← GLADSTONE COMMERCIAL CORP
| 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 | $4.0m |
$5.9m
+50.00%
|
$12.3m
+107.51%
|
$9.6m
-21.85%
|
$14.9m
+55.15%
|
$9.8m
-34.58%
|
$9.3m
-4.89%
|
$5.0m
-46.37%
|
$24.0m
+381.40%
|
$19.3m
-19.63%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | ($3.7m) |
($4.9m)
-33.56%
|
$973k
+119.70%
|
($4.8m)
-589.21%
|
$3.1m
+166.16%
|
($4.6m)
-244.62%
|
($3.0m)
+33.27%
|
($7.7m)
-154.62%
|
$11.1m
+243.76%
|
$6.6m
-40.75%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | — | — | $12.3m | $9.5m | $15.0m | $9.7m | $9.3m | $4.9m | $24.0m | $19.3m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | — | — | $4k | ($87k) | $47k | ($40k) | ($23k) | ($63k) | $42k | $6k | — | |
| Depreciation and amortization | $37.5m | $42.8m | $47.6m | $52.0m | $55.4m | $60.3m | $61.7m | $57.9m | $55.8m | $58.2m | $60.5m | |
| Amortization of Debt Issuance Costs | $1.9m | $1.7m | $1.4m | $1.6m | $1.5m | $1.6m | $3.5m | $1.6m | $1.6m | $2.4m | — | |
| Amortization of Intangible Assets | $13.4m | $15.9m | $17.7m | $19.2m | $19.4m | $20.7m | $19.1m | $16.7m | $16.3m | $16.0m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $60.2m | $57.9m | $55.8m | $58.3m | $60.5m | |
| Asset Impairment Charge | — | — | — | — | — | — | $12.1m | $19.3m | $6.9m | $9k | $0 | |
| Nonoperating Income (Expense) | ($26.8m) | ($20.5m) | ($23.3m) | ($24.6m) | ($18.3m) | ($25.2m) | ($22.0m) | ($26.6m) | ($22.5m) | ($40.7m) | — | |
| Other Nonoperating Income (Expense) | — | — | — | — | — | — | — | $204k | $326k | $892k | — | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($1.4m) | ($3.2m) | ($5.3m) | ($1.5m) | ($4.8m) | |
| Increase (Decrease) in Other Operating Assets | ($528k) | $1.9m | $445k | $2.2m | ($2.9m) | ($602k) | $619k | ($1.5m) | ($1.3m) | $448k | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($619k) | $1.5m | $1.3m | ($448k) | ($754k) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($942k) | ($722k) | ($983k) | $506k | $1.3m | |
| Net Cash Provided by (Used in) Operating Activities | $41.2m |
$46.8m
+13.80%
|
$55.6m
+18.69%
|
$60.2m
+8.26%
|
$65.5m
+8.80%
|
$70.1m
+7.07%
|
$69.2m
-1.35%
|
$60.4m
-12.74%
|
$57.0m
-5.66%
|
$88.2m
+54.78%
|
$70.1m
-20.49%
|
|
| Cash flows from investing activities: | ||||||||||||
| Net Other Investing Changes | — | — | — | — | — | — | ($2.2m) | $822k | $792k | ($137k) | ($459k) | |
| Net Cash Provided by (Used in) Investing Activities | ($58.7m) | ($99.2m) | ($34.4m) | ($132.0m) | ($100.3m) | ($94.8m) | ($82.5m) | $1.1m | ($1.7m) | ($221.4m) | ($76.9m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | — | — | — | — | $0 | $0 | $2.8m | $300k | $0 | — | |
| Proceeds from Issuance of Long-term Debt | $0 | $50.0m | $0 | $47.3m | $37.7m | $65.0m | $150.0m | $0 | — | — | $350.3m | |
| Issuance Of Debt | — | — | — | — | — | — | $324.7m | $132.6m | $173.6m | $473.9m | $350.3m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $324.7m | $132.6m | $173.6m | $473.9m | $350.3m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($280.8m) | ($141.2m) | ($218.8m) | ($323.4m) | ($292.5m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $43.9m | ($8.6m) | ($45.2m) | $150.5m | $57.9m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $43.9m | ($8.6m) | ($45.2m) | $150.5m | $57.9m | |
| Repayment Of Debt | — | — | — | — | — | — | ($280.8m) | ($141.2m) | ($218.8m) | ($323.4m) | ($292.5m) | |
| Payments for Repurchase of Common Stock | $178k | $24k | $34k | $0 | $0 | — | $0 | $998k | $0 | $0 | — | |
| Proceeds from Issuance of Common Stock | $118.4m | $86.3m | $18.6m | $134.5m | $63.6m | $144.7m | $49.7m | $10.2m | $55.4m | $62.2m | $23.2m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($71.1m) | ($60.6m) | ($62.8m) | ($68.2m) | ($69.9m) | |
| Common Stock Issuance | — | — | — | — | — | — | $49.7m | $10.2m | $55.4m | $62.2m | $23.2m | |
| Common Stock Payments | — | — | — | — | — | — | $0 | ($1.1m) | $0 | $0 | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $49.7m | $10.2m | $55.4m | $62.2m | $23.2m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($360k) | ($1.6m) | ($1.7m) | ($4.5m) | ($3.0m) | |
