BXP, Inc. 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	-	14.27	190.22	848.95	505.2
Depreciation & Amortization	-	889.45	831.95	752.2	720.85
Gain (Loss) on Sale of Assets	-	-1.59	-0.52	-447.08	-123.66
Gain (Loss) on Sale of Investments	-	-4.96	-5.8	6.6	-5.63
Asset Writedown	-	13.62	0.8	-	-
Stock-Based Compensation	-	43.95	51.48	52.03	50.86
Income (Loss) on Equity Investments	-	377.04	264.18	86.67	24.11
Change in Accounts Receivable	-	-83.89	-131.01	-105.85	-97.27
Change in Accounts Payable	-	-2.4	41.7	-22.78	20.03
Change in Other Net Operating Assets	-	-118.12	-73.59	-78.96	-146.84
Other Operating Activities	-	107.06	131.73	190.84	186.79
Operating Cash Flow	-	1,235	1,302	1,282	1,133
Operating Cash Flow Growth	-	-5.15%	1.49%	13.16%	-2.04%
Acquisition of Real Estate Assets	-	-1,135	-1,021	-2,216	-1,151
Sale of Real Estate Assets	-	6.69	0.52	834.77	179.89
Net Sale / Acq. of Real Estate Assets	-	-1,128	-1,021	-1,381	-971.2
Investment in Marketable & Equity Securities	-	-106.14	-160.55	-237.96	-78.79
Other Investing Activities	-	-3.26	-12.18	16.62	10.04
Investing Cash Flow	-	-1,237	-1,194	-1,603	-1,040
Short-Term Debt Issued	-	5,363	-	-	-
Long-Term Debt Issued	-	849.67	2,548	2,465	3,669
Total Debt Issued	-	6,213	2,548	2,465	3,669
Short-Term Debt Repaid	-	-4,863	-	-	-
Long-Term Debt Repaid	-	-1,217	-1,230	-1,130	-3,799
Total Debt Repaid	-	-6,081	-1,230	-1,130	-3,799
Net Debt Issued (Repaid)	-	132.34	1,318	1,335	-130.16
Issuance of Common Stock	-	-	0.37	-	24.21
Repurchase of Common Stock	-	-1.73	-	-0.35	-
Preferred Share Repurchases	-	-	-	-	-200
Common Dividends Paid	-	-689.87	-687.81	-685.02	-683.75
Total Dividends Paid	-	-689.87	-687.81	-685.02	-683.75
Other Financing Activities	-	284.78	137.63	-93.13	-321.74
Net Cash Flow	-	-277.37	875.76	235.65	-1,218
Cash Interest Paid	-	676.07	553.99	449.9	465.44
Levered Free Cash Flow	-	1,001	1,043	1,248	965.81
Unlevered Free Cash Flow	-	1,404	1,405	1,521	1,230
Change in Working Capital	-	-204.41	-162.9	-207.59	-224.09

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