Extra Space Storage Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $974.0M | $854.7M | $803.2M | $860.7M | $827.6M | $481.8M | $420.0M | $415.3M |
| Depreciation & Amortization | $715.2M | $783.0M | $506.1M | $288.3M | $241.9M | — | $219.9M | $209.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $21.2M | $114.6M | $59.8M | $14.0M | $4.8M | $2.3M | $6.6M | $9.1M |
| Stock-Based Compensation | $35.5M | $29.0M | $26.5M | $21.4M | $17.3M | $16.3M | $13.1M | $11.2M |
| Net Cash from Operating Activities | $1.85B | $1.89B | $1.40B | $1.24B | $952.4M | $771.2M | $707.7M | $677.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $561.7M | $479.1M | $135.6M | $1.19B | — | — | — | — |
| Business Acquisitions | — | $0 | $0 | $157.3M | $0 | $0 | — | — |
| Net Cash from Investing Activities | $-814.2M | $-1.65B | $-1.82B | $-1.65B | $-837.5M | $-955.4M | $-621.6M | $-443.9M |
| Financing Activities | ||||||||
| Dividends Paid | $1.37B | $1.38B | $1.05B | $805.3M | $601.0M | $467.8M | $458.1M | $424.9M |
| Stock Repurchases | $149.5M | $0 | $0 | $63.0M | $0 | $67.9M | $0 | $0 |
| Net Cash from Financing Activities | $-1.04B | $-202.3M | $423.1M | $431.9M | $-166.7M | $241.5M | $-88.0M | $-247.3M |
| Net Change in Cash | $-123.0K | $38.2M | $7.3M | $21.5M | $-51.8M | $57.3M | $-2.0M | $-13.4M |
| Free Cash Flow | $1.29B | $1.41B | $1.27B | $44.9M | — | — | — | — |
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