WELLTOWER INC. (WELL) FY2026 Q1 Statement of Cash Flows
2026-01-01 to 2026-03-31
Statement of Cash Flows
2026-01-01 to 2026-03-31
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WELLTOWER INC. cash flow reconciliation, Jan 1, 2026 through Mar 31, 2026
Cash flows for Jan 1, 2026 through Mar 31, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Dec 31, 2025. Ending cash: Mar 31, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Dec 31, 2025
- 5,209,539,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 670,011,000 US dollars. Net cash provided.
- Net income
- 752,324,000 US dollars
- Depreciation and amortization
- 622,752,000 US dollars
- Other amortization expenses
- 9,670,000 US dollars
- Provision for loan losses, net
- 1,632,000 US dollars
- Impairment of assets
- 4,826,000 US dollars
- Stock-based compensation expense
- 18,830,000 US dollars
- Loss (gain) on derivatives and financial instruments, net
- 0 US dollars
- Loss (gain) on extinguishment of debt, net
- 727,000 US dollars
- Loss (income) from unconsolidated entities
- 1,686,000 US dollars
- Rental income less than (in excess of) cash received
- negative 75,976,000 US dollars
- Amortization related to above (below) market leases, net
- negative 213,000 US dollars
- Loss (gain) on real estate dispositions and acquisitions of controlling interests, net
- negative 420,400,000 US dollars
- Distributions by unconsolidated entities
- 3,059,000 US dollars
- Increase (decrease) in accrued expenses and other liabilities
- negative 192,334,000 US dollars
- Decrease (increase) in receivables and other assets
- negative 56,572,000 US dollars
- Investing activities
- negative 807,186,000 US dollars. Net cash used.
- Cash disbursed for acquisitions, net of cash acquired
- negative 1,109,949,000 US dollars
- Proceeds from sales of real property
- 1,717,876,000 US dollars
- Capitalized interest
- negative 8,449,000 US dollars
- Other investments, net of payments
- negative 4,171,000 US dollars
- Cash disbursed for capital improvements to existing properties
- negative 269,832,000 US dollars
- Net proceeds from net investment hedge settlements
- negative 47,215,000 US dollars
- Distributions by unconsolidated entities
- 45,395,000 US dollars
- Investment in loans receivable
- negative 1,382,728,000 US dollars
- Cash disbursed for construction in progress
- negative 104,772,000 US dollars
- Contributions to unconsolidated entities
- negative 381,267,000 US dollars
- Principal collected on loans receivable
- 737,926,000 US dollars
- Financing activities
- negative 199,539,000 US dollars. Net cash used.
- Net proceeds from issuance of senior unsecured notes
- 19,775,000 US dollars
- Payments to extinguish senior unsecured notes
- negative 1,183,406,000 US dollars
- Payments on secured debt
- negative 20,630,000 US dollars
- Net proceeds from the issuance of common stock
- 1,544,848,000 US dollars
- Payments for deferred financing costs and prepayment penalties
- negative 15,421,000 US dollars
- Contributions by noncontrolling interests
- 20,413,000 US dollars
- Distributions to noncontrolling interests
- negative 34,973,000 US dollars
- Cash distributions to stockholders
- negative 520,497,000 US dollars
- Other financing activities
- negative 9,648,000 US dollars
- Operating adjustment reconciliation
- 745,495,000 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
- 1,784,575,000 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
- 3,308,383,000 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 53,532,000 US dollars
- Ending cash on Mar 31, 2026
- 4,819,293,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 5,879,550,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- negative 390,246,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.89×. 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 exceeds operating cash. The diagram allocates $670.01M of net income directly to operating cash and $82.31M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of 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.
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