Primoris Services Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $274.9M | $180.9M | $126.1M | $133.0M | $115.7M | $105.0M | $82.3M | $77.5M |
| Depreciation & Amortization | $91.9M | $95.5M | $107.0M | $99.2M | $105.6M | $82.5M | $85.4M | $79.3M |
| Depreciation | $74.2M | $75.9M | $85.2M | $78.2M | $87.2M | $73.7M | $74.0M | $67.9M |
| Amortization | $17.7M | $19.6M | $21.8M | $20.9M | $18.3M | $8.8M | $11.4M | $11.3M |
| Stock-Based Compensation | $20.6M | $15.1M | $11.8M | $7.4M | $10.5M | $2.3M | $1.6M | $1.3M |
| Net Cash from Operating Activities | $470.4M | $508.3M | $198.5M | $83.3M | $79.7M | $313.0M | $118.9M | $126.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $129.9M | $126.5M | $103.0M | $94.7M | $133.8M | $64.4M | $94.5M | $110.2M |
| Business Acquisitions | — | — | $-9.3M | $478.4M | $607.0M | — | — | $110.6M |
| Net Cash from Investing Activities | $-93.9M | $-27.2M | $-30.0M | $-481.9M | $-691.3M | $-42.5M | $-65.9M | $-209.2M |
| Financing Activities | ||||||||
| Dividends Paid | $17.3M | $12.9M | $12.8M | $12.8M | $12.6M | $11.6M | $12.2M | $12.3M |
| Stock Repurchases | — | — | — | $6.0M | $14.7M | $11.5M | — | $20.0M |
| Net Cash from Financing Activities | $-296.3M | $-244.4M | $-205.3M | $452.0M | $485.7M | $-62.8M | $-83.3M | $63.9M |
| Net Change in Cash | $79.9M | $237.9M | $-35.5M | $53.3M | $-125.3M | $207.5M | $-29.8M | $-19.3M |
| Free Cash Flow | $340.5M | $381.8M | $95.5M | $-11.3M | $-54.1M | $248.6M | $24.5M | $16.6M |