KBS Real Estate Investment Trust III, Inc. (KBSR)
KBS Real Estate Investment Trust III, Inc. (referred to as "the Company") was established as a Maryland corporation on December 22, 2009. It formally elected to be taxed as a Real Estate Investment Trust (REIT) starting with its fiscal year concluded on December 31, 2011, and plans to maintain this tax status going forward. The Company primarily conducts its business through KBS Limited Partnership III, a Delaware limited partnership known as the "Operating Partnership." The Company acts as the sole general partner and holds a nominal 0.1% interest in this partnership. KBS REIT Holdings III LLC ("REIT Holdings III") is the sole limited partner of the Operating Partnership, owning the substantial remaining 99.9% interest. Notably, the Company also functions as the exclusive member and manager of REIT Holdings III, thereby controlling the overall operational framework. The Company possesses a varied collection of real estate assets. By September 30, 2020, its portfolio included 18 office buildings, one integrated office and retail complex, and an equity investment in Prime US REIT, a Singaporean REIT (SREIT), which is accounted for under the equity method. Furthermore, as of the same date, the Company had originated a single real estate loan receivable, secured by a deed of trust.
Sector: Real Estate Investment Trusts
Industry: REIT - Diversified
KBS Real Estate Investment Trust III, Inc.
OTC:KBSRReal Estate · REIT - Diversified
Mkt Cap-
Float148.5M
O/S-
Inst Own-
SI<0.1%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$259.99M
Net Income-$78.76M
Total Assets$1.56B
Free Cash Flow-$30.83M
Debt & Equity
Debt 88%
Equity 12%
Total Debt$1.28B
Total Equity$177.8M
Shares Outstanding
Short Interest
Split History
No splits on record
Nothing in KBSR's public trading history: no forward or reverse split has affected the share count.
Balance Sheet Details
Assets$1.56B
Liabilities$1.39B
Accounts Receivable$96.15M
Accounts Payable$0
Inventory$0
PP&E (Net)$0
Goodwill$0
Intangible Assets$52K
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Revenue | $259.99M | $277.67M | $300.68M | $275.03M | $280.14M | $288.19M | $355.44M | $401.65M | $391.04M | $379.25M | $301.33M | $188.9M | $80.42M | $27.28M | $2.51M |
| YoY Growth | -6.4% | -7.7% | 9.3% | -1.8% | -2.8% | -18.9% | -11.5% | 2.7% | 3.1% | 25.9% | 59.5% | 134.9% | 194.8% | 986.1% | - |
| Cost of Revenue | $321.4M | $49.99M | $264.78M | $51.81M | $57.69M | $57.23M | $62.99M | $69.41M | $65.33M | $62.87M | $62.31M | $101.68M | $50.1M | $13.85M | $0 |
| Gross Profit | -$61.41M | $227.67M | $35.9M | $223.22M | $222.46M | $230.96M | $292.45M | $332.25M | $325.71M | $316.39M | $239.03M | $87.22M | $30.32M | $13.43M | $2.51M |
| Gross Margin | -23.6% | 82.0% | 11.9% | 81.2% | 79.4% | 80.1% | 82.3% | 82.7% | 83.3% | 83.4% | 79.3% | 46.2% | 37.7% | 49.2% | 100.0% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $7.47M | $38.11M | $28.14M | $28.22M | $25.95M | $27.59M | $33.03M | $36.75M | $30.63M | $30.34M | $24.96M | $3.4M | $2.23M | $1.97M | $0 |
