KIMCO REALTY CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $584.7M | $410.8M | $654.3M | $126.0M | $844.1M | $1.00B | $410.6M | $497.8M |
| Depreciation & Amortization | $627.1M | $603.7M | $507.3M | $505.0M | $395.3M | $289.0M | $277.9M | $310.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $33.2M | $34.9M | $33.1M | $26.6M | $23.2M | $23.7M | $20.2M | $18.2M |
| Net Cash from Operating Activities | $1.12B | $1.01B | $1.07B | $861.1M | $618.9M | $589.9M | $583.6M | $637.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $18.4M | — | — | — | — | — | — | — |
| Business Acquisitions | $0 | $149.1M | $0 | $0 | $264.0M | $0 | $0 | — |
| Net Cash from Investing Activities | $-376.8M | $-318.5M | $-137.0M | $-63.2M | $-476.3M | $-33.3M | $-120.4M | $253.6M |
| Financing Activities | ||||||||
| Dividends Paid | $711.7M | $682.8M | $654.4M | $542.3M | $380.3M | $377.7M | $528.6M | $526.9M |
| Stock Repurchases | $120.3M | $0 | $0 | — | — | $0 | $0 | $75.1M |
| Net Cash from Financing Activities | $-1.22B | $-781.1M | $-300.7M | $-982.7M | $-101.1M | $-387.4M | $-482.8M | $-986.5M |
| Net Change in Cash | $-476.9M | $-94.0M | $633.9M | $-184.8M | $41.5M | $169.2M | $-19.6M | $-94.9M |
| Free Cash Flow | $1.10B | — | — | — | — | — | — | — |