DRS: the cashflow

MyFinsight

For the quarter ending 2025-09-30, DRS had $31M increase in cash & cash equivalents over the period. $77M in free cash flow.

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

Cash Flow	2025-09-30	2025-06-30
Net earnings	72	104
Depreciation and amortization	23	46
Deferred income taxes	-1	1
Share-based compensation expense	5	14
Other	0	0
Accounts receivable	62	12
Contract assets	38	144
Inventories	4	42
Prepaid expenses	6	-1
Other current assets	1	-20
Other noncurrent assets	-4	-9
Defined benefit obligations	-1	-5
Accounts payable	76	-156
Contract liabilities	4	37
Other current liabilities	41	-32
Other noncurrent liabilities	-5	-7
Net cash used in operating activities	107	-166
Capital expenditures	30	60
Proceeds from sales of assets	0	-
Purchases of investments	15	-
Net cash used in investing activities	-45	-60
Net decrease in third party borrowings (maturities of 90 days or less)	2	-3
Repayment of third party debt	3	6
Borrowings of third party debt	0	0
Proceeds from stock issuance	6	3
Repurchases of common stock	10	14
Payments of employee taxes withheld from share-based awards	0	21
Dividends paid to related party-Nonrelated Party	7	14
Dividends paid to related party-Related Party	17	34
Other	-2	-5
Net cash used in financing activities	-31	-94
Effect of exchange rate changes on cash and cash equivalents	0	0
Net decrease in cash and cash equivalents	31	-320
Cash and cash equivalents at beginning of period	598	-
Cash and cash equivalents at end of period	309	-

Unit: Million (M) dollars