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National Health Investors Inc cash flow statement

In fiscal 2025, National Health Investors Inc's operations generated $237m of cash; it spent $294m on capital projects, leaving free cash flow of −$57.5m. It returned $170m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations69787786104126164177198208241232211185184208237249
Depreciation and amortisation—————38536067717783817170718191
Stock-based pay123222223245595467
Capital spending—99761116555331243951761482371175011501582940
Free cash flow—−211−24−550−40740−2182260411516117413550−57249
Free cash flow after stock pay—−24−2−27−553−40938−2202058011015516613046−63242
Dividends paid6567687985101125138153165180195183162156157170176
Share buybacks00—————————0015200——
Shares issued——00283271491041228296354800142182103

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from National Health Investors Inc's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to National Health Investors Inc.