Agree Realty Corp.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $58.1M | $45.1M | $39.0M | $18.5M | $19.7M | $18.0M | $9.6M | $15.1M |
| Depreciation & Amortization | $26.7M | $23.4M | $16.5M | $11.1M | $8.5M | $6.2M | $5.2M | $4.3M |
| Depreciation | $19.6M | $15.3M | $11.5M | $8.5M | $7.0M | $5.8M | $6.1M | $5.8M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.4M | $2.3M | $2.0M | $2.0M | $1.8M | $1.7M | $1.4M | $1.2M |
| Net Cash from Operating Activities | $82.2M | $61.7M | $44.7M | $35.1M | $29.6M | $21.2M | $25.5M | $26.1M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | $75.9M | $64.2M | $35.7M | $47.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-319.1M | $-297.6M | $-202.8M | $-147.7M | $-85.3M | $-69.3M | $-29.3M | $-33.2M |
| Financing Activities | ||||||||
| Dividends Paid | $55.1M | $42.1M | $33.0M | $25.4M | $20.9M | $17.7M | $16.8M | $18.3M |
| Stock Repurchases | $1.1M | $712.0K | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $262.3M | $266.5M | $155.4M | $103.5M | $68.9M | $47.3M | $5.2M | $7.0M |
| Net Change in Cash | $25.4M | $30.7M | $-2.7M | $-9.1M | $13.3M | $-732.6K | $1.4M | $-95.4K |
| Free Cash Flow | — | — | — | — | $-46.3M | $-43.0M | $-10.2M | $-20.9M |