← Clipper Realty 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 — — — — — — ($12.6m) ($15.6m) ($6.6m) ($52.3m)
Net Income (Loss) Available to Common Stockholders, Basic ($3.8m) ($2.4m) ($3.6m) ($1.7m) ($4.9m) ($7.6m) ($4.8m) ($5.9m) ($2.5m) ($19.9m)
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest ($12.3m) ($6.0m) ($9.0m) ($4.1m) ($12.2m) ($20.0m) ($12.6m) ($15.6m) ($6.6m) ($52.3m)
Net Income (Loss) Attributable to Noncontrolling Interest ($8.6m) ($3.6m) ($5.4m) ($2.5m) ($7.3m) ($12.4m) ($7.8m) ($9.7m) ($4.1m) ($32.4m)
Depreciation and amortization $15.3m $16.7m $18.0m $19.6m $23.6m $25.8m $27.0m $28.9m $29.9m $31.3m
Amortization of Debt Issuance Costs $5.2m $2.9m $1.3m $1.7m $1.2m $1.2m $1.3m $1.7m $2.1m $2.7m
Amortization of Intangible Assets — $2.8m $1.7m $118k $963k $0 $687k $595k $587k $583k
Depreciation $13.5m $15.5m $16.8m $19.0m $23.1m $25.5m $26.8m $28.8m $29.8m $31.2m
Amortization Cash Flow — — — — — ($104k) ($35k) ($18k) $0 —
Amortization Of Intangibles — — — — — ($104k) ($35k) ($18k) $0 —
Depreciation Amortization Depletion — — — — — — $26.7m $28.8m $29.8m $31.2m
Share-based Payment Arrangement, Noncash Expense $2.5m $3.1m $1.9m $1.5m $1.8m $2.6m $2.9m $3.0m $2.7m $4.3m
Impairment of Intangible Assets, Finite-lived — — — — — $0 — — — —
Asset Impairment Charge — — — — — — ($236k) ($87k) $30k $33.8m
Gain (Loss) on Extinguishment of Debt — — ($8.9m) ($2.4m) ($4.2m) ($3.0m) $0 ($3.9m) $0 ($2.6m)
Gain (Loss) on Disposition of Assets — — — — — — — — — ($857k)
Income Tax Expense (Benefit) — $0 $0 — $0 $0 $0 $0 $0 $0
Interest Expense Nonoperating — — — — — — — — ($47.1m) ($53.0m)
Additional Financial Items
Payments of Financing Costs $8.3m $4.9m $12.3m $4.5m $5.2m $7.3m $335k $9.7m $0 —
Gain (Loss) on Termination of Lease — — $0 $0 $838k $0 — — — $0
General and Administrative Expense $8.4m $9.9m $9.9m $9.2m $9.7m $10.6m $12.8m $13.2m $14.2m $15.5m
Insured Event, Gain (Loss) — — $194k — $85k $139k $0 — — —
Revenue from Contract with Customer, Including Assessed Tax — — — $116.2m $122.8m $122.7m $129.7m $138.2m $148.8m $153.2m
Beginning Cash Position — — — — — — $52.2m $30.7m $36.2m $38.1m
Cash Flow From Continuing Financing Activities — — — — — — $9.8m $20.7m $38.7m ($14.6m)
Cash Flow From Continuing Investing Activities — — — — — — ($51.5m) ($41.4m) ($68.8m) $12.1m
Change In Other Current Liabilities — — — — — — ($22k) $900k $345k $1.6m
Change In Payables And Accrued Expense — — — — — — $1.2m ($707k) ($948k) $4.1m
Change In Prepaid Assets — — — — — — $616k $3.5m $4.8m ($4.5m)
Change In Receivables — — — — — — ($310k) ($86k) ($1.2m) ($2.4m)
Change In Working Capital — — — — — — $1.5m $3.6m $3.0m ($1.3m)
Changes In Cash — — — — — — ($21.6m) $5.6m $1.8m $20.1m
End Cash Position — — — — — — $30.7m $36.2m $38.1m $58.2m
Financing Cash Flow — — — — — — $9.8m $20.7m $38.7m ($14.6m)
Free Cash Flow — — — — — — $20.1m $26.2m $31.9m $22.6m
Gain Loss On Sale Of PPE — — — — — — — — $0 $857k
Investing Cash Flow — — — — — — ($51.5m) ($41.4m) ($68.8m) $12.1m
Net Business Purchase And Sale — — — — — ($2.0m) $2.0m $0 — —
Operating Gains Losses — — — — — $3.0m — $3.9m — $3.5m
Other Non Cash Items — — — — — — $1.8m $2.5m $3.0m $3.4m
Sale Of Business — — — — — — $2.0m $0 — —
Stock Based Compensation — — — — — — $2.9m $3.0m $2.7m $4.3m
Gain (Loss) on Derivative Instruments, Net, Pretax $139k ($261k) $208k — $0 — — — — —
Net Cash Provided by (Used in) Operating Activities $9.3m $10.4m $27.3m $23.8m $16.0m $10.8m $20.1m $26.2m $31.9m $22.6m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $18.2m $22.7m $45.6m $42.6m $33.2m $80.8m $52.1m $46.3m $69.7m —
Net Investment Properties Purchase And Sale — — — — — — ($53.5m) ($41.4m) ($68.8m) $12.2m
Net Investment Purchase And Sale — — — — — $0 — — $0 ($97k)
Purchase Of Investment Properties — — — — — — ($53.5m) ($41.4m) ($68.8m) ($31.3m)
Sale Of Investment Properties — — — — — — — — $0 $43.5m
Net Cash Provided by (Used in) Investing Activities ($121.3m) ($187.7m) ($39.3m) ($74.9m) ($31.7m) ($77.9m) ($51.5m) ($41.4m) ($68.8m) $12.1m
Cash flows from financing activities:
Issuance Of Debt — — — — — — $29.4m $132.5m $58.3m $254.9m
Long Term Debt Issuance — — — — — — $29.4m $132.5m $58.3m $254.9m
Net Issuance Payments Of Debt — — — — — — $27.2m $47.8m $56.3m $10.9m
Net Long Term Debt Issuance — — — — — — $27.2m $47.8m $56.3m $10.9m
Long Term Debt Payments — — — — — — ($2.2m) ($84.7m) ($2.0m) ($244.1m)
Repayment Of Debt — — — — — — ($2.2m) ($84.7m) ($2.0m) ($244.1m)
Payments for Repurchase of Common Stock — — — — $10.0m $0 — — — —
Dividends paid $10.0m $16.6m $17.0m $17.1m $17.2m $16.8m $17.1m $17.4m $17.6m $18.5m
Cash Dividends Paid — — — — — — ($17.1m) ($17.4m) ($17.6m) ($18.5m)
Common Stock Dividend Paid — — — — — — ($17.1m) ($17.4m) ($17.6m) ($18.5m)
Net Other Financing Charges — — — — — ($7.3m) ($335k) ($9.7m) — ($7.0m)
Net Cash Provided by (Used in) Financing Activities $24.1m $147.6m $41.1m $62.2m $47.8m $30.3m $9.8m $20.7m $38.7m ($14.6m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — — $11.1m $32.1m ($36.8m) ($21.6m) $5.6m $1.8m $20.1m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — ($27.0m) $24.2m $56.9m $89.0m $52.2m $30.7m $36.2m $38.1m $58.2m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($21.6m) $5.6m $1.8m $20.1m
Interest Paid, Excluding Capitalized Interest, Operating Activities $33.5m $33.6m $31.1m $34.0m $39.6m $40.2m $39.0m $45.3m $44.0m $49.0m

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