Suburban Propane Partners, L.P. (SPH) Cash Flow: Operating & Free Cash Flow

Suburban Propane Partners, L.P. 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 Suburban Propane Partners, L.P. (SPH) - 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	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	106.57	74.17	123.75	139.71	122.79	60.76	68.63	76.53	38.00
Depreciation & Amortization	72.04	66.98	62.58	58.85	104.56	116.79	120.87	125.22	127.94
Deferred Income Tax	0.00	0.00	0.00	0.00	16.99	1.16	0.00	0.00	0.00
Stock Based Compensation	7.78	8.19	8.26	11.25	10.07	9.24	10.52	12.19	6.90
Change in Working Capital	-35.02	-7.79	22.86	10.26	-24.66	24.32	30.42	-5.52	-22.50
Change in Accounts Receivable	-4.06	1.30	15.08	-7.10	-15.91	4.47	11.82	-5.18	-11.88
Change in Inventory	-14.14	6.58	5.14	-4.82	-14.80	-1.58	14.35	-5.73	-7.92
Change in Accounts Payable	0.94	1.07	-0.21	-4.34	6.78	1.51	-6.96	0.81	7.09
Change in Other Working Capital	-17.77	-16.73	4.50	26.51	-0.74	19.92	11.20	7.48	1.73
Other Operating Activities	34.89	19.03	7.78	0.48	-3.19	-2.91	-3.66	14.17	16.93
Net Cash from Operating Activities	186.26	160.59	225.24	220.55	226.55	209.35	226.78	208.54	160.36
Investing Activities
Capital Expenditures	-71.96	-59.43	-44.95	-44.35	-29.86	-32.50	-34.98	-32.90	-28.17
Acquisitions	0.00	0.00	-130.12	-55.23	-8.72	-25.64	-19.30	-12.07	5.18
Other Investing Activities	-56.30	-22.22	4.44	5.15	4.50	4.89	5.76	5.89	0.00
Net Cash from Investing Activities	-128.26	-81.64	-170.64	-94.44	-34.08	-53.24	-48.52	-39.09	-22.99
Financing Activities
Debt Repayment	-1.80	19.00	42.40	-42.40	-109.71	-21.57	-30.10	-19.05	44.65
Common Stock Issued	23.46	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividends Paid	-84.18	-83.09	-82.38	-81.73	-76.48	-130.21	-147.88	-147.19	-216.58
Other Financing Activities	-4.23	-8.41	-4.65	-3.70	-3.61	-3.64	-3.01	-2.72	0.00
Net Cash from Financing Activities	-66.74	-72.50	-44.63	-127.82	-189.81	-155.41	-180.99	-168.95	-171.93
Summary
Net Change in Cash	-8.74	6.44	9.97	-1.71	2.67	0.70	-2.72	2.38	-34.55
Cash at Beginning of Period	20.51	14.07	4.10	5.81	3.14	2.44	5.16	2.79	37.34
Cash at End of Period	11.77	20.51	14.07	4.10	5.81	3.14	2.44	5.16	2.79
Free Cash Flow	114.30	101.16	180.29	176.20	196.70	176.86	191.80	175.64	132.19
Supplemental Disclosures
Interest Paid	73.94	73.55	67.53	59.20	64.89	-	-	-	-

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

Frequently Asked Questions About Suburban Propane Partners, L.P. Cash Flow

What is Suburban Propane Partners, L.P.'s free cash flow?

Suburban Propane Partners, L.P. generated free cash flow of $114.30M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $186.26M minus $71.96M of capital expenditures. That was up 13.0% from $101.16M a year earlier. Free cash flow equaled 8.0% of revenue.

How much does Suburban Propane Partners, L.P. spend on capital expenditures?

Suburban Propane Partners, L.P. spent $71.96M on capital expenditures in fiscal 2025, compared with $59.43M a year earlier. That equals 38.6% of operating cash flow.

Does Suburban Propane Partners, L.P. pay dividends or buy back shares?

Yes. In fiscal 2025 Suburban Propane Partners, L.P. returned $84.17M in dividends 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