FTAI Infrastructure Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2021	FY 2020
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	-152.05	-266.06	-159.75	-106.34	-71.72
Depreciation & Amortization	132.49	79.41	80.99	54.02	31.11
Stock-Based Compensation	11.08	8.64	9.2	4.04	2.33
Other Adjustments	-67.64	148.61	37.37	10.07	7.29
Change in Receivables	-9.92	2.13	2.84	-26.8	10
Changes in Accounts Payable	51.75	20.97	8.55	15.49	-14.23
Changes in Other Operating Activities	-83.7	-8.98	26.31	-12.19	-11.63
Operating Cash Flow	-118.01	-15.28	5.51	-61.72	-46.86
Capital Expenditures	-281.25	-82.82	-100.75	-140.9	-247.52
Sale of Property, Plant & Equipment	2.78	4.68	1.19	4.49	-
Purchases of Investments	-	-5	-	-	-
Payments for Business Acquisitions	-856.64	-	-4.45	-627.09	-
Other Investing Activities	-7.55	-35	-43.12	-65.22	-4.69
Investing Cash Flow	-1,143	-118.14	-147.12	-828.72	-252.22
Long-Term Debt Issued	1,794	498.43	181.35	451.1	263.98
Long-Term Debt Repaid	-780.36	-247.59	-75.13	-	-239.98
Net Long-Term Debt Issued (Repaid)	1,014	250.83	106.22	451.1	24
Issuance of Common Stock	2.69	-	-	-	-
Net Common Stock Issued (Repurchased)	2.69	-	-	-	-
Issuance of Preferred Stock	1,000	-	-	-	-
Repurchase of Preferred Stock	-447.12	-	-	-	-
Net Preferred Stock Issued (Repurchased)	552.88	-	-	-	-
Common Dividends Paid	-13.83	-13.12	-12.37	-	-
Preferred Share Dividends Paid	-25.52	-14.66	-1.76	-	-
Other Financing Activities	-90.61	-29.81	-12.64	685.77	313.63
Financing Cash Flow	1,439	193.23	79.45	1,137	337.63
Net Cash Flow	178.65	59.82	-62.16	246.43	38.55
Free Cash Flow	-399.26	-98.1	-95.23	-202.61	-294.38
FCF Margin	-79.45%	-29.59%	-29.72%	-168.54%	-429.37%
Free Cash Flow Per Share	-3.47	-0.91	-0.92	-	-
Levered Free Cash Flow	572.59	-35.05	-62.41	287.65	-273.47
Unlevered Free Cash Flow	-172.92	-92.17	-29.96	-152.76	-295.98

Updated Dec 31, 2025. Data Source: Fiscal.ai. Utilities template. Financial Sources.

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