Piper Sandler Companies Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	181.11	85.49	110.67	278.51
Depreciation & Amortization, Total	27.07	37.37	31.01	42.71
Stock-Based Compensation	103.36	93.77	131.2	171.45
Change in Accounts Receivable	37.51	88.46	-43.39	-32.64
Change in Accounts Payable	4.88	-3.64	-8.63	-5.34
Change in Other Net Operating Assets	-51.27	-61.54	-412.81	245.02
Other Operating Activities	-6.05	24.91	-42.3	-2.13
Operating Cash Flow	313.26	275.63	-224.91	707.09
Capital Expenditures	-15.5	-10.05	-30.6	-20.58
Cash Acquisitions	-16.27	-	-96.5	-
Investing Cash Flow	-31.77	-10.05	-127.1	-20.58
Short-Term Debt Issued	-	30	-	-
Total Debt Issued	-	30	-	-
Short-Term Debt Repaid	-37.34	-	-	-
Long-Term Debt Repaid	-	-125	-	-70
Total Debt Repaid	-37.34	-125	-	-70
Net Debt Issued (Repaid)	-37.34	-95	-	-70
Issuance of Common Stock	0.79	-	-	-
Repurchase of Common Stock	-66.43	-70.68	-187.33	-69.9
Common Dividends Paid	-52.66	-55.52	-37.4	-72.32
Other Financing Activities	-3.91	0.54	44.8	16.13
Financing Cash Flow	-180.61	-249.59	-250.06	-223.12
Foreign Exchange Rate Adjustments	-1.14	1.48	-3.27	-0.36
Net Cash Flow	99.74	17.47	-605.34	463.03
Free Cash Flow	297.76	265.58	-255.51	686.51
Free Cash Flow Growth	12.12%	-	-	-9.93%
Free Cash Flow Margin	19.51%	19.70%	-17.92%	33.80%
Free Cash Flow Per Share	16.83	15.42	-15.06	40.49
Cash Interest Paid	5.69	10.16	9.48	10.78
Cash Income Tax Paid	10.91	19.45	85.43	165.91

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