Algonquin Power & Utilities Corp. cash flow statement

In fiscal 2025, Algonquin Power & Utilities Corp.'s operations generated $594m of cash; it spent $772m on capital projects, leaving free cash flow of −$178m. It returned $201m in dividends.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Algonquin Power & Utilities Corp.: cash flow statement, annual
Fiscal year	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	327	530	611	505	157	619	628	482	594
Depreciation and amortisation	251	261	284	314	403	456	354	396	400
Stock-based pay	8	7	11	25	8	11	10	18	13
Capital spending	565	466	581	786	1,345	1,089	1,026	872	772
Free cash flow	−239	64	30	−281	−1,188	−470	−398	−391	−178
Free cash flow after stock pay	−247	56	19	−305	−1,196	−481	−409	−409	−191
Dividends paid	128	166	196	254	307	379	322	285	201

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from Algonquin Power & Utilities Corp.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Algonquin Power & Utilities Corp.