Liberty Energy Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $147.9M | $316.0M | $556.3M | $399.6M | $-179.2M | $-115.6M | $39.0M | $126.3M |
| Depreciation & Amortization | $500.3M | $505.1M | $421.5M | $323.0M | $262.8M | $180.1M | $165.4M | $125.1M |
| Depreciation | $428.3M | $448.1M | $387.8M | $302.3M | $243.0M | $169.9M | $153.6M | $124.9M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $41.9M | $32.4M | $33.0M | $23.1M | $19.9M | $17.1M | $13.6M | $5.5M |
| Net Cash from Operating Activities | $609.6M | $829.4M | $1.01B | $530.4M | $135.5M | $85.4M | $261.1M | $351.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $595.5M | $651.0M | $603.3M | $451.9M | $198.8M | $103.6M | $195.2M | $258.8M |
| Business Acquisitions | $15.2M | $0 | $75.7M | $0 | $0 | — | — | — |
| Net Cash from Investing Activities | $-435.0M | $-643.1M | $-672.3M | $-450.7M | $-186.5M | $-100.3M | $-194.3M | $-255.5M |
| Financing Activities | ||||||||
| Dividends Paid | $54.5M | $48.3M | $37.7M | $9.2M | $168.0K | $4.4M | $14.8M | $6.9M |
| Stock Repurchases | $24.9M | $129.3M | $203.1M | $125.3M | $0 | $0 | $18.4M | $82.9M |
| Net Cash from Financing Activities | $-167.5M | $-202.7M | $-349.3M | $-55.8M | $2.1M | $-28.9M | $-57.4M | $-8.8M |
| Net Change in Cash | — | — | — | — | $-49.0M | $-43.7M | $9.4M | $87.0M |
| Free Cash Flow | $14.1M | $178.3M | $411.3M | $78.5M | $-63.3M | $-18.2M | $65.9M | $92.4M |