← STARWOOD PROPERTY TRUST, 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) Attributable to Parent | $365.2m |
$400.8m
+9.74%
|
$385.8m
-3.73%
|
$509.7m
+32.10%
|
$331.7m
-34.92%
|
$447.7m
+34.99%
|
$871.5m
+94.64%
|
$339.2m
-61.08%
|
$359.9m
+6.11%
|
$411.5m
+14.34%
|
— | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $367.7m | $412.8m | $411.2m | $536.9m | $366.1m | $492.4m | $1.1b | $418.2m | $380.6m | $443.1m | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $2.5m | $12.0m | $25.4m | $27.3m | $34.4m | $44.7m | $187.6m | $78.9m | $20.6m | $31.5m | — | |
| Depreciation and amortization | $66.8m | $93.6m | $132.6m | $113.3m | $94.4m | $83.0m | $49.3m | $49.1m | $41.3m | $79.0m | $132.9m | |
| Amortization of Debt Issuance Costs | — | — | — | $34.3m | — | — | — | — | — | — | — | |
| Amortization of Debt Issuance Costs and Discounts | — | $21.5m | $11.8m | $7.8m | $7.9m | $7.1m | $8.8m | $9.4m | $10.9m | $11.9m | — | |
| Amortization of Deferred Charges | $16.2m | $19.3m | $27.8m | $36.1m | $40.1m | $43.2m | $47.7m | $50.5m | $48.9m | $46.6m | — | |
| Amortization of Intangible Assets | $33.9m | — | $43.9m | $22.6m | $11.7m | $9.5m | $8.8m | $8.7m | $7.3m | $15.1m | — | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $53.9m | $54.3m | $46.3m | $84.8m | $132.9m | |
| Deferred Income Tax Expense (Benefit) | ($3.7m) | $10.9m | $1.5m | $4.2m | $11.1m | $9.0m | ($63.7m) | ($1.2m) | $21.7m | $31.5m | — | |
| Share-based Payment Arrangement, Expense | $49.1m | $39.2m | $43.5m | $46.2m | $65.7m | $74.4m | $65.1m | $52.9m | $59.4m | $61.0m | $54.6m | |
| Impairment of Intangible Assets (Excluding Goodwill) | $728k | $1.0m | $361k | $1.2m | — | — | $47k | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $55k | $124.9m | $0 | $26.8m | $26.8m | |
| Income (Loss) from Equity Method Investments | $21.7m | $30.5m | $10.5m | ($101.4m) | $37.3m | $8.8m | ($6.3m) | $16.7m | $13.1m | $14.6m | — | |
| Nonoperating Income (Expense) | $241.7m | $299.6m | $294.9m | $383.6m | $214.5m | $320.1m | $805.8m | $465.9m | $441.2m | $422.1m | — | |
| Other Nonoperating Income (Expense) | $13.5m | $2.2m | ($812k) | ($207k) | $281k | ($7.3m) | ($93.7m) | ($135.6m) | ($10.4m) | ($33.0m) | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $6.3m | ($16.7m) | ($13.1m) | ($14.6m) | ($9.7m) | |
| Changes in operating assets and liabilities: | ||||||||||||
| Change In Working Capital | — | — | — | — | — | — | ($21.2m) | ($236.0m) | ($47.5m) | ($138.2m) | ($54.2m) | |
| Change In Receivables | — | — | — | — | — | — | ($201.5m) | ($155.8m) | ($70.4m) | ($103.8m) | ($168.8m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($201.5m) | ($155.8m) | ($70.4m) | ($103.8m) | ($168.8m) | |
| Increase (Decrease) in Other Operating Assets | ($12.4m) | $35.3m | ($8.2m) | $29.8m | ($282k) | $28.4m | ($44.1m) | $65.8m | $76.2m | ($23.1m) | — | |
| Change In Other Current Assets | — | — | — | — | — | — | $44.1m | ($65.8m) | ($76.2m) | $23.1m | $24.5m | |
| Other Operating Income (Expense), Net | — | ($1.4m) | ($732k) | ($2.4m) | ($838k) | ($708k) | ($1.3m) | ($1.8m) | ($2.0m) | ($4.3m) | — | |
