CBL & ASSOCIATES PROPERTIES, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $136.0M | $59.0M | $6.5M | $-93.5M | $-470.6M | $-295.1M | $-108.8M | $-78.6M |
| Depreciation & Amortization | $165.2M | $140.6M | $190.5M | $256.3M | $158.6M | $215.0M | $257.7M | $285.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $81.9M | $67.0M | $106.0M | $152.2M | $1.2M | $1.5M | $4.5M | $13.3M |
| Stock-Based Compensation | $16.7M | $14.9M | $13.0M | $11.9M | $1.2M | $5.8M | $4.8M | $5.4M |
| Net Cash from Operating Activities | $249.7M | $202.2M | $183.5M | $208.2M | $107.1M | $133.4M | $273.4M | $377.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-115.1M | $65.0M | $1.7M | $-156.7M | $247.5M | $-280.4M | $24.6M | $-27.5M |
| Financing Activities | ||||||||
| Dividends Paid | $77.1M | $50.4M | $118.1M | $23.9M | — | — | $26.0M | $137.8M |
| Stock Repurchases | $18.1M | $36.5M | $1.1M | — | — | — | — | — |
| Net Cash from Financing Activities | $-135.4M | $-236.5M | $-204.1M | $-145.8M | $-146.0M | $209.7M | $-296.4M | $-360.4M |
| Net Change in Cash | $-852.0K | $30.7M | $-18.9M | $-94.2M | $208.6M | $62.7M | $1.5M | $-10.7M |
| Free Cash Flow | — | — | — | — | — | — | — | — |