UGI CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $678.0M | $269.0M | $-1.50B | $1.07B | $1.47B | $532.0M | $256.0M | $719.0M |
| Depreciation & Amortization | $561.0M | $551.0M | $532.0M | $518.0M | $502.0M | $484.0M | $448.0M | $455.0M |
| Depreciation | $507.0M | $496.0M | $476.0M | $460.0M | $437.0M | $416.0M | $389.0M | $397.0M |
| Amortization | $54.0M | $55.0M | $56.0M | $61.0M | $76.0M | $83.0M | $59.0M | $58.0M |
| Stock-Based Compensation | $18.0M | $8.0M | $17.0M | $15.0M | $21.0M | $15.0M | $18.0M | $23.0M |
| Net Cash from Operating Activities | $1.23B | $1.18B | $1.11B | $716.0M | $1.48B | $1.10B | $1.08B | $1.09B |
| Investing Activities | ||||||||
| Capital Expenditures | $837.0M | $796.0M | $974.0M | $804.0M | $690.0M | $655.0M | $705.0M | $574.0M |
| Business Acquisitions | $0 | $0 | $9.0M | $242.0M | $397.0M | $16.0M | $1.36B | $187.0M |
| Net Cash from Investing Activities | $-699.0M | $-792.0M | $-1.08B | $-1.01B | $-1.11B | $-649.0M | $-2.06B | $-749.0M |
| Financing Activities | ||||||||
| Dividends Paid | $322.0M | $318.0M | $308.0M | $296.0M | $282.0M | $273.0M | $200.0M | $177.0M |
| Stock Repurchases | $33.0M | $0 | $22.0M | $38.0M | $0 | $38.0M | $17.0M | $60.0M |
| Net Cash from Financing Activities | $-406.0M | $-506.0M | $-168.0M | $-51.0M | $166.0M | $-635.0M | $1.04B | $-438.0M |
| Net Change in Cash | $127.0M | $-112.0M | $-129.0M | $-408.0M | $520.0M | $-154.0M | $49.0M | $-105.8M |
| Free Cash Flow | $390.0M | $386.0M | $133.0M | $-88.0M | $791.0M | $447.0M | $373.0M | $511.0M |