ModivCare Inc. (MODVQ)

ModivCare Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	-450.69	-201.28	-204.46	-31.81	-6.59	88.84
Depreciation & Amortization	103.24	115.81	113.72	110.36	68.33	35.42
Other Amortization	21	11.77	8.15	6.83	2.73	0.92
Asset Writedown & Restructuring Costs	305.82	105.3	183.1	-	-	-
Loss (Gain) on Equity Investments	6.5	9.65	-0.4	40.92	53.09	-8.86
Stock-Based Compensation	3.36	6.68	6.46	6.87	5.9	3.93
Other Operating Activities	-3.84	-14.23	-17.65	-36.66	-19.82	11.92
Change in Accounts Receivable	-37.81	18.73	-78.1	-55.78	-13.75	52.36
Change in Accounts Payable	38.75	39.1	-7.68	57.25	-16.8	35.21
Change in Income Taxes	-	-	-	-	-	-10.27
Change in Other Net Operating Assets	-111.08	-97.94	-86.11	-108.41	113.73	138.98
Operating Cash Flow	-124.75	-6.41	-82.97	-10.44	186.84	348.44
Operating Cash Flow Growth	-	-	-	-	-46.38%	471.77%

Investing Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Capital Expenditures	-22.24	-27.63	-42.29	-33	-21.32	-12.15
Cash Acquisitions	-	-	-	-78.81	-664.31	-622.86
Investing Cash Flow	-22.24	-27.63	-42.29	-111.81	-685.63	-635.01

Financing Activities

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Short-Term Debt Issued	-	155.2	113.8	-	-	-
Long-Term Debt Issued	-	525	-	-	500	737
Total Debt Issued	208.5	680.2	113.8	-	500	737
Long-Term Debt Repaid	-	-509.97	-	-	-	-237
Net Debt Issued (Repaid)	204.56	170.23	113.8	-	500	500
Issuance of Common Stock	-	-	0.03	6.79	3.23	25.41
Repurchase of Common Stock	-0.62	-0.62	-0.9	-0.79	-40.89	-10.45
Preferred Dividends Paid	-	-	-	-	-	-1.99
Dividends Paid	-	-	-	-	-	-1.99
Other Financing Activities	-14.13	-25.24	0.13	-2.19	-13.49	-15.94
Financing Cash Flow	189.82	144.37	113.07	3.81	448.85	408.26

Net Cash Flow

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Cash Flow	42.83	110.33	-12.19	-118.45	-49.93	121.68

Free Cash Flow

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Free Cash Flow	-146.99	-34.04	-125.26	-43.45	165.52	336.29
Free Cash Flow Growth	-	-	-	-	-50.78%	571.47%
Free Cash Flow Margin	-5.46%	-1.22%	-4.55%	-1.74%	8.29%	24.57%
Free Cash Flow Per Share	-10.25	-2.39	-8.84	-3.09	11.78	24.58
Levered Free Cash Flow	-61.68	19.33	-88.43	-7.01	253.79	234.21
Unlevered Free Cash Flow	-4.25	71.44	-50.48	26.59	281.74	244.28

Additional Metrics

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Cash Interest Paid	96.49	76.77	64.2	59.39	32.18	2.19
Cash Income Tax Paid	20.37	9.11	9.08	15.66	13.02	21.77
Change in Working Capital	-110.14	-40.11	-171.88	-106.94	83.19	216.27

Data Source: S&P Global Market Intelligence Last updated: Sep 30, 2025

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Sep 4, 2026

Data Sources Report a data error