Franklin Street Properties Corp. (FSP)

FSP Cash Flow Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-52.72	-48.11	1.09	92.72	32.62
Depreciation & Amortization	43.23	51.3	58.48	70.31	81.67
Other Amortization	4.5	5.9	7.1	10.7	9.6
Gain (Loss) on Sale of Assets	20.83	23.38	-27.94	-113.13	-41.93
Asset Writedown	-	-	4.24	-	-
Stock-Based Compensation	0.27	0.32	0.39	0.34	0.34
Change in Accounts Receivable	2.88	0.64	-6.14	1.77	-5.48
Change in Accounts Payable	-3.71	-2.71	-5.98	-11.1	7.79
Change in Other Net Operating Assets	-0.83	-1.13	-7.87	-3.94	-2.4
Other Operating Activities	-5.46	-11.71	-8.14	-11.3	-13.74
Operating Cash Flow	8.99	17.87	15.23	36.36	68.45
Operating Cash Flow Growth	-49.70%	17.28%	-58.10%	-46.88%	-16.44%
Acquisition of Real Estate Assets	-25.21	-31.64	-54.91	-64.83	-77.92
Sale of Real Estate Assets	95.5	142.23	128.95	573.31	88.96
Net Sale / Acq. of Real Estate Assets	70.28	110.59	74.04	508.47	11.04
Cash Acquisition	-	3.05	-	-3	-
Investing Cash Flow	70.28	113.64	74.04	505.47	11.04
Long-Term Debt Issued	-	77	90	91.5	105
Long-Term Debt Repaid	-154.67	-85	-152	-540	-151.5
Net Debt Issued (Repaid)	-154.67	-8	-62	-448.5	-46.5
Repurchase of Common Stock	-	-	-4.84	-18.24	-
Common Dividends Paid	-4.14	-4.13	-53.99	-38.49	-38.63
Other Financing Activities	-5.66	1.88	-2.56	-	-
Net Cash Flow	-85.2	121.25	-34.12	36.6	-5.64
Cash Interest Paid	24.07	25.74	21.09	30.14	33.06
Cash Income Tax Paid	0.39	0.34	0.67	0.45	0.48
Levered Free Cash Flow	96.87	-24.91	9.62	112.28	87.04
Unlevered Free Cash Flow	113.39	-9.71	23.88	132.45	109.56
Change in Net Working Capital	-69.34	66.61	42.4	-43	-1.1

Source: S&P Capital IQ. Real Estate template. Financial Sources.