CMRF 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	52.36	-292.3	28.08	143.8	86.49
Depreciation & Amortization	38.17	31.76	42.34	70.69	92.99
Other Amortization	9.66	10.55	17.07	20.24	13.89
Gain (Loss) on Sale of Assets	-7.44	10.7	-13.27	-120.85	-81.67
Gain (Loss) on Sale of Investments	-5.72	15.89	0.29	8.13	-2.77
Asset Writedown	9.86	61.31	35.08	32.32	18.08
Stock-Based Compensation	4.56	3.33	0.48	0.4	0.29
Income (Loss) on Equity Investments	-1.24	-	-	-4.64	-0.11
Change in Accounts Receivable	2.2	1.46	5.54	68.17	28.11
Change in Accounts Payable	-1.08	-6.82	7.38	-1.28	8.39
Change in Other Net Operating Assets	0.88	7.5	4.25	-26.57	-3.25
Other Operating Activities	-36.79	-25.36	-34.56	-28.76	-17.99
Operating Cash Flow	136.01	161.25	223.78	178.7	148.17
Operating Cash Flow Growth	-15.65%	-27.94%	25.23%	20.60%	34.01%
Acquisition of Real Estate Assets	-78.06	-59.56	-12.51	-23.78	-76.28
Sale of Real Estate Assets	170.65	121.58	966.87	1,315	513.53
Net Sale / Acq. of Real Estate Assets	92.59	62.02	954.37	1,291	437.25
Cash Acquisition	-	-	-	-	10.24
Investment in Marketable & Equity Securities	211.19	31.27	-52.51	-527.34	-117.82
Other Investing Activities	17.44	2.17	2.45	14.6	17.09
Investing Cash Flow	110.65	720.56	559.47	-576.53	-1,469
Long-Term Debt Issued	764.74	169.1	545.87	2,492	3,160
Long-Term Debt Repaid	-845.16	-925.61	-1,052	-1,875	-1,649
Net Debt Issued (Repaid)	-80.42	-756.51	-505.8	617.42	1,511
Repurchase of Common Stock	-37.05	-44.98	-44.45	-39.39	-22.04
Common Dividends Paid	-121.29	-154.04	-141.82	-124.04	-105.98
Other Financing Activities	-3.83	-1.65	-7.2	-23.74	-46.04
Net Cash Flow	4.06	-75.37	83.99	32.42	15.77
Cash Interest Paid	164.44	233.38	247.52	146.95	72.53
Cash Income Tax Paid	0.42	1.7	1.12	1.3	1.09
Levered Free Cash Flow	-111.43	628.24	247.07	1,327	-1,402
Unlevered Free Cash Flow	-12.16	767.35	392.98	1,410	-1,364
Change in Working Capital	3.27	2.67	14.32	28.78	36.79

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