Legence (LGN) Cash Flow: Operating & Free Cash Flow

Legence 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 Legence Corp. (LGN) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022
Operating Activities
Net Income	-59.78	-27.64	-46.03	-82.27
Depreciation & Amortization	114.29	110.85	92.80	93.02
Deferred Income Tax	18.20	-13.70	-13.34	4.05
Stock Based Compensation	67.55	5.41	10.05	5.19
Change in Working Capital	76.93	-83.28	-60.95	-35.19
Change in Accounts Receivable	-201.26	-33.04	-104.66	-97.16
Change in Accounts Payable	117.91	10.70	-5.02	17.28
Change in Other Working Capital	22.92	21.89	-5.29	18.77
Other Operating Activities	22.92	21.89	38.04	18.77
Net Cash from Operating Activities	256.87	29.27	33.92	27.00
Investing Activities
Capital Expenditures	-37.94	-19.01	-17.07	-26.31
Acquisitions	-16.50	-225.25	-119.88	-134.15
Purchases of Investments	0.00	0.00	2.70	-
Other Investing Activities	0.39	0.27	2.70	-
Net Cash from Investing Activities	-54.05	-243.99	-133.90	-160.38
Financing Activities
Debt Repayment	-863.94	-22.63	-14.60	-31.47
Common Stock Issued	780.24	0.40	0.55	41.73
Dividends Paid	0.00	-301.61	-1.53	-0.27
Other Financing Activities	-29.77	-33.80	-9.02	-5.88
Net Cash from Financing Activities	-53.83	206.96	128.47	173.81
Summary
Net Change in Cash	149.00	-7.75	28.49	40.43
Cash at Beginning of Period	81.17	88.92	60.43	20.01
Cash at End of Period	230.17	81.17	88.92	60.43
Free Cash Flow	218.93	10.26	16.84	0.68
Supplemental Disclosures
Interest Paid	-	85.66	61.79	44.65
Income Taxes Paid	-	17.50	10.16	0.64

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

Frequently Asked Questions About Legence Cash Flow

What is Legence's free cash flow?

Legence generated free cash flow of $218.93M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $256.87M minus $37.94M of capital expenditures. That was up 2033.8% from $10.26M a year earlier. Free cash flow equaled 8.6% of revenue.

How much does Legence spend on capital expenditures?

Legence spent $37.94M on capital expenditures in fiscal 2025, compared with $19.01M a year earlier. That equals 14.8% of operating cash flow.

Does Legence pay dividends or buy back shares?

Legence's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

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