| Net Cash Provided by (Used in) Operating Activities | $556.6m |
($246.8m)
-144.35%
|
$585.5m
+337.19%
|
($13.2m)
-102.25%
|
$1.0b
+8021.42%
|
($990.0m)
-194.68%
|
$213.7m
+121.59%
|
$528.6m
+147.31%
|
$646.6m
+22.32%
|
$977.9m
+51.23%
|
$1.1b
+11.53%
|
|
| Cash flows from investing activities: | ||||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($25.2m) | ($25.1m) | ($27.9m) | ($269.0m) | ($609.5m) | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | ($2.2m) | $767k | $1.0m | $2.2m | — | |
| Payments to Acquire Investments | $360.3m | $98.4m | $492.4m | $98.3m | $22.4m | $198.4m | $86.5m | $11.6m | $88.7m | $81.6m | ($263.6m) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | — | $720.7m | $251.8m | $60.7m | — | $328.1m | |
| Payments to Acquire Businesses, Net of Cash Acquired | $850.0m | $17.6m | — | — | — | — | — | — | — | — | ($878.5m) | |
| Net Other Investing Changes | — | — | — | — | — | $98.2m | $203.7m | $73.6m | — | — | $253.5m | |
| Net Cash Provided by (Used in) Investing Activities | — | ($1.0b) | ($2.5b) | ($775.9m) | ($911.8m) | ($4.3b) | ($3.0b) | $855.1m | $2.1b | ($3.8b) | ($3.3b) | |
| Cash flows from financing activities: | ||||||||||||
| Gain (Loss) on Extinguishment of Debt | ($8.8m) | ($5.9m) | ($5.8m) | ($19.3m) | ($3.7m) | ($7.4m) | ($1.2m) | ($1.2m) | ($3.9m) | $17.7m | — | |
| Repayments of Long-term Debt | $5.3b | $4.6b | $6.4b | $8.7b | $6.1b | $11.9b | $9.9b | $7.5b | $9.2b | $11.4b | ($10.9b) | |
| Proceeds from Issuance of Long-term Debt | — | $6.3b | $9.4b | $10.2b | $7.1b | $17.4b | $13.5b | $6.6b | $7.2b | $14.7b | $13.5b | |
| Issuance Of Debt | — | — | — | — | — | — | $13.5b | $6.6b | $7.2b | $14.7b | $13.5b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $13.5b | $6.6b | $7.2b | $14.7b | $13.5b | |
| Long Term Debt Payments | — | — | — | — | — | — | ($10.2b) | ($7.5b) | ($9.4b) | ($11.6b) | ($10.9b) | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $3.3b | ($962.4m) | ($2.2b) | $3.1b | $2.6b | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $3.3b | ($962.4m) | ($2.2b) | $3.1b | $2.6b | |
| Repayment Of Debt | — | — | — | — | — | — | ($10.2b) | ($7.5b) | ($9.4b) | ($11.6b) | ($10.9b) | |
| Payments for Repurchase of Common Stock | $19.7m | — | $12.1m | — | $33.8m | $0 | $0 | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $458 | $502 | $510 | $538 | $547 | $554 | $591 | $601 | $620 | $669 | ($699.8m) | |
| Proceeds from Issuance of Common Stock | $449.2m | $702k | $608k | $767k | $1.1m | $394.1m | $51.5m | $3.0m | $395.5m | $567.8m | $537.0m | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($591.5m) | ($601.2m) | ($620.0m) | ($668.9m) | ($699.8m) | |
| Common Stock Issuance | — | — | — | — | — | — | $50.4m | $3.0m | $395.5m | $567.8m | $537.0m | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $50.4m | $3.0m | $395.5m | $567.8m | $537.0m | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | — | $0 | |
| Dividends Payable, Current | — | — | — | — | — | — | — | — | $163 | $179 | — | |
