← BRANDYWINE REALTY TRUST

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — $54.0m ($197.4m) ($196.5m) ($178.9m)
Net Income (Loss) Attributable to Parent $40.2m $120.8m $136.3m $34.3m $305.5m $12.3m $53.8m ($196.8m) ($195.9m) ($178.2m)
Net Income (Loss) Available to Common Stockholders, Basic $33.0m $115.3m $136.0m $33.9m $305.1m $11.9m $53.4m ($197.4m) ($197.1m) ($179.5m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $40.5m $121.9m $137.3m $34.5m $307.3m $12.4m $54.0m ($197.4m) ($196.5m) ($178.9m)
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent $40.2m — — — — — — — — —
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $40.5m — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 — — — — — — — — —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent $0 — — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $310k $1.0m $965k $262k $1.8m $77k $168k ($614k) ($580k) ($620k)
Depreciation and amortization $189.7m $179.4m $174.3m $210.0m $188.3m $178.1m $178.0m $188.8m $178.2m $176.4m
Amortization of Debt Issuance Costs $2.7m $2.4m $2.5m $2.8m $2.9m $2.8m $3.1m $4.4m $5.0m $5.1m
Depreciation Amortization Depletion — — — — — — $178.0m $188.8m $178.2m $176.4m
Deferred Income Tax Expense (Benefit) — ($628k) $300k $100k $0 $0 $0 $0 $0 $0
Deferred Income Tax — — — — — — $55k $72k $14k $112k
Deferred Tax — — — — — — $55k $72k $14k $112k
Share-based Payment Arrangement, Noncash Expense $4.3m $4.9m $5.7m $6.9m $6.6m $7.1m $8.9m $9.8m $16.9m $17.6m
Payment, Tax Withholding, Share-based Payment Arrangement — $674k — — — — — — — —
Share-based Payment Arrangement, Expense $5.6m $6.3m $7.6m — — — — — — —
Equity Method Investment, Other than Temporary Impairment — — — — — — — $37.2m $8.4m $4.1m
Asset Impairment Charge — — — — — — $4.7m $131.6m $44.7m $63.4m
Income (Loss) from Equity Method Investments ($11.5m) ($8.3m) ($15.2m) ($9.9m) ($18.6m) ($26.7m) ($22.0m) ($77.9m) ($191.6m) ($57.7m)
Gain (Loss) on Extinguishment of Debt ($66.6m) ($3.9m) ($105k) $0 $0 $0 ($435k) $138k $941k ($12.2m)
Income Tax Expense (Benefit) — ($628k) $423k $12k ($224k) $47k $55k $72k $14k $112k
Operating Lease, Expense — — $154.8m $154.4m — — — — — —
Earnings (Loss)es From Equity Investments — — — — — — $23.5m $77.9m $191.6m $57.7m
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions ($12.1m) ($3.5m) — — $18.6m $26.7m $23.5m $77.9m $191.6m $57.7m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($2.4m) $6.3m ($3.5m) $248k $2.0m ($2.5m) ($1.3m) ($241k) $13k $8.8m
Increase (Decrease) in Other Operating Assets $155k ($1.2m) $14.3m ($9.4m) $5.0m $19.3m $1.1m $2.8m $7.1m $4.9m
Payments of Financing Costs $495k $4.7m $3.4m $2.0m $0 $0 $9.9m $4.4m $6.3m $7.6m
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal $117.0m $31.7m $2.9m $356k $289.5m $142k $17.7m $7.7m $2.3m $9.4m
Gain (Loss) on Sale of Properties $126.2m $32.6m $6.0m $2.4m $289.7m $3.0m $25.7m $8.9m $2.3m $9.2m
General and Administrative Expense $26.6m $28.5m $27.8m $32.2m $30.3m $30.2m $35.0m $34.9m $42.8m $42.0m
Operating Expenses — — — — — — — $189.9m $187.3m $185.2m
Proceeds from Stock Options Exercised $1.3m $1.2m $0 $3.8m $47k — — — — —
Real Estate Tax Expense $46.3m $45.2m $51.3m $62.2m $63.0m $53.6m $53.6m $50.0m $47.7m $43.6m
Beginning Cash Position — — — — — — $28.3m $18.4m $67.5m $96.2m
Cash Flow From Continuing Financing Activities — — — — — — ($28.6m) $46.8m ($32.3m) $55.7m
Cash Flow From Continuing Investing Activities — — — — — — ($190.6m) ($174.9m) ($120.2m) ($206.3m)
Change In Other Current Assets — — — — — — ($1.1m) ($2.8m) ($7.1m) ($4.9m)
Change In Other Current Liabilities — — — — — — $2.5m ($2.2m) $2.9m ($1.5m)
Change In Other Working Capital — — — — — — $1.6m ($86k) $13.1m ($13.5m)
Change In Payables And Accrued Expense — — — — — — $5.4m ($12.9m) $953k $2.7m
Change In Receivables — — — — — — $1.3m $241k ($13k) ($8.8m)
Change In Working Capital — — — — — — $9.7m ($17.8m) $9.9m ($26.0m)
Changes In Account Receivables — — — — — — $1.3m $241k ($13k) ($8.8m)
Changes In Cash — — — — — — ($9.9m) $49.1m $28.6m ($33.9m)
End Cash Position — — — — — — $18.4m $67.5m $96.2m $62.3m
