Star Bulk Carriers Corp. cash flow statement

In fiscal 2025, Star Bulk Carriers Corp.'s operations generated $296m of cash; it spent $84.0m on capital projects, leaving free cash flow of $212m. It returned $34.4m in dividends and $98.1m through buybacks.

Cash flow statement

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

Star Bulk Carriers Corp.: cash flow statement, annual
Fiscal year	2009Dec 2009	2010Dec 2010	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	66	88	51	19	27	13	−15	−33	83	169	89	171	767	770	336	471	296
Depreciation and amortisation	58	47	50	33	16	37	82	82	83	103	124	142	153	157	138	164	168
Stock-based pay	2	7	1	2	1	6	3	4	9	8	8	5	10	28	21	18	18
Capital spending	0	88	96	0	128	518	474	396	144	329	347	72	130	25	18	55	84
Free cash flow	66	0	−46	19	−100	−506	−488	−429	−61	−160	−259	98	637	744	318	416	212
Free cash flow after stock pay	64	−6	−47	17	−102	−511	−491	−434	−70	−168	−267	94	627	716	297	398	194
Dividends paid	6	12	14	4	0	0	—	—	0	0	5	5	230	668	158	277	34
Share buybacks	—	0	0	1	0	0	—	0	0	3	21	0	10	20	393	25	98
Shares issued	0	0	29	0	151	0	419	51	51	0	0	0	0	20	13	0	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 Star Bulk Carriers Corp.'s SEC filings (10-K and 10-Q). How we read and check them: methodology and data sources. Not investment advice. Back to Star Bulk Carriers Corp.