← Piedmont Realty Trust, 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 | — | — | — | — | — | — | $146.8m | ($48.4m) | ($79.1m) | ($83.6m) | |
| Net Income (Loss) Attributable to Parent | $99.7m | $133.6m | $130.3m | $229.3m | $232.7m | ($1.2m) | $146.8m | ($48.4m) | ($79.1m) | ($83.6m) | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $99.7m | $133.5m | $130.3m | $229.3m | $232.7m | ($1.2m) | $146.8m | ($48.4m) | ($79.1m) | ($83.6m) | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $6.3m | $17.7m | $130.3m | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | $0 | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | ($15k) | ($15k) | ($5k) | ($5k) | ($3k) | ($14k) | $0 | $10k | $5k | $19k | |
| Depreciation, Depletion and Amortization | $155.3m | $145.8m | $128.5m | $132.6m | $142.8m | $149.2m | $166.2m | $179.4m | $177.6m | $181.2m | |
| Amortization of Debt Issuance Costs | $2.9m | $2.8m | $2.4m | $2.4m | $3.0m | $2.7m | $2.8m | $4.7m | $4.4m | $5.1m | |
| Depreciation | $127.7m | $119.3m | $108.0m | $106.0m | $110.6m | $120.6m | $133.6m | $148.5m | $156.8m | $166.5m | |
| Amortization of Deferred Charges | $75.1m | $75.4m | $63.3m | $76.7m | $93.3m | $86.0m | $90.9m | $87.8m | $69.7m | $60.6m | |
| Amortization of Debt Issuance Costs and Discounts | $1.7m | $1.6m | ($250k) | $87k | $2.1m | $3.3m | $3.8m | $5.9m | $6.8m | $8.1m | |
| Amortization of Intangible Assets | $74.4m | $73.9m | $58.3m | $71.6m | $84.5m | $78.7m | $81.8m | $78.4m | $64.1m | $57.6m | |
| Amortization Cash Flow | — | — | — | — | — | — | $81.8m | $78.4m | $64.1m | $57.6m | |
| Amortization Of Intangibles | — | — | — | — | — | — | $81.8m | $78.4m | $64.1m | $57.6m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $215.4m | $226.8m | $220.9m | $224.1m | |
| Share-based Payment Arrangement, Noncash Expense | $7.9m | $9.2m | $9.7m | $15.4m | $9.7m | $11.0m | $9.0m | $8.1m | $9.6m | $9.7m | |
| Payment, Tax Withholding, Share-based Payment Arrangement | $2.3m | $3.4m | $2.2m | $3.3m | $2.7m | $3.1m | $3.9m | $1.8m | $1.8m | $2.3m | |
| Share-based Payment Arrangement, Expense | $8.0m | $9.5m | $9.7m | $15.1m | $9.7m | $11.0m | $8.8m | $8.1m | $8.4m | $9.7m | |
| Goodwill, Impairment Loss | — | — | — | — | — | — | $16.0m | $29.4m | $0 | $0 | |
| Asset Impairment Charge | — | — | — | — | — | — | $26.0m | $29.4m | $33.8m | $0 | |
| Income (Loss) from Equity Method Investments | $362k | $3.8m | $0 | $0 | — | — | — | — | — | — | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($9.3m) | $0 | $0 | ($820k) | ($386k) | ($37.8m) | |
| Income Tax Expense (Benefit) | $415k | $13k | ($97k) | $160k | $4k | ($379k) | ($10k) | ($39k) | $2k | ($1k) | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $123.0m | $128.0m | |
| Operating Lease, Lease Income | — | — | — | $511.9m | $520.0m | $514.6m | $545.7m | $555.3m | $544.1m | $538.0m | |
| Other Nonoperating Income (Expense) | ($13k) | $657k | $1.6m | $1.6m | $2.6m | $10.2m | — | — | — | — | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Increase (Decrease) in Accounts Receivable | $26.7m | $21.4m | $16.1m | $15.7m | $30.9m | $9.7m | $14.2m | $14.1m | $11.8m | $23.6m | |
| Gain (Loss) on Sale of Properties | $93.4m | $115.9m | $75.7m | $197.0m | $205.7m | $0 | $151.7m | $1.9m | ($445k) | $2.0m | |
| General and Administrative Expense | $29.2m | $31.1m | $29.7m | $37.9m | $27.5m | $30.3m | $29.1m | $29.2m | $35.4m | $30.6m | |
| Goodwill | $98.9m | $98.9m | $98.9m | $98.9m | $98.9m | $98.9m | $82.9m | $53.5m | $53.5m | $53.5m | |
| Insured Event, Gain (Loss) | $34k | $0 | $0 | — | — | — | — | — | — | — | |
| Nonoperating Income (Expense) | ($64.5m) | ($63.6m) | $14.6m | $137.0m | $143.9m | ($41.1m) | $88.8m | ($96.2m) | ($119.5m) | ($163.0m) | |
| Operating Expenses | $484.9m | $492.9m | $410.3m | — | — | — | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $8.9m | $19.6m | $4.2m | $113.9m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | ($203.2m) | ($29.5m) | $98.2m | ($75.3m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($1.2m) | ($196.0m) | ($186.6m) | ($175.3m) | |
| Change In Other Working Capital | — | — | — | — | — | — | ($20.0m) | ($3.5m) | $1.6m | ($15.1m) | |
| Change In Payables And Accrued Expense | — | — | — | — | — | — | ($1.6m) | $19.3m | $14.4m | ($18.2m) | |
