← Empire State Realty OP, L.P.

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 — — — — — — $63.2m $84.4m $80.4m $73.0m
Net Income (Loss) Attributable to Parent $106.3m $117.3m $116.3m $84.3m ($22.9m) ($13.0m) $63.2m $84.4m $80.4m $73.0m
Net Income (Loss) Available to Common Stockholders, Basic $107.2m $118.3m $117.3m $82.5m ($27.1m) ($17.2m) $59.3m $80.1m $76.2m $68.8m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $107.2m $118.3m $117.3m $84.3m ($22.9m) ($13.0m) $63.2m $84.4m $80.4m $73.0m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — — $68k $4k $0
Depreciation, Depletion and Amortization $155.2m $160.7m $168.5m $181.6m $191.0m $201.8m $216.9m $189.9m $184.8m $194.8m
Amortization of Debt Issuance Costs $5.0m $4.7m $4.1m $3.8m $4.1m $4.5m $4.9m $4.4m $4.3m $4.4m
Amortization of Debt Issuance Costs and Discounts — $1.0m $7.2m $7.3m $9.5m $10.9m $9.8m $9.1m $8.6m $8.7m
Amortization of Intangible Assets — — — — — — — — $5.2m $5.8m
Amortization Cash Flow — — — — — — $3.1m $5.4m $5.7m $4.6m
Amortization Of Intangibles — — — — — — $3.1m $5.4m $5.7m $4.6m
Depreciation Amortization Depletion — — — — — — $220.0m $195.3m $190.5m $199.4m
Deferred Income Tax Expense (Benefit) $459k $446k $0 $480k $660k ($2.3m) $1.0m $1.2m $276k $384k
Share-based Payment Arrangement, Noncash Expense $9.7m $14.1m $18.8m $20.9m $25.5m $20.3m $21.0m $20.0m $21.7m $25.2m
Payment, Tax Withholding, Share-based Payment Arrangement — — — — — — — — — $911k
Asset Impairment Charge — — — — — $7.7m $0 $0 — —
Gain (Loss) on Extinguishment of Debt $552k ($2.2m) $0 $0 ($86k) ($214k) $0 $0 ($553k) ($97k)
Income Tax Expense (Benefit) $6.1m $6.7m $4.6m $2.4m ($7.0m) ($1.7m) $1.5m $2.7m $2.7m $2.6m
Operating Lease, Lease Income — — — $586.4m $563.1m $559.7m $591.0m $597.3m $614.6m $626.2m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $3.8m $5.8m $1.3m ($4.0m) ($3.9m) ($2.9m) $5.3m $15.6m ($6.9m) ($9.3m)
Payments of Financing Costs $3.0m $13.3m $2.0m $0 $10.1m $9.5m $0 $0 $12.1m $4.3m
Gain (Loss) on Sale of Properties — — — — — — $34.0m $26.8m $13.3m $35.0m
General and Administrative Expense — — — — — — — — $70.2m $72.8m
Goodwill $491.5m $491.5m $491.5m $491.5m $491.5m $491.5m $491.5m $491.5m $491.5m $491.5m
Operating Costs and Expenses $153.8m $163.5m $167.4m $175.0m $136.1m $127.0m $157.9m $167.3m $179.2m $184.7m
Operating Expenses $493.5m $516.6m $540.7m $576.6m $550.6m $545.0m $600.0m $592.9m $609.2m $632.6m
Proceeds from Contributions from Affiliates — — — — — — $224k $187k $0 $0
Real Estate Tax Expense $96.1m $102.5m $110.0m $115.9m $121.9m $120.0m $123.1m $127.1m $128.8m $132.7m
Beginning Cash Position — — — — — — $474.6m $314.7m $407.0m $429.3m
Cash Flow From Continuing Financing Activities — — — — — — ($140.2m) ($62.9m) $158.6m $38.2m
Cash Flow From Continuing Investing Activities — — — — — — ($230.9m) ($77.3m) ($397.1m) ($550.0m)
Change In Other Working Capital — — — — — — ($40.6m) ($20.4m) ($22.2m) ($25.7m)
Change In Payables And Accrued Expense — — — — — — $4.7m $746k $13.6m $9.4m
Change In Prepaid Assets — — — — — — ($3.1m) $5.3m ($14.5m) $2.7m
Change In Receivables — — — — — — ($5.3m) ($15.6m) $6.9m $9.3m
Change In Working Capital — — — — — — ($44.3m) ($30.0m) ($16.2m) ($4.3m)
Changes In Cash — — — — — — ($160.0m) $92.3m $22.3m ($262.8m)
End Cash Position — — — — — — $314.7m $407.0m $429.3m $166.5m
Financing Cash Flow — — — — — — ($140.2m) ($62.9m) $158.6m $38.2m
Free Cash Flow — — — — — — $211.2m $232.5m $260.9m $249.1m
Gain Loss On Sale Of PPE — — — — — — ($34.0m) ($26.8m) ($13.3m) ($35.0m)
Investing Cash Flow — — — — — — ($230.9m) ($77.3m) ($397.1m) ($550.0m)
