Empire State Realty Cash Flow Statement
NYSE: ESRTReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Empire State Realty free cash flow
In fiscal 2025, Empire State Realty generated $249.1 million of operating cash flow and spent $198.5 million on capital expenditures. That left free cash flow of $50.6 million, a free-cash-flow margin of 6.6% of revenue. Free cash flow was down 42.5% from the prior year's $88.0 million.
Empire State Realty returned $31.8 million to shareholders: $23.7 million in dividends and $8.1 million in share repurchases, equal to 63% of free cash flow. Free cash flow covered dividend payments 2.1 times.
Summary generated from market data by MetaCap's automated system. Methodology
Empire State Realty cash flow statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | 72.98M | 80.36M | 84.41M | 63.21M | -13.04M | -22.89M | 84.29M | 117.25M | 118.25M | 107.25M |
| Net Income growth (YoY) | -9.18% | -4.80% | +33.53% | — | — | -127.16% | -28.11% | -0.85% | +10.26% | +34.18% |
| Depreciation & Amortization | 194.76M | 184.82M | 189.91M | 216.89M | 201.81M | 191.01M | 181.59M | 168.51M | 160.71M | 155.21M |
| Stock-Based Compensation | 25.17M | 21.70M | 20.03M | 21.01M | 20.26M | 25.50M | 20.86M | 18.79M | 14.10M | 9.73M |
| Change in Working Capital | 9.42M | 1.11M | -20.83M | -7.57M | 8.71M | -7.85M | 372.00K | -2.06M | -13.68M | -7.05M |
| Operating Cash Flow | 249.05M | 260.89M | 232.49M | 211.17M | 212.49M | 182.29M | 232.59M | 279.02M | 194.20M | 214.75M |
| Capital Expenditures | -198.50M | -172.91M | -169.16M | -85.96M | -398.37M | -104.06M | -255.92M | -256.50M | -228.16M | -197.68M |
| Investing Cash Flow | -550.01M | -397.12M | -77.34M | -230.89M | -212.74M | -143.12M | 149.74M | -643.02M | -223.01M | -182.38M |
| Dividends Paid | -23.73M | -23.22M | -22.68M | -23.11M | -18.11M | -37.18M | -75.19M | -70.85M | -66.79M | -55.81M |
| Share Repurchases | -8.12M | 0 | -13.11M | -90.18M | -46.70M | -143.71M | 0 | 0 | — | — |
| Debt Issued | 175.00M | 225.00M | 0 | 0 | 0 | 175.00M | 0 | 160.00M | 315.00M | 50.00M |
| Debt Repaid | -100.00M | 0 | 0 | 0 | 0 | 0 | -250.00M | -266.61M | -346.62M | -32.30M |
| Financing Cash Flow | 38.17M | 158.58M | -62.87M | -140.24M | -93.05M | 257.17M | -381.55M | 104.62M | -56.88M | 470.94M |
| Net Change in Cash | -262.79M | 22.35M | 92.28M | -159.96M | -93.30M | 296.34M | 784.00K | -259.38M | -85.69M | 503.32M |
| Free Cash Flow | 50.55M | 87.99M | 63.34M | 125.21M | -185.89M | 78.23M | -23.33M | 22.53M | -33.96M | 17.07M |
This table shows 10 annual periods of Empire State Realty's cash flow statement, from FY 2025 back to FY 2016, across 14 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow ESRT's reporting calendar. What is a cash flow statement?