Pershing Square 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
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Net Income	281.71	2.39	233.72
Depreciation & Amortization	2.3	2.78	2.76
Stock-Based Compensation	1.46	112.74	1.45
Other Adjustments	-98.79	2.78	2.52
Change in Receivables	-264.66	89.03	-321.66
Changes in Accounts Payable	4.12	-54.66	79.19
Changes in Accrued Expenses	255.98	72.69	81.75
Changes in Income Taxes Payable	3.4	0.8	12.6
Changes in Unearned Revenue	3.79	-	-
Changes in Other Operating Activities	-323.55	65.94	-8.52
Operating Cash Flow	-134.23	294.48	83.8
Operating Cash Flow Growth	-	251.41%	-
Capital Expenditures	-0.45	-1.56	-0.02
Purchases of Investments	-607.23	-	-
Investing Cash Flow	-607.68	-1.56	-0.02
Long-Term Debt Issued	-	16.38	-
Long-Term Debt Repaid	-	-80.54	-2.87
Net Long-Term Debt Issued (Repaid)	-	-64.15	-2.87
Issuance of Common Stock	-	1,047	-
Net Common Stock Issued (Repurchased)	-	1,047	-
Common Dividends Paid	-164.39	-298.75	-81.42
Other Financing Activities	-3.15	-16.87	-
Financing Cash Flow	-167.55	667.4	-84.29
Net Cash Flow	-909.46	960.32	-0.51

SEC Filings: 10-K · 10-Q