← JBG SMITH Properties
| 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 | $62.0m |
($71.8m)
-215.78%
|
$39.9m
+155.64%
|
$65.6m
+64.24%
|
($62.3m)
-195.02%
|
($79.3m)
-27.21%
|
$85.4m
+207.71%
|
($80.0m)
-193.68%
|
($143.5m)
-79.46%
|
($139.1m)
+3.11%
|
— | |
| Net Income (Loss) Available to Common Stockholders, Basic | $62.0m |
($73.4m)
-218.45%
|
$37.3m
+150.85%
|
$63.1m
+69.01%
|
— | ($82.1m) |
$83.5m
+201.71%
|
($82.0m)
-198.23%
|
($146.0m)
-77.97%
|
($140.9m)
+3.52%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $62.0m | ($79.1m) | $46.6m | $74.1m | ($67.3m) | ($89.7m) | $99.0m | ($91.7m) | ($177.8m) | ($168.1m) | — | |
| Depreciation, Depletion and Amortization | $135.1m | $164.6m | $215.7m | $195.8m | $225.6m | $240.5m | $217.8m | $215.6m | $215.0m | $197.5m | $195.4m | |
| Amortization of Intangible Assets | $740k | $15.0m | $21.6m | $16.0m | $13.3m | $11.1m | — | — | — | — | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $217.8m | $215.6m | $215.0m | $197.5m | $195.4m | |
| Deferred Income Tax Expense (Benefit) | $0 | ($10.4m) | ($718k) | ($1.3m) | ($3.0m) | $2.8m | ($437k) | ($1.6m) | $591k | ($3.9m) | — | |
| Share-based Payment Arrangement, Noncash Expense | $4.5m | $33.7m | $52.7m | $65.3m | $66.1m | $51.6m | $41.3m | $32.1m | $29.5m | $24.9m | $25.7m | |
| Share-based Payment Arrangement, Expense | $0 | $29.3m | — | — | $66.1m | $51.6m | $41.3m | $32.1m | $29.5m | $24.9m | $25.7m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | $4.5m | $33.7m | $52.7m | $65.3m | $70.6m | $54.6m | $45.0m | $34.4m | $31.5m | $25.9m | $25.7m | |
| Operating Lease, Impairment Loss | — | — | — | $10.2m | $2.4m | $2.6m | $2.2m | $882k | $2.6m | $1.7m | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $90.2m | $55.4m | $65.8m | $58.9m | |
| Income (Loss) from Equity Method Investments | ($947k) | ($4.1m) | $39.4m | ($1.4m) | ($20.3m) | ($2.1m) | ($17.4m) | ($27.0m) | ($7.1m) | ($4.4m) | — | |
| Nonoperating Income (Expense) | — | — | $19.6m | $50.5m | ($34.1m) | ($75.0m) | $84.1m | ($131.2m) | ($178.5m) | ($163.9m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $17.4m | $27.0m | $7.1m | $4.4m | $4.4m | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($15.2m) | ($22.5m) | $9.4m | ($10.0m) | ($10.9m) | |
| Change In Receivables | — | — | — | — | — | — | ($13.2m) | $11.1m | $18.2m | ($53k) | ($7.2m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($1.3m) | ($11.3m) | $606k | ($4.8m) | ($176k) | |
| Increase (Decrease) in Other Operating Assets | $16.6m | $23.5m | $16.6m | $9.2m | $11.1m | $12.8m | $10.7m | $9.0m | $2.1m | $4.1m | — | |
| Change In Other Current Assets | — | — | — | — | — | — | ($10.7m) | ($9.0m) | ($2.1m) | ($4.1m) | ($3.4m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | $9.9m | ($13.4m) | ($7.4m) | ($1.0m) | ($176k) | |
| Net Cash Provided by (Used in) Operating Activities | $159.5m |
$74.2m
-53.50%
|
$188.2m
+153.69%
|
$174.0m
-7.55%
|
$169.0m
-2.85%
|
$217.6m
+28.75%
|
$178.0m
-18.19%
|
$183.4m
+3.00%
|
$129.4m
-29.44%
|
$73.3m
-43.38%
|
$63.7m
-13.00%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($326.7m) | ($333.7m) | ($218.0m) | ($122.3m) | ($116.4m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $4.6m | — | — | — | — | — | |
| Net Cash Provided by (Used in) Investing Activities | ($258.8m) | ($7.7m) | $66.3m | ($240.7m) | ($167.7m) | ($368.7m) | $524.0m | ($98.2m) | $144.2m | $357.3m | $220.0m | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | $0 | ($701k) | ($5.2m) | ($5.8m) | ($62k) | — | ($3.1m) | ($450k) | $9.2m | ($2.4m) | — | |
| Debt and Equity Securities, Gain (Loss) | — | — | — | — | — | $3.6m | $14.5m | $972k | $3.4m | $1.6m | — | |
