ALEX · As filed with the SEC
Alexander & Baldwin cash flow statement, by fiscal year
The statement as Alexander & Baldwin presents it in its 10-Q and 10-K: its own lines, labels and order. Tables over time lines up standardized figures across every filing.
CONSOLIDATED STATEMENTS OF CASH FLOWS · USD thousands
| USD thousands | FY2025 Year ended Dec 31, 2025 | FY2024 Year ended Dec 31, 2024 | FY2023 Year ended Dec 31, 2023 | FY2022 Year ended Dec 31, 2022 | FY2021 Year ended Dec 31, 2021 | FY2020 Year ended Dec 31, 2020 | FY2019 Year ended Dec 31, 2019 | FY2018 Year ended Dec 31, 2018 |
|---|---|---|---|---|---|---|---|---|
| Cash Flows from Operating Activities: | ||||||||
| Net income (loss) | 64,674 | 60,537 | 33,000 | (49,500) | 35,800 | 5,200 | (38,400) | (69,800) |
| Adjustments to reconcile net income (loss) to net cash provided by (used in) operations: | ||||||||
| (Income) loss from discontinued operations | (89) | 3,466 | 7,800 | 86,600 | — | — | — | — |
| Depreciation and amortization | 38,338 | 36,312 | 36,800 | 38,000 | 50,400 | 53,300 | 50,500 | 42,800 |
| Provision for (reversal of) credit losses | 45 | (628) | — | — | — | — | — | — |
| Deferred income taxes | — | 0 | 0 | (18,100) | — | 0 | 0 | 16,600 |
| Loss (gain) from disposals and asset transactions, net | — | — | — | (54,000) | 29,000 | — | — | — |
| (Gain) loss on commercial real estate transactions | (7,454) | (2,199) | (1,100) | — | (3,000) | (9,500) | (2,600) | (54,000) |
| (Gain) loss on disposal of assets and settlements, net | (11,685) | — | — | — | — | — | — | — |
| Impairment of assets and equity method investment | 406 | 256 | 4,800 | 5,000 | — | 5,600 | 49,700 | 268,000 |
| (Gain) loss on de-designated interest rate swap valuation adjustment | 0 | 3,675 | 2,700 | — | — | — | — | — |
| Share-based compensation expense | 5,912 | 4,795 | 6,100 | 4,900 | 5,900 | 5,800 | 5,400 | 4,700 |
| (Income) loss related to joint ventures, net of operating cash distributions | (4,288) | (1,179) | (1,800) | (900) | (8,600) | (4,800) | (1,400) | 12,900 |
| Settlement loss (gain) | — | 0 | 0 | 76,900 | — | — | — | — |
| Changes in operating assets and liabilities: | ||||||||
| Trade and other receivables | (1,570) | 35 | 100 | (3,900) | 4,700 | 8,800 | 8,500 | (4,200) |
| Inventories | — | — | — | 100 | (1,900) | 2,100 | 5,700 | 5,500 |
| Prepaid expenses and other assets | 194 | (424) | (900) | (1,800) | 1,300 | 13,000 | 28,500 | (13,200) |
| Development/other property inventory | 6,842 | 6,464 | (3,500) | 10,500 | 8,700 | 3,600 | — | — |
| Accrued post-retirement benefits | (194) | (1,841) | 0 | (27,100) | (3,000) | 2,700 | 4,600 | 3,600 |
| Accounts payable | 966 | (1,047) | 1,100 | 800 | 1,900 | (6,200) | (12,900) | (9,000) |
| Refund liability | (10,000) | — | — | — | — | — | — | — |
| Accrued and other liabilities | (2,486) | 1,239 | (9,600) | (300) | 3,000 | (16,500) | 3,200 | 74,200 |
| Real estate development for sale proceeds, net of margins recognized in net income (loss) | — | — | — | — | — | — | 65,100 | 58,400 |
| Expenditures for real estate inventory (real estate developments held for sale) | — | — | — | — | — | — | — | (26,600) |
| Expenditures for real estate development for sale | — | — | — | — | — | — | (8,300) | — |
| Operating cash flows from continuing operations | 79,611 | 102,111 | 75,500 | 67,200 | — | — | — | — |
| Operating cash flows from discontinued operations | (100) | (4,120) | (8,400) | (33,200) | — | — | — | — |
| Net cash provided by (used in) operations | 79,511 | 97,991 | 67,100 | 34,000 | 124,200 | 63,100 | 157,600 | 309,900 |
| Cash Flows from Investing Activities: | ||||||||
| Capital expenditures for acquisitions | 0 | (29,826) | (9,500) | 0 | (16,900) | 0 | (218,400) | (241,700) |
| Capital expenditures for property, plant and equipment | (52,230) | (20,951) | (21,700) | (21,700) | (36,600) | (25,100) | (36,700) | (54,400) |
| Proceeds from disposal of assets | 3,410 | 18,955 | 3,400 | 73,100 | 3,200 | 27,100 | 4,400 | 171,700 |
| Payments for purchases of investments in affiliates and other | — | — | — | — | — | — | — | (22,600) |
| Distributions of capital from investments in affiliates and other investments | — | — | — | — | — | — | — | 42,300 |
| Contributions to investments in joint ventures and partnerships | (208) | (306) | (300) | (500) | (2,700) | (1,000) | (3,300) | — |
| Distributions of capital and other receipts from investments in affiliates and other investments | — | 1,013 | 500 | 100 | 149,500 | 11,000 | 13,600 | — |
| Distributions of capital and other receipts from investments in joint ventures and partnerships | 3,523 | — | — | — | — | — | — | — |
| Investing cash flows from continuing operations | (45,505) | (31,115) | (27,600) | 51,000 | — | — | — | — |
| Investing cash flows from discontinued operations | 0 | 15,000 | 34,700 | (6,400) | — | — | — | — |
| Net cash provided by (used in) investing activities | (45,505) | (16,115) | 7,100 | 44,600 | 96,500 | 12,000 | (240,400) | (104,700) |
| Cash Flows from Financing Activities: | ||||||||
| Proceeds from issuance of notes payable and other debt, net | 198,000 | 60,000 | 0 | 0 | 131,000 | 173,000 | 125,900 | 548,400 |
| Payments of notes payable and other debt and deferred financing costs | (40,683) | (166,994) | (35,100) | (23,200) | (290,200) | (183,000) | (203,900) | (467,800) |
| Borrowings (payments) on line-of-credit agreement, net | (142,000) | 113,000 | 25,000 | (38,000) | 0 | (8,700) | (300) | 4,700 |
| Distribution to noncontrolling interests | — | — | — | — | 0 | 0 | (300) | (700) |
| Cash dividends paid | (65,710) | (64,980) | (64,300) | (57,700) | (46,600) | (13,800) | (50,000) | (156,600) |
| Repurchases of common stock and other payments | (5,746) | (2,983) | (5,400) | (7,300) | (1,300) | (600) | (1,000) | (1,500) |
| Payment of deferred acquisition holdback | — | — | — | — | — | 0 | (7,100) | — |
| Payment of deferred acquisition holdback | — | — | — | — | 0 | — | — | — |
| Financing cash flows from continuing operations | (56,139) | (61,957) | (79,800) | (126,200) | — | — | — | — |
| Financing cash flows from discontinued operations | 0 | 0 | (15,100) | 11,000 | — | — | — | — |
| Net cash provided by (used in) financing activities | (56,139) | (61,957) | (94,900) | (115,200) | (207,100) | (33,100) | (136,700) | (73,500) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | — | — | — | — | — | — | — | 131,700 |
| Cash, Cash Equivalents, Restricted Cash, and Cash included in Assets Held for Sale | ||||||||
| Net increase (decrease) in cash, cash equivalents, restricted cash, and cash included in assets held for sale | (22,133) | 19,919 | (20,700) | (36,600) | 13,600 | 42,000 | (219,500) | — |
| Balance, beginning of period | — | 13,700 | 34,400 | 71,000 | 57,400 | 15,400 | 234,900 | 103,200 |
| Balance, end of period | — | — | 13,700 | 34,400 | 71,000 | 57,400 | 15,400 | 234,900 |
| Balance, beginning of period | 33,672 | 13,753 | 34,400 | 71,000 | 57,400 | — | — | — |
| Balance, end of period | 11,539 | 33,672 | 13,700 | 34,400 | — | — | — | — |
| Other Cash Flow Information: | ||||||||
| Interest paid, net of capitalized interest, for continuing operations | 22,150 | 22,125 | 22,600 | (21,400) | (25,400) | (29,000) | (32,500) | (34,400) |
| Interest paid, net of capitalized interest, for discontinued operations | 0 | 0 | 600 | — | — | — | — | — |
| Income tax (payments)/refunds, net | — | — | 0 | — | — | — | — | 2,600 |
| Capital expenditures included in accounts payable and accrued and other liabilities | — | — | — | — | — | — | — | 1,400 |
| Continuing Operations | — | — | 2,100 | 300 | — | — | — | — |
| Discontinued Operations | — | — | 0 | 100 | — | — | — | — |
| Income tax payments/(refunds), net | 72 | 31 | — | 1,000 | 500 | 500 | 25,800 | — |
| Noncash Investing and Financing Activities from continuing operations: | ||||||||
| Issuance of shares for stock dividend | — | — | — | — | — | — | — | 626,400 |
| Capital expenditures included in accounts payable and accrued and other liabilities | — | — | — | — | 1,600 | 2,900 | 4,400 | — |
| Fair value of loan assumed in connection with acquisition | — | — | — | — | — | 0 | 0 | 61,000 |
| Uncollected proceeds from disposal of equipment | — | — | — | — | — | — | 0 | 0 |
| Real estate exchanged for note receivable | — | — | — | — | — | — | 0 | 0 |
| Continuing Operations | 9,044 | 21,738 | — | — | — | — | — | — |
| Discontinued Operations | — | 0 | — | — | — | — | — | — |
| Operating lease liabilities arising from obtaining right-of-use assets | — | — | — | — | 5,500 | 400 | 31,000 | — |
| Continuing Operations | 15,202 | 0 | 0 | 700 | — | — | — | — |
| Discontinued Operations | — | 0 | 0 | 20,200 | — | — | — | — |
| Finance lease liabilities arising from obtaining right-of-use assets | — | — | — | — | 100 | 900 | 3,400 | — |
| Issuance of shares for stock dividend | — | — | — | — | — | 0 | 0 | 0 |
| Dividends declared | — | — | — | — | 13,400 | 10,900 | 0 | 0 |
| Continuing Operations | 1,275 | 152 | 1,700 | 2,600 | — | — | — | — |
| Discontinued Operations | — | 0 | 0 | 1,100 | — | — | — | — |
| Dividends declared but unpaid at end of period | — | — | — | — | — | — | — | 0 |
| Asset retirement obligations | — | — | — | — | — | — | — | 0 |
| Continuing Operations | — | — | 16,800 | 16,300 | — | — | — | — |
| Continuing Operations | 0 | 3,250 | 15,000 | 900 | — | — | — | — |
| Continuing Operations | — | — | 2,100 | 300 | — | — | — | — |
| Discontinued Operations | — | — | 0 | 100 | — | — | — | — |
| Continuing Operations | — | 21,738 | — | — | — | — | — | — |
| Discontinued Operations | — | 0 | — | — | — | — | — | — |
| Continuing Operations | — | 0 | 0 | 700 | — | — | — | — |
| Discontinued Operations | — | 0 | 0 | 20,200 | — | — | — | — |
| Continuing Operations | — | 152 | 1,700 | 2,600 | — | — | — | — |
| Discontinued Operations | — | 0 | 0 | 1,100 | — | — | — | — |
| Reconciliation of cash, cash equivalents, restricted cash, and cash included in assets held for sale | ||||||||
| Cash and cash equivalents, beginning of period | 33,436 | 13,517 | 33,300 | 65,400 | 57,200 | 15,200 | 11,400 | 68,900 |
| Restricted cash, beginning of period | 236 | 236 | 1,000 | 1,000 | 200 | 200 | 223,500 | 34,300 |
| Balance, beginning of period | — | — | — | 57,400 | 57,400 | 15,400 | 234,900 | 103,200 |
| Cash included in assets held for sale, beginning of period | 0 | 0 | 100 | 4,600 | 2,300 | — | — | — |
| Balance, beginning of period | 33,672 | 13,753 | 71,049 | — | — | — | — | — |
| Cash and cash equivalents, end of period | 11,303 | 33,436 | 13,500 | 33,300 | 70,000 | 57,200 | 15,200 | 11,400 |
| Restricted cash, end of period | 236 | 236 | 200 | 1,000 | 1,000 | 200 | 200 | 223,500 |
| Balance, end of period | — | — | — | — | 71,000 | 57,400 | 15,400 | 234,900 |
| Cash included in assets held for sale, end of period | — | 0 | 0 | 100 | — | — | — | — |
| Balance, end of period | 11,539 | 33,672 | — | — | — | — | — | — |
As filed on EDGAR · Not affiliated with the U.S. SEC · Not investment advice. Each column links to its filing.