Highwoods Properties Cash Flow Statement
NYSE: HIWReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Highwoods Properties free cash flow
In fiscal 2025, Highwoods Properties generated $359.2 million of operating cash flow and spent $3.9 million on capital expenditures. That left free cash flow of $355.3 million, a free-cash-flow margin of 44.1% of revenue. Free cash flow was down 11.1% from the prior year's $399.4 million.
Highwoods Properties returned $216.7 million to shareholders through dividends, equal to 61% of free cash flow. Free cash flow covered dividend payments 1.6 times.
Summary generated from market data by MetaCap's automated system. Methodology
Highwoods Properties 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 | 162.65M | 104.25M | 151.33M | 163.96M | 323.31M | 357.91M | 141.68M | 177.63M | 191.66M | 541.14M |
| Net Income growth (YoY) | +56.01% | -31.11% | -7.70% | -49.29% | -9.67% | +152.62% | -20.24% | -7.32% | -64.58% | +434.41% |
| Depreciation & Amortization | 294.95M | 299.05M | 299.41M | 287.61M | 259.25M | 241.59M | 254.50M | 229.96M | 227.83M | 220.14M |
| Stock-Based Compensation | 8.21M | 8.00M | 6.98M | 7.55M | 8.65M | 6.21M | 7.18M | 7.47M | 6.69M | 6.25M |
| Change in Working Capital | 3.66M | -553.00K | 712.00K | -9.27M | 7.32M | 72.00K | -1.66M | 2.98M | 2.93M | -1.02M |
| Operating Cash Flow | 359.21M | 403.58M | 386.96M | 421.78M | 414.56M | 358.16M | 365.80M | 358.63M | 352.53M | 305.81M |
| Capital Expenditures | -3.94M | -4.15M | -33.85M | -44.35M | -77.85M | -160.61M | -116.11M | -150.31M | -150.94M | -177.88M |
| Investing Cash Flow | -440.66M | -302.44M | -169.69M | -614.80M | -287.68M | 110.68M | -607.41M | -306.75M | -200.30M | 216.26M |
| Dividends Paid | -216.73M | -212.35M | -211.02M | -210.18M | -204.18M | -199.33M | -196.94M | -191.30M | -180.81M | -166.86M |
| Debt Issued | 379.88M | 0 | 590.35M | 550.00M | 200.00M | 398.36M | 747.99M | 345.86M | 656.00M | 150.00M |
| Debt Repaid | -38.87M | -7.06M | -206.73M | -456.44M | -353.78M | -251.95M | -326.88M | -211.80M | -832.55M | -395.99M |
| Financing Cash Flow | 90.83M | -99.04M | -205.43M | 187.93M | -284.93M | -294.34M | 246.21M | -130.07M | -142.53M | -465.24M |
| Net Change in Cash | 9.37M | 2.11M | 11.85M | -5.09M | -158.05M | 174.50M | 4.60M | -78.19M | 9.70M | 56.83M |
| Free Cash Flow | 355.26M | 399.44M | 353.11M | 377.43M | 336.70M | 197.55M | 249.69M | 208.32M | 201.59M | 127.93M |
This table shows 10 annual periods of Highwoods Properties's cash flow statement, from FY 2025 back to FY 2016, across 13 line items including net income, depreciation & amortization, stock-based compensation. Values in USD; B = billions, M = millions. Fiscal periods follow HIW's reporting calendar. What is a cash flow statement?