National Storage Affiliates Trust
NYSE:NSA
Cash Flow Statement
Cash Flow Statement
National Storage Affiliates Trust
| Mar-2014 | Jun-2014 | Sep-2014 | Dec-2014 | Mar-2015 | Jun-2015 | Sep-2015 | Dec-2015 | Mar-2016 | Jun-2016 | Sep-2016 | Dec-2016 | Mar-2017 | Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | Mar-2024 | Jun-2024 | Sep-2024 | Dec-2024 | Mar-2025 | Jun-2025 | Sep-2025 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net Income |
(15)
|
(15)
|
(19)
|
(16)
|
(16)
|
(10)
|
(3)
|
5
|
12
|
18
|
24
|
25
|
27
|
37
|
40
|
46
|
51
|
48
|
54
|
56
|
57
|
62
|
62
|
66
|
69
|
69
|
74
|
79
|
91
|
109
|
129
|
147
|
164
|
177
|
176
|
184
|
179
|
176
|
179
|
237
|
292
|
278
|
265
|
183
|
108
|
106
|
106
|
|
| Depreciation & Amortization |
13
|
15
|
19
|
24
|
30
|
35
|
39
|
41
|
42
|
45
|
49
|
55
|
63
|
68
|
72
|
75
|
78
|
82
|
86
|
89
|
92
|
96
|
101
|
105
|
110
|
113
|
115
|
117
|
120
|
127
|
137
|
158
|
184
|
206
|
226
|
233
|
231
|
229
|
226
|
222
|
214
|
204
|
196
|
190
|
191
|
192
|
191
|
|
| Stock-Based Compensation |
0
|
0
|
0
|
1
|
2
|
3
|
4
|
3
|
3
|
3
|
3
|
3
|
3
|
3
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
4
|
5
|
4
|
4
|
4
|
4
|
5
|
5
|
5
|
5
|
6
|
6
|
6
|
6
|
6
|
6
|
7
|
7
|
7
|
8
|
8
|
8
|
10
|
10
|
12
|
|
| Other Non-Cash Items |
9
|
9
|
8
|
9
|
9
|
7
|
8
|
5
|
4
|
4
|
3
|
5
|
7
|
4
|
6
|
6
|
5
|
10
|
10
|
14
|
19
|
20
|
24
|
23
|
21
|
22
|
21
|
21
|
21
|
22
|
22
|
23
|
21
|
22
|
24
|
21
|
26
|
27
|
26
|
(34)
|
(93)
|
(89)
|
(82)
|
(10)
|
54
|
47
|
41
|
|
| Cash Interest Paid |
26
|
26
|
36
|
19
|
21
|
22
|
4
|
20
|
19
|
19
|
21
|
23
|
26
|
28
|
31
|
33
|
35
|
37
|
39
|
40
|
44
|
47
|
51
|
53
|
57
|
57
|
60
|
59
|
61
|
61
|
64
|
67
|
70
|
79
|
81
|
99
|
108
|
120
|
134
|
144
|
148
|
154
|
150
|
145
|
149
|
149
|
156
|
|
| Change in Working Capital |
2
|
1
|
1
|
0
|
2
|
(1)
|
(1)
|
(1)
|
1
|
4
|
6
|
10
|
8
|
1
|
3
|
(3)
|
(4)
|
2
|
3
|
2
|
6
|
3
|
2
|
3
|
2
|
5
|
5
|
3
|
1
|
1
|
4
|
4
|
8
|
10
|
16
|
6
|
8
|
2
|
10
|
17
|
14
|
7
|
(2)
|
(0)
|
2
|
7
|
8
|
|
| Cash from Operating Activities |
9
N/A
|
10
+11%
|
9
-7%
|
16
+75%
|
24
+47%
|
32
+31%
|
43
+36%
|
50
+18%
|
59
+18%
|
71
+19%
|
82
+16%
|
95
+15%
|
105
+11%
|
110
+4%
|
121
+10%
|
124
+3%
|
130
+5%
|
143
+10%
|
153
+7%
|
162
+6%
|
174
+8%
|
181
+4%
|
188
+4%
|
197
+4%
|
201
+2%
|
209
+4%
|
214
+3%
|
221
+3%
|
234
+6%
|
259
+11%
|
292
+13%
|
331
+14%
|
377
