← WELLTOWER 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 | — | — | — | — | — | — | $160.6m | $358.1m | $972.9m | $961.8m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $1.0b | $463.6m | $758.2m | $1.2b | $978.8m | $336.1m | $141.2m | $340.1m | $951.7m | $936.8m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $1.1b | $540.6m | $829.8m | $1.3b | $1.0b | $374.5m | $160.6m | $358.1m | $972.9m | $961.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $718.0m | $196.4m | $829.8m | $1.3b | $1.0b | $374.5m | $160.6m | $358.1m | $972.9m | $961.8m | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $4.3m | $17.8m | $24.8m | $98.0m | $60.0m | $38.3m | $19.4m | $18.0m | $21.2m | $25.0m | |
| Depreciation, Depletion and Amortization | $901.2m | $921.7m | $950.5m | $1.0b | $1.0b | $1.0b | $1.3b | $1.4b | $1.6b | $2.1b | |
| Amortization | $8.8m | $16.5m | $17.0m | — | $13.2m | $19.1m | $28.2m | $42.6m | $47.8m | $56.4m | |
| Other Depreciation and Amortization | $901.2m | $921.7m | $950.5m | $16.8m | $1.0b | $1.0b | $1.3b | $1.4b | $1.6b | $2.1b | |
| Amortization Cash Flow | — | — | — | — | — | — | $26.5m | $42.1m | $47.5m | $53.7m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $26.5m | $42.1m | $47.5m | $53.7m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $1.3b | $1.4b | $1.7b | $2.1b | |
| Deferred Income Tax Expense (Benefit) | ($34.1m) | $12.5m | ($7.2m) | ($9.6m) | ($1.4m) | ($1.5m) | ($11.0m) | ($2.5m) | ($6.5m) | ($49.6m) | |
| Share-based Payment Arrangement, Noncash Expense | $28.9m | $19.1m | $27.6m | $25.0m | $28.3m | $17.8m | $26.1m | $37.2m | $75.8m | $1.6b | |
| Share-based Payment Arrangement, Expense | $28.9m | $19.1m | $27.6m | $25.0m | $28.3m | $17.8m | $26.1m | $37.2m | $75.8m | $1.6b | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | $35.3m | $0 | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $17.5m | $36.1m | $92.8m | $121.3m | |
| Income (Loss) from Equity Method Investments | ($10.4m) | ($83.1m) | ($641k) | $42.4m | ($8.1m) | ($22.9m) | ($21.3m) | ($53.4m) | ($496k) | ($14.3m) | |
| Gain (Loss) on Extinguishment of Debt | ($17.2m) | ($37.2m) | ($16.1m) | ($84.2m) | ($47.0m) | ($49.9m) | ($680k) | ($7k) | ($2.1m) | ($9.2m) | |
| Gain (Loss) on Disposition of Assets | $364.0m | $344.2m | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | ($19.1m) | $20.1m | $8.7m | $3.0m | $10.0m | $8.7m | $7.2m | $6.4m | $2.7m | ($7.1m) | |
| Operating Lease, Lease Income | — | — | — | $1.6b | $1.4b | $1.4b | $1.5b | $1.6b | $1.6b | $2.0b | |
| Other Nonoperating Income (Expense) | — | — | — | — | ($70.3m) | ($41.7m) | ($101.7m) | ($108.3m) | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $21.3m | $53.4m | $496k | $14.3m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $18.0m | ($23.5m) | ($5.8m) | $63.4m | $54.6m | $122.1m | $191.4m | ($3.4m) | $68.6m | $196.9m | |
| Payments of Financing Costs | $22.2m | $54.3m | $29.7m | $84.1m | $39.1m | $73.7m | $5.1m | $7.2m | $23.4m | $694k | |
| Gain (Loss) on Sale of Financing Receivable | — | — | — | — | $62.8m | $0 | $0 | — | — | — | |
| Gain (Loss) on Sale of Properties | $364.0m | $344.2m | $415.6m | $748.0m | $1.1b | $235.4m | $16.0m | $67.9m | — | — | |
| Gain (Loss) on Termination of Lease | — | — | — | — | — | — | $58.6m | — | — | — | |
| Goodwill | $68.3m | $68.3m | $68.3m | $68.3m | $68.3m | $68.3m | $68.3m | $68.3m | $149.2m | $346.3m | |
