United Bankshares Inc cash flow statement
In fiscal 2025, United Bankshares Inc's operations generated $499m of cash; it spent $17.7m on capital projects, leaving free cash flow of $481m. It returned $209m in dividends and $127m through buybacks.
Cash flow statement
| 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 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 54 | 101 | 119 | 129 | 142 | 153 | 175 | 171 | 254 | 294 | 152 | 140 | 610 | 761 | 435 | 445 | 499 | 556 |
| Depreciation and amortisation | 7 | 7 | 7 | 10 | 12 | 2 | 1 | −9 | −22 | −21 | −21 | 13 | 17 | 18 | 17 | 16 | 17 | — |
| Stock-based pay | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 3 | 4 | 4 | 5 | 6 | 8 | 10 | 12 | 12 | 13 | 14 |
| Capital spending | 5 | 3 | 8 | 5 | 6 | 9 | 5 | 7 | 14 | 6 | 11 | 19 | 15 | 17 | 12 | 12 | 18 | 22 |
| Free cash flow | 49 | 98 | 111 | 124 | 136 | 144 | 170 | 163 | 240 | 288 | 141 | 121 | 594 | 744 | 424 | 433 | 481 | 534 |
| Free cash flow after stock pay | 48 | 97 | 109 | 122 | 134 | 141 | 167 | 161 | 236 | 284 | 136 | 115 | 586 | 734 | 411 | 421 | 468 | 520 |
| Dividends paid | 50 | 52 | 54 | 62 | 62 | 82 | 89 | 96 | 121 | 142 | 139 | 163 | 181 | 193 | 195 | 201 | 209 | 212 |
| Share buybacks | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 101 | 36 | 21 | 11 | 79 | 1 | 1 | 127 | 210 |
| Shares issued | — | — | — | — | — | 0 | 0 | 200 | 0 | 0 | — | — | — | — | — | — | — | — |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 124 | 136 | 120 | 89 | 151 | 139 | 161 | 105 |
| Stock-based pay | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 4 |
| Capital spending | 2 | 3 | 4 | 4 | 4 | 5 | 5 | 7 |
| Free cash flow | 122 | 133 | 116 | 85 | 146 | 133 | 156 | 98 |
| Free cash flow after stock pay | 119 | 131 | 113 | 82 | 143 | 130 | 153 | 94 |
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