WEX Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $304.1M | $309.6M | $266.6M | $167.2M | $135.3M | $-284.0M | $156.3M | $168.3M |
| Depreciation & Amortization | $331.1M | $321.3M | $276.2M | $263.9M | $272.6M | $261.9M | $237.1M | $199.8M |
| Depreciation | $139.2M | $119.5M | $92.2M | $93.4M | $90.9M | $90.8M | $77.7M | $61.6M |
| Amortization | $191.9M | $201.8M | $184.0M | $170.5M | $181.7M | $171.1M | $159.4M | $138.2M |
| Stock-Based Compensation | $100.3M | $112.2M | $127.0M | $97.9M | $74.8M | $63.9M | $45.8M | $33.9M |
| Net Cash from Operating Activities | $454.3M | $481.4M | $907.9M | $679.4M | $-42.6M | $736.8M | $663.2M | $400.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $140.6M | $147.3M | $143.6M | $112.9M | $86.0M | $80.5M | $102.9M | $87.2M |
| Business Acquisitions | $0 | $900.0K | $402.0M | $0 | $558.8M | $220.7M | $882.4M | $162.8M |
| Net Cash from Investing Activities | $-696.9M | $-960.6M | $-2.14B | $-716.7M | $-1.60B | $-329.1M | $-990.6M | $-254.2M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $799.8M | $652.0M | $303.4M | $282.8M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $418.9M | $-260.3M | $1.57B | $681.3M | $1.60B | $-59.0M | $749.8M | $-102.7M |
| Net Change in Cash | $241.4M | $-793.0M | $370.3M | $602.9M | $-72.8M | $348.3M | $426.4M | $32.6M |
| Free Cash Flow | $313.7M | $334.1M | $764.3M | $566.5M | $-128.6M | $656.3M | $560.3M | $313.1M |