FRP HOLDINGS, INC.
For the period ended Sep 30, 2025. Filed Nov 7, 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 Nov 7, 2025
FRPH$19.00-4.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
NINE MONTHS ENDED SEPTEMBER 30, 2025 AND 2024
(In thousands) (Unaudited)
| 2025 | 2024 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income | $2,823 | 4,773 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 8,627 | 7,840 |
| Deferred income taxes | (33) | (1,100) |
| Equity in loss of joint ventures | 6,635 | 8,582 |
| Gain on sale of equipment and property | (16) | (27) |
| Stock-based compensation | 1,688 | 1,613 |
| Net changes in operating assets and liabilities: | ||
| Accounts receivable | (208) | (780) |
| Deferred costs and other assets | (543) | 552 |
| Accounts payable and accrued liabilities | 3,875 | (806) |
| Income taxes payable and receivable | (1,572) | 789 |
| Other long-term liabilities | (24) | (32) |
| Net cash provided by operating activities | 21,252 | 21,404 |
| Cash flows from investing activities: | ||
| Investments in properties | (34,154) | (47,089) |
| Investments in joint ventures | (15,227) | (14,219) |
| Return of capital from investments in joint ventures | 19,190 | 14,428 |
| Proceeds from the equipment and property | 16 | 27 |
| Cash held in escrow | 349 | (121) |
| Net cash used in investing activities | (29,826) | (46,974) |
| Cash flows from financing activities: | ||
| Proceeds from long-term debt | 7,591 | — |
| Debt issue costs | (1,379) | — |
| Distributions to noncontrolling interests | (12,613) | (2,406) |
| Contributions from noncontrolling interests | 1,208 | 15,102 |
| Net cash (used in) provided by financing activities | (5,193) | 12,696 |
| Net decrease in cash and cash equivalents | (13,767) | (12,874) |
| Cash and cash equivalents at beginning of year | 148,620 | 157,555 |
| Cash and cash equivalents at end of the period | $134,853 | 144,681 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $2,124 | $2,459 |
| Income taxes | 2,471 | 2,067 |
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