SOLV Energy Cash Flow Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022
Net Income	123.1	9.59	-107.27	-120.73
Depreciation & Amortization	83.59	84.37	81.28	87.82
Other Amortization	4.2	4.79	3.85	3.41
Loss (Gain) From Sale of Assets	-0.15	0.22	-	-
Loss (Gain) From Sale of Investments	-	-0.75	-1.8	-
Stock-Based Compensation	5.59	8.61	2.38	2.44
Provision & Write-off of Bad Debts	0.19	-2.64	2.23	0.75
Other Operating Activities	3.48	2.83	0.22	0.99
Change in Accounts Receivable	-88.69	85.38	108.99	-11.8
Change in Accounts Payable	80.88	-101.5	-92.7	283.44
Change in Unearned Revenue	117.17	22.57	79.51	-211.83
Change in Other Net Operating Assets	-64.73	4.15	-26.38	49.44
Operating Cash Flow	271.58	117.61	50.29	83.93
Operating Cash Flow Growth	-	133.86%	-40.08%	-
Capital Expenditures	-16.27	-8.57	-14.4	-27.26
Sale of Property, Plant & Equipment	-	0.3	-	-
Investment in Securities	-	-	0.55	-0.82
Investing Cash Flow	-71.34	-8.27	-13.86	-28.07
Long-Term Debt Issued	-	97.25	151.6	28
Long-Term Debt Repaid	-	-123.64	-154.53	-19.73
Net Debt Issued (Repaid)	10.88	-26.39	-2.93	8.27
Issuance of Common Stock	-	-	-	15.02
Common Dividends Paid	-91.2	-10.53	-	-
Other Financing Activities	-9.27	-42.46	-31.95	-10.16
Financing Cash Flow	-89.6	-79.37	-34.88	13.13
Net Cash Flow	110.65	29.97	1.56	68.99
Free Cash Flow	255.32	109.04	35.89	56.67
Free Cash Flow Growth	-	203.84%	-36.68%	-
Free Cash Flow Margin	11.82%	5.83%	1.70%	2.43%
Cash Interest Paid	40.17	42.68	53.74	35.47
Cash Income Tax Paid	1.34	0.6	0.2	0.01
Levered Free Cash Flow	-	64.71	-	-
Unlevered Free Cash Flow	-	94.94	-	-
Change in Working Capital	44.62	10.59	69.42	109.24

Source: S&P Capital IQ. Standard template. Financial Sources.