PJT: the cash flow

MyFinsight

For the year ending 2025-12-31, PJT had $54,981K increase in cash & cash equivalents over the period. $480,437K in free cash flow.

Cash Flow	2025-12-31
Net income	309,738
Equity-based compensation expense	234,344
Depreciation and amortization expense	13,343
Amortization of operating lease right-of-use assets	17,904
Deferred taxes	-3,154
Provision for credit losses	-797
Other	3,930
Accounts receivable	75,854
Other assets	-5,373
Accrued compensation and benefits	36,043
Accounts payable, accrued expenses and other liabilities	-1,632
Taxes payable	-2,362
Deferred revenue	-2,718
Net cash provided by operating activities	526,298
Purchases of investments	182,393
Proceeds from sales and maturities of investments	199,709
Purchases of furniture, equipment and leasehold improvements	45,861
Cash paid for acquisition, net of cash received	0
Net cash provided by (used in) investing activities	-28,545
Dividends	24,522
Proceeds from revolving credit facility	0
Payments on revolving credit facility	0
Tax distributions	40,844
Employee taxes paid for shares withheld	54,882
Cash-settled exchanges of partnership units	133,743
Treasury stock purchases	195,223
Payments pursuant to tax receivable agreement	4,578
Net cash used in financing activities	-453,792
Effect of exchange rate changes on cash and cash equivalents	11,020
Net increase in cash and cash equivalents	54,981
Cash and cash equivalents, beginning of period	483,877
Cash and cash equivalents, end of period	538,858

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