← VICI PROPERTIES INC.
| Annual Trend | FY 2015 | FY 2016 | 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 From Continuing Operations | — | — | $532.1m | $554.3m | $896.2m | $1.0b | $1.1b | $2.6b | $2.7b | $2.8b | $2.8b | |
| Net Income (Loss) Attributable to Parent | $3k |
$0
-100.00%
|
$523.6m |
$546.0m
+4.27%
|
$891.7m
+63.32%
|
$1.0b
+13.70%
|
$1.1b
+10.24%
|
$2.5b
+124.90%
|
$2.7b
+6.58%
|
$2.8b
+3.61%
|
— | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $8.5m | $8.3m | $4.5m | $9.3m | $18.6m | $41.1m | $42.4m | $43.1m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | — | $6.0m | $33.0m | $19.9m | $71.5m | $32.4m | $46.1m | $46.7m | $46.8m | — | |
| Depreciation | $2.9m | $3.0m | $3.7m | $3.8m | $3.7m | $3.1m | $3.2m | $4.3m | $4.1m | $3.6m | $3.9m | |
| Amortization of debt issuance costs and original issue discount | — | — | $6.0m | $33.0m | $19.9m | $71.5m | $32.4m | $46.1m | $46.7m | $46.8m | — | |
| Deferred Income Tax Expense (Benefit) | ($101k) | ($111k) | ($348k) | $0 | $0 | $0 | $0 | ($10.4m) | $5.4m | ($1.7m) | ($1.8m) | |
| Deferred Tax | — | — | — | — | — | — | $0 | ($10.4m) | $5.4m | ($1.7m) | ($1.8m) | |
| Share-based Payment Arrangement, Noncash Expense | — | — | $2.3m | $5.2m | $7.4m | $9.4m | $13.0m | $15.5m | $17.5m | $16.2m | $17.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | $207k | $1.7m | $6.2m | $5.0m | $5.3m | $7.2m | — | |
| Stock-based compensation | — | — | $2.3m | $5.2m | $7.4m | $9.4m | $13.0m | $15.5m | $17.5m | $16.2m | $17.6m | |
| Issuance of stock-based compensation subject to repurchase for tax withholding | — | — | — | — | — | — | $0 | $11.4m | $17.6m | $18.6m | — | |
| Income (Loss) from Equity Method Investments | — | — | — | — | — | — | $59.8m | $1.3m | $0 | $0 | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($59.8m) | ($1.3m) | $0 | $0 | $0 | |
| Change In Working Capital | — | — | — | — | — | — | $46.4m | ($14.0m) | ($11.5m) | $11.0m | $4.7m | |
| Investments in leases - financing receivables | — | — | ($771.5m) | ($1.8b) | ($1.4b) | ($6.0m) | ($296.7m) | ($1.1b) | ($248k) | $0 | — | |
| Non-cash change in Investments in leases - financing receivables | — | — | — | $0 | $8.1m | $21.1m | $189.1m | $276.9m | $283.4m | $283.0m | — | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $52.3m | ($11.6m) | ($13.4m) | $13.0m | ($3.1m) | |
| Accrued expenses and deferred revenue | $126k | ($125k) | — | $32.7m | $49.6m | ($88.1m) | $52.3m | ($11.6m) | ($13.4m) | $13.0m | — | |
| Accrued capitalized transaction costs | — | — | — | — | — | — | $2.5m | $2.3m | $1.6m | $3.5m | — | |
| Change In Accrued Expense | — | — | — | — | — | — | $52.3m | ($11.6m) | ($13.4m) | $13.0m | ($3.1m) | |
| Other assets | $69k | $12k | ($22.9m) | ($5.6m) | ($3.1m) | $830k | ($5.7m) | $5.1m | $3.4m | ($441k) | — | |
| Other liabilities | — | — | $25.2m | $339k | $1.5m | $476k | ($142k) | ($7.5m) | ($1.5m) | ($1.5m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($5.7m) | $5.1m | $3.4m | ($441k) | $10.4m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($142k) | ($7.5m) | ($1.5m) | ($1.5m) | ($2.6m) | |
| Net Cash Provided by (Used in) Operating Activities | $2.9m |
$2.7m
-5.78%
|
$504.1m
+18425.62%
|
$682.2m
+35.33%
|
$883.6m
+29.54%
|
$896.4m
+1.44%
|
$1.9b
+116.81%
|
$2.2b
+12.23%
|
$2.4b
+9.19%
|
$2.5b
+5.40%
|
$2.6b
+5.11%
|
|
| Cash flows from investing activities: | ||||||||||||
