Kenon Holdings Ltd. cash flow statement

In fiscal 2025, Kenon Holdings Ltd.'s operations generated $284m of cash; it spent $116m on capital projects, leaving free cash flow of $167m. It returned $268m in dividends.

Cash flow statement

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

Kenon Holdings Ltd.: cash flow statement, annual
Fiscal year	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	290	162	392	52	85	92	241	771	277	265	284
Depreciation and amortisation	25	27	30	30	31	33	53	57	78	86	67
Stock-based pay	1	1	1	2	2	1	18	19	−2	10	43
Capital spending	516	281	228	69	34	74	240	281	332	341	116
Free cash flow	−226	−119	164	−17	51	18	1	490	−55	−76	167
Free cash flow after stock pay	−227	−119	163	−19	50	17	−18	471	−54	−85	124
Dividends paid	—	—	—	100	65	120	100	741	150	201	268

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 Kenon Holdings Ltd.'s SEC filings (10-K and 10-Q), retrieved November 1, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Kenon Holdings Ltd.