Net Business Purchase And Sale — — — — — — $0 $0 ($14.2m) $0
Net Intangibles Purchase And Sale — — — — — — $11.0m $88.9m — —
Operating Gains Losses — — — — — — ($34.0m) ($26.8m) ($12.7m) ($34.9m)
Other Non Cash Items — — — — — — ($14.8m) ($10.5m) ($2.7m) ($9.3m)
Purchase Of Business — — — — — — $0 $0 ($14.2m) $0
Purchase Of Intangibles — — — — — — ($35k) ($12k) — —
Repurchase Of Capital Stock — — — — — — ($90.2m) ($13.1m) $0 ($8.1m)
Sale Of Intangibles — — — — — — $11.0m $88.9m — —
Stock Based Compensation — — — — — — $21.0m $20.0m $21.7m $25.2m
Gain (Loss) on Derivative Instruments, Net, Pretax — ($289k) $0 $0 — — — — — —
Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax — ($1.1m) — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $218.6m $191.5m $279.0m $232.6m $182.3m $212.5m $211.2m $232.5m $260.9m $249.1m
Cash flows from investing activities:
Capital Expenditure $197.7m $228.2m $256.5m $255.9m $104.1m $398.4m ($35k) ($12k) — —
Payments to Acquire Businesses, Net of Cash Acquired $0 — — — — — — — — —
Net Investment Properties Purchase And Sale — — — — — — ($230.9m) ($77.3m) ($370.0m) ($550.0m)
Net Investment Purchase And Sale — — — — — $0 $0 $0 — —
Purchase Of Investment — — — — — — $0 $0 — —
Purchase Of Investment Properties — — — — — — ($241.9m) ($166.2m) ($370.0m) ($610.5m)
Gains (Losses) on Sales of Investment Real Estate — — — — — — $34.0m $26.8m $13.3m $35.0m
Sale Of Investment Properties — — — — — — $11.0m $88.9m $0 $60.5m
Net Other Investing Changes — — — — — ($165k) ($35k) — ($12.9m) —
Net Cash Provided by (Used in) Investing Activities ($181.8m) ($224.6m) ($643.0m) $149.7m ($143.1m) ($212.7m) ($230.9m) ($77.3m) ($397.1m) ($550.0m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $50.0m $315.0m $160.0m — — — — — — —
Issuance Of Debt — — — — — — $0 $0 $440.0m $615.0m
Long Term Debt Issuance — — — — — — $0 $0 $320.0m $420.0m
Net Issuance Payments Of Debt — — — — — — ($7.5m) ($8.6m) $213.1m $94.7m
Net Long Term Debt Issuance — — — — — — ($7.5m) ($8.6m) $93.1m ($100.3m)
Net Short Term Debt Issuance — — — — — — $0 $0 $120.0m $195.0m
Short Term Debt Issuance — — — — — — $0 $0 $120.0m $195.0m
Repayments of Long-term Debt $32.3m $346.6m $266.6m — — — — — — —
Long Term Debt Payments — — — — — — ($7.5m) ($8.6m) ($226.9m) ($520.3m)
Repayment Of Debt — — — — — — ($7.5m) ($8.6m) ($226.9m) ($520.3m)
Short Term Debt Payments — — — — — $0 $0 — — —
Proceeds from Issuance of Common Stock $611.2m $0 $4.7m $0 $0 — — — — —
Net Common Stock Issuance — — — — — — ($90.2m) ($13.1m) $0 ($8.1m)
Payments for Repurchase of Common Stock — — — — $143.7m $46.7m $90.2m $13.1m $0 $8.1m
Common Stock Payments — — — — — — ($90.2m) ($13.1m) $0 ($8.1m)
Dividends paid $114.0m $126.0m $125.6m $126.0m $60.9m $28.6m $38.6m $37.1m $38.3m $39.0m
Cash Dividends Paid — — — — — — ($38.6m) ($37.1m) ($38.3m) ($39.0m)
Net Other Financing Charges — — — — — — ($4.0m) ($4.0m) ($16.3m) ($9.5m)
Net Cash Provided by (Used in) Financing Activities $470.9m ($56.9m) $104.6m ($381.6m) $257.2m ($93.0m) ($140.2m) ($62.9m) $158.6m $38.2m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect $503.3m ($85.7m) ($259.4m) $784k $296.3m ($93.3m) ($160.0m) $92.3m $22.3m ($262.8m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $503.3m ($85.7m) $270.8m $271.6m $567.9m $474.6m $314.7m $407.0m $429.3m $166.5m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($160.0m) $92.3m $22.3m ($262.8m)
Income Tax Paid Supplemental Data — — — — — — $200k $1.4m $1.9m $3.5m
Interest Paid, Excluding Capitalized Interest, Operating Activities $69.1m $66.9m $74.2m $76.3m $75.4m $77.6m $91.0m $92.0m $94.7m $93.4m

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