Cousins Properties Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	40.5	45.96	82.96	166.79	278.59
Depreciation & Amortization	415.36	365.05	314.9	288.73	276.5
Other Amortization	4.49	4.03	4.14	-0.1	-
Gain (Loss) on Sale of Assets	-	-0.1	-0.5	0.01	-152.55
Gain (Loss) on Sale of Investments	-	-	-	-56.27	-13.08
Asset Writedown	14.32	-	-	-	-
Stock-Based Compensation	16.46	14.79	11.97	10.14	7.46
Income (Loss) on Equity Investments	9.62	6.41	1.37	-2.3	4.74
Change in Accounts Receivable	-8.76	-2.13	-7.73	1.72	5.5
Change in Other Net Operating Assets	-3.68	24.2	8.47	-9.17	10.23
Other Operating Activities	-86.03	-57.97	-47.22	-34.39	-27.91
Operating Cash Flow	402.28	400.23	368.36	365.17	389.48
Operating Cash Flow Growth	0.51%	8.65%	0.88%	-6.24%	10.94%
Acquisition of Real Estate Assets	-515.08	-1,091	-279.52	-342.24	-787.81
Sale of Real Estate Assets	-	-	4.25	-	555.33
Net Sale / Acq. of Real Estate Assets	-515.08	-1,091	-275.27	-342.24	-232.48
Investment in Marketable & Equity Securities	89.42	-214.72	-20.46	7.74	41.41
Investing Cash Flow	-425.66	-1,305	-295.74	-334.5	-191.07
Long-Term Debt Issued	1,023	2,345	382.9	870.82	1,206
Long-Term Debt Repaid	-776.2	-1,700	-262.67	-769	-1,219
Net Debt Issued (Repaid)	246.85	644.54	120.23	101.82	-13.37
Issuance of Common Stock	-	468	0.44	103.63	-
Repurchase of Common Stock	-1.91	-1.11	-	-	-
Common Dividends Paid	-215.8	-195.41	-194.35	-192.28	-182.84
Other Financing Activities	-7.38	-9.55	1.95	-48.87	1.83
Net Cash Flow	-1.63	1.3	0.9	-5.02	4.03
Cash Interest Paid	141.47	107.68	100.55	70.09	68
Cash Income Tax Paid	-	-	-	0.04	0.16
Levered Free Cash Flow	77.22	180.09	103.5	47.53	502.07
Unlevered Free Cash Flow	172.26	252.62	165.27	92.96	543.97
Change in Working Capital	-12.44	22.07	0.75	-7.45	15.73

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.