GLADSTONE LAND CORP
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $13.5M | $13.3M | $14.6M | $4.7M | $3.5M | $4.9M | $1.7M | $2.6M |
| Depreciation & Amortization | $34.5M | $35.1M | $37.2M | $35.4M | $27.2M | $16.7M | $12.8M | $9.4M |
| Depreciation | $34.1M | $34.0M | $36.1M | $34.3M | $25.9M | $14.9M | $11.2M | $8.2M |
| Amortization | — | — | $988.0K | $1.0M | $1.3M | $1.7M | $1.6M | $1.1M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $7.0M | $29.5M | $40.1M | $43.8M | $32.4M | $25.0M | $21.4M | $10.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $84.1M | $63.3M | $-3.8M | $-85.5M | $-295.0M | $-272.9M | $-262.7M | $-93.8M |
| Financing Activities | ||||||||
| Dividends Paid | $20.5M | $20.1M | $19.8M | $18.9M | $16.5M | $12.0M | $10.5M | $8.3M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-82.2M | $-93.2M | $-78.9M | $86.1M | $270.1M | $243.4M | $240.2M | $95.2M |
| Net Change in Cash | $8.9M | $-296.0K | $-42.6M | $44.4M | $7.5M | $-4.5M | $-1.0M | $11.8M |
| Free Cash Flow | — | — | — | — | — | — | — | — |