LTC Properties (LTC) Cash Flow: Operating & Free Cash Flow

LTC Properties 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 LTC Properties, Inc. (LTC) - 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	123.88	94.88	91.46	100.58	55.86	95.68	80.14	155.08	87.34
Depreciation & Amortization	37.87	36.37	37.42	37.50	40.03	39.07	39.48	37.56	37.61
Deferred Income Tax	0.18	0.00	0.00	0.00	0.00	-39.39	0.00	-71.09	-3.51
Stock Based Compensation	9.33	9.05	8.48	7.96	7.76	7.01	0.00	5.87	5.25
Change in Working Capital	-9.29	-13.47	-14.81	-3.99	-5.11	-8.95	-6.80	-3.74	-14.79
Change in Accounts Receivable	-9.74	0.00	0.00	-7.17	-6.78	-6.16	-5.85	-5.68	-5.37
Change in Other Working Capital	-10.00	-12.00	1.17	3.19	1.67	-2.79	-0.95	-3.74	-14.79
Other Operating Activities	-26.00	-1.66	1.17	-36.47	-7.35	22.68	8.99	-8.14	-6.60
Net Cash from Operating Activities	135.98	125.88	104.49	105.59	91.18	116.10	121.80	115.54	105.31
Investing Activities
Capital Expenditures	-361.86	-13.99	0.00	-8.99	0.00	-0.35	-2.84	-1.25	-0.91
Acquisitions	-1.26	0.00	0.00	0.05	0.00	9.33	0.97	-0.67	-3.85
Purchases of Investments	0.00	0.00	0.00	-191.59	0.00	-45.13	-100.72	-97.85	-121.51
Sales/Maturities of Investments	0.00	0.00	0.00	80.64	0.00	96.33	25.18	98.73	33.30
Other Investing Activities	-34.79	65.81	-174.91	-0.05	-69.79	-16.24	0.00	-1.69	-87.26
Net Cash from Investing Activities	-269.94	90.68	-174.91	-119.95	-69.79	43.93	-77.42	-3.61	-92.01
Financing Activities
Debt Repayment	-149.50	-49.16	-49.16	45.94	73.84	-44.16	48.23	-22.67	58.23
Common Stock Issued	100.56	83.11	53.78	68.16	0.00	0.00	0.12	1.01	14.58
Common Stock Repurchased	-5.21	-1.53	0.00	0.00	-3.57	-18.01	0.00	0.00	0.00
Dividends Paid	-107.39	-100.53	-94.76	-91.51	-90.49	-90.26	-90.90	-90.37	-90.22
Other Financing Activities	-13.23	-2.94	-1.78	-3.01	-3.78	-4.07	-2.36	-0.34	1.34
Net Cash from Financing Activities	138.94	-227.43	80.33	19.58	-24.01	-156.50	-44.91	-112.38	-16.07
Summary
Net Change in Cash	4.97	-10.87	9.91	5.22	-2.61	3.53	-0.52	-0.45	-2.78
Cash at Beginning of Period	9.41	20.29	10.38	5.16	7.77	4.24	4.76	5.21	7.99
Cash at End of Period	14.39	9.41	20.29	10.38	5.16	7.77	4.24	4.76	5.21
Free Cash Flow	-225.88	111.88	104.49	96.59	91.18	115.75	118.96	114.29	104.40
Supplemental Disclosures
Interest Paid	-	40.05	47.18	28.81	26.72	29.44	-	-	-

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

Frequently Asked Questions About LTC Properties Cash Flow

What is LTC Properties's free cash flow?

LTC Properties had negative free cash flow of $225.88M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $135.98M minus $361.86M of capital expenditures.

How much does LTC Properties spend on capital expenditures?

LTC Properties spent $361.86M on capital expenditures in fiscal 2025, compared with $13.99M a year earlier. That equals 266.1% of operating cash flow.

Does LTC Properties pay dividends or buy back shares?

Yes. In fiscal 2025 LTC Properties returned $107.39M in dividends and $5.21M 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