Blackstone Mortgage Trust Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2015 - 2019
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020	2015 - 2019
Net Income	107.2	-204.09	246.56	248.64	419.19	137.67	Upgrade
Depreciation & Amortization	56.15	9.41	-	-	-	-	Upgrade
Other Amortization	38.1	42.96	54.26	50.02	41	37.4	Upgrade
Loss (Gain) From Sale of Investments	-12.58	-12.06	-25.43	-19.95	-0.04	0.5	Upgrade
Provision for Credit Losses	113.17	538.8	249.79	211.51	-39.86	167.65	Upgrade
Loss (Gain) on Equity Investments	1.71	2.75	-	-	-	-	Upgrade
Stock-Based Compensation	29.34	31.83	30.66	33.41	31.65	53.81	Upgrade
Change in Other Net Operating Assets	-31.7	40.6	-14.42	-47.44	3.24	-2.96	Upgrade
Other Operating Activities	-77.29	-83.74	-82.57	-79.36	-72.69	-57.47	Upgrade
Operating Cash Flow	224.11	366.45	458.84	396.83	382.48	336.61	Upgrade
Operating Cash Flow Growth	-42.98%	-20.14%	15.63%	3.75%	13.63%	10.71%	Upgrade
Investment in Securities	-185.86	-7.2	-	-	-	-	Upgrade
Net Decrease (Increase) in Loans Originated / Sold - Investing	2,120	3,434	1,496	-3,556	-5,820	-46.27	Upgrade
Other Investing Activities	23.35	70.58	-52.26	302.09	192.66	-41.98	Upgrade
Investing Cash Flow	1,948	3,497	1,444	-3,254	-5,627	-88.25	Upgrade
Long-Term Debt Issued	-	2,754	2,030	7,401	14,250	5,097	Upgrade
Long-Term Debt Repaid	-	-6,158	-3,418	-4,389	-8,975	-5,083	Upgrade
Net Debt Issued (Repaid)	-1,670	-3,403	-1,389	3,011	5,275	13.75	Upgrade
Issuance of Common Stock	-	-	-	70.65	638.01	278.32	Upgrade
Repurchase of Common Stock	-65.99	-29.23	-	-	-	-	Upgrade
Common Dividends Paid	-323.8	-404.02	-426.93	-421.39	-370.66	-348.91	Upgrade
Other Financing Activities	-58.53	-45.95	-32.17	-53.53	-34.45	-53.94	Upgrade
Financing Cash Flow	-2,118	-3,883	-1,848	2,607	5,508	-110.77	Upgrade
Foreign Exchange Rate Adjustments	1.45	-7.39	3.7	-10.33	-2.06	2.29	Upgrade
Net Cash Flow	55.82	-26.53	58.67	-259.81	261.18	139.88	Upgrade
Cash Interest Paid	1,005	1,261	1,293	608.26	287.72	312.09	Upgrade
Cash Income Tax Paid	3.25	4.48	6.67	0.68	-0.07	0.23	Upgrade

Source: S&P Global Market Intelligence. Financial Services template. Financial Sources.