Legence 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
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	-45.76	-28.56	-46.03	-82.27
Depreciation & Amortization	115.47	110.85	92.8	93.02
Other Amortization	4.39	5.05	5.04	5.54
Asset Writedown & Restructuring Costs	17.8	17.8	5.05	23.44
Loss (Gain) on Equity Investments	0.72	-2.06	-	-
Stock-Based Compensation	18.57	5.41	10.05	5.19
Other Operating Activities	25.21	4.05	27.95	17.28
Change in Accounts Receivable	-185.07	-33.04	-104.66	-97.16
Change in Accounts Payable	95.34	10.7	-5.02	17.28
Change in Unearned Revenue	126.38	-14.51	46.15	50.67
Change in Other Net Operating Assets	-4.87	-46.43	2.58	-5.98
Operating Cash Flow	168.16	29.27	33.92	27
Operating Cash Flow Growth	395.81%	-13.71%	25.64%	-
Capital Expenditures	-30.97	-19.01	-17.07	-26.31
Sale of Property, Plant & Equipment	0.3	0.27	0.35	0.09
Cash Acquisitions	-5.58	-225.25	-119.88	-134.15
Investment in Securities	-	-	2.7	-
Investing Cash Flow	-36.25	-243.99	-133.9	-160.38
Short-Term Debt Issued	-	-	-	20.25
Long-Term Debt Issued	-	565	155	149.45
Total Debt Issued	317.5	565	155	169.7
Short-Term Debt Repaid	-	-	-	-20.25
Long-Term Debt Repaid	-	-22.63	-16.53	-11.22
Total Debt Repaid	-811.14	-22.63	-16.53	-31.47
Net Debt Issued (Repaid)	-493.64	542.37	138.47	138.23
Issuance of Common Stock	780.24	0.4	0.55	41.73
Common Dividends Paid	-299.95	-301.61	-1.53	-0.27
Other Financing Activities	-21.84	-34.2	-9.02	-5.88
Financing Cash Flow	-35.19	206.96	128.47	173.81
Net Cash Flow	96.73	-7.75	28.49	40.43
Free Cash Flow	137.2	10.26	16.84	0.68
Free Cash Flow Growth	714.52%	-39.09%	2362.57%	-
Free Cash Flow Margin	5.81%	0.49%	1.04%	0.06%
Cash Interest Paid	107.94	85.66	61.79	44.65
Cash Income Tax Paid	19.09	17.5	10.16	0.64
Levered Free Cash Flow	-	-28.12	-	-
Unlevered Free Cash Flow	-	24.08	-	-
Change in Working Capital	31.77	-83.28	-60.95	-35.19

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

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