FRP HOLDINGS, INC.
For the period ended Mar 31, 2026. Filed May 14, 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.
Mar 31, 2026 · Filed May 14, 2026
FRPH$19.00-4.2%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
THREE MONTHS ENDED MARCH 31, 2026 AND 2025
(In thousands) (Unaudited)
| 2026 | 2025 | |
|---|---|---|
| Cash flows from operating activities: | ||
| Net income (loss) | $(921) | 1,634 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation, depletion and amortization | 3,027 | 2,716 |
| Deferred income taxes | 1 | (33) |
| Equity in loss of joint ventures | 2,615 | 2,031 |
| Stock-based compensation | 368 | 365 |
| Net changes in operating assets and liabilities: | ||
| Accounts receivable | (76) | 67 |
| Deferred costs and other assets | (187) | (168) |
| Accounts payable and accrued liabilities | 5,019 | (2,610) |
| Income taxes payable and receivable | (208) | 508 |
| Other long-term liabilities | 32 | (7) |
| Net cash provided by operating activities | 9,670 | 4,503 |
| Cash flows from investing activities: | ||
| Investments in properties | (13,424) | (3,100) |
| Investments in joint ventures | (8,370) | (1,215) |
| Return of capital from investments in joint ventures | 3,863 | 4,780 |
| Net cash (used in) provided by investing activities | (17,931) | 465 |
| Cash flows from financing activities: | ||
| Proceeds from long-term debt | 11,450 | 718 |
| Debt issue costs | — | (1,379) |
| Distributions to noncontrolling interests | (821) | (10,736) |
| Contributions from noncontrolling interests | 130 | 128 |
| Net cash (used in) provided by financing activities | 10,759 | (11,269) |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 2,498 | (6,301) |
| Cash, cash equivalents and restricted cash at beginning of year | 105,361 | 149,935 |
| Cash, cash equivalents and restricted cash at end of the year | $107,859 | 143,634 |
| Supplemental disclosure of cash flow information: | ||
| Cash paid during the period for: | ||
| Interest | $663 | $650 |
| Income taxes, federal | 4 | — |
| Income taxes, state | — | 15 |
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