EPR PROPERTIES

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations $176.2m $173.0m $146.1m $274.9m
Net Income (Loss) Attributable to Parent $225.0m $263.0m $267.0m $202.2m ($131.7m) $98.6m $176.2m $173.0m $146.1m $274.9m
Net Income (Loss) Available to Common Stockholders, Basic $201.2m $234.2m $242.8m $178.1m ($155.9m) $74.5m $152.1m $148.9m $121.9m $250.8m
Gain (Loss) on Disposition of Real Estate, Discontinued Operations $31.9m $0 $0
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $225.0m $263.0m $267.0m $202.2m ($131.7m) $98.6m $176.2m $173.0m $146.1m $274.9m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $154.6m ($131.7m) $98.6m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $225.0m $263.0m $267.0m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $0
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $47.7m $0 $0
Depreciation and amortization $107.6m $132.9m $153.4m $158.8m $170.3m $163.8m $163.7m $168.0m $165.7m $169.2m
Amortization of Debt Issuance Costs $4.8m $6.2m $5.8m $6.2m $6.6m $7.7m $8.4m $8.6m $8.8m $8.8m
Depreciation $103.9m $129.1m $148.7m $153.2m $162.6m $158.3m $158.8m $159.3m $161.9m $165.4m
Amortization of deferred financing costs $4.8m $6.2m $5.8m $6.2m $6.6m $7.7m $8.4m $8.6m $8.8m $8.8m
Amortization of above and below Market Leases $183k ($107k) ($581k) ($343k) ($480k) ($385k) ($355k) ($535k) ($333k) ($324k)
Amortization Cash Flow ($355k) ($535k) ($333k) ($324k)
Amortization Of Intangibles ($355k) ($535k) ($333k) ($324k)
Depreciation Amortization Depletion $163.3m $167.5m $165.4m $168.8m
Deferred Income Tax Expense (Benefit) ($1.1m) $812k $573k ($4.1m) $15.2m $0 ($169k) ($344k) ($1.5m) ($846k)
Deferred Other Tax Expense (Benefit) ($792k) $949k $892k ($396k) $10.8m $0 ($169k) ($344k) ($1.5m) ($1.1m)
Deferred income tax benefit (expense) ($1.1m) $812k $573k ($4.1m) $15.2m $0 ($169k) ($344k) ($1.5m) ($846k)
Deferred Income Tax ($169k) ($344k) ($1.5m) ($846k)
Deferred Tax ($169k) ($344k) ($1.5m) ($846k)
Share-based Payment Arrangement, Noncash Expense $11.2m $14.1m $15.1m $13.2m $17.5m $14.1m $15.3m
Payment, Tax Withholding, Share-based Payment Arrangement ($5k) ($62k) $732k $0 $2k $11k $0 $0 $1k
Equity Method Investment, Other than Temporary Impairment $3.2m $0 $647k $0 $28.2m $0
Impairment, Long-Lived Asset, Held-for-Use $67.4m $51.8m $0
Impairment charges on joint ventures $647k $0 $28.2m $0
Share-based compensation expense to management and trustees $11.2m $14.1m $15.1m $13.2m $13.8m $14.9m $16.7m $17.5m $14.1m $15.3m
Asset Impairment Charge $28.0m $67.4m $80.0m $0
Income (Loss) from Equity Method Investments $619k $72k ($22k) ($381k) ($4.6m) ($5.1m) ($1.7m) ($6.8m) ($8.8m) ($3.8m)
Gain (Loss) on Extinguishment of Debt $977k $0 $0
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property $41.9m $3.0m $36.1m $50.1m $17.9m $651k ($2.2m) $16.1m $39.5m
Gain (Loss) on Disposition of Assets $4.2m $50.1m $17.9m $651k ($2.2m) $16.1m $39.5m
Gain (Loss) on Disposition of Property Plant Equipment $0 $0 $3.0m $36.1m $50.1m $17.9m $651k ($2.2m) $16.1m $39.5m
Income Tax Expense (Benefit) $553k $2.4m $2.3m ($3.0m) $16.8m $1.6m $1.2m $1.7m $1.4m $2.5m
Operating Lease, Lease Income $361.4m $478.9m $575.6m $616.1m $585.2m $608.6m
