Douglas Emmett Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	22.22	23.52	-42.71	97.15	65.27	50.42	Upgrade
Depreciation & Amortization	390.93	376.03	366.89	361.54	361.75	369.37	Upgrade
Other Amortization	10.94	9.34	8.86	7.94	10.9	7.83	Upgrade
Gain (Loss) on Sale of Assets	-	-	-	-	-	-6.39	Upgrade
Asset Writedown	-	-	82.1	-	-	-	Upgrade
Stock-Based Compensation	21	21.04	19.83	21.03	20.89	21.37	Upgrade
Income (Loss) on Equity Investments	-0.48	-1.37	35.93	-	-0	-0.04	Upgrade
Change in Accounts Receivable	1.14	1.85	0.78	6.25	5.1	-11.65	Upgrade
Change in Other Net Operating Assets	25.75	-3.2	-9.17	3.88	-8.4	-2.18	Upgrade
Other Operating Activities	-73.7	-18.51	-35.56	-0.9	-8.55	-8.51	Upgrade
Operating Cash Flow	397.8	408.69	426.96	496.89	446.95	420.22	Upgrade
Operating Cash Flow Growth	-7.35%	-4.28%	-14.07%	11.17%	6.36%	-10.51%	Upgrade
Acquisition of Real Estate Assets	-301.58	-239.39	-230.64	-568.59	-293.09	-297.6	Upgrade
Sale of Real Estate Assets	-	-	-	-	-	20.66	Upgrade
Net Sale / Acq. of Real Estate Assets	-301.58	-239.39	-230.64	-568.59	-293.09	-276.94	Upgrade
Investment in Marketable & Equity Securities	25.66	-4.95	-5.13	1.92	1.34	-5.36	Upgrade
Other Investing Activities	2.77	3.57	2.18	5.72	3.04	17.12	Upgrade
Investing Cash Flow	-273.15	-240.76	-233.59	-560.95	-288.71	-265.18	Upgrade
Long-Term Debt Issued	-	325	505	245	1,345	674	Upgrade
Long-Term Debt Repaid	-	-434.9	-155.86	-70.82	-1,076	-549.75	Upgrade
Net Debt Issued (Repaid)	-109.66	-109.9	349.14	174.18	269.21	124.25	Upgrade
Repurchase of Common Stock	-0.02	-0	-109.23	-0.18	-0.06	-0	Upgrade
Common Dividends Paid	-127.25	-127.19	-129.9	-196.81	-196.53	-196.33	Upgrade
Other Financing Activities	-23.47	-9.37	-49.14	19.8	-67.38	-64.24	Upgrade
Net Cash Flow	-135.74	-78.53	254.25	-67.07	163.49	18.71	Upgrade
Cash Interest Paid	239.42	219.5	195.95	141.43	137	136.82	Upgrade
Levered Free Cash Flow	406.25	295.07	352.75	437.24	429.35	419.66	Upgrade
Unlevered Free Cash Flow	558.15	429.14	474.81	523.16	510.63	501.13	Upgrade
Change in Working Capital	26.89	-1.34	-8.38	10.13	-3.31	-13.83	Upgrade

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