| Acquisition of property and equipment | ($798k) | ($869k) | ($899k) | ($2.7m) | ($2.8m) | ($2.5m) | ($1.9m) | ($4.0m) | ($7.5m) | ($1.3m) | — | |
| Payments to Acquire Property, Plant, and Equipment | — | — | $899k | $2.7m | — | — | ($1.9m) | ($4.0m) | ($7.5m) | ($1.3m) | ($1.3m) | |
| Investments in loans and securities | — | — | $0 | $0 | ($535.5m) | ($33.6m) | ($193.7m) | ($959.1m) | ($579.1m) | ($887.2m) | — | |
| Investments in short-term investments | — | — | ($942.3m) | ($440.4m) | ($20.0m) | $0 | ($306.5m) | $0 | ($29.6m) | ($44.5m) | — | |
| Investments in leases - sales-type | — | — | ($771.5m) | $0 | ($2.7b) | $0 | ($4.0b) | ($241.1m) | ($411.8m) | $0 | — | |
| Maturities of short-term investments | — | — | $421.4m | $901.8m | $59.5m | $20.0m | $89.2m | $217.3m | $29.6m | $0 | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | — | $4.6b | — | — | $0 | $0 | |
| Net Other Investing Changes | — | — | — | — | — | — | ($492.4m) | ($1.6b) | ($504.4m) | ($864.4m) | ($1.1b) | |
| Net Cash Provided by (Used in) Investing Activities | ($732k) | ($869k) | ($1.1b) | ($1.4b) | ($4.5b) | $41.4m | ($9.3b) | ($2.9b) | ($922.8m) | ($904.8m) | ($1.2b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | — | — | ($23.0m) | ($58.1m) | ($39.1m) | ($15.6m) | $0 | $0 | — | — | — | |
| Proceeds from Issuance of Long-term Debt | — | — | $0 | — | — | — | — | — | — | — | $426.0m | |
| Debt issuance costs | — | — | ($1.1m) | ($56.1m) | ($57.8m) | ($31.1m) | ($146.2m) | ($105k) | ($5.3m) | ($19.5m) | — | |
| Debt issuance costs payable | — | — | $0 | $16.1m | $0 | $43.0m | $0 | $45k | $476k | $5k | — | |
| Issuance Of Debt | — | — | — | — | — | — | $5.6b | $419.1m | $1.9b | $1.7b | $426.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $5.6b | $419.1m | $1.9b | $1.7b | $426.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $5.0b | $169.1m | ($40.9m) | ($29.5m) | ($49.4m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $5.0b | $169.1m | ($40.9m) | ($29.5m) | $93.8m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $5.6b | — | — | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($600.0m) | ($250.0m) | ($1.9b) | ($1.7b) | ($332.3m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($600.0m) | ($250.0m) | ($1.9b) | ($1.7b) | ($332.3m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $3.2b | $2.5b | $378.7m | $375.3m | $617.1m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($6.2m) | ($5.0m) | ($5.3m) | ($7.2m) | ($2.3m) | |
| Proceeds from Issuance of Common Stock | — | — | $694.4m | — | $1.5b | $2.4b | $3.2b | $2.5b | $378.7m | $375.3m | $617.1m | |
| Proceeds from offering of common stock, net | — | — | $694.4m | $128.3m | $1.5b | $2.4b | $3.2b | $2.5b | $378.7m | $375.3m | — | |
| Common Stock Issuance | — | — | — | — | — | — | $3.2b | $2.5b | $378.7m | $375.3m | $617.1m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $3.2b | $2.5b | $373.3m | $368.1m | $614.8m | |
| Common Stock Payments | — | — | — | — | — | — | ($6.2m) | ($5.0m) | ($5.3m) | ($7.2m) | ($2.3m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($1.2b) | ($1.6b) | ($1.8b) | ($1.9b) | ($1.9b) | |
| Dividends paid | — | — | $263 | $504 | $612 | $759 | $1k | $2k | $2k | $2k | ($1.9b) | |
| Dividends Payable | — | — | $116 | $137 | $177 | $226 | $380 | $438 | $462 | $486 | — | |
| Dividends and distributions declared, not paid | — | — | — | $137 | $178 | $226 | $380 | $439 | $462 | $486 | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($1.2b) | ($1.6b) | ($1.8b) | ($1.9b) | ($1.9b) | |
