Sterling Infrastructure 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	315.77	257.46	138.66	106.46	62.65	42.31
Depreciation & Amortization	72.39	68.41	57.4	52.07	34.2	32.79
Other Amortization	0.9	1.15	1.73	2.14	2.24	3.19
Loss (Gain) From Sale of Assets	-93.98	-94.76	-5.29	-2.64	-1.4	-1.5
Loss (Gain) From Sale of Investments	-	-	-	-0.2	-0.03	0.27
Stock-Based Compensation	23.49	19	14.62	12.73	11.77	11.64
Other Operating Activities	55.17	46.03	18.94	35.8	21.87	20.34
Change in Accounts Receivable	14.36	187.42	238.87	14.41	4.61	57.41
Change in Accounts Payable	-17.07	-9.34	10.31	11.89	26.61	-42.39
Change in Other Net Operating Assets	52.01	21.73	3.35	3.16	-3.58	-1.16
Operating Cash Flow	428.21	497.1	478.58	219.12	158.93	122.9
Operating Cash Flow Growth	-8.93%	3.87%	118.42%	37.87%	29.32%	192.14%
Capital Expenditures	-66.57	-80.95	-64.38	-60.91	-46.65	-32.86
Sale of Property, Plant & Equipment	6.34	10.16	13.8	4.95	4.11	2.37
Cash Acquisitions	-490.55	-11.22	-51.18	-18	-180.91	-
Divestitures	-103.83	-103.83	14	-15.79	-	-
Investing Cash Flow	-654.61	-185.85	-87.75	-89.76	-223.45	-30.49
Long-Term Debt Issued	-	-	2.56	-	140	-
Total Debt Issued	-	-	2.56	-	140	-
Long-Term Debt Repaid	-	-26.54	-93.49	-23.37	-48.27	-77.75
Total Debt Repaid	-27.68	-26.54	-93.49	-23.37	-48.27	-77.75
Net Debt Issued (Repaid)	-27.68	-26.54	-90.93	-23.37	91.73	-77.75
Repurchase of Common Stock	-86.24	-92.05	-9.57	-9.42	-7.34	-1.99
Other Financing Activities	-1.41	-0.04	-4.04	-	-3.82	9.41
Financing Cash Flow	-115.33	-118.62	-104.53	-32.79	80.57	-70.33
Net Cash Flow	-341.73	192.63	286.3	96.57	16.05	22.08
Free Cash Flow	361.64	416.15	414.21	158.21	112.28	90.03
Free Cash Flow Growth	-7.22%	0.47%	161.81%	40.90%	24.71%	237.58%
Free Cash Flow Margin	16.19%	19.67%	21.00%	8.94%	7.94%	7.34%
Free Cash Flow Per Share	11.70	13.36	13.27	5.18	3.86	3.19
Cash Interest Paid	23.38	23.38	27.01	19.32	17.24	26.94
Cash Income Tax Paid	75.99	53.07	36.91	5.6	3.06	4.75
Levered Free Cash Flow	157.39	239.23	397.23	126.52	67.37	59.94
Unlevered Free Cash Flow	169.08	253.87	413.83	137.25	77.2	75.08
Change in Working Capital	49.29	199.82	252.53	29.45	27.63	13.86

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