PJT Partners Inc. (PJT) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 64.25M | 155.71M | 256.1M | 190.43M | -75.94M | 195.72M | 180.46M | 193.55M | -38.78M | 123.77M | 150.15M | 190.6M | -22.99M | -35.45M | 160.71M | 159.72M | -42.24M | -9.48M | 181.23M | 102.14M |
| Operating CF Margin % | 15.36% | 29.1% | 57.28% | 46.8% | -23.4% | 41.01% | 55.3% | 53.74% | -11.77% | 37.67% | 53.94% | 55.04% | -11.5% | -12.66% | 60.4% | 68.51% | -17.15% | -3.03% | 78.35% | 42.44% |
| Operating CF Growth % | 184.61% | -20.44% | 41.92% | -1.62% | -95.83% | 58.12% | 20.19% | 1.55% | -68.69% | 449.12% | -6.57% | 19.34% | 45.57% | -273.82% | -11.32% | 56.37% | 71.8% | -105.59% | 1.89% | -30.64% |
| Net Income | 60.5M | 53.36M | 74.96M | 61.44M | 74.16M | 91M | 41.07M | 53.03M | 53.37M | 45.49M | 31.15M | 41.05M | 27.99M | 46.07M | 39.04M | 35.19M | 44.47M | 64.12M | 39.19M | 42.86M |
| Depreciation & Amortization | 8.68M | 8.03M | 7.86M | 7.81M | 7.54M | 7.23M | 6.93M | 7.07M | 7.44M | 8.56M | 9.19M | 9.8M | 9.11M | 8.8M | 8.68M | 9.06M | 9.67M | 9.04M | 8.67M | 8.59M |
| Stock-Based Compensation | 85.13M | 0 | 47.57M | 49.45M | 88.8M | 38.94M | 51M | 46.43M | 72.82M | 42.15M | 38.39M | 49.2M | 48.8M | 33.51M | 36.65M | 36.3M | 59.07M | 25.56M | 26.11M | 27.29M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.1M | 0 | 0 |
| Other Non-Cash Items | -90.06M | 91.01M | -2M | -3.95M | 1.4M | -7.79M | -4.19M | 2.44M | 2.84M | 239K | -1.58M | 2.68M | 684K | 167K | 1.03M | 6.57M | -372K | 1.84M | -2M | -76K |
| Working Capital Changes | 0 | 3.3M | 127.71M | 75.68M | -247.84M | 66.34M | 85.65M | 84.59M | -175.25M | 27.34M | 72.99M | 87.87M | -109.56M | -124M | 75.31M | 72.59M | -155.07M | -117.14M | 109.26M | 23.48M |
| Change in Receivables | 53.91M | -30.71M | -12.44M | -16.05M | -16.64M | 27.2M | 3.02M | -22.1M | -64.03M | 61.84M | 6.63M | -14.95M | -1.61M | -25.7M | 13.08M | 45.1M | -64.97M | -40.67M | 49.26M | -28.54M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | -11.75M | 1.14M | -9.8M | 6.67M | 362K | -18.11M | 6.33M | 1.09M | -1.51M | -29.48M | -5.32M | -7.07M | -5.96M | -309K | 4.5M | -667K | -1.86M | -3.25M | 1.52M | -245K |
| Cash from Investing | -40.67M | 56.99M | -32.72M | -80.85M | 28.03M | 252.45M | -138.2M | -165.98M | 59.78M | 156.61M | -164.03M | -69.58M | 42.66M | 48.93M | -66.23M | -15.15M | -20.79M | 70.92M | -2.9M | -1.81M |
| Capital Expenditures | -8.26M | 25.41M | -15.21M | -11.52M | -1.98M | -425K | -1.92M | -516K | -439K | -504K | -549K | -728K | -2.15M | -926K | -756K | -946K | -806K | -1.72M | -2.9M | -1.81M |
| CapEx % of Revenue | 1.97% | 4.75% | 3.4% | 2.83% | 0.61% | 0.09% | 0.59% | 0.14% | 0.13% | 0.15% | 0.2% | 0.21% | 1.07% | 0.33% | 0.28% | 0.41% | 0.33% | 0.55% | 1.25% | 0.75% |
