BKV Corporation 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	45.3	-142.87	116.92	410.14	-134.46	-43.35
Depreciation & Amortization	164.96	217.89	224.43	130.04	98.83	90.19
Loss (Gain) From Sale of Assets	-2.05	-10.6	-2.21	-	-	-
Loss (Gain) on Equity Investments	-3.37	-10.42	-6.87	-8.49	-0.91	-
Stock-Based Compensation	12.58	16.32	25.76	31.95	30.39	-
Other Operating Activities	7.44	102.24	-216.52	-191.62	237.42	20.29
Change in Accounts Receivable	-23.47	-19.46	86.33	-36.31	-28.19	-44.48
Change in Inventory	-	-	-	-	-	-0.1
Change in Accounts Payable	11.06	-32.17	-98.24	62.54	137.55	-25.22
Change in Income Taxes	-	-	-	-	-	1.22
Change in Other Net Operating Assets	-1.01	-2.38	-6.53	-49.04	17.5	-5.96
Operating Cash Flow	217.08	118.54	123.08	349.19	358.13	-7.41
Operating Cash Flow Growth	163.38%	-3.69%	-64.75%	-2.50%	-	-
Capital Expenditures	-492.39	-100.92	-192.61	-248.1	-68.71	-514.3
Sale of Property, Plant & Equipment	10.22	5.06	6.67	-	-	-
Cash Acquisitions	2.08	-	-	-619.44	-	0.31
Divestitures	0.86	132.57	-	-	-	-
Investment in Securities	-	-	-	-	-88.41	-
Other Investing Activities	-0.37	-0.65	8.09	1.97	-4.74	-
Investing Cash Flow	-479.61	36.07	-177.85	-865.57	-161.86	-513.99
Short-Term Debt Issued	-	44	375.5	190	-	-
Long-Term Debt Issued	-	580	17	645	166	129
Total Debt Issued	1,127	624	392.5	835	166	129
Short-Term Debt Repaid	-	-171	-338.5	-100	-	-
Long-Term Debt Repaid	-	-946	-131	-166	-24	-105
Total Debt Repaid	-827	-1,117	-469.5	-266	-24	-105
Net Debt Issued (Repaid)	300	-493	-77	569	142	24
Issuance of Common Stock	13.94	265.66	150.01	0.08	-	323.8
Repurchase of Common Stock	-	-	-	-0	-1.22	-
Preferred Dividends Paid	-	-	-	-	-10.33	-
Dividends Paid	-	-	-	-	-10.33	-
Other Financing Activities	0.38	-77.47	-6.29	-34.24	-22.71	-
Financing Cash Flow	314.32	-304.81	66.71	534.83	-79.05	442.72
Net Cash Flow	51.8	-150.2	11.94	18.46	117.22	-78.67
Free Cash Flow	-275.31	17.62	-69.53	101.1	289.42	-521.71
Free Cash Flow Growth	-	-	-	-65.07%	-	-
Free Cash Flow Margin	-33.47%	2.86%	-9.38%	6.09%	32.54%	-425.77%
Free Cash Flow Per Share	-3.25	0.25	-1.08	1.63	4.95	-9.91
Cash Interest Paid	19.82	60.49	68.48	32.09	0.39	1.52
Cash Income Tax Paid	0.2	0.01	1.55	0.4	-	-
Levered Free Cash Flow	-225.19	201.87	-233.53	82.41	392.97	-
Unlevered Free Cash Flow	-211.36	233.6	-185.39	105.64	394.31	-
Change in Working Capital	-13.42	-54.01	-18.44	-22.82	126.86	-74.54

Updated Nov 10, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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