← HIGHWOODS PROPERTIES, INC.
| 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) Available to Common Stockholders, Basic | $521.8m |
$182.9m
-64.95%
|
$169.3m
-7.40%
|
$134.4m
-20.62%
|
$344.9m
+156.58%
|
$310.8m
-9.89%
|
$156.6m
-49.62%
|
$146.2m
-6.61%
|
$99.8m
-31.78%
|
$157.3m
+57.63%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $541.1m | $191.7m | $177.6m | $141.7m | $357.9m | $323.3m | $164.0m | $151.3m | $104.3m | $162.7m | — | |
| Depreciation and amortization | $220.1m | $227.8m | $230.0m | $254.5m | $241.6m | $259.3m | $287.6m | $299.4m | $299.0m | $295.0m | $305.5m | |
| Amortization of Debt Issuance Costs | $3.5m | $3.2m | $2.9m | $3.0m | $3.1m | $4.5m | $4.3m | $4.9m | $5.6m | $5.8m | — | |
| Amortization Cash Flow | — | — | — | — | — | ($1.9m) | ($42k) | $1.1m | — | — | — | |
| Amortization Of Intangibles | — | — | — | — | — | ($1.9m) | ($42k) | $1.1m | — | — | — | |
| Amortization Of Securities | — | — | — | — | — | — | ($238k) | ($293k) | ($249k) | ($248k) | ($255k) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $287.6m | $299.4m | $299.0m | $295.0m | $305.5m | |
| Share-based Payment Arrangement, Noncash Expense | $6.3m | $6.7m | $7.5m | $7.2m | $6.2m | $8.6m | $7.6m | $7.0m | $8.0m | $8.2m | $9.3m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $4.4m | $4.0m | $1.7m | $1.8m | $1.2m | $1.7m | $2.2m | $1.3m | $1.4m | $2.0m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $36.5m | $0 | $24.6m | $8.8m | $8.8m | |
| Income (Loss) from Equity Method Investments | $5.8m | $7.4m | $2.2m | $3.3m | $4.0m | $1.9m | $1.5m | $1.1m | $4.2m | $2.4m | — | |
| Equity Method Investment, Realized Gain (Loss) on Disposal | $0 | $0 | — | — | — | — | — | — | — | ($4.7m) | — | |
| Other Nonoperating Income (Expense) | $2.3m | $2.3m | $1.9m | ($2.5m) | ($1.7m) | $1.4m | $1.5m | $4.4m | $12.3m | $9.6m | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($1.5m) | ($1.1m) | ($4.2m) | ($2.4m) | ($3.3m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($16.5m) | ($19.9m) | $3.9m | ($24.3m) | ($9.8m) | |
| Increase (Decrease) in Accounts Receivable | ($3.4m) | $5.0m | ($1.8m) | $3.3m | ($437k) | ($5.7m) | $11.0m | $547k | $3.2m | ($1.4m) | ($25.4m) | |
| Change In Receivables | — | — | — | — | — | — | ($40.4m) | ($25.1m) | ($12.8m) | ($12.5m) | ($25.4m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($40.4m) | ($25.1m) | ($12.8m) | ($12.5m) | ($25.4m) | |
| Net Cash Provided by (Used in) Operating Activities | $305.8m |
$352.5m
+15.28%
|
$358.6m
+1.73%
|
$365.8m
+2.00%
|
$358.2m
-2.09%
|
$414.6m
+15.75%
|
$421.8m
+1.74%
|
$387.0m
-8.25%
|
$403.6m
+4.30%
|
$359.2m
-11.00%
|
$384.4m
+7.02%
|
|
| Cash flows from investing activities: | ||||||||||||
| Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property | $14.8m | $54.2m | $37.6m | $39.5m | $215.9m | $174.1m | $63.5m | $47.8m | $46.8m | $107.1m | ($119.3m) | |
| Payments for (Proceeds from) Other Investing Activities | — | — | $6.2m | $6.0m | $10.9m | $3.3m | $1.4m | $7.4m | $2.5m | $2.1m | — | |
| Net Other Investing Changes | — | — | — | — | — | — | ($16.6m) | $3.5m | ($18.7m) | $6.6m | ($6.8m) | |
| Net Cash Provided by (Used in) Investing Activities | $203.9m | ($256.2m) | ($306.7m) | ($607.4m) | $110.7m | ($287.7m) | ($614.8m) | ($169.7m) | ($302.4m) | ($440.7m) | ($460.2m) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | ($26k) | $0 | ($640k) | ($3.7m) | ($286k) | $0 | ($602k) | ($173k) | ($144k) | — | |
| Repayments of Long-term Debt | $396.0m | $832.6m | $211.8m | $326.9m | $252.0m | $353.8m | $456.4m | $206.7m | $7.1m | $38.9m | ($69.4m) | |
| Proceeds from Issuance of Long-term Debt | $150.0m | $656.0m | $345.9m | $748.0m | $398.4m | $200.0m | $550.0m | $590.4m | $0 | $379.9m | $399.9m | |
