← BRANDYWINE REALTY TRUST
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | ||||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||
| Net Income (Loss) Attributable to Parent | $40.2m |
$120.8m
+200.69%
|
$136.3m
+12.80%
|
$34.3m
-74.86%
|
$305.5m
+791.61%
|
$12.3m
-95.98%
|
$53.8m
+337.99%
|
($196.8m)
-465.62%
|
($195.9m)
+0.45%
|
($178.2m)
+9.01%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $33.0m |
$115.3m
+249.95%
|
$136.0m
+17.90%
|
$33.9m
-75.09%
|
$305.1m
+800.82%
|
$11.9m
-96.11%
|
$53.4m
+349.68%
|
($197.4m)
-469.80%
|
($197.1m)
+0.14%
|
($179.5m)
+8.93%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $40.5m | $121.9m | $137.3m | $34.5m | $307.3m | $12.4m | $54.0m | ($197.4m) | ($196.5m) | ($178.9m) | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $310k | $1.0m | $965k | $262k | $1.8m | $77k | $168k | ($614k) | ($580k) | ($620k) | — | |
| Depreciation and amortization | $189.7m | $179.4m | $174.3m | $210.0m | $188.3m | $178.1m | $178.0m | $188.8m | $178.2m | $176.4m | $177.1m | |
| Amortization of Debt Issuance Costs | $2.7m | $2.4m | $2.5m | $2.8m | $2.9m | $2.8m | $3.1m | $4.4m | $5.0m | $5.1m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $178.0m | $188.8m | $178.2m | $176.4m | $177.1m | |
| Deferred Income Tax Expense (Benefit) | — | ($628k) | $300k | $100k | $0 | $0 | $0 | $0 | $0 | $0 | $88k | |
| Deferred Tax | — | — | — | — | — | — | $55k | $72k | $14k | $112k | $88k | |
| Share-based Payment Arrangement, Noncash Expense | $4.3m | $4.9m | $5.7m | $6.9m | $6.6m | $7.1m | $8.9m | $9.8m | $16.9m | $17.6m | $23.9m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $674k | — | — | — | — | — | — | — | — | — | |
| Share-based Payment Arrangement, Expense | $5.6m | $6.3m | $7.6m | — | — | — | — | — | — | — | $23.9m | |
| Equity Method Investment, Other than Temporary Impairment | — | — | — | — | — | — | — | $37.2m | $8.4m | $4.1m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $4.7m | $131.6m | $44.7m | $63.4m | $101.6m | |
| Income (Loss) from Equity Method Investments | ($11.5m) | ($8.3m) | ($15.2m) | ($9.9m) | ($18.6m) | ($26.7m) | ($22.0m) | ($77.9m) | ($191.6m) | ($57.7m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $23.5m | $77.9m | $191.6m | $57.7m | $188.8m | |
| Income (Loss) from Equity Method Investments, Net of Dividends or Distributions | ($12.1m) | ($3.5m) | — | — | $18.6m | $26.7m | $23.5m | $77.9m | $191.6m | $57.7m | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | $9.7m | ($17.8m) | $9.9m | ($26.0m) | ($13.2m) | |
| Increase (Decrease) in Accounts Receivable | ($2.4m) | $6.3m | ($3.5m) | $248k | $2.0m | ($2.5m) | ($1.3m) | ($241k) | $13k | $8.8m | ($5.5m) | |
| Change In Receivables | — | — | — | — | — | — | $1.3m | $241k | ($13k) | ($8.8m) | ($5.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | $1.3m | $241k | ($13k) | ($8.8m) | ($5.5m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $5.4m | ($12.9m) | $953k | $2.7m | $1.0m | |
| Increase (Decrease) in Other Operating Assets | $155k | ($1.2m) | $14.3m | ($9.4m) | $5.0m | $19.3m | $1.1m | $2.8m | $7.1m | $4.9m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($1.1m) | ($2.8m) | ($7.1m) | ($4.9m) | $2.7m | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $2.5m | ($2.2m) | $2.9m | ($1.5m) | ($4.2m) | |
| Net Cash Provided by (Used in) Operating Activities | $172.2m |
$182.0m
+5.69%
|
$227.3m
+24.91%
|
$234.2m
+3.03%
|
$225.8m
-3.60%
|
$190.9m
-15.47%
|
$209.3m
+9.66%
|
$177.3m
-15.30%
|
$181.1m
+2.17%
|
$116.7m
-35.57%
