Willscot Holdings Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-53.0M | $28.1M | $476.5M | $339.5M | $160.1M | $74.0M | $-11.1M | $-25.2M |
| Depreciation & Amortization | $96.1M | $82.8M | $72.9M | $62.4M | $315.6M | $243.8M | $187.1M | $134.7M |
| Depreciation | — | — | — | — | — | — | $11.4M | $12.2M |
| Amortization | $45.8M | $38.5M | $25.8M | $23.8M | $24.3M | $12.1M | $1.0M | $1.4M |
| Stock-Based Compensation | $38.4M | $36.0M | $34.5M | $29.6M | $26.2M | $9.9M | $6.7M | $3.4M |
| Net Cash from Operating Activities | $762.0M | $561.6M | $761.2M | $744.7M | $539.9M | $304.8M | $172.6M | $37.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $24.3M | $18.4M | $22.2M | $43.7M | $30.5M | $16.5M | $8.3M | $4.6M |
| Business Acquisitions | $144.7M | $121.2M | $561.6M | $220.6M | $147.2M | $-17.2M | $0 | $1.08B |
| Net Cash from Investing Activities | $-417.5M | $-362.3M | $-350.0M | $-309.3M | $-384.0M | $-125.4M | $-152.6M | $-1.22B |
| Financing Activities | ||||||||
| Dividends Paid | $51.1M | $0 | $0 | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-340.5M | $-200.1M | $-418.9M | $-429.4M | $-167.9M | $-159.0M | $-26.1M | $1.18B |
| Net Change in Cash | $5.6M | $-2.0M | $-6.8M | $5.1M | $-12.2M | $21.9M | $-5.9M | $-227.0K |
| Free Cash Flow | $737.7M | $543.2M | $739.0M | $701.0M | $509.4M | $288.4M | $164.2M | $32.5M |