← LXP Industrial Trust

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 (Loss) Attributable to Parent $95.6m $85.6m $227.4m $279.9m $183.3m $382.6m $113.8m $30.4m $44.5m $113.2m
Net Income (Loss) Available to Common Stockholders, Basic $89.1m $79.1m $220.8m $273.2m $176.8m $375.8m $107.3m $23.9m $37.9m $106.5m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest $96.5m $86.6m $230.9m $285.3m $186.4m $385.1m $116.2m $35.9m $42.8m $117.6m
Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $96.5m $86.6m $230.9m $285.3m $186.4m $385.1m $116.2m $35.9m $42.8m $117.6m
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest $0 $0 — — — — — — — —
Net Income (Loss) Attributable to Noncontrolling Interest $826k $1.0m $3.5m $5.4m $3.1m $2.4m $2.5m $5.5m ($1.7m) $4.5m
Depreciation, Depletion and Amortization $170.0m $177.6m $172.1m $150.4m $164.3m $179.5m $183.4m $186.5m $196.6m $200.1m
Amortization of right of use assets — — $0 $3.6m $3.8m $3.7m $4.0m $4.1m $4.2m $4.5m
Principal amortization payments ($26.8m) ($30.1m) ($29.7m) ($24.3m) ($19.4m) ($13.6m) ($11.3m) ($12.3m) ($5.4m) ($5.6m)
Principal payments on debt, excluding normal amortization ($110.0m) ($50.8m) ($14.6m) ($89.2m) $0 ($14.6m) $0 $0 $0 ($50.0m)
Reduction of accumulated depreciation and amortization related to an expired Ground Lease in Palo Alto, California — — — — — — — $29.4m $0 $0
Share-based Payment Arrangement, Expense $8.4m $8.3m $6.9m $5.8m $6.2m $6.6m $6.6m $8.2m $9.5m $10.7m
Impairment charges $100.2m $45.0m $95.8m $5.3m $14.5m $5.5m $3.0m $16.5m $0 $0
Income (Loss) from Equity Method Investments $7.6m ($848k) $1.7m $2.9m ($169k) ($190k) $16.0m $1.4m ($3.2m) ($4.4m)
Gain (Loss) on Extinguishment of Debt ($975k) $6.2m ($2.6m) ($4.5m) $21.5m ($13.9m) ($119k) ($132k) $0 ($11.8m)
Gain (Loss) on Disposition of Property Plant Equipment — — — — $139.0m $367.3m $59.1m $33.0m $39.8m $145.6m
Income Tax Expense (Benefit) $1.4m $1.9m $1.7m $1.4m $1.6m $1.3m $1.1m $703k ($127k) $163k
Interest Expense Nonoperating — — — — — — — — $66.5m $62.9m
Operating Lease, Lease Income — — — $320.6m $325.8m $339.9m $314.0m — — —
Additional Financial Items
Payments of Financing Costs $1.8m $2.1m $690k $5.5m $3.8m $4.0m $3.6m $5.8m $0 $0
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount — — — — — — — — $209k $0
Gain (Loss) on Sale of Properties $81.5m $63.4m $252.9m $250.9m $139.0m $367.3m $59.1m $33.0m $39.8m $145.6m
Gain (Loss) Related to Litigation Settlement — ($2.0m) $0 $0 — — — — — —
General and Administrative Expense $31.1m $34.2m $31.7m $30.8m $30.4m $35.5m $38.7m $36.3m $40.0m $40.1m
Nonoperating Income (Expense) $13.0m $10.4m $3.5m $2.3m $743k $1.4m $935k $3.0m $7.7m $2.8m
Sales-type Lease, Selling Profit (Loss) — — — — — — $47.1m $0 $0 —
Gain on change in control of a subsidiary — — — — — — $0 $0 ($209k) $0
Gain on sale or disposal of, and recovery on, real estate, net ($81.5m) ($63.4m) ($252.9m) ($250.9m) ($139.0m) ($367.3m) ($59.1m) ($33.0m) ($39.8m) ($145.6m)
Change in allowance for credit loss — — — — $0 $0 $93k ($32k) ($61k) $0
Debt satisfaction losses, net — ($6.2m) $2.6m $4.5m ($21.5m) $13.9m $119k $132k $0 $11.8m