|
$149.9m
+28.41%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($263.0m) | ($156.5m) | ($129.8m) | ($113.4m) | ($138.2m) | |
| Payments to Acquire Investments | $3.4m | $0 | $175.2m | $0 | — | — | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | $17.1m | ($8.9m) | ($8.9m) | ($3.9m) | ($9.4m) | |
| Net Cash Provided by (Used in) Investing Activities | $500.9m | $79.8m | ($214.5m) | ($130.7m) | $18.3m | ($100.3m) | ($190.6m) | ($174.9m) | ($120.2m) | ($206.3m) | ($22.6m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($66.6m) | ($3.9m) | ($105k) | $0 | $0 | $0 | ($435k) | $138k | $941k | ($12.2m) | — | |
| Issuance Of Debt | — | — | — | — | — | — | $828.0m | $543.8m | $619.9m | $736.2m | $364.7m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $828.0m | $543.8m | $619.9m | $736.2m | $364.7m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($708.6m) | ($367.7m) | ($540.1m) | ($578.0m) | ($271.0m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $119.4m | $176.2m | $79.9m | $158.2m | $68.7m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $119.4m | $176.2m | $79.9m | $158.2m | $93.7m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $23.0m | $65.5m | ($88.5m) | — | — | $40.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($708.6m) | ($367.7m) | ($540.1m) | ($578.0m) | ($271.0m) | |
| Short Term Debt Issuance | — | — | — | — | — | $154.0m | $478.0m | $215.0m | — | — | $174.0m | |
| Short Term Debt Payments | — | — | — | — | — | ($131.0m) | ($412.5m) | ($303.5m) | — | — | ($134.0m) | |
| Payments for Repurchase of Common Stock | $0 | $0 | $21.8m | $17.3m | $60.0m | $0 | $0 | — | — | — | — | |
| Proceeds from Issuance of Common Stock | $0 | $51.2m | $416k | $0 | $0 | — | — | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($130.7m) | ($124.3m) | ($104.5m) | ($93.0m) | ($104.9m) | |
| Common Stock Payments | — | — | — | — | — | — | ($4.0m) | ($5k) | $0 | $0 | ($2.2m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($4.0m) | ($5k) | $0 | $0 | ($2.2m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($4.0m) | ($5k) | $0 | $0 | ($2.2m) | |
| Dividends paid | $115.7m | $116.3m | $128.9m | $134.1m | — | — | — | — | — | — | ($104.9m) | |
| Dividends Payable | $30.0m | $32.5m | $33.6m | $33.8m | $32.7m | $32.8m | $32.8m | $26.0m | $26.3m | $14.1m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($130.7m) | ($124.3m) | ($104.5m) | ($93.0m) | ($104.9m) | |
| Dividends Received CFI | — | — | — | — | — | — | $46.9m | $3.8m | $56.6m | $13.1m | $55.1m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($10.3m) | ($4.7m) | ($6.6m) | ($7.9m) | ($2.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($535.9m) |
($253.6m)
+52.69%
|
($193.1m)
+23.85%
|
($35.6m)
+81.56%
|
($288.2m)
-709.25%
|
($109.3m)
+62.06%
|
($28.6m)
+73.81%
|
$46.8m
+263.41%
|
($32.3m)
-169.03%
|
$55.7m
+272.48%
|
($40.0m)
-171.87%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $8.8m | ($180.2m) | $68.0m | ($44.1m) | ($18.8m) | ($9.9m) | $49.1m | $28.6m | ($33.9m) | $123.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $28.3m | $18.4m | $67.5m | $96.2m | $36.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $8.8m | $23.2m | $91.2m | $47.1m | $28.3m | $18.4m | $67.5m | $96.2m | $62.3m | $123.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $495k | $4.7m | $3.4m | $2.0m | $0 | $0 | $9.9m | $4.4m | $6.3m | $7.6m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $97.8m | $83.1m | $76.9m | $66.5m | $79.5m | $72.4m | $85.8m | $107.8m | $132.3m | $132.0m | — | |
