860.06 | -740.33 | -723.56 | -720.32 | -686.89 |
Other Financing Activities | -82.24 | -64.7 | -90.39 | -69.97 | -49.93 | -76.4 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Foreign Exchange Rate Adjustments | -1.35 | 2.84 | -3.99 | 1.26 | -2.87 | 1.45 |
Net Cash Flow | -12.92 | -171.1 | 393.77 | 392.72 | -25.85 | -255.04 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Levered Free Cash Flow | 1,477 | 1,214 | 1,122 | 877.19 | 840.07 | 874.96 |
Unlevered Free Cash Flow | 1,872 | 1,597 | 1,499 | 1,236 | 1,132 | 1,150 |
Additional Metrics
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Sep '26 Sep 30, 2026 | Dec '25 Dec 31, 2025 | Dec '24 Dec 31, 2024 | Dec '23 Dec 31, 2023 | Dec '22 Dec 31, 2022 | Dec '21 Dec 31, 2021 |
Cash Interest Paid | 579.69 | 579.69 | 575.74 | 548.11 | 467.56 | 402.03 |
Change in Working Capital | 55.18 | 49.43 | 43.81 | -53.6 | -40.79 | -43.77 |