Tanger 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	107.8	98.6	99.15	82.06	9.12	-36.28
Depreciation & Amortization	128.99	122.12	100.74	101.72	99.6	107.46
Other Amortization	21.54	21.34	12.62	15.24	15.16	15.98
Gain (Loss) on Sale of Assets	-	-	-	-3.16	-	-2.32
Gain (Loss) on Sale of Investments	-	-	-	-	-	3.09
Asset Writedown	4.25	-	-	-	6.99	67.23
Stock-Based Compensation	12.48	11.99	12.51	12.97	12.75	12.52
Income (Loss) on Equity Investments	-2.11	-2.57	0.14	0.12	0.35	-0.73
Change in Accounts Payable	16.66	3.2	-6.51	1.47	14.7	1.04
Change in Other Net Operating Assets	-3.04	1.8	3.41	0.28	5.14	-5.37
Other Operating Activities	2.82	4.21	7.56	3.26	53.91	2.12
Operating Cash Flow	289.38	260.68	229.61	213.96	217.72	164.75
Operating Cash Flow Growth	17.38%	13.53%	7.31%	-1.73%	32.15%	-25.27%
Acquisition of Real Estate Assets	-340.16	-184.18	-458.66	-84.75	-48.36	-30.44
Sale of Real Estate Assets	16.63	-	-	27.01	8.13	7.63
Net Sale / Acq. of Real Estate Assets	-323.53	-184.18	-458.66	-57.74	-40.23	-22.81
Investment in Marketable & Equity Securities	4.82	12.95	47.87	-40.73	12.57	-1.53
Other Investing Activities	-10.04	-4.02	4.33	2.22	10.03	8.63
Investing Cash Flow	-332.26	-178.01	-409.56	-98.82	-22.74	-18.77
Long-Term Debt Issued	-	262	83	36.56	394.21	641.63
Long-Term Debt Repaid	-	-280.13	-74.77	-4.44	-567.05	-645.2
Net Debt Issued (Repaid)	67.57	-18.13	8.23	32.12	-172.84	-3.57
Issuance of Common Stock	159.12	115.12	89.68	0.09	187.24	-
Repurchase of Common Stock	-8.63	-12.03	-7.29	-3.92	-2.15	-0.74
Common Dividends Paid	-128.98	-120.24	-103.77	-84.21	-72.42	-66.56
Other Financing Activities	-7.01	-13.05	-6.13	-8.23	-58.2	-6.73
Foreign Exchange Rate Adjustments	-0.03	-0.12	-0.12	-0.11	-0.18	-0.22
Net Cash Flow	39.18	34.21	-199.35	50.87	76.42	68.16
Cash Interest Paid	58.3	54.58	46.92	40.84	45.11	58.02
Levered Free Cash Flow	193.68	186.5	180.44	182.53	176.82	163.36
Unlevered Free Cash Flow	229.06	220.16	206.58	208.25	205.4	199.24
Change in Working Capital	13.62	5	-3.1	1.75	19.84	-4.32

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