H2O AMERICA
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $102.6M | $94.0M | $85.0M | $73.8M | $60.5M | $61.5M | $23.4M | $38.8M |
| Depreciation & Amortization | $120.5M | $115.1M | $108.1M | $106.4M | $96.5M | $91.6M | $68.5M | $56.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $1.1M | $1.4M | $1.3M | $3.9M | $1.6M | $1.4M | $745.0K | $647.0K |
| Stock-Based Compensation | $6.4M | $5.6M | $4.6M | $4.8M | $4.2M | $3.6M | $3.4M | $2.1M |
| Net Cash from Operating Activities | $244.8M | $195.5M | $190.8M | $166.2M | $130.0M | $104.1M | $130.0M | $91.3M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $0 | $0 | $7.5M | $433.0K | $23.6M | $0 | $835.5M | — |
| Net Cash from Investing Activities | $-520.1M | $-340.1M | $-322.3M | $-244.3M | $-260.0M | $-214.3M | $-1.02B | $-146.8M |
| Financing Activities | ||||||||
| Dividends Paid | $58.6M | $52.1M | $47.9M | $43.6M | $40.1M | $36.5M | $34.1M | $23.1M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $284.9M | $146.0M | $128.8M | $78.4M | $132.8M | $101.5M | $485.0M | $468.4M |
| Net Change in Cash | $9.6M | $1.4M | $-2.6M | $225.0K | $2.9M | $-8.7M | $-402.8M | $412.9M |
| Free Cash Flow | — | — | — | — | — | — | — | — |