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Piper Sandler Companies cash flow statement

In fiscal 2025, Piper Sandler Companies's operations generated $587m of cash; it spent $0 on capital projects, leaving free cash flow of $587m. It returned $114m in dividends and $125m through buybacks.

Cash flow statement

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

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations−116−26205−21242−50380−320351068780707−225276313587506
Depreciation and amortisation7777655678911131618171719
Stock-based pay413123212229495640443212217113194103124127
Capital spending4128250000000000000
Free cash flow−120−38198−21437−50380−320351068780707−225276313587506
Free cash flow after stock pay−161−69175−23515−79331−5916346636658536−356182210463379
Dividends paid——————0019473628991088474114141
Share buybacks2858274771111337125715122701877166125124

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 Piper Sandler Companies's SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Piper Sandler Companies.