Emerald Holding 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	4.6	2.2	-8.2	130.8	-79.7	-633.6
Depreciation & Amortization	29.8	28.3	45	59.5	47.6	48.6
Other Amortization	2.2	4.3	3	1.7	1.5	1.5
Loss (Gain) From Sale of Assets	-	-	0.2	-	0.5	-
Asset Writedown & Restructuring Costs	1	7.3	-	7.9	39.9	680.2
Stock-Based Compensation	9.6	5.8	7.8	5.8	10.4	6.7
Provision & Write-off of Bad Debts	1.8	0.5	0.3	0.4	0.4	0.7
Other Operating Activities	11.9	3.1	4.8	-26.6	4.9	-53.3
Change in Accounts Receivable	14.9	4.5	-8.6	-24.9	-15.6	30.6
Change in Accounts Payable	-7.6	-7.9	-11	6.2	20.8	5.7
Change in Unearned Revenue	-19.1	8.7	19.5	29.9	67.5	-140
Change in Income Taxes	2.7	-2.5	-2.7	1.4	0.2	-
Change in Other Net Operating Assets	-0.9	-7.5	-9.8	-17	-8.4	15.8
Operating Cash Flow	50.9	46.8	40.3	175.1	90	-37.1
Operating Cash Flow Growth	21.77%	16.13%	-76.98%	94.56%	-	-
Capital Expenditures	-1.3	-1.3	-0.6	-1.8	-1.5	-0.9
Cash Acquisitions	-195	-16.2	-9.5	-37.6	-125.3	-33.3
Sale (Purchase) of Intangibles	-7	-8.5	-10.9	-8.5	-5.1	-3.1
Other Investing Activities	-	1	-	-	-	-
Investing Cash Flow	-203.3	-25	-21	-47.9	-131.9	-37.3
Short-Term Debt Issued	-	-	-	-	-	95
Long-Term Debt Issued	-	-	239.4	-	-	-
Total Debt Issued	275.4	-	239.4	-	-	95
Short-Term Debt Repaid	-	-	-	-	-	-105
Long-Term Debt Repaid	-	-4.2	-241.5	-104.2	-5.7	-5.7
Total Debt Repaid	-171.9	-4.2	-241.5	-104.2	-5.7	-110.7
Net Debt Issued (Repaid)	103.5	-4.2	-2.1	-104.2	-5.7	-15.7
Issuance of Common Stock	0.4	1.5	0.2	0.1	0.1	0.2
Repurchase of Common Stock	-24.6	-13.8	-16.9	-10.4	-12.4	-0.9
Preferred Dividends Paid	-	-8.6	-17.2	-	-	-
Common Dividends Paid	-12	-6.1	-	-	-	-5.4
Dividends Paid	-12	-14.7	-17.2	-	-	-5.4
Other Financing Activities	-7.3	-	-18.2	-4.8	-4.2	-18.2
Financing Cash Flow	60	-31.2	-54.2	-119.3	-22.2	360.1
Net Cash Flow	-93.5	-9.4	-34.9	7.9	-64.1	285.7
Free Cash Flow	49.6	45.5	39.7	173.3	88.5	-38
Free Cash Flow Growth	20.68%	14.61%	-77.09%	95.82%	-	-
Free Cash Flow Margin	11.34%	11.41%	10.37%	53.18%	60.82%	-29.83%
Free Cash Flow Per Share	0.25	0.29	0.62	2.51	1.24	-0.53
Cash Interest Paid	43.8	43.8	38.1	22.5	13.8	18.5
Cash Income Tax Paid	4.6	4.6	6.9	25.6	0.2	1.1
Levered Free Cash Flow	68.86	46.28	34.65	37.78	58.83	-92.38
Unlevered Free Cash Flow	98.16	71.85	58.71	51.39	67.26	-81
Change in Working Capital	-10	-4.7	-12.6	-4.4	64.5	-87.9

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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