← NNN REIT, INC.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $239.5m |
$265.0m
+10.64%
|
$292.4m
+10.37%
|
$299.2m
+2.30%
|
$228.8m
-23.52%
|
$290.1m
+26.80%
|
$334.6m
+15.34%
|
$392.3m
+17.25%
|
$396.8m
+1.15%
|
$389.8m
-1.78%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $200.9m |
$217.2m
+8.12%
|
$258.1m
+18.84%
|
$258.2m
+0.02%
|
$210.9m
-18.33%
|
$264.2m
+25.31%
|
$334.6m
+26.65%
|
$392.3m
+17.25%
|
$396.8m
+1.15%
|
$389.8m
-1.78%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $239.5m | $265.4m | $292.5m | $299.6m | $228.8m | $290.1m | $334.6m | $392.3m | $396.8m | $389.8m | — | |
| Depreciation, Depletion and Amortization | $149.1m | $173.7m | $174.4m | $188.9m | $196.6m | $205.2m | $223.8m | $238.6m | $249.7m | $268.4m | $277.3m | |
| Amortization of Debt Issuance Costs | $3.1m | $3.5m | $4.6m | $3.7m | $5.0m | $5.2m | $4.7m | $4.9m | $6.0m | $6.2m | — | |
| Amortization of Intangible Assets | — | — | $9.2m | — | — | — | — | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $223.8m | $238.6m | $249.7m | $268.4m | $277.3m | |
| Deferred Income Tax Expense (Benefit) | $0 | $0 | $0 | $0 | $0 | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $10.8m | $13.0m | $9.3m | $10.7m | $14.2m | $14.3b | $15.4b | $12.2m | $11.8m | $14.2m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $8.3m | $6.0m | $6.6m | $28.6m | $41.3m | |
| Other Nonoperating Income (Expense) | ($96.7m) | ($108.8m) | ($132.3m) | ($117.2m) | ($145.7m) | ($159.0m) | ($147.9m) | ($162.8m) | ($181.0m) | ($199.7m) | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $3.1m | $1.0m | $2.0m | $4.2m | ($6.5m) | |
| Change In Receivables | — | — | — | — | — | — | $3.9m | ($8.3m) | $380k | ($2.4m) | ($4.3m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $358k | ($853k) | $674k | ($495k) | ($4.3m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($97k) | $10.5m | ($4.7m) | $10.9m | $7.3m | |
| Change In Accrued Expense | — | — | — | — | — | — | ($97k) | $10.5m | ($4.7m) | $10.9m | $7.3m | |
| Increase (Decrease) in Other Operating Assets | ($1.7m) | ($2.0m) | ($793k) | $96k | ($488k) | ($1.6m) | ($424k) | ($243k) | $190k | $7.6m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $424k | $243k | ($190k) | ($7.6m) | ($7.3m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($1.2m) | ($1.6m) | $6.6m | $3.5m | ($1.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $415.3m |
$421.6m
+1.50%
|
$471.9m
+11.94%
|
$501.7m
+6.32%
|
$450.2m
-10.27%
|
$568.4m
+26.26%
|
$578.4m
+1.75%
|
$612.4m
+5.89%
|
$635.5m
+3.77%
|
$667.1m
+4.98%
|
$673.0m
+0.88%
|
|
| Cash flows from investing activities: | ||||||||||||
| Payments for (Proceeds from) Other Investing Activities | $2.2m | $2.2m | $876k | ($1.0m) | $500k | $2.4m | $2.2m | $1.8m | $1.9m | $2.6m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($1.7m) | ($1.2m) | ($1.3m) | ($2.1m) | ($3.1m) | |
| Net Cash Provided by (Used in) Investing Activities | ($779.9m) | ($625.6m) | ($609.4m) | ($619.4m) | ($142.8m) | ($432.2m) | ($777.6m) | ($680.7m) | ($424.3m) | ($748.1m) | ($717.8m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($18.2m) | $0 | ($16.7m) | ($21.3m) | $0 | $0 | — | — | — | |
| Issuance Of Debt | — | — | — | — | — | — | $688.0m | $1.4b | $1.0b | $1.6b | $2.1b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $688.0m | $1.4b | $1.0b | $1.6b | $2.1b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($522.5m) | ($916.6m) | ($1.0b) | ($1.1b) | ($1.7b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $165.5m | $444.2m | $11.8m | $444.0m | $356.7m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $165.5m | $444.2m | $11.8m | $444.0m | $356.7m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $166.2m | ($34.2m) | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($522.5m) | ($916.6m) | ($1.0b) | ($1.1b) | ($1.7b) | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $688.0m | $872.5m | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($521.8m) | ($906.7m) | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $257 | $277 | $303 | $334 | $356 | $367 | $381 | $404 | $420 | $443 | ($453.4m) | |
| Proceeds from Issuance of Common Stock | $278.0m | $256.8m | $345.3m | $542.3m | $126.5m | $4.1m | $254.0m | $32.3m | $217.6m | $85.4m | $149.8m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($380.5m) | ($404.5m) | ($420.2m) | ($443.2m) | ($453.4m) | |
