DRS: the cash flow

MyFinsight

For the year ending 2025-12-31, DRS had $49M increase in cash & cash equivalents over the period. $227M in free cash flow.

Cash Flow	2025-12-31
Net earnings	278
Depreciation and amortization	93
Deferred income taxes	28
Stock-based compensation expense	32
Other	0
Accounts receivable	81
Contract assets	59
Inventories	-6
Prepaid expenses	-1
Other current assets	-23
Other noncurrent assets	44
Defined benefit obligations	-10
Accounts payable	-79
Contract liabilities	186
Other current liabilities	3
Other noncurrent liabilities	-11
Net cash provided by operating activities	366
Capital expenditures	139
Proceeds from sales of assets	0
Purchases of investments	15
Net cash used in investing activities	-154
Net increase (decrease) in borrowings (maturities of 90 days or less)	1
Repayments of borrowings	11
Proceeds from borrowings	0
Proceeds from stock issuance	9
Repurchases of common stock	35
Payments of employee taxes withheld from stock-based awards	21
Dividends-Nonrelated Party	28
Dividends-Related Party	68
Other	-10
Net cash (used in) provided by financing activities	-163
Effect of exchange rate changes on cash and cash equivalents	0
Net increase in cash and cash equivalents	49
Cash and cash equivalents at beginning of year	598
Cash and cash equivalents at end of year	647

Unit: Million (M) dollars (except for numbers of shares and EPS).