SOLV: the cash flow

MyFinsight

For the year ending 2025-12-31, SOLV had $116M increase in cash & cash equivalents over the period. -$10M in free cash flow.

Cash Flow	2025-12-31	2024-12-31
Net income	1,556	479
Depreciation and amortization	489	555
Pension and postretirement benefit expense	62	34
Stock-based compensation expense	161	112
Gain on sale of business	1,549	0
Transaction costs	-111	-
Deferred income taxes	-120	-155
Accounts receivable	-34	-43
Due from related parties	-44	-233
Inventories	139	132
Accounts payable	104	266
Due to related parties	-11	-565
Accrued compensation	43	-
All other operating activities - net	-194	315
Net cash provided by operating activities	369	1,185
Purchases of property, plant and equipment	379	380
Acquisitions, net of cash acquired	696	-
Proceeds from sale of business	3,890	0
Other net	18	0
Net cash provided by (used in) investing activities	2,797	-380
Repayment of debt	3,070	300
Net transfers to 3m	33	8,251
Proceeds from long-term debt, net of issuance costs	0	8,303
Other net	46	8
Net cash used in financing activities	-3,057	-240
Effect of exchange rate changes on cash and cash equivalents	7	3
Net increase (decrease) in cash and cash equivalents	116	568
Cash and cash equivalents at beginning of year	762	194
Cash and cash equivalents at end of year	878	762

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