Paramount Group, Inc. Cashflow Statement

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated statements of cash flows

In millions of USD, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021	FY2020 12 months to Dec 31, 2020
Cash Flows from Operating Activities:
Net loss
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization
Straight-lining of rental revenue
Amortization of stock-based compensation expense
Amortization of deferred financing costs
Loss from unconsolidated joint ventures
Real estate impairment losses related to investments in unconsolidated joint ventures
Distributions of earnings from unconsolidated joint ventures
Realized and unrealized losses on real estate related fund investments
(Income) loss from unconsolidated real estate related funds
Distributions of earnings from unconsolidated real estate related funds
Amortization of above and below-market leases, net
Non-cash gain on extinguishment of IPO related tax liability
Loss recognized upon consolidation of real estate related fund investments that were previously unconsolidated
Realized and unrealized gains on marketable securities
Loss on sale of real estate related to discontinued operations
Other non-cash adjustments
Changes in operating assets and liabilities:
Real estate related fund investments
Accounts and other receivables
Deferred charges
Other assets
Accounts payable and accrued expenses
Other liabilities

Net cash provided by operating activities
Cash Flows from Investing Activities:
Additions to real estate
Proceeds from repayment of a mezzanine loan investment
Investment in a mezzanine loan
Investments in and contributions of capital to unconsolidated joint ventures
Distribution of capital from an unconsolidated joint venture
Advances to a partner in One Steuart Lane
Repayment of advances by a partner in One Steuart Lane
Contributions of capital to unconsolidated real estate related funds
Due from affiliates
Repayment of amounts due from affiliates
Distributions of capital from unconsolidated real estate related funds
Investment in real estate related funds
Sales of marketable securities
Purchases of marketable securities
Proceeds from the sale of real estate related to discontinued operations
Net cash used in investing activities

Cash Flows from Financing Activities:
Proceeds from notes and mortgages payable
Debt issuance costs
Purchase of interest rate caps
Repayment of borrowings under revolving credit facility
Borrowings under revolving credit facility
Proceeds from the sale of a 10.0% interest in 1633 Broadway
Repayment of note payable issued in connection with the acquisition of noncontrolling interest in consolidated real estate related fund
Contributions from noncontrolling interests in consolidated joint ventures
Distributions to noncontrolling interests in consolidated joint ventures
Contributions from noncontrolling interests in consolidated real estate related funds
Distributions to noncontrolling interests in consolidated real estate related funds
Dividends paid to common stockholders
Distributions paid to common unitholders
Deposit received for the sale of a 45.0% equity interest in 900 Third Avenue
Repurchase of shares related to stock compensation agreements and related tax withholdings
Repurchases of common shares
Settlement of accounts payable in connection with repurchases of common shares
Net cash used in financing activities

Net increase (decrease) in cash and cash equivalents and restricted cash
Cash and cash equivalents and restricted cash at beginning of period
Cash and cash equivalents at end of period
Restricted cash at end of period
Cash and cash equivalents and restricted cash at end of period
Supplemental Disclosure of Cash Flow Information:
Cash payments for interest
Cash payments for income taxes, net of refunds
Non-Cash Transactions:
Write-off of fully amortized and/or depreciated assets
Change in value of interest rate swaps and interest rate caps
Additions to real estate included in accounts payable and accrued expenses
Common shares issued upon redemption of common units
Dividends and distributions declared but not yet paid
Transfer of deposit to investment in unconsolidated joint ventures
Repurchases of common shares included in accounts payable and accrued expenses
Increase (decrease) due to consolidation of real estate related fund investments that were previously unconsolidated:
Real estate related fund investments
Investments in unconsolidated real estate related funds
Noncontrolling interests in consolidated real estate related funds
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period
Restricted cash at beginning of period

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