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 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	54.74	63.7	107.45	100.5	165.31	56.89
Depreciation & Amortization	33.57	32	32.33	29.91	32.67	37.8
Provision for Credit Losses	-0.1	-0.16	13.93	25.1	3.71	-8.71
Stock-Based Compensation	23.27	20.33	18.83	18.58	31.58	15.3
Net Change in Loans Held-for-Sale	62.72	-1.09	-0.03	0.52	-29.59	30.52
Other Adjustments	-3.3	-8.38	-29.01	-28.44	-127.08	-53.45
Changes in Accrued Interest and Accounts Receivable	-2.57	-2.96	11.3	0.71	-11.29	0.65
Changes in Other Operating Activities	-60.65	-16.42	-20.87	33.73	41.4	0.74
Operating Cash Flow	107.76	87.02	133.92	180.6	106.71	79.74
Operating Cash Flow Growth	-14.19%	-35.02%	-25.85%	69.25%	33.82%	-28.77%
Net Change in Loans Held-for-Investment	-1,059	-583.99	1,431	670.05	-325	-1,223
Net Change in Securities and Investments	-590.97	-1,002	-580.68	114.54	101.66	381.82
Capital Expenditures	-8.21	-8.34	-6.5	-4.37	-6.95	-25.33
Sale of Property, Plant & Equipment	-	13.08	102.29	13.39	310.53	190.87
Other Investing Activities	-25.96	-26.04	-13.67	-0.1	1.36	24.49
Investing Cash Flow	-1,684	-1,607	932.76	793.5	81.59	-651.46
Long-Term Debt Issued	8,794	4,572	667.97	921.01	2,427	4,519
Long-Term Debt Repaid	-7,535	-4,196	-1,313	-1,348	-2,413	-4,494
Net Long-Term Debt Issued (Repaid)	1,260	376.88	-644.8	-427.09	13.71	25.5
Issuance of Common Stock	-	-	-	-	-	0
Repurchase of Common Stock	-31.97	-20.47	-15.43	-10.34	-19.27	-13.47
Net Common Stock Issued (Repurchased)	-31.97	-20.47	-15.43	-10.34	-19.27	-13.46
Common Dividends Paid	-117.2	-117.41	-117.71	-116.42	-107.01	-100.55
Other Financing Activities	-15.67	-11.96	-18.65	-3.92	-37.67	-2.5
Financing Cash Flow	1,095	227.04	-796.59	-557.77	-150.24	-91.02
Net Cash Flow	-481.75	-1,293	270.1	416.34	38.06	-662.74
Free Cash Flow	99.54	78.68	127.42	176.23	99.76	54.41
Free Cash Flow Growth	26.52%	-38.26%	-27.69%	76.65%	83.34%	-44.70%
FCF Margin	46.05%	36.50%	46.96%	66.70%	28.89%	29.64%
Free Cash Flow Per Share	0.79	0.62	1.01	1.41	0.79	0.44
Levered Free Cash Flow	1,277	445.34	-520.29	-265.99	211.75	95.89
Unlevered Free Cash Flow	-37.86	4.28	16.26	59.97	55.83	13.87

SEC Filings: 10-K · 10-Q