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

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