← INNOVATIVE INDUSTRIAL PROPERTIES INC
| 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 | — | — | — | — | — | — | $154.4m | $165.6m | $161.7m | $118.2m | |
| Net Income (Loss) Attributable to Parent | — | ($72k) | $7.0m | $23.5m | $65.7m | $114.0m | $154.4m | $165.6m | $161.7m | $118.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | — | ($395k) | $5.6m | $22.1m | $64.4m | $112.6m | $153.0m | $164.2m | $159.9m | $114.4m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | — | — | — | $114.0m | $154.4m | $165.6m | $161.7m | $118.2m | |
| Depreciation, Depletion and Amortization | $27k | $915k | $2.6m | $8.6m | $28.0m | $41.8m | $61.3m | $67.2m | $70.8m | $74.1m | |
| Amortization of Debt Issuance Costs | — | $0 | $0 | $780k | $2.0m | $2.9m | $1.3m | $1.4m | $1.7m | $2.0m | |
| Depreciation | $27k | $915k | $2.6m | $8.6m | $28.0m | $41.7m | $60.5m | $66.3m | $69.9m | $73.0m | |
| Amortization of Debt Issuance Costs and Discounts | — | $0 | $0 | $1.7m | $2.0m | $2.9m | $1.3m | $1.4m | $1.7m | $2.0m | |
| Amortization of Intangible Assets | — | — | — | — | — | $33k | — | — | — | — | |
| Amortization Of Securities | — | — | — | — | — | — | ($2.2m) | ($3.2m) | ($506k) | $0 | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $61.3m | $67.2m | $70.8m | $74.1m | |
| Share-based Payment Arrangement, Noncash Expense | — | $1.7m | $1.5m | $2.5m | $3.3m | $8.6m | $17.5m | $19.6m | $17.3m | $10.1m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $298k | $390k | $939k | $2.2m | $3.4m | $2.4m | $568k | $750k | $864k | |
| Asset Impairment Charge | — | — | — | — | — | — | — | $0 | $0 | $3.5m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $17.7m | $20.2m | |
| Operating Lease, Expense | — | — | — | $87k | — | — | — | — | $500k | $500k | |
| Operating Lease, Lease Income | — | — | — | — | $116.9m | $204.6m | $274.4m | $307.3m | $306.9m | $265.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | — | — | $173k | $619k | $428k | $3.7m | $3.5m | ($352k) | ($126k) | $1.3m | |
| Payments of Financing Costs | — | — | — | — | — | $6.9m | — | $561k | $567k | $0 | |
| General and Administrative Expense | — | $5.5m | $6.4m | $9.8m | $14.2m | $23.0m | $38.5m | $42.8m | $37.4m | $33.7m | |
| Induced Conversion of Convertible Debt Expense | — | — | — | — | — | $3.7m | $125k | — | — | — | |
| Investment Income, Interest | — | $151k | — | — | — | — | — | — | $11.0m | — | |
| Operating Expenses | — | $6.6m | $9.4m | $19.7m | $47.2m | $69.2m | $110.3m | $134.9m | $136.7m | $141.5m | |
| Beginning Cash Position | — | — | — | — | — | — | $86.4m | $88.6m | $141.7m | $146.2m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $164.2m | ($195.6m) | ($197.9m) | ($122.5m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($396.2m) | ($6.8m) | ($56.0m) | ($174.3m) | |
| Change In Account Payable | — | — | — | — | — | — | $2.7m | $3.9m | $6.0m | ($854k) | |
| Change In Other Current Assets | — | — | — | — | — | — | ($3.5m) | $352k | $126k | ($1.3m) | |
| Change In Other Working Capital | — | — | — | — | — | — | $5.9m | $642k | ($2.2m) | ($6.9m) | |
| Change In Payable | — | — | — | — | — | — | $2.7m | $3.9m | $6.0m | ($854k) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $2.7m | $3.9m | $6.0m | ($854k) | |
| Change In Working Capital | — | — | — | — | — | — | $5.1m | $4.9m | $3.9m | ($9.0m) | |
| Changes In Cash | — | — | — | — | — | — | $2.2m | $53.1m | $4.5m | ($98.6m) | |
| End Cash Position | — | — | — | — | — | — | $88.6m | $141.7m | $146.2m | $47.6m | |
| Financing Cash Flow | — | — | — | — | — | — | $164.2m | ($195.6m) | ($197.9m) | ($122.5m) | |
| Free Cash Flow | — | — | — | — | — | — | $234.1m | $255.5m | $258.4m | $198.2m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($3.6m) | — | $3.4m | $326k | |
| Investing Cash Flow | — | — | — | — | — | — | ($396.2m) | ($6.8m) | ($56.0m) | ($174.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $352.0m | $9.6m | $21.4m | $24.1m | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $125k | ($22k) | $0 | $0 | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | $9.6m | $24.1m | |
