CubeSmart
Cash Flow
Last updated:
Cash flow statement presents a set of outflows and inflows of cash within a company through operating, investing and financing activities. Over the last year, operating activities of CubeSmart generated cash of $611,136,000, which is more than the previous year. Cash used in financing activities reached the amount of -$518,026,000 last year. Net change in cash is therefore -$708,000.
Cash Flow
| 2014 | 166.03M | -522.69M | 356.39M |
|---|---|---|---|
| 2015 | 215.70M | -374.60M | 218.87M |
| 2016 | 263.52M | -544.47M | 221.04M |
| 2017 | 293.43M | -147.82M | -143.31M |
| 2018 | 304.33M | -322.25M | 15.24M |
| 2019 | 331.76M | -375.66M | 95.85M |
| 2020 | 351.03M | -511.44M | 108.19M |
| 2021 | 449.18M | -1.85B | 1.41B |
| 2022 | 591.46M | -48.76M | -547.09M |
| 2023 | 611.13M | -93.81M | -518.02M |
CUBE Cash Flow Statement (2014 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
Cash at beginning of period | 8.92M | 13.31M | 6.22M | 58.44M | 6.48M | 9.15M | 2.97M | 62.86M | 2.90M | 3.17M |
Operating activities | ||||||||||
Net income | 410.75M | 292.47M | 230.81M | 167.61M | 170.77M | 165.48M | 135.61M | 88.37M | 78.75M | 26.70M |
| Adjustments to reconcile net income to cash generated by operating activities: | ||||||||||
Depreciation and amortization | 205.37M | 314.50M | 240.21M | 159.24M | 166.36M | 145.66M | 148.31M | 164.44M | 154.11M | 129.00M |
Stock-based compensation expense | 10.08M | 9.08M | 8.08M | 7.14M | 6.69M | 5.57M | 5.58M | 3.21M | 2.15M | 1.73M |
| Deferred income tax benefit | 10.08M | 9.08M | 8.08M | 7.14M | 6.69M | 5.57M | 5.58M | 3.21M | 2.15M | 1.73M |
| Changes in operating assets and liabilities: | ||||||||||
Accounts receivable, net | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventories | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accounts payable | 96K | 20.39M | 14.87M | 13.92M | 6.04M | 2.65M | 10.84M | 7.86M | -438K | 2.69M |
Cash generated by operating activities | 611.13M | 591.46M | 449.18M | 351.03M | 331.76M | 304.33M | 293.43M | 263.52M | 215.70M | 166.03M |
Investing activities | ||||||||||
Purchases Of Investments | 0 | -113.38M | -249.69M | -480.29M | -349.04M | -319.72M | -134.64M | -522.55M | -4.1M | 0 |
Investments In Property Plant And Equipment | 0 | -41.23M | -34.60M | -49.85M | -102.82M | -86.00M | -64.65M | -143.71M | -81.31M | -23.56M |
Acquisitions Net | -21K | -21K | -1.70B | -7.02M | -128.22M | -19.21M | -301K | -12.17M | -8.43M | -2.55M |
Cash generated by investing activities | -93.81M | -48.76M | -1.85B | -511.44M | -375.66M | -322.25M | -147.82M | -544.47M | -374.60M | -522.69M |
Financing activities | ||||||||||
Common Stock Issued | 0 | 6.46M | 973.50M | 120.72M | 196.30M | 0 | 29.64M | 136.12M | 234.06M | 0 |
Payments for dividends | -442.21M | -387.10M | -282.13M | -256.25M | -243.85M | -221.32M | -195.00M | -155.82M | -113.10M | -81.85M |
Repurchases of common stock | -276K | -1.40M | -876K | -686K | -421K | -1.46M | 0 | -77.57M | 0 | 0 |
Repayments of term debt | -75.39M | -151.42M | -748.26M | -607.37M | 185.31M | -104.00M | 32.92M | -952.16M | 86.43M | 9.25M |
Cash used in financing activities | -518.02M | -547.09M | 1.41B | 108.19M | 95.85M | 15.24M | -143.31M | 221.04M | 218.87M | 356.39M |
Net Change In Cash | -708K | -4.39M | 7.08M | -52.21M | 51.95M | -2.67M | 2.29M | -59.89M | 59.96M | -275K |
Cash at end of period | 8.21M | 8.92M | 13.31M | 6.22M | 58.44M | 6.48M | 5.26M | 2.97M | 62.86M | 2.90M |
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