← Empire State Realty OP, L.P.
| 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 | $106.3m |
$117.3m
+10.35%
|
$116.3m
-0.85%
|
$84.3m
-27.53%
|
($22.9m)
-127.16%
|
($13.0m)
+43.04%
|
$63.2m
+584.87%
|
$84.4m
+33.53%
|
$80.4m
-4.80%
|
$73.0m
-9.18%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $107.2m |
$118.3m
+10.26%
|
$117.3m
-0.85%
|
$82.5m
-29.60%
|
($27.1m)
-132.81%
|
($17.2m)
+36.42%
|
$59.3m
+444.08%
|
$80.1m
+35.24%
|
$76.2m
-4.97%
|
$68.8m
-9.68%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $107.2m | $118.3m | $117.3m | $84.3m | ($22.9m) | ($13.0m) | $63.2m | $84.4m | $80.4m | $73.0m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | — | — | — | — | — | $68k | $4k | $0 | — | |
| Depreciation, Depletion and Amortization | $155.2m | $160.7m | $168.5m | $181.6m | $191.0m | $201.8m | $216.9m | $189.9m | $184.8m | $194.8m | $203.3m | |
| Amortization of Debt Issuance Costs | $5.0m | $4.7m | $4.1m | $3.8m | $4.1m | $4.5m | $4.9m | $4.4m | $4.3m | $4.4m | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $1.0m | $7.2m | $7.3m | $9.5m | $10.9m | $9.8m | $9.1m | $8.6m | $8.7m | — | |
| Amortization of Intangible Assets | — | — | — | — | — | — | — | — | $5.2m | $5.8m | — | |
| Amortization Cash Flow | — | — | — | — | — | — | $3.1m | $5.4m | $5.7m | $4.6m | — | |
| Amortization Of Intangibles | — | — | — | — | — | — | $3.1m | $5.4m | $5.7m | $4.6m | $4.5m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $220.0m | $195.3m | $190.5m | $199.4m | $203.3m | |
| Deferred Income Tax Expense (Benefit) | $459k | $446k | $0 | $480k | $660k | ($2.3m) | $1.0m | $1.2m | $276k | $384k | — | |
| Share-based Payment Arrangement, Noncash Expense | $9.7m | $14.1m | $18.8m | $20.9m | $25.5m | $20.3m | $21.0m | $20.0m | $21.7m | $25.2m | $30.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | — | — | $911k | — | |
| Asset Impairment Charge | — | — | — | — | — | $7.7m | $0 | $0 | — | — | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($44.3m) | ($30.0m) | ($16.2m) | ($4.3m) | ($16.4m) | |
| Increase (Decrease) in Accounts Receivable | $3.8m | $5.8m | $1.3m | ($4.0m) | ($3.9m) | ($2.9m) | $5.3m | $15.6m | ($6.9m) | ($9.3m) | $6.4m | |
| Change In Receivables | — | — | — | — | — | — | ($5.3m) | ($15.6m) | $6.9m | $9.3m | $6.4m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $4.7m | $746k | $13.6m | $9.4m | ($1.9m) | |
| Net Cash Provided by (Used in) Operating Activities | $218.6m |
$191.5m
-12.41%
|
$279.0m
+45.74%
|
$232.6m
-16.64%
|
$182.3m
-21.63%
|
$212.5m
+16.56%
|
$211.2m
-0.62%
|
$232.5m
+10.10%
|
$260.9m
+12.22%
|
$249.1m
-4.54%
|
$227.6m
-8.60%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | $197.7m | $228.2m | $256.5m | $255.9m | $104.1m | $398.4m | ($35k) | ($12k) | — | — | — | |
| Payments to Acquire Businesses, Net of Cash Acquired | $0 | — | — | — | — | — | — | — | — | — | $0 | |
| Net Other Investing Changes | — | — | — | — | — | ($165k) | ($35k) | — | ($12.9m) | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($181.8m) | ($224.6m) | ($643.0m) | $149.7m | ($143.1m) | ($212.7m) | ($230.9m) | ($77.3m) | ($397.1m) | ($550.0m) | ($528.7m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $552k | ($2.2m) | $0 | $0 | ($86k) | ($214k) | $0 | $0 | ($553k) | ($97k) | — | |
