SOLV Energy 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 2022
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	149.18	9.59	-107.27	-120.73
Depreciation & Amortization	85.54	84.37	81.28	87.82
Other Amortization	8.52	4.79	3.85	3.41
Loss (Gain) From Sale of Assets	0.04	0.22	-	-
Loss (Gain) From Sale of Investments	-	-0.75	-1.8	-
Stock-Based Compensation	27.33	8.61	2.38	2.44
Provision & Write-off of Bad Debts	0.44	-2.64	2.23	0.75
Other Operating Activities	0.54	2.83	0.22	0.99
Change in Accounts Receivable	-78.97	85.38	108.99	-11.8
Change in Accounts Payable	109.25	-101.5	-92.7	283.44
Change in Unearned Revenue	66.9	22.57	79.51	-211.83
Change in Other Net Operating Assets	-37.11	4.15	-26.38	49.44
Operating Cash Flow	331.65	117.61	50.29	83.93
Operating Cash Flow Growth	181.98%	133.86%	-40.08%	-
Capital Expenditures	-21.41	-8.57	-14.4	-27.26
Sale of Property, Plant & Equipment	-	0.3	-	-
Cash Acquisitions	-55.33	-	-	-
Investment in Securities	-	-	0.55	-0.82
Investing Cash Flow	-76.74	-8.27	-13.86	-28.07
Long-Term Debt Issued	47	97.25	151.6	28
Long-Term Debt Repaid	-19.59	-123.64	-154.53	-19.73
Net Debt Issued (Repaid)	27.41	-26.39	-2.93	8.27
Issuance of Common Stock	-	-	-	15.02
Common Dividends Paid	-91.25	-10.53	-	-
Other Financing Activities	-4.18	-42.46	-31.95	-10.16
Financing Cash Flow	-68.01	-79.37	-34.88	13.13
Net Cash Flow	186.89	29.97	1.56	68.99
Free Cash Flow	310.23	109.04	35.89	56.67
Free Cash Flow Growth	184.50%	203.84%	-36.68%	-
Free Cash Flow Margin	12.46%	5.83%	1.70%	2.43%
Cash Interest Paid	-	42.68	53.74	35.47
Cash Income Tax Paid	-	0.6	0.2	0.01
Levered Free Cash Flow	296.5	64.71	-	-
Unlevered Free Cash Flow	328.11	94.94	-	-
Change in Working Capital	60.06	10.59	69.42	109.24

Updated Mar 19, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q