| Operating Costs and Expenses | — | — | — | — | $78.8m | — | — | — | — | — | |
| Operating Expenses | $3.6b | $4.0b | $4.3b | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $6.7m | $12.9m | $2.4m | $551k | $12k | $19k | $163k | $277k | $1.3m | $2.7m | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $94.4m | $7.3m | $10.3m | $9.8m | $10.1m | ($9.4m) | |
| Real Estate Tax Expense | — | — | — | — | — | — | — | — | $310.6m | $344.8m | |
| Stock or Unit Option Plan Expense | $266k | $10k | — | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $346.8m | $722.3m | $2.1b | $3.7b | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $2.8b | $5.4b | $4.9b | $9.0b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.7b) | ($5.7b) | ($5.5b) | ($10.5b) | |
| Change In Accrued Expense | — | — | — | — | — | — | $50.9m | ($79.8m) | $26.5m | ($83.9m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $50.9m | ($79.8m) | $26.5m | ($83.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($191.4m) | $3.4m | ($68.6m) | ($196.9m) | |
| Change In Working Capital | — | — | — | — | — | — | ($140.6m) | ($76.4m) | ($42.0m) | ($280.8m) | |
| Changes In Cash | — | — | — | — | — | — | $386.2m | $1.3b | $1.6b | $1.4b | |
| End Cash Position | — | — | — | — | — | — | $722.3m | $2.1b | $3.7b | $5.2b | |
| Financing Cash Flow | — | — | — | — | — | — | $2.8b | $5.4b | $4.9b | $9.0b | |
| Free Cash Flow | — | — | — | — | — | — | $1.3b | $1.6b | $2.2b | $2.8b | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($7.7m) | ($70.0m) | ($539.1m) | ($1.4b) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | ($65.5m) | $0 | $0 | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.7b) | ($5.7b) | ($5.5b) | ($10.5b) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $3.7b | $6.0b | $7.4b | $8.9b | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($2.8b) | ($3.9b) | ($3.8b) | ($14.4b) | |
| Operating Gains Losses | — | — | — | — | — | — | $14.3m | ($82.1m) | ($536.4m) | ($1.4b) | |
| Other Non Cash Items | — | — | — | — | — | — | ($108.9m) | ($135.8m) | ($15.9m) | ($225.3m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $10.3m | $9.8m | $10.1m | ($9.4m) | |
| Purchase Of Business | — | — | — | — | — | — | ($2.8b) | ($3.9b) | ($3.8b) | ($14.4b) | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $26.1m | $37.2m | $75.8m | $1.6b | |
| Derivative, Gain (Loss) on Derivative, Net | $2.4m | ($2.3m) | $4.0m | $4.4m | ($11.0m) | $7.3m | ($8.3m) | $2.1m | $27.9m | ($22.4m) | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $1.6b | $1.4b | $1.6b | $1.5b | $1.4b | $1.3b | $1.3b | $1.6b | $2.3b | $2.9b | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($30.5m) | ($50.7m) | ($58.1m) | ($33.8m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($30.5m) | ($50.7m) | ($58.1m) | ($33.8m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($908.3m) | ($1.4b) | ($1.3b) | $4.2b | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($34.7m) | ($68.6m) | ($40.9m) | ($76.6m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($98.5m) | ($100.1m) | ($61.0m) | ($76.6m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($1.1b) | ($1.5b) | ($1.7b) | ($1.5b) | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | $415.6m | $748.0m | $1.1b | $235.4m | $16.0m | $67.9m | — | — | |
| Sale Of Investment | — | — | — | — | — | $7.5m | $63.7m | $31.5m | $20.1m | — | |
