Broadstone Net Lease Inc
For the period ended Jun 30, 2024. Filed Jul 31, 2024.
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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.
Jun 30, 2024 · Filed Jul 31, 2024
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Cash Flows
Cash and cash equivalents and restricted cash totaled $19.9 million and $36.3 million at June 30, 2024 and June 30, 2023, respectively. The table below shows information concerning cash flows for the six months ended June 30, 2024 and 2023:
| For the Six Months Ended | ||
|---|---|---|
| June 30, | ||
| (In thousands) | 2024 | 2023 |
| Net cash provided by operating activities | $145,039 | $136,604 |
| Net cash (used in) provided by investing activities | (21,423) | 31,346 |
| Net cash used in financing activities | (124,352) | (191,725) |
| Decrease in cash and cash equivalents and restricted cash | $(736) | $(23,775) |
The increase in net cash provided by operating activities was mainly due to a decrease in interest expense during the six months ended June 30, 2024.
The decrease in cash provided by investing activities was mainly due to increased investment volume, partially offset by an increase in disposition volume during the six months ended June 30, 2024.
The decrease in net cash used in financing activities mainly reflects a decrease in net repayments on the Revolving Credit Facility.
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