| Issuance Of Debt | — | — | — | — | — | — | $429.7m | $886.9m | $505.9m | $1.1b | $718.6m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $429.7m | $886.9m | $505.9m | $1.1b | $718.6m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($670.7m) | ($591.6m) | ($493.0m) | ($1.2b) | ($732.4m) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($240.9m) | $295.3m | $12.9m | ($104.7m) | ($13.8m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($240.9m) | $295.3m | $12.9m | ($104.7m) | ($13.8m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | $300.0m | ($300.0m) | $62.0m | — | — | — | |
| Repayment Of Debt | — | — | — | — | — | — | ($670.7m) | ($591.6m) | ($493.0m) | ($1.2b) | ($732.4m) | |
| Short Term Debt Issuance | — | — | — | — | — | $300.0m | $100.0m | $371.8m | — | — | — | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($400.0m) | ($309.8m) | — | — | — | |
| Payments for Repurchase of Common Stock | — | — | — | — | $104.8m | $157.7m | $361.0m | $335.3m | $170.8m | $443.7m | — | |
| Payments of Ordinary Dividends, Common Stock | — | $26.5m | $107.4m | $129.8m | $120.0m | $118.1m | $107.7m | $94.0m | $62.0m | $48.4m | ($44.1m) | |
| Proceeds from Issuance of Common Stock | — | — | — | $472.8m | — | — | — | — | — | — | — | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($107.7m) | ($94.0m) | ($62.0m) | ($48.4m) | ($44.1m) | |
| Common Stock Payments | — | — | — | — | — | — | ($361.0m) | ($335.3m) | ($170.8m) | ($443.7m) | ($321.5m) | |
| Net Common Stock Issuance | — | — | — | — | — | — | ($361.0m) | ($335.3m) | ($170.8m) | ($443.7m) | ($321.5m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($361.0m) | ($335.3m) | ($170.8m) | ($443.7m) | ($321.5m) | |
| Dividends Payable | $0 | $31.1m | $45.2m | $34.0m | $34.1m | $32.6m | $29.6m | — | $17.6m | $13.1m | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($107.7m) | ($94.0m) | ($62.0m) | ($48.4m) | ($44.1m) | |
| Dividends Received CFI | — | — | — | — | — | — | $59.7m | $10.5m | $164.6m | $3.6m | $3.1m | |
| Net Other Financing Charges | — | — | — | — | — | — | ($21.9m) | ($25.9m) | ($71.9m) | $85.5m | $89.3m | |
| Net Cash Provided by (Used in) Financing Activities | $51.1m |
$239.8m
+369.41%
|
($193.5m)
-180.72%
|
($190.3m)
+1.66%
|
$119.5m
+162.78%
|
$189.9m
+58.91%
|
($730.1m)
-484.50%
|
($158.8m)
+78.25%
|
($290.8m)
-83.09%
|
($510.5m)
-75.54%
|
($289.2m)
+43.35%
|
|
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($48.2m) | $306.3m | $61.0m | ($257.0m) | $120.8m | $38.8m | ($28.0m) | ($73.6m) | ($17.2m) | ($79.9m) | $114.9m | |
| Beginning Cash Position | — | — | — | — | — | — | $302.1m | $274.1m | $200.4m | $183.2m | $120.3m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $32.3m | $338.6m | $399.5m | $142.5m | $263.3m | $302.1m | $274.1m | $200.4m | $183.2m | $103.3m | $114.9m | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $45.4m | $52.4m | $64.6m | $49.4m | $57.0m | $61.9m | $71.9m | $88.8m | $116.3m | $128.3m | — | |
| Income Taxes Paid, Net | — | — | $2.0m | $282k | $1.2m | ($815k) | $1.2m | $1.9m | $117k | $61k | — | |
| Additional Financial Items | ||||||||||||
| Derivative, Gain (Loss) on Derivative, Net | $0 | ($27k) | $135k | $0 | — | — | ($304k) | — | — | — | — | |
| Equity Securities, FV-NI, Realized Gain (Loss) | — | — | — | — | — | — | — | — | — | $425k | — | |
| Equity Securities, FV-NI, Unrealized Gain (Loss) | — | — | — | — | — | — | — | — | — | $1.5m | — | |
