For the year ending 2025-12-31, WELL had $1,498,082K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Income (loss) from continuing operations | - | - | 358,139 | 160,568 |
| Net income | 961,837 | 972,857 | 358,139 | 160,568 |
| Depreciation and amortization | 2,084,868 | 1,632,093 | 1,401,101 | 1,310,368 |
| Other amortization expenses | 56,381 | 47,759 | 42,645 | 28,234 |
| Provision for loan losses, net | -9,416 | 10,125 | 9,809 | 10,320 |
| Impairment of assets | 121,283 | 92,793 | 36,097 | 17,502 |
| Stock-based compensation expense | 1,556,732 | 75,821 | 37,199 | 26,149 |
| Loss (gain) on derivatives and financial instruments, net | -22,407 | 27,887 | 2,120 | -8,334 |
| Loss (gain) on extinguishment of debt, net | -9,245 | -2,130 | -7 | -680 |
| Loss (income) from unconsolidated entities | -14,297 | -496 | -53,442 | -21,290 |
| Rental income less than (in excess of) cash received | 225,261 | 15,859 | 135,758 | 108,883 |
| Amortization related to above (below) market leases, net | -2,721 | -219 | -529 | -1,693 |
| Loss (gain) on real estate dispositions and acquisitions of controlling interests, net | 1,449,043 | 451,611 | - | - |
| Loss (gain) on real estate dispositions, net | - | - | 67,898 | 16,043 |
| Proceeds from (payments on) interest rate swap settlements | 0 | -59,555 | - | - |
| Loss (gain) on loss of control of subsidiary | 0 | 0 | 65,485 | - |
| Distributions by unconsolidated entities | 21,851 | 19,516 | 11,623 | 12,462 |
| Increase (decrease) in accrued expenses and other liabilities | -83,906 | 26,541 | -79,801 | 50,857 |
| Decrease (increase) in receivables and other assets | 196,877 | 68,579 | -3,390 | 191,437 |
| Net cash provided from (used in) operating activities | 2,881,677 | 2,256,421 | 1,601,861 | 1,328,708 |
| Cash disbursed for acquisitions, net of cash acquired | 13,913,975 | 3,525,449 | 3,558,266 | 2,306,020 |
| Cash disbursed for capital improvements to existing properties | 1,050,263 | 857,546 | 517,682 | 476,016 |
| Cash disbursed for construction in progress | 437,731 | 827,900 | 1,014,935 | 631,737 |
| Capitalized interest | 33,799 | 58,115 | 50,699 | 30,491 |
| Investment in loans receivable | 691,334 | 623,501 | 490,736 | 156,045 |
| Principal collected on loans receivable | 222,348 | 294,409 | 90,215 | 196,310 |
| Other investments, net of payments | 73,758 | 61,027 | 100,128 | 98,459 |
| Contributions to unconsolidated entities | 500,033 | 264,561 | 343,498 | 502,171 |
| Distributions by unconsolidated entities | 310,410 | 52,391 | 149,753 | 37,571 |
| Proceeds from (payments on) derivatives | - | - | -31,493 | -63,747 |
| Net proceeds from net investment hedge settlements | 2,884 | -20,093 | - | - |
| Proceeds from sales of real property | 5,658,270 | 336,525 | 96,741 | 199,496 |
| Net cash provided from (used in) investing activities | -10,512,749 | -5,514,681 | -5,707,742 | -3,703,815 |
| Net increase (decrease) under unsecured credit facility and commercial paper | 0 | 0 | 0 | 324,935 |
| Net carrying value included in senior unsecured notes | 4,360,818 | 1,015,063 | 1,011,780 | 1,040,232 |
| Payments to extinguish senior unsecured notes | 1,344,645 | 1,350,000 | 0 | 0 |
| Net proceeds from the issuance of secured debt | 4,871 | 197,930 | 385,115 | 113,183 |
| Payments on secured debt | 411,171 | 498,049 | 741,856 | 457,180 |
| Net proceeds from the issuance of common stock | 8,900,866 | 7,415,778 | 6,010,129 | 3,667,854 |
| Repurchase of common stock | - | - | - | 0 |
| Payments for deferred financing costs and prepayment penalties | 694 | 23,388 | 7,220 | 5,062 |
| Contributions by noncontrolling interests | 22,149 | 59,643 | 280,678 | 138,656 |
| Distributions to noncontrolling interests | 640,084 | 301,029 | 216,273 | 272,414 |
| Cash distributions to stockholders | 1,877,959 | 1,545,275 | 1,260,578 | 1,131,527 |
| Other financing activities | -14,391 | -65,322 | -13,128 | -7,530 |
| Net cash provided from (used in) financing activities | 8,999,760 | 4,905,351 | 5,448,647 | 2,761,277 |
| Effect of foreign currency translation on cash and cash equivalents and restricted cash | 129,394 | -11,717 | 11,025 | -10,633 |
| Increase (decrease) in cash, cash equivalents and restricted cash | 1,498,082 | 1,635,374 | 1,353,791 | 375,537 |
| Cash and cash equivalents at beginning of period | 3,711,457 | 2,076,083 | 722,292 | 346,755 |
| Cash and cash equivalents at end of period | 5,209,539 | 3,711,457 | 2,076,083 | 722,292 |
WELLTOWER INC. (WELL)
WELLTOWER INC. (WELL)