ICF International, Inc. (ICFI)

ICF International Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	85.26	91.59	110.17	82.61	64.24	71.13
Depreciation & Amortization	56.53	58.15	53.48	60.74	49.92	31.97
Stock-Based Compensation	18.2	17.69	16.72	14.86	13.17	13.23
Other Adjustments	18.63	6.97	-20.03	-15.77	18.36	29.04
Change in Receivables	-2.16	22.03	-49.54	20.94	19.73	-19.02
Changes in Accounts Payable	-29.28	-36.83	24.15	-1.49	30	13.48
Changes in Accrued Expenses	-14.33	-25.81	30.76	-2.85	84.37	-17.49
Changes in Income Taxes Payable	-17.91	-11.69	-5.39	9.28	-1.53	-12.8
Changes in Other Operating Activities	57.68	19.78	11.22	-15.94	-60.06	0.67
Operating Cash Flow	171.76	141.87	171.54	152.38	162.21	110.21
Operating Cash Flow Growth	15.66%	-17.30%	12.57%	-6.06%	47.19%	-36.35%
Capital Expenditures	-21.04	-21.66	-21.43	-22.34	-24.48	-19.93
Payments for Business Acquisitions	-	-	-55.01	-32.66	-237.28	-174.55
Proceeds from Business Divestments	-	-	1.99	51.33	-	-
Other Investing Activities	-0.05	0.15	-0.35	-	2.91	-
Investing Cash Flow	-20.89	-21.51	-74.81	-3.67	-258.84	-194.48
Short-Term Debt Issued	1,169	1,368	1,290	1,294	1,584	881.04
Short-Term Debt Repaid	-1,232	-1,384	-1,314	-1,414	-1,446	-773.26
Net Short-Term Debt Issued (Repaid)	-62.98	-16.05	-24.19	-120.4	137.81	107.77
Issuance of Common Stock	-	-	-	-	-	2.85
Net Common Stock Issued (Repurchased)	-	-	-	-	-	2.85
Common Dividends Paid	-10.29	-10.36	-10.51	-10.54	-10.55	-10.57
Other Financing Activities	-2.63	-2.61	-4.43	-2.57	-15.68	-56.78
Financing Cash Flow	-110.19	-84.31	-86.9	-152.59	90.37	23.23
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.49	1.46	-0.47	0.36	-1.2	-0.51
Net Cash Flow	41.17	37.51	9.37	-3.52	-7.47	-61.55
Free Cash Flow	150.73	120.21	150.11	130.05	137.73	90.27
Free Cash Flow Growth	25.38%	-19.92%	15.43%	-5.58%	52.57%	-41.93%
FCF Margin	8.27%	6.42%	7.43%	6.62%	7.74%	5.81%
Free Cash Flow Per Share	8.17	6.49	7.93	6.85	7.24	4.72
Levered Free Cash Flow	53.93	57.47	178.76	-10.39	280.28	174.79
Unlevered Free Cash Flow	142.28	100.89	225.13	140.62	161.43	74.73

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q