For the quarter ending 2026-03-31, BXP had -$976,012K decrease in cash & cash equivalents over the period.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income | 133,006 | - | - | - |
| Depreciation and amortization | 227,967 | - | - | - |
| Amortization of right of use assets - operating leases | -123 | - | - | - |
| Amortization of sales type lease | 245 | - | - | - |
| Non-cash compensation expense | 25,320 | - | - | - |
| Income (loss) from unconsolidated joint ventures | 35,413 | - | - | - |
| Distributions of net cash flow from operations of unconsolidated joint ventures | 10,335 | - | - | - |
| Losses from investments in securities | -566 | - | - | - |
| Allowance for current expected credit losses | 44 | - | - | - |
| Non-cash portion of interest expense | 8,021 | - | - | - |
| Loss from early extinguishment of debt | 0 | - | - | - |
| Gains on sales of real estate | 13,402 | - | - | - |
| Loss on sales-type lease | 0 | - | - | - |
| Unrealized (gain) loss on non-real estate investments | 188 | - | - | - |
| Tenant and other receivables, net | -1,261 | - | - | - |
| Accrued rental income, net | 20,508 | - | - | - |
| Prepaid expenses and other assets | 79,190 | - | - | - |
| Lease liabilities - operating leases | 4,848 | - | - | - |
| Accounts payable and accrued expenses | -30,961 | - | - | - |
| Accrued interest payable | -1,277 | - | - | - |
| Other liabilities | -25,511 | - | - | - |
| Tenant leasing costs | 38,388 | - | - | - |
| Net income | - | - | - | 120,943 |
| Total adjustments | -208,742 | - | - | 232,202 |
| Net cash provided by operating activities | 156,466 | 407,752 | 274,224 | 353,145 |
| Acquisitions of real estate | - | 55,864 | - | - |
| Construction in progress | 190,438 | 183,213 | 221,870 | 278,667 |
| Building, pre-development and other capital improvements | 30,765 | 45,027 | 42,629 | 129,031 |
| Tenant improvements | 67,095 | 95,614 | 103,446 | 139,748 |
| Proceeds from sale of real estate | - | - | - | 21,840 |
| Proceeds from sales of real estate | 124,661 | 660,674 | 21,840 | - |
| Acquisition of real estate upon consolidation of unconsolidated joint ventures (net of cash) | - | 0 | 0 | 0 |
| Capital contributions to unconsolidated joint ventures | 43,167 | 140,228 | 34,092 | 84,432 |
| Capital distributions from unconsolidated joint ventures | 183 | 143,451 | 29,211 | - |
| Proceeds from sales of investments in unconsolidated joint ventures | 214,733 | - | - | - |
| Investment in non-real estate investments | 412 | 1,478 | 630 | 1,430 |
| Issuance of note receivables (including related party) | 3,849 | 18,835 | 2,226 | 1,800 |
| Construction in progress-Boston Properties Limited Partnership | - | - | - | 139,871 |
| Building, pre-development and other capital improvements-Boston Properties Limited Partnership | - | - | - | 71,636 |
| Proceeds from note receivables (including related party) | - | 80,000 | - | - |
| Tenant improvements-Boston Properties Limited Partnership | - | - | - | 79,410 |
| Investments in securities, net | -1,976 | 164 | -722 | - |
| Proceeds from sale of real estate-Boston Properties Limited Partnership | - | - | - | 21,840 |
| Net cash provided by (used in) investing activities | 5,827 | 343,702 | -988,228 | - |
| Acquisition of real estate upon consolidation of unconsolidated joint ventures (net of cash)-Boston Properties Limited Partnership | - | - | - | 0 |
| Proceeds from mortgage notes payable | - | 0 | - | - |
| Capital contributions to unconsolidated joint ventures-Boston Properties Limited Partnership | - | - | - | 31,821 |
| Repayments of mortgage notes payable | 1,069 | 1,056 | 4,730 | - |
| Investment in non-real estate investments-Boston Properties Limited Partnership | - | - | - | 996 |
| Proceeds from unsecured senior notes | - | 0 | 0 | - |
| Issuance of note receivables (including related party)-Boston Properties Limited Partnership | - | - | - | 1,200 |
| Redemption of unsecured senior notes | 1,000,000 | 0 | 0 | - |
| Net cash used in investing activities | - | - | - | -303,261 |
| Proceeds from convertible debt | - | 0 | 1,000,000 | - |
| Repayments of mortgage notes payable | - | - | - | 1,030 |
| Borrowings on unsecured line of credit | 0 | 0 | 505,000 | - |
| Redemption of unsecured senior notes | - | - | - | 0 |
| Repayments of unsecured line of credit | 0 | 0 | 805,000 | - |
| Borrowings on unsecured line of credit | - | - | - | 160,000 |
| Borrowings on unsecured term loans | 0 | 0 | 0 | - |
| Repayments of unsecured line of credit | - | - | - | 275,000 |
| Repayment of unsecured term loan | 0 | 0 | 700,000 | - |
| Borrowings on unsecured term loans | - | - | - | 0 |
| Finance lease, principal payments | 3,452 | 3,488 | 19,240 | - |
| Repayment of unsecured term loan | - | - | - | 700,000 |
| Proceeds from issuance of commercial paper | 2,923,011 | 2,974,133 | 5,681,892 | - |
| Finance lease, principal payments | - | - | - | 3,391 |
| Repayments of commercial paper | 2,923,011 | 2,974,133 | 5,431,892 | - |
| Proceeds from issuance of commercial paper | - | - | - | 3,997,365 |
| Deferred financing costs | 113 | 2,496 | 33,827 | - |
| Repayments of commercial paper | - | - | - | 3,747,365 |
| Capped call transactions premium | - | 0 | 35,000 | - |
| Deferred financing costs | - | - | - | 376 |
| Net activity from equity transactions | -896 | -2 | 505 | -117 |
| Dividends and distributions | 124,089 | 123,387 | 173,302 | 173,300 |
| Contributions from noncontrolling interests in property partnerships | 13,924 | 17,089 | 67,179 | - |
| Proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships-Cash | - | - | - | 60,441 |
| Distributions to noncontrolling interests in property partnerships | 22,610 | 19,577 | 25,550 | 18,477 |
| Acquisition of noncontrolling interests in property partnerships | - | 0 | -43,604 | - |
| Net cash used in financing activities | -1,138,305 | -132,917 | 512,488 | -758,132 |
| Net increase (decrease) in cash and cash equivalents and cash held in escrows | -976,012 | 618,537 | 410,888 | 48,634 |
| Cash and cash equivalents and cash held in escrows, beginning of period | 1,557,266 | 938,729 | 527,841 | 479,207 |
| Cash and cash equivalents and cash held in escrows, end of period | 581,254 | 1,557,266 | 938,729 | 527,841 |
BXP, Inc. (BXP)
BXP, Inc. (BXP)