← Easterly Government 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 — — — — — — $35.6m $21.1m $20.6m $13.6m
Net Income (Loss) Attributable to Parent $3.4m $4.4m $5.7m $7.2m $12.0m $30.1m $31.5m $18.8m $19.6m $13.0m
Net Income (Loss) Available to Common Stockholders, Basic $3.3m $4.3m $4.6m $7.1m $11.7m $29.6m $30.9m $18.2m $19.0m $12.3m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $4.7m $5.4m $6.7m $8.2m $13.5m $34.0m $35.6m $21.1m $20.6m $13.6m
Net Income (Loss) Attributable to Noncontrolling Interest $1.3m $941k $955k $1.0m $1.6m $3.9m $4.1m $2.3m $1.0m $554k
Depreciation and amortization $46.6m $54.9m $66.4m $92.4m $93.8m $91.3m $98.3m $91.3m $96.3m $113.9m
Amortization of Debt Issuance Costs $899k $1.2m $1.3m $1.4m $1.5m $1.7m $2.1m $2.1m $3.0m $3.4m
Amortization of Intangible Assets — — — — — $25.4m $25.7m $21.1m $20.3m $24.5m
Amortization Cash Flow — — — — — — ($3.1m) ($2.7m) ($1.9m) ($1.8m)
Amortization Of Intangibles — — — — — — ($3.1m) ($2.7m) ($1.9m) ($1.8m)
Depreciation Amortization Depletion — — — — — — $95.1m $88.6m $94.4m $112.1m
Share-based Payment Arrangement, Noncash Expense $2.9m $3.0m $3.0m $4.9m $4.1m $5.0m $6.5m $5.7m $3.2m $6.0m
Share-based Payment Arrangement, Expense — — — — — — — $1.3m — —
Asset Impairment Charge — — — — — — $5.5m $0 $0 $2.5m
Income (Loss) from Equity Method Investments — — — — — $271k $3.4m $5.5m $6.1m $6.8m
Operating Lease, Lease Income — — — — — $267.4m $284.5m $273.9m $289.6m $321.7m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $2.9m $3.5m $2.3m $4.1m ($836k) — — — — —
Payments of Financing Costs $955k $3.4m $3.5m $2.0m — $5.3m — — $7.9m $4.9m
Gain (Loss) on Sale of Properties — ($310k) — $6.2m ($4.0m) $1.3m $13.6m — $171k —
Provision for Loan, Lease, and Other Losses — — — — — — — — $1.5m —
Financing Receivable, Credit Loss, Expense (Reversal) — — — — — — — — $1.5m ($445k)
Real Estate Tax Expense $9.9m $13.7m $17.3m $23.6m $27.1m $30.4m $30.9m $30.5m $30.9m $33.9m
Beginning Cash Position — — — — — — $20.1m $17.3m $21.9m $27.8m
Cash Flow From Continuing Financing Activities — — — — — — ($59.7m) $17.2m $252.9m $31.9m
Cash Flow From Continuing Investing Activities — — — — — — ($69.1m) ($127.0m) ($409.6m) ($285.3m)
Change In Account Payable — — — — — — ($318k) $6.1m $4.9m $4.3m
Change In Other Working Capital — — — — — — $2.0m $5.7m $45.2m $106.0m
Change In Payable — — — — — — ($318k) $6.1m $4.9m $4.3m
Change In Payables And Accrued Expense — — — — — — ($318k) $6.1m $4.9m $4.3m
Change In Prepaid Assets — — — — — — ($2.8m) ($5.6m) ($3.0m) ($12.4m)
Change In Receivables — — — — — — ($126k) ($3.2m) ($2.9m) $18.3m
Change In Working Capital — — — — — — ($1.3m) $3.1m $44.2m $116.1m
Changes In Account Receivables — — — — — — ($126k) ($3.2m) ($1.7m) $21.0m
Changes In Cash — — — — — — ($2.9m) $4.7m $5.9m $5.8m
End Cash Position — — — — — — $17.3m $21.9m $27.8m $33.6m
Financing Cash Flow — — — — — — ($59.7m) $17.2m $252.9m $31.9m
