For the year ending 2025-12-31, BXP had $222,070K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Net income | - | 90,996 | - | 1,032,122 |
| Total adjustments | - | 1,143,505 | - | 250,277 |
| Net cash provided by operating activities | 1,245,157 | 1,234,501 | 1,301,520 | 1,282,399 |
| Acquisitions of real estate | 55,864 | 35,366 | 0 | 1,320,273 |
| Construction in progress | 683,750 | 651,346 | 525,963 | 500,273 |
| Building, pre-development and other capital improvements | 216,687 | 189,667 | 171,424 | 177,004 |
| Tenant improvements | 338,808 | 258,312 | 310,925 | 218,685 |
| Proceeds from sales of real estate | 682,514 | 602 | 517 | 834,770 |
| Acquisition of real estate upon consolidation of unconsolidated joint ventures (net of cash) | 0 | -6,086 | 13,155 | - |
| Proceeds from assignment fee | - | 0 | 0 | - |
| Capital contributions to unconsolidated joint ventures | 258,752 | 132,096 | 192,650 | 277,581 |
| Capital distributions from unconsolidated joint ventures | 172,662 | 28,325 | 32,787 | 37,122 |
| Proceeds from sale of equity method investments | - | - | 0 | 0 |
| Investment in non-real estate investments | 3,538 | 2,500 | 2,187 | - |
| Issuance of notes receivable, net | - | - | - | 0 |
| Issuance of note receivables (including related party) | 22,861 | 3,258 | 12,177 | - |
| Proceeds from note receivables (including related party) | 80,000 | 0 | 0 | 10,000 |
| Investments in securities, net | - | -136 | -1,496 | 4,902 |
| Acquisitions of real estate-Boston Properties Limited Partnership | - | -35,366 | - | 1,320,273 |
| Construction in progress-Boston Properties Limited Partnership | - | 651,346 | - | 500,273 |
| Building and other capital improvements-Boston Properties Limited Partnership | - | 189,667 | - | 177,004 |
| Tenant improvements-Boston Properties Limited Partnership | - | 258,312 | - | 218,685 |
| Proceeds from sales of real estate-Boston Properties Limited Partnership | - | 602 | - | 834,770 |
| Acquisition of real estate upon consolidation of unconsolidated joint ventures (net of cash)-Boston Properties Limited Partnership | - | -6,086 | - | - |
| Proceeds from assignment fee-Boston Properties Limited Partnership | - | 0 | - | - |
| Investments in securities, net | -558 | - | - | - |
| Capital contributions to unconsolidated joint ventures-Boston Properties Limited Partnership | - | 132,096 | - | 277,581 |
| Net cash used in investing activities | -644,526 | - | -1,193,681 | - |
| Capital distributions from unconsolidated joint ventures-Boston Properties Limited Partnership | - | 28,325 | - | 37,122 |
| Proceeds from mortgage notes payable | 0 | - | - | - |
| Proceeds from sale of investment in unconsolidated joint venture-Boston Properties Limited Partnership | - | - | - | 0 |
| Investment in non-real estate investments-Boston Properties Limited Partnership | - | 2,500 | - | - |
| Repayments of mortgage notes payable | 4,251 | - | - | - |
| Issuance of notes receivable, net-Boston Properties Limited Partnership | - | - | - | 0 |
| Issuance of note receivables (including related party)-Boston Properties Limited Partnership | - | 3,258 | - | - |
| Proceeds from unsecured senior notes | 0 | - | - | - |
| Proceeds from note receivable-Boston Properties Limited Partnership | - | 0 | - | 10,000 |
| Redemption of unsecured senior notes | 850,000 | - | - | - |
| Investments in securities, net-Boston Properties Limited Partnership | - | -136 | - | 4,902 |
| Proceeds from convertible debt | 1,000,000 | - | - | - |
| Net cash used in investing activities | - | -1,237,396 | - | -1,602,802 |
| Borrowings on unsecured line of credit | 865,000 | - | - | - |
| Repayments of mortgage notes payable | - | 4,780 | - | 0 |
| Repayments of unsecured line of credit | 865,000 | - | - | - |
| Proceeds from unsecured senior notes | - | 849,671 | - | 749,557 |
| Borrowings on unsecured term loans | 700,000 | - | - | - |
| Redemption of unsecured senior notes | - | 700,000 | - | 0 |
| Repayment of unsecured term loan | 700,000 | - | - | - |
| Borrowings on unsecured line of credit | - | 0 | - | 985,000 |
| Finance lease, principal payments | 13,662 | - | - | - |
| Repayments of unsecured line of credit | - | 0 | - | 1,130,000 |
| Proceeds from issuance of commercial paper | 8,656,025 | - | - | - |
| Borrowings on unsecured term loans | - | 0 | - | 730,000 |
| Repayments of commercial paper | 8,406,025 | - | - | - |
| Payments on finance lease obligations | - | 12,547 | - | 0 |
| Deferred financing costs | 39,641 | 12,235 | - | 8,460 |
| Capped call transactions premium | 35,000 | - | - | - |
| Debt prepayment and extinguishment costs | - | - | - | 0 |
| Net activity from equity transactions | -435 | -1,731 | - | -352 |
| Dividends and distributions | 643,107 | 689,870 | - | 685,019 |
| Proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships | 84,268 | - | - | - |
| Contributions from noncontrolling interests in property partnerships | - | - | - | 849 |
| Proceeds from sale of interest in property partnerships and contributions from noncontrolling interests in property partnerships-Cash | - | 374,720 | - | - |
| Distributions to noncontrolling interests in property partnerships | 83,129 | 77,704 | - | 85,518 |
| Acquisition of noncontrolling interests in property partnerships | -43,604 | - | - | - |
| Net cash provided by (used in) financing activities | -378,561 | -274,476 | 767,916 | 556,057 |
| Net increase (decrease) in cash and cash equivalents and cash held in escrows | 222,070 | -277,371 | 875,755 | 235,654 |
| Cash and cash equivalents and cash held in escrows, beginning of period | 1,335,196 | - | 736,812 | - |
| Cash and cash equivalents and cash held in escrows, end of period | 1,557,266 | - | 1,612,567 | - |
BXP, Inc. (BXP)
BXP, Inc. (BXP)