| Other | -$81.77M | -$19.57M | $172.48M | $168.5M | $163.17M | $163.55M | $203.54M | $236M | $238.75M | $233.79M | $197.88M | $0 | $0 | $0 | -$4.95M |
| Total Operating Expenses | -$74.3M | $18.54M | $7.3M | $196.72M | $189.12M | $191.14M | $236.57M | $272.75M | $269.38M | $264.13M | $222.84M | $3.4M | $2.23M | $1.97M | -$4.95M |
| Operating Income (EBIT) | $12.89M | $18.24M | -$2.85M | $27.84M | $44.84M | $42.23M | $62.69M | $59.5M | $56.33M | $52.26M | $16.18M | $5.37M | $1.48M | $117K | -$2.44M |
| Operating Margin | 5.0% | 6.6% | -0.9% | 10.1% | 16.0% | 14.7% | 17.6% | 14.8% | 14.4% | 13.8% | 5.4% | 2.8% | 1.8% | 0.4% | -97.1% |
| Interest Expense | $104.14M | $126.59M | $120.47M | $60.26M | $34.56M | $42.03M | $114.27M | $72.21M | $55.01M | $51.55M | $45.37M | $27M | $9.75M | $3.57M | $0 |
| Interest Income | $1.69M | $1.23M | $505K | $63K | $52K | $72K | $655K | $312K | $170K | $61K | $172K | $0 | $0 | $0 | $0 |
| Other Income (Expense) | -$91.64M | -$29.09M | -$154.68M | -$101.08M | $101.62M | -$31.08M | $206.75M | -$56.19M | -$54.96M | -$53.27M | -$43.39M | -$17.73M | -$23.11M | -$7.8M | -$9.9M |
| Income Before Tax (EBT) | -$78.76M | -$10.85M | -$157.53M | -$62.46M | $143.66M | -$12.35M | $261.18M | $3.31M | $1.37M | $763K | -$29.02M | -$12.35M | -$21.64M | -$7.68M | -$2.44M |
| Income Tax Expense | $0 | $0 | $31.36M | $0 | $0 | $89.63M | $0 | $16.02M | $52K | $61K | $172K | $0 | $0 | $0 | $0 |
| Net Income | -$78.76M | -$10.85M | -$157.53M | -$82.8M | $102.9M | -$101.98M | $140.78M | $3.33M | $1.37M | $763K | -$29.02M | -$12.35M | -$21.64M | -$7.68M | -$2.44M |
| Net Income Margin | -30.3% | -3.9% | -52.4% | -30.1% | 36.7% | -35.4% | 39.6% | 0.8% | 0.4% | 0.2% | -9.6% | -6.5% | -26.9% | -28.2% | -97.1% |
| Supplementary Data | |||||||||||||||
| EPS | -0.53 | -0.07 | -1.06 | -0.56 | 0.60 | -0.56 | 0.81 | 0.02 | 0.01 | 0.00 | -0.16 | -0.00 | -0.00 | -0.00 | -0.00 |
| Diluted EPS | -0.53 | -0.07 | -1.06 | -0.56 | 0.60 | -0.56 | 0.81 | 0.02 | 0.01 | 0.00 | -0.16 | -0.00 | -0.00 | -0.00 | -0.00 |
| Weighted Average OS | 148.52M | 148.52M | 148.74M | 149.16M | 172.33M | 182.81M | 174.87M | 184.07M | 184.07M | 184.07M | 184.07M | 91.37B | 43.55B | 19.25B | 3.72B |
| EBITDA | $121.28M | $116.29M | $77.41M | $109.66M | $153.07M | $140.48M | $516.56M | $229.02M | $213.96M | $204.76M | $146.3M | $58.86M | -$2.34M | $9.75M | -$2.44M |
| EBITDA Margin | 46.6% | 41.9% | 25.7% | 39.9% | 54.6% | 48.7% | 145.3% | 57.0% | 54.7% | 54.0% | 48.6% | 31.2% | -2.9% | 35.7% | -97.1% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 | FY 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 | 2011-12-31 |
| Assets | |||||||||||||||
| Current Assets | |||||||||||||||
| Cash and Cash Equivalents | $23.66M | $30.48M | $36.84M | $47.77M | $44.4M | $72.52M | $43.98M | $75.02M | $65.49M | $72.07M | $108.24M | $99.14M | $33.19M | $23.52M | $37.18M |
