BLACKSTONE MORTGAGE TRUST, INC. BXMT Cash Flow

Blackstone mortgage trust, inc. (BXMT)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities
Net (loss) income
177	307	301	304	301	285	270	249	227	217	213	221	240	246	258	260	222	211	171	127	133	100	84	71	40	25	138	141	137	279	140	136	139	252	0	0	0
Adjustments to reconcile net (loss) income to net cash provided by operating activities
Gain on extinguishment of debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	271	0	0	0
Non-cash compensation expense
31	30	30	29	28	28	26	25	25	24	23	23	22	21	22	19	19	20	17	16	13	9	10	9	8	6	4	4	3	3	5	3	3	3	0	0	0
Distributions of income from unconsolidated subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1	-1	0	0	0	-	-	-	-
Incentive awards plan expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	0	0
Deferred directors' compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	0	0
Distributions from CT Legacy Asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	7	9	0	0	0	-	0	0	0
Amortization of deferred fees on loans and debt securities
58	57	51	51	49	47	45	45	40	38	37	36	40	40	42	44	39	36	32	24	22	19	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Amortization of premiums/discounts on loans and securities and deferred interest on loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3	3	1	1	0	0	0
Amortization of deferred gains and losses on settlement of swaps
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	0	0	0	0
Amortization of deferred financing costs and premiums/ discount on debt obligations
34	32	29	29	29	28	26	26	23	21	20	19	19	19	21	22	21	20	17	13	11	9	10	8	6	4	2	2	3	12	13	15	18	11	0	0	0
Increase in current expected credit loss reserve
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on investments at fair value
-	-	-	-	-	-	-	-	-	-	-	-	-	13	13	10	4	21	27	29	32	13	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Income from equity investment in unconsolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	3	8	6	7	11	0	0	0	-	-	-	-	-	-	-	1	1	2	2	3	3	0	0	0
Principal collections of loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	0	0	-	0	0	0
Return of capital distributions from unconsolidated subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Proceeds from disposition of loans
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Contributions to unconsolidated subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	4	4	5	3	3	0	0	0
Distributions of income from unconsolidated subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Fair value adjustment on investment in CT Legacy Asset
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	0	0	0
Loss on deconsolidation of subsidiary
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	53	200	0	0	0	-	0	0	0
Net impairments recognized in earnings
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	9	41	41	49	0	0	0
Recovery of provision for loan losses
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	36	36	56	36	28	19	0	0	0
Valuation allowance on loans held-for-sale
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1	0	0	0	-	-	-	0	-	-	-	-
Loss on interest rate swaps not designated as cash flow hedges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-15	-13	-9	-6	0	0	0
Changes in assets and liabilities, net
Other assets
10	7	17	8	27	23	14	19	6	4	2	-0	-3	-6	-14	-38	20	22	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other liabilities
-1	-0	1	7	12	18	9	15	13	6	7	-1	-5	-10	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Accounts payable, accrued expenses, and other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	2	-0	0	-1	-2	-0	-2	-2	3	-1	1	-2	0	0	0
Accrued interest receivable, prepaid expenses, and other assets
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	2	3	0	-1	-4	-3	-2	-0	0	0	0
Accrued interest receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	0	0	0	-	0	0	0
Deferred income taxes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	3	3	2	0	0	0	0
Net cash provided by operating activities
295	304	295	312	294	290	273	251	242	227	225	224	228	236	254	288	204	171	127	52	98	80	71	58	42	28	9	4	6	6	21	22	25	28	0	0	0
Cash flows from investing activities
Origination and fundings of loans receivable
7,062	6,890	5,986	5,612	6,711	7,890	6,506	6,333	4,874	3,598	3,165	3,215	3,268	3,151	2,697	2,176	6,887	7,204	7,577	7,756	3,230	3,067	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal collections and sales proceeds from loans receivable and debt securities
5,097	4,940	3,170	2,925	2,546	3,084	3,307	3,649	3,214	2,780	2,435	3,287	3,661	3,514	3,818	2,985	2,420	2,347	1,801	1,034	892	620	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Principal collections and proceeds from securities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	63	91	107	94	0	0	0
Origination and exit fees received on loans receivable
69	66	62	59	91	104	91	92	61	55	47	48	46	44	42	38	37	33	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Origination and exit fees received on loans receivable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Receipts under derivative financial instruments
