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	79.17	107.45	100.5	165.31	56.89	-9.46
Depreciation & Amortization	31.08	32.33	29.91	32.67	37.8	39.08
Provision for Credit Losses	-0.11	13.93	25.1	3.71	-8.71	18.28
Stock-Based Compensation	19.5	18.83	18.58	31.58	15.3	42.73
Net Change in Loans Held-for-Sale	-65.64	-0.03	0.52	-29.59	30.52	91.81
Other Adjustments	-23	-28.68	-26.92	-127.08	-53.45	-33.24
Changes in Accrued Interest and Accounts Receivable	2.22	11.3	0.71	-11.29	0.65	4.9
Changes in Other Operating Activities	-130.15	-21.2	32.21	41.4	0.74	-42.14
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%
Net Change in Loans Held-for-Investment	95.8	1,431	670.05	-325	-1,223	808.53
Net Change in Securities and Investments	-1,022	-580.68	114.54	101.66	381.82	675.93
Capital Expenditures	-3.64	-6.5	-4.37	-6.95	-25.33	-13.54
Sale of Property, Plant & Equipment	57.7	102.27	13.39	310.53	190.87	67.1
Other Investing Activities	0	-13.67	-0.1	1.36	24.49	3.81
Investing Cash Flow	-871.68	932.76	793.5	81.59	-651.46	1,542
Long-Term Debt Issued	2,369	667.97	921.01	2,427	4,519	10,021
Long-Term Debt Repaid	-2,954	-1,313	-1,348	-2,413	-4,494	-10,615
Net Long-Term 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	-28.03	-15.43	-10.34	-19.27	-13.47	-20.16
Net Common Stock Issued (Repurchased)	-28.03	-15.43	-10.34	-19.27	-13.46	20.26
Common 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
Free Cash Flow	-22.1	127.42	176.23	99.76	54.41	98.4
Free Cash Flow Growth	-	-27.69%	76.65%	83.34%	-44.70%	-43.80%
FCF Margin	-9.46%	46.96%	66.70%	28.89%	29.64%	73.40%
Free Cash Flow Per Share	-0.17	1.01	1.41	0.79	0.43	0.86
Levered Free Cash Flow	-605.83	-520.62	-267.51	211.75	95.89	-619.56
Unlevered Free Cash Flow	-100.49	15.92	58.45	55.83	13.87	-11.71

Updated Sep 30, 2025. Data Source: Fiscal.ai. Banks template. Financial Sources.