Navigator Holdings Ltd. cash flow statement

In fiscal 2025, Navigator Holdings Ltd.'s operations generated $202m of cash; it spent $85.0m on capital projects, leaving free cash flow of $117m. It returned $14.8m in dividends.

Cash flow statement

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

Navigator Holdings Ltd.: cash flow statement, annual
Fiscal year	2011Dec 2011	2012Dec 2012	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	45	55	80	133	150	87	76	78	50	45	98	130	174	211	202
Depreciation and amortisation	19	24	37	46	53	62	74	76	76	77	88	126	129	133	134
Stock-based pay	1	1	1	1	2	2	1	1	2	1	1	1	1	1	2
Capital spending	0	147	426	4	3	2	2	1	0	—	—	46	192	0	85
Free cash flow	45	−92	−346	130	146	85	74	77	49	—	—	85	−17	211	117
Free cash flow after stock pay	44	−93	−347	128	145	83	73	76	48	—	—	84	−19	209	115
Dividends paid	10	2	—	—	—	—	—	—	—	—	0	0	7	14	15
Shares issued	16	47	247	—	—	—	—	—	—	—	—	—	—	—	—

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