MATRIX SERVICE CO
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-2.6M | $-29.5M | $-25.0M | $-52.4M | $-63.9M | $-31.2M | $-33.1M | $28.0M |
| Depreciation & Amortization | $8.6M | $10.0M | $11.0M | $13.7M | $15.3M | $17.9M | $19.1M | $18.2M |
| Depreciation | $8.1M | $8.9M | $9.6M | $12.0M | $13.4M | — | — | — |
| Amortization | $600.0K | $1.1M | $1.4M | $1.7M | $1.8M | $2.3M | $3.4M | $3.3M |
| Stock-Based Compensation | $7.1M | $8.9M | $7.7M | $6.8M | $7.9M | $8.2M | $9.9M | $11.9M |
| Net Cash from Operating Activities | $6.9M | $117.5M | $72.6M | $10.2M | $-54.2M | $-3.0M | $44.1M | $41.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $5.5M | $7.7M | $7.0M | $9.0M | $3.3M | $4.4M | $18.5M | $19.6M |
| Business Acquisitions | — | — | — | — | — | — | $0 | $0 |
| Net Cash from Investing Activities | $-3.5M | $-7.4M | $-945.0K | $-2.5M | $35.7M | $-2.3M | $-17.1M | $-14.4M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | $0 | $0 | $17.0M | $5.2M |
| Net Cash from Financing Activities | $-4.2M | $-1.0M | $-10.4M | $-5.1M | $12.7M | $-12.3M | $-16.0M | $-1.1M |
| Net Change in Cash | — | — | $60.8M | $2.4M | $-6.5M | $-16.2M | $10.3M | $25.7M |
| Free Cash Flow | $1.4M | $109.8M | $65.6M | $1.2M | $-57.5M | $-7.3M | $25.5M | $21.8M |