Healthpeak Properties Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $71.3M | $243.1M | $306.0M | $500.4M | $505.5M | $413.6M | $45.5M | $1.06B |
| Depreciation & Amortization | $1.06B | $1.06B | $749.9M | $710.6M | $684.3M | $553.9M | $435.2M | $404.7M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $14.4M | $15.5M | $14.5M | $26.5M | $18.2M | $17.4M | $18.2M | $16.6M |
| Net Cash from Operating Activities | $1.25B | $1.07B | $956.2M | $900.3M | $795.2M | $758.4M | $846.1M | $848.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $894.9M | $736.8M | $774.6M | $962.0M | $759.7M | $788.9M | $677.3M | $560.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.03B | $-113.8M | $-576.8M | $-876.3M | $531.0M | $-1.01B | $-1.45B | $1.83B |
| Financing Activities | ||||||||
| Dividends Paid | $849.1M | $794.8M | $657.0M | $648.0M | $650.1M | $787.1M | $720.1M | $696.9M |
| Stock Repurchases | $97.1M | $190.7M | $6.5M | $67.8M | $12.8M | $10.5M | $5.0M | $3.4M |
| Net Cash from Financing Activities | $136.1M | $-941.4M | $-337.3M | $-116.5M | $-1.29B | $246.5M | $647.3M | $-2.62B |
| Net Change in Cash | $353.4M | $15.3M | $42.2M | $-92.6M | $37.8M | $-3.0M | $44.8M | $57.6M |
| Free Cash Flow | $357.0M | $333.7M | $181.7M | $-61.7M | $35.5M | $-30.5M | $168.8M | $287.8M |