National Retail Properties (NNN) Financial Statements

Price: $40.96
Market Cap: $7.70B
Avg Volume: 1.53M
Country: US
Industry: REIT - Retail
Sector: Real Estate
Beta: 0.834
52W Range: $35.8-49.57
Website: National Retail Properties

Overview of Financial Statements

Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:

  • Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
  • Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
  • Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.

This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of National Retail Properties.


Income Statement

Revenue
Cost of Revenue
Revenue and Costs$1.00B$1.00B$800.00M$800.00M$600.00M$600.00M$400.00M$400.00M$200.00M$200.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Operating Expenses
Operating Income
Operating Expenses & Income$600.00M$600.00M$500.00M$500.00M$400.00M$400.00M$300.00M$300.00M$200.00M$200.00M$100.00M$100.00M$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Revenue $869.27M $828.11M $773.05M $726.41M $660.68M $670.49M $622.66M $584.93M $533.65M $482.91M
Cost of Revenue $32.32M $28.38M $26.28M $28.39M $28.36M $27.66M $25.10M $23.11M $20.85M $19.77M
Gross Profit $836.95M $799.73M $746.77M $698.02M $632.32M $642.83M $597.56M $561.83M $512.79M $463.14M
Gross Profit Ratio 96.28% 96.57% 96.60% 96.09% 95.71% 95.88% 95.97% 96.05% 96.09% 95.91%
Research and Development Expenses $- $- $0 $0 $0 $0 $0 $0 $0 $-
General and Administrative Expenses $44.29M $43.75M $49.53M $44.84M $38.24M $37.91M $34.25M $33.80M $36.51M $34.74M
Selling and Marketing Expenses $- $- $- $- $- $- $- $- $- $-
Selling General and Administrative Expenses $44.29M $43.75M $49.53M $44.84M $38.24M $37.91M $34.25M $33.80M $36.51M $34.74M
Other Expenses $214.79M $200.88M $223.83M $205.22M $196.62M $188.87M $174.40M $173.72M $149.10M $134.80M
Operating Expenses $259.08M $244.63M $273.37M $250.06M $234.86M $226.78M $208.65M $207.53M $185.61M $169.53M
Cost and Expenses $291.39M $273.01M $299.65M $278.45M $263.22M $254.44M $233.75M $230.63M $206.46M $189.31M
Interest Income $2.98M $1.13M $149.00K $216.00K $417.00K $3.11M $1.81M $322.00K $170.00K $109.00K
Interest Expense $184.02M $163.90M $148.06M $137.87M $129.43M $120.02M $115.85M $109.11M $96.35M $90.01M
Depreciation and Amortization $249.68M $238.62M $299.65M $278.45M $264.99M $254.18M $234.76M $238.47M $213.29M $134.80M
EBITDA $830.53M $793.73M $706.37M $654.32M $571.11M $605.65M $562.30M $520.18M $469.46M $427.87M
EBITDA Ratio 95.54% 95.85% 91.37% 90.08% 86.44% 90.33% 90.31% 88.93% 87.97% 88.60%
Operating Income $577.87M $555.10M $482.54M $449.10M $374.49M $416.78M $424.76M $337.50M $309.07M $288.65M
Operating Income Ratio 66.48% 67.03% 62.42% 61.82% 56.68% 62.16% 68.22% 57.70% 57.92% 59.77%
Total Other Income Expenses Net $-181.04M $-162.76M $-147.92M $-158.99M $-145.69M $-116.91M $-132.28M $-145.44M $-123.93M $-90.83M
Income Before Tax $396.83M $392.34M $334.62M $290.11M $228.80M $299.61M $292.49M $228.72M $212.32M $197.83M
Income Before Tax Ratio 45.65% 47.38% 43.29% 39.94% 34.63% 44.69% 46.97% 39.10% 39.79% 40.97%
Income Tax Expense $- $- $147.91M $137.87M $129.43M $120.45M $-16.43M $36.66M $27.18M $10.32M
Net Income $396.83M $392.34M $186.71M $152.24M $99.37M $179.16M $292.45M $264.97M $239.50M $197.84M
Net Income Ratio 45.65% 47.38% 24.15% 20.96% 15.04% 26.72% 46.97% 45.30% 44.88% 40.97%
EPS $2.16 $2.16 $1.07 $0.87 $0.58 $1.09 $1.88 $1.45 $1.39 $1.21
EPS Diluted $2.15 $2.16 $1.07 $0.87 $0.58 $1.09 $1.87 $1.45 $1.38 $1.20
Weighted Average Shares Outstanding 183.69M 181.20M 174.74M 174.71M 172.11M 164.69M 155.74M 149.11M 144.18M 134.00M
Weighted Average Shares Outstanding Diluted 184.04M 181.69M 174.74M 174.82M 172.22M 165.08M 156.30M 149.43M 144.66M 134.49M
SEC Filing Source Source Source Source Source Source Source Source Source Source

