← COUSINS PROPERTIES 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 | — | — | — | — | — | — | $167.4m | $83.8m | $46.6m | $41.3m | |
| Net Income (Loss) Attributable to Parent | $79.1m | $220.0m | $80.8m | $152.7m | $238.1m | $279.0m | $166.8m | $83.0m | $46.0m | $40.5m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $79.1m | $216.3m | $79.2m | $150.4m | $237.3m | $278.6m | $166.8m | $83.0m | $46.0m | $40.5m | |
| Gain (Loss) on Disposition of Real Estate, Discontinued Operations | — | — | — | — | $90.1m | $152.5m | ($9k) | $504k | $98k | $0 | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $80.1m | $220.0m | $80.8m | $152.7m | $238.1m | $279.0m | $167.4m | $83.8m | $46.6m | $41.3m | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $60.9m | $220.0m | $80.8m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $19.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $19.2m | $0 | $0 | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $995k | $3.7m | $1.6m | $2.3m | $836k | $410k | $652k | $853k | $619k | $749k | |
| Depreciation, Depletion and Amortization | $97.9m | $196.7m | $181.4m | $257.1m | $288.6m | $288.1m | $295.6m | $314.9m | $365.0m | $415.4m | |
| Amortization of Debt Issuance Costs | ($1.6m) | ($2.1m) | $2.4m | $1.5m | ($888k) | ($437k) | ($99k) | $4.1m | $4.0m | $4.5m | |
| Amortization of Debt Issuance Costs and Discounts | ($1.6m) | ($2.1m) | $2.4m | $1.5m | ($888k) | ($437k) | ($99k) | $4.1m | $4.0m | $4.5m | |
| Amortization of Intangible Assets | $24.0m | $42.4m | $27.0m | $45.6m | $43.1m | $32.7m | $21.4m | $15.5m | $13.0m | $10.8m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $295.6m | $314.9m | $365.0m | $415.4m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | $9.4m | $10.6m | $10.0m | $12.0m | $14.8m | $16.5m | |
| Asset Impairment Charge | — | — | — | — | — | — | $0 | $0 | $0 | $14.3m | |
| Income (Loss) from Equity Method Investments | $10.6m | $47.1m | $12.2m | $12.7m | $7.9m | $6.8m | $7.7m | $2.3m | ($2.8m) | ($8.2m) | |
| Gain (Loss) on Extinguishment of Debt | ($5.2m) | $2.3m | $8k | $0 | $0 | — | $169k | $0 | $0 | — | |
| Income Tax Expense (Benefit) | $0 | — | — | — | — | — | — | — | — | — | |
| Operating Lease, Expense | — | — | — | $3.9m | — | — | — | — | — | — | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | ($7.7m) | ($2.3m) | $2.8m | $8.2m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Other Operating Assets | ($2.2m) | ($11.5m) | $6.0m | $10.1m | $2.4m | ($5.5m) | ($1.7m) | $7.7m | $2.1m | $8.8m | |
| Payments of Financing Costs | — | $2.1m | $6.2m | $2.9m | $73k | $3.0m | $8.2m | $71k | $8.2m | $5.8m | |
| Goodwill | $1.7m | $1.7m | $1.7m | $1.7m | $1.7m | $1.7m | $1.7m | $1.7m | $1.7m | $1.7m | |
| Beginning Cash Position | — | — | — | — | — | — | $10.2m | $5.1m | $6.0m | $7.3m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($35.7m) | ($71.7m) | $906.5m | $21.8m | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($334.5m) | ($295.7m) | ($1.3b) | ($425.7m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($9.2m) | $8.5m | $24.2m | ($3.7m) | |
| Change In Receivables | — | — | — | — | — | — | $1.7m | ($7.7m) | ($2.1m) | ($8.8m) | |
| Change In Working Capital | — | — | — | — | — | — | ($7.4m) | $748k | $22.1m | ($12.4m) | |
| Changes In Cash | — | — | — | — | — | — | ($5.0m) | $902k | $1.3m | ($1.6m) | |
| End Cash Position | — | — | — | — | — | — | $5.1m | $6.0m | $7.3m | $5.7m | |
| Financing Cash Flow | — | — | — | — | — | — | ($35.7m) | ($71.7m) | $906.5m | $21.8m | |
| Free Cash Flow | — | — | — | — | — | — | $22.9m | $88.8m | $147.5m | $135.0m | |
| Gain Loss On Investment Securities | — | — | — | — | — | ($152.5m) | $9k | ($504k) | ($98k) | — | |
| Gain Loss On Sale Of Business | — | — | — | — | — | ($13.1m) | ($56.3m) | $0 | $0 | — | |
| Investing Cash Flow | — | — | — | — | — | — | ($334.5m) | ($295.7m) | ($1.3b) | ($425.7m) | |
| Issuance Of Capital Stock | — | — | — | — | — | — | $103.6m | $443k | $468.0m | $46k | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($9.1m) | ($31.4m) | ($47.5m) | ($40.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($64.1m) | ($2.8m) | $2.7m | $8.2m | |
| Other Non Cash Items | — | — | — | — | — | — | ($41.8m) | ($43.9m) | ($54.6m) | ($82.3m) | |
| Proceeds From Stock Option Exercised | — | — | — | — | — | — | $0 | $0 | ($1.1m) | ($1.9m) | |
| Purchase Of Business | — | — | — | — | — | — | ($47.9m) | ($31.4m) | ($47.5m) | ($40.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | $0 | $0 | ($1.1m) | — | |
| Sale Of Business | — | — | — | — | — | $67.1m | $38.8m | $0 | $0 | — | |
