What is a cash flow statement?

A cash flow statement tracks the actual cash moving in and out of a company during a period. It's divided into three sections: operating activities (core business), investing activities (assets and investments), and financing activities (debt and equity). Unlike the income statement, it shows real cash rather than accounting profits.

What is operating cash flow?

Operating cash flow is the cash generated from a company's core business operations. It adjusts net income for non-cash items like depreciation and changes in working capital. Strong operating cash flow indicates the business can fund operations without external financing.

What is free cash flow (FCF)?

Free cash flow is operating cash flow minus capital expenditures. It represents the cash available for dividends, share buybacks, debt repayment, or reinvestment. FCF is considered one of the most important metrics for evaluating a company's financial health.

What are capital expenditures?

Capital expenditures (CapEx) are funds spent on acquiring or maintaining physical assets like property, equipment, and technology. CapEx appears in the investing activities section and is subtracted from operating cash flow to calculate free cash flow.

How is RJET's cash generation trending?

Review Republic Airways Holdings's operating cash flow and free cash flow figures in the quarterly and annual data above. Consistent growth in operating cash flow relative to net income indicates high-quality earnings.

Republic Airways Holdings (RJET) Cash Flow: Operating & Free Cash Flow

Republic Airways Holdings Cash Flow Statement Analysis

Operating, investing, and financing activities in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Republic Airways Holdings Inc. (RJET) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2024	FY 2023	FY 2023	FY 2022	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017	FY 2015	FY 2014
Period Ending	Dec 2025	Mar 2025	Dec 2024	Dec 2023	Sep 2023	Dec 2022	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017	Dec 2015	Dec 2014
Operating Activities
Net Income	76.20	64.60	64.60	54.80	-120.12	0.00	-182.68	16.59	27.46	47.58	33.26	32.83	-27.10	64.30
Depreciation & Amortization	126.30	117.00	117.00	159.40	60.36	149.70	81.51	82.85	82.30	77.99	65.03	61.05	207.40	186.50
Deferred Income Tax	33.90	17.20	17.20	29.30	0.00	19.60	19.60	5.67	9.23	15.50	-17.87	20.52	0.00	0.00
Stock Based Compensation	20.20	0.00	1.00	0.00	2.28	0.00	2.76	0.00	0.00	0.00	0.00	0.00	4.00	4.60
Change in Working Capital	59.50	20.50	20.50	84.10	84.10	-60.00	-60.00	4.79	36.02	-2.07	16.41	-33.88	11.40	15.70
Change in Accounts Receivable	-7.50	-21.60	-10.90	55.30	-4.28	0.00	-0.81	10.55	9.37	-9.28	-5.44	0.53	-36.50	26.00
Change in Inventory	0.40	-2.10	-2.10	4.60	-2.53	-4.30	-2.88	-1.87	-1.53	-6.31	-0.74	-3.38	-0.40	6.90
Change in Accounts Payable	20.00	24.20	24.20	32.00	0.50	3.70	-2.77	7.86	3.42	12.12	2.43	-17.34	31.60	-13.00
Change in Other Working Capital	5.90	20.00	5.80	-7.80	2.59	12.60	-6.85	-11.75	24.77	1.40	20.17	-13.70	16.70	-4.20
Other Operating Activities	5.90	6.80	5.80	1.60	44.07	12.60	138.66	22.98	19.64	12.66	22.12	-5.78	-11.40	14.40
Net Cash from Operating Activities	322.00	226.10	226.10	329.20	-24.09	189.70	13.36	132.87	174.66	151.68	118.94	74.73	196.70	320.50
Investing Activities
Capital Expenditures	-410.70	-259.60	-259.60	-391.60	-36.64	-199.50	-40.81	-17.15	-26.67	-125.35	-117.99	-84.50	-487.50	-596.70
Acquisitions	22.80	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.02	0.00	0.00
Purchases of Investments	-176.20	-187.30	-187.30	-282.80	-282.80	-98.90	61.10	-10.00	0.00	-14.88	-19.92	0.00	0.00	0.00
Sales/Maturities of Investments	212.50	255.30	255.30	120.00	120.00	160.00	-0.20	0.00	0.00	34.96	0.00	0.00	0.00	0.00
Other Investing Activities	0.70	86.10	-32.90	133.50	0.28	0.00	-7.62	-6.32	0.00	0.43	-0.65	0.41	17.20	2.30
Net Cash from Investing Activities	-350.90	-105.50	-105.50	-420.90	142.29	-137.00	1.37	-33.47	-26.67	-104.84	-138.56	-84.08	-375.60	-553.10
Financing Activities
Debt Repayment	-231.60	-62.80	-240.10	216.50	-203.03	-259.00	-114.91	-77.36	-117.07	-79.78	-40.30	29.54	0.00	0.00
Common Stock Issued	-1.10	0.00	0.00	0.00	0.28	0.00	0.40	0.47	0.00	0.19	124.25	0.00	2.70	2.60
Common Stock Repurchased	0.00	0.00	0.00	0.00	-0.36	0.00	-0.46	-1.49	-0.59	-1.87	-17.53	-1.04	0.00	-2.10
Other Financing Activities	-12.00	-39.40	-39.40	-109.40	-0.92	-2.50	-2.41	0.00	0.00	0.00	0.00	0.00	-5.90	-3.10
Net Cash from Financing Activities	54.70	-102.20	-102.20	107.10	-143.15	-189.80	-77.57	-78.37	-117.66	-81.47	66.41	28.50	128.50	179.80
Summary
Net Change in Cash	25.80	18.40	18.40	15.40	-24.95	-137.10	-62.84	21.03	30.34	-34.63	46.79	19.15	-50.40	-52.80
Cash at Beginning of Period	131.90	113.50	113.50	98.10	0.00	235.20	235.20	102.84	72.50	107.13	60.35	41.20	0.00	0.00
Cash at End of Period	157.70	131.90	131.90	113.50	0.00	98.10	98.10	123.87	102.84	72.50	107.13	60.35	0.00	0.00
Free Cash Flow	-88.70	-33.50	-33.50	-62.40	-60.73	-9.80	-27.45	115.72	148.00	26.33	0.95	-9.77	-290.80	-276.20
Supplemental Disclosures
Interest Paid	0.00	0.00	56.00	0.00	44.40	0.00	39.90	0.00	0.00	0.00	0.00	0.00	105.60	110.10
Income Taxes Paid	0.00	0.00	-5.70	0.00	-3.30	0.00	-6.20	0.00	0.00	0.00	0.00	0.00	0.00	0.80

Republic Airways Holdings (RJET) Cash Flow Statement

Republic Airways Holdings Cash Flow Statement Analysis

Frequently Asked Questions About Republic Airways Holdings Cash Flow

Free Cash Flow (FCF)

FCF Per Share

Cash Flow to Debt

Dividend Payout Ratio

EBITDA

Return on Invested Capital (ROIC)

Republic Airways Holdings Cash Flow Statement Analysis

Frequently Asked Questions About Republic Airways Holdings Cash Flow

Metrics Derived from the Cash Flow Statement

Free Cash Flow (FCF)

FCF Per Share

Cash Flow to Debt

Dividend Payout Ratio

EBITDA

Return on Invested Capital (ROIC)