Please answer the following questions. (1-2 paragraphs for each question.
1.) Operating, Investing, and Financing Cash Flows: Have operating, investing, and financing cash flows over the last 3 years been positive for Realty Income Corporation?
2.) Is Realty Income Corporation growing? Consider changes in total assets, current assets, and long-term assets. What is the dividend payout ratio?
Attached is the Income Statement, Balance Sheet, and Statement of Cash Flows for the past 3 years.
12/31/2017 1,215,768 69,480 1,146,288 Income Statement for 2019, 2018, 2017 (All numbers in thousands) Breakdown TTM 12/31/2019 12/31/2018 Total Revenue 1,491,591 1,491,591 1,327,838 Cost of Revenue 88,585 88,585 66,326 Gross Profit 1,403,006 1,403,006 1,261,512 Operating Expenses Selling General and Administration 66,483 66,483 84,148 Total Operating Expenses 660,444 660,444 623,928 Operating Income or Loss 742,562 742,562 637,584 Interest Expense 274,951 274,951 257,268 Total Other Income/Expense Net -10,687 -10,687 1,107 Income Before Tax 443,636 443,636 369,938 Income Tax Expense 6,158 6,158 5,340 Income from Continuing Operations 437,478 437,478 364,598 Net Income 436,482 436,482 363,614 Net Income-Common Shareholders 436,482 436,482 363,614 Basic EPS 1.26 Diluted EPS 1.26 Basic Average Shares 288,583 Diluted Average Shares 288,583 EBITDA 1,312,548 1,166,986 58,446 557,234 589,054 236,548 -15,286 325,362 6,044 319,318 318,798 301,514 1.10 1.10 274,104 274,104 ,060,698 1 Note: Data from Realty Income Corporation (O) Income Statement (2020, April 26), Retrieved from https://finance.yahoo.com/quote/o/financials?p=0 Styles El Editing | Voice Sensitivity Editor Breakdown 12/31/2019 12/31/2018 12/31/2017 Assets Current Assets Cash 6.89 6.898 54,011 54,011 181,969 455,500 119.535 144.991 187,987 157,434 14,970 1.194930 157,434,000 14,430 1,493,383 22,587 18,099,296 18.554.796 14,630 1 199,597 17,089 15,072,496 15,260,483 10,754 13,894,845 14,058, 166 Cash and Cash Equivalents Total Cash Net Receivables Total Current Assets Non-Current Assets Property, plant, and Equipment Gross Property, plant, and Equipment Accumulated Depreciation Net Property, plant, and Equipment Goodwill Intangible Assets Other long-term assets Total non-current assets Total Assets Liabilities and stockholders' equity abilities Current Liabilities Current Debt Accounts Payable Accrued liabilities Other Current Liabilities Total Current Liabilities NON-Current Liabilities Long Term Debt Deferred revenues Other long-term liabilities Total Non-current liabilities Total Liabilities Stockholders' Equity Common Stock Retained Earnings Accumulated other comprehensive income Total stockholders' equity Total liabilities and stockholders' equity 177,039 118,620 109,523 97,805 227.403 170322 7. DO 1547 6,499.976 6.111.471 12 115,380 316,959 5.937,953 105,284 275.055 339.400 3.523230 3.750 638 39,505 6.667.458 10.254.45 9.624.264 -8,098 5.038.742 15,260,489 Paragraph Styles WIZUD, ZULO, ZULTATISTICS TTM 12/31/2019 12/31/2018 12/31/2017 436,482 593,961 13,662 15,102 -8,954 436,482 593,961 13,662 15,102 -8,954 363,614 539,780 27,267 11,794 -6,901 318,798 498,788 13,946 26,004 -92 1,068,937 -1,953 1,068,937 1,068,937 -1,953 1,068,937 940,742 -1,590 940,742 875,850 4,765 875,850 - 200 -7,500 Breakdown Cash flows from operating activities Net Income Depreciation and amortization Stock based compensation Change in working capital Account receivable Accounts payable Other working capital Other non-cash items Net cash provided by operating activities Cash flows from investing activities Investment in property, plant and equip. Acquisitions, net Purchase of investments Sales/Maturities of investments Other investing activities Net cash used for investing activities Cash flows from financing activities Debt repayment Common stock issued Common stock repurchased Dividends Paid Other financing activities Net cash used privided by (used for) financing activities Net change in cash Cash at beginning of period Cash at end of period Free cash flow Operating Cash Flow Capital Expenditure Free Cash Flow -14,603 -3,501,809 -14,603 -3,501,809 12,915 -1,639,684 14,534 -1,254,507 -2,456,091 2,109,579 -21,123 -852,134 -1,925 -2,456,091 2,109,579 -21,123 -852,134 -1,925 -2,129,771 1,125,364 -2,752 -761,582 -44,888 -3,381,368 1,326,635 -408,750 -695,462 36,022 2,492,602 49,934 21,071 71,005 2,492,602 49,934 21,071 707,871 8,929 12,142 21,071 375,118 -3,539 15,681 12,142 71,005 1,068,937 1,068,937 940,742 875,850 1,068,937 1,068,937 940,742 875,850
