STIFEL FINANCIAL CORP
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $683.8M | $731.4M | $522.5M | $662.2M | $824.9M | $503.5M | $448.4M | $394.0M |
| Depreciation & Amortization | $61.1M | $62.4M | $60.5M | $50.6M | $45.6M | $40.9M | $38.4M | $27.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $34.1M | $23.6M | $20.9M | $19.6M | $18.2M | $19.6M | $16.0M | $12.6M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $1.12B | $490.4M | $499.3M | $1.16B | $872.1M | $1.66B | $626.9M | $529.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $62.1M | $73.8M | $52.0M | $82.3M | $188.2M | $73.4M | $157.9M | $108.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.61B | $-2.31B | $1.04B | $-4.32B | $-6.97B | $-1.69B | $-350.3M | $-989.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $245.0M | $144.1M | $443.9M | $105.8M | $172.7M | $58.3M | $215.4M | $170.2M |
| Net Cash from Financing Activities | $91.2M | $980.1M | $-254.6M | $3.19B | $5.79B | $1.20B | $-1.08B | $1.75B |
| Net Change in Cash | $-395.4M | $-845.6M | $1.29B | $79.3M | $-302.5M | $1.18B | $-795.4M | $1.28B |
| Free Cash Flow | $1.05B | $416.6M | $447.4M | $1.08B | $683.9M | $1.59B | $469.0M | $421.3M |