| Dividends paid | $42 | $50 | $55 | $59 | $64 | $68 | $71 | $61 | $63 | $68 | ($69.9m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($71.1m) | ($60.6m) | ($62.8m) | ($68.2m) | ($69.9m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($5.9m) | ($834k) | ($2.0m) | ($5.3m) | ($1.4m) | |
| Net Cash Provided by (Used in) Financing Activities | $17.0m |
$54.4m
+219.73%
|
($21.2m)
-138.88%
|
$74.2m
+450.94%
|
$39.4m
-47.00%
|
$21.8m
-44.72%
|
$16.1m
-25.76%
|
($61.4m)
-479.95%
|
($56.3m)
+8.27%
|
$134.7m
+339.39%
|
$6.7m
-95.04%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($1.7m) | $1.4m | $2k | $2.4m | $4.6m | ($2.9m) | $2.8m | $143k | ($1.1m) | $1.5m | $15.8m | |
| Beginning Cash Position | — | — | — | — | — | — | $13.2m | $16.0m | $16.1m | $15.1m | $15.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($1.7m) | $1.4m | $9.1m | $11.5m | $16.1m | $13.2m | $16.0m | $16.1m | $15.1m | $16.6m | $15.8m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $1.5m | $2.0m | $386k | $2.5m | $606k | $792k | $5.4m | $400k | $1.4m | $5.8m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $25.3m | $22.4m | $25.0m | $25.7m | $26.1m | $23.4m | $27.8m | $33.1m | $35.7m | $38.7m | — | |
| Additional Financial Items | ||||||||||||
| Asset Retirement Obligation, Accretion Expense | $100k | $100k | $100k | $100k | $100k | $100k | $100k | $100k | $100k | $100k | — | |
| Gain (Loss) on Sale of Properties | $242k | $4.0m | $2.8m | $3.0m | $8.1m | ($1.1m) | $10.1m | $7.7m | $14.2m | $367k | — | |
| General and Administrative Expense | $2.1m | $2.4m | $2.4m | $3.2m | $3.3m | $3.2m | $3.7m | $4.4m | $3.9m | $4.0m | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $37.4m | $41.9m | — | |
| Operating Expenses | $55.6m | $68.3m | $71.1m | $80.2m | $99.9m | $102.8m | $117.8m | $116.1m | $102.8m | $101.4m | — | |
| Sales-type Lease, Selling Profit (Loss) | — | — | — | — | — | — | — | — | $3.9m | — | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $16.1m | ($61.4m) | ($56.3m) | $134.7m | $6.7m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($82.5m) | $1.1m | ($1.7m) | ($221.4m) | ($76.9m) | |
| Change In Account Payable | — | — | — | — | — | — | $1.6m | ($11k) | ($41k) | $796k | $3.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $2.8m | $143k | ($1.1m) | $1.5m | — | |
| Change In Other Working Capital | — | — | — | — | — | — | ($1.3m) | ($3.2m) | ($5.5m) | ($3.0m) | ($4.5m) | |
| Change In Payable | — | — | — | — | — | — | $1.5m | ($811k) | ($57k) | $1.5m | $3.0m | |
| Changes In Cash | — | — | — | — | — | — | $2.8m | $143k | ($1.1m) | $1.5m | ($102k) | |
| End Cash Position | — | — | — | — | — | — | $16.0m | $16.1m | $15.1m | $16.6m | $15.8m | |
| Financing Cash Flow | — | — | — | — | — | — | $16.1m |
($61.4m)
-479.95%
|
($56.3m)
+8.27%
|
$134.7m
+339.39%
|
$6.7m
-95.04%
|
|
| Free Cash Flow | — | — | — | — | — | — | $69.2m | $60.4m | $57.0m | $88.2m | $70.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($10.1m) | ($7.7m) | ($14.2m) | ($367k) | ($3.7m) | |
| Gain Loss On Sale Of PPE | — | — | — | — | — | $1.1m | ($10.1m) | — | — | — | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($82.5m) | $1.1m | ($1.7m) | ($221.4m) | ($76.9m) | |
| Net Business Purchase And Sale | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($80.3m) | $316k | ($2.5m) | ($221.2m) | ($77.8m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | ($360k) | ($500k) | ($1.7m) | ($4.5m) | ($3.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($10.1m) | ($10.6m) | ($14.5m) | ($367k) | ($3.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($2.5m) | ($8.0m) | ($9.9m) | $12.4m | — | |
| Preferred Stock Payments | — | — | — | — | — | — | ($360k) | ($500k) | ($1.7m) | ($4.5m) | ($3.0m) | |
| Purchase Of Business | — | — | — | — | — | $0 | $0 | — | — | — | — | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($119.8m) | ($36.7m) | ($40.2m) | ($228.9m) | ($93.7m) | |
| Sale Of Investment Properties | — | — | — | — | — | — | $39.5m | $37.0m | $37.6m | $7.6m | $16.0m |