| Issuance Of Debt | — | — | — | — | — | — | $1.2b | $839.4m | $339.0m | $855.9m | $399.9m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $550.0m | $590.4m | $0 | $379.9m | $399.9m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($456.4m) | ($206.7m) | ($7.1m) | ($38.9m) | ($69.4m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $409.6m | $17.6m | $76.9m | $262.0m | $183.5m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $93.6m | $383.6m | ($7.1m) | $341.0m | $330.5m | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $316.0m | ($366.0m) | $84.0m | ($79.0m) | ($147.0m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($815.4m) | ($821.7m) | ($262.1m) | ($593.9m) | ($69.4m) | |
| Short Term Debt Issuance | — | — | — | — | — | — | $675.0m | $249.0m | $339.0m | $476.0m | $442.0m | |
| Short Term Debt Payments | — | — | — | — | — | — | ($359.0m) | ($615.0m) | ($255.0m) | ($555.0m) | ($589.0m) | |
| Payments of Ordinary Dividends, Common Stock | $167 | $181 | $191 | $197 | $199 | $204 | $210 | $211 | $212 | $217 | ($221.4m) | |
| Proceeds from Issuance of Common Stock | $264.8m | $76.3m | $3.6m | $2.1m | $3.6m | $23.9m | $7.6m | $1.7m | $53.5m | $63.0m | $61.5m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($210.2m) | ($211.0m) | ($212.4m) | ($216.7m) | ($219.1m) | |
| Common Stock Issuance | — | — | — | — | — | — | $7.6m | $1.7m | $53.5m | $63.0m | $61.5m | |
| Common Stock Payments | — | — | — | — | — | — | ($5.9m) | ($1.5m) | ($1.4m) | ($2.0m) | ($1.9m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $7.6m | $1.7m | $53.5m | $63.0m | $61.5m | |
| Net Common Stock Issuance | — | — | — | — | — | — | $1.7m | $253k | $52.1m | $61.0m | $59.6m | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($5.9m) | ($1.5m) | ($1.4m) | ($2.0m) | ($1.9m) | |
| Cash Dividends Paid | — | — | — | — | — | — | ($212.7m) | ($213.5m) | ($214.8m) | ($219.1m) | ($221.4m) | |
| Dividend Received CFO | — | — | — | — | — | — | $614k | $1.2m | $6.0m | $6.7m | $7.3m | |
| Dividends Received CFI | — | — | — | — | — | — | $0 | $6.6m | $8.5m | $8.1m | $60.3m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($2.5m) | ($2.5m) | ($2.5m) | ($2.4m) | ($2.3m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($10.6m) | ($9.8m) | ($13.2m) | ($11.0m) | $180.2m | |
| Net Cash Provided by (Used in) Financing Activities | ($465.2m) |
($142.5m)
+69.36%
|
($130.1m)
+8.74%
|
$246.2m
+289.29%
|
($294.3m)
-219.55%
|
($284.9m)
+3.20%
|
$187.9m
+165.96%
|
($205.4m)
-209.31%
|
($99.0m)
+51.79%
|
$90.8m
+191.71%
|
$201.8m
+122.18%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | — | ($78.2m) | $4.6m | $174.5m | ($158.0m) | ($5.1m) | $11.8m | $2.1m | $9.4m | $166.0m | |
| Beginning Cash Position | — | — | — | — | — | — | $31.2m | $26.1m | $31.6m | $33.7m | $40.0m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $10.1m | $14.7m | $189.2m | $31.2m | $26.1m | $31.6m | $33.7m | $43.0m | $166.0m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $981k | $8.3m | $3.0m | $7.8m | $10.3m | $9.3m | $4.1m | $5.4m | $7.7m | $5.0m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $72.8m | $68.2m | $67.2m | $72.0m | $72.3m | $79.5m | $102.5m | $129.8m | $133.6m | $144.6m | — | |
| Additional Financial Items | ||||||||||||
| Deconsolidation, Gain (Loss), Amount | — | — | — | — | — | — | — | $11.8m | $0 | $0 | — | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $414.5m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $4.1m | $0 | $0 | — | — | — | — | — | — | — | — | |
| General and Administrative Expense | $38.2m | $39.6m | $40.0m | $44.1m | $41.0m | $40.6m | $42.3m | $42.9m | $41.9m | $40.3m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $115.5m | $182.9m | $169.3m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $122.5m | $191.7m | $177.6m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $418.6m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $406.3m | $0 | $0 | — | — | — | — | — | — | — | — | |
