← Brixmor Property Group Inc.
| 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 | — | — | — | — | — | — | $354.2m | $305.1m | $339.3m | $386.3m | |
| Net Income (Loss) Attributable to Parent | $278.1m | $300.4m | $366.3m | $274.8m | $121.2m | $270.2m | $354.2m | $305.1m | $339.3m | $386.2m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $275.5m | $300.3m | $366.3m | $274.8m | $121.2m | $270.2m | $354.2m | $305.1m | $339.3m | $386.3m | |
| Gain (Loss) on Disposition of Real Estate, Discontinued Operations | $35.6m | $68.8m | $209.2m | $54.8m | $34.5m | $73.1m | $111.6m | $65.4m | $78.1m | $123.3m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $278.1m | $300.4m | $366.3m | $274.8m | $121.2m | $270.2m | $354.2m | $305.1m | $339.3m | $386.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $278.1m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $2.5m | $76k | $0 | $0 | — | — | — | — | $2k | $27k | |
| Depreciation, Depletion and Amortization | $387.3m | $375.0m | $352.2m | $332.4m | $335.6m | $327.2m | $344.7m | $362.3m | $381.4m | $414.9m | |
| Amortization of Debt Issuance Costs | $7.7m | $7.0m | $6.6m | $7.1m | $7.5m | $7.5m | $7.0m | $6.9m | $7.1m | $7.5m | |
| Amortization of Intangible Assets | $60.0m | $46.2m | $35.2m | $25.8m | $19.1m | $15.2m | $18.9m | $16.5m | $14.7m | $29.5m | |
| Amortization Cash Flow | — | — | — | — | — | — | ($12.2m) | ($12.8m) | ($11.2m) | ($16.9m) | |
| Amortization Of Intangibles | — | — | — | — | — | — | ($12.2m) | ($12.8m) | ($11.2m) | ($16.9m) | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $332.6m | $349.5m | $370.2m | $398.1m | |
| Share-based Payment Arrangement, Noncash Expense | $11.6m | $10.5m | $9.4m | $12.7m | $11.0m | $17.1m | $23.4m | $20.8m | $17.9m | $17.6m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | $2.7m | $1.9m | $1.7m | $3.5m | $5.5m | $10.5m | $11.2m | $14.1m | $12.3m | |
| Share-based Payment Arrangement, Expensed and Capitalized, Amount | — | — | $100k | $100k | $100k | — | — | — | — | — | |
| Asset Impairment Charge | — | — | — | — | — | — | $5.7m | $17.8m | $11.1m | $20.5m | |
| Income (Loss) from Equity Method Investments | $477k | $381k | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | ($832k) | $498k | ($37.1m) | ($1.6m) | ($28.1m) | ($28.3m) | ($221k) | $4.4m | $554k | ($296k) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $216.0m | $224.7m | |
| Operating Lease, Lease Income | — | — | — | — | — | $1.1b | $1.2b | $1.2b | $1.3b | $1.4b | |
| Other Nonoperating Income (Expense) | ($5.0m) | ($2.9m) | ($2.8m) | ($2.5m) | ($5.0m) | ($65k) | ($3.6m) | ($2.4m) | ($3.2m) | ($2.9m) | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | $644k | $3.6m | ($3.7m) | $179k | $475k | $448k | $551k | $845k | $551k | ($362k) | |
| Payments of Financing Costs | $10.6m | $11.1m | $56.6m | $7.3m | $34.7m | $33.7m | $8.4m | $783k | $7.7m | $16.3m | |
| Gain (Loss) on Sale of Properties | $35.6m | $68.8m | $209.2m | $54.8m | $34.5m | $73.1m | $111.6m | $65.4m | $78.1m | $123.3m | |
| General and Administrative Expense | $92.2m | $92.2m | $93.6m | $102.3m | $98.3m | $105.5m | $117.2m | $117.1m | $116.4m | $112.7m | |
| Marketable Securities, Unrealized Gain (Loss) | — | — | — | — | — | — | ($800k) | ($200k) | $100k | ($200k) | |
| Nonoperating Income (Expense) | ($196.3m) | ($159.9m) | ($45.2m) | ($138.5m) | ($198.1m) | ($149.8m) | ($84.4m) | ($122.7m) | ($119.8m) | ($96.8m) | |
| Operating Costs and Expenses | $133.4m | $136.1m | $136.2m | $124.9m | $111.7m | $132.0m | $141.4m | $146.5m | $152.8m | $162.3m | |
| Operating Expenses | $801.8m | $827.9m | $822.8m | $755.0m | $734.0m | $732.3m | $779.5m | $817.2m | $826.0m | $888.6m | |
| Real Estate Tax Expense | $174.5m | $179.1m | $177.4m | $171.0m | $168.9m | $165.7m | $170.4m | $173.5m | $164.3m | $178.2m | |
| Revenue from Contract with Customer, Including Assessed Tax | — | — | — | $1.2b | $1.1b | $1.2b | $1.2b | $1.2b | $1.3b | $1.4b | |
| Beginning Cash Position | — | — | — | — | — | — | $297.7m | $21.3m | $18.9m | $378.7m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($380.4m) | ($428.1m) | $172.1m | ($216.9m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($462.5m) | ($163.1m) | ($437.0m) | ($452.2m) | |
| Change In Account Payable | — | — | — | — | — | — | $24.7m | $15.4m | $27k | $17.9m | |
| Change In Other Current Assets | — | — | — | — | — | — | ($551k) | ($845k) | ($551k) | $362k | |
| Change In Other Working Capital | — | — | — | — | — | — | ($38.4m) | ($40.5m) | ($33.5m) | ($37.2m) | |
| Change In Payable | — | — | — | — | — | — | $24.7m | $15.4m | $27k | $17.9m | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | $24.7m | $15.4m | $27k | $17.9m | |