| Dividends Payable | $125 | $126 | $133 | $137 | $138 | $148 | $152 | $153 | $163 | $180 | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($591.5m) | ($601.2m) | ($620.0m) | ($668.9m) | ($699.8m) | |
| Dividend Received CFO | — | — | — | — | — | — | $5.4m | $8.8m | $5.0m | $10.9m | $3.2m | |
| Dividends Received CFI | — | — | — | — | — | — | $3.4m | $11.0m | $5.6m | $250k | $0 | |
| Net Other Financing Charges | — | — | — | — | — | — | ($3.9m) | $106.0m | ($47.8m) | ($51.2m) | ($76.8m) | |
| Net Cash Provided by (Used in) Financing Activities | — | $1.0b |
$2.0b
+91.35%
|
$876.7m
-56.27%
|
$13.3m
-98.48%
|
$4.9b
+36586.77%
|
$2.8b
-42.59%
|
($1.5b)
-151.99%
|
($2.5b)
-70.90%
|
$2.9b
+217.44%
|
$2.4b
-19.05%
|
|
| Beginning Cash Position | — | — | — | — | — | — | $321.9m | $382.1m | $312.0m | $554.0m | $474.9m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $418.3m | $487.9m | $574.0m | $722.2m | $321.9m | $382.1m | $312.0m | $554.0m | $674.6m | $640.5m | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $207k | ($1.5m) | $1.1m | ($1.7m) | ($1.1m) | $731k | ($2.6m) | ($306k) | ($156k) | |
| Effect Of Exchange Rate Changes | — | — | — | — | — | — | ($1.1m) | $731k | ($2.6m) | ($306k) | ($156k) | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Payments of Financing Costs | $37.3m | $22.7m | $67.2m | $72.4m | $27.1m | $71.9m | $69.8m | $21.0m | $70.0m | $89.2m | — | |
| Supplemental disclosure of cash flow information: | ||||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | — | $250.7m | $337.6m | $481.5m | $379.9m | $386.9m | $671.2m | $1.4b | $1.3b | $1.2b | — | |
| Income Taxes Paid, Net | — | — | — | — | — | — | ($7.9m) | $1.7m | $4.0m | $696k | — | |
| Additional Financial Items | ||||||||||||
| Foreign Currency Transaction Gain (Loss), before Tax | ($34.0m) | $33.7m | ($9.2m) | $17.6m | $42.4m | ($36.3m) | ($97.0m) | $60.8m | ($73.9m) | $112.9m | — | |
| Gain (Loss) on Derivative Instruments, Net, Pretax | $70.7m | ($72.5m) | $34.6m | ($6.3m) | ($82.2m) | $82.4m | $334.0m | ($38.6m) | $157.9m | ($127.3m) | — | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | $55.1m | $59.7m | $7.9m | — | — | — | — | — | — | |
| General and Administrative Expense | $152.9m | $129.6m | $136.1m | $155.1m | $157.9m | $171.3m | $175.5m | $180.2m | $199.2m | $208.8m | — | |
| Goodwill | $140.4m | $140.4m | $259.8m | $259.8m | $259.8m | $259.8m | $259.8m | $259.8m | $259.8m | $259.8m | $26.8m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $365.2m | $400.8m | $385.8m | $509.7m | $331.7m | $447.7m | $871.5m | $339.2m | $359.9m | $411.5m | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $367.7m | — | — | — | — | — | — | — | — | — | — | |
| Income Tax Expense (Benefit) | $8.3m | $31.5m | $15.3m | $13.2m | $20.2m | $8.7m | ($61.5m) | ($682k) | $25.4m | $36.7m | — | |
| Operating Lease, Lease Income | — | — | — | — | $297.8m | $278.8m | $128.3m | $127.7m | $108.0m | $182.4m | — | |
| Proceeds from Contributions from Affiliates | — | $92.4m | $92.3m | $45.6m | $79.9m | $120.1m | $93.4m | $169.6m | $58.4m | $130.6m | — | |
