Piper Sandler Companies
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $281.3M | $181.1M | $85.5M | $110.7M | $278.5M | $40.5M | $111.7M | $57.0M |
| Depreciation & Amortization | $17.4M | $16.8M | $17.9M | $15.6M | $12.6M | $10.7M | $9.3M | $8.1M |
| Depreciation | $17.4M | $16.8M | $17.9M | $15.6M | $12.6M | $10.7M | $9.4M | $8.4M |
| Amortization | $10.0M | $10.3M | $19.4M | $15.4M | $30.1M | $44.7M | $4.3M | $4.9M |
| Stock-Based Compensation | $123.9M | $103.4M | $93.8M | $131.2M | $171.4M | $121.7M | $32.0M | $44.3M |
| Net Cash from Operating Activities | $586.6M | $313.3M | $275.6M | $-224.9M | $707.1M | $779.8M | $67.8M | $509.8M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | — |
| Business Acquisitions | $9.0M | $16.3M | $0 | $96.5M | $0 | $417.4M | $19.7M | $0 |
| Net Cash from Investing Activities | $-43.7M | $-31.8M | $-10.1M | $-127.1M | $-20.6M | $-435.0M | $26.7M | $-15.8M |
| Financing Activities | ||||||||
| Dividends Paid | $114.1M | $73.7M | $84.4M | $107.5M | $99.4M | $28.2M | $35.6M | $47.2M |
| Stock Repurchases | $125.0M | $66.4M | $70.7M | $187.3M | $69.9M | $22.0M | $50.6M | $70.9M |
| Net Cash from Financing Activities | $-218.7M | $-180.6M | $-249.6M | $-250.1M | $-223.1M | $-87.6M | $104.7M | $-476.8M |
| Net Change in Cash | $326.6M | $99.7M | $17.5M | $-605.3M | $463.0M | $257.9M | $199.7M | $16.6M |
| Free Cash Flow | — | — | — | — | — | — | — | — |