Blue Owl Capital 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	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	78.83	109.58	54.34	-9.29	-376.17
Depreciation & Amortization	382.4	274.92	310.57	259.21	114.55
Other Amortization	7.83	7.21	4.99	4.38	1.87
Loss (Gain) From Sale of Investments	5.71	12.68	-4.2	0.13	5.28
Stock-Based Compensation	673.52	312.61	312.56	420.83	1,205
Other Operating Activities	211.42	387.53	208.24	-50.62	-580.85
Change in Accounts Payable	2.8	10.08	4.68	58.01	-32.63
Change in Other Net Operating Assets	-106.48	-115.05	57.97	45.79	-55.73
Operating Cash Flow	1,256	999.56	949.15	728.45	281.66
Operating Cash Flow Growth	25.66%	5.31%	30.30%	158.63%	5281.31%
Capital Expenditures	-57.75	-64.19	-67.91	-65.54	-5.26
Cash Acquisitions	-244.58	-445.21	-26.27	-114.45	-1,579
Investment in Securities	31.76	-128.75	-23.86	-305.23	-14.75
Investing Cash Flow	-270.57	-638.15	-118.03	-485.22	-1,599
Long-Term Debt Issued	2,270	2,170	1,055	775.06	1,390
Long-Term Debt Repaid	-1,540	-1,245	-1,000	-323	-577.84
Net Debt Issued (Repaid)	730	925	54.8	452.06	812.46
Issuance of Common Stock	-	-	-	0.15	1,739
Repurchase of Common Stock	-133.27	-38.85	-15.45	-81.21	-
Common Dividends Paid	-546.66	-368.33	-247.88	-182.55	-47.08
Other Financing Activities	-993.11	-831.3	-586.5	-406.17	-1,156
Financing Cash Flow	-943.04	-313.48	-795.03	-217.72	1,348
Net Cash Flow	42.42	47.93	36.08	25.51	30.94
Free Cash Flow	1,198	935.37	881.24	662.91	276.4
Free Cash Flow Growth	28.11%	6.14%	32.93%	139.84%	5932.23%
Free Cash Flow Margin	41.75%	40.75%	50.89%	48.40%	33.55%
Free Cash Flow Per Share	1.81	1.68	1.84	1.53	0.21
Cash Interest Paid	155.39	101.19	71.59	47.73	25.01
Cash Income Tax Paid	17.14	22.14	14.25	4.78	4.35
Levered Free Cash Flow	1,354	861.97	907.67	892.29	-1,168
Unlevered Free Cash Flow	1,448	930.94	949.99	925.45	-1,152
Change in Working Capital	-103.68	-104.97	62.65	103.79	-88.35

Updated Feb 5, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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