Millrose Properties 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	379.86	-246.22	-209.79
Stock-Based Compensation	0.68	14.94	10.09
Other Adjustments	16.73	-0.01	-
Changes in Inventories	-	-716.07	-641.86
Changes in Accounts Payable	-	30.18	-23.56
Changes in Other Operating Activities	3,207	-	-
Operating Cash Flow	3,673	-917.19	-865.12
Capital Expenditures	-6,008	-	-
Other Investing Activities	286.09	-	-
Investing Cash Flow	-5,722	-	-
Short-Term Debt Issued	2,835	-	-
Short-Term Debt Repaid	-2,725	-	-
Net Short-Term Debt Issued (Repaid)	110	-	-
Long-Term Debt Issued	2,000	-	-
Long-Term Debt Repaid	-6	-13.5	-18.69
Net Long-Term Debt Issued (Repaid)	1,994	-13.5	-18.69
Common Dividends Paid	-298.81	-	-
Other Financing Activities	279.27	930.7	883.81
Financing Cash Flow	2,084	917.19	865.12
Net Cash Flow	35.05	-	-
Free Cash Flow	-2,335	-917.19	-865.12
FCF Margin	-388.95%	-	-
Free Cash Flow Per Share	-14.07	-	-3.05
Levered Free Cash Flow	-292.11	-945.62	-893.9
Unlevered Free Cash Flow	-2,340	-932.12	-875.21

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

SEC Filings: 10-K · 10-Q