Ventas, Inc. (VTR) FY2024 YTD Q3 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2024-01-01 to 2024-09-30

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Ventas, Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $29,624,000.00Depreciation and amortization → Operating adjustments reconciliation: $944,371,000.00Increase in accounts payable and other liabilities → Operating adjustments reconciliation: $134,295,000.00Stock-based compensation → Operating adjustments reconciliation: $26,344,000.00Other non-cash amortization → Operating adjustments reconciliation: $22,347,000.00Distributions from unconsolidated entities → Operating adjustments reconciliation: $13,639,000.00Loss (gain) from unconsolidated entities → Operating adjustments reconciliation: $5,406,000.00Income tax expense (benefit) → Operating adjustments reconciliation: $2,535,000.00Other → Operating adjustments reconciliation: $681,000.00Loss (gain) on extinguishment of debt, net → Operating adjustments reconciliation: $672,000.00Operating adjustments reconciliation → Net cash from operating activities: $926,360,000.00Operating adjustments reconciliation → Increase in other assets: $122,404,000.00Operating adjustments reconciliation → Gain on real estate dispositions: $50,282,000.00Operating adjustments reconciliation → Amortization of deferred revenue and lease intangibles, net: $41,194,000.00Operating adjustments reconciliation → Straight-lining of rental income: $6,469,000.00Operating adjustments reconciliation → (Decrease) increase in accrued interest: $3,415,000.00Operating adjustments reconciliation → Recovery of allowance on loans receivable and investments, net: $166,000.00Proceeds from debt → financing reconciliation: $1,805,446,000.00Issuance of common stock, net → financing reconciliation: $850,561,000.00Proceeds from stock option exercises → financing reconciliation: $10,483,000.00Contributions from noncontrolling interests → financing reconciliation: $3,646,000.00financing reconciliation → Net cash from financing activities: $489,019,000.00financing reconciliation → Repayment of debt: $1,539,869,000.00financing reconciliation → Cash distribution to common stockholders: $551,369,000.00financing reconciliation → Payment of deferred financing costs: $34,684,000.00financing reconciliation → Other: $17,208,000.00financing reconciliation → Distributions to noncontrolling interests: $14,140,000.00financing reconciliation → Purchase of noncontrolling interests: $11,064,000.00financing reconciliation → Net change in borrowings under revolving credit facilities: $6,151,000.00financing reconciliation → Cash distribution to redeemable OP unitholders: $4,545,000.00financing reconciliation → Cash issued for redemption of OP Units: $2,087,000.00Net cash used in investing activities → investing reconciliation: $840,875,000.00Proceeds from real estate disposals → investing reconciliation: $275,396,000.00Proceeds from loans receivable → investing reconciliation: $6,496,000.00Insurance proceeds for property damage claims → investing reconciliation: $3,523,000.00Distributions from unconsolidated entities → investing reconciliation: $2,555,000.00investing reconciliation → Net investment in real estate property: $519,048,000.00investing reconciliation → Development project expenditures: $239,564,000.00investing reconciliation → Capital expenditures: $194,035,000.00investing reconciliation → Investment in loans receivable: $120,695,000.00investing reconciliation → Investment in unconsolidated entities: $55,503,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $563,462,000.00Net cash from operating activities → Cash sources and uses: $955,984,000.00Net cash from financing activities → Cash sources and uses: $489,019,000.00Cash sources and uses → Exchange-rate effect: $1,893,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $1,165,697,000.00Cash sources and uses → Net cash used in investing activities: $840,875,000.00Increase in accounts payable and other liabilities: $134,295,000.00Payables & accrued liabilities+$134.30 MOther non-cash amortization: $22,347,000.00Deferred