Four Corners Property Trust (FCPT) Cash Flow: Operating & Free Cash Flow

Four Corners Property Trust (FCPT) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Four Corners Property Trust generated $192.28M of operating cash flow and spent $325.50M on capital expenditures. That left free cash flow of −$133.22M. It returned $147.16M to shareholders through $143.98M in dividends and $3.18M in share buybacks.

Four Corners Property Trust Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Four Corners Property Trust, Inc. (FCPT) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	112.49	100.60	95.46	97.91	85.75	77.57	72.94	82.93	71.89
Depreciation & Amortization	59.60	54.51	50.73	41.47	34.83	29.43	26.31	22.35	21.81
Deferred Income Tax	-0.23	-0.20	-0.26	-0.13	-0.86	0.00	0.00	-13.97	-0.20
Stock Based Compensation	8.85	6.99	6.27	4.98	3.95	3.38	3.60	3.97	2.68
Change in Working Capital	5.67	-22.46	10.87	1.65	-5.30	-22.35	-0.39	-16.23	-9.00
Change in Accounts Receivable	0.00	0.00	0.00	0.00	-7.58	-8.59	-9.21	-9.29	-9.54
Change in Other Working Capital	5.67	-22.46	4.37	4.26	-5.30	-13.76	8.82	-16.23	-9.00
Other Operating Activities	4.85	4.47	4.37	4.26	3.19	3.43	2.21	1.83	-8.24
Net Cash from Operating Activities	192.28	144.11	165.11	142.00	122.42	91.46	104.67	80.88	78.95
Investing Activities
Capital Expenditures	-325.50	-273.02	-341.07	-296.27	-268.39	0.00	0.00	-247.05	-95.11
Acquisitions	0.00	0.00	0.00	0.00	0.00	-0.81	0.00	0.00	96.47
Purchases of Investments	0.00	0.00	0.00	0.00	-268.39	-230.53	0.00	-268.27	-97.42
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	3.34	0.00	0.00	21.14	15.65
Other Investing Activities	0.25	0.10	0.51	0.38	0.13	2.27	-207.35	0.08	-4.91
Net Cash from Investing Activities	-325.25	-272.92	-312.79	-270.90	-264.92	-229.07	-207.35	-247.05	-85.32
Financing Activities
Debt Repayment	70.00	-50.00	-129.00	-64.00	126.00	83.00	52.00	100.00	77.70
Common Stock Issued	225.23	215.91	153.40	141.83	116.51	151.75	47.23	161.86	32.15
Common Stock Repurchased	-3.18	-2.14	-2.26	-1.02	-3.03	0.00	0.00	-0.39	0.00
Dividends Paid	-143.98	-128.11	-119.72	-107.54	-96.90	-86.33	-78.49	-69.49	-58.70
Other Financing Activities	-7.04	-1.56	-3.51	-4.39	-4.83	-4.82	-6.22	-2.33	-6.95
Net Cash from Financing Activities	141.03	108.11	146.18	148.90	137.74	143.60	14.52	190.03	44.20
Summary
Effect of Forex Changes on Cash	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Change in Cash	8.06	-20.70	-1.51	20.00	-4.76	5.98	-88.16	23.87	37.82
Cash at Beginning of Period	4.08	24.78	26.30	6.30	11.06	5.08	93.24	69.37	26.64
Cash at End of Period	12.14	4.08	24.78	26.30	6.30	11.06	5.08	93.24	64.47
Free Cash Flow	-133.22	-128.91	165.11	142.00	-145.97	91.46	104.67	-166.16	-16.17
Supplemental Disclosures
Interest Paid	57.94	59.15	49.49	30.70	22.75	-	-	-	-
Income Taxes Paid	0.56	0.45	0.37	0.33	0.31	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Four Corners Property Trust Cash Flow

What is Four Corners Property Trust's free cash flow?

Four Corners Property Trust had negative free cash flow of $133.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $192.28M minus $325.50M of capital expenditures.

How much does Four Corners Property Trust spend on capital expenditures?

Four Corners Property Trust spent $325.50M on capital expenditures in fiscal 2025, compared with $273.02M a year earlier. That equals 169.3% of operating cash flow.

Does Four Corners Property Trust pay dividends or buy back shares?

Yes. In fiscal 2025 Four Corners Property Trust returned $143.98M in dividends and $3.18M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition