JBG SMITH PROPERTIES
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-139.1M | $-143.5M | $-80.0M | $85.4M | $-79.3M | $-62.3M | $65.6M | $39.9M |
| Depreciation & Amortization | $197.5M | $215.0M | $215.6M | $217.8M | $240.5M | $225.6M | $195.8M | $215.7M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | $11.1M | $13.3M | $16.0M | $21.6M |
| Stock-Based Compensation | $24.9M | $29.5M | $32.1M | $41.3M | $51.6M | $66.1M | $65.3M | $52.7M |
| Net Cash from Operating Activities | $73.3M | $129.4M | $183.4M | $178.0M | $217.6M | $169.0M | $174.0M | $188.2M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | $28.0M |
| Net Cash from Investing Activities | $357.3M | $144.2M | $-98.2M | $524.0M | $-368.7M | $-167.7M | $-240.7M | $66.3M |
| Financing Activities | ||||||||
| Dividends Paid | $48.4M | $62.0M | $94.0M | $107.7M | $118.1M | $120.0M | $129.8M | $107.4M |
| Stock Repurchases | $443.7M | $170.8M | $335.3M | $361.0M | $157.7M | $104.8M | — | — |
| Net Cash from Financing Activities | $-510.5M | $-290.8M | $-158.8M | $-730.1M | $189.9M | $119.5M | $-190.3M | $-193.5M |
| Net Change in Cash | $-79.9M | $-17.2M | $-73.6M | $-28.0M | $38.8M | $120.8M | $-257.0M | $61.0M |
| Free Cash Flow | — | — | — | — | — | — | — | — |