JOE: the cash flow

MyFinsight

For the year ending 2025-12-31, JOE had $40,195K increase in cash & cash equivalents over the period. $186,638K in free cash flow.

Cash Flow	2025-12-31
Net income	115,882
Depreciation, depletion and amortization	47,471
Stock based compensation	1,232
Equity in income from unconsolidated joint ventures	25,626
Distribution of earnings from unconsolidated joint ventures	35,594
Deferred income tax	6,216
Cost of real estate sold	104,526
Expenditures for and acquisition of real estate to be sold	84,291
Accretion income and other	1,530
Amortization of debt issuance costs	875
(gain) loss on disposal of property and equipment	2,489
Loss on extinguishment of debt	-421
Other assets	-2,817
Deferred revenue	-431
Accounts payable and other liabilities	2,461
Net cash provided by operating activities	190,696
Expenditures for operating property	19,755
Expenditures for property and equipment	4,058
Proceeds from the disposition of assets	4,627
Capital contributions to unconsolidated joint ventures	7,823
Maturities of assets held by special purpose entities	788
Net cash used in investing activities	-26,221
Capital distributions to non-controlling interest	2,945
Repurchase of common stock, including excise tax	40,269
Dividends paid	33,618
Borrowings on debt	67,830
Principal payments for debt	114,452
Principal payments for finance leases	175
Debt issuance costs	651
Net cash (used in) provided by financing activities	-124,280
Net increase in cash, cash equivalents and restricted cash	40,195
Cash, cash equivalents and restricted cash at beginning of the year	96,316
Cash, cash equivalents and restricted cash at end of the year	136,511

Unit: Thousand (K) dollars (except for numbers of shares and EPS).