Balance Sheet

Total Assets
Total Liabilities
Total Assets and Liabilities$10.00B$10.00B$8.00B$8.00B$6.00B$6.00B$4.00B$4.00B$2.00B$2.00B$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Equity$10.00B$10.00B$8.00B$8.00B$6.00B$6.00B$4.00B$4.00B$2.00B$2.00B$0.00$0.0020162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Cash and Cash Equivalents $8.73M $1.19M $2.50M $171.32M $267.24M $1.11M $114.27M $1.36M $294.54M $14.26M
Short Term Investments $- $- $- $- $- $- $- $- $36.00K $11.12M
Cash and Short Term Investments $8.73M $1.19M $2.50M $171.32M $267.24M $1.11M $114.27M $1.36M $294.58M $25.38M
Net Receivables $36.98M $38.26M $31.41M $35.10M $58.30M $31.77M $29.18M $30.23M $28.52M $43.39M
Inventory $- $- $4.27M $5.56M $5.67M $7.01M $13.61M $4.08M $23.85M $32.67M
Other Current Assets $9.57M $11.78M $10.41M $13.00M $7.59M $12.74M $26.00M $34.75M $28.80M $62.13M
Total Current Assets $55.28M $51.23M $43.54M $219.42M $333.12M $42.68M $161.14M $41.06M $350.91M $99.61M
Property Plant Equipment Net $- $- $8.02B $7.44B $6.68M $7.47M $6.85B $6.40B $5.88B $5.23B
Goodwill $- $- $- $- $- $- $- $- $- $-
Intangible Assets $44.33M $40.69M $61.65M $67.50M $69.54M $76.42M $50.01M $50.87M $64.88M $72.24M
Goodwill and Intangible Assets $44.33M $40.69M $61.65M $67.50M $69.54M $76.42M $50.01M $50.87M $64.88M $72.24M
Long Term Investments $- $- $-8.15B $-7.75B $-7.64B $-7.43B $-7.10B $-6.56B $-6.33B $-
Tax Assets $- $- $8.15B $7.75B $7.64B $7.43B $7.10B $6.56B $6.33B $-
Other Non-Current Assets $8.77B $8.57B $24.18M $23.50M $7.23B $7.31B $46.84M $64.96M $39.31M $56.78M
Total Non-Current Assets $8.82B $8.61B $8.10B $7.53B $7.30B $7.39B $6.94B $6.52B $5.98B $5.36B
Other Assets $- $- $- $- $- $- $- $- $- $-
Total Assets $8.87B $8.66B $8.15B $7.75B $7.64B $7.43B $7.10B $6.56B $6.33B $5.46B
Account Payables $- $- $- $- $- $- $- $- $- $-
Short Term Debt $- $132.00M $9.96M $- $- $- $- $- $- $-
Tax Payables $- $- $- $- $- $- $- $- $- $-
Deferred Revenue $- $- $- $- $- $- $- $- $- $-
Other Current Liabilities $29.70M $34.37M $23.83M $23.92M $19.40M $18.25M $19.52M $20.31M $19.66M $20.11M
