TPG Inc. 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	184.59	23.48	92.13	112.33	2,181
Depreciation & Amortization	144.54	135.39	47.67	32.99	21.22
Loss (Gain) From Sale of Investments	2.85	29.33	-6.56	97.75	-588.43
Stock-Based Compensation	2,241	1,936	1,247	1,044	-
Other Operating Activities	-1,773	-1,470	-212.79	-927.87	-1,499
Change in Accounts Payable	-4.91	52.61	-231.54	-14.24	51.15
Change in Other Net Operating Assets	237.38	-175.48	-214.99	1,031	1,309
Operating Cash Flow	1,032	532.15	720.52	1,376	1,475
Operating Cash Flow Growth	94.01%	-26.14%	-47.63%	-6.71%	1446.05%
Capital Expenditures	-28.8	-28.13	-16.73	-2.45	-1.79
Cash Acquisitions	-235.15	-16.33	-356.84	-	24.82
Other Investing Activities	-	-	-	-0.56	-60.77
Investing Cash Flow	-263.96	-44.47	-373.56	-3.01	-37.75
Long-Term Debt Issued	1,339	1,389	651	30	200
Total Debt Issued	1,339	1,389	651	30	200
Long-Term Debt Repaid	-891	-1,038	-150	-30	-50
Total Debt Repaid	-891	-1,038	-150	-30	-50
Net Debt Issued (Repaid)	448	351	501	-	150
Issuance of Common Stock	-	-	-	820.62	935
Repurchase of Common Stock	-190.56	-67.67	-667.88	-352.01	-304.76
Common Dividends Paid	-1,229	-832.49	-643.22	-1,018	-1,067
Other Financing Activities	221.25	204.3	20.87	-688.59	-1,036
Financing Cash Flow	-750.36	-344.86	-789.23	-1,238	-1,323
Net Cash Flow	18.08	142.82	-442.28	134.79	114.51
Free Cash Flow	1,004	504.01	703.79	1,373	1,473
Free Cash Flow Growth	99.12%	-28.39%	-48.76%	-6.76%	1591.85%
Free Cash Flow Margin	21.49%	14.40%	29.45%	68.57%	29.60%
Free Cash Flow Per Share	2.68	1.38	2.21	4.45	18.63
Cash Interest Paid	92.12	65.37	33.55	18.35	15.73
Cash Income Tax Paid	30.29	42.29	51.13	48.33	8.55
Levered Free Cash Flow	1,231	965.39	1,184	118.64	3,001
Unlevered Free Cash Flow	1,301	1,020	1,208	132.15	3,011
Change in Working Capital	232.47	-122.87	-446.53	1,016	1,360

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