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SL Green Operating Partnership, L.P. cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$4.8M in Q3 2026 · $94.2M over twelve months

Operating cash flow−$4.8M
Free cash flow−$4.8M
Cash / net income-0.1×

Analysis

In Q3 2026, SL Green Operating Partnership, L.P. generated −$4.8M of operating cash flow. That is $2.0M more than in Q3 2025 (−$6.8M).

Over the twelve months to Sep 30, 2026, operating cash flow was $94.2M; the largest uses were real estate bought ($825M), dividends ($164M), taxes on employees’ shares ($6.4M); besides operations, cash came from net borrowing (+) / repaid (−) ($440M), partners ($313M); the cash balance rose by $28.9M.

Operating cash flow was −$4.8M against net income of $89.7M — -0.1× profit, less cash than reported earnings, worth checking against working capital. The largest differences: depreciation & amortization +$63.6M, prepaid and other assets −$43.6M, receivables −$3.5M.

Free cash flow

SL Green Operating Partnership, L.P.: free cash flow by quarterSL Green Operating Partnership, L.P.: free cash flow by quarter$47.1MQ4 2012$90.9MQ1 2013$61.0MQ2 2013−$6.8MQ3 2025$28.5MQ4 2025−$4.8MQ3 2026
Operating cash flow less capital spending.
SL Green Operating Partnership, L.P.: operating cash flow against capital spendingSL Green Operating Partnership, L.P.: operating cash flow against capital spendingOperating cash flowCapital spending$87.8M$40.7MQ4 2012$103M$11.6MQ1 2013$111M$49.9MQ2 2013−$6.8M$0Q3 2025$28.5M$0Q4 2025−$4.8M$0Q3 2026
Latest (Q3 2026): Operating cash flow −$4.8M, Capital spending $0.

Capital allocation, year by year

SL Green Operating Partnership, L.P.: where the cash came from (up) and went (down), by fiscal yearSL Green Operating Partnership, L.P.: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2011: Operating cash flow $313MFY2011: Net borrowing $60.6MFY2011: Shares issued $526MFY2011: Capital spending −$159MFY2011: Buybacks −$5.5M$900MFY2011FY2012: Operating cash flow $354MFY2012: Net borrowing $542MFY2012: Shares issued $536MFY2012: Capital spending −$148MFY2012: Buybacks −$14.2M$1.4BFY2012FY2023: Operating cash flow $230MFY2023: Net borrowing −$290MFY2023: Shares issued $525KFY2023: Dividends −$231M$230MFY2023FY2024: Operating cash flow $130MFY2024: Net borrowing −$340MFY2024: Shares issued $439MFY2024: Dividends −$219M$569MFY2024FY2025: Operating cash flow $82.9MFY2025: Net borrowing $220MFY2025: Shares issued −$843KFY2025: Dividends −$243M$303MFY2025
Over these 5 years operating cash flow totalled $1.1B; the largest uses were dividends ($692M) and net borrowing ($630M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$156M
Debtnone
Net cash$156M
Due within a year$655M
Cash runway8.2 years

SL Green Operating Partnership, L.P. is burning cash: its operations consume cash, a free cash flow of −$19.0M a year at the current rate against $156M of cash and investments: a runway of about 8.2 years; $655M of debt also comes due within a year, which would need refinancing or new money before any new financing.

SL Green Operating Partnership, L.P.: debt maturities by year (FY2025)SL Green Operating Partnership, L.P.: debt maturities by year (FY2025)$655MYear 1$2.6BYear 2$285MYear 3$177MYear 4$359MAfter year 5
Principal due in each year as disclosed in the annual report, against $156M of cash and investments now.

Where the cash came from and went

SL Green Operating Partnership, L.P.: sources (+) and uses (−) of cash, Q3 2026SL Green Operating Partnership, L.P.: sources (+) and uses (−) of cash, Q3 2026Other financing−$175MOther investing$158MNet borrowing (+) / repaid (−)$80.0MDividends−$49.7MPartners−$4.9MOperating cash flow−$4.8MCash drawn (+) / kept (−)−$4.2MShares issued$50K
SL Green Operating Partnership, L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026SL Green Operating Partnership, L.P.: sources (+) and uses (−) of cash, TTM to Q3 2026Real estate bought−$825MNet borrowing (+) / repaid (−)$440MPartners$313MOther investing$173MDividends−$164MOperating cash flow$94.2MCash drawn (+) / kept (−)−$28.9MTaxes on employees’ shares−$6.4MOther financing$4.6MShares issued$34K

From profit to cash

SL Green Operating Partnership, L.P.: net income to operating cash flow, Q3 2026SL Green Operating Partnership, L.P.: net income to operating cash flow, Q3 2026Net income$89.7MDepreciation & amortization$63.6MOther non-cash$1.1MReceivables−$3.5MPrepaid and other assets−$43.6MOperating cash flow−$4.8M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026−$4.8M——−$49.7M$80.0M$50K−$4.2M−$4.8M
Q4 2025$28.5M——−$61.7M$150M−$161K$20.5M$28.5M
Q3 2025−$6.8M——−$60.6M$16.6M$58K−$14.2M−$6.8M
Q2 2013$111M−$49.9M——−$45.8M$13.0M$21.1M$61.0M
Q1 2013$103M−$11.6M——$192M$4.5M−$30.1M$90.9M
Q4 2012$87.8M−$40.7M−$3.0M—−$86.9M$296K−$27.6M$47.1M

SL Green Operating Partnership, L.P.: income statement and cash flow

SL Green Operating Partnership, L.P., Q3 2026: revenue $273M (+12% year over year), operating margin 64.5%. The chart follows the revenue to costs, profit and cash.

SL Green Operating Partnership, L.P.: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.