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Starwood Property Trust, Inc. cash flow statement

In fiscal 2025, Starwood Property Trust, Inc.'s operations generated $978m of cash; it spent $878m on capital projects, leaving free cash flow of $99.4m. It returned $669m in dividends.

Cash flow statement

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

Fiscal year2011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations79266326221606557−247585−131,046−9902145296479781,091
Depreciation and amortisation—01017296794133113948349494179126
Stock-based pay142022465149394346667465535961—
Capital spending————————————00878—
Free cash flow————————————52964799—
Free cash flow after stock pay————————————47658738—
Dividends paid143186301402447458502510538547554591601620669700
Share buybacks11——134920—1203400————
Shares issued4778761,5146013264491111394503395568537

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 Starwood Property Trust, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Starwood Property Trust, Inc.