Solaris Energy Infrastructure (SEI) Cash Flow: Operating & Free Cash Flow

Solaris Energy Infrastructure (SEI) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Solaris Energy Infrastructure generated $209.10M of operating cash flow and spent $646.76M on capital expenditures. That left free cash flow of −$437.65M. It returned $32.30M to shareholders through $21.76M in dividends and $10.55M in share buybacks.

Solaris Energy Infrastructure Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Solaris Energy Infrastructure, Inc. (SEI) - 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	58.40	28.92	38.78	33.51	-1.26	-29.34	90.36	85.95	14.68
Depreciation & Amortization	84.29	47.22	36.19	30.43	27.21	27.02	26.93	18.42	6.64
Deferred Income Tax	16.09	6.47	7.25	7.68	0.13	-9.15	16.12	12.28	33.46
Stock Based Compensation	23.37	10.59	7.74	6.09	5.21	4.74	4.48	3.86	3.70
Change in Working Capital	-19.60	-28.69	-2.68	-15.41	-15.34	20.19	-24.42	-5.38	-9.25
Change in Accounts Receivable	-25.44	-16.78	19.70	-35.93	-15.24	17.40	0.85	-26.77	-8.47
Change in Inventory	-3.13	-2.25	-6.19	-4.62	-0.98	-0.24	-2.74	-10.47	-7.53
Change in Accounts Payable	8.51	-3.45	-10.63	13.34	2.96	3.05	-3.58	4.47	4.22
Change in Other Working Capital	0.47	-6.68	0.66	9.47	-6.73	-0.02	-18.94	27.39	2.53
Other Operating Activities	46.55	3.81	0.66	10.30	0.65	-30.69	1.41	1.23	-22.50
Net Cash from Operating Activities	209.10	59.37	89.35	68.00	16.47	43.85	114.87	116.37	26.73
Investing Activities
Capital Expenditures	-646.76	-188.42	-64.39	-81.41	-19.64	-4.66	-34.85	-161.09	-93.98
Acquisitions	-29.20	-122.07	0.00	0.00	0.00	0.00	0.00	0.00	-5.00
Purchases of Investments	-10.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Investing Activities	-0.40	0.00	2.39	1.46	0.03	0.10	0.85	0.53	-0.07
Net Cash from Investing Activities	-686.36	-305.03	-62.00	-79.54	-19.52	-3.78	-34.00	-160.55	-98.98
Financing Activities
Debt Repayment	761.18	-67.00	-15.50	-3.00	-0.69	-0.04	-13.04	12.97	2.28
Common Stock Issued	0.00	160.88	0.00	0.01	0.01	0.06	0.00	0.00	155.76
Common Stock Repurchased	-10.55	-9.79	-26.44	-1.11	-0.79	-27.45	-4.36	-1.15	0.00
Dividends Paid	-21.76	-14.60	-14.07	-13.80	-13.41	-19.03	-19.26	-4.71	-25.82
Other Financing Activities	-58.17	-29.43	-10.74	-0.36	-0.15	-0.15	-2.39	-1.30	-0.11
Net Cash from Financing Activities	670.70	399.70	-30.35	-16.12	-20.82	-46.59	-39.04	5.82	132.11
Summary
Net Change in Cash	193.45	154.03	-3.00	-27.66	-23.87	-6.52	41.83	-38.36	59.85
Cash at Beginning of Period	159.87	5.83	8.84	36.50	60.37	66.88	25.06	63.42	3.57
Cash at End of Period	353.32	159.87	5.83	8.84	36.50	60.37	66.88	25.06	63.42
Free Cash Flow	-437.65	-129.05	24.97	-13.42	-3.17	39.19	80.02	-44.72	-67.26
Supplemental Disclosures
Interest Paid	-	11.46	2.96	0.25	0.13	0.28	-	-	-
Income Taxes Paid	-	0.50	0.48	0.37	0.33	0.80	-	-	-

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

Frequently Asked Questions About Solaris Energy Infrastructure Cash Flow

What is Solaris Energy Infrastructure's free cash flow?

Solaris Energy Infrastructure had negative free cash flow of $437.65M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $209.10M minus $646.76M of capital expenditures.

How much does Solaris Energy Infrastructure spend on capital expenditures?

Solaris Energy Infrastructure spent $646.76M on capital expenditures in fiscal 2025, compared with $188.42M a year earlier. That equals 309.3% of operating cash flow.

Does Solaris Energy Infrastructure pay dividends or buy back shares?

Yes. In fiscal 2025 Solaris Energy Infrastructure returned $21.76M in dividends and $10.55M 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