| Change In Prepaid Assets | — | — | — | — | — | — | $4.8m | ($10.7m) | $1.0m | $3.4m | |
| Change In Receivables | — | — | — | — | — | — | ($14.2m) | ($14.1m) | ($11.8m) | ($23.6m) | |
| Change In Working Capital | — | — | — | — | — | — | ($31.0m) | ($9.1m) | $5.2m | ($53.5m) | |
| Changes In Account Receivables | — | — | — | — | — | — | ($14.2m) | ($14.1m) | ($11.8m) | ($23.6m) | |
| Changes In Cash | — | — | — | — | — | — | $10.7m | ($15.4m) | $109.7m | ($110.1m) | |
| End Cash Position | — | — | — | — | — | — | $19.6m | $4.2m | $113.9m | $3.8m | |
| Financing Cash Flow | — | — | — | — | — | — | ($203.2m) | ($29.5m) | $98.2m | ($75.3m) | |
| Free Cash Flow | — | — | — | — | — | — | $93.9m | $51.9m | ($14.0m) | ($16.7m) | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($151.7m) | ($1.9m) | $445k | ($2.0m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($1.2m) | ($196.0m) | ($186.6m) | ($175.3m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($151.7m) | ($1.7m) | $831k | $35.8m | |
| Other Non Cash Items | — | — | — | — | — | — | $3.8m | $5.9m | $6.8m | $8.1m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | ($3.0m) | ($1.0m) | $0 | $0 | |
| Repurchase Of Capital Stock | — | — | — | — | — | ($19.5m) | $0 | $0 | — | — | |
| Stock Based Compensation | — | — | — | — | — | — | $9.0m | $8.1m | $9.6m | $9.7m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | $0 | — | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | ($4.5m) | ($3.5m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $235.8m | $242.8m | $202.9m | $208.5m | $193.3m | $242.2m | $215.2m | $210.1m | $198.1m | $140.6m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($121.4m) | ($158.2m) | ($212.1m) | ($157.2m) | |
| Capital Expenditure Reported | — | — | — | — | — | — | ($121.4m) | ($158.2m) | ($212.1m) | ($157.2m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | $26.5m | $1.9m | $74.9m | $31.4m | |
| Purchase Of Investment Properties | — | — | — | — | — | ($226.0m) | ($270.9m) | $0 | $0 | — | |
| Sale Of Investment Properties | — | — | — | — | — | — | $297.4m | $1.9m | $74.9m | $31.4m | |
| Net Other Investing Changes | — | — | — | — | — | — | $93.6m | ($39.8m) | ($49.4m) | ($49.5m) | |
| Net Cash Provided by (Used in) Investing Activities | ($119.9m) | $240.6m | $323.8m | $134.4m | ($197.9m) | ($368.9m) | ($1.2m) | ($196.0m) | ($186.6m) | ($175.3m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $803.4m | $1.4b | $919.0m | $998.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $803.4m | $1.4b | $919.0m | $998.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | ($94.1m) | $67.7m | $164.4m | ($39.9m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($94.1m) | $67.7m | $164.4m | ($39.9m) | |
| Long Term Debt Payments | — | — | — | — | — | — | ($897.5m) | ($1.3b) | ($754.6m) | ($1.0b) | |
| Repayment Of Debt | — | — | — | — | — | — | ($897.5m) | ($1.3b) | ($754.6m) | ($1.0b) | |
| Net Common Stock Issuance | — | — | — | — | — | ($19.5m) | $0 | $0 | — | — | |
| Payments for Repurchase of Common Stock | $7.9m | $60.5m | $298.5m | $16.9m | $30.0m | $19.5m | $0 | $0 | — | — | |
| Payments of Ordinary Dividends, Common Stock | — | — | — | — | — | $103.9m | $104.4m | $93.1m | $61.9m | $30.9m | |
| Common Stock Payments | — | — | — | — | — | ($19.5m) | $0 | $0 | — | — | |
| Dividends Payable | $30.5m | $71.3m | $27.0m | $26.4m | $25.7m | $26.0m | $25.4m | $15.1m | $15.3m | $0 | |
| Cash Dividends Paid | — | — | — | — | — | — | ($104.4m) | ($93.1m) | ($61.9m) | ($30.9m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($104.4m) | ($93.1m) | ($61.9m) | ($30.9m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($4.8m) | ($4.1m) | ($4.3m) | ($4.6m) | |
| Net Cash Provided by (Used in) Financing Activities | ($114.4m) | ($482.9m) | ($529.4m) | ($333.5m) | ($1.6m) | $126.4m | ($203.2m) | ($29.5m) | $98.2m | ($75.3m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | — | $551k | ($2.7m) | $9.4m | ($6.2m) | ($354k) | $10.7m | ($15.4m) | $109.7m | ($110.1m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | $8.8m | $6.0m | $15.4m | $9.2m | $8.9m | $19.6m | $4.2m | $113.9m | $3.8m | |
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $10.7m | ($15.4m) | $109.7m | ($110.1m) |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.