| Short-Term Investments | $0 | $0 | $0 | $87.42M | $180.23M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Cash and Short-Term Investments | $23.66M | $30.48M | $36.84M | $135.18M | $224.63M | $72.52M | $43.98M | $75.02M | $65.49M | $72.07M | $108.24M | $99.14M | $33.19M | $23.52M | $37.18M |
| Accounts Receivable | $96.15M | $101.37M | $91.48M | $93.11M | $88.88M | $86.03M | $83.45M | $98.41M | $79.32M | $63.5M | $22M | $20.01M | $17.19M | $13.69M | $10.31M |
| Inventory | $0 | $0 | $0 | $6.07M | $2.03M | $84.4M | $127.55M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $11.09M | $159.82M | $0 | $0 | $85.62M | $134.97M | $86.66M | $102.03M | $79.56M | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $119.81M | $142.95M | $288.14M | $346.77M | $385.56M | $316.21M | $331.63M | $260.09M | $246.83M | $215.13M | $130.24M | $119.14M | $50.38M | $37.21M | $47.49M |
| Long-Term Assets | |||||||||||||||
| Property, Plant & Equipment Net | $0 | $0 | $1.84B | $1.91B | $1.87B | $1.9B | $1.97B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $52K | $120K | $189K | $262K | $348K | $449K | $566K | $4.18M | $5.86M | $8.07M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Investments | $1.35B | $40.6M | $51.8M | $1.91B | $180.99M | $233.59M | $253.37M | $0 | $34M | $0 | $0 | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | -$1.98B | -$2.05B | -$1.9B | -$1.97B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | $93.51M | $1.64B | $1.8B | $72.19M | $1.87B | $1.95B | $2.05B | $3.04B | $2.93B | $2.96B | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Assets | $1.44B | $1.68B | $1.85B | $1.91B | $1.87B | $2.19B | $2.31B | $3.04B | $2.97B | $2.97B | $0 | $0 | $0 | $0 | $0 |
| Other Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $3B | $2.27B | $1.26B | $312.18M | $83.37M |
| Total Assets | $1.56B | $1.82B | $2.14B | $2.26B | $2.25B | $2.5B | $2.64B | $3.3B | $3.22B | $3.18B | $3.13B | $2.39B | $1.31B | $349.38M | $130.86M |
| Liabilities | |||||||||||||||
| Current Liabilities | |||||||||||||||
| Accounts Payable | $0 | $46.91M | $49.65M | $56.07M | $58.32M | $55.81M | $71.38M | $67.27M | $71.01M | $56.21M | $0 | $0 | $0 | $0 | $0 |
| Short-Term Debt | $966.09M | $557.72M | $1.55B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | -$1.25B | -$1.01M | -$472.95M | -$798.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | -$557.72M | $17.52M | $18.45M | $15.86M | $18.59M | $17.28M | $45.66M | $32.14M | $12.46M | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $966.09M | $66.43M | $69.67M | $74.52M | $74.18M | $74.5M | $88.66M | $112.92M | $103.15M | $68.67M | $0 | $0 | $0 | $0 | $0 |
| Long-Term Liabilities | |||||||||||||||
| Long-Term Debt | $316.76M | $1.44B | $1.74B | $1.67B | $1.48B | $1.39B | $1.46B | $2.18B | $1.94B | $1.78B | $0 | $0 | $730.69M | $119.8M | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $102.19M | $57.79M | $66.41M | $95.51M | $81.62M | $143.42M | $105.08M | $72.44M | $96.46M | $137.16M | $0 | $0 | $0 | $0 | $0 |
| Total Long-Term Liabilities | $419.21M | $1.5B | $1.8B | $1.76B | $1.56B | $1.53B | $1.56B | $2.26B | $2.04B | $1.92B | $0 | $0 | $730.69M | $119.8M | $0 |
