COUSINS PROPERTIES INC
For the period ended Sep 30, 2026. Filed Oct 29, 2026.
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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, 2026 · Filed Oct 29, 2026
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, | ||
|---|---|---|
| 2026 | 2025 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income | $18,573 | $44,529 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Gain on investment property transactions | (8,616) | - |
| Depreciation and amortization | 316,509 | 308,276 |
| Amortization of deferred financing costs, debt premiums, and debt discounts, net | 4,174 | 3,313 |
| Equity-classified stock-based compensation expense, net of forfeitures | 13,437 | 13,113 |
| Effect of non-cash adjustments to rental revenues | (60,424) | (65,726) |
| Loss from unconsolidated joint ventures | 6,958 | 6,152 |
| Operating distributions from unconsolidated joint ventures | 2,392 | 1,310 |
| Operating property impairment | 36,600 | - |
| Changes in other operating assets and liabilities, net of acquisitions: | ||
| Change in receivables and other assets, net | (11,098) | (5,865) |
| Change in operating liabilities, net | (10,211) | (17,299) |
| Net cash provided by operating activities | 308,294 | 287,803 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Capital expenditures | (198,719) | (180,460) |
| Property acquisitions | (367,135) | (247,845) |
| Property dispositions | 271,239 | - |
| Proceeds from borrower repayment of investments in real estate debt | 18,218 | 150,791 |
| Investments in real estate debt | - | (20,338) |
| Return of capital distributions from unconsolidated joint ventures | 15,865 | - |
| Contributions to unconsolidated joint ventures | (5,237) | (37,660) |
| Net cash used in investing activities | (265,769) | (335,512) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Proceeds from credit facility | 986,900 | 389,115 |
| Repayment of credit facility | (988,100) | (417,732) |
| Bond issuance, net of original issue discount | 496,295 | 499,935 |
| Repayment of term loans | (150,000) | - |
| Purchase of shares under share repurchase program | (90,044) | - |
| Repayment of senior notes | - | (250,000) |
| Repayment of mortgages | (104,191) | (5,044) |
| Repurchase of shares withheld for taxes on restricted stock vestings | (1,681) | (1,908) |
| Payment of deferred financing costs | (12,081) | (5,802) |
| Payment of issuance of common stock costs | - | (315) |
| Common dividends paid | (160,631) | (162,054) |
| Contributions from noncontrolling interests | - | 7 |
| Distributions to noncontrolling interests | (950) | (1,167) |
| Acquisition of partners' noncontrolling interests | (18,549) | - |
| Net cash provided by (used in) financing activities | (43,032) | 45,035 |
| NET INCREASE IN CASH AND CASH EQUIVALENTS | (507) | (2,674) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD | 5,720 | 7,349 |
| CASH AND CASH EQUIVALENTS AT END OF PERIOD | $5,213 | $4,675 |
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