Welltower Inc. (WELL)

WELL Cash Flow Statement

Operating, investing, and financing cash flow analysis

WELL Quarterly Cash Flow Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Cash from Operations (CFO)	2.953B	670.011M	654.329M	858.356M	770.034M	598.958M	559.212M	684.984M	605.419M
Net Income	1.408B	728.672M	96.441M	280.559M	301.888M	257.957M	119.971M	449.849M	254.714M
Depreciation & Amortization	2.271B	632.209M	606.878M	523.666M	508.346M	499.638M	484.615M	418.990M	397.065M
Stock-Based Compensation	1.558B	18.830M	1.508B	15.586M	15.257M	17.505M	13.358M	39.910M	10.350M
Change in Accounts Receivable	6.713B	0.00	2.373B	2.376B	1.964B	1.777B	1.712B	1.456B	1.486B
Change in Inventory	—	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—	—
Change in Working Capital	-393.670M	-248.906M	-157.839M	41.264M	-28.189M	-136.019M	-84.962M	62.059M	52.628M
Cash from Investing	—	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-410.584M	-388.305M	-7.476M	-6.150M	-8.653M	-11.520M	-14.160M	-15.668M	-14.478M
Acquisitions	-13.484B	-1.110B	-10.071B	-1.144B	-1.160B	-2.039B	-1.902B	-1.134B	-587.127M
Cash from Financing	—	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-1.966B	-520.497M	-509.618M	-496.918M	-439.057M	-432.366M	-418.229M	-408.768M	-366.094M
Free Cash Flow (FCF)	2.542B	281.706M	646.853M	852.206M	761.381M	587.438M	545.052M	669.316M	590.941M
Net Change in Cash	1.209B	-390.246M	-1.731B	2.417B	913.226M	-101.172M	-72.951M	920.810M	385.263M

WELL Annual Cash Flow Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Cash from Operations (CFO)	2.882B	2.256B	1.602B	1.329B	1.275B	1.365B	1.536B	1.584B
Net Income	936.845M	951.680M	340.094M	141.214M	336.138M	978.844M	1.232B	804.954M
Depreciation & Amortization	2.139B	1.680B	1.443B	1.337B	1.053B	1.050B	1.043B	970.067M
Stock-Based Compensation	1.557B	75.821M	37.199M	26.149M	17.812M	28.318M	25.047M	27.646M
Change in Accounts Receivable	2.373B	1.712B	1.524B	1.463B	1.169B	973.097M	1.224B	1.054B
Change in Inventory	—	—	—	—	—	—	—	—
Change in Accounts Payable	—	—	—	—	—	—	—	—
Change in Working Capital	-280.783M	-42.038M	-76.411M	-140.580M	-44.563M	-31.819M	-92.486M	76.591M
Cash from Investing	—	—	—	—	—	—	—	—
Capital Expenditures (CapEx)	-33.799M	-58.115M	-50.699M	-30.491M	-19.352M	-17.472M	-15.272M	-7.905M
Acquisitions	-14.414B	-3.790B	-3.902B	-2.808B	-4.480B	-1.315B	-4.239B	-3.697B
Cash from Financing	—	—	—	—	—	—	—	—
Debt Repayment	—	—	—	—	—	—	—	—
Stock Repurchased (Buybacks)	0.00	0.00	0.00	0.00	0.00	-7.656M	0.00	0.00
Dividends Paid	-1.878B	-1.545B	-1.261B	-1.132B	-1.036B	-1.119B	-1.401B	-1.349B
Free Cash Flow (FCF)	2.848B	2.198B	1.551B	1.298B	1.256B	1.347B	1.521B	1.576B
Net Change in Cash	1.498B	1.635B	1.354B	375.537M	-1.674B	1.635B	69.637M	6.826M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About Welltower Inc.

Welltower Inc. (NYSE:WELL), an S&P 500 company based in Toledo, Ohio, is a leader in reshaping healthcare infrastructure. This Real Estate Investment Trust (REIT) strategically collaborates with premier operators in seniors housing, post-acute care, and health systems. Their core mission is to finance the vital property assets required to expand innovative care delivery models, thereby enhancing overall public wellness and healthcare experiences. Welltower's portfolio encompasses a variety of properties, including seniors housing, post-acute communities, and outpatient medical facilities, all situated primarily within key, rapidly growing markets across the United States, Canada, and the United Kingdom.

Toledo, OH

685 employees

www.welltower.com

Real Estate / REIT - Healthcare Facilities

Sector: Real Estate
Industry: REIT - Healthcare Facilities
CEO: Shankh S. Mitra

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