Millrose Properties Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	216.78	-246.22	-209.79	-144.25
Other Amortization	17.76	-	-	0.06
Stock-Based Compensation	5.12	14.94	10.09	3.81
Change in Accounts Payable	28.03	30.18	-23.56	44.18
Other Operating Activities	-11.9	-0.01	-	-48.86
Operating Cash Flow	-923.89	-917.19	-865.12	-328.65
Long-Term Debt Repaid	-	-13.5	-18.69	-16.09
Net Debt Issued (Repaid)	1,938	-13.5	-18.69	-16.09
Issuance of Common Stock	1,346	930.7	883.81	344.74
Levered Free Cash Flow	-	-829.94	3,085	-
Unlevered Free Cash Flow	-	-829.94	3,085	-
Change in Working Capital	-1,152	-685.9	-665.42	-139.41

Updated Oct 23, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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