Realty Income Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.06B | $860.8M | $872.3M | $869.4M | $359.5M | $395.5M | $436.5M | $363.6M |
| Depreciation & Amortization | $2.52B | $2.40B | $1.90B | $1.67B | $897.8M | $677.0M | $594.0M | $539.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $30.8M | $57.5M | $26.2M | $21.6M | $41.8M | $16.5M | $13.7M | $27.3M |
| Net Cash from Operating Activities | $3.99B | $3.57B | $2.96B | $2.56B | $1.32B | $1.12B | $1.07B | $940.7M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | $0 | $0 | $366.0M | $0 | $0 | — |
| Net Cash from Investing Activities | $-5.66B | $-3.34B | $-9.35B | $-8.39B | $-6.44B | $-2.03B | $-3.50B | $-1.64B |
| Financing Activities | ||||||||
| Dividends Paid | $2.92B | $2.69B | $2.11B | $1.81B | $1.17B | $964.2M | $852.1M | $761.6M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $1.68B | $-21.2M | $6.44B | $5.74B | $4.58B | $1.69B | $2.49B | $707.9M |
| Net Change in Cash | $25.3M | $203.3M | $65.3M | $-105.5M | $-518.3M | $779.7M | $49.9M | $8.9M |
| Free Cash Flow | — | — | — | — | — | — | — | — |