LIMBACH HOLDINGS, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $39.1M | $30.9M | $20.8M | $6.8M | $6.7M | $5.8M | $-1.8M | $-1.8M |
| Depreciation & Amortization | $18.1M | $11.9M | $8.2M | $8.2M | $5.9M | $6.2M | $6.3M | $5.7M |
| Depreciation | — | — | — | — | $5.5M | $5.5M | $5.6M | $4.4M |
| Amortization | $8.4M | $4.7M | $1.9M | $1.6M | $484.0K | $630.0K | $642.0K | $1.3M |
| Stock-Based Compensation | $7.0M | $5.8M | $4.9M | $2.7M | $2.6M | $1.1M | $1.8M | $2.2M |
| Net Cash from Operating Activities | $45.7M | $36.8M | $57.4M | $35.4M | $-24.2M | $39.8M | $-926.0K | $25.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $3.8M | $7.5M | $2.3M | $993.0K | $791.0K | $1.5M | $2.7M | $3.9M |
| Business Acquisitions | — | — | — | $0 | $19.0M | $0 | — | — |
| Net Cash from Investing Activities | $-67.6M | $-42.6M | $-17.1M | $-495.0K | $-19.3M | $-1.3M | $-2.5M | $-3.7M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | $0 | $0 | $2.0M | $0 | — | — | — |
| Net Cash from Financing Activities | $-11.7M | $-9.1M | $-16.5M | $-13.4M | $15.9M | $-4.7M | $10.1M | $-20.6M |
| Net Change in Cash | $-33.6M | $-14.9M | $23.8M | $21.5M | $-27.7M | $33.8M | $6.7M | $993.0K |
| Free Cash Flow | $41.9M | $29.3M | $55.1M | $34.4M | $-25.0M | $38.3M | $-3.6M | $21.4M |