Creative Media & Community Trust Corporation (CMCT) Cash Flow Statement
Where CMCT’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $5.8M −66.0% vs 2024
- Capital expenditures
- $20.8M 17.8% of revenue
- Free cash flow
- −$15.0M −12.9% margin
- Returned to shareholders
- $22.1M
- Change in cash
- −$15.2M cash at year-end $37.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CMCT operating cash flow, capex and free cash flow
CMCT cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $51.9M2016 | $5.8M2025 | −21.6%/yr | |
| Capital expenditures | $35.4M2016 | $20.8M2025 | −5.7%/yr | |
| Free cash flow | $16.5M2016 | −$15.0M2025 | — | |
| Free cash flow margin | 6.2%2016 | −12.9%2025 | −19.0 pts | |
| Operating cash flow / net income | 1.502016 | 5.452022 | +3.95 | |
| Stock-based compensation | $164,0002016 | $220,0002025 | +3.3%/yr | |
| Dividends paid | $77.3M2016 | $22.0M2025 | −13.1%/yr | |
| Share buybacks (net) | $290.1M2016 | $165,0002025 | −56.4%/yr | |
| Capex / revenue | 13.3%2016 | 17.8%2025 | +4.5 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CMCT cash flow by activity
CMCT net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CMCT cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$39.6M | −$25.8M | −$51.5M | $5.9M | −$851,000 | −$15.0M | $345.5M | $1.1M | $379.8M | $34.6M |
| Depreciation & amortization | $27.2M | $27.7M | $52.7M | $20.5M | $20.2M | $21.1M | $27.4M | $52.2M | $58.4M | $72.0M |
| Stock-based compensation | $220,000 | $220,000 | $183,000 | $202,000 | $220,000 | $222,000 | $194,000 | $162,000 | $154,000 | $164,000 |
| Change in working capital | $9.0M | $9.0M | $4.9M | $2.8M | $12.2M | $2.3M | −$10.3M | $2.3M | −$49.0M | −$17.5M |
| Other non-cash items | $8.9M | $5.8M | $5.7M | $2.9M | $14.5M | $4.2M | −$321.8M | $4.3M | −$390.4M | −$37.4M |
| Cash from operating activities | $5.8M | $17.0M | $12.0M | $32.4M | $46.3M | $12.8M | $41.0M | $60.1M | −$1.1M | $51.9M |
| Investing activities | ||||||||||
| Capital expenditures | −$20.8M | −$23.3M | −$13.3M | −$8.8M | −$4.0M | −$14.7M | −$24.6M | −$12.1M | −$21.1M | −$35.4M |
| Investments (net) | — | −$22.3M | −$81.5M | −$22.3M | −$5.7M | −$38.3M | $375,000 | −$7.8M | −$8.2M | −$32.5M |
| Acquisitions & other investing | $4.4M | $23.3M | $6.1M | $8.8M | −$2.9M | $14.7M | $941.4M | −$111.9M | $998.0M | $97.5M |
| Cash from investing activities | −$16.4M | −$22.3M | −$88.7M | −$22.3M | −$12.7M | −$38.3M | $917.2M | −$131.7M | $968.7M | $29.5M |
| Financing activities | ||||||||||
| Dividends paid | −$22.0M | −$31.4M | −$37.2M | −$32.0M | −$22.0M | −$21.0M | −$648.6M | −$25.6M | −$43.4M | −$77.3M |
| Share repurchases & issuance (net) | −$165,000 | −$25.4M | −$106.1M | −$80.7M | −$2.8M | −$2.1M | −$75.4M | −$113,000 | −$886.0M | −$290.1M |
| Net borrowing (repayment) | $20.5M | $36.3M | $107.7M | −$17.2M | −$124.3M | $16.2M | −$43.8M | −$15.4M | −$287.9M | $290.5M |
| Shares issued | $0 | $40.4M | $146.5M | $148.0M | $108.7M | $42.0M | $37.2M | $36.0M | $0 | $0 |
| Other financing | −$2.9M | −$6.1M | −$47.3M | −$4.5M | −$3.2M | −$1.9M | −$269.6M | −$1.4M | $234.7M | −$569,000 |
| Cash from financing activities | −$4.6M | $13.9M | $63.4M | $13.7M | −$43.6M | $33.2M | −$1.00B | −$6.5M | −$982.6M | −$77.5M |
| Summary | ||||||||||
| Net change in cash | −$15.2M | $8.6M | −$13.3M | $23.8M | −$10.0M | $7.7M | −$41.2M | −$78.9M | −$15.1M | $5.3M |
| Cash at end of period | $37.7M | $52.9M | $44.2M | $57.5M | $33.7M | $43.6M | $35.9M | $77.4M | $129.3M | $144.4M |
| Free cash flow | −$15.0M | −$6.2M | −$1.3M | $23.6M | $42.2M | −$1.9M | $16.4M | $48.1M | −$22.2M | $16.5M |
| Free cash flow margin | −12.9% | −5.0% | −1.1% | 23.2% | 46.4% | −2.5% | 11.7% | 24.3% | −9.4% | 6.2% |
| Capex / revenue | 17.8% | 18.7% | 11.2% | 8.7% | 4.5% | 19.1% | 17.6% | 6.1% | 8.9% | 13.3% |
| Operating cash flow / net income | — | — | — | 5.45 | — | — | 0.12 | 52.67 | −0.00 | 1.50 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$10.0M | −$8.4M | −$11.6M | −$12.6M | −$9.2M | −$6.3M | −$10.4M | −$10.6M | −$852,000 | −$3.9M | −$8.4M | −$16.6M |
| Depreciation & amortization | $7.1M | $7.7M | $6.9M | $7.4M | $6.3M | $6.6M | $8.1M | $6.5M | $6.5M | $6.6M | $6.4M | $16.1M |
