Cash flow Statement (Quarterly, GAAP
in millions $) |
(Dec 31 2023) 12 Months |
(Sep 30 2023) 9 Months |
(Jun 30 2023) 6 Months |
(Mar 31 2023) 3 Months |
(Dec 31 2022) 12 Months |
Income |
-550.71 |
-585.76 |
-41.77 |
-22.63 |
184.64 |
Depreciation & amortization |
195.63 |
145.71 |
95.11 |
46.94 |
180.20 |
Amortization of Other Assets |
12.30 |
9.01 |
5.93 |
2.94 |
10.75 |
Extraordinary Item, Gain (Loss), Insurance Assets, Accretion Expense
|
- |
- |
- |
- |
- |
Asset Impairment Charges |
672.49 |
672.49 |
- |
- |
- |
Provision for Loan, Lease, and Other Losses |
8.60 |
4.67 |
2.08 |
0.47 |
-2.24 |
Inventories Decrease /-Increase |
- |
- |
- |
- |
- |
R & D, Environmental and Other Expense |
- |
- |
- |
- |
- |
Gain (Loss) on Disposition of Business |
- |
- |
- |
- |
- |
Share-based Compensation |
15.85 |
12.44 |
8.22 |
4.95 |
11.90 |
Income (Loss) from Equity Method Investments, Net of Dividends or Distributions |
66.68 |
49.90 |
17.44 |
7.84 |
28.08 |
Gains (Losses) on Extinguishment of Debt |
- |
- |
- |
- |
- |
Equity In Earnings From Real Estate Affiliates Adjustments |
- |
- |
- |
- |
- |
Investment In Real Estate Affiliate Basis Adjustment |
- |
- |
- |
- |
- |
Amortization Accretion Of Deferred Financing Costs And Debt Market Rate Adjustments |
- |
- |
- |
- |
- |
Amortization Of Intangibles Other Than In Place Leases |
2.46 |
1.64 |
0.82 |
2.46 |
1.64 |
Straight Line Rent Amortization |
- |
- |
- |
- |
- |
Restricted Stock And Stock Option Amortization |
- |
- |
- |
- |
- |
L and Residential Development And Acquisitions Expenditures |
- |
- |
- |
- |
- |
Master Planned Community And Condominium Cost Of Sales |
- |
- |
- |
- |
- |
Reorganization Items Finance Costs Related To Emerged Entities |
- |
- |
- |
- |
- |
Reduction In Tax Indemnity Receivable |
- |
- |
- |
- |
- |
Master Planned Community Cost Of Sales |
63.02 |
37.87 |
22.00 |
69.50 |
52.02 |
Condominium Development Expenditures |
-349.21 |
-242.72 |
-124.52 |
-235.10 |
-151.75 |
Warrant Liability Gain Loss |
- |
- |
- |
- |
- |
Increase Reduction In Tax Indemnity Receivable |
- |
- |
- |
- |
- |
Interest Income Tax Indemnity |
- |
- |
- |
- |
- |
Special Improvement District Bond Transfers Associated With L and Sales |
3.12 |
- |
- |
5.86 |
3.93 |
Property Developments And Redevelopments |
- |
- |
- |
- |
- |
Accrued Interest Included In Construction Loan Payable Non Cash |
- |
- |
- |
- |
- |
Condominium Deposits Held In Escrow |
- |
- |
- |
- |
- |
Amortization Excluding Amortization Of Debt Issuance Costs And Discounts |
- |
- |
- |
- |
- |
Gain Loss On Extinguishment Of Debt Net Of Cash Paid |
- |
- |
- |
- |
- |
Income taxes |
-163.61 |
-166.24 |
-17.79 |
-1.89 |
42.02 |
Gain (Loss) on Sale of Properties |
-24.16 |
-21.00 |
-4.71 |
-4.73 |
-34.70 |
Increase (Decrease) in Accounts and Notes Receivable |
112.05 |
-13.70 |
-4.75 |
-1.84 |
87.67 |
Increase (Decrease) in Accounts Payable and Accrued Liabilities |
40.99 |
-17.14 |
-32.27 |
-66.95 |
8.87 |
Increase (Decrease) in Pension Plan Obligations |
- |
- |
- |
- |
- |
Increase (Decrease) in Customer Deposits |
- |
- |
- |
- |
- |
Prepaid Expense and Other Assets |
-47.86 |
-22.41 |
-16.30 |
-7.09 |
-67.74 |
Other Working Capital |
- |
-32.01 |
-4.40 |
18.31 |
- |
Other Noncash Items |
- |
- |
- |
- |
- |
Other net |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Operating Activities |
-282.13 |
-115.09 |
-53.92 |
-18.90 |
72.56 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Operating Activities |
-256.23 |
-359.74 |
-250.36 |
-144.27 |
325.25 |
Capital Expenditures |
-331.40 |
-249.55 |
-175.96 |
-84.14 |
-407.81 |
Sale of Capital Items |
- |
- |
- |
- |
- |
Short-term Investments Proceeds |
- |
- |
- |
