Douglas Emmett, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $16.3M | $23.5M | $-42.7M | $97.1M | $65.3M | $50.4M | $363.7M | $116.1M |
| Depreciation & Amortization | $398.9M | $384.0M | $459.9M | $372.8M | $371.3M | $385.2M | $357.7M | $309.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $21.2M | $21.0M | $19.8M | $21.0M | $20.9M | $21.4M | $18.4M | $22.3M |
| Net Cash from Operating Activities | $386.9M | $408.7M | $427.0M | $496.9M | $447.0M | $420.2M | $469.6M | $433.0M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-265.3M | $-240.8M | $-233.6M | $-561.0M | $-288.7M | $-265.2M | $-649.7M | $-249.6M |
| Financing Activities | ||||||||
| Dividends Paid | $127.3M | $127.2M | $129.9M | $196.8M | $196.5M | $196.3M | $179.7M | $169.8M |
| Stock Repurchases | $0 | $0 | $109.2M | $0 | $0 | — | — | — |
| Net Cash from Financing Activities | $-225.3M | $-246.5M | $60.9M | $-3.0M | $5.2M | $-136.3M | $187.5M | $-213.8M |
| Net Change in Cash | $-103.8M | $-78.5M | $254.2M | $-67.1M | $163.5M | $18.7M | $7.5M | $-30.4M |
| Free Cash Flow | — | — | — | — | — | — | — | — |