Piedmont Realty Trust, Inc. (PDM)

Piedmont Realty Trust Cash Flow Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-70.35	-79.07	-48.39	146.83	-1.15	232.69
Depreciation & Amortization	176.6	168.08	153.8	137.03	125.98	114.71
Other Amortization	52.95	59.66	78.9	82.12	76.56	82.48
Gain (Loss) on Sale of Assets	-2.01	0.45	-1.95	-151.73	-	-205.67
Asset Writedown	15.4	33.83	29.45	25.98	41	-
Stock-Based Compensation	10.51	9.55	8.09	8.97	10.98	9.72
Change in Accounts Receivable	-22.88	-11.83	-14.12	-14.16	-9.69	-30.89
Change in Accounts Payable	-5.1	14.44	19.26	-1.59	1.86	6.26
Change in Other Net Operating Assets	-2.94	1.02	-10.69	4.77	1.92	-19.11
Other Operating Activities	8.01	0.39	0.3	-	-0.01	0.35
Operating Cash Flow	154.67	198.11	210.13	215.22	242.2	193.28
Operating Cash Flow Growth	-15.33%	-5.72%	-2.36%	-11.14%	25.31%	-7.29%
Acquisition of Real Estate Assets	-187.94	-212.11	-158.19	-392.27	-348.64	-529.64
Sale of Real Estate Assets	31.35	74.89	1.95	297.39	-	360.09
Net Sale / Acq. of Real Estate Assets	-156.58	-137.22	-156.25	-94.88	-348.64	-169.54
Other Investing Activities	-	-	-	118.5	-	-
Investing Cash Flow	-206.24	-186.62	-196.02	-1.25	-368.93	-197.88
Long-Term Debt Issued	-	918.97	1,413	803.42	789.58	1,174
Long-Term Debt Repaid	-	-754.61	-1,345	-897	-535.61	-1,035
Net Debt Issued (Repaid)	-35.02	164.36	67.69	-93.58	253.97	139.31
Repurchase of Common Stock	-3.01	-1.76	-1.76	-3.94	-22.6	-32.69
Common Dividends Paid	-31.08	-61.86	-93.12	-104.37	-103.91	-106.31
Other Financing Activities	-8.16	-2.56	-2.32	-1.33	-1.09	-1.89
Net Cash Flow	-128.83	109.68	-15.39	10.74	-0.35	-6.17
Cash Interest Paid	133.4	117.5	81	66.1	-	-
Levered Free Cash Flow	172.21	267.26	172.66	331.73	246.04	106.02
Unlevered Free Cash Flow	243.74	337.32	230.09	369	274.82	138.3
Change in Working Capital	-36.45	5.22	-9.07	-30.99	-10.6	-45.54

Updated Oct 27, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

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