| Operating Costs and Expenses | $231.1m | $236.9m | $242.4m | $248.5m | $231.8m | $236.4m | $259.8m | $268.8m | $272.2m | $261.4m | — | |
| Operating Expenses | $489.4m | $505.8m | $512.8m | $552.9m | $516.2m | $536.2m | $626.2m | $611.0m | $637.7m | $605.4m | — | |
| Operating Lease, Expense | — | — | — | $2.5m | $2.6m | $2.6m | $2.6m | $2.6m | $2.6m | $2.4m | — | |
| Operating Lease, Lease Income | — | — | — | $723.1m | $726.0m | $754.9m | $816.3m | $819.9m | $811.6m | $788.6m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($3.1m) | ($1.2m) | $2.1m | $1.2m | ($247k) | ($508k) | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | — | — | — | — | — | — | $320k | $0 | $0 | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $187.9m | ($205.4m) | ($99.0m) | $90.8m | $201.8m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($614.8m) | ($169.7m) | ($302.4m) | ($440.7m) | ($460.2m) | |
| Change In Account Payable | — | — | — | — | — | — | $22.2m | $3.9m | $14.0m | ($14.0m) | $8.2m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($5.1m) | $11.8m | $2.1m | $9.4m | — | |
| Change In Payable | — | — | — | — | — | — | $22.2m | $3.9m | $14.0m | ($14.0m) | $8.2m | |
| Change In Prepaid Assets | — | — | — | — | — | — | $1.7m | $1.3m | $2.7m | $2.2m | $7.4m | |
| Changes In Cash | — | — | — | — | — | — | ($5.1m) | $11.8m | $2.1m | $9.4m | $126.0m | |
| End Cash Position | — | — | — | — | — | — | $26.1m | $31.6m | $33.7m | $43.0m | $166.0m | |
| Financing Cash Flow | — | — | — | — | — | — | $187.9m |
($205.4m)
-209.31%
|
($99.0m)
+51.79%
|
$90.8m
+191.71%
|
$201.8m
+122.18%
|
|
| Free Cash Flow | — | — | — | — | — | — | $421.8m | $387.0m | $403.6m | $359.2m | $384.4m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($63.5m) | ($48.3m) | ($46.8m) | ($107.1m) | ($120.9m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $0 | ($11.8m) | $0 | $4.7m | $4.7m | |
| Investing Cash Flow | — | — | — | — | — | — | ($614.8m) | ($169.7m) | ($302.4m) | ($440.7m) | ($460.2m) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($261.8m) | ($52.6m) | ($153.4m) | ($4.3m) | ($21.3m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($336.4m) | ($127.2m) | ($138.9m) | ($451.1m) | ($492.4m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | $217k | $264k | ($4.6m) | — | — | ($4.6m) | |
| Net Preferred Stock Issuance | — | — | — | — | — | — | $0 | ($10k) | $0 | ($2.1m) | ($85k) | |
| Operating Gains Losses | — | — | — | — | — | — | ($65.1m) | ($60.5m) | ($50.8m) | ($104.7m) | ($119.3m) | |
| Other Cash Adjustment Outside Changein Cash | — | — | — | — | — | — | $0 | ($6.4m) | $0 | $0 | — | |
| Other Non Cash Items | — | — | — | — | — | — | $7.3m | $8.8m | $8.9m | $7.1m | — | |
| Preferred Stock Payments | — | — | — | — | — | ($5k) | $0 | ($10k) | — | — | — | |
| Purchase Of Business | — | — | — | — | — | — | ($261.8m) | ($132.6m) | ($153.4m) | ($28.5m) | ($45.5m) | |
| Purchase Of Investment | — | — | — | — | — | ($84k) | ($24k) | ($14.5m) | — | — | ($14.5m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($466.4m) | ($229.0m) | ($239.8m) | ($646.2m) | ($14.5m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | $80.0m | $0 | $24.1m | $24.1m | |
| Sale Of Investment | — | — | — | — | — | $301k | $288k | $9.9m | — | — | $9.9m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $130.0m | $101.8m | $100.9m | $195.2m | $9.9m | |
| Stock Based Compensation | — | — | — | — | — | — | $7.6m | $7.0m | $8.0m | $8.2m | $9.3m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.