← GLADSTONE COMMERCIAL CORP

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 — — — — — — $10.8m $4.9m $24.0m $19.3m
Net Income (Loss) Attributable to Parent $4.0m $5.9m $12.3m $9.6m $14.9m $9.8m $9.3m $5.0m $24.0m $19.3m
Net Income (Loss) Available to Common Stockholders, Basic ($3.7m) ($4.9m) $973k ($4.8m) $3.1m ($4.6m) ($3.0m) ($7.7m) $11.1m $6.6m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — $12.3m $9.5m $15.0m $9.7m $9.3m $4.9m $24.0m $19.3m
Net Income (Loss) Attributable to Noncontrolling Interest — — $4k ($87k) $47k ($40k) ($23k) ($63k) $42k $6k
Depreciation and amortization $37.5m $42.8m $47.6m $52.0m $55.4m $60.3m $61.7m $57.9m $55.8m $58.2m
Amortization of Debt Issuance Costs $1.9m $1.7m $1.4m $1.6m $1.5m $1.6m $3.5m $1.6m $1.6m $2.4m
Amortization of Intangible Assets $13.4m $15.9m $17.7m $19.2m $19.4m $20.7m $19.1m $16.7m $16.3m $16.0m
Depreciation Amortization Depletion — — — — — — $60.2m $57.9m $55.8m $58.3m
Asset Impairment Charge — — — — — — $12.1m $19.3m $6.9m $9k
Gain (Loss) on Extinguishment of Debt $0 — — — — $0 $0 $2.8m $300k $0
Interest Expense Nonoperating — — — — — — — — $37.4m $41.9m
Other Nonoperating Income (Expense) — — — — — — — $204k $326k $892k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($528k) $1.9m $445k $2.2m ($2.9m) ($602k) $619k ($1.5m) ($1.3m) $448k
Payments of Financing Costs $1.5m $2.0m $386k $2.5m $606k $792k $5.4m $400k $1.4m $5.8m
Asset Retirement Obligation, Accretion Expense $100k $100k $100k $100k $100k $100k $100k $100k $100k $100k
Gain (Loss) on Sale of Properties $242k $4.0m $2.8m $3.0m $8.1m ($1.1m) $10.1m $7.7m $14.2m $367k
General and Administrative Expense $2.1m $2.4m $2.4m $3.2m $3.3m $3.2m $3.7m $4.4m $3.9m $4.0m
Nonoperating Income (Expense) ($26.8m) ($20.5m) ($23.3m) ($24.6m) ($18.3m) ($25.2m) ($22.0m) ($26.6m) ($22.5m) ($40.7m)
Operating Expenses $55.6m $68.3m $71.1m $80.2m $99.9m $102.8m $117.8m $116.1m $102.8m $101.4m
Sales-type Lease, Selling Profit (Loss) — — — — — — — — $3.9m —
Beginning Cash Position — — — — — — $13.2m $16.0m $16.1m $15.1m
Cash Flow From Continuing Financing Activities — — — — — — $16.1m ($61.4m) ($56.3m) $134.7m
Cash Flow From Continuing Investing Activities — — — — — — ($82.5m) $1.1m ($1.7m) ($221.4m)
Change In Account Payable — — — — — — $1.6m ($11k) ($41k) $796k
Change In Other Current Assets — — — — — — ($619k) $1.5m $1.3m ($448k)
Change In Other Current Liabilities — — — — — — ($942k) ($722k) ($983k) $506k
Change In Other Working Capital — — — — — — ($1.3m) ($3.2m) ($5.5m) ($3.0m)
Change In Payable — — — — — — $1.5m ($811k) ($57k) $1.5m
Change In Payables And Accrued Expense — — — — — — $1.5m ($811k) ($57k) $1.5m
Change In Working Capital — — — — — — ($1.4m) ($3.2m) ($5.3m) ($1.5m)
Changes In Cash — — — — — — $2.8m $143k ($1.1m) $1.5m
End Cash Position — — — — — — $16.0m $16.1m $15.1m $16.6m
Financing Cash Flow — — — — — — $16.1m ($61.4m) ($56.3m) $134.7m
Free Cash Flow — — — — — — $69.2m $60.4m $57.0m $88.2m
Gain Loss On Investment Securities — — — — — — ($10.1m) ($7.7m) ($14.2m) ($367k)
