STEWART INFORMATION SERVICES CORP
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $115.5M | $73.3M | $30.4M | $162.3M | $323.2M | $154.9M | $78.6M | $47.5M |
| Depreciation & Amortization | $61.1M | $61.6M | $62.4M | $57.2M | $36.4M | $19.2M | $22.5M | $24.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $31.9M | $32.1M | $34.6M | $33.0M | $19.2M | $5.1M | $4.2M | $4.6M |
| Stock-Based Compensation | $17.1M | $13.6M | $10.9M | $12.3M | $12.0M | $5.8M | $2.1M | $4.8M |
| Net Cash from Operating Activities | $205.7M | $135.6M | $83.0M | $191.9M | $390.3M | $275.8M | $166.4M | $84.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $73.4M | $40.5M | $37.8M | $47.9M | $39.8M | $15.0M | $17.1M | $10.7M |
| Business Acquisitions | $370.0M | $14.4M | $25.1M | $142.9M | $600.0M | $199.5M | $0 | $18.7M |
| Net Cash from Investing Activities | $-368.6M | $-87.3M | $-30.0M | $-300.7M | $-645.3M | $-231.4M | $7.0M | $9.4M |
| Financing Activities | ||||||||
| Dividends Paid | $58.5M | $53.9M | $50.5M | $44.7M | $36.6M | $30.2M | $28.3M | $28.3M |
| Stock Repurchases | $3.9M | $3.8M | $1.8M | $3.3M | $2.3M | $1.1M | $532.0K | $1.2M |
| Net Cash from Financing Activities | $265.2M | $-61.0M | $-69.1M | $-123.2M | $310.4M | $54.3M | $-37.8M | $-47.8M |
| Net Change in Cash | $105.5M | $-17.1M | $-15.0M | $-237.6M | $53.2M | $102.1M | $138.5M | $42.0M |
| Free Cash Flow | $132.3M | $95.1M | $45.3M | $143.9M | $350.5M | $260.8M | $149.3M | $73.5M |