- |
- |
Short-term Investments Acq. |
- |
- |
- |
- |
- |
Real Estate Investments |
52.56 |
39.92 |
9.44 |
3.11 |
289.41 |
Reimbursement For Infrastructure Improvements From Municipality |
- |
- |
- |
- |
- |
Proceeds From Dispositions |
- |
- |
- |
- |
- |
Proceeds From Sales Of Investment Properties |
- |
- |
- |
- |
- |
Increase In Investments In Real Estate Affiliates |
- |
- |
- |
- |
- |
Proceeds From Reimbursements Under Tax Increment Financing |
1.47 |
- |
- |
0.13 |
0.13 |
Increase (Decrease) in Restricted Cash |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Loans |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Deposits |
- |
- |
- |
- |
- |
Proceeds from Insurance Settlement, Investing Activities |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Federal Reserve and Federal Home Loan Bank |
- |
- |
- |
- |
- |
Other Payments to Acquire Businesses |
-5.90 |
-5.90 |
-5.90 |
- |
- |
Payments to Acquire Interest in Subsidiaries and Affiliates |
-45.53 |
-34.08 |
-24.13 |
-11.79 |
-100.41 |
Sale of businesses |
- |
- |
- |
- |
- |
Accounts payable |
- |
- |
- |
- |
- |
Receivables |
- |
- |
- |
- |
- |
Payments for (Proceeds from) Other Investing Activities |
- |
- |
- |
- |
- |
Other Net |
-7.34 |
-5.61 |
-3.64 |
-1.27 |
-2.00 |
Discontinued operations |
- |
- |
- |
- |
- |
Net Cash flow from
Investing Activities |
-336.14 |
-253.74 |
-200.20 |
-94.10 |
-220.70 |
Short-term debt Net |
- |
- |
- |
- |
- |
Other borrowing transactions |
-2.82 |
-2.37 |
-0.08 |
-0.08 |
-18.58 |
Long-term debt - borrowings |
792.44 |
559.31 |
201.34 |
32.07 |
1,235.90 |
Long-term debt - repayments |
-249.44 |
-110.85 |
-7.34 |
-3.29 |
-1,065.35 |
Federal Home Loan Bank and Federal Funds |
- |
- |
- |
- |
- |
Issuances/ -repurchases
of Comm. Stock |
- |
- |
- |
- |
-403.52 |
Payments of Distributions to Affiliates |
-2.30 |
- |
- |
- |
- |
Issuances/ -repurchases
of Pref. Stock |
- |
- |
- |
0.06 |
9.15 |
Deposits, Annuities, Contract Holders Funds |
- |
- |
- |
- |
- |
Other financing activities net |
- |
- |
- |
- |
- |
Other net |
-1,101.58 |
-1,101.40 |
-1,101.35 |
-1,100.46 |
-1,219.65 |
Change In Investment Net |
- |
- |
- |
- |
- |
Principal Payments On Mortgages Notes And Loans Payable |
- |
- |
- |
- |
- |
Finance Costs Related To Emerged Entities |
- |
- |
- |
- |
- |
Deferred Financing Costs |
- |
- |
- |
- |
- |
Proceeds From Issuance Of Common Stock And Warrants |
- |
- |
- |
- |
- |
Proceeds From Issuance Of Management Warrants |
- |
- |
- |
- |
- |
Special Improvement District Bonds Held In Escrow |
- |
- |
- |
- |
- |
Preferred Dividend Payment On Behalf Of Reit Subsidiary |
- |
- |
- |
- |
- |
Payments Of Premium On Redemption Of Notes |
- |
- |
- |
- |
- |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents |
1,098.94 |
1,098.94 |
1,098.94 |
1,216.64 |
1,216.64 |
Special Improvement District Bonds Released From Escrow |
6.72 |
3.26 |
1.36 |
13.02 |
6.15 |
Proceeds From Contributions From Noncontrolling Interest Owner |
- |
- |
- |
- |
- |
Payments of Dividends, Preferred Stock and Preference Stock |
- |
- |
- |
- |
- |
Dividends paid |
- |
- |
- |
- |
- |
Net Cash flow from
Financing Activities |
546.50 |
450.34 |
194.77 |
28.60 |
-222.26 |
Effect of exchange rate on cash flow |
- |
- |
- |
- |
- |
Discontinued operations |
- |
- |
- |
- |
- |
Free
Cash Flow |
-587.64 |
-609.29 |
-426.32 |
-228.41 |
-82.56 |
Total Cash Flow |
-45.88 |
-163.14 |
-255.79 |
-209.77 |
-117.70 |
Cash & cash equiv. at beg.
of the Year |
631.55 |
491.68 |
389.41 |
417.75 |
626.65 |
Cash & cash equivalents at
end of period |
- |
- |
- |
- |
- |
Cash Interests paid |
- |
- |
- |
- |
- |
Cash Income taxes paid |
10.61 |
4.27 |
4.27 |
- |
24.97 |