| Dividend Received CFO | — | — | — | — | — | — | $64.8m | $3.3m | $0 | $0 | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($163.9m) | ($28.7m) | ($36.5m) | ($51.7m) | ($32.9m) | |
| Net cash (used in) provided by financing activities | ($2.0m) |
($1.3m)
+36.67%
|
$1.0b
+80991.35%
|
$1.2b
+13.95%
|
$2.9b
+143.45%
|
($514.2m)
-117.86%
|
$6.8b
+1428.32%
|
$1.0b
-84.89%
|
($1.5b)
-241.22%
|
($1.6b)
-7.51%
|
— | |
| Net Cash Provided by (Used in) Financing Activities | — | — | $1.0b |
$1.2b
+13.95%
|
$2.9b
+143.45%
|
($514.2m)
-117.86%
|
$6.8b
+1428.32%
|
$1.0b
-84.89%
|
($1.5b)
-241.22%
|
($1.6b)
-7.51%
|
($1.4b)
+12.71%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | $401.0m | $503.4m | ($785.9m) | $423.6m | ($530.7m) | $313.6m | $2.0m | $38.9m | $288.6m | |
| Beginning Cash Position | — | — | — | — | — | — | $739.6m | $208.9m | $522.6m | $524.6m | $233.0m | |
| Cash, cash equivalents and restricted cash, beginning of period | — | $920k | $598.4m | $1.1b | $316.0m | $739.6m | $208.9m | $522.6m | $524.6m | $563.5m | — | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | — | — | — | — | — | ($63k) | $445k | $160k | ($565k) | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | — | — | — | — | $0 | $0 | ($63k) | $445k | $160k | ($565k) | |
| Net increase in cash, cash equivalents and restricted cash | — | — | $401.0m | $503.4m | ($785.9m) | $423.6m | ($530.7m) | $313.6m | $2.0m | $38.9m | — | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $598.4m | $1.1b | $316.0m | $739.6m | $208.9m | $522.6m | $524.6m | $563.5m | $288.6m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Income Tax Expense (Benefit) | — | — | $1.4m | $1.7m | $831k | $2.9m | $2.9m | ($6.1m) | $9.7m | $2.4m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $826.1m | $843.6m | — | |
| Operating Lease, Expense | — | — | — | — | $2.0m | $2.0m | $2.0m | $2.0m | $2.3m | $2.5m | — | |
| Operating Lease, Lease Income | — | — | — | $43.7m | $25.5m | $0 | $0 | — | — | — | — | |
| Additional Financial Items | ||||||||||||
| General and Administrative Expense | — | — | $24.4m | $24.6m | $30.7m | $33.1m | $48.3m | $59.6m | $69.1m | $65.1m | — | |
| Investment Income, Interest | — | — | — | — | — | $120k | $9.5m | $24.0m | $16.1m | $14.4m | — | |
| Operating Costs and Expenses | — | — | — | $52.3m | $321.0m | $75.6m | $990.9m | $275.2m | $308.8m | $358.5m | — | |
| Operating Expenses | — | — | $140.0m | — | — | — | — | — | — | — | — | |
| Real Estate Tax Expense | — | — | $81.8m | $0 | — | — | — | — | — | — | — | |
| Non-cash leasing and financing adjustments | — | — | ($45.4m) | $239k | ($41.8m) | ($120.0m) | ($337.6m) | ($515.5m) | ($537.7m) | ($523.9m) | — | |
| Other gains | — | — | — | — | — | $0 | $0 | ($4.5m) | ($581k) | ($2.7m) | — | |
| Change in allowance for credit losses | — | — | $0 | $0 | $244.5m | ($19.6m) | $834.5m | $102.8m | $126.7m | $177.9m | — | |
| Payment-in-kind interest | — | — | — | — | — | — | — | $0 | $0 | ($37.5m) | — | |
| Net proceeds from settlement of derivatives | — | — | — | — | $0 | $0 | $201.4m | $0 | $9.6m | $1.8m | — | |
| Income from unconsolidated affiliate | — | — | — | — | $0 | $0 | ($59.8m) | ($1.3m) | $0 | $0 | — | |
| Distributions from unconsolidated affiliate | — | — | — | — | $0 | $0 | $64.8m | $3.3m | $0 | $0 | — | |
| Principal repayments of loans and securities and receipts of deferred fees | — | — | — | $0 | $0 | $70.4m | $5.7m | $482.0m | $80.8m | $27.5m | — | |