+14%
|
414
+10%
|
443
+7%
|
444
+0%
|
444
0%
|
435
-2%
|
441
+1%
|
442
+0%
|
426
-4%
|
401
-6%
|
377
-6%
|
363
-4%
|
355
-2%
|
351
-1%
|
346
-2%
|
|
| Investing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Expenditures |
(109)
|
(139)
|
(187)
|
(222)
|
(228)
|
(180)
|
(189)
|
(175)
|
(232)
|
(255)
|
(373)
|
(544)
|
(510)
|
(510)
|
(432)
|
(407)
|
(482)
|
(485)
|
(466)
|
(333)
|
(373)
|
(486)
|
(426)
|
(399)
|
(470)
|
(322)
|
(300)
|
(513)
|
(445)
|
(662)
|
(1 207)
|
(1 997)
|
(1 934)
|
(1 796)
|
(1 555)
|
(540)
|
(475)
|
(381)
|
(75)
|
(101)
|
(88)
|
(99)
|
(115)
|
(118)
|
(131)
|
(119)
|
(94)
|
|
| Other Items |
(1)
|
(5)
|
(7)
|
(10)
|
(6)
|
(1)
|
(2)
|
(1)
|
(0)
|
(3)
|
(8)
|
(98)
|
(93)
|
(94)
|
(85)
|
(2)
|
(8)
|
(20)
|
(187)
|
(181)
|
(180)
|
(159)
|
8
|
6
|
10
|
3
|
3
|
4
|
(3)
|
(2)
|
(20)
|
(1)
|
2
|
(49)
|
(31)
|
(44)
|
(61)
|
(12)
|
(12)
|
262
|
852
|
858
|
823
|
543
|
(21)
|
26
|
59
|
|
| Cash from Investing Activities |
(110)
N/A
|
(145)
-32%
|
(194)
-34%
|
(232)
-20%
|
(233)
-1%
|
(181)
+22%
|
(191)
-6%
|
(175)
+8%
|
(232)
-32%
|
(257)
-11%
|
(381)
-48%
|
(642)
-69%
|
(603)
+6%
|
(604)
0%
|
(517)
+14%
|
(409)
+21%
|
(490)
-20%
|
(505)
-3%
|
(653)
-29%
|
(514)
+21%
|
(553)
-8%
|
(645)
-17%
|
(418)
+35%
|
(393)
+6%
|
(460)
-17%
|
(319)
+31%
|
(297)
+7%
|
(510)
-72%
|
(448)
+12%
|
(664)
-48%
|
(1 227)
-85%
|
(1 998)
-63%
|
(1 932)
+3%
|
(1 845)
+5%
|
(1 585)
+14%
|
(584)
+63%
|
(537)
+8%
|
(393)
+27%
|
(87)
+78%
|
161
N/A
|
765
+375%
|
759
-1%
|
708
-7%
|
425
-40%
|
(152)
N/A
|
(94)
+38%
|
(35)
+63%
|
|
| Financing Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net Issuance of Common Stock |
7
|
6
|
6
|
0
|
0
|
278
|
278
|
278
|
0
|
0
|
239
|
378
|
385
|
385
|
147
|
314
|
307
|
307
|
483
|
176
|
0
|
290
|
114
|
114
|
119
|
16
|
22
|
83
|
201
|
293
|
824
|
901
|
779
|
675
|
87
|
(90)
|
(159)
|
(159)
|
(323)
|
(310)
|
(444)
|
(516)
|
(303)
|
(275)
|
(72)
|
0
|
0
|
|
| Net Issuance of Debt |
106
|
131
|
181
|
229
|
229
|
(109)
|
(96)
|
(99)
|
(42)
|
266
|
149
|
254
|
209
|
217
|
352
|
82
|
170
|
176
|
152
|
315
|
347
|
322
|
311
|
260
|
321
|
275
|
206
|
383
|
201
|
317
|
389
|
1 026
|
1 070
|
1 088
|
1 363
|
612
|
646
|
498
|
359
|
108
|
(359)
|
(275)
|
(418)
|
(210)
|
141
|
39
|
(25)
|
|
| Cash Paid for Dividends |
0
|
0
|
0
|
0
|
0
|
0
|
(3)
|
(12)
|
(17)
|
(22)
|
(27)
|
(27)
|
(33)
|
(39)
|
(43)
|
(50)
|
(56)
|
(62)
|
(69)