Loss from Equity Method Investments ($619k) ($72k) $22k $381k $4.6m $5.1m $1.7m $6.8m $8.8m $3.8m
Increase (Decrease) in Operating Lease Assets and Liabilities, Net $0 $0 $1.2m $344k ($551k) $463k ($6k) ($1.3m) ($1.6m)
Earnings (Loss)es From Equity Investments $1.7m $6.8m $8.8m $3.8m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $37.6m ($8.9m) $22.3m $1.4m $47.4m ($36.8m) ($26.0m) $10.1m $22.0m $14.6m
Increase (Decrease) in Other Operating Assets $3.3m $1.7m $1.1m $1.3m $2.7m $1.3m $473k $2.7m $7.9m $2.3m
Payments of Financing Costs $14.4m $14.3m $8.6m $9.4m $6.3m $15.2m $328k $369k $0 $12.1m
Gain (Loss) Related to Litigation Settlement ($2.1m) $0 $0
General and Administrative Expense $37.5m $43.4m $48.9m $46.4m $42.6m $44.4m $51.6m $56.4m $50.1m $55.8m
Goodwill $693k $693k $693k $693k $693k $693k $693k $693k $693k $693k
Provision for Loan, Lease, and Other Losses $30.7m ($22.0m)
Financing Receivable, Credit Loss, Expense (Reversal) $0 $0 $30.7m ($22.0m) $10.8m $878k $12.2m $8.5m
Stock or Unit Option Plan Expense $12k $9k
Unrealized Gain (Loss) on Derivatives $5.9m $12.4m ($5.5m) $16.0m ($8.1m)
Costs associated with loan refinancing or payoff $905k $1.5m $32.0m $0 $0 $337k $0
Distributions from joint ventures $816k $442k $567k $112k $0 $90k $780k $1.3m $0 $11k
share based compensation included in severance expense $0 $0 $304k $1.6m $2.2m
Increase Decrease In Mortgage Notes Accrued Interest Receivable $572k $467k ($517k) ($381k) ($7.6m) $568k ($500k) ($1.2m) ($2.2m) ($796k)
Increase (Decrease) in Accounts Payable and Accrued Liabilities $17.0m ($4.9m) $5.0m $27.5m ($16.1m) ($8.7m) $14.6m $8.5m $11.9m ($5.6m)
Increase (Decrease) in Deferred Revenue $6.1m $8.0m ($2.0m) ($11.2m) $3.2m ($2.8m) $7.5m ($5.1m) $3.9m
Acquisition of rental properties and other assets ($219.2m) ($397.7m) ($187.5m) ($500.6m) ($38.7m) ($56.6m) ($174.5m) ($60.7m) ($45.7m) ($151.7m)
Proceeds from Sale of Real Estate $23.9m $191.6m $22.1m $216.0m $227.7m $96.1m $11.0m $57.2m $74.4m $141.3m
Investment in unconsolidated joint ventures $0 $0 $29.5m $325k $1.7m $13.6m $26.1m $4.9m $1.3m $2.1m
Payments for (Proceeds from) Derivative Instrument, Investing Activities $0 $3.8m ($10.0m) ($10.4m) $0
Investment in mortgage notes receivable ($192.5m) ($133.7m) ($36.1m) ($142.5m) ($8.1m) ($8.7m) ($95.2m) ($110.4m) ($113.9m) ($49.8m)
Proceeds from mortgage note receivable paydown $72.1m $21.8m $335.2m $217.5m $481k $8.2m $1.7m $552k $618k $28.3m
Investment in promissory notes receivable $1.5m $1.9m $7.9m $12.3m $6.1m $4.4m $0 $3.0m $0 $0
Proceeds from promissory note receivable paydown $0 $1.6m $7.5m $3.7m $103k $8.8m $701k $1.4m $1.4m $1.4m
Additions to properties under development ($413.8m) ($384.4m) ($275.0m) ($134.6m) ($40.5m) ($29.3m) ($75.7m) ($91.2m) ($102.3m) ($89.0m)
Deferred financing fees paid ($14.4m) ($14.3m) ($8.6m) ($9.4m) ($6.3m) ($15.2m) ($328k) ($369k) $0 ($12.1m)
Net proceeds from issuance of common shares $142.6m $99.1m $956k $305.6m $972k $460k $758k $615k $816k $949k
Purchase of common shares for treasury ($4.2m) ($6.7m) ($7.2m) ($9.7m) ($7.4m) ($2.8m) ($4.3m) ($3.7m) ($11.4m) ($9.9m)
Real Estate Owned, Transfer to Real Estate Owned $91.5m $41.9m $44.3m $115.7m $136.2m