charges amortization+$22.35 MRecovery of allowance on loans receivable and investments, net: -$166,000.00Loan & lease loss provision−$166.00 KLoss (gain) from unconsolidated entities: $5,406,000.00Unconsolidated entity results+$5.41 MNet income: $29,624,000.00Net income+$29.62 MLoss (gain) on extinguishment of debt, net: $672,000.00Debt extinguishment gain & loss+$672.00 K(Decrease) increase in accrued interest: -$3,415,000.00Accrued interest−$3.42 MGain on real estate dispositions: -$50,282,000.00Gain on real estate dispositions−$50.28 MDistributions from unconsolidated entities: $13,639,000.00Equity-method distributions+$13.64 MStock-based compensation: $26,344,000.00Stock-based compensation+$26.34 MDepreciation and amortization: $944,371,000.00Other D&A+$944.37 MIncrease in other assets: -$122,404,000.00Other operating assets−$122.40 MOther: $681,000.00Other non-cash items+$681.00 KStraight-lining of rental income: -$6,469,000.00Straight-line rents−$6.47 MIncome tax expense (benefit): $2,535,000.00Income tax expense (benefit)+$2.54 MAmortization of deferred revenue and lease intangibles, net: -$41,194,000.00Deferred revenue & lease amort.−$41.19 MGain on foreclosure of real estate: $0.00Net cash from operating activities: $955,984,000.00Operating cash+$955.98 MOperating adjustments reconciliation: $1,150,290,000.00Cash issued for redemption of OP Units: -$2,087,000.00Other equity repurchased−$2.09 MContributions from noncontrolling interests: $3,646,000.00From noncontrolling interests+$3.65 MNet change in borrowings under commercial paper program: $0.00Purchase of noncontrolling interests: -$11,064,000.00Purchase of noncontrolling interests−$11.06 MProceeds from stock option exercises: $10,483,000.00Stock option exercises+$10.48 MOther: -$17,208,000.00Other financing, net−$17.21 MRepayment of debt: -$1,539,869,000.00Other debt repaid−$1.54 BCash distribution to common stockholders: -$551,369,000.00Common dividends paid−$551.37 MCash distribution to redeemable OP unitholders: -$4,545,000.00Redeemable OP unit distributions−$4.55 MNet change in borrowings under revolving credit facilities: -$6,151,000.00Credit lines, net−$6.15 MPayment of deferred financing costs: -$34,684,000.00Financing costs paid−$34.68 MDistributions to noncontrolling interests: -$14,140,000.00Paid to noncontrolling interests−$14.14 MProceeds from debt: $1,805,446,000.00Debt issued+$1.81 BIssuance of common stock, net: $850,561,000.00Common stock issued+$850.56 MNet cash from financing activities: $489,019,000.00Financing cash+$489.02 Mfinancing reconciliation: $2,670,136,000.00Development project expenditures: -$239,564,000.00Real estate development−$239.56 MProceeds from real estate disposals: $275,396,000.00Real estate sales+$275.40 MNet investment in real estate property: -$519,048,000.00Property purchases−$519.05 MNet cash assumed in foreclosure of real estate: $0.00Insurance proceeds for property damage claims: $3,523,000.00Insurance proceeds+$3.52 MCapital expenditures: -$194,035,000.00Other capital spending−$194.04 MProceeds from loans receivable: $6,496,000.00Loan sales & repayments+$6.50 MInvestment in unconsolidated entities: -$55,503,000.00Equity-method investments made−$55.50 MProceeds from sale of interest in unconsolidated entities: $0.00Distributions from unconsolidated entities: $2,555,000.00Equity-method return of capital+$2.56 MInvestment in loans receivable: -$120,695,000.00Loans made−$120.70 MNet cash used in investing activities: -$840,875,000.00. Cash required to fund net payments.Investing cash−$840.88 Minvesting reconciliation: $1,128,845,000.00Cash sources and uses: $2,008,465,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $563,462,000.00Beginning cash$563.46 MEnding cash: Cash, cash equivalents, and restricted cash: $1,165,697,000.00Ending cash$1.17 BExchange-rate effect: -$1,893,000.00FX effect−$1.89 MCASH RECONCILIATIONOperatingflowsFinancingflowsInvestingflowsFree cash flowNot availableCash flow / Net income32.27×Operating cash flow ÷ net incomeNet cash change+$602.24 MEnding cash − beginning cash
Chart details