| Income Taxes Paid, Net | $0 | $225k | $405k | $1.4m | $688k | $785k | $902k | $550k | $571k | $112k | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | $0 | — | — | — | — | — | — | — | — | — | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | — | |
| Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $117.0m | $31.7m | $2.9m | $356k | $289.5m | $142k | $17.7m | $7.7m | $2.3m | $9.4m | — | |
| Gain (Loss) on Sale of Properties | $126.2m | $32.6m | $6.0m | $2.4m | $289.7m | $3.0m | $25.7m | $8.9m | $2.3m | $9.2m | — | |
| General and Administrative Expense | $26.6m | $28.5m | $27.8m | $32.2m | $30.3m | $30.2m | $35.0m | $34.9m | $42.8m | $42.0m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $40.2m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $40.5m | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | — | ($628k) | $423k | $12k | ($224k) | $47k | $55k | $72k | $14k | $112k | — | |
| Operating Expenses | — | — | — | — | — | — | — | $189.9m | $187.3m | $185.2m | — | |
| Operating Lease, Expense | — | — | $154.8m | $154.4m | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($1.1m) | ($1.2m) | ($1.2m) | ($770k) | — | — | — | — | — | — | — | |
| Proceeds from Stock Options Exercised | $1.3m | $1.2m | $0 | $3.8m | $47k | — | — | — | — | — | — | |
| Real Estate Tax Expense | $46.3m | $45.2m | $51.3m | $62.2m | $63.0m | $53.6m | $53.6m | $50.0m | $47.7m | $43.6m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($28.6m) | $46.8m | ($32.3m) | $55.7m | ($40.0m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($190.6m) | ($174.9m) | ($120.2m) | ($206.3m) | ($22.6m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($9.9m) | $49.1m | $28.6m | ($33.9m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | $1.6m | ($86k) | $13.1m | ($13.5m) | ($7.2m) | |
| Changes In Cash | — | — | — | — | — | — | ($9.9m) | $49.1m | $28.6m | ($33.9m) | $87.2m | |
| End Cash Position | — | — | — | — | — | — | $18.4m | $67.5m | $96.2m | $62.3m | $123.8m | |
| Financing Cash Flow | — | — | — | — | — | — | ($28.6m) |
$46.8m
+263.41%
|
($32.3m)
-169.03%
|
$55.7m
+272.48%
|
($40.0m)
-171.87%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($53.7m) | $20.8m | $51.4m | $3.3m | $11.7m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($25.7m) | ($8.9m) | ($2.3m) | ($9.2m) | ($9.2m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | ($26.7m) | ($181k) | ($56.8m) | $0 | ($3.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($190.6m) | ($174.9m) | ($120.2m) | ($206.3m) | ($22.6m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($47.4m) | ($85.9m) | ($194.0m) | ($176.5m) | ($103.2m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $55.9m | $72.6m | $155.9m | $74.3m | $173.1m | |
| Operating Gains Losses | — | — | — | — | — | — | ($28.4m) | $68.6m | $131.6m | $60.7m | $183.5m | |
| Other Non Cash Items | — | — | — | — | — | — | ($17.6m) | ($6.4m) | ($3.6m) | $3.4m | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($2.9m) | ($371k) | ($1.0m) | ($1.5m) | ($1.4m) | |
| Provisionand Write Offof Assets | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Purchase Of Business | — | — | — | — | — | — | ($47.4m) | ($85.9m) | ($194.0m) | ($176.5m) | ($103.2m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($8.3m) | ($7.7m) | $0 | $0 | $0 | |
| Sale Of Investment Properties | — | — | — | — | — | — | $64.2m | $80.3m | $155.9m | $74.3m | $173.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $8.9m | $9.8m | $16.9m | $17.6m | $23.9m |