Total Current Liabilities $29.70M $166.37M $190.03M $23.92M $19.40M $151.85M $19.52M $140.81M $19.66M $20.11M
Long Term Debt $4.37B $4.23B $3.91B $3.75B $3.22B $2.99B $2.85B $2.58B $2.31B $1.98B
Deferred Revenue Non-Current $- $- $4.02B $3.85B $3.32B $3.10B $2.95B $2.72B $2.42B $-
Deferred Tax Liabilities Non-Current $- $- $13.25M $14.26M $23.50M $25.44M $16.30M $18.41M $22.10M $-
Other Non-Current Liabilities $106.95M $109.59M $-73.59M $79.00M $78.22M $-36.43M $77.92M $-856.00K $85.87M $121.59M
Total Non-Current Liabilities $4.48B $4.34B $3.83B $3.83B $3.30B $2.95B $2.93B $2.58B $2.40B $2.10B
Other Liabilities $- $- $- $- $- $- $- $- $- $-
Total Liabilities $4.51B $4.50B $4.02B $3.85B $3.32B $3.10B $2.95B $2.72B $2.42B $2.12B
Preferred Stock $- $- $- $- $345.00M $345.00M $632.50M $632.50M $920.00M $575.00M
Common Stock $1.88M $1.83M $1.81M $1.76M $1.75M $1.72M $1.62M $1.54M $1.47M $1.41M
Retained Earnings $-829.29M $-805.88M $-793.76M $-747.85M $-644.78M $-499.23M $-424.23M $-379.18M $-319.25M $-263.12M
Accumulated Other Comprehensive Income Loss $-7.96M $-10.11M $-12.58M $-14.96M $-16.45M $-11.13M $-5.70M $-13.74M $-8.19M $-20.35M
Other Total Stockholders Equity $5.20B $4.97B $4.93B $4.66B $4.63B $4.50B $3.95B $3.60B $3.32B $3.05B
Total Stockholders Equity $4.36B $4.16B $4.12B $3.90B $4.32B $4.33B $4.15B $3.84B $3.92B $3.34B
Total Equity $4.36B $4.16B $8.05B $3.90B $4.32B $4.33B $4.15B $3.84B $3.92B $3.34B
Total Liabilities and Stockholders Equity $8.87B $8.66B $8.15B $7.75B $7.64B $7.43B $7.10B $6.56B $6.33B $5.46B
Minority Interest $- $- $3.92B $1.00K $4.00K $7.00K $355.00K $317.00K $129.00K $259.00K
Total Liabilities and Total Equity $8.87B $8.66B $8.15B $7.75B $7.64B $7.43B $7.10B $6.56B $6.33B $5.46B
Total Investments $- $-8.66B $-8.15B $-7.75B $-7.64B $-7.43B $-7.10B $-6.56B $36.00K $11.12M
Total Debt $4.37B $4.36B $3.92B $3.75B $3.22B $2.99B $2.85B $2.58B $2.31B $1.98B
Net Debt $4.37B $4.36B $3.91B $3.58B $2.95B $2.99B $2.74B $2.58B $2.02B $1.96B

