NICE Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $612.1M | $439.5M | $336.5M | $265.1M | $199.6M | $196.7M | $185.9M | $159.3M |
| Depreciation & Amortization | $199.0M | $205.0M | $167.4M | $176.5M | $184.1M | $182.0M | $173.2M | $157.1M |
| Depreciation | $98.3M | $89.2M | $74.9M | $71.5M | — | — | — | — |
| Amortization | — | — | — | — | — | — | $42.4M | $42.3M |
| Stock-Based Compensation | $146.0M | $182.1M | $176.7M | $182.7M | $153.0M | $101.7M | $80.9M | $67.2M |
| Net Cash from Operating Activities | $716.5M | $832.6M | $561.4M | $479.7M | $461.8M | $480.3M | $374.2M | $396.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $18.9M | $35.0M | $29.2M | $31.9M | $24.8M | $24.2M | $27.3M | $31.4M |
| Business Acquisitions | $856.1M | $64.8M | $415.2M | — | — | — | — | $104.8M |
| Net Cash from Investing Activities | $160.0M | $-397.4M | $-293.6M | $-152.4M | $-261.5M | $-465.1M | $-344.3M | $-460.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | $0 | $0 |
| Stock Repurchases | $488.9M | $369.2M | $288.4M | $144.9M | $73.2M | $48.3M | $47.3M | $26.0M |
| Net Cash from Financing Activities | $-984.3M | $-456.6M | $-290.3M | $-164.5M | $-261.8M | $196.8M | $-42.7M | $-16.3M |
| Net Change in Cash | $-103.0M | $-28.3M | $-19.8M | $154.4M | $-63.6M | $213.9M | $-13.8M | $-86.2M |
| Free Cash Flow | $697.6M | $797.7M | $532.2M | $447.8M | $437.0M | $456.1M | $346.9M | $365.2M |