| Proceeds from Noncontrolling Interests | $11.4m | $106k | $13.4m | $183.5m | $11.8m | $219.8m | $21.9m | $2.7m | $9.3m | $7.5m | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | — | — | $49.0m | $232.7m | $165.5m | $9.7m | — | |
| Unrealized Gain (Loss) on Derivatives | $75.1m | ($68.3m) | $30.8m | ($11.4m) | ($88.5m) | $90.1m | $329.2m | ($128.2m) | $84.2m | ($153.6m) | — | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $2.8b | ($1.5b) | ($2.5b) | $2.9b | $2.4b | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($3.0b) | $855.1m | $2.1b | ($3.8b) | ($3.3b) | |
| Change In Account Payable | — | — | — | — | — | — | $171.4m | ($18.0m) | $105.0m | ($50.2m) | $88.9m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $61.3m | ($70.9m) | $244.6m | $121.0m | — | |
| Change In Payable | — | — | — | — | — | — | $136.2m | ($14.4m) | $99.1m | ($57.5m) | $88.9m | |
| Changes In Cash | — | — | — | — | — | — | $61.3m | ($70.9m) | $244.6m | $121.0m | $165.6m | |
| End Cash Position | — | — | — | — | — | — | $382.1m | $312.0m | $554.0m | $674.6m | $640.5m | |
| Financing Cash Flow | — | — | — | — | — | — | $2.8b |
($1.5b)
-151.99%
|
($2.5b)
-70.90%
|
$2.9b
+217.44%
|
$2.4b
-19.05%
|
|
| Free Cash Flow | — | — | — | — | — | — | $188.5m | $503.5m | $618.6m | $708.8m | $481.1m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($137.6m) | ($25.7m) | ($100.7m) | ($42.9m) | ($14.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($3.0b) | $855.1m | $2.1b | ($3.8b) | ($3.3b) | |
| Net Business Purchase And Sale | — | — | — | — | — | — | $617k | $824k | $4.4m | ($807.9m) | ($870.8m) | |
| Net Foreign Currency Exchange Gain Loss | — | — | — | — | — | — | $97.0m | ($60.8m) | $73.9m | ($112.9m) | $17.4m | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $203.7m | $73.6m | $216.8m | $100.9m | $129.0m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $212.8m | $79.8m | $214.8m | $246.0m | $73.2m | |
| Net PPE Purchase And Sale | — | — | — | — | — | — | ($25.2m) | ($25.1m) | ($27.9m) | ($269.0m) | ($609.5m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($16.3m) | ($36.5m) | ($196.0m) | ($218.9m) | ($75.7m) | |
| Other Non Cash Items | — | — | — | — | — | — | ($217.2m) | $180.3m | $290.7m | $361.5m | — | |
| Purchase Of Business | — | — | — | — | — | — | — | $0 | $0 | ($878.5m) | ($878.5m) | |
| Purchase Of Investment | — | — | — | — | — | — | ($106.0m) | ($56.6m) | ($115.1m) | ($136.4m) | ($263.6m) | |
| Purchase Of Investment Properties | — | — | — | — | — | ($26.3m) | ($25.2m) | — | — | — | ($263.6m) | |
| Purchase Of PPE | — | — | — | — | — | — | ($25.2m) | ($25.1m) | ($27.9m) | ($269.0m) | ($609.5m) | |
| Sale Of Business | — | — | — | — | — | — | $617k | $824k | $4.4m | $70.6m | $7.7m | |
| Sale Of Investment | — | — | — | — | — | — | $318.8m | $136.4m | $329.9m | $382.5m | $336.7m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $203.7m | $73.6m | $216.8m | $100.9m | $336.7m | |
| Stock Based Compensation | — | — | — | — | — | — | $40.2m | $39.2m | $41.8m | $54.1m | $54.6m | |
| Unrealized Gain Loss On Investment Securities | — | — | — | — | — | — | ($718.5m) | ($252.6m) | ($61.7m) | $343.8m | $328.1m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.