Seritage Growth Properties (SRG)

SRG 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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-84.03	-153.54	-154.91	-73.95	-28.15	-105.03
Depreciation & Amortization	10.95	13.31	14.65	41.34	51.38	94.2
Other Amortization	-	-	0.25	0.42	0.42	0.42
Gain (Loss) on Sale of Assets	-16.41	-10.68	-96.21	-211.94	-221.68	-88.56
Gain (Loss) on Sale of Investments	-0.63	-2.04	-6.41	0.71	-	-1.76
Asset Writedown	18	87.54	107.04	126.89	95.83	64.11
Stock-Based Compensation	0.57	1.49	2.74	2.77	1.86	-3.04
Income (Loss) on Equity Investments	15.55	10.15	55.86	72.04	10.85	4.93
Change in Accounts Receivable	1.04	5.11	12.54	-10.82	5.77	9.73
Change in Accounts Payable	-3.54	-13.07	-11.42	-21.25	-35.77	20.81
Change in Other Net Operating Assets	0.03	0.91	5.95	2.84	-3.59	-0.18
Other Operating Activities	7.85	7.27	16.87	-46.98	-12.9	-42.96
Operating Cash Flow	-50.63	-53.55	-53.06	-117.92	-136	-47.31
Acquisition of Real Estate Assets	-23.11	-27.51	-79.75	-99.29	-105.66	-246.82
Sale of Real Estate Assets	124.21	155.69	673.47	643.29	392.42	331.88
Net Sale / Acq. of Real Estate Assets	101.1	128.17	593.73	544	286.77	85.06
Investment in Marketable & Equity Securities	14.5	-1.3	139.18	42.08	-26.06	-42.19
Investing Cash Flow	115.6	126.87	732.91	586.08	260.71	42.87
Long-Term Debt Issued	-	-	-	-	-	20.43
Total Debt Issued	-	-	-	-	-	20.43
Long-Term Debt Repaid	-	-120	-670	-432.07	-160	-
Total Debt Repaid	-80	-120	-670	-432.07	-160	-
Net Debt Issued (Repaid)	-80	-120	-670	-432.07	-160	20.43
Repurchase of Common Stock	-0.59	-0.59	-0.32	-	-0.27	-0.09
Preferred Dividends Paid	-4.9	-4.9	-4.9	-4.9	-4.9	-4.9
Total Dividends Paid	-4.9	-4.9	-4.9	-4.9	-4.9	-4.9
Other Financing Activities	0.14	0.17	0.13	-	3.96	-
Net Cash Flow	-20.39	-51.99	4.76	31.19	-36.5	10.99
Cash Interest Paid	22.65	25.36	46.05	98.96	46.05	117.87
Cash Income Tax Paid	0.21	1.57	0.04	0.47	0.2	0.29
Levered Free Cash Flow	35.02	-5.92	385.81	-542.42	-77.96	25.66
Unlevered Free Cash Flow	48.8	9.68	413.42	-488.63	-10.89	82.31
Change in Working Capital	-2.48	-7.04	7.07	-29.24	-33.59	30.36

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q