| Common Stock Issuance | — | — | — | — | — | — | $254.0m | $32.3m | $217.6m | $85.4m | $149.8m | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $254.0m | $32.3m | $217.6m | $85.4m | $149.8m | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($345.0m) | $0 | $0 | — | — | $0 | |
| Dividends Payable | — | — | — | — | — | — | $345 | $345 | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($380.5m) | ($404.5m) | ($420.2m) | ($443.2m) | ($453.4m) | |
| Preferred Stock Dividend Paid | — | — | — | — | — | ($15.0m) | $0 | $0 | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.2m) | ($5.5m) | ($16.4m) | ($8.5m) | ($10.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $644.9m |
($89.2m)
-113.83%
|
$250.4m
+380.75%
|
$4.5m
-98.19%
|
($41.3m)
-1011.49%
|
($232.2m)
-462.76%
|
$34.7m
+114.96%
|
$66.6m
+91.83%
|
($207.3m)
-411.08%
|
$77.7m
+137.49%
|
$42.3m
-45.59%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | — | ($113.2m) | $266.1m | ($95.9m) | ($164.5m) | ($1.6m) | $3.9m | ($3.2m) | $4.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $171.3m | $6.8m | $5.2m | $9.1m | $6.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $1.4m | $114.3m | $1.1m | $267.2m | $171.3m | $6.8m | $5.2m | $9.1m | $5.8m | $4.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $91.4m | $103.8m | $107.9m | $115.7m | $119.4m | $123.4m | $140.3m | $148.2m | $183.4m | $184.0m | — | |
| Income Taxes Paid, Net | — | ($15k) | $0 | $0 | — | — | — | — | — | — | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Sale of Properties | $27.2m | $36.7m | $65.1m | $32.5m | $16.2m | $23.1m | $17.4m | $47.5m | $42.3m | $48.2m | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | $16.2m | $23.1m | $17.4m | $47.5m | $42.3m | $48.2m | — | |
| General and Administrative Expense | $36.5m | $33.8m | $34.2m | $37.7m | $38.2m | $44.6m | $41.7m | $43.7m | $44.3m | $46.9m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $212.3m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | — | |
| Operating Expenses | $224.6m | $247.4m | $263.0m | $286.2m | $302.4m | $300.4m | $308.0m | $320.5m | $333.7m | $384.9m | — | |
| Operating Lease, Lease Income | — | — | — | $650.1m | $639.3m | $703.9m | $751.7m | $805.1m | $846.7m | $902.4m | — | |
| Proceeds from Noncontrolling Interests | $0 | $0 | — | — | — | — | — | — | — | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $34.7m | $66.6m | ($207.3m) | $77.7m | $42.3m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($777.6m) | ($680.7m) | ($424.3m) | ($748.1m) | ($717.8m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($164.5m) | ($1.6m) | $3.9m | ($3.2m) | — | |
| Change In Interest Payable | — | — | — | — | — | — | ($97k) | $10.5m | ($4.7m) | $10.9m | $7.3m | |
| Change In Other Working Capital | — | — | — | — | — | — | $68k | $79k | ($82k) | ($147k) | ($549k) | |
| Changes In Cash | — | — | — | — | — | — | ($164.5m) | ($1.6m) | $3.9m | ($3.2m) | ($2.5m) | |
| End Cash Position | — | — | — | — | — | — | $6.8m | $5.2m | $9.1m | $5.8m | $4.2m | |
| Financing Cash Flow | — | — | — | — | — | — | $34.7m |
$66.6m
+91.83%
|
($207.3m)
-411.08%
|
$77.7m
+137.49%
|
$42.3m
-45.59%
|
|
| Free Cash Flow | — | — | — | — | — | — | $578.4m | $612.4m | $635.5m | $667.1m | $673.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($17.4m) | ($47.5m) | ($42.3m) | ($48.6m) | ($49.5m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($777.6m) | ($680.7m) | ($424.3m) | ($748.1m) | ($717.8m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($775.9m) | ($679.5m) | ($423.0m) | ($745.9m) | ($714.7m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | ($345.0m) | $0 | $0 | — | — | $0 | |
| Operating Gains Losses | — | — | — | — | — | — | ($113k) | ($34.1m) | ($29.5m) | ($33.6m) | ($34.9m) | |
| Other Non Cash Items | — | — | — | — | — | — | $8.6m | $8.6m | $9.8m | $9.7m | — | |
| Pension And Employee Benefit Expense | — | — | — | — | — | — | $17.3m | $13.4m | $12.8m | $15.0m | $14.6m | |
| Preferred Stock Payments | — | — | — | — | — | ($345.0m) | $0 | $0 | — | — | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($842.9m) | ($795.8m) | ($572.9m) | ($937.1m) | ($912.5m) | |
| Sale Of Investment Properties | — | — | — | — | — | — | $67.0m | $116.3m | $149.8m | $191.2m | $197.8m | |
| Stock Based Compensation | — | — | — | — | — | $14.5m | $17.3m | — | — | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.