Steel Partners Holdings L.P. (SPLP)

Steel Partners Holdings 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	251.66	261.56	150.83	205.97	131.41	72.68
Depreciation & Amortization	60.36	59.31	56.57	53.76	60.52	65.33
Loss (Gain) From Sale of Assets	-	-	-0.06	-86.62	-14.74	-
Asset Writedown & Restructuring Costs	0.34	0.67	0.87	3.16	-	1.71
Loss (Gain) From Sale of Investments	-37.39	2.98	-7.07	-34.79	24.04	-25.64
Loss (Gain) on Equity Investments	5.61	5.62	8.88	-4.61	-15.66	3.79
Stock-Based Compensation	1.97	2.23	1.62	1.28	1.46	0.89
Provision & Write-off of Bad Debts	6.93	7.74	51.82	23.18	-	-
Other Operating Activities	39.3	-60.43	2.74	49.71	78.81	33.39
Change in Accounts Receivable	3.87	-11.95	4.8	-0.71	-33.16	8.73
Change in Inventory	5.94	6.12	19.25	-41.09	-48.34	12.22
Change in Accounts Payable	11.47	-44.43	4.91	35.01	8.51	-16.01
Change in Other Net Operating Assets	-204.73	133.87	-273.93	-414.47	-115.34	132.21
Operating Cash Flow	145.32	363.28	21.22	-210.23	77.77	324.09
Operating Cash Flow Growth	-61.53%	1611.82%	-	-	-76.00%	194.03%

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	-33.59	-64.96	-51.45	-47.54	-52.33	-23.23
Sale of Property, Plant & Equipment	1.94	2.09	1.85	1.24	6.98	3
Cash Acquisitions	-	-	65.9	-47.28	-	-3.5
Divestitures	-	-	-	142.43	16	-
Investment in Securities	164.77	141.67	50.21	-134.92	-13.49	29.53
Other Investing Activities	-0.29	-0.31	-0.14	-0.45	-	-
Investing Cash Flow	-30.83	111.16	-142.2	-176.56	1,517	-1,899

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
Long-Term Debt Issued	-	-	11.12	-	119.7	2,090
Long-Term Debt Repaid	-	-83.53	-26.55	-381.82	-1,936	-55.1
Net Debt Issued (Repaid)	-66.73	-83.53	-15.44	-381.82	-1,817	2,035
Repurchase of Common Stock	-6.95	-110.49	-20.65	-46.37	-45.04	-20.46
Preferred Dividends Paid	-8.39	-9.52	-9.63	-9.63	-9.63	-
Dividends Paid	-8.39	-9.52	-9.63	-9.63	-9.63	-
Other Financing Activities	95.39	-440.83	510.28	734.99	466.52	-400.53
Financing Cash Flow	-42.15	-646.31	464.56	297.17	-1,405	1,574

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
Foreign Exchange Rate Adjustments	0	-1.62	-0.1	-1.3	-0.66	-1.34
Net Cash Flow	72.34	-173.49	343.48	-90.92	189.58	-2.16

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	111.73	298.32	-30.23	-257.77	25.45	300.86
Free Cash Flow Growth	-63.63%	-	-	-	-91.54%	327.31%
Free Cash Flow Margin	5.34%	14.71%	-1.59%	-15.20%	1.67%	22.96%
Free Cash Flow Per Share	4.96	12.40	-1.19	-9.59	0.88	5.85
Levered Free Cash Flow	-57.34	-99.21	26.51	426.61	36.72	13.66
Unlevered Free Cash Flow	-50.4	-94.2	38.01	439.52	50.62	32.11

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	87.19	120.58	87.62	29.07	28.29	34.03
Cash Income Tax Paid	34.26	49.54	33.3	28.63	13.18	36.84
Change in Working Capital	-183.45	83.61	-244.96	-421.26	-188.33	137.15

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:

Jan 13, 2026

Data Sources Report a data error