← Phillips Edison & Company, 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 | — | — | — | — | — | — | $54.5m | $63.8m | $69.7m | $123.0m | |
| Net Income (Loss) Attributable to Parent | $8.9m | ($38.4m) | $39.1m | ($63.5m) | $4.8m | $15.1m | $48.3m | $56.8m | $62.7m | $111.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $9.0m | ($41.7m) | $47.0m | ($72.8m) | $5.5m | $17.2m | $54.5m | $63.8m | $69.7m | $123.0m | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $111k | ($3.3m) | $7.8m | ($9.3m) | $690k | $2.1m | $6.2m | $6.9m | $7.0m | $11.7m | |
| Depreciation, Depletion and Amortization | $103.3m | $126.0m | $177.5m | $231.0m | $5.9m | $3.9m | $3.7m | $2.2m | $1.8m | $1.5m | |
| Amortization of Debt Issuance Costs | $4.9m | $5.2m | $4.7m | $5.1m | $5.0m | $4.4m | $3.4m | $4.2m | $4.5m | $4.9m | |
| Amortization of Intangible Assets | $34.0m | $31.9m | — | — | — | — | — | — | — | — | |
| Other Depreciation and Amortization | $103.3m | $2.9m | $13.8m | $5.8m | $5.9m | $3.9m | $3.7m | $2.2m | $1.8m | $1.5m | |
| Amortization Cash Flow | — | — | — | — | — | — | ($4.3m) | ($5.2m) | ($6.6m) | ($8.6m) | |
| Amortization Of Intangibles | — | — | — | — | — | — | ($4.3m) | ($5.2m) | ($6.6m) | ($8.6m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $231.9m | $231.3m | $246.4m | $257.7m | |
| Share-based Payment Arrangement, Noncash Expense | $24k | — | $5.1m | $7.7m | $5.9m | $16.4m | $15.4m | $6.9m | $9.7m | $11.7m | |
| Goodwill, Impairment Loss | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | $3.4m | $10.4m | $10.1m | $6.3m | $16.8m | $14.9m | $9.4m | $10.3m | $11.2m | |
| Asset Impairment Charge | — | — | — | — | — | — | $322k | $3.0m | $0 | $0 | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | — | $100k | ($200k) | $100k | |
| Gain (Loss) on Extinguishment of Debt | — | ($572k) | ($93k) | ($2.2m) | ($4k) | ($2.0m) | $95k | ($368k) | ($1.3m) | ($90k) | |
| Gain (Loss) on Disposition of Other Assets | ($317k) | $237k | — | — | — | — | — | — | — | — | |
| Gain (Loss) on Disposition of Property Plant Equipment | $4.4m | $2.5m | $109.3m | $28.2m | $6.5m | ($30.4m) | ($7.5m) | ($1.1m) | $30k | ($38.8m) | |
| Income Tax Expense (Benefit) | — | — | — | — | — | — | — | — | ($1.8m) | $1.3m | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $97.0m | — | |
| Operating Lease, Lease Income | — | — | — | $522.3m | $485.5m | $519.5m | $560.5m | $597.5m | $647.6m | $709.2m | |
| Other Nonoperating Income (Expense) | — | — | ($1.7m) | ($676k) | $9.2m | ($34.4m) | ($12.2m) | ($7.3m) | ($5.7m) | ($4.3m) | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $1.3m | $271k | $348k | $772k | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $9.9m | $8.0m | $7.3m | ($5.2m) | $6.9m | — | — | — | — | — | |
| Gain (Loss) on Sale of Properties | $4.7m | $1.8m | $16.8m | $30.0m | $10.1m | $30.4m | $7.5m | $1.1m | ($30k) | $38.8m | |
| General and Administrative Expense | $31.8m | $36.3m | $50.4m | $48.5m | $41.4m | $48.8m | $45.2m | $44.4m | $45.6m | $51.6m | |
| Goodwill | — | $29.1m | $29.1m | $29.1m | $29.1m | $29.1m | $29.1m | $29.1m | $29.1m | $29.1m | |
| Insurance Services Revenue | — | — | — | $2.0m | $2.4m | — | — | — | — | — | |
| Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims | — | — | $1.1m | $3.0m | $4.2m | $3.4m | $2.9m | $3.2m | $4.3m | $3.8m | |
| Operating Costs and Expenses | — | — | — | — | $87.5m | $92.9m | $95.4m | $102.3m | $112.6m | $123.6m | |
| Operating Expenses | $222.2m | $294.3m | $415.0m | $533.9m | $423.0m | $435.3m | $445.0m | $455.9m | $488.9m | $527.7m | |
| Real Estate Tax Expense | $36.6m | $43.5m | $55.3m | $70.2m | $67.0m | $65.4m | $67.9m | $72.8m | $77.7m | $86.1m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | $32.9m | $11.7m | $9.8m | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $115.5m | $17.3m | $8.9m | $8.6m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($57.8m) | $53.9m | $58.0m | $78.8m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($331.2m) | ($353.4m) | ($392.9m) | ($392.3m) | |
| Change In Account Payable | — | — | — | — | — | — | $10.0m | $2.1m | $26.4m | $14.8m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($10.1m) | ($11.5m) | ($16.6m) | ($17.5m) | |
| Change In Payable | — | — | — | — | — | — | $10.0m | $2.1m | $26.4m | $14.8m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $10.0m | $2.1m | $26.4m | $14.8m | |
| Change In Working Capital | — | — | — | — | — | — | ($192k) | ($9.4m) | $9.7m | ($2.7m) | |
| Changes In Cash | — | — | — | — | — | — | ($98.2m) | ($8.5m) | ($229k) | $34.7m | |
| End Cash Position | — | — | — | — | — | — | $17.3m | $8.9m | $8.6m | $43.3m | |
| Financing Cash Flow | — | — | — | — | — | — | ($57.8m) | $53.9m | $58.0m | $78.8m | |