| Operating Gains Losses | — | — | — | — | — | — | ($3.5m) | ($22k) | $3.4m | $326k | |
| Other Non Cash Items | — | — | — | — | — | — | $1.5m | $1.5m | $1.8m | $898k | |
| Preferred Stock Issuance | — | — | — | — | — | — | $0 | $0 | $9.6m | $24.1m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | — | $0 | $0 | ($20.1m) | |
| Stock Based Compensation | — | — | — | — | — | — | $17.5m | $19.6m | $17.3m | $10.1m | |
| Net Cash Provided by (Used in) Operating Activities | $1.7m | $5.0m | $15.7m | $44.9m | $110.8m | $188.7m | $234.1m | $255.5m | $258.4m | $198.2m | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | — | $3.0m | — | — | — | — | — | — | — | — | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($500.5m) | ($185.0m) | ($72.7m) | ($29.1m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $126.2m | $182.2m | $17.5m | ($145.3m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($388.8m) | ($111.9m) | ($45.1m) | ($155.5m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($524.0m) | ($185.0m) | ($81.8m) | ($31.3m) | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $3.6m | $0 | ($3.4m) | ($326k) | |
| Sale Of Investment | — | — | — | — | — | — | $515.0m | $294.1m | $62.6m | $10.3m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $23.5m | $0 | $9.1m | $2.2m | |
| Net Other Investing Changes | — | — | — | — | — | ($16.7m) | ($21.9m) | ($4.0m) | ($800k) | — | |
| Net Cash Provided by (Used in) Investing Activities | ($30.0m) | ($38.6m) | ($199.3m) | ($340.6m) | ($1.0b) | ($384.1m) | ($396.2m) | ($6.8m) | ($56.0m) | ($174.3m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $0 | $155.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $0 | $155.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $0 | $0 | ($4.4m) | $93.8m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | ($4.4m) | $93.8m | |
| Repayments of Long-term Debt | — | — | — | — | — | — | — | — | — | $8.7m | |
| Long Term Debt Payments | — | — | — | — | — | — | $0 | $0 | ($4.4m) | ($61.2m) | |
| Repayment Of Debt | — | — | — | — | — | — | $0 | $0 | ($4.4m) | ($61.2m) | |
| Proceeds from Issuance of Common Stock | $61.3m | $276k | $193.2m | $286.3m | $1.0b | — | $352.0m | $9.6m | $11.8m | $0 | |
| Common Stock Issuance | — | — | — | — | — | — | $352.0m | $9.6m | $11.8m | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | $352.0m | $9.6m | $11.8m | ($20.1m) | |
| Payments for Repurchase of Common Stock | $1k | $0 | — | — | — | — | — | $0 | $0 | $20.1m | |
| Payments of Ordinary Dividends, Common Stock | — | $1.1m | $6.6m | $22.6m | $75.5m | $131.0m | $183.9m | $202.7m | $212.0m | $216.3m | |
| Common Stock Payments | — | — | — | — | — | — | — | $0 | $0 | ($20.1m) | |
| Dividends Payable | — | $1.2m | $3.8m | $13.0m | $30.1m | $38.8m | $50.8m | $51.8m | $54.8m | $54.9m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($185.3m) | ($204.1m) | ($213.5m) | ($219.5m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($183.9m) | ($202.7m) | ($212.0m) | ($216.3m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($1.4m) | ($1.4m) | ($1.6m) | ($3.2m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($2.4m) | ($1.1m) | ($1.3m) | ($864k) | |
| Net Cash Provided by (Used in) Financing Activities | $61.3m | $12.4m | $184.9m | $400.0m | $925.0m | $155.8m | $164.2m | ($195.6m) | ($197.9m) | ($122.5m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $21.2m | ($1.3m) | ($104.3m) | $8.7m | ($39.6m) | $2.2m | $53.1m | $4.5m | ($98.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $21.2m | ($1.3m) | $117.3m | $126.0m | $86.4m | $88.6m | $141.7m | $146.2m | $47.6m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $2.2m | $53.1m | $4.5m | ($98.6m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $0 | $0 | $3.1m | $5.4m | $14.4m | $17.2m | $16.1m | $16.1m | $17.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.