Granite Construction Incorporated
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $193.0M | $126.3M | $43.6M | $83.3M | $10.1M | $-145.1M | $-60.2M | $582.0K |
| Depreciation & Amortization | $162.4M | $126.3M | $92.3M | $82.6M | $109.1M | $113.0M | $122.0M | $111.5M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $14.6M | $14.1M | $2.3M | $2.0M | $10.1M | $13.5M | $1.0M | $15.2M |
| Stock-Based Compensation | $39.2M | $19.6M | $10.5M | $7.8M | $6.4M | $6.4M | $10.2M | $14.8M |
| Net Cash from Operating Activities | $468.9M | $456.3M | $183.7M | $55.6M | $21.9M | $268.5M | $111.4M | $86.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $138.3M | $136.4M | $140.4M | $121.6M | $94.8M | $93.3M | $106.8M | $111.1M |
| Business Acquisitions | $777.5M | $134.4M | $294.0M | $0 | $0 | $0 | $6.2M | $55.0M |
| Net Cash from Investing Activities | $-993.7M | $-228.6M | $-359.3M | $-11.0M | $-21.5M | $-41.3M | $-40.3M | $-39.6M |
| Financing Activities | ||||||||
| Dividends Paid | $22.7M | $22.8M | $22.8M | $23.3M | $23.8M | $23.7M | $24.3M | $22.4M |
| Stock Repurchases | $48.2M | $50.6M | $4.1M | $70.9M | $2.7M | $885.0K | $36.9M | $16.6M |
| Net Cash from Financing Activities | $475.7M | $-67.1M | $299.3M | $-164.3M | $-24.4M | $-57.7M | $-81.6M | $-1.9M |
| Net Change in Cash | $-49.1M | $160.7M | $123.7M | $-119.7M | $-24.0M | $169.5M | $-10.5M | $44.9M |
| Free Cash Flow | $330.6M | $319.9M | $43.3M | $-66.0M | $-72.9M | $175.2M | $4.6M | $-24.7M |