Ventas, Inc. cash flow reconciliation, Jan 1, 2024 through Sep 30, 2024

Cash flows for Jan 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2023. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Dec 31, 2023
563,462,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
955,984,000 US dollars. Net cash provided.
Increase in accounts payable and other liabilities
134,295,000 US dollars
Other non-cash amortization
22,347,000 US dollars
Recovery of allowance on loans receivable and investments, net
negative 166,000 US dollars
Loss (gain) from unconsolidated entities
5,406,000 US dollars
Net income
29,624,000 US dollars
Loss (gain) on extinguishment of debt, net
672,000 US dollars
(Decrease) increase in accrued interest
negative 3,415,000 US dollars
Gain on real estate dispositions
negative 50,282,000 US dollars
Distributions from unconsolidated entities
13,639,000 US dollars
Stock-based compensation
26,344,000 US dollars
Depreciation and amortization
944,371,000 US dollars
Increase in other assets
negative 122,404,000 US dollars
Other
681,000 US dollars
Straight-lining of rental income
negative 6,469,000 US dollars
Income tax expense (benefit)
2,535,000 US dollars
Amortization of deferred revenue and lease intangibles, net
negative 41,194,000 US dollars
Gain on foreclosure of real estate
0 US dollars
Investing activities
negative 840,875,000 US dollars. Net cash used.
Development project expenditures
negative 239,564,000 US dollars
Proceeds from real estate disposals
275,396,000 US dollars
Net investment in real estate property
negative 519,048,000 US dollars
Net cash assumed in foreclosure of real estate
0 US dollars
Insurance proceeds for property damage claims
3,523,000 US dollars
Capital expenditures
negative 194,035,000 US dollars
Proceeds from loans receivable
6,496,000 US dollars
Investment in unconsolidated entities
negative 55,503,000 US dollars
Proceeds from sale of interest in unconsolidated entities
0 US dollars
Distributions from unconsolidated entities
2,555,000 US dollars
Investment in loans receivable
negative 120,695,000 US dollars
Financing activities
489,019,000 US dollars. Net cash provided.
Cash issued for redemption of OP Units
negative 2,087,000 US dollars
Contributions from noncontrolling interests
3,646,000 US dollars
Net change in borrowings under commercial paper program
0 US dollars
Purchase of noncontrolling interests
negative 11,064,000 US dollars
Proceeds from stock option exercises
10,483,000 US dollars
Other
negative 17,208,000 US dollars
Repayment of debt
negative 1,539,869,000 US dollars
Cash distribution to common stockholders
negative 551,369,000 US dollars
Cash distribution to redeemable OP unitholders
negative 4,545,000 US dollars
Net change in borrowings under revolving credit facilities
negative 6,151,000 US dollars
Payment of deferred financing costs
negative 34,684,000 US dollars
Distributions to noncontrolling interests
negative 14,140,000 US dollars
Proceeds from debt
1,805,446,000 US dollars
Issuance of common stock, net
850,561,000 US dollars
Operating adjustment reconciliation
1,150,290,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
financing gross reconciliation
2,670,136,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
investing gross reconciliation
1,128,845,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
Exchange-rate effect
negative 1,893,000 US dollars
Ending cash on Sep 30, 2024
1,165,697,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
2,008,465,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
602,235,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
32.27×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.

Chart connections

  • Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
  • Financing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Investing contributions meet at a reconciliation junction before connecting to the net cash total.
  • Operating reconciliation adjustments are not all independent cash receipts.
  • Net income enters operating cash directly in the reconciliation. The adjustment junction contributes the remaining $926.36M after reconciling the other positive and negative adjustments. These connections depict an accounting reconciliation, not traced cash receipts.
  • Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
  • The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
Ventas, Inc. (VTR) FY2024 YTD Q3 Statement of Cash Flows Sankey chart
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