| Other Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $1.39B | $1.57B | $1.87B | $1.84B | $1.63B | $1.61B | $1.65B | $2.37B | $2.14B | $1.99B | $0 | $0 | $730.69M | $119.8M | $0 |
| Stockholders' Equity | |||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $855.64M | $703.95M | $744.99M | $617.17M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $1.49M | $1.49M | $1.49M | $1.48M | $1.53M | $1.84M | $1.81M | $1.77M | $1.81M | $1.81M | $55.37M | $29.33M | $12.41M | $4.8M | $740K |
| Retained Earnings | -$1.14B | -$1.06B | -$1.05B | -$855.64M | -$703.95M | -$744.99M | -$617.17M | -$626.54M | -$514.45M | -$398.09M | $0 | $0 | $0 | $0 | $0 |
| Comprehensive Income & Other | $0 | $0 | $0 | -$855.64M | -$703.95M | -$744.99M | -$617.17M | $0 | $110K | -$2.3M | -$4.23M | -$2.19M | $2.18M | $0 | $0 |
| Other Stockholders' Equity | $1.31B | $1.31B | $1.31B | $1.28B | $1.32B | $1.64B | $1.6B | $1.56B | $1.59B | $1.59B | $1.23B | $903.77M | $490.4M | $202.42M | $83.53M |
| Total Equity | $177.8M | $256.56M | $267.41M | $421.67M | $620.19M | $898.04M | $985.05M | $930.61M | $1.08B | $1.19B | $1.29B | $933.1M | $502.82M | $207.22M | $84.27M |
| Minority Interest | $0 | $0 | $0 | $0 | $42.37M | $0 | $255K | $283K | $300K | $300K | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.56B | $1.82B | $2.14B | $2.26B | $2.25B | $2.5B | $2.64B | $3.3B | $3.22B | $3.18B | $1.29B | $933.1M | $1.23B | $327.02M | $84.27M |
| Supplementary Data | |||||||||||||||
| Total Debt | $1.28B | $1.44B | $1.74B | $1.67B | $1.47B | $1.39B | $1.46B | $2.18B | $1.94B | $1.78B | $0 | $0 | $730.69M | $119.8M | $0 |
| Net Debt | $1.26B | $1.41B | $1.7B | $1.62B | $1.42B | $1.32B | $1.42B | $2.11B | $1.88B | $1.71B | -$108.24M | -$99.14M | $697.5M | $96.28M | -$37.18M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$78.76M | -$10.85M | -$157.53M | -$62.46M | $143.66M | -$12.35M | $261.18M | $3.33M | $1.37M | $763K | -$29.02M | -$12.35M | -$21.64M | -$7.68M |
| Depreciation & Amortization | $95.9M | $111.21M | $114.47M | $110.58M | $108.23M | $108M | $137.59M | $153.5M | $157.58M | $152.44M | $129.95M | $82.19M | $9.54M | $13.87M |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$317K | -$7.32M | -$3.14M | $3.04M | -$5M | -$2.7M | -$10.6M | -$11.23M | -$5.22M | -$5.02M | -$4.16M | -$2.68M | -$103K | -$878K |
| Inventory | $0 | $0 | $0 | $0 | $0 | $2.7M | $10.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | -$15.09M | $3.34M | -$1.32M | -$2.6M | $4.14M | -$6.7M | -$933K | $1.24M | $5.37M | $672K | $9.04M | $2.67M | $8.85M | $4.01M |
| Other Working Capital | -$5.92M | -$11.06M | $1.03M | -$7.46M | -$11.69M | -$593K | -$47.2M | -$19.41M | -$27.74M | -$22.25M | $2.72M | $3.46M | $3.32M | -$4.01M |
| Total Working Capital Change | -$21.32M | -$15.04M | -$293K | -$7.01M | -$12.55M | -$7.29M | -$48.13M | -$29.41M | -$27.59M | -$26.59M | $7.6M | $776K | $3.21M | -$878K |
| Other Non-Cash Items | -$1.9M | -$77.67M | $84.99M | $34.85M | -$138.53M | $13.37M | -$280.01M | -$26.49M | -$6.93M | -$12.45M | -$7.58M | -$16.66M | $29.04M | $2.35M |
