Unitil Corporation (UTL)

Unitil Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net Income	46.8	47.1	45.2	41.4	36.1	32.2
Depreciation & Amortization	86.6	76.1	67.4	62.6	59.5	54.5
Change in Accounts Receivable	1.6	-14	8.2	-18.5	-15.2	-7.8
Change in Accounts Payable	1.5	2	-20.9	16.2	19.2	-4.4
Change in Other Net Operating Assets	-4.5	10.4	8.1	-3.7	2.2	-3.1
Other Operating Activities	1.2	4.3	-1	-0.3	6	4.3
Operating Cash Flow	133.2	125.9	107	97.7	107.8	75.7
Operating Cash Flow Growth	1.76%	17.66%	9.52%	-9.37%	42.40%	-27.84%
Capital Expenditures	-183	-169.9	-141	-122.1	-115	-122.6
Investing Cash Flow	-254.4	-169.9	-141	-122.1	-115	-122.6
Short-Term Debt Issued	-	-	46	51.9	9.4	-
Long-Term Debt Issued	-	135	25.3	-	-	99.7
Total Debt Issued	43.7	135	71.3	51.9	9.4	99.7
Short-Term Debt Repaid	-	-56.2	-	-	-	-3.9
Long-Term Debt Repaid	-	-4.9	-6.9	-10.5	-25.9	-24.9
Total Debt Repaid	36.7	-61.1	-6.9	-10.5	-25.9	-28.8
Net Debt Issued (Repaid)	80.4	73.9	64.4	41.4	-16.5	70.9
Issuance of Common Stock	73.8	1.1	1.1	1	45.5	1.1
Common Dividends Paid	-28.9	-27.5	-26.2	-25.1	-23.6	-22.6
Other Financing Activities	4.2	-3.7	-7.8	9.6	2.3	-1.7
Financing Cash Flow	129.5	43.8	31.5	26.9	7.7	47.7
Net Cash Flow	8.3	-0.2	-2.5	2.5	0.5	0.8
Free Cash Flow	-49.8	-44	-34	-24.4	-7.2	-46.9
Free Cash Flow Margin	-9.92%	-8.89%	-6.10%	-4.33%	-1.52%	-11.20%
Free Cash Flow Per Share	-3.04	-2.73	-2.12	-1.52	-0.47	-3.14
Cash Interest Paid	37.8	31.2	30.9	26	26	23.7
Cash Income Tax Paid	4.9	2.5	-	1.2	1.4	0.9
Levered Free Cash Flow	-59.02	-61.35	-50.4	-20.91	-14.67	-55.52
Unlevered Free Cash Flow	-33.71	-37.78	-28.59	-3.22	2.33	-39.02
Change in Working Capital	-1.4	-1.6	-4.6	-6	6.2	-15.3

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

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