Phillips Edison & Company, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $111.3M | $62.7M | $56.8M | $48.3M | $15.1M | $4.8M | $-63.5M | $39.1M |
| Depreciation & Amortization | $266.4M | $253.0M | $236.4M | $236.2M | $221.4M | $224.7M | $231.0M | $177.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $11.7M | $9.7M | $6.9M | $15.4M | $16.4M | $5.9M | $7.7M | $5.1M |
| Net Cash from Operating Activities | $348.1M | $334.7M | $291.0M | $290.9M | $262.9M | $210.6M | $226.9M | $153.3M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $-392.3M | $-392.9M | $-353.4M | $-331.2M | $-180.5M | $-44.1M | $64.2M | $-258.9M |
| Financing Activities | ||||||||
| Dividends Paid | $157.3M | $134.0M | $135.7M | $127.1M | $106.7M | $49.3M | $123.1M | $80.7M |
| Stock Repurchases | — | — | $0 | $0 | $77.8M | $5.3M | $34.7M | $53.2M |
| Net Cash from Financing Activities | $78.8M | $58.0M | $53.9M | $-57.8M | $-98.8M | $-129.7M | $-280.3M | $162.4M |
| Net Change in Cash | $34.7M | $-229.0K | $-8.5M | $-98.2M | $-16.4M | $36.8M | $10.8M | $56.9M |
| Free Cash Flow | — | — | — | — | — | — | — | — |