| Sale Of Investment Properties | — | — | — | — | — | — | $199.5m | $96.7m | $336.5m | $5.7b | |
| Payments for (Proceeds from) Other Investing Activities | — | — | — | $8.3m | ($7.7m) | $26.6m | $98.5m | $100.1m | $61.0m | $73.8m | |
| Net Other Investing Changes | — | — | — | — | — | — | $40.3m | ($400.5m) | ($329.1m) | ($469.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($309.5m) | $154.6m | ($2.4b) | ($2.0b) | $2.3b | ($4.5b) | ($3.7b) | ($5.7b) | ($5.5b) | ($10.5b) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $1.2b | $1.4b | $1.2b | $4.4b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $1.2b | $1.4b | $1.2b | $4.4b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $371.3m | $655.0m | ($635.1m) | $2.6b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $371.3m | $655.0m | ($635.1m) | $2.6b | |
| Net Short Term Debt Issuance | — | — | — | — | — | $324.9m | ($324.9m) | $0 | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($782.1m) | ($741.9m) | ($1.8b) | ($1.8b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($782.1m) | ($741.9m) | ($1.8b) | ($1.8b) | |
| Proceeds from Issuance of Common Stock | $534.2m | $622.0m | $789.6m | $1.1b | $595.3m | $2.3b | — | — | — | — | |
| Common Stock Issuance | — | — | — | — | — | — | $3.7b | $6.0b | $7.4b | $8.9b | |
| Net Common Stock Issuance | — | — | — | — | — | — | $3.7b | $6.0b | $7.4b | $8.9b | |
| Payments for Repurchase of Common Stock | — | — | — | — | $7.7m | $0 | $0 | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $1.2b | $1.3b | $1.3b | $1.4b | $1.1b | $1.0b | $1.1b | $1.3b | $1.5b | $1.9b | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | |
| Proceeds from Noncontrolling Interests | $148.7m | $56.6m | $39.2m | $55.4m | $44.0m | $156.3m | $138.7m | $280.7m | $59.6m | $22.1m | |
| Payments of Dividends | — | — | — | — | — | — | $1.1b | $1.3b | $1.5b | $1.9b | |
| Cash Dividends Paid | — | — | — | — | — | — | ($1.1b) | ($1.3b) | ($1.5b) | ($1.9b) | |
| Dividend Received CFO | — | — | — | — | — | — | $12.5m | $11.6m | $19.5m | $21.9m | |
| Dividends Received CFI | — | — | — | — | — | — | $37.6m | $149.8m | $52.4m | $310.4m | |
| Proceeds from (Payments for) Other Financing Activities | ($1.6m) | ($10.8m) | ($6.8m) | ($15.7m) | ($22.5m) | ($9.2m) | ($7.5m) | ($13.1m) | ($65.3m) | ($14.4m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($146.3m) | $44.1m | ($330.1m) | ($633.0m) | |
| Net Cash Provided by (Used in) Financing Activities | ($1.2b) | ($1.9b) | $818.4m | $577.1m | ($2.1b) | $1.6b | $2.8b | $5.4b | $4.9b | $9.0b | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | ($9.0m) | $5.3m | $3.5m | ($1.0m) | ($10.6m) | $11.0m | ($11.7m) | $129.4m | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($10.6m) | $11.0m | ($11.7m) | $129.4m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $6.8m | $69.6m | $1.6b | ($1.7b) | $375.5m | $1.4b | $1.6b | $1.5b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $316.1m | $385.8m | $2.0b | $346.8m | $722.3m | $2.1b | $3.7b | $5.2b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $375.5m | $1.4b | $1.6b | $1.5b | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | — | — | $574.5m | $508.5m | $492.7m | $531.7m | $628.6m | $593.0m | $579.6m | |
| Income Taxes Paid, Net | — | — | — | $14.3m | $13.7m | ($4.8m) | $3.4m | $7.7m | $8.4m | $22.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.