Cash Flow Statement

Operating Cash Flow
Investing Cash Flow
Operating and Investing Cash Flow$800.00M$800.00M$400.00M$400.00M$0.00$0.00-$400.00M-$400.00M-$800.00M-$800.00M20162016201720172018201820192019202020202021202120222022202320232024202420252025
Financing Cash Flow$800.00M$800.00M$600.00M$600.00M$400.00M$400.00M$200.00M$200.00M$0.00$0.00-$200.00M-$200.00M-$400.00M-$400.00M20162016201720172018201820192019202020202021202120222022202320232024202420252025
Breakdown December 31, 2024 December 31, 2023 December 31, 2022 December 31, 2021 December 31, 2020 December 31, 2019 December 31, 2018 December 31, 2017 December 31, 2016 December 31, 2015
Net Income $396.83M $392.34M $334.62M $290.11M $228.80M $299.61M $292.49M $265.37M $239.51M $197.96M
Depreciation and Amortization $249.68M $238.62M $223.83M $205.22M $196.62M $188.87M $174.40M $173.72M $149.10M $134.80M
Deferred Income Tax $- $- $- $23.26M $40.18M $836.00K $-14.96M $-29.77M $-6.26M $10.49M
Stock Based Compensation $- $- $17.33M $14.49M $14.48M $11.55M $10.42M $14.22M $11.40M $10.47M
Change in Working Capital $2.01M $1.01M $3.10M $30.41M $-23.86M $-3.74M $-1.87M $1.36M $4.49M $1.36M
Accounts Receivables $380.00K $- $358.00K $1.18M $-1.46M $923.00K $-203.00K $-175.00K $-74.00K $-335.00K
Inventory $- $- $- $- $- $- $- $- $- $-
Accounts Payables $- $- $- $- $- $- $- $- $- $-
Other Working Capital $1.63M $1.01M $2.74M $29.23M $-22.40M $-4.67M $-1.67M $1.53M $4.56M $1.69M
Other Non Cash Items $-13.03M $-19.57M $-525.00K $4.93M $-6.03M $4.61M $11.44M $-3.35M $17.10M $-13.98M
Net Cash Provided by Operating Activities $635.50M $612.41M $578.36M $568.42M $450.19M $501.73M $471.91M $421.56M $415.34M $341.10M
Investments in Property Plant and Equipment $- $- $- $- $- $- $- $- $- $-
Acquisitions Net $- $- $- $- $- $- $- $- $- $-
Purchases of Investments $- $- $-842.87M $-553.32M $-195.94M $-747.52M $-756.97M $-721.89M $-885.97M $-683.24M
Sales Maturities of Investments $- $- $67.48M $123.54M $53.63M $127.10M $148.48M $98.50M $108.26M $40.87M
Other Investing Activities $-424.34M $-680.66M $-2.24M $-2.39M $-500.00K $1.02M $-609.37M $-625.56M $-779.94M $-644.54M
Net Cash Used for Investing Activities $-424.34M $-680.66M $-777.63M $-432.18M $-142.82M $-619.41M $-609.37M $-625.56M $-779.94M $-644.54M
Debt Repayment $11.84M $444.23M $165.54M $530.54M $233.45M $133.03M $271.88M $268.36M $336.18M $247.00M
Common Stock Issued $217.58M $32.33M $253.97M $4.05M $126.49M $542.28M $345.32M $256.76M $278.04M $332.12M
Common Stock Repurchased $- $- $- $-345.00M $- $-287.50M $- $-287.50M $- $-
Dividends Paid $-420.24M $-404.46M $-380.54M $-382.29M $-374.35M $-364.83M $-337.49M $-315.05M $-295.63M $-264.13M
Other Financing Activities $-16.44M $-5.48M $249.73M $-384.14M $-26.84M $-51.17M $-29.34M $-299.26M $326.30M $-7.88M
Net Cash Used Provided by Financing Activities $-207.26M $66.63M $34.73M $-232.16M $-41.25M $4.53M $250.37M $-89.18M $644.89M $307.11M
Effect of Forex Changes on Cash $- $- $- $- $- $- $- $- $- $-
Net Change in Cash $3.91M $-1.62M $-164.54M $-95.91M $266.12M $-113.16M $112.90M $-293.18M $280.28M $3.66M
Cash at End of Period $9.06M $5.16M $6.78M $171.32M $267.24M $1.11M $114.27M $1.36M $294.54M $14.26M
Cash at Beginning of Period $5.16M $6.78M $171.32M $267.24M $1.11M $114.27M $1.36M $294.54M $14.26M $10.60M
Operating Cash Flow $635.50M $612.41M $578.36M $568.42M $450.19M $501.73M $471.91M $421.56M $415.34M $341.10M
Capital Expenditure $- $- $- $- $- $- $- $- $- $-
Free Cash Flow $635.50M $612.41M $578.36M $568.42M $450.19M $501.73M $471.91M $421.56M $415.34M $341.10M