Loan to Lease Conversion $0 $0 $6.0m $0
Transfer of property under development to rental property $454.9m $408.6m $228.6m $354.6m $20.7m $91.5m $41.9m $1.3m $0 $0
Issuance of nonvested shares and restricted share units at fair value, including nonvested shares issued for payment of bonuses $19.6m $24.1m $18.3m $17.6m $20.1m $21.9m $21.8m $25.3m $21.3m $29.6m
Remeasurement of right-of-use asset from early ground lease termination $0 $0 $7.4m
Remeasurement of lease liability from early ground lease termination $0 $0 $10.9m
Fair Value of Assets Acquired $0 $0 $20.8m
Lease Obligation Incurred $0 $0 $20.8m
Change in Accrued Capital Expenditures $219.2m $333k $33.0m ($35.2m) ($12.4m) $2.9m $896k $6.5m ($824k) ($5.9m)
Beginning Cash Position $289.9m $110.5m $81.0m $35.7m
Cash Flow From Continuing Financing Activities ($269.4m) ($275.7m) ($261.6m) ($236.7m)
Cash Flow From Continuing Investing Activities ($351.6m) ($201.0m) ($176.4m) ($121.7m)
Change In Other Current Assets ($473k) ($2.7m) ($7.9m) ($2.3m)
Change In Other Working Capital ($2.3m) $7.5m ($6.4m) $2.3m
Change In Payables And Accrued Expense $14.6m $8.5m $11.9m ($5.6m)
Change In Receivables $25.5m ($11.3m) ($24.2m) ($15.4m)
Change In Working Capital $37.3m $1.9m ($26.6m) ($21.0m)
Changes In Account Receivables $26.0m ($10.1m) ($22.0m) ($14.6m)
Changes In Cash ($179.3m) ($29.6m) ($44.8m) $62.5m
End Cash Position $110.5m $81.0m $35.7m $98.6m
Financing Cash Flow ($269.4m) ($275.7m) ($261.6m) ($236.7m)
Free Cash Flow $441.7m $447.1m $393.1m $421.0m
Gain Loss On Investment Securities ($651k) $2.2m ($16.1m) ($39.5m)
Investing Cash Flow ($351.6m) ($201.0m) ($176.4m) ($121.7m)
Issuance Of Capital Stock $865k $615k $816k $949k
Net Business Purchase And Sale ($26.1m) ($4.9m) ($1.3m) ($2.1m)
Net Preferred Stock Issuance $0 $107k $0 $0
Operating Gains Losses $1.0m $9.0m ($7.3m) ($35.7m)
Other Non Cash Items $7.8m $8.6m $9.2m $8.8m
Preferred Stock Issuance $0 $107k $0 $0
Proceeds From Stock Option Exercised ($11k) $0 $0 ($1k)
Provisionand Write Offof Assets $10.8m $878k $12.2m $8.5m
Purchase Of Business ($26.1m) ($4.9m) ($1.3m) ($2.1m)
Repurchase Of Capital Stock ($4.3m) ($3.7m) ($11.4m) ($9.9m)
Stock Based Compensation $16.7m $17.8m $15.7m $17.5m
Derivative, Gain (Loss) on Derivative, Net ($3.6m) $12.8m ($3.9m) $17.7m ($7.4m)
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 $0 $37.2m $0 $0
Net Cash Provided by (Used in) Operating Activities $306.2m $391.1m $484.3m $439.5m $65.3m $306.9m $441.7m $447.1m $393.1m $421.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $269.4m $263.9m
Net Investment Properties Purchase And Sale ($239.3m) ($94.7m) ($73.5m) ($99.5m)
Net Investment Purchase And Sale ($3.8m) $10.0m $10.4m $0
Purchase Of Investment $0 ($3.8m)
Purchase Of Investment Properties ($250.2m) ($151.9m) ($148.0m) ($240.8m)
Sale Of Investment $10.0m $10.4m $0
Sale Of Investment Properties $11.0m $57.2m $74.4m $141.3m
Net Other Investing Changes ($89.1m) ($111.5m) ($111.9m) ($20.1m)
Net Cash Provided by (Used in) Investing Activities, Total ($662.1m) ($702.2m) ($96.8m) $96.5m $134.0m $1.9m ($351.6m) ($201.0m) ($176.4m) ($121.7m)
