PJT Partners Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $180.1M | $134.4M | $81.8M | $90.5M | $106.2M | $117.5M | $29.6M | $27.2M |
| Depreciation & Amortization | $13.3M | $12.8M | $14.0M | $15.5M | $15.8M | $15.1M | $14.5M | $10.0M |
| Depreciation | $7.8M | $7.7M | $9.1M | $9.0M | $8.0M | $7.3M | $6.8M | $6.2M |
| Amortization | $5.6M | $5.1M | $4.9M | $6.5M | $7.6M | $7.8M | $7.7M | $3.7M |
| Stock-Based Compensation | $234.3M | $209.2M | $178.5M | $165.5M | $108.9M | $120.9M | $111.6M | $118.0M |
| Net Cash from Operating Activities | $526.3M | $531.0M | $441.5M | $242.7M | $124.2M | $469.4M | $211.3M | $122.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $45.9M | $3.3M | $3.9M | $3.4M | $6.5M | $8.9M | $8.8M | $7.2M |
| Business Acquisitions | $0 | $10.7M | $0 | $0 | — | — | — | $61.5M |
| Net Cash from Investing Activities | $-28.5M | $8.1M | $-34.3M | $-53.2M | $131.3M | $-145.8M | $-1.7M | $-31.5M |
| Financing Activities | ||||||||
| Dividends Paid | $24.5M | $24.1M | $24.4M | $24.6M | $78.0M | $4.8M | $4.6M | $4.3M |
| Stock Repurchases | $195.2M | $235.1M | $116.7M | $109.5M | $103.3M | $48.7M | $47.8M | $64.9M |
| Net Cash from Financing Activities | $-453.8M | $-408.7M | $-228.1M | $-210.0M | $-353.4M | $-244.3M | $-101.1M | $-130.7M |
| Net Change in Cash | $55.0M | $128.3M | $182.3M | $-27.2M | $-99.0M | $83.6M | $109.8M | $-39.5M |
| Free Cash Flow | $480.4M | $527.7M | $437.6M | $239.3M | $117.7M | $460.6M | $202.4M | $115.7M |