Blackbaud, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $115.0M | $-299.5M | $3.0M | $-45.4M | $5.7M | $7.7M | $11.9M | $44.8M |
| Depreciation & Amortization | $86.2M | $121.7M | $109.5M | $102.4M | $82.4M | $92.7M | $85.7M | $79.6M |
| Depreciation | $10.1M | $12.8M | $13.0M | $14.1M | $14.4M | $19.2M | $15.0M | $15.9M |
| Amortization | $2.2M | $3.5M | $3.1M | $2.9M | $2.2M | $2.9M | $5.3M | $4.8M |
| Stock-Based Compensation | $92.9M | $105.0M | $127.8M | $110.3M | $120.4M | $87.3M | $58.6M | $48.3M |
| Net Cash from Operating Activities | $265.6M | $296.0M | $199.6M | $203.9M | $213.7M | $148.0M | $182.5M | $201.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $7.8M | $7.4M | $4.7M | $12.3M | $11.7M | $29.7M | $11.5M | $14.7M |
| Business Acquisitions | $700.0K | $0 | $13.0K | $20.9M | $419.1M | $0 | $109.4M | $44.9M |
| Net Cash from Investing Activities | $-74.9M | $-73.4M | $-64.4M | $-85.5M | $-471.3M | $-71.8M | $-167.2M | $-97.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | $0 | $0 | $6.0M | $23.6M | $23.3M |
| Stock Repurchases | $217.2M | $418.0M | $18.8M | $0 | $108.4M | $41.0M | $0 | $0 |
| Net Cash from Financing Activities | $-247.4M | $-139.4M | $-143.0M | $-25.7M | $264.1M | $-10.7M | $111.2M | $-291.9M |
| Net Change in Cash | $-50.5M | $81.3M | $-5.7M | $82.2M | $6.8M | $67.7M | $127.4M | $-190.3M |
| Free Cash Flow | $257.8M | $288.5M | $194.9M | $191.6M | $202.0M | $118.3M | $171.0M | $186.7M |