COPT Defense Properties (CDP)

COPT Defense Properties Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	159.53	143.94	-74.35	-	-
Depreciation & Amortization	163.7	156.02	151.4	-	-
Stock-Based Compensation	11.69	10.44	8.54	-	-
Other Adjustments	9.97	18.87	204.15	-	-
Change in Receivables	-15.94	6.5	-5.62	-	-
Changes in Accounts Payable	0.56	-4.09	-2.9	-	-
Changes in Unearned Revenue	-0.65	3.15	5.39	-	-
Changes in Other Operating Activities	-18.94	-3.88	-10.35	-	-
Operating Cash Flow	309.93	330.96	276.27	265.83	249.15
Operating Cash Flow Growth	-6.35%	19.79%	3.93%	6.69%	4.50%
Capital Expenditures	-257.41	-248.68	-352.45	-363.13	-319.42
Sale of Property, Plant & Equipment	5	-	189.51	281.07	143.12
Payments for Business Acquisitions	-32.88	-32.24	-	-	-
Other Investing Activities	-4.45	-10.09	-6.68	-1.4	-26.67
Investing Cash Flow	-289.74	-291.01	-169.62	-83.46	-202.97
Short-Term Debt Issued	529	76	291	852	597
Short-Term Debt Repaid	-454	-76	-427	-717	-664
Net Short-Term Debt Issued (Repaid)	75	-	-136	135	-67
Long-Term Debt Issued	395.46	-	336.38	125	1,387
Long-Term Debt Repaid	-98.72	-29.98	-18.95	-303.33	-1,142
Net Long-Term Debt Issued (Repaid)	296.74	-29.98	317.42	-178.33	244.99
Common Dividends Paid	-136.6	-131.84	-127.18	-123.65	-123.53
Other Financing Activities	-18.6	-7.85	-7.98	-16.2	-105.36
Financing Cash Flow	216.54	-169.67	46.26	-183.18	-50.9
Net Cash Flow	236.73	-129.73	152.92	-0.81	-4.72
Free Cash Flow	52.52	82.27	-76.17	-97.31	-70.27
Free Cash Flow Growth	-36.16%	-	-	-	-
FCF Margin	6.88%	10.92%	-11.12%	-13.17%	-10.58%
Free Cash Flow Per Share	0.46	0.73	-0.68	-0.86	-0.63
Levered Free Cash Flow	425.75	21.49	-102.71	-192.28	-51.46
Unlevered Free Cash Flow	116.27	115.42	-273.75	-182.25	-150.81

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

SEC Filings: 10-K · 10-Q