132	49	48	36	50	47	35	21	4	6	16	36	31	41	33	24	32	17	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments under derivative financial instruments
29	6	9	13	12	18	16	18	24	20	18	10	15	14	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Collateral deposited under derivative agreements
152	59	18	30	34	38	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Return of collateral deposited under derivative agreements
157	28	23	30	36	43	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net cash used in investing activities
-1,786	-1,871	-2,708	-2,187	-3,617	-4,251	-2,672	-2,588	-1,623	-780	-675	144	455	434	1,160	843	-4,404	-4,823	-5,739	-6,687	-2,319	-2,412	-2,453	-2,567	-2,442	-1,782	-1,132	-579	86	189	272	487	1,964	2,093	0	0	0
Cash flows from financing activities
Distributions from unconsolidated subsidiaries
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Change in restricted cash
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-26	-	-1	-4	16	1	-65	-10	-2	-4	60	6	0	1	2	5	8	12	0	0	0
Borrowings under secured debt agreements
6,834	6,569	6,384	6,045	7,956	9,183	7,279	7,164	5,465	4,306	3,736	3,422	3,345	3,185	2,550	2,151	6,827	6,885	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments under secured debt agreements
6,599	5,526	4,314	4,761	4,631	5,413	6,444	5,928	5,371	4,778	3,027	3,880	3,740	3,534	3,738	2,837	3,109	3,030	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Proceeds from issuance of collateralized loan obligations
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of collateralized loan obligations
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from sale of loan participations
8	21	34	48	75	99	0	0	0	-	-	-	-	-	-	-	-	256	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of loan participations
-	-	-	-	-	-	-	-	-	-	-	-	-	136	92	206	219	238	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayments of secured term loan
0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of junior subordinated notes
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Borrowings under legacy credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	83	0	0	0
Repayments under repurchase obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Repayments of legacy credit facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	90	90	110	47	0	0	0
Payment of deferred financing costs
48	39	31	32	25	25	32	33	33	27	16	15	13	15	13	12	23	21	23	23	16	16	0	0	0	-	-	-	-	-	-	-	-	11	0	0	0
Contributions from non-controlling interests
58	51	31	25	10	9	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Distributions to non-controlling interests
-48	-41	-22	-2	-4	-5	0	0	0	-	-	-	-	-21	-20	-7	-43	-37	-37	-49	-14	-13	-67	-56	-71	-72	-18	-17	-1	-0	0	0	0	-	-	-	-
Net proceeds from issuance of convertible notes
-	-	-	-	-	214	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net proceeds from issuance of class A common stock
306	372	0	0	0	-	-	-	-	391	0	0	0	0	0	-0	1,029	1,029	1,032	1,284	510	766	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Dividends paid on class A common stock
328	320	311	297	286	277	261	251	243	234	234	233	233	232	232	222	194	166	138	112	101	84	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Vesting of restricted class A common stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	0	0	0	0	0	0
Redemption of noncontrolling interests
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-
Borrowings under revolving repurchase facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	580	216	0	123	0	0	0	-	-	-	-
Borrowings under repurchase obligations
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0
Repayments under revolving repurchase facilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	0
Repayments under asset-specific repurchase agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Repayment of other liabilities
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	20	54	55	97	98	170	191	137	241	277	445	1,716	1,821	0	0	0
Net cash provided by financing activities
1,771	1,612	2,412	1,849	3,329	3,957	2,382	2,367	1,377	574	447	-483	-736	-699	-1,469	-1,066	4,287	4,694	5,685	6,619	2,172	2,333	2,436	2,570	2,454	1,790	1,093	599	-115	-215	-283	-503	-1,980	-2,111	0	0	0
Net decrease in cash, cash equivalents, and restricted cash
280	45	-0	-26	7	-3	-16	29	-3	21	-2	-114	-52	-28	-54	66	87	42	73	-15	-49	1	54	60	55	36	-28	25	-21	-19	10	6	9	10	0	0	0
Effects of currency translation on cash and cash equivalents
-4	-1	-2	-0	-2	7	9	9	14	5	1	0	-3	-1	-0	0	3	0	0	0	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of cash flows information
Payments of interest
409	425	418	400	371	318	290	256	223	206	182	169	166	164	165	168	146	127	104	77	66	55	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Payments of income taxes
-0	-0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosure of non-cash investing and financing activities
Dividends declared, not paid
89	83	85	90	87	76	82	77	75	66	59	59	59	58	58	67	85	58	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Participations sold, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Loan principal payments held by servicer, net
12	49	58	36	37	4	18	12	-22	15	-8	-30	-31	0	-105	58	193	118	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-