| Acquisitions | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Investments | 0 | 46.94M | 120.7M | 103.77M | 32.54M | 62.91M | 328.21M | 186.64M | 20.07M | 81.38M | 239.01M | 74.14M | 5M | 50.24M | 99.86M | 34.17M | 19.97M | 0 | 72.7M | 72.68M |
| Other Investing | 0 | -36.61M | 0 | 0 | 0 | -10.73M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash from Financing | -250.76M | -75.18M | -39.31M | -94.29M | -245.01M | -106.53M | -63.39M | -80.42M | -158.35M | -44.18M | -19.4M | -65.02M | -99.48M | -34.96M | -44.52M | -70.78M | -59.76M | -122.48M | -52.98M | -60.66M |
| Debt Issued (Net) | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Equity Issued (Net) | 0 | -4.72M | 190.5M | -63.36M | -127.14M | -49.52M | -23.05M | -56.11M | -106.43M | -10.81M | -1.86M | -37.89M | -66.18M | -9.29M | -16.27M | -27.36M | -56.57M | -8.72M | -14.33M | -34.4M |
| Dividends Paid | -6.53M | -6.09M | -6.08M | -6.09M | -6.26M | -5.97M | -5.95M | -5.98M | -6.23M | -6.07M | -6.07M | -6.07M | -6.23M | -6.13M | -6.13M | -6.1M | -6.27M | -74.25M | -1.22M | -1.23M |
| Share Repurchases | -61.28M | -4.72M | 190.5M | -63.36M | -127.14M | -49.52M | -23.05M | -56.11M | -106.43M | -10.81M | -1.86M | -37.89M | -66.18M | -9.29M | -16.27M | -27.36M | -56.57M | -8.72M | -14.33M | -34.4M |
| Other Financing | -244.23M | -64.37M | -223.73M | -24.84M | -111.61M | -51.04M | -34.39M | -18.32M | -45.7M | -27.29M | -11.47M | -21.06M | -27.08M | -19.54M | -22.12M | -12.32M | -21.93M | -39.54M | -37.43M | -25.02M |
| Net Change in Cash | -230.08M | 138.41M | 185.84M | 20.34M | -289.61M | 335.04M | -15.37M | -51.32M | -140.02M | 239.5M | -35.45M | 57.95M | -79.69M | -16.59M | 42.51M | 71.51M | -124.67M | -60.62M | 122M | 39.5M |
| Free Cash Flow | 55.99M | 138.55M | 240.9M | 178.91M | -77.92M | 195.29M | 178.54M | 193.04M | -39.22M | 123.27M | 149.6M | 189.88M | -25.14M | -36.38M | 159.95M | 158.77M | -43.05M | -11.2M | 178.33M | 100.33M |
| FCF Margin % | 13.39% | 25.89% | 53.88% | 43.97% | -24.01% | 40.92% | 54.71% | 53.59% | -11.91% | 37.52% | 53.74% | 54.83% | -12.57% | -12.99% | 60.11% | 68.1% | -17.48% | -3.58% | 77.1% | 41.69% |
| FCF Growth % | 171.86% | -29.05% | 34.92% | -7.32% | -98.69% | 58.43% | 19.35% | 1.67% | -56.03% | 438.85% | -6.47% | 19.59% | 41.61% | -224.7% | -10.31% | 58.25% | 71.27% | -106.62% | 1.21% | -31.09% |
| FCF per Share | 1.29 | 4.81 | 5.55 | 4.12 | -1.75 | 4.34 | 4.00 | 4.48 | -1.39 | 4.86 | 5.61 | 7.21 | -0.93 | -1.35 | 6.03 | 6.01 | -1.62 | -0.27 | 4.24 | 2.38 |
| FCF Conversion (FCF/Net Income) | 1.06x | 2.92x | 6.43x | 5.79x | -1.41x | 3.81x | 8.15x | 6.84x | -1.19x | 4.97x | 8.62x | 8.61x | -1.33x | -1.44x | 7.62x | 8.33x | -1.64x | -0.27x | 8.45x | 4.41x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 10K |
| Taxes Paid | 0 | 0 | 4.3M | 3.39M | 4.69M | 20.66M | 12.25M | 964K | 2.22M | 17.09M | 1.63M | 3.89M | 675K | 9.72M | 14.09M | 2.7M | 2.07M | 21.56M | 4.16M | 757K |