SLG (SLG) financial statements
SLG reported revenue of $1.0B in fiscal 2025, up 19.8% a year over 9 years.
Net income was -$97M and the operating margin 65.0%, against -58.9% in 2016.
The diluted share count fell 33% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from SLG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $197M | $173M | $114M | $1.2B | $1.1B | $861M | $919M | $914M | $886M | $1.0B |
| Selling, general and admin | $100M | $100M | $93M | $101M | $92M | $95M | $94M | $111M | $85M | $89M |
| Operating income | -$116M | -$120M | -$116M | $1.0B | $870M | $694M | $606M | $599M | $731M | $652M |
| Interest expense | $321M | $257M | $209M | $247M | $186M | $145M | $166M | $229M | $196M | $216M |
| Pre-tax income | -$5M | $165M | — | — | — | — | — | — | — | — |
| Income tax | $3M | $4M | $3M | $2M | $1M | $3M | $3M | $9M | $700,000 | — |
| Net income | $250M | $101M | $247M | $270M | $371M | $450M | -$78M | -$565M | $22M | -$97M |
| EPS (diluted) | $2.34 | $0.87 | $2.75 | $3.28 | $5.01 | $6.50 | -$1.49 | -$9.12 | $0.08 | -$1.61 |
| Diluted shares | 105M | 103M | 89M | 82M | 75M | 71M | 68M | 68M | 66M | 70M |
| Operating margin | -58.9% | -69.6% | -101.9% | 81.1% | 82.6% | 80.6% | 65.9% | 65.5% | 82.4% | 65.0% |
| Net margin | 126.9% | 58.6% | 217.7% | 21.8% | 35.2% | 52.2% | -8.5% | -61.8% | 2.5% | -9.7% |
Balance sheet
Fiscal years, from SLG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $279M | $128M | $129M | $166M | $266M | $251M | $203M | $222M | $184M | $156M |
| Total assets | $15.9B | $14.0B | $12.8B | $12.8B | $11.7B | $11.1B | $12.4B | $9.5B | $10.5B | $11.1B |
| Total liabilities | $7.3B | $6.6B | $6.1B | $6.6B | $6.2B | $5.7B | $7.3B | $5.3B | $5.9B | $6.7B |
| Shareholders' equity | $7.3B | $6.2B | $5.9B | $5.4B | $4.9B | $4.8B | $4.6B | $3.8B | $4.0B | $3.7B |
| Net debt | -$279M | -$128M | -$129M | -$166M | -$266M | -$251M | -$203M | -$222M | -$184M | -$156M |
Cash flow
Fiscal years, from SLG's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $644M | $543M | $442M | $376M | $554M | $256M | $276M | $230M | $130M | $83M |
| Capital spending | $412M | $336M | $254M | $253M | — | — | — | — | — | — |
| Free cash flow | $232M | $207M | $187M | $123M | — | — | — | — | — | — |
| Dividends paid | $314M | $334M | $313M | $306M | $294M | $271M | $262M | $231M | $219M | $243M |
| Share buybacks (net) | $0 | -$806M | -$980M | -$384M | -$528M | -$341M | -$151M | $0 | $0 | — |
| Free cash flow margin | 117.9% | 119.7% | 164.7% | 10.0% | — | — | — | — | — | — |
| Dividends per share | $2.99 | $3.23 | $3.52 | $3.74 | $3.92 | $3.83 | $3.86 | $3.40 | $3.33 | $3.44 |
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What was SLG's revenue in 2025?
$1.0B in fiscal 2025, from its 10-K filing.
From SLG's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.