| Capitalized transaction costs | — | — | ($6.8m) | ($8.7m) | ($264k) | ($20.7m) | ($7.7m) | ($1.5m) | ($5.9m) | ($4.7m) | — | |
| Proceeds from sale of real estate | — | — | $186k | $1.0m | $50.0m | $13.3m | $0 | $6.2m | $963k | $5.5m | — | |
| Proceeds from Revolving Credit Facility | — | — | — | — | $0 | $0 | $600.0m | $419.1m | $82.2m | $426.0m | — | |
| Repayment of Revolving Credit Facility | — | — | ($400.0m) | $0 | $0 | $0 | ($600.0m) | ($250.0m) | ($94.3m) | ($439.9m) | — | |
| Proceeds from senior unsecured notes offerings | — | — | $0 | $2.2b | $2.5b | $0 | $5.0b | $0 | $1.8b | $1.3b | — | |
| Redemption of senior unsecured notes | — | — | — | — | — | — | $0 | $0 | ($1.8b) | ($1.3b) | — | |
| Repurchase of stock for tax withholding | — | — | $0 | $0 | ($207k) | ($1.7m) | ($6.2m) | ($5.0m) | ($5.3m) | ($7.2m) | — | |
| Distributions to non-controlling interests | — | — | ($9.8m) | ($8.1m) | ($8.2m) | ($8.3m) | ($17.7m) | ($28.6m) | ($31.2m) | ($32.2m) | — | |
| Obtaining right-of-use assets in exchange for lease liabilities | — | — | $0 | $26.5m | $282.1m | $0 | $541.7m | $82.1m | $15.5m | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $6.8b | $1.0b | ($1.5b) | ($1.6b) | ($1.4b) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($9.3b) | ($2.9b) | ($922.8m) | ($904.8m) | ($1.2b) | |
| Changes In Cash | — | — | — | — | — | — | ($530.7m) | $313.7m | $1.6m | $38.7m | $55.6m | |
| End Cash Position | — | — | — | — | — | — | $208.9m | $522.6m | $524.6m | $563.5m | $288.6m | |
| Financing Cash Flow | — | — | — | — | — | — | $6.8b |
$1.0b
-84.89%
|
($1.5b)
-241.22%
|
($1.6b)
-7.51%
|
($1.4b)
+12.71%
|
|
| Free Cash Flow | — | — | — | — | — | — | $1.9b | $2.2b | $2.4b | $2.5b | $2.6b | |
| Investing Cash Flow | — | — | — | — | — | — | ($9.3b) | ($2.9b) | ($922.8m) | ($904.8m) | ($1.2b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($4.6b) | ($1.3b) | $0 | $0 | $0 | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($1.9m) | ($4.0m) | ($7.5m) | ($1.3m) | ($1.3m) | |
| Operating Gains Losses | — | — | — | — | — | $15.6m | ($59.8m) | ($1.3m) | — | — | — | |
| Other Non Cash Items | — | — | — | — | — | — | ($95.0m) | ($473.8m) | ($482.0m) | ($515.5m) | — | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $834.5m | $102.8m | $126.7m | $177.9m | $285.2m | |
| Purchase Of Business | — | — | — | — | — | — | ($4.6b) | ($1.3b) | $0 | $0 | $0 | |
| Purchase Of PPE | — | — | $899k | $2.7m | — | — | ($1.9m) | ($4.0m) | ($7.5m) | ($1.3m) | ($1.3m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $0 | $6.2m | $963k | $5.5m | ($18.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($4.2b) | ($23.8m) | ($411.8m) | ($44.5m) | ($141.7m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($4.3b) | ($241.1m) | ($441.4m) | ($44.5m) | ($186.2m) | |
| Purchase Of Investment Properties | — | — | — | — | — | $0 | ($4.0b) | — | — | — | ($186.2m) | |
| Sale Of Investment | — | — | — | — | — | — | $89.2m | $217.3m | $29.6m | $0 | $44.5m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $0 | $6.2m | $963k | $5.5m | $44.5m | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($530.7m) | $313.6m | $2.0m | $38.9m | — | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $18k | $7k | $213.3m | $209.4m | $262.5m | $323.2m | $466.8m | $762.6m | $781.4m | $778.8m | — | |
| Income Taxes Paid, Net | — | — | $1.4m | $2.6m | $561k | $1.8m | $3.0m | $4.9m | $3.3m | $7.3m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.