National Health Investors Cash Flow Statement
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At close: Oct 9, 4:00 PM ET · Delayed 15 min
National Health Investors free cash flow
In fiscal 2025, National Health Investors generated $236.6 million of operating cash flow and spent $294.0 million on capital expenditures. That left free cash flow of -$57.5 million, a free-cash-flow margin of -15.3% of revenue. Free cash flow was down 215.3% from the prior year's $49.8 million.
National Health Investors returned $169.7 million to shareholders through dividends.
Summary generated from market data by MetaCap's automated system. Methodology
National Health Investors cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 140.79M | 136.64M | 134.38M | 65.50M | 111.97M | 185.31M | 160.45M | 154.33M | 159.37M | 152.72M |
| Net Income growth (YoY) | +3.04% | +1.68% | +105.16% | -41.50% | -39.58% | +15.50% | +3.96% | -3.16% | +4.35% | +1.60% |
| Depreciation & Amortization | 80.94M | 71.44M | 69.97M | 70.88M | 80.80M | 83.15M | 76.82M | 71.35M | 67.17M | 59.52M |
| Stock-Based Compensation | 5.58M | 4.18M | 4.61M | 8.61M | 5.08M | 5.45M | 3.65M | 2.49M | 2.61M | 1.73M |
| Change in Working Capital | 7.26M | 245.00K | 5.33M | -2.70M | -438.00K | -6.74M | 18.70M | -571.00K | -1.69M | 1.82M |
| Operating Cash Flow | 236.56M | 207.77M | 184.45M | 185.34M | 210.86M | 232.15M | 240.96M | 207.87M | 198.09M | 176.64M |
| Capital Expenditures | -294.03M | -157.93M | -49.56M | -10.99M | -50.35M | -116.72M | -237.19M | -147.65M | -175.79M | -394.74M |
| Investing Cash Flow | -269.15M | -192.31M | -11.63M | 197.94M | 185.28M | -89.71M | -342.52M | -250.29M | -163.85M | -329.84M |
| Dividends Paid | -169.70M | -156.51M | -156.24M | -161.77M | -182.90M | -194.58M | -179.74M | -165.39M | -153.04M | -138.30M |
| Share Repurchases | — | 0 | 0 | -151.95M | 0 | 0 | — | — | — | — |
| Debt Issued | 346.16M | 0 | 0 | 0 | 396.78M | 0 | 0 | — | — | — |
| Debt Repaid | -200.81M | -75.44M | -415.43M | -135.39M | -293.32M | -43.73M | -1.19M | -1.14M | -250.82M | -767.00K |
| Financing Cash Flow | 25.71M | -13.57M | -169.72M | -401.25M | -402.99M | -111.76M | 107.32M | 44.26M | -35.05M | 144.16M |
| Net Change in Cash | -6.88M | 1.89M | 3.10M | -17.97M | -6.86M | 30.67M | 5.76M | 1.84M | -1.57M | -8.45M |
| Free Cash Flow | -57.47M | 49.84M | 134.89M | 174.35M | 160.51M | 115.42M | 3.77M | 60.22M | 22.30M | -218.10M |
This table shows 10 annual periods of National Health Investors's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow NHI's reporting calendar. What is a cash flow statement?