| Net Cash from Operating | -$6.08M | $7.65M | $41.63M | $75.97M | $100.8M | $101.73M | $70.63M | $100.93M | $124.44M | $114.16M | $100.95M | $53.95M | $20.16M | $7.66M |
| Investing Activities | ||||||||||||||
| Capital Expenditures | $0 | $0 | $0 | -$121.57M | -$70.13M | -$87.63M | -$79.93M | -$88.72M | -$81.95M | -$67.28M | -$69.9M | $0 | $0 | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $65.82M | -$1.01M | -$28.69M | -$33.71M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | -$25K | $0 | $0 | -$3.28M | -$21.71M | -$62.92M | -$81.53M | -$153.59M | -$759.9M | $0 | $0 | $0 |
| Sales of Investments | $0 | $0 | $0 | $0 | $58.94M | $25.09M | $16.19M | $42.76M | $0 | $22.53M | $162K | $0 | $0 | $0 |
| Other Investing Activities | $195.34M | $157.9M | -$81.22M | -$121.57M | $237.68M | $84.28M | $933.33M | $4.63M | -$2.08M | -$544K | -$2.18M | -$1.04B | -$938.61M | -$233.42M |
| Net Cash from Investing | $195.34M | $157.9M | -$81.24M | -$121.57M | $226.49M | $84.28M | $846.86M | -$104.25M | -$163.47M | -$198.88M | -$831.81M | -$1.04B | -$938.61M | -$233.42M |
| Financing Activities | ||||||||||||||
| Debt Repaid | - | $162.55M | -$67.22M | -$199.1M | -$75.55M | $69.63M | $729.78M | -$172.67M | -$163.51M | -$140.01M | -$330.49M | -$592.21M | -$610.89M | - |
| Common Stock Issuance | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $524.84M | $0 | $0 | $161.62M |
| Common Stock Repurchases | $0 | $0 | -$12.14M | -$89.18M | -$365.59M | -$10.88M | -$101M | -$96.06M | -$61.87M | -$34.77M | -$10.59M | -$3.64M | -$2.78M | -$740K |
| Dividends Paid | $0 | $0 | -$25.32M | -$56.2M | -$61.7M | -$62.8M | -$110.59M | -$59.46M | -$57.97M | -$54.99M | -$47.6M | -$27.13M | -$13.77M | -$6.35M |
| Other Financing Activities | -$10.96M | -$12.35M | $6.94M | -$713K | -$6.92M | -$14.15M | -$2.89M | -$3.26M | -$11.22M | -$1.71M | -$4.31M | $490.11M | $333.78M | $218.46M |
| Net Cash from Financing | -$168.63M | -$174.9M | $36.7M | $53M | -$358.66M | -$157.47M | -$944.26M | $13.88M | $32.45M | $48.55M | $739.96M | $1.05B | $928.12M | $212.1M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $20.64M | -$9.35M | -$2.92M | $7.4M | -$31.38M | $28.54M | -$26.77M | $10.55M | -$6.58M | -$36.17M | $5.5M | $69.55M | $9.67M | -$13.66M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | -$6.08M | $7.65M | $41.63M | $75.97M | $100.8M | $101.73M | $70.63M | $100.93M | $124.44M | $114.16M | $100.95M | $53.95M | $20.16M | $7.66M |
| Capital Expenditure | -$24.75M | $0 | $0 | -$121.57M | -$70.13M | -$87.63M | -$79.93M | -$88.72M | -$81.95M | -$67.28M | -$69.9M | $0 | $0 | $0 |
| Free Cash Flow | -$30.83M | $7.65M | $41.63M | -$45.6M | $30.67M | $14.1M | -$9.3M | $12.21M | $42.49M | $46.88M | $31.05M | $53.95M | $20.16M | $7.66M |
| Cash at Beginning | $41.57M | $50.92M | $53.84M | $46.44M | $77.81M | $49.27M | $76.04M | $65.49M | $72.07M | $108.24M | $102.74M | $33.19M | $23.52M | $37.18M |
| Cash at End | $62.22M | $41.57M | $50.92M | $53.84M | $46.44M | $77.81M | $49.27M | $76.04M | $65.49M | $72.07M | $108.24M | $102.74M | $33.19M | $23.52M |