NEW JERSEY RESOURCES CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $335.6M | $289.8M | $264.7M | $274.9M | $117.9M | $163.0M | $123.9M | $233.4M |
| Depreciation & Amortization | $188.8M | $166.6M | $152.9M | $129.2M | $111.4M | $107.4M | $81.1M | $85.7M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $466.3M | $427.4M | $479.0M | $323.5M | $391.0M | $213.5M | $194.1M | $398.3M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | $300.0M | $206.9M |
| Business Acquisitions | — | — | — | — | — | — | $0 | $10.0M |
| Net Cash from Investing Activities | $-568.3M | $-569.1M | $-538.6M | $-590.6M | $-622.1M | $-994.0M | $-287.4M | $-373.1M |
| Financing Activities | ||||||||
| Dividends Paid | $180.1M | $165.1M | $151.0M | $127.7M | $117.0M | $117.8M | $104.1M | $95.8M |
| Stock Repurchases | — | — | $0 | $0 | $27.2M | $0 | $0 | $0 |
| Net Cash from Financing Activities | $102.0M | $141.8M | $59.7M | $262.5M | $117.8M | $895.9M | $95.6M | $-26.0M |
| Net Change in Cash | $37.0K | $95.0K | $65.0K | $-4.6M | $-113.4M | $115.4M | $2.4M | $-768.0K |
| Free Cash Flow | — | — | — | — | — | — | $-105.9M | $191.4M |