| Repayments of Long-term Debt | $32.3m | $346.6m | $266.6m | — | — | — | — | — | — | — | ($540.4m) | |
| Proceeds from Issuance of Long-term Debt | $50.0m | $315.0m | $160.0m | — | — | — | — | — | — | — | $693.5m | |
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $440.0m | $615.0m | $693.5m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $320.0m | $420.0m | $693.5m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($7.5m) | ($8.6m) | ($226.9m) | ($520.3m) | ($540.4m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($7.5m) | ($8.6m) | $213.1m | $94.7m | $348.1m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($7.5m) | ($8.6m) | $93.1m | ($100.3m) | $153.1m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $120.0m | $195.0m | $195.0m | |
| Repayment Of Debt | — | — | — | — | — | — | ($7.5m) | ($8.6m) | ($226.9m) | ($520.3m) | ($540.4m) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | $143.7m | $46.7m | $90.2m | $13.1m | $0 | $8.1m | — | |
| Proceeds from Issuance of Common Stock | $611.2m | $0 | $4.7m | $0 | $0 | — | — | — | — | — | — | |
| Common Stock Payments | — | — | — | — | — | — | ($90.2m) | ($13.1m) | $0 | ($8.1m) | ($6.0m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($90.2m) | ($13.1m) | $0 | ($8.1m) | ($6.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($90.2m) | ($13.1m) | $0 | ($8.1m) | ($6.0m) | |
| Dividends paid | $114.0m | $126.0m | $125.6m | $126.0m | $60.9m | $28.6m | $38.6m | $37.1m | $38.3m | $39.0m | ($39.2m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($38.6m) | ($37.1m) | ($38.3m) | ($39.0m) | ($39.2m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.0m) | ($4.0m) | ($16.3m) | ($9.5m) | ($10.3m) | |
| Net Cash Provided by (Used in) Financing Activities | $470.9m |
($56.9m)
-112.08%
|
$104.6m
+283.94%
|
($381.6m)
-464.71%
|
$257.2m
+167.40%
|
($93.0m)
-136.18%
|
($140.2m)
-50.72%
|
($62.9m)
+55.17%
|
$158.6m
+352.22%
|
$38.2m
-75.93%
|
$292.6m
+666.55%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $503.3m | ($85.7m) | ($259.4m) | $784k | $296.3m | ($93.3m) | ($160.0m) | $92.3m | $22.3m | ($262.8m) | $128.2m | |
| Beginning Cash Position | — | — | — | — | — | — | $474.6m | $314.7m | $407.0m | $429.3m | $136.7m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $503.3m | ($85.7m) | $270.8m | $271.6m | $567.9m | $474.6m | $314.7m | $407.0m | $429.3m | $166.5m | $128.2m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $3.0m | $13.3m | $2.0m | $0 | $10.1m | $9.5m | $0 | $0 | $12.1m | $4.3m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $69.1m | $66.9m | $74.2m | $76.3m | $75.4m | $77.6m | $91.0m | $92.0m | $94.7m | $93.4m | — | |
| Additional Financial Items | ||||||||||||
| Gain (Loss) on Derivative Instruments, Net, Pretax | — | ($289k) | $0 | $0 | — | — | — | — | — | — | — | |
| Gain (Loss) on Sale of Properties | — | — | — | — | — | — | $34.0m | $26.8m | $13.3m | $35.0m | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | — | — | $34.0m | $26.8m | $13.3m | $35.0m | — | |
| General and Administrative Expense | — | — | — | — | — | — | — | — | $70.2m | $72.8m | — | |
| Goodwill | $491.5m | $491.5m | $491.5m | $491.5m | $491.5m | $491.5m | $491.5m | $491.5m | $491.5m | $491.5m | — | |
