WaterBridge Infrastructure LLC (WBI)

WBI Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023
Net Income	0.01	2.99	14.67
Depreciation & Amortization	142.73	80.06	49.69
Stock-Based Compensation	5.34	9.53	-0.36
Other Adjustments	27.01	6.48	2.13
Change in Receivables	-22.6	-27.32	-24.53
Changes in Accounts Payable	8.81	5.68	3.37
Changes in Accrued Expenses	-0.48	-0.15	4.01
Changes in Unearned Revenue	-0.12	-0.04	4.22
Changes in Other Operating Activities	-1	-3.39	-4.73
Operating Cash Flow	159.7	73.86	48.47
Operating Cash Flow Growth	116.22%	52.37%	-
Capital Expenditures	-278.57	-159.92	-147.97
Sale of Property, Plant & Equipment	20.05	2.78	2.03
Payments for Business Acquisitions	39.9	-166.52	-25.34
Investing Cash Flow	-218.62	-323.66	-171.28
Short-Term Debt Issued	-	-	28
Short-Term Debt Repaid	-	-	-28
Long-Term Debt Issued	1,505	630	122
Long-Term Debt Repaid	-1,849	-359.78	-0.62
Net Long-Term Debt Issued (Repaid)	-344.22	270.22	121.38
Issuance of Common Stock	705.43	-	9.82
Repurchase of Common Stock	-228.16	-	-
Net Common Stock Issued (Repurchased)	477.27	-	9.82
Other Financing Activities	-35.86	-20.01	-2.41
Financing Cash Flow	97.19	250.22	128.79
Net Cash Flow	38.26	0.42	5.98
Free Cash Flow	-118.87	-86.06	-99.5
FCF Margin	-	-27.21%	-49.56%
Free Cash Flow Per Share	-0.96	-	-
Levered Free Cash Flow	-472.86	195.47	44.64
Unlevered Free Cash Flow	-128.63	-26.78	-51.22

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q