| Stock-based compensation | $73,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $55,000 | $36,000 |
| Change in working capital | $1.9M | −$26.8M | $4.7M | $8.6M | −$1.6M | −$2.7M | $4.8M | $6.1M | $787,000 | −$2.7M | −$6.7M | $6.2M |
| Other non-cash items | $4.4M | $1.4M | $3.2M | $314,000 | $1.9M | $3.5M | −$1.4M | $8.2M | −$2.6M | $1.6M | $3.8M | $1.7M |
| Cash from operating activities | $3.4M | −$26.0M | $3.3M | $3.7M | −$2.5M | $1.2M | $1.1M | $10.3M | $3.9M | $1.6M | −$4.8M | $7.3M |
| Investing activities | ||||||||||||
| Capital expenditures | −$2.3M | −$4.0M | −$5.1M | −$2.9M | −$6.4M | −$6.3M | −$10.5M | −$9.0M | −$2.1M | −$1.7M | −$2.4M | −$4.4M |
| Investments (net) | — | — | — | $929,000 | −$5.1M | −$5.2M | −$7.6M | −$13.3M | −$995,000 | −$393,000 | −$5.8M | −$5.2M |
| Acquisitions & other investing | $1.0M | $45.4M | −$2.0M | $2.9M | $6.4M | $6.3M | $10.5M | $9.0M | $2.1M | $1.7M | $2.4M | $4.4M |
| Cash from investing activities | −$1.3M | $41.4M | −$7.1M | $929,000 | −$5.1M | −$5.2M | −$7.6M | −$13.3M | −$995,000 | −$393,000 | −$5.8M | −$5.2M |
| Financing activities | ||||||||||||
| Dividends paid | −$1.0M | −$5.0M | −$5.3M | −$5.3M | −$5.4M | −$6.0M | −$2.0M | −$10.0M | −$9.8M | −$9.6M | −$9.1M | −$8.5M |
| Share repurchases & issuance (net) | −$239,000 | −$14,000 | −$157,000 | $0 | $0 | −$8,000 | −$430,000 | −$6.9M | −$7.8M | −$10.2M | −$7.1M | −$5.7M |
| Net borrowing (repayment) | −$1.9M | −$10.3M | −$1.7M | −$8.1M | $23.8M | $6.4M | $30.2M | −$6.9M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $12.6M | $8.3M | $19.5M | $27.1M | $25.1M |
| Other financing | −$14,000 | −$66,000 | $350,000 | −$905,000 | −$2.1M | −$228,000 | −$4.4M | −$750,000 | $11.6M | $453,000 | $713,000 | −$18.1M |
| Cash from financing activities | −$3.2M | −$15.4M | −$6.8M | −$14.3M | $16.3M | $206,000 | $23.3M | −$11.9M | $2.3M | $191,000 | $11.6M | −$7.3M |
| Summary | ||||||||||||
| Net change in cash | −$1.1M | $91,000 | −$10.5M | −$9.6M | $8.7M | −$3.7M | $16.9M | −$14.9M | $5.2M | $1.4M | $1.0M | −$5.1M |
| Cash at end of period | $36.7M | $37.8M | $37.7M | $48.2M | $57.9M | $49.1M | $52.9M | $36.0M | $50.8M | $45.6M | $44.2M | $43.2M |
| Free cash flow | $1.1M | −$30.0M | −$1.8M | $826,000 | −$8.9M | −$5.1M | −$9.3M | $1.3M | $1.8M | −$74,000 | −$7.2M | $2.9M |
| Free cash flow margin | 3.7% | −101.9% | −6.3% | 3.1% | −30.0% | −15.8% | −34.0% | 4.7% | 5.3% | −0.2% | −21.5% | 10.3% |
| Capex / revenue | 7.9% | 13.6% | 18.0% | 11.1% | 21.7% | 19.6% | 38.2% | 31.4% | 6.1% | 5.0% | 7.3% | 15.8% |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
CMCT cash generation
In fiscal 2025 (ended December 31, 2025), Creative Media & Community generated $5.8 million of cash from operations (down 66.0%) and spent $20.8 million on capital expenditures, leaving free cash flow of -$15.0 million, −12.9% of revenue. It returned $22.1 million to shareholders through dividends ($22.0 million) and net share buybacks ($0.2 million). Cash and equivalents fell by $15.2 million over the year.
Related: CMCT income statement, CMCT balance sheet. See the CMCT stock overview for the latest quote and news.
CMCT cash flow FAQ
What is Creative Media & Community's free cash flow?
Creative Media & Community's free cash flow was -$15.0 million in fiscal 2025: $5.8 million of operating cash flow minus $20.8 million of capital expenditures It was -$6.2 million a year earlier..
How much cash does Creative Media & Community generate from operations?
Creative Media & Community generated $5.8 million of cash from operating activities in fiscal 2025.
How much does Creative Media & Community spend on capital expenditures?
Creative Media & Community spent $20.8 million on capital expenditures in fiscal 2025, 17.8% of revenue, compared with $23.3 million the year before.
How much stock does Creative Media & Community buy back?
Creative Media & Community spent $0.2 million on net share repurchases in fiscal 2025.
How much does Creative Media & Community pay in dividends?
Creative Media & Community paid $22.0 million in dividends in fiscal 2025.