Net Cash Provided by (Used in) Investing Activities ($662.1m) ($702.2m) ($96.8m) $96.5m $134.0m $1.9m ($351.6m) ($201.0m) ($176.4m) ($121.7m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $1.4b $1.4b $908.0m $962.0m $750.0m $400.0m $0 $0 $244.0m $1.1b
Issuance Of Debt $0 $0 $244.0m $1.1b
Long Term Debt Issuance $0 $0 $244.0m $1.1b
Net Issuance Payments Of Debt $0 $0 $38.4m $75.0m
Net Long Term Debt Issuance $0 $0 $38.4m $75.0m
Repayments of Long-term Debt $865.3m $823.3m $949.7m $866.7m $160.0m $1.3b $0 $0 $205.6m $997.0m
Principal payments on long-term debt ($865.3m) ($823.3m) ($949.7m) ($866.7m) ($160.0m) ($1.3b) $0 $0 ($205.6m) ($997.0m)
Long Term Debt Payments $0 $0 ($205.6m) ($997.0m)
Repayment Of Debt $0 $0 ($205.6m) ($997.0m)
Proceeds from Issuance of Common Stock $142.6m $99.1m $956k $305.6m $972k $460k $758k $615k $816k $949k
Common Stock Issuance $758k $615k $816k $949k
Net Common Stock Issuance ($3.5m) ($3.1m) ($10.6m) ($8.9m)
Payments for Repurchase of Common Stock $4.2m $6.7m $7.2m $9.7m $7.4m $2.8m $4.3m $3.7m $11.4m $9.9m
Common Stock Payments ($4.3m) ($3.7m) ($11.4m) ($9.9m)
Dividends paid $266 $312 $342 $367 $172 $118 $266 $272 $280 $291
Dividends Payable, Current $29.4m $36k $18.9m $21.4m $25.3m $25.8m $22.5m
Dividends Payable $26
Dividends paid to shareholders ($266) ($312) ($342) ($367) ($172) ($118) ($266) ($272) ($280) ($291)
Cash Dividends Paid ($265.7m) ($272.2m) ($279.9m) ($290.7m)
Dividend Received CFO $780k $1.3m $0 $11k
Dividends Received CFI $0 $6.7m $0 $0
Proceeds from (Payments for) Other Financing Activities ($482k) ($7k) ($28.6m) ($36.9m) ($1.6m) ($22.9m) $0 $0 ($9.5m) $0
Proceeds from (Payment for) Other Financing Activity ($482k) ($7k) ($28.6m) ($36.9m) ($1.6m) ($22.9m) $0 $0 ($9.5m) $0
Net Other Financing Charges ($328k) ($369k) ($9.5m) ($12.1m)
Net Cash Provided by (Used in) Financing Activities, Total $371.1m $333.5m ($427.6m) ($23.2m) $297.2m ($1.0b) ($269.4m) ($275.7m) ($261.6m) ($236.7m)
Net Cash Provided by (Used in) Financing Activities $371.1m $333.5m ($427.6m) ($23.2m) $297.2m ($1.0b) ($269.4m) ($275.7m) ($261.6m) ($236.7m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $119k ($448k) $403k
Effect of Exchange Rate on Cash, Cash Equivalent, Restricted Cash, and Restricted Cash Equivalent, Continuing Operation ($218k) ($129k) $119k ($448k) $403k
Effect Of Exchange Rate Changes ($129k) $119k ($448k) $403k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $14.2m $29.9m ($40.5m) $512.9m $496.6m ($738.1m) ($179.4m) ($29.5m) ($45.3m) $62.9m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $29.1m $59.0m $18.5m $531.4m $1.0b $289.9m $110.5m $81.0m $35.7m $98.6m
Restricted Cash and Cash Equivalent $9.7m $17.1m $12.6m $2.7m $2.4m $1.1m $2.6m $2.9m $13.6m $8.1m
Cash and cash equivalents at beginning of the year $19.3m $41.9m $5.9m $528.8m $1.0b $288.8m $107.9m $78.1m $22.1m $90.6m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported ($179.4m) ($29.5m) ($45.3m) $62.9m
Interest Paid, Excluding Capitalized Interest, Operating Activities $96.4m $136.3m $145.6m $143.5m $152.4m $150.0m $125.8m $125.7m $129.5m $130.9m
Income Taxes Paid, Net $1.7m $1.5m $1.4m $1.8m $1.5m $1.5m $1.3m $1.5m $2.6m $2.9m

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.