United States Lime & Minerals (USLM) Cash Flow: Operating & Free Cash Flow

United States Lime & Minerals (USLM) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), United States Lime & Minerals generated $164.97M of operating cash flow and spent $62.70M on capital expenditures. That left free cash flow of $102.27M, up 3.7% from $98.61M a year earlier, or 27.4% of revenue. It returned $9.55M to shareholders through $6.87M in dividends and $2.68M in share buybacks.

United States Lime & Minerals 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 United States Lime & Minerals, Inc. (USLM) - 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	134.28	108.84	74.55	45.43	37.05	28.22	26.06	19.69	27.15
Depreciation & Amortization	25.22	24.17	23.83	22.20	20.90	21.62	18.56	18.23	0.21
Deferred Income Tax	-0.66	-1.00	-0.92	2.53	1.52	4.31	0.00	0.02	-7.61
Stock Based Compensation	8.14	4.89	3.18	2.64	2.24	1.92	1.52	1.49	1.41
Change in Working Capital	-2.60	-10.96	-8.76	-8.12	-6.03	2.50	-4.25	-0.70	-3.60
Change in Accounts Receivable	-3.95	-5.93	-4.46	-6.44	-3.74	1.11	-3.35	-3.13	0.31
Change in Inventory	-3.22	-3.37	-4.73	-4.29	0.09	-1.39	-0.54	0.70	-1.11
Change in Accounts Payable	4.54	-1.01	0.00	2.70	0.00	2.47	0.00	1.82	-2.72
Change in Other Working Capital	0.03	-0.64	0.02	-0.09	-2.39	0.30	-0.36	-0.09	-0.07
Other Operating Activities	-0.06	0.08	0.02	2.22	0.02	0.01	5.12	0.01	16.73
Net Cash from Operating Activities	164.97	126.02	92.26	64.36	55.69	58.58	47.01	38.74	34.28
Investing Activities
Capital Expenditures	-62.70	-27.41	-34.25	-26.82	-29.91	-17.13	-27.10	-53.76	-21.34
Acquisitions	0.00	0.00	0.00	-5.63	0.00	-8.39	0.00	0.61	0.59
Other Investing Activities	0.21	0.56	2.29	1.29	0.29	0.33	0.56	0.61	0.59
Net Cash from Investing Activities	-62.48	-26.86	-31.96	-31.15	-29.63	-25.19	-26.54	-53.16	-20.75
Financing Activities
Common Stock Issued	0.16	0.00	0.00	0.12	0.00	0.00	0.00	0.00	0.00
Common Stock Repurchased	-2.68	-3.51	-1.27	-0.77	-0.73	-0.56	-0.44	-0.41	-0.31
Dividends Paid	-6.87	-5.72	-4.55	-4.54	-3.62	-3.60	-33.06	-3.02	-3.01
Other Financing Activities	0.00	0.13	0.11	0.12	0.08	0.08	0.08	0.07	0.07
Net Cash from Financing Activities	-9.39	-9.10	-5.72	-5.18	-4.27	-4.08	-33.43	-3.36	-3.25
Summary
Net Change in Cash	93.09	90.07	54.58	28.03	21.79	29.30	-12.96	-17.78	10.29
Cash at Beginning of Period	278.03	187.96	133.38	105.36	83.56	54.26	67.22	85.00	74.71
Cash at End of Period	371.12	278.03	187.96	133.38	105.36	83.56	54.26	67.22	85.00
Free Cash Flow	102.27	98.61	58.01	37.55	25.78	41.44	19.91	-15.03	12.95
Supplemental Disclosures
Interest Paid	-	0.17	0.20	0.11	0.15	-	-	-	-
Income Taxes Paid	-	30.41	17.99	7.83	9.48	-	-	-	-

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

Frequently Asked Questions About United States Lime & Minerals Cash Flow

What is United States Lime & Minerals's free cash flow?

United States Lime & Minerals generated free cash flow of $102.27M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $164.97M minus $62.70M of capital expenditures. That was up 3.7% from $98.61M a year earlier. Free cash flow equaled 27.4% of revenue.

How much does United States Lime & Minerals spend on capital expenditures?

United States Lime & Minerals spent $62.70M on capital expenditures in fiscal 2025, compared with $27.41M a year earlier. That equals 38.0% of operating cash flow.

Does United States Lime & Minerals pay dividends or buy back shares?

Yes. In fiscal 2025 United States Lime & Minerals returned $6.87M in dividends and $2.68M 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