Welltower Cash Flow Statement
NYSE: WELLReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:01 PM ET · Delayed 15 min
Welltower free cash flow
In fiscal 2025, Welltower generated $2.88 billion of operating cash flow and spent $1.05 billion on capital expenditures. That left free cash flow of $1.83 billion, a free-cash-flow margin of 16.9% of revenue. Free cash flow was up 30.9% from the prior year's $1.40 billion.
Welltower returned $1.88 billion to shareholders through dividends, equal to 103% of free cash flow. Free cash flow covered dividend payments 1.0 times.
Summary generated from market data by MetaCap's automated system. Methodology
Welltower 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 | 961.84M | 972.86M | 358.14M | 160.57M | 374.48M | 1.04B | 1.33B | 829.75M | 540.61M | 1.08B |
| Net Income growth (YoY) | -1.13% | +171.64% | +123.05% | -57.12% | -63.95% | -21.91% | +60.34% | +53.48% | -50.04% | +21.78% |
| Depreciation & Amortization | 2.08B | 1.63B | 1.40B | 1.31B | 1.04B | 1.04B | 1.03B | 950.46M | 921.72M | 901.24M |
| Stock-Based Compensation | 1.56B | 75.82M | 37.20M | 26.15M | 17.81M | 28.32M | 25.05M | 27.65M | 19.10M | 28.87M |
| Change in Working Capital | -280.78M | -42.04M | -76.41M | -140.58M | -44.56M | -31.82M | -92.49M | 76.59M | 50.30M | -3.74M |
| Operating Cash Flow | 2.88B | 2.26B | 1.60B | 1.33B | 1.28B | 1.36B | 1.54B | 1.58B | 1.43B | 1.64B |
| Capital Expenditures | -1.05B | -857.55M | -517.68M | -476.02M | -282.59M | -244.99M | -328.82M | -266.18M | -250.28M | -219.15M |
| Investing Cash Flow | -10.51B | -5.51B | -5.71B | -3.70B | -4.52B | 2.35B | -2.05B | -2.39B | 154.58M | -183.44M |
| Dividends Paid | -1.88B | -1.55B | -1.26B | -1.13B | -1.04B | -1.12B | -1.40B | -1.30B | -1.28B | -1.23B |
| Share Repurchases | — | — | — | 0 | 0 | -7.66M | 0 | 0 | — | — |
| Debt Issued | 4.36B | 1.02B | 1.01B | 1.04B | 1.70B | 1.59B | 3.97B | 2.82B | 7.50M | 693.56M |
| Debt Repaid | -1.34B | -1.35B | 0 | 0 | -1.53B | -566.25M | -3.34B | -1.45B | -5.00M | -865.86M |
| Financing Cash Flow | 9.00B | 4.91B | 5.45B | 2.76B | 1.57B | -2.08B | 577.15M | 818.37M | -1.91B | -1.25B |
| Net Change in Cash | 1.50B | 1.64B | 1.35B | 375.54M | -1.67B | 1.64B | 69.64M | 6.83M | -297.92M | 184.53M |
| Free Cash Flow | 1.83B | 1.40B | 1.08B | 852.69M | 992.74M | 1.12B | 1.21B | 1.32B | 1.18B | 1.42B |
This table shows 10 annual periods of Welltower'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 WELL's reporting calendar. What is a cash flow statement?