FRA:HBO 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	63.97	48.05	86.34	109.33	-194.58	-394.38
Depreciation & Amortization	111.96	112.12	109.91	107.48	103.19	111.85
Other Amortization	2.01	1.97	2.05	2.49	2.55	2.02
Gain (Loss) on Sale of Investments	-	-	2.03	-13.91	7.69	10.07
Asset Writedown	33.65	34.17	0.94	2.84	126.7	174.12
Stock-Based Compensation	6.81	12.02	8.77	7.79	8.74	7.23
Change in Accounts Payable	23.25	9.68	0.42	7.07	-2.49	-13.71
Change in Other Net Operating Assets	-2.31	-0.48	20.47	-33.6	-60.09	39.11
Other Operating Activities	12.17	6.88	6.63	16.75	5.99	-20
Operating Cash Flow	251.52	224.41	237.56	206.24	-2.31	-83.69
Operating Cash Flow Growth	24.83%	-5.54%	15.19%	-	-	-
Acquisition of Real Estate Assets	-84.12	-81.59	-88.15	-67.66	-276.54	-89.64
Sale of Real Estate Assets	89.02	-	-	-	213.82	-
Net Sale / Acq. of Real Estate Assets	4.9	-81.59	-88.15	-67.66	-62.72	-89.64
Cash Acquisition	-30.53	-30.53	-32.7	-181.94	-	-
Other Investing Activities	-	-	-	1	0.52	10.66
Investing Cash Flow	-25.63	-112.12	-120.85	-248.6	-62.2	-78.97
Long-Term Debt Issued	-	-	-	910	205.5	448
Total Debt Issued	360	-	-	910	205.5	448
Long-Term Debt Repaid	-	-82.38	-9.54	-792.77	-187.7	-489.87
Total Debt Repaid	-357.87	-82.38	-9.54	-792.77	-187.7	-489.87
Net Debt Issued (Repaid)	2.13	-82.38	-9.54	117.23	17.8	-41.87
Issuance of Common Stock	-	-	-	-	-	86.83
Repurchase of Common Stock	-42.82	-32.87	-5.46	-13.12	-1.48	-11.27
Preferred Stock Issued	-	-	-	-	-	114.47
Common Dividends Paid	-88.18	-25.6	-31.91	-6.42	-0.12	-25.56
Preferred Dividends Paid	-9.82	-9.82	-9.82	-9.82	-9.82	-3.3
Total Dividends Paid	-97.99	-35.42	-41.73	-16.24	-9.94	-28.86
Other Financing Activities	-11.57	-	-	-13.85	-1.22	-1.6
Net Cash Flow	75.64	-38.38	59.99	31.67	-59.34	-44.95
Cash Interest Paid	59.1	63.78	60.36	47.55	42.49	43.73
Cash Income Tax Paid	1.93	4.65	2.67	6.63	1.63	-0.01
Levered Free Cash Flow	235.06	146.17	198.52	138.07	47.37	-44.48
Unlevered Free Cash Flow	272.56	185.16	237.14	159.51	67.98	-12.75
Change in Working Capital	20.94	9.21	20.89	-26.53	-62.58	25.41

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