Agree Realty
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of Agree Realty generated cash of $391,598,000, which is more than the previous year. Cash used in financing activities reached the amount of $869,014,000 last year. Net change in cash is therefore -$14,385,000.
Cash Flow
| 2014 | 35.09M | -147.69M | 103.46M |
|---|---|---|---|
| 2015 | 44.68M | -202.77M | 155.40M |
| 2016 | 61.73M | -297.55M | 266.50M |
| 2017 | 82.20M | -327.07M | 262.28M |
| 2018 | 93.24M | -568.11M | 470.06M |
| 2019 | 126.70M | -667.51M | 528.99M |
| 2020 | 142.95M | -1.29B | 1.12B |
| 2021 | 246.31M | -1.38B | 1.17B |
| 2022 | 362.12M | -1.61B | 1.23B |
| 2023 | 391.59M | -1.27B | 869.01M |
ADC Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 28.90M | 45.25M | 7.95M | 42.15M | 53.97M | 58.78M | 33.39M | 2.71M | 5.39M | 14.53M |
Operating activities | ||||||||||
Net income | 170.54M | 153.03M | 122.87M | 91.97M | 80.76M | 58.79M | 58.79M | 45.79M | 39.76M | 18.91M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 209.37M | 166.90M | 120.01M | 82.64M | 59.20M | 43.69M | 31.75M | 23.40M | 16.48M | 12.05M |
Stock-based compensation expense | 8.33M | 6.46M | 4.79M | 4.70M | 4.10M | 2.94M | 2.39M | 2.25M | 1.99M | 1.98M |
| Deferred income tax benefit | 8.33M | 6.46M | 4.79M | 4.70M | 4.10M | 2.94M | 2.39M | 2.25M | 1.99M | 1.98M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | -5.08M | 799K | -16.30M | -11.98M | -6.07M | -6.85M | -4.21M | -4.11M | -2.91M | -1.24M |
Inventories | 0 | 0 | -606K | -2.21M | -606K | 904K | 1.64M | 1.13M | 43.98K | 596.72K |
Accounts payable | 10.38M | 15.04M | 606K | 2.21M | 606K | -1.26M | 5.26M | 1.98M | 1.04M | -167.26K |
Cash generated by operating activities | 391.59M | 362.12M | 246.31M | 142.95M | 126.70M | 93.24M | 82.20M | 61.73M | 44.68M | 35.09M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | -1.66B | -1.44B | -1.34B | -732.57M | -632.61M | -370.84M | -325.78M | -230.84M | 0 |
Investments In Property Plant And Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -66K | 0 |
Acquisitions Net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash generated by investing activities | -1.27B | -1.61B | -1.38B | -1.29B | -667.51M | -568.11M | -327.07M | -297.55M | -202.77M | -147.69M |
Financing activities | ||||||||||
Common Stock Issued | 689.89M | 1.25B | 915.15M | 896.11M | 472.74M | 339.74M | 222.69M | 0 | 92.26M | 73.30M |
Payments for dividends | -285.11M | -227.74M | -195.82M | -116.11M | -90.25M | -67.63M | -55.14M | -42.05M | -32.99M | -25.40M |
Repurchases of common stock | -2.68M | -1.91M | -1.81M | -1.64M | -1.40M | -1.14M | -1.11M | -712K | 0 | 213.62M |
Repayments of term debt | 471.47M | 213.02M | -467.82M | -3.68M | 152.05M | -386.33M | 96.84M | 84.46M | 97.82M | -155.88M |
Cash used in financing activities | 869.01M | 1.23B | 1.17B | 1.12B | 528.99M | 470.06M | 262.28M | 266.50M | 155.40M | 103.46M |
Net Change In Cash | -14.38M | -16.34M | 37.29M | -34.20M | -11.81M | -4.80M | 17.41M | 30.68M | -2.68M | -9.13M |
Cash at end of period | 14.52M | 28.90M | 45.25M | 7.95M | 42.15M | 53.97M | 50.80M | 33.39M | 2.71M | 5.39M |
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