| Stock Based Compensation | — | — | — | — | — | — | $10.1m | $12.0m | $14.8m | $16.5m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | $0 | — | — | — | — | — | — | — | — | |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $19.2m | $0 | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $111.3m | $211.6m | $229.0m | $303.2m | $351.1m | $389.5m | $365.2m | $368.4m | $400.2m | $402.3m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($342.2m) | ($279.5m) | ($252.7m) | ($267.2m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($342.2m) | ($279.5m) | ($252.7m) | ($267.2m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $0 | $4.2m | ($838.0m) | ($247.8m) | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $0 | ($167.2m) | — | |
| Purchase Of Investment | — | — | — | — | — | — | $0 | $0 | ($167.2m) | — | |
| Purchase Of Investment Properties | — | — | — | — | — | — | $0 | $0 | ($838.0m) | ($247.8m) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | — | ($9k) | $504k | $98k | $0 | |
| Sale Of Investment Properties | — | — | — | — | — | $555.3m | $0 | $4.2m | — | $0 | |
| Payments for (Proceeds from) Other Investing Activities | $3.2m | ($6.6m) | $4.0m | $0 | $0 | — | — | — | — | — | |
| Net Other Investing Changes | — | — | — | — | — | — | — | — | ($167.2m) | $129.4m | |
| Net Cash Provided by (Used in) Investing Activities | $460.9m | $112.1m | ($284.5m) | ($357.4m) | ($132.5m) | ($191.1m) | ($334.5m) | ($295.7m) | ($1.3b) | ($425.7m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $870.8m | $382.9m | $2.3b | $1.0b | |
| Long Term Debt Issuance | — | — | — | — | — | — | $870.8m | $382.9m | $2.3b | $1.0b | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $101.8m | $120.2m | $644.5m | $246.8m | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | $101.8m | $120.2m | $644.5m | $246.8m | |
| Net Short Term Debt Issuance | — | — | — | — | — | ($3.9m) | ($171.9m) | $128.5m | — | — | |
| Short Term Debt Issuance | — | — | — | — | — | $855.5m | $428.7m | $382.9m | — | — | |
| Long Term Debt Payments | — | — | — | — | — | — | ($769.0m) | ($262.7m) | ($1.7b) | ($776.2m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($769.0m) | ($262.7m) | ($1.7b) | ($776.2m) | |
| Short Term Debt Payments | — | — | — | — | — | ($859.4m) | ($600.6m) | ($254.4m) | — | — | |
| Proceeds from Issuance of Common Stock | — | $212.9m | — | $0 | $0 | $350.0m | $103.1m | $0 | $468.0m | $46k | |
| Common Stock Issuance | — | — | — | — | — | — | $103.6m | $443k | $468.0m | $46k | |
| Net Common Stock Issuance | — | — | — | — | — | — | $103.6m | $443k | $468.0m | $46k | |
| Payments for Repurchase of Common Stock | $13.7m | $0 | $0 | — | — | — | — | — | — | — | |
| Payments of Ordinary Dividends, Common Stock | $50.5m | $99.2m | $107.2m | $142.9m | $176.3m | $182.8m | $192.3m | $194.3m | $195.4m | $215.8m | |
| Common Stock Payments | — | — | — | — | — | — | $0 | $0 | ($1.1m) | — | |
| Proceeds from Noncontrolling Interests | — | $2.6m | $1.5m | $8.1m | $5.2m | $6.2m | $2.9m | $3.1m | $24k | $7k | |
| Proceeds from (Payments to) Noncontrolling Interests | $4.1m | — | — | — | — | — | — | — | — | — | |
| Dividends Payable | — | $25.2m | $27.3m | $42.6m | $44.7m | $47.4m | $48.5m | $49.4m | $55.1m | $58.9m | |
| Cash Dividends Paid | — | — | — | — | — | — | ($192.3m) | ($194.3m) | ($195.4m) | ($215.8m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($192.3m) | ($194.3m) | ($195.4m) | ($215.8m) | |
| Dividend Received CFO | — | — | — | — | — | — | $5.4m | $3.7m | $3.6m | $1.5m | |
| Dividends Received CFI | — | — | — | — | — | — | $16.8m | $10.9m | $0 | $0 | |
| Proceeds from (Payments for) Other Financing Activities | ($4.2m) | ($557k) | ($1.7m) | ($1.0m) | $0 | $0 | — | — | — | — | |
| Net Other Financing Charges | — | — | — | — | — | — | ($48.9m) | $2.0m | ($9.5m) | ($7.4m) | |
| Net Cash Provided by (Used in) Financing Activities | ($538.5m) | ($169.3m) | ($147.6m) | $69.2m | ($230.1m) | ($194.4m) | ($35.7m) | ($71.7m) | $906.5m | $21.8m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $33.7m | $154.4m | ($203.1m) | $14.9m | ($11.5m) | $4.0m | ($5.0m) | $902k | $1.3m | ($1.6m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $205.7m | $2.7m | $17.6m | $6.1m | $10.2m | $5.1m | $6.0m | $7.3m | $5.7m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | ($5.0m) | $902k | $1.3m | ($1.6m) | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $32.2m | $30.6m | $43.2m | $38.1m | $62.6m | $68.0m | $70.1m | $100.6m | $107.7m | $141.5m | |
| Income Taxes Paid, Net | $0 | $0 | $0 | $0 | $343k | $155k | $38k | $0 | $0 | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.