Tanger Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	119.5	102.76	103.88	85.83	9.56
Depreciation & Amortization	150.98	138.69	108.89	111.9	110.01
Stock-Based Compensation	12.73	11.99	12.51	12.97	12.75
Other Adjustments	0.27	2.24	11.68	1.51	65.56
Changes in Accounts Payable	26.93	3.2	-6.51	1.47	14.7
Changes in Other Operating Activities	-19.29	1.8	3.41	0.28	5.14
Operating Cash Flow	295.37	260.68	229.61	213.96	217.72
Operating Cash Flow Growth	13.31%	13.53%	7.31%	-1.73%	32.15%
Capital Expenditures	-279.03	-184.18	-458.66	-72.35	-48.36
Sale of Property, Plant & Equipment	16.63	-	-	14.61	8.13
Purchases of Intangible Assets	-4.96	-2.77	-3.1	-2.57	-5.12
Purchases of Investments	-	-	-10.26	-52.76	-7
Proceeds from Sale of Investments	3.23	12.95	58.13	12.04	19.57
Other Investing Activities	0.59	-4.02	4.33	2.22	10.03
Investing Cash Flow	-263.54	-178.01	-409.56	-98.82	-22.74
Short-Term Debt Issued	329	262	83	-	-
Short-Term Debt Repaid	-285	-275	-70	-	-
Net Short-Term Debt Issued (Repaid)	44	-13	13	-	-
Long-Term Debt Issued	10	-	-	36.56	394.21
Long-Term Debt Repaid	-1.5	-5.13	-4.77	-4.44	-567.05
Net Long-Term Debt Issued (Repaid)	8.5	-5.13	-4.77	32.12	-172.84
Issuance of Common Stock	69.32	115.12	89.68	0.09	187.24
Repurchase of Common Stock	-8.07	-12.03	-7.29	-3.92	-2.15
Net Common Stock Issued (Repurchased)	61.25	103.09	82.39	-3.84	185.09
Common Dividends Paid	-132.2	-120.24	-103.77	-84.21	-72.42
Other Financing Activities	-7.17	-13.05	-6.13	-8.23	-58.2
Financing Cash Flow	-25.62	-48.34	-19.28	-64.16	-118.38
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.33	-0.12	-0.12	-0.11	-0.18
Net Cash Flow	6.54	34.21	-199.35	50.87	76.42
Free Cash Flow	16.34	76.5	-229.05	141.61	169.36
Free Cash Flow Growth	-78.64%	-	-	-16.38%	26.10%
FCF Margin	2.81%	14.54%	-49.32%	31.99%	39.71%
Free Cash Flow Per Share	0.14	0.69	-2.15	-	1.66
Levered Free Cash Flow	46.86	39.98	-245.49	155.48	-82.23
Unlevered Free Cash Flow	50.7	110.13	-219.03	156.54	184.47

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.