Burford Capital Limited (BUR)

Burford Capital Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	72.19	229.58	718.2	97.46	-6.94
Depreciation & Amortization	-	-	-	-	3.19
Stock-Based Compensation	13.84	8.69	8.75	7.78	8.82
Other Adjustments	-467.78	-567.73	-1,354	-280.27	-183.77
Changes in Trading Assets	-1.94	32.58	34.47	27.87	-160.36
Changes in Trading Liabilities	-	-2.58	-	3.33	-
Changes in Accrued Expenses	108.46	35.01	156.34	19.09	25.1
Changes in Other Operating Activities	246.22	481.18	161.24	-341.37	-271.41
Operating Cash Flow	-29.01	216.73	-274.68	-466.1	-585.36
Net Change in Securities and Investments	-8.52	-	-	-	-
Capital Expenditures	-0.28	-0.66	-3.21	-0.41	-0.29
Investing Cash Flow	-8.8	-0.66	-3.21	-0.41	-0.29
Long-Term Debt Issued	500	284.97	394.46	357.27	400
Long-Term Debt Repaid	-146.95	-49.82	-129.97	-79.91	-33.93
Net Long-Term Debt Issued (Repaid)	353.06	235.15	264.49	277.36	366.07
Repurchase of Common Stock	-15.31	-5.09	-3.76	-8.04	-3.69
Net Common Stock Issued (Repurchased)	-15.31	-5.09	-3.76	-8.04	-3.69
Common Dividends Paid	-27.39	-27.33	-27.5	-27.67	-41.05
Other Financing Activities	-177.94	-168.9	156.3	157.48	123.49
Financing Cash Flow	132.42	33.83	389.53	399.13	444.83
Effect of Exchange Rate Changes on Cash and Cash Equivalents	1.91	-0.52	1.25	-5.22	-1.01
Net Cash Flow	94.6	249.9	111.64	-67.38	-140.82
Free Cash Flow	-29.3	216.06	-277.89	-466.51	-585.65
FCF Margin	-5.72%	36.72%	-20.34%	-145.91%	-269.72%
Free Cash Flow Per Share	-0.13	0.97	-1.25	-2.10	-2.67
Levered Free Cash Flow	768.08	927.16	1,224	16.38	-66.44
Unlevered Free Cash Flow	352.46	545.53	348.84	-291.49	-403.76

Updated Feb 26, 2026. Data Source: Fiscal.ai. Banks template. Financial Sources.

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