| Gain (Loss) Related to Litigation Settlement | — | — | — | — | — | — | — | $6.0m | — | — | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | $52.2m | $105.0m | $59.5m | $11.3m | $161.9m | $79.3m | ($2.8m) | $46.6m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $281.2m | $297.1m | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $1.1m | ($9.9m) | ($738k) | ($1.3m) | ($4.3m) | $3.5m | $1.3m | ($296k) | $762k | ($3.8m) | — | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $134.1m | $142.0m | — | |
| Operating Expenses | $365.7m | $595.2m | $617.9m | $625.4m | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | — | $216.6m | $221.5m | $212.2m | $201.7m | — | — | — | |
| Operating Lease, Lease Income | — | — | — | $493.3m | $459.0m | $499.6m | $491.7m | $483.2m | $456.9m | $416.8m | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $0 | ($399k) | ($1.1m) | — | — | — | — | — | — | — | — | |
| Proceeds from Contributions from Affiliates | — | $160.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Proceeds from Noncontrolling Interests | $0 | $357k | $250k | $207k | — | $24.1m | $9.4m | — | — | — | — | |
| Real Estate Tax Expense | $57.8m | $66.4m | $71.1m | $70.5m | $71.0m | $70.8m | $62.2m | $57.7m | $52.6m | $48.9m | — | |
| Unrealized Gain (Loss) on Derivatives | $0 | $1.3m | $926k | ($50k) | ($184k) | $342k | $7.4m | ($7.8m) | ($83k) | $87k | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($730.1m) | ($158.8m) | ($290.8m) | ($510.5m) | ($289.2m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | $524.0m | ($98.2m) | $144.2m | $357.3m | $220.0m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($28.0m) | ($73.6m) | ($17.2m) | ($79.9m) | — | |
| Changes In Cash | — | — | — | — | — | — | ($28.0m) | ($73.6m) | ($17.2m) | ($79.9m) | ($5.5m) | |
| End Cash Position | — | — | — | — | — | — | $274.1m | $200.4m | $183.2m | $103.3m | $114.9m | |
| Financing Cash Flow | — | — | — | — | — | — | ($730.1m) |
($158.8m)
+78.25%
|
($290.8m)
-83.09%
|
($510.5m)
-75.54%
|
($289.2m)
+43.35%
|
|
| Free Cash Flow | — | — | — | — | — | — | ($148.7m) | ($150.4m) | ($88.6m) | ($49.0m) | ($52.7m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($176.4m) | ($80.3m) | ($605k) | ($48.3m) | ($69.4m) | |
| Gain Loss On Sale Of Business | — | — | — | — | — | — | $11.4m | $20.7m | $1.9m | $1.5m | $1.1m | |
| Investing Cash Flow | — | — | — | — | — | — | $524.0m | ($98.2m) | $144.2m | $357.3m | $220.0m | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($91.6m) | ($29.0m) | ($6.2m) | ($25.7m) | ($25.5m) | |
| Net Intangibles Purchase And Sale | — | — | — | — | — | — | ($326.7m) | ($333.7m) | ($218.0m) | ($122.3m) | ($116.4m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $863.6m | $262.0m | $202.0m | $504.9m | $362.7m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $19.0m | ($7.9m) | $1.8m | ($3.2m) | ($3.9m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($144.5m) | ($32.2m) | ($824k) | ($37.3m) | ($63.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($20.4m) | ($8.2m) | ($1.3m) | $398k | — | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $1.5m | $1.1m | $945k | $800k | $794k | |
| Purchase Of Business | — | — | — | — | — | — | ($91.6m) | ($29.0m) | ($6.2m) | ($25.7m) | ($25.5m) | |
| Purchase Of Intangibles | — | — | — | — | — | — | ($326.7m) | ($333.7m) | ($218.0m) | ($122.3m) | ($116.4m) | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | ($9.8m) | ($6.5m) | ($13.0m) | ($14.5m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($65.3m) | ($19.6m) | $0 | ($40.3m) | ($14.5m) | |
| Sale Of Investment | — | — | — | — | — | — | $19.0m | $1.9m | $8.2m | $9.7m | $9.1m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $928.9m | $281.5m | $202.0m | $545.2m | $9.1m | |
| Stock Based Compensation | — | — | — | — | — | — | $41.3m | $32.1m | $29.5m | $24.9m | $25.7m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.