|
(73)
|
(75)
|
(80)
|
(84)
|
(87)
|
(90)
|
(94)
|
(99)
|
(103)
|
(109)
|
(115)
|
(128)
|
(145)
|
(166)
|
(187)
|
(200)
|
(209)
|
(213)
|
(214)
|
(213)
|
(210)
|
(206)
|
(198)
|
(194)
|
(192)
|
(192)
|
(194)
|
(195)
|
|
| Other |
(3)
|
(3)
|
(6)
|
(16)
|
(20)
|
(28)
|
(33)
|
(43)
|
(46)
|
(53)
|
(56)
|
(52)
|
(58)
|
(55)
|
(58)
|
(60)
|
(60)
|
(63)
|
(64)
|
(66)
|
(67)
|
(71)
|
(81)
|
(83)
|
(86)
|
(84)
|
(75)
|
(77)
|
(80)
|
(87)
|
(97)
|
(110)
|
(122)
|
(136)
|
(143)
|
(158)
|
(158)
|
(155)
|
(155)
|
(145)
|
(144)
|
(151)
|
(153)
|
(148)
|
(149)
|
(142)
|
(141)
|
|
| Cash from Financing Activities |
110
N/A
|
134
+22%
|
181
+35%
|
213
+18%
|
209
-2%
|
141
-32%
|
146
+3%
|
123
-15%
|
173
+40%
|
192
+11%
|
305
+59%
|
554
+81%
|
504
-9%
|
508
+1%
|
398
-22%
|
286
-28%
|
361
+26%
|
358
-1%
|
501
+40%
|
353
-30%
|
380
+8%
|
460
+21%
|
261
-43%
|
204
-22%
|
263
+29%
|
113
-57%
|
54
-52%
|
286
+430%
|
214
-25%
|
408
+90%
|
988
+142%
|
1 673
+69%
|
1 561
-7%
|
1 440
-8%
|
1 106
-23%
|
155
-86%
|
116
-25%
|
(30)
N/A
|
(331)
-989%
|
(557)
-68%
|
(1 153)
-107%
|
(1 140)
+1%
|
(1 067)
+6%
|
(825)
+23%
|
(272)
+67%
|
(297)
-9%
|
(362)
-22%
|
|
| Change in Cash | ||||||||||||||||||||||||||||||||||||||||||||||||
| Net Change in Cash |
9
N/A
|
(0)
N/A
|
(3)
-777%
|
(2)
+37%
|
(0)
+91%
|
(8)
-4 127%
|
(2)
+70%
|
(2)
+29%
|
0
N/A
|
5
+3 060%
|
7
+30%
|
6
-10%
|
6
+1%
|
14
+126%
|
2
-84%
|
1
-53%
|
1
-12%
|
(4)
N/A
|
1
N/A
|
(0)
N/A
|
1
N/A
|
(4)
N/A
|
30
N/A
|
8
-74%
|
3
-59%
|
3
-3%
|
(29)
N/A
|
(3)
+91%
|
0
N/A
|
3
+2 375%
|
52
+1 605%
|
6
-88%
|
6
+3%
|
10
+52%
|
(36)
N/A
|
14
N/A
|
23
+58%
|
12
-48%
|
23
+98%
|
45
+96%
|
37
-18%
|
20
-47%
|
18
-10%
|
(37)
N/A
|
(69)
-87%
|
(39)
+43%
|
(51)
-29%
|
|
| Free Cash Flow | ||||||||||||||||||||||||||||||||||||||||||||||||
| Free Cash Flow |
(99)
N/A
|
(129)
-30%
|
(178)
-37%
|
(206)
-16%
|
(204)
+1%
|
(148)
+27%
|
(146)
+2%
|
(124)
+15%
|
(172)
-39%
|
(184)
-7%
|
(291)
-58%
|
(449)
-54%
|
(405)
+10%
|
(400)
+1%
|
(310)
+22%
|
(283)
+9%
|
(352)
-24%
|
(342)
+3%
|
(313)
+9%
|
(171)
+45%
|
(198)
-16%
|
(305)
-54%
|
(238)
+22%
|
(203)
+15%
|
(269)
-33%
|
(113)
+58%
|
(86)
+24%
|
(293)
-242%
|
(211)
+28%
|
(403)
-91%
|
(915)
-127%
|
(1 666)
-82%
|
(1 557)
+7%
|
(1 382)
+11%
|
(1 112)
+20%
|
(96)
+91%
|
(32)
+67%
|
54
N/A
|
366
+577%
|
340
-7%
|
338
-1%
|
302
-11%
|
262
-13%
|
245
-6%
|
224
-9%
|
232
+4%
|
252
+9%
|
|