Gain Loss On Sale Of PPE — — — — — $1.1m ($10.1m) — — —
Investing Cash Flow — — — — — — ($82.5m) $1.1m ($1.7m) ($221.4m)
Issuance Of Capital Stock — — — — — — $49.7m $10.2m $55.4m $62.2m
Net Business Purchase And Sale — — — — — $0 $0 — — —
Net Preferred Stock Issuance — — — — — — ($360k) ($500k) ($1.7m) ($4.5m)
Operating Gains Losses — — — — — — ($10.1m) ($10.6m) ($14.5m) ($367k)
Other Non Cash Items — — — — — — ($2.5m) ($8.0m) ($9.9m) $12.4m
Preferred Stock Payments — — — — — — ($360k) ($500k) ($1.7m) ($4.5m)
Purchase Of Business — — — — — $0 $0 — — —
Repurchase Of Capital Stock — — — — — — ($360k) ($1.6m) ($1.7m) ($4.5m)
Net Cash Provided by (Used in) Operating Activities $41.2m $46.8m $55.6m $60.2m $65.5m $70.1m $69.2m $60.4m $57.0m $88.2m
Cash flows from investing activities:
Net Investment Properties Purchase And Sale — — — — — — ($80.3m) $316k ($2.5m) ($221.2m)
Purchase Of Investment Properties — — — — — — ($119.8m) ($36.7m) ($40.2m) ($228.9m)
Sale Of Investment Properties — — — — — — $39.5m $37.0m $37.6m $7.6m
Net Other Investing Changes — — — — — — ($2.2m) $822k $792k ($137k)
Net Cash Provided by (Used in) Investing Activities ($58.7m) ($99.2m) ($34.4m) ($132.0m) ($100.3m) ($94.8m) ($82.5m) $1.1m ($1.7m) ($221.4m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $50.0m $0 $47.3m $37.7m $65.0m $150.0m $0 — —
Issuance Of Debt — — — — — — $324.7m $132.6m $173.6m $473.9m
Long Term Debt Issuance — — — — — — $324.7m $132.6m $173.6m $473.9m
Net Issuance Payments Of Debt — — — — — — $43.9m ($8.6m) ($45.2m) $150.5m
Net Long Term Debt Issuance — — — — — — $43.9m ($8.6m) ($45.2m) $150.5m
Long Term Debt Payments — — — — — — ($280.8m) ($141.2m) ($218.8m) ($323.4m)
Repayment Of Debt — — — — — — ($280.8m) ($141.2m) ($218.8m) ($323.4m)
Proceeds from Issuance of Common Stock $118.4m $86.3m $18.6m $134.5m $63.6m $144.7m $49.7m $10.2m $55.4m $62.2m
Common Stock Issuance — — — — — — $49.7m $10.2m $55.4m $62.2m
Net Common Stock Issuance — — — — — — $49.7m $9.2m $55.4m $62.2m
Payments for Repurchase of Common Stock $178k $24k $34k $0 $0 — $0 $998k $0 $0
Common Stock Payments — — — — — — $0 ($1.1m) $0 $0
Dividends paid $42 $50 $55 $59 $64 $68 $71 $61 $63 $68
Cash Dividends Paid — — — — — — ($71.1m) ($60.6m) ($62.8m) ($68.2m)
Common Stock Dividend Paid — — — — — — ($71.1m) ($60.6m) ($62.8m) ($68.2m)
Net Other Financing Charges — — — — — — ($5.9m) ($834k) ($2.0m) ($5.3m)
Net Cash Provided by (Used in) Financing Activities $17.0m $54.4m ($21.2m) $74.2m $39.4m $21.8m $16.1m ($61.4m) ($56.3m) $134.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($1.7m) $1.4m $2k $2.4m $4.6m ($2.9m) $2.8m $143k ($1.1m) $1.5m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($1.7m) $1.4m $9.1m $11.5m $16.1m $13.2m $16.0m $16.1m $15.1m $16.6m
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $2.8m $143k ($1.1m) $1.5m
Interest Paid, Excluding Capitalized Interest, Operating Activities $25.3m $22.4m $25.0m $25.7m $26.1m $23.4m $27.8m $33.1m $35.7m $38.7m

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