Boyd Group Services Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	16.07	24.54	86.66	40.96	23.54	44.11
Depreciation & Amortization	237.74	223.18	190.23	172.94	152.56	130.93
Other Amortization	2.14	2.14	2.63	2.68	1.14	0.86
Stock-Based Compensation	2.12	-	-	-	-	-
Other Operating Activities	72.17	69.37	58.97	49.19	33.56	41.54
Change in Accounts Receivable	5.63	23.44	-5.96	-37.64	-10.4	-0.06
Change in Inventory	3.13	5.65	2.29	-11.65	-30.82	5.57
Change in Accounts Payable	16.62	-27.2	29.95	52.96	37.41	10.11
Change in Income Taxes	3.23	-4.62	-2.05	1.87	-1.5	-5.1
Change in Other Net Operating Assets	-4.68	-3.17	-5.15	-7.06	-8.76	2.95
Operating Cash Flow	354.16	313.33	357.55	264.25	196.71	230.91
Operating Cash Flow Growth	7.51%	-12.37%	35.31%	34.33%	-14.81%	1.22%
Capital Expenditures	-58.24	-77.33	-57.48	-33.37	-31.48	-24.08
Sale of Property, Plant & Equipment	1.07	0.72	0.56	2.75	1.15	11.1
Cash Acquisitions	-177.72	-192.49	-180.29	-71.71	-317.49	-58.14
Sale (Purchase) of Intangibles	-7.31	-3.12	-1.68	-0.26	-4.92	-2.04
Other Investing Activities	58.78	64.49	-5.5	54.67	-1.36	-1.84
Investing Cash Flow	-183.41	-207.74	-244.4	-47.93	-354.1	-75.01
Long-Term Debt Issued	-	365.99	260.47	126.09	330.5	495.5
Long-Term Debt Repaid	-	-392.96	-305.15	-307.11	-168.4	-744.19
Net Debt Issued (Repaid)	-62.51	-26.97	-44.68	-181.02	162.1	-248.68
Issuance of Common Stock	-	-	-	-	-	164.3
Common Dividends Paid	-9.36	-9.45	-9.38	-9.55	-9.65	-7.13
Other Financing Activities	-77.87	-70.46	-51.87	-37.8	-28.08	-42.97
Financing Cash Flow	-149.74	-106.88	-105.93	-228.37	124.37	-134.49
Foreign Exchange Rate Adjustments	-0.54	-1.23	0.23	-0.6	-0.31	12.32
Net Cash Flow	20.47	-2.51	7.44	-12.65	-33.33	33.73
Free Cash Flow	295.92	235.99	300.06	230.88	165.24	206.82
Free Cash Flow Growth	15.18%	-21.35%	29.97%	39.73%	-20.11%	2.40%
Free Cash Flow Margin	9.54%	7.69%	10.18%	9.49%	8.82%	13.25%
Free Cash Flow Per Share	13.77	10.99	13.97	10.75	7.70	9.84
Cash Interest Paid	72.7	68.4	51.51	36.91	27.55	31.84
Cash Income Tax Paid	4.63	12.3	27.91	3.86	4.01	7.03
Levered Free Cash Flow	228.88	161.17	236.01	178.75	124.88	141.17
Unlevered Free Cash Flow	274.32	204.69	268.43	202.06	142.16	160.96
Change in Working Capital	23.93	-5.91	19.07	-1.52	-14.08	13.47

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