Welltower Inc. (WELL)
NYSE: WELL · Real-Time Price · USD
244.46
-0.47 (-0.19%)
At close: Nov 13, 2026, 4:00 PM EST
244.60
+0.14 (0.06%)
After-hours: Nov 13, 2026, 7:53 PM EST
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 | 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 | 1,667 | 936.85 | 951.68 | 340.09 | 141.21 | 336.14 |
Depreciation & Amortization | 2,704 | 2,139 | 1,680 | 1,443 | 1,337 | 1,053 |
Gain (Loss) on Sale of Assets | -2,012 | -1,449 | -451.61 | -133.38 | -16.04 | -235.38 |
Asset Writedown | 109.98 | 121.28 | 92.79 | 36.1 | 17.5 | 51.11 |
Stock-Based Compensation | 1,566 | 1,557 | 75.82 | 37.2 | 26.15 | 17.81 |
Income (Loss) on Equity Investments | 73.35 | 36.15 | 20.01 | 65.07 | 33.75 | 39.7 |
Change in Accounts Receivable | -318.81 | -196.88 | -68.58 | 3.39 | -191.44 | -122.12 |
Change in Other Net Operating Assets | -203.5 | -83.91 | 26.54 | -79.8 | 50.86 | 77.55 |
Other Operating Activities | -251.78 | -168.62 | -79.99 | -119.83 | -80.52 | 50.06 |
Operating Cash Flow | 3,331 | 2,882 | 2,256 | 1,602 | 1,329 | 1,275 |
Operating Cash Flow Growth | 19.54% | 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 | 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 | -1,753 | -1,522 | -1,744 | -1,583 | -1,138 | -719.9 |
Sale of Real Estate Assets | 7,764 | 5,658 | 336.53 | 96.74 | 199.5 | 1,070 |
Net Sale / Acq. of Real Estate Assets | 6,011 | 4,136 | -1,407 | -1,487 | -938.75 | 350.42 |
Cash Acquisition | -19,578 | -13,914 | -3,525 | -3,558 | -2,306 | -4,084 |
Investment in Marketable & Equity Securities | -411.43 | -263.38 | -273.2 | -293.87 | -563.06 | -135.84 |
Other Investing Activities | 17.78 | -2.88 | 20.09 | 31.49 | 63.75 | 7.52 |
Investing Cash Flow | -15,316 | -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 | 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 |
Long-Term Debt Issued | - | 4,366 | 1,213 | 1,397 | 1,153 | 2,052 |
Long-Term Debt Repaid | - | -1,756 | -1,848 | -741.86 | -782.12 | -1,731 |
Net Debt Issued (Repaid) | 612.96 | 2,610 | -635.06 | 655.04 | 371.3 | 320.76 |
Issuance of Common Stock | 9,569 | 8,901 | 7,416 | 6,010 | 3,668 | 2,348 |
Common Dividends Paid | -2,169 | -1,878 | -1,545 | -1,261 | -1,132 | -1,036 |
Total Dividends Paid | -2,169 | -1,878 | -1,545 | -1,261 | -1,132 | -1,036 |
Other Financing Activities | -540.22 | -633.02 | -330.1 | 44.06 | -146.35 | -65.39 |
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 | -12.32 | 129.39 | -11.72 | 11.03 | -10.63 | -1.01 |
Net Cash Flow | -4,525 | 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 | 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 | 8,673 | 2,285 | 3,454 | 1,434 | 1,313 | 1,363 |
Unlevered Free Cash Flow | 9,155 | 2,693 | 3,813 | 1,814 | 1,644 | 1,669 |
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 | 762.04 | 579.59 | 593.03 | 628.58 | 531.67 | 492.74 |
Cash Income Tax Paid | 36.98 | 22.76 | 8.42 | 7.68 | 3.44 | -4.81 |
Change in Working Capital | -522.3 | -280.78 | -42.04 | -76.41 | -140.58 | -44.56 |