Welltower Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $961.8M | $972.9M | $358.1M | $160.6M | $374.5M | $1.04B | $1.33B | $829.8M |
| Depreciation & Amortization | $2.08B | $1.63B | $1.40B | $1.31B | $1.04B | $1.04B | $1.03B | $950.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $1.56B | $75.8M | $37.2M | $26.1M | $17.8M | $28.3M | $25.0M | $27.6M |
| Net Cash from Operating Activities | $2.88B | $2.26B | $1.60B | $1.33B | $1.28B | $1.36B | $1.54B | $1.58B |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-10.51B | $-5.51B | $-5.71B | $-3.70B | $-4.52B | $2.35B | $-2.05B | $-2.39B |
| Financing Activities | ||||||||
| Dividends Paid | $1.88B | $1.55B | $1.26B | $1.13B | $1.04B | $1.12B | $1.40B | $1.30B |
| Stock Repurchases | — | — | — | $0 | $0 | $7.7M | $0 | $0 |
| Net Cash from Financing Activities | $9.00B | $4.91B | $5.45B | $2.76B | $1.57B | $-2.08B | $577.2M | $818.4M |
| Net Change in Cash | $1.50B | $1.64B | $1.35B | $375.5M | $-1.67B | $1.64B | $69.6M | $6.8M |
| Free Cash Flow | — | — | — | — | — | — | — | — |