Toro Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | $5.9M | $25.2M | $140.6M | $49.9M | $-1.4M |
| Depreciation & Amortization | $4.9M | $4.9M | $3.4M | $1.4M | $3.8M |
| Depreciation | — | — | — | — | — |
| Amortization | — | — | — | — | — |
| Stock-Based Compensation | $3.6M | $5.3M | $1.3M | $0 | $0 |
| Net Cash from Operating Activities | $-6.3M | $10.8M | $56.1M | $41.5M | $-4.4M |
| Investing Activities | |||||
| Capital Expenditures | $66.8M | $119.3K | $72.2M | $295.7K | $111.3M |
| Business Acquisitions | — | — | — | — | — |
| Net Cash from Investing Activities | — | — | $50.7M | $11.8M | $-111.3M |
| Financing Activities | |||||
| Dividends Paid | — | — | — | — | — |
| Stock Repurchases | $0 | $3.7M | $1.0M | $0 | $0 |
| Net Cash from Financing Activities | — | — | $6.3M | $-16.5M | $121.4M |
| Net Change in Cash | $50.2M | $-118.4M | $113.1M | $36.8M | $5.7M |
| Free Cash Flow | $-73.1M | $10.7M | $-16.1M | $41.2M | $-115.7M |