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PJT Partners Inc. cash flow statement

In fiscal 2025, PJT Partners Inc.'s operations generated $526m of cash; it spent $45.9m on capital projects, leaving free cash flow of $480m. It returned $24.5m in dividends and $195m through buybacks.

Cash flow statement

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

Fiscal year2013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations5050112117111123211469124243442531526713
Depreciation and amortisation9815148101415161514131315
Stock-based pay79663989116118112121109166179209234237
Capital spending——3513179963434651
Free cash flow——78104110116202461118239438528480662
Free cash flow after stock pay——3915−6−291340974259318246425
Dividends paid———44455782524242525
Share buybacks————2654849103109117235195119

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 PJT Partners Inc.'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 PJT Partners Inc.