LandBridge Company LLC (LB)

LandBridge Company LLC Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022
Net Income	72.4	-41.48	63.17	-6.36
Depreciation & Amortization	11.47	8.88	8.76	6.72
Stock-Based Compensation	45.32	95.34	-17.23	36.36
Other Adjustments	10.71	1.28	0.14	0.04
Change in Receivables	-9.67	1.04	-2.09	-6.34
Changes in Accounts Payable	0.11	0.51	0.25	-1.01
Changes in Accrued Expenses	-1.62	0.51	-0.19	-1.32
Changes in Income Taxes Payable	-3.75	1.9	0.17	-8.33
Changes in Unearned Revenue	-	-	-	0.31
Changes in Other Operating Activities	1.3	-0.33	0.04	0.44
Operating Cash Flow	126.27	67.64	53.04	20.5
Operating Cash Flow Growth	86.69%	27.51%	158.74%	-
Capital Expenditures	-4.24	-0.99	-2.78	-3.29
Sale of Property, Plant & Equipment	0.21	-	0.01	-
Payments for Business Acquisitions	-229.05	-723.37	-	-8.38
Investing Cash Flow	-233.07	-724.35	-2.77	-11.67
Long-Term Debt Issued	783.55	417.5	150	-
Long-Term Debt Repaid	-599.2	-162.96	-77.82	-6.5
Net Long-Term Debt Issued (Repaid)	184.35	254.54	72.18	-6.5
Issuance of Common Stock	-	737.55	-	10.98
Repurchase of Common Stock	-5.75	-145.41	-	-
Net Common Stock Issued (Repurchased)	-5.75	592.14	-	10.98
Common Dividends Paid	-63.71	-178.24	-105.17	-1.14
Other Financing Activities	-14.38	-12.51	-4.81	-0.07
Financing Cash Flow	100.51	655.93	-37.8	3.27
Net Cash Flow	-6.29	-0.79	12.47	12.1
Free Cash Flow	122.04	66.65	50.26	17.21
Free Cash Flow Growth	83.10%	32.62%	192.05%	-
FCF Margin	61.30%	60.62%	68.98%	33.24%
Free Cash Flow Per Share	1.59	0.91	-	-
Levered Free Cash Flow	217.76	270.12	141.61	-19.35
Unlevered Free Cash Flow	108.59	-6.82	75.86	-9.8

Updated Feb 25, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q