Agree Realty Corp (ADC)
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Fiscal Year End Date: 12/31
(Values in U.S. thousands)
| 12-2023 | 12-2022 | 12-2021 | 12-2020 | 12-2019 | |
| Cash Flows From Operating Activities | |||||
| Net Income | 170,547 | 153,035 | 122,876 | 91,972 | 80,763 |
| Depreciation Amortization | 214,110 | 170,972 | 122,373 | 84,087 | 60,488 |
| Accounts receivable | -5,086 | 799 | -4,447 | -4,165 | -6,071 |
| Accounts payable and accrued liabilities | 10,384 | 15,048 | 10,827 | 2,216 | 606 |
| Other Working Capital | 5,419 | 20,738 | 3,149 | -3,452 | -7,615 |
| Other Operating Activity | -3,776 | 1,529 | -8,463 | -27,702 | -1,464 |
| Operating Cash Flow | $391,598 | $362,121 | $246,315 | $142,956 | $126,707 |
| Cash Flows From Investing Activities | |||||
| PPE Investments | -1,274,550 | -1,615,472 | -1,386,147 | -1,298,615 | -667,108 |
| Other Investing Activity | -447 | -503 | -468 | -1,227 | -411 |
| Investing Cash Flow | $-1,274,997 | $-1,615,975 | $-1,386,615 | $-1,299,842 | $-667,519 |
| Cash Flows From Financing Activities | |||||
| Debt Issued | 1,581,000 | 1,332,513 | 1,234,623 | 1,092,745 | 125,000 |
| Debt Repayment | -1,109,527 | -1,119,490 | -766,799 | -743,683 | 27,053 |
| Common Stock Issued | 689,896 | 1,257,823 | 744,847 | 896,118 | 472,746 |
| Common Stock Repurchased | -2,684 | -1,912 | -1,813 | -1,641 | -1,406 |
| Dividend Paid | -286,125 | -228,713 | -196,867 | -116,936 | -91,039 |
| Other Financing Activity | -3,546 | -2,708 | 163,604 | -3,919 | -3,360 |
| Financing Cash Flow | $869,014 | $1,237,513 | $1,177,595 | $1,122,684 | $528,994 |
| Beginning Cash Position | 28,909 | 45,250 | 7,955 | 42,157 | 53,975 |
| End Cash Position | 14,524 | 28,909 | 45,250 | 7,955 | 42,157 |
| Net Cash Flow | $-14,385 | $-16,341 | $37,295 | $-34,202 | $-11,818 |
| Free Cash Flow | |||||
| Operating Cash Flow | 391,598 | 362,121 | 246,315 | 142,956 | 126,707 |
| Capital Expenditure | -1,288,393 | -1,660,386 | -1,442,149 | -1,346,313 | -732,572 |
| Free Cash Flow | -896,795 | -1,298,265 | -1,195,834 | -1,203,357 | -605,865 |