Algonquin Power & Utilities Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $180.8M | $-1.38B | $28.7M | $-212.0M | $264.9M | $782.5M | $530.9M | $185.0M |
| Depreciation & Amortization | $400.3M | $395.7M | $354.1M | $455.5M | $403.0M | $314.1M | $284.3M | $260.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $13.0M | $18.4M | $10.4M | $10.9M | $8.4M | $24.6M | $11.0M | $7.5M |
| Net Cash from Operating Activities | $593.6M | $481.7M | $628.0M | $619.1M | $157.5M | $505.2M | $611.3M | $530.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $771.9M | $872.4M | $1.03B | $1.09B | $1.35B | $786.0M | $581.3M | $466.4M |
| Business Acquisitions | — | — | $0 | $632.8M | $0 | $402.8M | $308.4M | $0 |
| Net Cash from Investing Activities | $1.16B | $132.8M | $-1.10B | $-1.79B | $-1.80B | $-1.23B | $-1.32B | $-1.46B |
| Financing Activities | ||||||||
| Dividends Paid | $201.3M | $285.1M | $322.5M | $378.6M | $307.1M | $253.8M | $196.4M | $166.4M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-1.81B | $-556.4M | $442.8M | $1.11B | $1.67B | $766.9M | $733.4M | $931.9M |
| Net Change in Cash | $-52.9M | $55.0M | $-25.0M | $-60.2M | $31.4M | $42.7M | $21.5M | $6.4M |
| Free Cash Flow | $-178.3M | $-390.7M | $-398.1M | $-469.9M | $-1.19B | $-280.8M | $29.9M | $64.0M |