LandBridge Company LLC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $30.1M | $5.1M | $63.2M |
| Depreciation & Amortization | $11.5M | $8.9M | $8.8M |
| Depreciation | $3.3M | $2.6M | $2.4M |
| Amortization | $5.4M | $2.6M | $2.2M |
| Stock-Based Compensation | $45.3M | $95.3M | $-17.2M |
| Net Cash from Operating Activities | $126.3M | $67.6M | $53.0M |
| Investing Activities | |||
| Capital Expenditures | $4.2M | $985.0K | $2.8M |
| Business Acquisitions | $229.0M | $723.4M | $0 |
| Net Cash from Investing Activities | $-233.1M | $-724.4M | $-2.8M |
| Financing Activities | |||
| Dividends Paid | $63.7M | $178.2M | $105.2M |
| Stock Repurchases | — | — | — |
| Net Cash from Financing Activities | $100.5M | $655.9M | $-37.8M |
| Net Change in Cash | $-6.3M | $-791.0K | $12.5M |
| Free Cash Flow | $122.0M | $66.7M | $50.3M |