Arko (ARKO) Cash Flow: Operating & Free Cash Flow

Arko (ARKO) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Arko generated $192.59M of operating cash flow and spent $127.37M on capital expenditures. That left free cash flow of $65.22M, down 39.6% from $107.94M a year earlier, or 0.9% of revenue. It returned $47.34M to shareholders through $19.37M in dividends and $27.96M in share buybacks.

Arko Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Arko Corp. (ARKO) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	22.74	20.85	34.57	71.98	59.43	13.71	-47.16	23.46	-5.82
Depreciation & Amortization	0.87	132.41	127.60	101.75	97.19	75.76	62.40	53.81	38.19
Deferred Income Tax	-0.40	-12.80	-4.68	22.30	4.85	-4.75	4.30	-9.78	-6.10
Stock Based Compensation	1.30	9.66	15.02	12.16	5.80	1.89	0.52	0.49	0.76
Change in Working Capital	41.66	76.34	-46.73	-5.53	-20.10	55.22	13.38	25.38	-12.74
Change in Accounts Receivable	7.75	38.06	-17.94	-50.23	-16.00	-24.01	-1.69	6.45	-8.36
Change in Inventory	40.63	22.69	-2.01	-6.85	-21.82	6.62	-7.30	-7.35	-6.96
Change in Accounts Payable	-33.98	-24.17	-6.17	31.65	16.81	26.89	8.83	6.31	6.12
Change in Other Working Capital	27.26	-1.17	-20.61	19.90	-6.96	45.72	13.54	19.97	-3.55
Other Operating Activities	126.41	-1.17	10.33	6.60	16.87	18.45	9.86	-34.86	99.55
Net Cash from Operating Activities	192.59	221.86	136.09	209.26	159.19	173.84	43.30	58.50	27.51
Investing Activities
Capital Expenditures	-127.37	-113.91	-111.21	-98.77	-226.21	-44.65	-58.26	-51.62	-39.23
Acquisitions	-0.24	-54.55	-495.87	-423.73	-203.07	-363.99	-33.59	-71.37	1.55
Purchases of Investments	0.00	0.00	0.00	0.00	-27.11	-0.19	-0.17	-0.19	-0.05
Sales/Maturities of Investments	0.00	0.00	0.00	59.11	-0.25	-0.03	0.17	0.00	0.00
Other Investing Activities	7.74	0.06	310.21	287.90	-27.11	1.11	18.81	18.34	-16.64
Net Cash from Investing Activities	-119.79	-114.86	-296.82	-175.49	-171.78	-407.55	-73.04	-104.65	-54.37
Financing Activities
Debt Repayment	9.03	-31.30	152.39	18.41	-531.83	-156.94	57.85	54.56	8.29
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	69.33	0.00	0.00	22.75
Common Stock Repurchased	-27.96	-31.99	-33.69	-40.04	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-19.37	-19.77	-20.02	-16.64	-5.89	0.00	0.00	0.00	0.00
Other Financing Activities	-3.21	-20.51	-13.31	48.84	-8.84	-88.43	-26.15	-8.72	-5.98
Net Cash from Financing Activities	-41.51	-56.00	85.36	10.56	-26.38	491.05	31.69	45.84	22.44
Summary
Effect of Forex Changes on Cash	0.03	-0.01	0.02	-0.10	-1.46	2.88	1.26	-1.40	-3.35
Net Change in Cash	31.31	51.00	-75.35	44.23	-40.43	260.21	3.21	-1.71	-5.64
Cash at Beginning of Period	292.41	241.42	316.77	272.54	312.98	52.76	49.55	51.26	40.72
Cash at End of Period	323.71	292.41	241.42	316.77	272.54	312.98	52.76	49.55	35.09
Free Cash Flow	65.22	107.94	24.89	110.49	-67.01	129.20	-14.96	6.88	-11.72
Supplemental Disclosures
Interest Paid	-	92.10	82.48	57.65	51.50	40.03	-	-	-
Income Taxes Paid	-	9.66	28.62	6.46	14.69	-0.69	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Arko Cash Flow

What is Arko's free cash flow?

Arko generated free cash flow of $65.22M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $192.59M minus $127.37M of capital expenditures. That was down 39.6% from $107.94M a year earlier. Free cash flow equaled 0.9% of revenue.

How much does Arko spend on capital expenditures?

Arko spent $127.37M on capital expenditures in fiscal 2025, compared with $113.91M a year earlier. That equals 66.1% of operating cash flow.

Does Arko pay dividends or buy back shares?

Yes. In fiscal 2025 Arko returned $19.37M in dividends and $27.96M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition