Gladstone Commercial Corporation
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $5.9M | $4.0M | $3.6M | $-5.9M | $1.5M | $3.8M | $5.7M | $4.9M |
| Depreciation & Amortization | $42.8M | $37.5M | $35.3M | $28.9M | $22.8M | $16.8M | $14.1M | $13.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $15.9M | $13.4M | $13.1M | $10.1M | $7.3M | $4.9M | $4.0M | $3.7M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $46.8M | $41.2M | $31.5M | $28.2M | $19.9M | $23.4M | $19.7M | $18.1M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-99.9M | $-59.8M | $-74.5M | $-130.4M | $-137.1M | $-92.0M | $-46.0M | $8.1M |
| Financing Activities | ||||||||
| Dividends Paid | $50.4M | $42.5M | $36.9M | $30.4M | $23.9M | $20.6M | $19.6M | $17.0M |
| Stock Repurchases | $24.0K | $178.0K | $0 | $0 | — | — | — | — |
| Net Cash from Financing Activities | $54.4M | $17.0M | $39.5M | $102.3M | $120.2M | $70.8M | $22.6M | $-22.2M |
| Net Change in Cash | $2.0M | $-494.0K | $-3.4M | $53.0K | $3.0M | $2.2M | $-3.7M | $4.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |