COUSINS PROPERTIES INC
For the period ended Sep 30, 2025. Filed Oct 30, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2025 · Filed Oct 30, 2025
CUZ$29.57-1.8%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF CASH FLOWS
(unaudited; in thousands)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $44,529 | $32,768 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Gain on investment property transactions | — | (98) |
| Depreciation and amortization | 308,276 | 271,429 |
| Amortization of deferred financing costs, debt premiums, and debt discounts, net | 3,313 | 3,024 |
| Equity-classified stock-based compensation expense, net of forfeitures | 13,113 | 11,272 |
| Effect of non-cash adjustments to rental revenues | (65,726) | (42,258) |
| Loss from unconsolidated joint ventures | 6,152 | 788 |
| Operating distributions from unconsolidated joint ventures | 1,310 | 2,451 |
| Changes in other operating assets and liabilities, net of acquisitions: | ||
| Change in receivables and other assets, net | (5,865) | (5,730) |
| Change in operating liabilities, net | (17,299) | (2,451) |
| Net cash provided by operating activities | 287,803 | 271,195 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (180,460) | (184,121) |
| Property acquisitions | (247,845) | — |
| Proceeds from borrower repayment of investments in real estate debt | 150,791 | — |
| Investments in real estate debt | (20,338) | (28,636) |
| Contributions to unconsolidated joint ventures | (37,660) | (41,119) |
| Proceeds from investment property sales, net | — | (3) |
| Net cash used in investing activities | (335,512) | (253,879) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from credit facility | 389,115 | 396,800 |
| Repayment of credit facility | (417,732) | (581,900) |
| Bond issuance, net of original issue discount | 499,935 | 498,540 |
| Repayment of term loans | — | (100,000) |
| Repayment of senior notes | (250,000) | — |
| Repayment of mortgages | (5,044) | (6,395) |
| Repurchase of shares withheld for taxes on restricted stock vestings | (1,908) | (1,111) |
| Payment of deferred financing costs | (5,802) | (5,446) |
| Payment of issuance of common stock costs | (315) | — |
| Common dividends paid | (162,054) | (146,733) |
| Contributions from noncontrolling interests | 7 | 22 |
| Distributions to noncontrolling interests | (1,167) | (997) |
| Net cash provided by financing activities | 45,035 | 52,780 |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (2,674) | 70,096 |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 7,349 | 6,047 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $4,675 | $76,143 |
See accompanying notes.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.