Innovative Industrial Properties, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $118.2M | $161.7M | $165.6M | $154.4M | $114.0M | $65.7M | $23.5M | $7.0M |
| Depreciation & Amortization | $74.1M | $70.8M | $67.2M | $61.3M | $41.8M | $28.0M | $8.6M | $2.6M |
| Depreciation | $73.0M | $69.9M | $66.3M | $60.5M | $41.7M | $28.0M | $8.6M | — |
| Amortization | — | — | — | — | $33.0K | — | — | — |
| Stock-Based Compensation | $10.1M | $17.3M | $19.6M | $17.5M | $8.6M | $3.3M | $2.5M | $1.5M |
| Net Cash from Operating Activities | $198.2M | $258.4M | $255.5M | $234.1M | $188.7M | $110.8M | $44.9M | $15.7M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-174.3M | $-56.0M | $-6.8M | $-396.2M | $-384.1M | $-1.03B | $-340.6M | $-199.3M |
| Financing Activities | ||||||||
| Dividends Paid | $216.3M | $212.0M | $202.7M | $183.9M | $131.0M | $75.5M | $22.6M | $6.6M |
| Stock Repurchases | $20.1M | $0 | $0 | — | — | — | — | — |
| Net Cash from Financing Activities | $-122.5M | $-197.9M | $-195.6M | $164.2M | $155.8M | $925.0M | $400.0M | $184.9M |
| Net Change in Cash | — | — | — | — | — | — | $-104.3M | $1.3M |
| Free Cash Flow | — | — | — | — | — | — | — | — |