| Change In Receivables | — | — | — | — | — | — | ($32.0m) | ($16.5m) | ($8.0m) | ($35.3m) | |
| Change In Working Capital | — | — | — | — | — | — | ($46.3m) | ($42.4m) | ($42.0m) | ($54.3m) | |
| Changes In Cash | — | — | — | — | — | — | ($276.5m) | ($2.4m) | $359.8m | ($17.2m) | |
| End Cash Position | — | — | — | — | — | — | $21.3m | $18.9m | $378.7m | $361.5m | |
| Financing Cash Flow | — | — | — | — | — | — | ($380.4m) | ($428.1m) | $172.1m | ($216.9m) | |
| Free Cash Flow | — | — | — | — | — | — | $566.4m | $588.8m | $624.7m | $652.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($111.6m) | ($65.4m) | ($78.1m) | ($123.3m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($462.5m) | ($163.1m) | ($437.0m) | ($452.2m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $5.1m | $53.1m | $0 | $114.7m | — | |
| Operating Gains Losses | — | — | — | — | — | — | ($111.3m) | ($69.8m) | ($78.6m) | ($123.0m) | |
| Other Non Cash Items | — | — | — | — | — | — | $8.1m | $7.8m | $6.8m | $7.0m | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | ($10.5m) | ($11.2m) | ($14.1m) | ($12.3m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | $0 | $0 | — | — | ($449k) | |
| Stock Based Compensation | — | — | — | — | — | — | $23.4m | $20.8m | $17.9m | $17.6m | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | $5.0m | $2.2m | $12.2m | $6.4m | ($8.4m) | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $567.2m | $551.9m | $541.7m | $528.7m | $443.1m | $552.2m | $566.4m | $588.8m | $624.7m | $652.0m | |
| Cash flows from investing activities: | |||||||||||
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($460.2m) | ($165.2m) | ($437.0m) | ($451.5m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | ($2.2m) | $2.1m | ($35k) | ($743k) | |
| Purchase Of Investment | — | — | — | — | — | — | ($25.3m) | ($21.3m) | ($30.1m) | ($15.5m) | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($740.0m) | ($347.4m) | ($647.1m) | ($740.6m) | |
| Sale Of Investment | — | — | — | — | — | — | $23.1m | $23.4m | $30.0m | $14.8m | |
| Sale Of Investment Properties | — | — | — | — | — | — | $279.8m | $182.3m | $210.1m | $289.2m | |
| Net Cash Provided by (Used in) Investing Activities | ($151.6m) | ($52.9m) | $669.6m | ($172.1m) | ($167.2m) | ($331.0m) | ($462.5m) | ($163.1m) | ($437.0m) | ($452.2m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $800.0m | $725.5m | $876.2m | $1.5b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $800.0m | $725.5m | $876.2m | $1.5b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($125.0m) | ($100.8m) | $410.2m | $166.4m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($125.0m) | ($100.8m) | $410.2m | $166.4m | |
| Net Short Term Debt Issuance | — | — | — | — | — | $0 | $125.0m | ($106.5m) | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $0 | $800.0m | $525.5m | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($925.0m) | ($826.3m) | ($465.9m) | ($1.3b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($925.0m) | ($826.3m) | ($465.9m) | ($1.3b) | |
| Short Term Debt Payments | — | — | — | — | — | $0 | ($675.0m) | ($632.0m) | — | — | |
| Proceeds from Issuance of Common Stock | — | — | — | — | — | $5.1m | $53.1m | $0 | $114.7m | ($449k) | |
| Common Stock Issuance | — | — | — | — | — | $5.1m | $53.1m | $0 | $114.7m | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | $53.1m | $0 | $114.7m | ($449k) | |
| Payments for Repurchase of Common Stock | $3.3m | $5.9m | $104.7m | $14.6m | $25.0m | $0 | $0 | — | — | — | |
| Common Stock Payments | — | — | — | — | — | $0 | $0 | — | — | ($449k) | |
| Proceeds from Noncontrolling Interests | — | — | — | — | — | — | — | — | $242k | $0 | |
| Other Interest and Dividend Income | $542k | $365k | $519k | $699k | $482k | $299k | $314k | $666k | $20.8m | $7.7m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($289.6m) | ($315.3m) | ($331.2m) | ($354.2m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($289.6m) | ($315.3m) | ($331.2m) | ($354.2m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($8.4m) | ($783k) | ($7.5m) | ($16.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($433.7m) | ($491.2m) | ($1.3b) | ($385.9m) | $72.7m | ($293.6m) | ($380.4m) | ($428.1m) | $172.1m | ($216.9m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($8.1m) | $110.8m | $50.8m | $21.5m | $370.1m | $297.7m | $21.3m | $18.9m | $378.7m | $361.5m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($276.5m) | ($2.4m) | $359.8m | ($17.2m) | |
| Income Tax Paid Supplemental Data | — | — | — | — | — | — | $2.0m | $2.3m | $2.3m | $2.4m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $228.4m | $223.2m | $212.9m | $178.9m | $183.2m | $191.0m | $187.3m | $187.0m | $189.3m | $219.8m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.