UNITIL CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $50.2M | $47.1M | $45.2M | $41.4M | $36.1M | $32.2M | $44.2M | $33.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $131.3M | $125.9M | $107.0M | $97.7M | $107.8M | $75.7M | $104.9M | $78.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $185.1M | $169.9M | $141.0M | $122.1M | $115.0M | $122.6M | $119.2M | $102.4M |
| Business Acquisitions | $160.4M | $0 | $0 | — | — | — | — | — |
| Net Cash from Investing Activities | $-345.5M | $-169.9M | $-141.0M | $-122.1M | $-115.0M | $-122.6M | $-105.8M | $-102.4M |
| Financing Activities | ||||||||
| Dividends Paid | $30.1M | $27.5M | $26.2M | $25.1M | $23.6M | $22.6M | $22.1M | $21.8M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $223.5M | $43.8M | $31.5M | $26.9M | $7.7M | $47.7M | $-1.7M | $22.8M |
| Net Change in Cash | $9.3M | $-200.0K | $-2.5M | $2.5M | $500.0K | $800.0K | $-2.6M | $-1.1M |
| Free Cash Flow | $-53.8M | $-44.0M | $-34.0M | $-24.4M | $-7.2M | $-46.9M | $-14.3M | $-23.9M |