Highwoods Properties, Inc. (HIW) 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 | 62.85M | 101.5M | 96.67M | 116.53M | 46.32M | 103.73M | 97.49M | 129.96M | 72.41M | 102.79M | 103.05M | 115.45M | 65.67M | 101.9M | 117.98M | 127.82M | 74.08M | 105.34M | 111.8M | 114.44M |
| Operating CF Growth % | 35.67% | -2.15% | -0.85% | -10.33% | -36.03% | 0.91% | -5.39% | 12.56% | 10.27% | 0.87% | -12.65% | -9.68% | -11.35% | -3.27% | 5.53% | 11.7% | -10.73% | 27.37% | 17.39% | -1.86% |
| Operating CF / Revenue % | 29.36% | 49.91% | 47.91% | 58.09% | 23.12% | 50.16% | 47.72% | 63.47% | 34.27% | 49.69% | 49.76% | 55.7% | 30.87% | 48.03% | 57% | 62.71% | 35.89% | 51.75% | 57.19% | 61.69% |
| Net Income | 33.37M | 29.72M | 13.71M | 19.22M | 100M | -3.2M | 15.47M | 64.77M | 27.21M | 39.34M | 23.17M | 43.87M | 44.45M | 29.14M | 40.11M | 52.6M | 42.1M | 129.02M | 75.59M | 61.84M |
| Depreciation & Amortization | 77.54M | 74.97M | 73.9M | 74.68M | 71.41M | 72.51M | 79.12M | 73.75M | 73.67M | 79.42M | 74.98M | 75.02M | 72.18M | 75.14M | 72.88M | 69.74M | 69.67M | 69.7M | 66.22M | 61.21M |
| Stock-Based Compensation | 6.45M | 763K | 1.17M | 1.31M | 4.97M | 999K | 1.04M | 1.13M | 4.83M | 830K | 833K | 796K | 0 | 709K | 707K | 845K | 5.29M | 1.9M | 1.9M | 1.87M |
| Other Non-Cash Items | -54.5M | -8.91M | 5.23M | 2.54M | -79.35M | 22.95M | 2.78M | -32.03M | -5.28M | 3.14M | 1.3M | -17.41M | -7.69M | 1.01M | -6.85M | -12.2M | -2.65M | 1.44M | 1.38M | 1.21M |
| Working Capital Changes | 0 | 4.95M | 2.67M | 18.78M | -50.7M | 10.46M | -912K | 22.34M | -28.03M | 7.1M | 3.07M | 13.18M | -43.27M | -4.11M | 11.14M | 16.83M | -40.34M | -3.48M | 5.27M | 11.13M |
| Cash from Investing | -340.17M | -203.13M | -157.2M | -54.95M | -27.21M | -97.47M | -149M | 5.72M | -61.69M | -38.72M | -62.79M | 6.36M | -74.54M | -273.21M | -271.72M | -10.45M | -59.42M | 85.55M | -144.81M | -73.5M |
| Acquisitions (Net) | 0 | 17.23M | 0 | 137.83M | -137.83M | -5.91M | -105.33M | -11.26M | -30.87M | -32.56M | -24.16M | 19.03M | 0 | -180.08M | -74.19M | -122K | -7.38M | -6.08M | -270.04M | -120K |
| Purchase of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -44.93M | -29.84M | 0 | -26.7M | 0 | -79.54M | 0 | 0 | -18.63M | -11M | -34.6M |
| Sale of Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 59.98M | 84K | 0 | 1.93M | 0 | 22.75M | 0 | 0 | 186.12M | 116.54M | 41.34M |
| Other Investing | -340.17M | -220.35M | -157.2M | -192.78M | 110.62M | -91.56M | -43.68M | 16.98M | -30.82M | 31.61M | 27.33M | -12.66M | -2.66M | -93.13M | -91.72M | -10.33M | -52.04M | 91.63M | -144.81M | -73.5M |
| Cash from Financing | 286.91M | 102.93M | 62.27M | -61.09M | -13.28M | -6.51M | 48.64M | -126.16M | -15.01M | -53.21M | -41.91M | -121.09M | 10.78M | 168.32M | 111.17M | -78.44M | -13.12M | -200.59M | 15.47M | -40.88M |
| Dividends Paid | -54.96M | -55.53M | -54.62M | -54.5M | -54.44M | -54.1M | -53.63M | -53.62M | -53.49M | -53.47M | -53.46M | -53.34M | -53.24M | -53.22M | -53.21M | -53.2M | -53.05M | -52.91M | -52.74M | -50.55M |
| Common Dividends | 0 | -54.95M | -54.04M | -53.92M | -53.82M | -53.48M | -53.01M | -53M | -52.87M | -52.85M | -52.84M | -52.72M | 0 | -52.6M | -52.59M | -52.58M | -52.42M | -52.28M | -52.12M | -49.93M |
| Debt Issuance (Net) | 0 | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K |
| Share Repurchases | 0 | 0 | -25K | -2.1M | -2.02M | -1K | -8K | -2K | -1.43M | 0 | 0 | -163K | -10K | -662K | -3.1M | -11K | -2.15M | -25K | -12K | 0 |
| Other Financing | 341.87M | -4.09M | -3.15M | -1.16M | -1.32M | -2.02M | -1.31M | -1.18M | -8.72M | -3.78M | -2.12M | -1.34M | -3.81M | -2.54M | -1.26M | -3.96M | -2.85M | -1.55M | -6.26M | -2.09M |
| Net Change in Cash | 9.58M | 1.31M | 1.74M | 494K | 5.84M | -256K | -2.87M | 9.52M | -4.28M | 10.86M | -1.65M | 727K | -4.47M | -2.99M | -42.58M | 38.93M | 1.54M | -9.7M | -17.54M | 55K |
| Exchange Rate Effect | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -6.39M | 0 | 0 | 0 | 0 | 200.59M | 0 | 0 |
| Cash at Beginning | 0 | 41.74M | 40.01M | 39.51M | 33.68M | 33.93M | 36.8M | 27.29M | 31.57M | 20.71M | 22.36M | 21.63M | 26.11M | 29.09M | 71.67M | 32.74M | 31.2M | 40.9M | 58.43M | 58.38M |
| Cash at End | 0 | 43.05M | 41.74M | 40.01M | 39.51M | 33.68M | 33.93M | 36.8M | 27.29M | 31.57M | 20.71M | 22.36M | 21.63M | 26.11M | 29.09M | 71.67M | 32.74M | 31.2M | 40.9M | 58.43M |
| Free Cash Flow | 62.85M | 41.58M | 96.67M | 116.53M | 46.32M | 103.73M | 97.49M | 129.96M | 72.41M | 49.97M | 66.84M | 115.45M | 18.56M | 101.9M | 68.97M | 127.82M | 74.08M | 65.93M | 78.09M | 82.86M |
| FCF Growth % | 35.67% | -59.92% | -0.85% | -10.33% | -36.03% | 107.58% | 45.86% | 12.56% | 290.18% | -50.96% | -3.09% | -9.68% | -74.95% | 54.56% | -11.68% | 54.26% | -10.73% | -22.49% | -18.01% | -27.5% |
| FCF / Revenue % | 29.36% | 20.44% | 47.91% | 58.09% | 23.12% | 50.16% | 47.72% | 63.47% | 34.27% | 24.16% | 32.27% | 55.7% | 8.72% | 48.03% | 33.32% | 62.71% | 35.89% | 32.39% | 39.94% | 44.67% |