VICI Properties Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.78B | $2.68B | $2.51B | $1.12B | $1.01B | $891.7M | $546.0M | $523.6M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $3.6M | $4.1M | $4.3M | $3.2M | $3.1M | $3.7M | $3.8M | $3.7M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $16.2M | $17.5M | $15.5M | $13.0M | $9.4M | $7.4M | $5.2M | $2.3M |
| Net Cash from Operating Activities | $2.51B | $2.38B | $2.18B | $1.94B | $896.4M | $883.6M | $682.2M | $504.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.3M | $7.5M | $4.0M | $1.9M | $2.5M | $2.8M | $2.7M | $899.0K |
| Business Acquisitions | $0 | $0 | $1.27B | $4.57B | $0 | $0 | — | — |
| Net Cash from Investing Activities | $-904.8M | $-922.8M | $-2.90B | $-9.30B | $41.4M | $-4.55B | $-1.36B | $-1.14B |
| Financing Activities | ||||||||
| Dividends Paid | $1.85B | $1.75B | $1.58B | $1.22B | $758.8M | $612.2M | $504.0M | $262.7M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-1.57B | $-1.46B | $1.03B | $6.83B | $-514.2M | $2.88B | $1.18B | $1.04B |
| Net Change in Cash | $38.9M | $2.0M | $313.6M | $-530.7M | $423.6M | $-785.9M | $503.4M | $401.0M |
| Free Cash Flow | $2.51B | $2.37B | $2.18B | $1.94B | $893.8M | $880.9M | $679.4M | $503.2M |