Global Net Lease, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-225.5M | $-131.6M | $-211.9M | $12.0M | $11.4M | $10.8M | $46.5M | $10.9M |
| Depreciation & Amortization | $191.2M | $216.8M | $179.4M | $154.0M | $163.1M | $138.5M | $126.0M | $119.6M |
| Depreciation | $132.9M | $176.2M | $121.3M | $96.2M | $94.1M | $80.5M | $69.3M | $64.8M |
| Amortization | $88.1M | $173.7M | $101.0M | $57.8M | $69.0M | $58.1M | $56.7M | $54.7M |
| Stock-Based Compensation | $12.5M | $8.9M | $17.3M | $12.1M | $11.0M | $10.1M | $9.5M | $2.6M |
| Net Cash from Operating Activities | $222.8M | $299.5M | $143.7M | $181.8M | $192.5M | $176.9M | $146.0M | $144.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $33.4M | $45.6M | $47.3M | $29.9M | $7.9M | $6.4M | $17.3M | $1.5M |
| Business Acquisitions | $0 | $0 | $451.4M | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $1.80B | $759.9M | $-551.9M | $-16.5M | $-436.6M | $-470.5M | $-294.5M | $-457.9M |
| Financing Activities | ||||||||
| Dividends Paid | $192.1M | $272.4M | $207.0M | $166.8M | $156.2M | $155.1M | $150.8M | $147.4M |
| Stock Repurchases | $120.3M | $0 | $0 | $686.0K | $156.0K | $0 | $0 | — |
| Net Cash from Financing Activities | $-2.06B | $-995.4M | $469.0M | $-149.7M | $218.3M | $140.7M | $300.0M | $312.2M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $189.4M | $253.8M | $96.4M | $151.9M | $184.6M | $170.5M | $128.7M | $143.1M |