Workiva 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	-26.17	-55.04	-127.53	-90.95	-37.73
Depreciation & Amortization	10.99	11	11.14	10.21	5.24
Other Amortization	2.44	2.44	1.73	1.3	9.17
Loss (Gain) From Sale of Investments	-5.14	-11.83	-7.01	1.08	-0.67
Stock-Based Compensation	122.95	102.15	98.77	70.66	48.63
Provision & Write-off of Bad Debts	-0.21	0.04	0.41	0.16	-0.13
Other Operating Activities	-0.4	-0.63	45.13	0.54	-1.97
Change in Accounts Receivable	-17.48	-24.35	-18.32	-28.89	-7.68
Change in Accounts Payable	0.65	2.4	-1	2.44	0.97
Change in Unearned Revenue	88.7	73.84	60.11	61.66	47.42
Change in Other Net Operating Assets	-36.27	-12.31	7.44	-16.86	-13.41
Operating Cash Flow	140.07	87.71	70.88	11.33	49.84
Operating Cash Flow Growth	59.70%	23.75%	525.33%	-77.26%	49.94%
Capital Expenditures	-2.08	-1.36	-2.12	-3.46	-3.53
Cash Acquisitions	-	-98.09	-	-99.19	-37.47
Sale (Purchase) of Intangibles	-0.39	-0.19	-0.24	-0.16	-0.22
Investment in Securities	-32.49	54.4	-354.89	34.79	-27.41
Investing Cash Flow	-34.95	-45.25	-357.25	-68.01	-68.63
Long-Term Debt Issued	-	-	691.11	-	-
Long-Term Debt Repaid	-0.56	-0.53	-397.37	-1.58	-1.71
Net Debt Issued (Repaid)	-0.56	-0.53	293.74	-1.58	-1.71
Issuance of Common Stock	19.92	18.73	16.99	12.53	25.46
Repurchase of Common Stock	-94.3	-11.46	-9.46	-12.54	-27.14
Financing Cash Flow	-74.94	6.74	301.27	-1.59	-3.39
Foreign Exchange Rate Adjustments	6.96	-3.57	1.64	-1.92	-0.27
Net Cash Flow	37.13	45.63	16.52	-60.19	-22.45
Free Cash Flow	138	86.34	68.75	7.88	46.31
Free Cash Flow Growth	59.82%	25.59%	772.92%	-82.99%	47.63%
Free Cash Flow Margin	15.60%	11.69%	10.91%	1.46%	10.45%
Free Cash Flow Per Share	2.45	1.56	1.27	0.15	0.91
Cash Interest Paid	10.33	10.28	4.71	4.74	4.84
Cash Income Tax Paid	5.49	6.2	2.66	1.43	-0.04
Levered Free Cash Flow	137.75	130.5	68.75	37.48	73.55
Unlevered Free Cash Flow	143.3	136.1	100.55	39.96	73.14
Change in Working Capital	35.61	39.58	48.23	18.34	27.3

Source: S&P Global Market Intelligence. Standard template. Financial Sources.