CECO Environmental Corp. (CECO)

CECO Environmental 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	50.05	12.96	12.91	17.42	1.43
Depreciation & Amortization	24.88	14.52	12.51	10.61	9.85
Other Amortization	0.83	0.5	0.43	0.37	0.4
Loss (Gain) From Sale of Assets	-63.64	0.19	0.11	0.01	-0.08
Stock-Based Compensation	13.11	7.51	4.53	3.9	3.34
Provision & Write-off of Bad Debts	-0.99	0.3	1.59	1.34	0.69
Other Operating Activities	1.66	1.71	1.83	-1.57	2.8
Change in Accounts Receivable	-51.61	-56.5	-21.81	-23.6	-20.17
Change in Inventory	-3.18	-9.81	-6.9	-6.02	-0.2
Change in Accounts Payable	7.22	36.18	13.85	19.84	0.81
Change in Unearned Revenue	37.9	24.92	21.58	4.41	8.43
Change in Income Taxes	2.01	1.43	-1.98	1.42	1.05
Change in Other Net Operating Assets	-12.38	-9.07	6	1.53	4.96
Operating Cash Flow	5.86	24.83	44.65	29.65	13.3
Operating Cash Flow Growth	-76.39%	-44.39%	50.59%	122.96%	200.79%
Capital Expenditures	-11.34	-17.37	-8.38	-3.38	-2.62
Sale of Property, Plant & Equipment	0.07	0	-	0.02	0.53
Cash Acquisitions	-97.62	-87.95	-48.1	-44.9	-
Divestitures	107.81	-	-	-	-
Investing Cash Flow	-1.08	-105.31	-56.49	-48.26	-2.08
Long-Term Debt Issued	233.3	309.3	181.6	86.2	51.4
Long-Term Debt Repaid	-241.34	-227.31	-156.49	-40.12	-60.44
Net Debt Issued (Repaid)	-8.04	81.99	25.11	46.08	-9.04
Issuance of Common Stock	0.87	-	1.44	0.67	0.23
Repurchase of Common Stock	-	-7.17	-	-7.02	-5.01
Other Financing Activities	-4.39	-8.91	-5.4	-1.56	-1.73
Financing Cash Flow	-11.56	65.91	21.14	38.18	-15.56
Foreign Exchange Rate Adjustments	1.8	-2.67	-0.44	-4.98	-1.48
Miscellaneous Cash Flow Adjustments	0	-	-	-	-
Net Cash Flow	-4.97	-17.25	8.86	14.59	-5.82
Free Cash Flow	-5.48	7.46	36.26	26.27	10.68
Free Cash Flow Growth	-	-79.43%	38.02%	145.96%	2144.12%
Free Cash Flow Margin	-0.71%	1.34%	6.66%	6.22%	3.29%
Free Cash Flow Per Share	-0.15	0.20	1.03	0.75	0.30
Cash Interest Paid	20.41	13.34	12.1	5.01	2.15
Cash Income Tax Paid	24.73	9.55	9.92	5.38	-2.57
Levered Free Cash Flow	30.47	7.03	40.19	17.29	13.17
Unlevered Free Cash Flow	42.71	14.67	48.15	20.31	14.61
Change in Working Capital	-20.04	-12.86	10.74	-2.43	-5.13

Updated Feb 24, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q