Welltower Inc. (WELL)
NYSE: WELL · Real-Time Price · USD
236.92
+0.92 (0.39%)
At close: Aug 7, 2026, 4:00 PM EDT
236.02
-0.90 (-0.38%)
After-hours: Aug 7, 2026, 7:58 PM EDT
Welltower 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 | Jun '26 Jun 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 | 1,615 | 961.84 | 972.86 | 358.14 | 160.57 | 374.48 |
Depreciation & Amortization | 2,514 | 2,141 | 1,680 | 1,444 | 1,339 | 1,057 |
Stock-Based Compensation | 1,559 | 1,557 | 75.82 | 37.2 | 26.15 | 17.81 |
Other Adjustments | -2,044 | -1,497 | -430.07 | -160.81 | -56.03 | -129.12 |
Change in Receivables | -271.8 | -196.88 | -68.58 | 3.39 | -191.44 | -122.12 |
Changes in Accrued Expenses | -186.55 | -83.91 | 26.54 | -79.8 | 50.86 | 77.55 |
Operating Cash Flow | 3,186 | 2,882 | 2,256 | 1,602 | 1,329 | 1,275 |
Operating Cash Flow Growth | 21.93% | 27.71% | 40.86% | 20.56% | 4.19% | -6.55% |
Investing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Capital Expenditures | -1,563 | -1,522 | -1,744 | -1,583 | -1,138 | -719.9 |
Sale of Property, Plant & Equipment | 7,601 | 5,658 | 336.53 | 96.74 | 199.5 | 1,070 |
Purchases of Investments | -3,282 | -1,191 | -888.06 | -834.23 | -658.22 | -1,393 |
Proceeds from Sale of Investments | 1,411 | 532.76 | 346.8 | 239.97 | 233.88 | 630.03 |
Cash Acquisitions | -17,297 | -13,914 | -3,525 | -3,558 | -2,306 | -4,084 |
Other Investing Activities | -27.9 | -76.64 | -40.93 | -68.64 | -34.71 | -19.08 |
Investing Cash Flow | -13,158 | -10,513 | -5,515 | -5,708 | -3,704 | -4,516 |
Financing Activities
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | - | - | - | - | -324.94 | 324.94 |
Net Short-Term Debt Issued (Repaid) | - | - | - | - | -324.94 | 324.94 |
Long-Term Debt Issued | 404.89 | 4,366 | 1,213 | 1,397 | 1,153 | 1,727 |
Long-Term Debt Repaid | -2,559 | -1,756 | -1,848 | -741.86 | -457.18 | -1,731 |
Net Long-Term Debt Issued (Repaid) | -2,154 | 2,610 | -635.06 | 655.04 | 696.24 | -4.18 |
Issuance of Common Stock | 9,386 | 8,901 | 7,416 | 6,010 | 3,668 | 2,348 |
Net Common Stock Issued (Repurchased) | 9,386 | 8,901 | 7,416 | 6,010 | 3,668 | 2,348 |
Common Dividends Paid | -2,051 | -1,878 | -1,545 | -1,261 | -1,132 | -1,036 |
Other Financing Activities | -573.72 | -633.02 | -330.1 | 44.06 | -146.35 | -65.39 |
Financing Cash Flow | 7,608 | 9,000 | 4,905 | 5,449 | 2,761 | 1,568 |
Net Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 | -62.15 | 129.39 | -11.72 | 11.03 | -10.63 | -1.01 |
Net Cash Flow | -2,426 | 1,498 | 1,635 | 1,354 | 375.54 | -1,674 |
Free Cash Flow
Fiscal Year | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|---|
Period Ending | Jun '26 Jun 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 |
Free Cash Flow | 1,623 | 1,360 | 512.86 | 18.55 | 190.46 | 555.42 |
Free Cash Flow Growth | 75.92% | 165.16% | 2665.49% | -90.26% | -65.71% | -38.35% |
FCF Margin | 12.72% | 12.55% | 6.42% | 0.28% | 3.25% | 11.71% |
Free Cash Flow Per Share | 2.27 | 2.00 | 0.84 | 0.04 | 0.41 | 1.30 |
Levered Free Cash Flow | 160.64 | 4,082 | 279.46 | 775.76 | 763.73 | 1,071 |
Unlevered Free Cash Flow | 1,241 | 740.65 | 1,033 | 719.72 | 932.08 | 1,102 |