What does free cash flow mean?

Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.

Piedmont Office Realty Trust PDM Free cash flow

Discontinued — last reported Q1 '20

Free cash flow at other companies

Cousins PropertiesCUZ

$33.76M-8.4%

CenterspaceCSR

$16.11M-21.0%

InvenTrust PropertiesIVT

$14.11M+10.2%

American Assets TrustAAT

$18.16M-11.1%

Empire State Realty TrustESRT

$50.72M+23.5%

Douglas EmmettDEI

$65.23M-27.8%

Other financials

Income statement

See full

Revenue$143.3M+0.4%

Net income-$12.9M-27.9%

EPS (diluted)-$0.10-25.0%

Balance sheet

See full

Cash & equivalents$2.3M-21.7%

Total debt$15.0K-85.0%

Total equity$1.5B-5.0%

Total assets$4.0B+0.7%

Cash flow

See full

Operating cash flow$28.1M+657%

Valuation

See full

Market cap$1.11B+20.3%

P/S2×+0.3×

Profitability

See full

Operating margin22%—

Net margin-15.3%+10.8pp

FCF margin-34.6%—

Returns & leverage

See full

Return on equity-5.7%+5.7pp

Where this comes from

Calculated from Piedmont Office Realty Trust’s reported figures.

$46.8Mnet cash from operating−$62.0Kcapital expenditures=$46.74M

The official record: Piedmont Office Realty Trust’s 10-Q, filed April 28, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does free cash flow mean?: Free cash flow represents the cash generated by a company after accounting for cash outflows to support operations and maintain or expand its capital asset base. It serves as a critical indicator of a company's ability to fund organic growth, pay down debt, or return capital to shareholders without relying on external financing.