Sterling Infrastructure Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	309.73	270.92	142.85	108.2	65.12
Depreciation & Amortization	77.11	68.41	57.4	52.07	34.2
Stock-Based Compensation	24.18	19	14.62	12.73	11.77
Other Adjustments	19.61	-61.04	11.19	16.67	20.21
Changes in Other Operating Activities	9.36	199.82	252.53	29.45	27.63
Operating Cash Flow	439.99	497.1	478.58	219.12	158.93
Operating Cash Flow Growth	-11.49%	3.87%	118.42%	37.87%	29.32%
Capital Expenditures	-77.31	-80.95	-64.38	-60.91	-46.65
Sale of Property, Plant & Equipment	5.72	10.16	13.8	4.95	4.11
Payments for Business Acquisitions	-482.33	-11.22	-51.18	-18	-180.91
Proceeds from Business Divestments	2	-	14	-15.79	-
Other Investing Activities	-	-103.83	-	-	-
Investing Cash Flow	-551.92	-185.85	-87.75	-89.76	-223.45
Short-Term Debt Issued	-	-	2.56	-	140
Net Short-Term Debt Issued (Repaid)	-	-	2.56	-	140
Long-Term Debt Repaid	-24.86	-26.54	-93.49	-23.37	-48.27
Net Long-Term Debt Issued (Repaid)	-24.86	-26.54	-93.49	-23.37	-48.27
Repurchase of Common Stock	-74.2	-70.6	-	-	-
Net Common Stock Issued (Repurchased)	-74.2	-70.6	-	-	-
Other Financing Activities	-62.48	-21.49	-13.61	-9.42	-11.16
Financing Cash Flow	-161.54	-118.62	-104.53	-32.79	80.57
Net Cash Flow	-273.47	192.63	286.3	96.57	16.05
Free Cash Flow	362.68	416.15	414.21	158.21	112.28
Free Cash Flow Growth	-12.85%	0.47%	161.81%	40.90%	24.71%
FCF Margin	14.57%	19.67%	21.00%	8.94%	7.94%
Free Cash Flow Per Share	11.72	13.36	13.27	5.18	3.86
Levered Free Cash Flow	274.46	418.19	293.28	103.7	169.55
Unlevered Free Cash Flow	280.07	430.43	435.26	132.91	92.22

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.