Free Cash Flow — — — — — — $125.9m $114.5m $162.6m $259.2m
Gain Loss On Investment Securities — — — — — ($1.3m) ($13.6m) — ($171k) —
Investing Cash Flow — — — — — — ($69.1m) ($127.0m) ($409.6m) ($285.3m)
Issuance Of Capital Stock — — — — — — $9.5m $86.5m $71.8m $63.6m
Net Business Purchase And Sale — — — — — — ($143.8m) ($17.7m) ($40.1m) $0
Operating Gains Losses — — — — — ($1.3m) ($13.6m) — ($171k) —
Other Non Cash Items — — — — — — ($8.4m) ($14.2m) ($13.2m) ($9.3m)
Provisionand Write Offof Assets — — — — — — $0 $0 $1.5m ($445k)
Purchase Of Business — — — — — — ($143.8m) ($17.7m) ($40.1m) $0
Stock Based Compensation — — — — — — $6.5m $5.7m $3.2m $6.0m
Net Cash Provided by (Used in) Operating Activities $47.4m $49.2m $62.8m $142.3m $145.2m $118.3m $125.9m $114.5m $162.6m $259.2m
Cash flows from investing activities:
Net Investment Properties Purchase And Sale — — — — — — $73.8m ($109.4m) ($337.4m) ($287.2m)
Purchase Of Investment Properties — — — — — — ($128.7m) ($109.4m) ($339.6m) ($290.7m)
Sale Of Investment Properties — — — — — — $202.4m $0 $2.2m $3.5m
Net Other Investing Changes — — — — — — — — ($34.2m) $2.0m
Net Cash Provided by (Used in) Investing Activities ($170.2m) ($397.7m) ($466.7m) ($442.3m) ($290.2m) ($363.0m) ($69.1m) ($127.0m) ($409.6m) ($285.3m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $230.8m $248.2m $817.5m $493.0m
Long Term Debt Issuance — — — — — — $230.8m $248.2m $817.5m $493.0m
Net Issuance Payments Of Debt — — — — — — $40.1m $43.5m $305.8m $70.4m
Net Long Term Debt Issuance — — — — — — $40.1m $43.5m $305.8m $70.4m
Long Term Debt Payments — — — — — — ($190.6m) ($204.8m) ($511.8m) ($422.6m)
Repayment Of Debt — — — — — — ($190.6m) ($204.8m) ($511.8m) ($422.6m)
Proceeds from Issuance of Common Stock $110.0m $126.3m $297.8m $258.6m $162.0m $175.9m $9.5m $86.5m $71.8m $63.6m
Common Stock Issuance — — — — — — $9.5m $86.5m $71.8m $63.6m
Net Common Stock Issuance — — — — — — $9.5m $86.5m $71.8m $63.6m
Payments of Ordinary Dividends, Common Stock $40.3m $49.2m $66.0m $81.9m $91.7m $100.0m $109.2m $112.4m $115.9m $94.6m
Cash Dividends Paid — — — — — — ($109.2m) ($112.4m) ($115.9m) ($94.6m)
Common Stock Dividend Paid — — — — — — ($109.2m) ($112.4m) ($115.9m) ($94.6m)
Dividend Received CFO — — — — — — $6.4m $10.2m $12.1m $18.6m
Dividends Received CFI — — — — — — $983k $103k $2.0m $0
Net Other Financing Charges — — — — — — ($136k) ($397k) ($8.8m) ($7.5m)
Net Cash Provided by (Used in) Financing Activities $119.5m $356.4m $398.9m $304.5m $144.1m $250.2m ($59.7m) $17.2m $252.9m $31.9m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($3.4m) $9.7m ($5.1m) $4.4m ($880k) $5.5m ($2.9m) $4.7m $5.9m $5.8m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($2.9m) $4.7m $5.9m $5.8m
Interest Paid, Excluding Capitalized Interest, Operating Activities $7.5m $15.2m $21.3m $29.1m $34.2m $35.5m $40.2m $47.5m $57.2m $69.2m

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