Ladder Capital 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	79.68	108.26	101.13	142.22	56.52	-14.45
Depreciation & Amortization	29.6	30.63	28.12	30.91	35.91	36.85
Other Amortization	9.62	10.56	12.43	15.57	21.53	18.73
Gain on Sale of Loans & Receivables	-15.52	-14.65	-18.52	-18.25	-22.2	-14.06
Loss (Gain) From Sale of Investments	-3.96	1.22	-0.42	-1.42	-1.31	13.53
Provision for Credit Losses	-0.11	13.93	25.1	3.71	-8.71	18.28
Loss (Gain) on Equity Investments	1.5	0.08	-0.66	-0.79	-1.46	-1.82
Stock-Based Compensation	19.5	18.83	18.58	31.58	15.3	42.73
Net Decrease (Increase) in Loans Originated / Sold - Operating	3.63	-	-	-32.1	38.92	99.83
Change in Other Net Operating Assets	-130.15	-21.2	32.21	41.4	0.74	-42.14
Other Operating Activities	1.75	0.25	-9.24	21.17	-0.38	-18.33
Operating Cash Flow	-18.47	133.92	180.6	106.71	79.74	111.94
Operating Cash Flow Growth	-	-25.85%	69.25%	33.82%	-28.77%	-38.90%
Investment in Securities	-1,022	-598.98	110.13	101.69	387.22	649.32
Net Decrease (Increase) in Loans Originated / Sold - Investing	95.8	1,431	670.05	-325	-1,223	808.53
Other Investing Activities	0	4.63	4.31	1.32	19.1	30.85
Investing Cash Flow	-871.68	932.76	793.5	81.59	-651.46	1,542
Long-Term Debt Issued	-	667.97	921.01	2,427	4,519	10,021
Long-Term Debt Repaid	-	-1,313	-1,348	-2,413	-4,494	-10,615
Net Debt Issued (Repaid)	-585.03	-644.8	-427.09	13.71	25.5	-593.4
Issuance of Common Stock	-	-	-	-	0	40.43
Repurchase of Common Stock	-23.68	-15.43	-10.34	-19.27	-13.47	-20.16
Common Dividends Paid	-117.48	-117.71	-116.42	-107.01	-100.55	-118.89
Total Dividends Paid	-117.48	-117.71	-116.42	-107.01	-100.55	-118.89
Other Financing Activities	-19.98	-18.65	-3.92	-37.67	-2.5	-33.65
Financing Cash Flow	-746.16	-796.59	-557.77	-150.24	-91.02	-725.67
Net Cash Flow	-1,636	270.1	416.34	38.06	-662.74	928.54
Cash Interest Paid	199.43	199.43	233.64	177.98	173.13	202.94
Cash Income Tax Paid	1.86	1.86	-2.4	-1.17	-2.53	2.2

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