NATIONAL HEALTH INVESTORS 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 (Loss) Attributable to Parent $151.5m $159.4m $154.3m $160.5m $185.1m $111.8m $66.4m $135.7m $138.0m $142.2m
Net Income (Loss) Available to Common Stockholders, Basic $152.7m $159.4m $154.3m $160.4m $185.3m $112.0m $65.5m $135.6m $137.9m $142.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $152.7m $159.4m $154.3m $160.4m $185.3m $112.0m $65.5m $134.4m $136.6m $140.8m
Net Income (Loss) Attributable to Noncontrolling Interest $1.2m $0 $0 ($7k) $185k $163k ($902k) ($1.3m) ($1.3m) ($1.4m)
Depreciation and amortization $59.6m $67.2m $71.3m $76.8m $83.2m $80.8m $70.9m $70.0m $71.4m $80.9m
Amortization of Debt Issuance Costs $3.6m $5.8m $4.4m $5.1m $5.4m $4.4m $4.3m $4.7m $6.6m $3.4m
Amortization of Deferred Charges $669k $1.0m $608k $440k $806k $741k
Depreciation $59.6m $67.2m $71.3m $76.8m $83.2m $80.8m $70.9m $70.0m $71.4m $80.9m
Deferred Income Tax Expense (Benefit) $707k
Payment, Tax Withholding, Share-based Payment Arrangement $1.1m $571k $1.8m $1.6m $2.7m $0 $288k $0 $5.8m $456k
Share-based Payment Arrangement, Expense $1.7m $2.6m $2.5m $3.6m $3.1m $8.4m $8.6m $4.6m $4.2m $5.6m
Income (Loss) from Equity Method Investments ($1.2m) $0 $0 ($3.1m) ($1.5m) $569k $555k $402k $3.7m
Gain (Loss) on Extinguishment of Debt ($2.2m) ($738k) ($823k) ($3.9m) ($1.9m) ($151k) ($73k) $0 $0
Financing Receivable Excluding Accrued Interest Credit Loss Expense Reversal $138k $4.8m $3.5m
Income Tax Expense (Benefit) $854k $124k $138k
Additional Financial Items
Gain (Loss) on Sale of Derivatives $6.3m $0
Gain (Loss) on Sale of Properties $4.6m $50k $0 $0
Gain (Loss) on Termination of Lease ($710k) $20k $0 $0
General and Administrative Expense $9.8m $12.2m $12.5m $13.4m $13.3m $18.4m $22.8m $19.3m $20.7m $26.9m
Operating Expenses $129.7m $127.2m $139.5m $156.8m $161.8m $216.1m $241.9m $200.9m $211.9m $239.0m
Proceeds from Stock Options Exercised $1k $0 $0
Financing Receivable, Credit Loss, Expense (Reversal) $593k $193k $10.6m
Gain (Loss) on Sales of Loans, Net $1.7m
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($3.9m) ($2.6m) ($164k) $791k ($6.3m)
Net Cash Provided by (Used in) Operating Activities $177.2m $197.3m $207.9m $241.0m $232.1m $210.9m $185.3m $184.4m $207.8m $236.6m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $394.7m $175.8m $147.6m $237.2m $116.7m $50.3m $11.0m $49.6m $157.9m $294.0m
Gain (Loss) on Sale of Investments ($6.3m)
Gains (Losses) on Sales of Investment Real Estate $4.6m $50k $0 $0 $21.3m $32.5m $28.3m $14.7m $6.7m $456k
Net Cash Provided by (Used in) Investing Activities ($329.8m) ($163.8m) ($250.3m) ($342.5m) ($89.7m) $185.3m $197.9m ($11.6m) ($192.3m) ($269.1m)
Cash flows from financing activities:
Repayments of Long-term Debt $767k $250.8m $1.1m $1.2m $43.7m $293.3m $135.4m $415.4m $75.4m $200.8m
Proceeds from Issuance of Common Stock $104.2m $122.2m $81.8m $95.8m $34.6m $47.9m $0 $0 $142.4m $181.5m
Payments for Repurchase of Common Stock $152.0m $0 $0
Proceeds from Noncontrolling Interests $643k $13k $0 $11.7m $3.0m $1.2m $1.7m
Dividends paid $138.3m $153.0m $165.4m $179.7m $194.6m $182.9m $161.8m $156.2m $156.5m $169.7m
Dividends Payable $35.9m $39.5m $42.7m $46.8m $49.8m $41.3m $39.0m $39.1m $41.1m $44.4m
Net Cash Provided by (Used in) Financing Activities $144.2m ($35.1m) $44.3m $107.3m ($111.8m) ($403.0m) ($401.3m) ($169.7m) ($13.6m) $25.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $30.7m ($6.9m) ($18.0m) $3.1m $1.9m ($6.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $9.9m $15.7m $46.3m $39.5m $21.5m $24.6m $26.5m $19.6m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $39.5m $43.2m $45.9m $54.0m $43.4m $43.7m $42.7m $51.9m $55.4m $51.5m