Straight-line rents ($37.4m) ($19.6m) ($20.2m) ($14.3m) ($13.6m) ($12.3m) ($11.4m) ($9.5m) ($7.1m) ($5.4m)
Other non-cash expense, net $1.7m $8.1m ($3.1m) $6.1m $6.2m $6.7m $6.1m $5.9m $7.5m $11.8m
Equity in (earnings) losses of non-consolidated entities ($7.6m) $848k ($1.7m) ($2.9m) $169k $190k ($16.0m) ($1.4m) $3.2m $4.4m
Distributions of accumulated earnings from non-consolidated entities $815k $403k $2.1m $2.6m $0 $0 $17.0m $4.6m $1.6m $0
Change in accounts payable and other liabilities ($1.7m) ($1.1m) ($129k) ($270k) $2.9m $8.0m ($1.6m) $4.4m $2.9m $979k
Change in rent receivable and prepaid rent, net ($1.8m) $2.9m ($3.9m) $3.8m $80k $1.1m $623k ($488k) $5.6m ($4.8m)
Change in accrued interest payable $808k $16k ($891k) $3.4m $1.9m $2.1m $700k $2.2m ($862k) ($1.3m)
Other adjustments, net ($1.2m) $657k ($2.8m) ($4.5m) ($4.1m) ($6.0m) ($1.9m) ($6.5m) ($5.3m) ($5.3m)
Acquisition of real estate, including intangible assets — ($558.6m) ($316.0m) ($662.0m) ($611.8m) ($758.4m) ($132.0m) ($15.0m) ($162.0m) ($32.7m)
Investment in real estate under construction ($132.2m) ($83.3m) $0 ($11.3m) ($54.0m) ($288.5m) ($276.7m) ($120.8m) ($105.7m) ($28.9m)
Insurance proceeds — — — — — — — $0 $0 $5.3m
Net proceeds from sale of properties $370.0m $223.9m $898.5m $504.1m $192.6m $728.4m $194.5m $97.8m $177.5m $380.2m
Principal payments on loans receivable — — — $0 $0 $8k $27k $1.5m $0 $0
Investments in non-consolidated entities, net ($37.2m) ($9.9m) ($10.2m) ($8.0m) ($7.5m) ($4.5m) ($3.2m) ($3.6m) ($1.3m) ($546k)
Distributions from non-consolidated entities in excess of accumulated earnings $8.2m $531k $3.3m $17.1m $8.1m $8.3m $19.9m $10.0m $7.3m $5.0m
Payments of deferred leasing costs ($6.6m) ($6.5m) ($4.5m) ($8.2m) ($4.8m) ($7.3m) ($5.2m) ($6.2m) ($7.2m) ($4.5m)
Change in real estate deposits, net ($20.8m) $20.8m ($760k) ($817k) $379k $947k ($1.7m) $867k ($168k) ($891k)
Repurchase of senior notes — — $0 $0 ($112.3m) ($188.8m) $0 $0 ($198.9m) ($140.0m)
Revolving credit facility borrowings $95.0m $270.0m $150.0m $110.0m $170.0m $555.0m $280.0m $125.0m $85.0m $0
Revolving credit facility payments ($272.0m) ($110.0m) ($310.0m) ($110.0m) ($170.0m) ($555.0m) ($280.0m) ($125.0m) ($85.0m) $0
Repurchase of trust preferred securities — — — — — — — $0 $0 ($26.7m)
Proceeds from issuance of senior notes $0 — $0 $0 $396.9m $399.0m $0 $298.3m $0 $0
Deferred financing costs ($1.8m) ($2.1m) ($690k) ($5.5m) ($3.8m) ($4.0m) ($3.6m) ($5.8m) $0 $0
Repurchase of common shares ($9.0m) $0 ($47.2m) ($3.6m) ($11.0m) $0 ($130.7m) $0 $0 ($4.0m)
Issuance of common shares, net of costs and repurchases to settle tax obligations $12.2m $16.8m ($2.8m) $197.6m $222.4m $60.6m $215.6m ($2.7m) ($2.0m) ($1.3m)
Accounts payable related to Investment in real estate under construction — — — — — — — $21.1m $14.7m $4.7m
Reclassification of Real estate, net to Investments in real estate under construction — — — — — — — $0 $0 $24.6m
Deconsolidation of Lombard Street Lots, LLC in Real estate, at cost — — — — — — — $0 $4.6m $0
Deconsolidation of Lombard Street Lots, LLC in Investments in non-consolidated entities — — — — — — — $0 $2.3m $0
