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Highwoods Properties, Inc. cash flow statement

In fiscal 2025, Highwoods Properties, Inc.'s operations generated $359m of cash. It returned $217m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMSept 2026
Cash from operations353359366358415422387404359380
Depreciation and amortisation228230255242259288299299295311
Stock-based pay7776987889
Dividends paid181191197199204210211212217220
Shares issued764242482546312

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Highwoods Properties, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Highwoods Properties, Inc.