CBIZ, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $115.4M | $41.0M | $121.0M | $105.4M | $70.9M | $78.3M | $70.7M | $61.6M |
| Depreciation & Amortization | $98.3M | $48.1M | $36.3M | $32.9M | $27.1M | $23.1M | $22.3M | $23.7M |
| Depreciation | $23.4M | $15.3M | $12.5M | $11.2M | $10.8M | $9.6M | $8.3M | $6.1M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $26.0M | $13.8M | $12.3M | $14.7M | $11.4M | $8.9M | $7.3M | — |
| Net Cash from Operating Activities | $192.5M | $123.7M | $153.5M | $126.1M | $131.2M | $146.8M | $98.2M | $105.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $17.0M | $12.9M | $23.1M | $8.6M | $9.0M | $11.6M | $13.9M | $14.6M |
| Business Acquisitions | $1.6M | $1.09B | $53.1M | $79.1M | $66.7M | $71.4M | $11.7M | $29.1M |
| Net Cash from Investing Activities | $-15.9M | $-1.13B | $-79.4M | $-99.1M | $-82.0M | $-46.4M | $-27.7M | $-47.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $160.1M | $0 | $65.4M | $122.5M | $97.5M | $56.5M | $27.2M | $17.5M |
| Net Cash from Financing Activities | $-145.7M | $1.04B | $-77.1M | $-17.3M | $-69.0M | $-76.6M | $-54.5M | $-109.4M |
| Net Change in Cash | $30.9M | $30.0M | $-3.0M | $9.7M | $-19.9M | $23.8M | $16.0M | $-51.7M |
| Free Cash Flow | $175.5M | $110.8M | $130.5M | $117.5M | $122.2M | $135.3M | $84.3M | $90.6M |