Financing Cash Flow — — — — — — ($28.6m) $46.8m ($32.3m) $55.7m
Free Cash Flow — — — — — — ($53.7m) $20.8m $51.4m $3.3m
Gain Loss On Investment Securities — — — — — — ($25.7m) ($8.9m) ($2.3m) ($9.2m)
Gain Loss On Sale Of Business — — — — — — ($26.7m) ($181k) ($56.8m) $0
Investing Cash Flow — — — — — — ($190.6m) ($174.9m) ($120.2m) ($206.3m)
Net Business Purchase And Sale — — — — — — ($47.4m) ($85.9m) ($194.0m) ($176.5m)
Operating Gains Losses — — — — — — ($28.4m) $68.6m $131.6m $60.7m
Other Non Cash Items — — — — — — ($17.6m) ($6.4m) ($3.6m) $3.4m
Proceeds From Stock Option Exercised — — — — — — ($2.9m) ($371k) ($1.0m) ($1.5m)
Provisionand Write Offof Assets — — — — — $0 $0 — — —
Purchase Of Business — — — — — — ($47.4m) ($85.9m) ($194.0m) ($176.5m)
Repurchase Of Capital Stock — — — — — — ($4.0m) ($5k) $0 $0
Stock Based Compensation — — — — — — $8.9m $9.8m $16.9m $17.6m
Derivative, Gain (Loss) on Derivative, Net $0 — — — — — — — — —
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $0 — — — — — — — — —
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax $0 — — — — — — — — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax ($1.1m) ($1.2m) ($1.2m) ($770k) — — — — — —
Net Cash Provided by (Used in) Operating Activities $172.2m $182.0m $227.3m $234.2m $225.8m $190.9m $209.3m $177.3m $181.1m $116.7m
Cash flows from investing activities:
Capital Expenditure — — — — — — ($263.0m) ($156.5m) ($129.8m) ($113.4m)
Capital Expenditure Reported — — — — — — ($263.0m) ($156.5m) ($129.8m) ($113.4m)
Payments to Acquire Investments $3.4m $0 $175.2m $0 — — — — — —
Net Investment Properties Purchase And Sale — — — — — — $55.9m $72.6m $155.9m $74.3m
Purchase Of Investment Properties — — — — — — ($8.3m) ($7.7m) $0 $0
Sale Of Investment Properties — — — — — — $64.2m $80.3m $155.9m $74.3m
Net Other Investing Changes — — — — — — $17.1m ($8.9m) ($8.9m) ($3.9m)
Net Cash Provided by (Used in) Investing Activities $500.9m $79.8m ($214.5m) ($130.7m) $18.3m ($100.3m) ($190.6m) ($174.9m) ($120.2m) ($206.3m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $828.0m $543.8m $619.9m $736.2m
Long Term Debt Issuance — — — — — — $828.0m $543.8m $619.9m $736.2m
Net Issuance Payments Of Debt — — — — — — $119.4m $176.2m $79.9m $158.2m
Net Long Term Debt Issuance — — — — — — $119.4m $176.2m $79.9m $158.2m
Net Short Term Debt Issuance — — — — — $23.0m $65.5m ($88.5m) — —
Short Term Debt Issuance — — — — — $154.0m $478.0m $215.0m — —
Long Term Debt Payments — — — — — — ($708.6m) ($367.7m) ($540.1m) ($578.0m)
Repayment Of Debt — — — — — — ($708.6m) ($367.7m) ($540.1m) ($578.0m)
Short Term Debt Payments — — — — — ($131.0m) ($412.5m) ($303.5m) — —
Proceeds from Issuance of Common Stock $0 $51.2m $416k $0 $0 — — — — —
Net Common Stock Issuance — — — — — — ($4.0m) ($5k) $0 $0
Payments for Repurchase of Common Stock $0 $0 $21.8m $17.3m $60.0m $0 $0 — — —
Common Stock Payments — — — — — — ($4.0m) ($5k) $0 $0
Dividends paid $115.7m $116.3m $128.9m $134.1m — — — — — —
Dividends Payable $30.0m $32.5m $33.6m $33.8m $32.7m $32.8m $32.8m $26.0m $26.3m $14.1m
Cash Dividends Paid — — — — — — ($130.7m) ($124.3m) ($104.5m) ($93.0m)
Common Stock Dividend Paid — — — — — — ($130.7m) ($124.3m) ($104.5m) ($93.0m)
Dividends Received CFI — — — — — — $46.9m $3.8m $56.6m $13.1m
Net Other Financing Charges — — — — — — ($10.3m) ($4.7m) ($6.6m) ($7.9m)
Net Cash Provided by (Used in) Financing Activities ($535.9m) ($253.6m) ($193.1m) ($35.6m) ($288.2m) ($109.3m) ($28.6m) $46.8m ($32.3m) $55.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — $8.8m ($180.2m) $68.0m ($44.1m) ($18.8m) ($9.9m) $49.1m $28.6m ($33.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — $8.8m $23.2m $91.2m $47.1m $28.3m $18.4m $67.5m $96.2m $62.3m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($9.9m) $49.1m $28.6m ($33.9m)
Interest Paid, Excluding Capitalized Interest, Operating Activities $97.8m $83.1m $76.9m $66.5m $79.5m $72.4m $85.8m $107.8m $132.3m $132.0m
Income Taxes Paid, Net $0 $225k $405k $1.4m $688k $785k $902k $550k $571k $112k

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.