Arrow Financial Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	51.13	43.95	29.71	30.08	48.8	49.86
Depreciation & Amortization	5.46	5.42	5.36	6.72	7.55	7.83
Stock-Based Compensation	0.79	0.68	0.31	0.61	0.45	0.41
Other Adjustments	3.84	4.25	6.51	3.13	3.49	11.14
Changes in Other Operating Activities	-3.52	-13.02	-7.42	-19.95	-0.57	-1.03
Operating Cash Flow	46.45	41.28	34.47	20.58	59.71	68.21
Operating Cash Flow Growth	35.87%	19.76%	67.49%	-65.53%	-12.45%	61.19%
Capital Expenditures	-5.12	-5.09	-5.6	-7.08	-14.25	-7.14
Sale of Property, Plant & Equipment	2.99	3.15	3.33	2.71	1.48	1.55
Purchases of Investments	-198.41	-157.4	-157.22	-82.52	-196.24	-332.75
Proceeds from Sale of Investments	166.31	176.1	225	232.13	136.19	148.89
Other Investing Activities	-44.41	-78.21	-154.46	-227.88	-320.23	-85.15
Investing Cash Flow	-81.64	-61.45	-88.95	-82.65	-393.06	-274.6
Long-Term Debt Issued	-	-	102.1	256.5	27	-
Long-Term Debt Repaid	-4.41	-4.41	-120.06	-284.85	-17.25	-17.53
Net Long-Term Debt Issued (Repaid)	-4.41	-4.41	-17.96	-28.35	9.75	-17.53
Issuance of Common Stock	0.64	0.58	0.72	0.69	3.01	3.82
Repurchase of Common Stock	-6.87	-10.24	-6.79	-3.61	-2.87	-2.66
Net Common Stock Issued (Repurchased)	-6.23	-9.66	-6.07	-2.92	0.14	1.16
Common Dividends Paid	-19.15	-18.9	-18.29	-17.98	-17.44	-16.3
Other Financing Activities	49.99	112.77	108.8	189.2	-52.13	315.77
Financing Cash Flow	19.35	79.81	66.49	139.95	-59.69	283.1
Net Cash Flow	-15.84	59.64	12.01	77.88	-393.04	76.71
Free Cash Flow	41.34	36.19	28.87	13.5	45.46	61.07
Free Cash Flow Growth	14.22%	25.35%	113.88%	-70.31%	-25.55%	64.24%
FCF Margin	20.23%	18.28%	17.20%	8.28%	25.24%	34.88%
Free Cash Flow Per Share	2.51	2.19	1.72	0.79	2.67	3.59
Levered Free Cash Flow	43.55	26.85	4.09	-18.59	51.28	31.98
Unlevered Free Cash Flow	74.24	57	44.38	33.1	65.49	74.58

Updated May 8, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

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