FCN: the cash flow

MyFinsight

For the year ending 2025-12-31, FCN had -$395,402K decrease in cash & cash equivalents over the period. $93,601K in free cash flow.

Cash Flow	2025-12-31
Net income	270,871
Depreciation of property and equipment	45,764
Amortization of intangible assets	3,479
Amortization of notes receivable	73,602
Provision for expected credit losses	42,836
Share-based compensation	39,324
Deferred income taxes	23,745
Other	1,182
Accounts receivable, billed and unbilled	34,260
Notes receivable, net of repayments	255,006
Prepaid expenses and other assets	15,611
Accounts payable, accrued expenses and other	6,627
Income taxes	-67,963
Accrued compensation	29,631
Billings in excess of services provided	-12,089
Net cash provided by operating activities	152,132
Purchases of property and equipment and other	58,531
Purchase and maturity of short-term investment	0
Net cash used in investing activities	-58,531
Borrowings under revolving line of credit	1,280,000
Repayments under revolving line of credit	915,000
Repayment of convertible notes	0
Purchase and retirement of common stock	858,681
Share-based compensation tax withholdings	18,545
Proceeds on stock option exercises	1,392
Deposits and other	358
Net cash used in financing activities	-510,476
Effect of exchange rate changes on cash and cash equivalents	21,473
Net increase (decrease) in cash and cash equivalents	-395,402
Cash and cash equivalents, beginning of period	660,493
Cash and cash equivalents, end of period	265,091

Unit: Thousand (K) dollars (except for numbers of shares and EPS).