Firstservice Corp cash flow statement

In fiscal 2025, Firstservice Corp's operations generated $446m of cash; it spent $128m on capital projects, leaving free cash flow of $318m. It returned $48.9m in dividends.

Cash flow statement

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

Firstservice Corp: cash flow statement, annual
Fiscal year	2013Dec 2013	2014Dec 2014	2015Dec 2015	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025
Cash from operations	34	45	87	109	116	99	108	292	167	106	280	286	446
Depreciation and amortisation	39	26	29	37	42	53	80	98	99	110	128	165	185
Stock-based pay	—	—	—	—	—	—	252	—	—	—	21	25	27
Capital spending	17	22	20	29	36	41	47	39	58	78	93	113	128
Free cash flow	18	23	67	80	79	59	61	252	109	28	188	173	318
Free cash flow after stock pay	—	—	—	—	—	—	−190	—	—	—	166	148	291
Dividends paid	—	—	7	15	17	19	22	27	31	35	39	44	49
Share buybacks	—	—	19	10	17	9	—	—	—	—	—	—	—
Shares issued	—	—	—	—	—	—	192	150	0	—	—	—	—

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 Firstservice Corp's SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Firstservice Corp.