| Income Tax Expense (Benefit) | $6.1m | $6.7m | $4.6m | $2.4m | ($7.0m) | ($1.7m) | $1.5m | $2.7m | $2.7m | $2.6m | — | |
| Operating Costs and Expenses | $153.8m | $163.5m | $167.4m | $175.0m | $136.1m | $127.0m | $157.9m | $167.3m | $179.2m | $184.7m | — | |
| Operating Expenses | $493.5m | $516.6m | $540.7m | $576.6m | $550.6m | $545.0m | $600.0m | $592.9m | $609.2m | $632.6m | — | |
| Operating Lease, Lease Income | — | — | — | $586.4m | $563.1m | $559.7m | $591.0m | $597.3m | $614.6m | $626.2m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | ($1.1m) | — | — | — | — | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | — | $224k | $187k | $0 | $0 | — | |
| Real Estate Tax Expense | $96.1m | $102.5m | $110.0m | $115.9m | $121.9m | $120.0m | $123.1m | $127.1m | $128.8m | $132.7m | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($140.2m) | ($62.9m) | $158.6m | $38.2m | $292.6m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($230.9m) | ($77.3m) | ($397.1m) | ($550.0m) | ($528.7m) | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($160.0m) | $92.3m | $22.3m | ($262.8m) | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($40.6m) | ($20.4m) | ($22.2m) | ($25.7m) | ($24.1m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | ($3.1m) | $5.3m | ($14.5m) | $2.7m | $3.2m | |
| Changes In Cash | — | — | — | — | — | — | ($160.0m) | $92.3m | $22.3m | ($262.8m) | ($8.5m) | |
| End Cash Position | — | — | — | — | — | — | $314.7m | $407.0m | $429.3m | $166.5m | $128.2m | |
| Financing Cash Flow | — | — | — | — | — | — | ($140.2m) |
($62.9m)
+55.17%
|
$158.6m
+352.22%
|
$38.2m
-75.93%
|
$292.6m
+666.55%
|
|
| Free Cash Flow | — | — | — | — | — | — | $211.2m | $232.5m | $260.9m | $249.1m | $227.6m | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | — | ($34.0m) | ($26.8m) | ($13.3m) | ($35.0m) | ($146.5m) | |
| Income Tax Paid Supplemental Data | — | — | — | — | — | — | $200k | $1.4m | $1.9m | $3.5m | $2.2m | |
| Investing Cash Flow | — | — | — | — | — | — | ($230.9m) | ($77.3m) | ($397.1m) | ($550.0m) | ($528.7m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($14.2m) | $0 | $0 | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | $11.0m | $88.9m | — | — | — | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($230.9m) | ($77.3m) | ($370.0m) | ($550.0m) | ($528.7m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $0 | $0 | $0 | — | — | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($34.0m) | ($26.8m) | ($12.7m) | ($34.9m) | ($145.3m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($14.8m) | ($10.5m) | ($2.7m) | ($9.3m) | — | |
| Purchase Of Business | — | — | — | — | — | — | $0 | $0 | ($14.2m) | $0 | $0 | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($35k) | ($12k) | — | — | — | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | $0 | — | — | ($664.9m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($241.9m) | ($166.2m) | ($370.0m) | ($610.5m) | ($664.9m) | |
| Sale Of Intangibles | — | — | — | — | — | — | $11.0m | $88.9m | — | — | — | |
| Sale Of Investment Properties | — | — | — | — | — | — | $11.0m | $88.9m | $0 | $60.5m | $136.2m | |
| Stock Based Compensation | — | — | — | — | — | — | $21.0m | $20.0m | $21.7m | $25.2m | $30.3m |