Reclassification to Real estate, net from Gain on sale or disposal of, and recovery on, real estate net — — — — — — — $1.4m $0 $389k
Reduction of Real estate, net related to an expired Ground Lease in Palo Alto, California — — — — — — — $29.4m $0 $0
Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax $0 $0 — — — — — — — —
Net Cash Provided by (Used in) Operating Activities $235.3m $227.8m $217.8m $192.2m $201.8m $220.3m $194.3m $209.4m $211.2m $188.7m
Cash flows from investing activities:
Capital expenditures ($4.4m) ($15.2m) ($15.5m) ($17.8m) ($17.2m) ($15.2m) ($32.6m) ($17.9m) ($17.8m) ($24.9m)
Realization of net investment in a sales-type lease — — — — — — $0 $0 $65.8m $0
Investment in held-to-maturity securities — — — — — $0 $0 ($130.0m) $130.0m $0
Net Cash Provided by (Used in) Investing Activities ($10.2m) ($259.1m) $554.9m ($187.0m) ($494.4m) ($337.8m) ($236.9m) ($183.5m) $86.4m $298.2m
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt $0 $95.0m $0 $0 — — — — — —
Repayments of Long-term Debt $110.0m $50.8m $14.6m — — — — — — —
Payments for early extinguishment of debt ($5.6m) ($1.3m) ($5k) ($3.5m) ($11.1m) ($12.7m) $0 $0 $0 ($11.3m)
Proceeds from Issuance of Common Stock $12.2m $16.8m ($2.8m) $197.6m $222.4m $60.6m $215.6m ($2.7m) ($2.0m) —
Payments for Repurchase of Common Stock — — — $3.6m $11.0m $0 $130.7m $0 $0 $4.0m
Proceeds from Noncontrolling Interests — — — $867k $1.3m $21.4m $7.8m $714k $1.8m $1.8m
Cash distributions to noncontrolling interests ($3.4m) ($3.2m) ($3.4m) ($2.8m) ($1.9m) ($1.7m) ($1.3m) ($7.3m) ($4.4m) ($17.0m)
Cash contributions from noncontrolling interests — $0 $0 $867k $1.3m $21.4m $7.8m $714k $1.8m $1.8m
Purchase of noncontrolling interest — — — — $0 $0 ($28.0m) $0 ($27.9m) $0
Deconsolidation of Lombard Street Lots, LLC in Noncontrolling interests — — — — — — — $7.8m $2.5m $0
Dividends paid $166 $172 $176 $123 $118 $128 $142 $152 $158 $164
Dividends Payable $47 $50 $49 $32 $35 $37 $38 $40 $41 $45
Dividends to common and preferred shareholders ($166) ($172) ($176) ($123) ($118) ($128) ($142) ($152) ($158) ($164)
Net Cash Provided by (Used in) Financing Activities ($231.7m) $52.5m ($707.6m) ($53.2m) $342.6m $129.1m ($93.9m) $119.0m ($395.0m) ($418.3m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $65.1m ($47.9m) $50.1m $11.7m ($136.5m) $145.0m ($97.4m) $68.6m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $177.2m $129.3m $179.4m $191.0m $54.5m $199.5m $102.1m $170.7m
Change in cash, cash equivalents and restricted cash $13.9m ($5.6m) $65.1m ($47.9m) $50.1m $11.7m ($136.5m) $145.0m ($97.4m) $68.6m
Cash, cash equivalents and restricted cash at beginning of year $117.8m $112.2m $177.2m $129.3m $179.4m $191.0m $54.5m $199.5m $102.1m $170.7m
Cash and cash equivalents at beginning of year $86.6m $107.8m — — — — — $199.2m $101.8m $170.4m
Restricted cash at beginning of year — — — — — — — $216k $237k $257k
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — $76.6m $59.0m $52.1m $44.2m $48.7m $51.8m $66.7m $60.4m
Income Taxes Paid, Net $1.2m $2.3m $2.0m $1.5m $1.7m $1.6m $1.3m $951k $274k $923k

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