Piper Sandler Companies (PIPR)

Piper Sandler Companies 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	325.51	293.97	157.44	98.97	101.18	330.37
Depreciation & Amortization	27.89	27.39	27.07	37.37	31.01	42.71
Stock-Based Compensation	120.77	123.91	103.36	93.77	131.2	171.45
Other Adjustments	18.79	30.81	34.26	22.24	-23.48	-44.48
Changes in Trading Assets	-103.59	-145.57	-47.08	-18.76	-92.54	-38.63
Change in Receivables	-78.54	120.88	37.51	88.46	-43.39	-32.64
Changes in Accounts Payable	40.14	16.5	4.88	-3.64	-8.63	-5.34
Changes in Accrued Expenses	48.8	107.37	56.6	-74.69	-296.37	330.88
Changes in Other Operating Activities	102.36	11.37	-60.8	31.9	-23.9	-47.23
Operating Cash Flow	502.14	586.63	313.26	275.63	-224.91	707.09
Operating Cash Flow Growth	65.60%	87.27%	13.65%	-	-	-9.32%
Capital Expenditures	-25.67	-34.67	-15.5	-10.05	-30.6	-20.58
Payments for Business Acquisitions	-1.15	-8.99	-16.27	-	-96.5	-
Investing Cash Flow	-35.81	-43.65	-31.77	-10.05	-127.1	-20.58
Long-Term Debt Repaid	-	-	-	-125	-	-70
Net Long-Term Debt Issued (Repaid)	-	-	-	-125	-	-70
Issuance of Common Stock	3.28	4.25	0.79	-	-	-
Repurchase of Common Stock	-114.3	-125.04	-66.43	-70.68	-187.33	-69.9
Net Common Stock Issued (Repurchased)	-111.02	-120.8	-65.63	-70.68	-187.33	-69.9
Common Dividends Paid	-144.61	-114.15	-73.73	-84.44	-107.53	-99.35
Other Financing Activities	7.54	16.21	-41.25	30.54	44.8	16.13
Financing Cash Flow	-248.09	-218.73	-180.61	-249.59	-250.06	-223.12
Effect of Exchange Rate Changes on Cash and Cash Equivalents	0.12	2.34	-1.14	1.48	-3.27	-0.36
Net Cash Flow	218.35	326.58	99.74	17.47	-605.34	463.03
Free Cash Flow	476.46	551.96	297.76	265.58	-255.51	686.51
Free Cash Flow Growth	-13.68%	85.37%	12.12%	-	-	-9.93%
FCF Margin	23.63%	29.06%	19.51%	19.70%	-17.92%	33.80%
Free Cash Flow Per Share	6.70	7.76	4.21	3.85	-3.77	10.12
Levered Free Cash Flow	371.59	263.72	146.3	-77.37	-310.34	470.32
Unlevered Free Cash Flow	415.44	276.36	122.62	61.11	-319.84	592.18

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

SEC Filings: 10-K · 10-Q