Blackstone Mortgage Trust, Inc. (BXMT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 169.73M | 136.31M | -18.18M | 57.23M | 100.52M | 84.55M | 87.11M | 100.18M | 94.61M | 109.79M | 112.05M | 127.89M | 110.17M | 130.22M | 83.01M | 93.5M | 90.1M | 127.46M | 89.65M | 82.33M |
| Operating CF Growth % | 68.86% | 61.23% | -120.87% | -42.87% | 6.24% | -22.99% | -22.25% | -21.67% | -14.13% | -15.69% | 34.97% | 36.79% | 22.28% | 2.16% | -7.4% | 13.57% | 8.49% | 69.25% | 4.74% | -23.13% |
| Operating CF / Revenue % | 44.65% | 35.04% | -4.88% | 14.55% | 27.49% | 21.27% | 20.45% | 21.72% | 19.62% | 21.93% | 21.77% | 24.84% | 22.81% | 28.68% | 23.59% | 33.34% | 38.72% | 47.43% | 45.15% | 42.28% |
| Net Income | 0 | 39.56M | 63.41M | 6.98M | -351K | 37.38M | -55.84M | -60.2M | -123.17M | -1.72M | 30.56M | 102.5M | 118.56M | -46.99M | 103.92M | 93.86M | 100.26M | 124.86M | 84.4M | 132.47M |
| Depreciation & Amortization | 0 | 31.94M | 0 | 0 | 0 | 8.19M | 1.03M | 185K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -68.91M | 0 | 0 |
| Stock-Based Compensation | 0 | 6.69M | 7.3M | 7.3M | 6.96M | 7.77M | 7.98M | 7.96M | 8.11M | 7.73M | 7.61M | 7.67M | 7.66M | 8.13M | 8.22M | 8.42M | 8.65M | 7.46M | 8.08M | 8.02M |
| Other Non-Cash Items | 70.17M | -11.34M | -11.15M | 48.93M | 59.76M | 13.32M | 116.05M | 137.99M | 219.28M | 101.04M | 84.75M | 13.51M | -5.53M | 172.61M | -1.51M | 1.05M | -12.35M | -5.82M | -3.03M | -56.79M |
| Working Capital Changes | 99.56M | 69.46M | -77.74M | -5.98M | 34.14M | 17.88M | 17.89M | 14.44M | -9.61M | 2.73M | -10.87M | 4.23M | -10.51M | -3.53M | -27.62M | -9.83M | -6.46M | 1.88M | 195K | -1.37M |
| Cash from Investing | 220.83M | -242.16M | 832.65M | -492.03M | 260.94M | 1.35B | 1.29B | 488.05M | 376.32M | 256.99M | 447.37M | 582.13M | 156.53M | -53.47M | 204.39M | -1.72B | -1.69B | -1.7B | -3B | -401.38M |
| Acquisitions (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchase of Investments | 0 | 0 | -141.23M | -196.69M | 0 | -16.66M | -63.2M | -5.25M | -72.11M | -9.18M | -60.02M | -27.65M | -136.69M | -15.67M | -857K | -3.81M | -2.72M | -2.31M | -2.98M | -15.99M |
| Sale of Investments | 0 | 0 | 1.74M | 482K | 0 | 33.45M | 1.01M | 50.95M | 4.82M | 123.22M | 15.29M | 19.81M | 5.37M | 73.98M | 150.33M | 100.03M | 28.98M | 31.95M | 21.23M | 15.91M |
| Other Investing | 220.83M | -242.16M | 972.15M | -295.82M | 260.94M | 1.33B | 1.35B | 442.36M | 443.61M | 142.95M | 492.1M | 589.98M | 287.85M | -111.78M | 54.91M | -1.81B | -1.72B | -1.73B | -3.02B | -401.3M |
| Cash from Financing | -292.86M | 179.74M | -823.36M | 147.34M | -18.14M | -1.42B | -1.43B | -628.43M | -404.34M | -440.48M | -618.96M | -744.77M | -43.73M | -64.41M | -292.6M | 1.6B | 1.36B | 1.89B | 2.81B | 374.43M |
| Dividends Paid | -79.08M | -80.24M | -80.64M | -80.64M | -81.21M | -81.3M | -107.64M | -107.68M | -107.39M | -106.82M | -106.83M | -106.82M | -106.45M | -105.96M | -105.58M | -105.58M | -104.27M | -97.35M | -91.15M | -91.16M |
| Common Dividends | -79.08M | -80.24M | -80.64M | -80.64M | -81.21M | -81.3M | -107.64M | -107.68M | -107.39M | -106.82M | -106.83M | -106.82M | -106.45M | -105.96M | -105.58M | -105.58M | -104.27M | -97.35M | -91.15M | -91.16M |
| Debt Issuance (Net) | -1000K | 1000K | -1000K | 1000K | 1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Share Repurchases | -802K | -61.76M | -16.07M | -39K | -31.65M | -18.23M | -11M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing | -2.35M | -18.55M | -8.07M | -6.52M | -22.15M | -21.78M | -9.22M | -6.01M | -8.94M | -8.05M | -7.92M | -791K | -8M | -8.89M | -7.83M | -20.99M | -15.82M | -18.79M | 833K | -9.48M |
| Net Change in Cash | 96.63M | 74.61M | -10.13M | -280.51M | 345.08M | 1.38M | -51.77M | -40.11M | 63.97M | -71.48M | -61.36M | -32.95M | 224.47M | 19.44M | -11.68M | -25.84M | -241.73M | 314.97M | -103.37M | 59.43M |
| Exchange Rate Effect | -1.07M | 715K | -1.24M | 6.94M | 1.77M | -6.02M | 1.15M | 90K | -2.61M | 2.23M | -1.81M | 1.8M | 1.49M | 7.1M | -6.48M | -7.78M | -3.17M | -2.64M | -2.48M | 4.06M |
| Cash at Beginning | 452.53M | 377.92M | 388.05M | 668.56M | 323.48M | 322.1M | 373.88M | 413.99M | 350.01M | 421.5M | 482.86M | 515.81M | 291.34M | 271.9M | 283.58M | 309.43M | 551.15M | 236.18M | 339.55M | 280.13M |
| Cash at End | 549.15M | 452.53M | 377.92M | 388.05M | 668.56M | 323.48M | 322.1M | 373.88M | 413.99M | 350.01M | 421.5M | 482.86M | 515.81M | 291.34M | 271.9M | 283.58M | 309.43M | 551.15M | 236.18M | 339.55M |
| Free Cash Flow | 159.19M | 136.31M | -18.18M | 57.23M | 100.52M | 84.55M | 87.11M | 100.18M | 94.61M | 109.79M | 112.05M | 127.89M | 110.17M | 130.22M | 83.01M | 93.5M | 90.1M | 127.46M | 89.65M | 82.33M |
| FCF Growth % | 58.38% | 61.23% | -120.87% | -42.87% | 6.24% | -22.99% | -22.25% | -21.67% | -14.13% | -15.69% | 34.97% | 36.79% | 22.28% | 2.16% | -7.4% | 13.57% | 8.49% | 69.25% | 4.74% | -23.13% |
| FCF / Revenue % | 41.88% | 35.04% | -4.88% | 14.55% | 27.49% | 21.27% | 20.45% | 21.72% | 19.62% | 21.93% | 21.77% | 24.84% | 22.81% | 28.68% | 23.59% | 33.34% | 38.72% | 47.43% | 45.15% | 42.28% |