| Free Cash Flow | — | — | — | — | — | — | $186.4m | $195.7m | $239.6m | $212.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($7.5m) | ($1.1m) | $30k | ($38.8m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | $2.7m | $1.3m | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($331.2m) | ($353.4m) | ($392.9m) | ($392.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $90.1m | $149.1m | $74.5m | $0 | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $4.2m | $2.0m | ($6.6m) | ($11.8m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($6.4m) | ($471k) | $1.7m | ($37.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($4.7m) | ($4.0m) | ($2.5m) | ($3.6m) | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($8.4m) | ($13.7m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($77.8m) | $0 | $0 | — | — | |
| Sale Of Business | — | — | — | — | — | — | $4.2m | $2.0m | $1.8m | $1.9m | |
| Stock Based Compensation | — | — | — | — | — | — | $15.4m | $6.9m | $9.7m | $11.7m | |
| Net Cash Provided by (Used in) Operating Activities | $103.1m | $108.9m | $153.3m | $226.9m | $210.6m | $262.9m | $290.9m | $291.0m | $334.7m | $348.1m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($104.5m) | ($95.3m) | ($95.1m) | ($136.1m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($104.5m) | ($95.3m) | ($95.1m) | ($136.1m) | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | $456.7m | $0 | $0 | — | — | — | — | — | — | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($230.0m) | ($263.1m) | ($296.3m) | ($238.6m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($3.0m) | $400k | $1.8m | ($8.2m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($3.0m) | $0 | ($4.1m) | ($8.3m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($282.0m) | ($270.3m) | ($296.3m) | ($360.2m) | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | $109.3m | $28.2m | $6.5m | $34.3m | $7.5m | $1.1m | ($30k) | $38.8m | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $400k | $5.8m | $133k | |
| Sale Of Investment Properties | — | — | — | — | — | $206.4m | $52.0m | $7.2m | — | $121.7m | |
| Payments for (Proceeds from) Other Investing Activities | — | — | ($200k) | — | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $2.1m | $2.6m | $3.2m | $2.4m | |
| Net Cash Provided by (Used in) Investing Activities | ($226.2m) | ($620.7m) | ($258.9m) | $64.2m | ($44.1m) | ($180.5m) | ($331.2m) | ($353.4m) | ($392.9m) | ($392.3m) | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | — | — | — | — | $0 | $822.0m | $0 | $58.0m | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $376.0m | $561.0m | $1.2b | $1.1b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $376.0m | $561.0m | $1.2b | $1.1b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($2.9m) | $58.5m | $133.6m | $252.7m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($2.9m) | $58.5m | $133.6m | $252.7m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $79.0m | — | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $9.0m | $376.0m | — | — | — | |
| Repayments of Long-term Debt | $110.9m | $83.4m | $301.7m | $275.7m | $64.8m | $1.2b | $81.9m | $101.5m | $408.5m | $145.6m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($378.9m) | ($502.5m) | ($1.0b) | ($840.6m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($378.9m) | ($502.5m) | ($1.0b) | ($840.6m) | |
| Short Term Debt Payments | — | — | — | — | — | ($9.0m) | ($297.0m) | — | — | — | |
| Proceeds from Issuance of Common Stock | $0 | — | — | $0 | $0 | $547.4m | $90.1m | $149.1m | $74.5m | $0 | |
| Common Stock Issuance | — | — | — | — | — | — | $90.1m | $149.1m | $74.5m | $0 | |
| Net Common Stock Issuance | — | — | — | — | — | — | $90.1m | $149.1m | $74.5m | $0 | |
| Payments for Repurchase of Common Stock | $20.3m | $46.5m | $53.2m | $34.7m | $5.3m | $77.8m | $0 | $0 | — | — | |
| Payments of Ordinary Dividends, Common Stock | $64.3m | $74.2m | $80.7m | $123.1m | $49.3m | $106.7m | $127.1m | $135.7m | $134.0m | $157.3m | |
| Common Stock Payments | — | — | — | — | — | ($77.8m) | $0 | $0 | — | — | |
| Payments of Dividends | — | $38.7m | — | — | — | — | — | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($127.1m) | ($135.7m) | ($134.0m) | ($157.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($127.1m) | ($135.7m) | ($134.0m) | ($157.3m) | |
| Proceeds from (Payments for) Other Financing Activities | — | — | — | — | ($644k) | ($29k) | $0 | $0 | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($17.9m) | ($17.9m) | ($16.1m) | ($16.6m) | |
| Net Cash Provided by (Used in) Financing Activities | $90.7m | $509.4m | $162.4m | ($280.3m) | ($129.7m) | ($98.8m) | ($57.8m) | $53.9m | $58.0m | $78.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $2.4m | — | $56.9m | $10.8m | $36.8m | ($16.4m) | ($98.2m) | ($8.5m) | ($229k) | $34.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $2.4m | ($22.5m) | $84.3m | $95.1m | $131.9m | $115.5m | $17.3m | $8.9m | $8.6m | $43.3m | |
| Restricted Cash and Investments, Current | — | — | — | $38.1m | — | — | — | — | — | — | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($98.2m) | ($8.5m) | ($229k) | $34.7m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $29.7m | $39.5m | $67.6m | $89.4m | $78.5m | $68.1m | $65.1m | $76.5m | $75.0m | $97.7m | |
| Income Taxes Paid, Net | — | — | ($146k) | $589k | $947k | $559k | $194k | $689k | $922k | $1.6m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.