Agree Realty Corporation (ADC) quarterly cash flow statement — complete operating, investing & financing history
Agree Realty Corporation (ADC) cash flow statement — 30-year operating, investing & financing cash flows
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 |
|---|
| Cash from Operations | 130.97M | 145.16M | 111.31M | 146.52M | 119.64M | 126.66M | 91.4M | 128.61M | 112.81M | 99.15M | 98.01M | 109.86M | 89.56M | 94.17M | 93.18M | 118.86M | 88.62M | 61.47M | 60.35M | 68.02M |
| Operating CF Growth % | 9.47% | 14.61% | 21.79% | 13.92% | 6.06% | 27.74% | -6.75% | 17.07% | 25.97% | 5.29% | 5.19% | -7.57% | 1.05% | 53.21% | 54.4% | 74.73% | 22.83% | 34.22% | 15.83% | 194.77% |
| Operating CF / Revenue % | 63.86% | 72.29% | 58.44% | 79.97% | 68.16% | 74.87% | 56.86% | 83.34% | 73.94% | 66.34% | 67.98% | 80.3% | 68.94% | 74.37% | 79.96% | 107.99% | 84.5% | 62.5% | 66.02% | 77.71% |
| Net Income | 54.81M | 62.23M | 56.21M | 52.28M | 49.35M | 47.15M | 45.38M | 44.53M | 54.91M | 45.01M | 46.1M | 41.66M | 41.02M | 41.77M | 41.04M | 39.58M | 36.13M | 36.29M | 33.31M | 36.83M |
| Depreciation & Amortization | 91.01M | 66.7M | 73.42M | 70.52M | 67.47M | 64.3M | 64.92M | 59.8M | 58.75M | 56.76M | 54.74M | 53.92M | 51.46M | 49.26M | 46.38M | 43.53M | 40.26M | 36.74M | 34.22M | 31.1M |
| Stock-Based Compensation | 3.77M | 3.53M | 3.3M | 3.31M | 3.26M | 3.13M | 2.81M | 2.78M | 2.79M | 2.42M | 2.16M | 2.17M | 2.18M | 1.83M | 1.57M | 1.51M | 1.74M | 1.64M | 1.32M | 507K |
| Other Non-Cash Items | -9.75M | 7.68M | -3.15M | -1M | 13M | 1.25M | -1.73M | -533K | -4.91M | 856K | -816K | 1.66M | -1M | -1.93M | -12.06M | 23.28M | 807K | -234K | 779K | 633K |
| Working Capital Changes | -8.87M | 5.01M | -18.46M | 21.41M | -13.44M | 10.83M | -19.98M | 22.04M | 1.27M | -5.9M | -4.17M | 10.45M | -4.1M | 3.23M | 16.25M | 10.96M | 9.68M | -12.96M | -9.43M | 2.42M |
| Cash from Investing | -482.83M | -430.17M | -373.01M | -444.31M | -344.96M | -380.86M | -348.34M | -234.98M | -180.11M | -121.97M | -191.3M | -420.33M | -332.27M | -331.11M | -432.43M | -361.99M | -382.76M | -438.79M | -317.42M | -334.18M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -433.29M | -381.82M | -398.88M | 0 | 0 | 0 |
| Sale of Investments | -10.06M | 10.06M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1.68M | 0 |
| Other Investing | -885.1M | -27.9M | -373.01M | -444.31M | -344.96M | -380.86M | -348.34M | -234.98M | -180.11M | -121.97M | -191.3M | -420.33M | -332.27M | -331.11M | 860K | 19.83M | 16.12M | -438.79M | -315.74M | -334.18M |
| Cash from Financing | 341.85M | 295.6M | 265.44M | 305.76M | 223.05M | 258.97M | 250.1M | 95.35M | 76.12M | 23.73M | 101.42M | 304.61M | 242.02M | 220.97M | 116.65M | 467.54M | 295.48M | 357.84M | 199.51M | 180.58M |
| Dividends Paid | -97.46M | -96.79M | -91.32M | -87.02M | -86.02M | -83.73M | -80.12M | -77.33M | -77.03M | -76.56M | -75.94M | -72.34M | -69.77M | -67.06M | -65.1M | -57.91M | -54.11M | -50.63M | -48.69M | -45.02M |
| Common Dividends | -95.6M | -94.93M | -89.46M | -85.16M | -84.16M | -81.87M | -78.26M | -75.47M | -75.17M | -74.7M | -74.08M | -70.48M | -67.91M | -65.2M | -63.24M | -56.05M | -52.25M | -48.77M | -48.69M | -45.02M |
| Debt Issuance (Net) | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -201K |
| Share Repurchases | -10K | -6.06M | -25K | -61K | -9K | -3.65M | -19K | -72K | -7K | -2.18M | -12K | -57K | -8K | -2.61M | -25K | -66K | -76K | -1.75M | -6K | -27K |
| Other Financing | -632K | 358.06M | -2.72M | -751K | -3.96M | -495K | -243K | -8.13M | -4.33M | -285K | -301K | 285.86M | -83K | -281K | -306K | -2.87M | -241K | -260K | -5.6M | 169.96M |
| Net Change in Cash | -10.02M | 10.58M | 3.74M | 7.97M | -2.26M | 4.77M | -6.84M | -11.02M | 8.82M | 910K | 8.14M | -5.86M | -693K | -15.97M | -222.6M | 224.41M | 1.34M | -19.48M | -57.56M | -85.57M |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash at Beginning | 31.2M | 20.62M | 16.88M | 8.91M | 11.17M | 6.4M | 13.24M | 24.25M | 15.43M | 14.52M | 6.39M | 12.25M | 12.94M | 28.91M | 251.51M | 27.11M | 25.77M | 45.25M | 102.81M | 188.38M |
| Cash at End | 21.19M | 31.2M | 20.62M | 16.88M | 8.91M | 11.17M | 6.4M | 13.24M | 24.25M | 15.43M | 14.52M | 6.39M | 12.25M | 12.94M | 28.91M | 251.51M | 27.11M | 25.77M | 45.25M | 102.81M |
| Free Cash Flow | 543.3M | -267.18M | 111.31M | 146.52M | 119.64M | 126.66M | 91.4M | 128.61M | 112.81M | 99.15M | 98.01M | 109.86M | 89.56M | 94.17M | 93.18M | 118.86M | 88.62M | 61.47M | 60.35M | 68.02M |
| FCF Growth % | 354.1% | -310.95% | 21.79% | 13.92% | 6.06% | 27.74% | -6.75% | 17.07% | 25.97% | 5.29% | 5.19% | -7.57% | 1.05% | 53.21% | 54.4% | 74.73% | 22.83% | 34.22% | 15.83% | 194.77% |
| FCF / Revenue % | 264.9% | -133.05% | 58.44% | 79.97% | 68.16% | 74.87% | 56.86% | 83.34% | 73.94% | 66.34% | 67.98% | 80.3% | 68.94% | 74.37% | 79.96% | 107.99% | 84.5% | 62.5% | 66.02% | 77.71% |