Vornado Realty Cash Flow Statement
NYSE: VNOReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Vornado Realty free cash flow
In fiscal 2025, Vornado Realty generated $1.26 billion of operating cash flow and spent $296.7 million on capital expenditures. That left free cash flow of $961.7 million, a free-cash-flow margin of 53.1% of revenue. Free cash flow was up 78.8% from the prior year's $537.7 million.
Vornado Realty returned $192.3 million to shareholders: $141.3 million in dividends and $51.0 million in share repurchases, equal to 20% of free cash flow. Free cash flow covered dividend payments 6.8 times.
Summary generated from market data by MetaCap's automated system. Methodology
Vornado Realty 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 | 937.20M | 20.12M | 32.89M | -382.61M | 207.55M | -461.85M | 3.33B | 422.60M | 264.13M | 981.92M |
| Net Income growth (YoY) | +4559.00% | -38.83% | — | -284.34% | — | -113.85% | +688.98% | +60.00% | -73.10% | +14.25% |
| Depreciation & Amortization | 481.46M | 469.42M | 457.57M | 526.31M | 432.59M | 417.94M | 438.93M | 472.79M | 529.83M | 595.27M |
| Stock-Based Compensation | 25.48M | 30.17M | 43.20M | 29.25M | 38.33M | 48.68M | 53.91M | 31.72M | 32.83M | 33.98M |
| Change in Working Capital | -146.52M | -65.54M | -30.31M | -32.51M | -18.36M | -46.83M | -22.72M | -104.25M | -89.56M | -68.07M |
| Operating Cash Flow | 1.26B | 537.72M | 648.15M | 798.94M | 761.81M | 424.24M | 662.54M | 802.64M | 860.14M | 995.08M |
| Capital Expenditures | -296.68M | 0 | -33.15M | -3.00M | -3.00M | -1.16M | -69.70M | -234.60M | -271.31M | -387.55M |
| Investing Cash Flow | 115.51M | -597.37M | -128.79M | -906.86M | -532.35M | -87.80M | 2.46B | -877.72M | -206.32M | -893.11M |
| Dividends Paid | -141.28M | -141.10M | -129.07M | -406.56M | -406.11M | -827.32M | -503.79M | -479.35M | -496.49M | -475.96M |
| Share Repurchases | -50.99M | 0 | -29.18M | 0 | 0 | — | — | — | — | — |
| Debt Issued | 835.79M | 75.00M | 0 | 1.03B | 3.25B | 1.06B | 1.11B | 526.77M | 1.06B | 2.40B |
| Debt Repaid | -1.90B | -97.44M | -148.00M | -1.25B | -1.58B | -1.07B | -2.72B | -685.26M | -631.68M | -1.89B |
| Financing Cash Flow | -1.35B | -252.32M | -278.94M | -801.27M | -29.48M | -213.20M | -2.24B | -1.12B | -338.34M | -446.15M |
| Net Change in Cash | 27.93M | -311.96M | 240.43M | -909.19M | 199.98M | 123.24M | 890.23M | -1.20B | 315.48M | -344.18M |
| Free Cash Flow | 961.70M | 537.72M | 615.01M | 795.94M | 758.81M | 423.08M | 592.84M | 568.04M | 588.83M | 607.53M |
This table shows 10 annual periods of Vornado Realty'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 VNO's reporting calendar. What is a cash flow statement?