# WELLTOWER INC. (WELL) FY2025 Q2 Statement of Cash Flows

- Company: WELLTOWER INC. (WELL)
- Period: 2025-04-01 to 2025-06-30
- Filing: Q2 FY2025 10-Q, filed 2025-07-29, accession number 0000766704-25-000029
- Page: https://plicit.ai/financials/well/fy2025-q2-cash-flow
- Chart image: https://plicit.ai/charts/well-fy2025-q2-cash-flow-sankey.png

## Chart details

Cash flows for Apr 1, 2025 through Jun 30, 2025. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2025. Ending cash: Jun 30, 2025. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

- **Beginning cash on Mar 31, 2025**: 3,610,285,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- **Operating activities**: 770,034,000 US dollars. Net cash provided.
- **Net income**: 304,618,000 US dollars
- **Depreciation and amortization**: 495,036,000 US dollars
- **Other amortization expenses**: 13,734,000 US dollars
- **Provision for loan losses, net**: negative 1,113,000 US dollars
- **Impairment of assets**: 19,876,000 US dollars
- **Stock-based compensation expense**: 15,257,000 US dollars
- **Loss (gain) on derivatives and financial instruments, net**: negative 409,000 US dollars
- **Loss (gain) on extinguishment of debt, net**: 0 US dollars
- **Loss (income) from unconsolidated entities**: 7,392,000 US dollars
- **Rental income less than (in excess of) cash received**: negative 48,754,000 US dollars
- **Amortization related to above (below) market leases, net**: negative 424,000 US dollars
- **Loss (gain) on real estate dispositions and acquisitions of controlling interests, net**: negative 14,850,000 US dollars
- **Proceeds from (payments on) interest rate swap settlements**: 0 US dollars
- **Distributions by unconsolidated entities**: 7,860,000 US dollars
- **Increase (decrease) in accrued expenses and other liabilities**: 16,030,000 US dollars
- **Decrease (increase) in receivables and other assets**: negative 44,219,000 US dollars
- **Investing activities**: negative 1,399,134,000 US dollars. Net cash used.
- **Cash disbursed for acquisitions, net of cash acquired**: negative 947,860,000 US dollars
- **Proceeds from sales of real property**: 93,146,000 US dollars
- **Capitalized interest**: negative 8,653,000 US dollars
- **Other investments, net of payments**: negative 6,027,000 US dollars
- **Cash disbursed for capital improvements to existing properties**: negative 232,879,000 US dollars
- **Net proceeds from net investment hedge settlements**: negative 40,030,000 US dollars
- **Distributions by unconsolidated entities**: 26,365,000 US dollars
- **Investment in loans receivable**: negative 20,572,000 US dollars
- **Cash disbursed for construction in progress**: negative 112,374,000 US dollars
- **Contributions to unconsolidated entities**: negative 211,917,000 US dollars
- **Principal collected on loans receivable**: 61,667,000 US dollars
- **Financing activities**: 1,418,496,000 US dollars. Net cash provided.
- **Net proceeds from issuance of senior unsecured notes**: 1,359,325,000 US dollars
- **Payments to extinguish senior unsecured notes**: negative 1,250,000,000 US dollars
- **Net proceeds from the issuance of secured debt**: 0 US dollars
- **Payments on secured debt**: negative 183,179,000 US dollars
- **Net proceeds from the issuance of common stock**: 1,975,018,000 US dollars
- **Payments for deferred financing costs and prepayment penalties**: negative 291,000 US dollars
- **Contributions by noncontrolling interests**: 5,551,000 US dollars
- **Distributions to noncontrolling interests**: negative 44,083,000 US dollars
- **Cash distributions to stockholders**: negative 439,057,000 US dollars
- **Net increase (decrease) under unsecured credit facility and commercial paper**: 0 US dollars
- **Other financing activities**: negative 4,788,000 US dollars
- **Operating adjustment reconciliation**: 575,185,000 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**: 3,339,894,000 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**: 1,580,312,000 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**: 123,830,000 US dollars
- **Ending cash on Jun 30, 2025**: 4,523,511,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- **Cash sources and uses**: 5,922,645,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- **Net cash change**: 913,226,000 US dollars. Ending cash minus beginning cash.
- **Cash flow / Net income**: 2.53×. 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 $465.42M 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.