$PWP Cashflow Statement | Understand Stock

$PWP

$12.77 +$0.23 (1.83%) Close

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated Statements of Cash Flows

In millions of USD, except per-share amounts

	FY2025 12 months to Dec 31, 2025	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Cash flows from operating activities
Net income (loss)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Loss on debt extinguishment
Equity-based awards vesting expense
Depreciation and amortization
Amortization of debt discounts and deferred financing costs
Change in fair value of warrant liabilities
Foreign currency revaluation
Non-cash operating lease expense
Deferred taxes
Bad debt expense
Other

Decrease (increase) in operating assets:
Accounts receivable, net of allowance
Due from related parties
Prepaid expenses and other assets
Increase (decrease) in operating liabilities:
Accrued compensation and benefits
Deferred compensation programs
Accounts payable, accrued expenses and other liabilities
Deferred revenue
Lease liabilities

Net cash provided by (used in) operating activities:
Cash flows from investing activities
Distributions from company-owned life insurance policies
Payment for Devon Park Acquisition, net of cash acquired
Purchases of fixed assets
Purchases of investments in short-term marketable debt securities
Maturities of investments in short-term marketable debt securities
Other
Net cash provided by (used in) investing activities

Cash flows from financing activities
Proceeds from Business Combination, including PIPE Investment
Payment of Business Combination costs
Draw down of Revolving Credit Facility
Principal payment on Revolving Credit Facility
Redemption of Convertible Notes
Redemption of partners’ interests
Proceeds from issuance of Class A common stock in public offering, net of underwriting discount and offering costs
Exchange of PWP OpCo Units and corresponding Class B common stock for cash
Payment of offering costs
Distributions to partners
Dividends paid on Class A and Class B common stock
Withholding tax payments for vested PWP Incentive Plan Awards and equity-classified ACUs
Treasury stock purchases
Payments pursuant to tax receivable agreement
Debt issuance costs
Proceeds from Partner Promissory Note
Other
Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash, cash equivalents and restricted cash
Net increase (decrease) in cash, cash equivalents and restricted cash
Cash, cash equivalents and restricted cash, beginning of period
Cash, cash equivalents and restricted cash, end of period
Supplemental disclosures of non-cash activities
Lease liabilities arising from obtaining right-of-use lease assets
Accrued distributions to partners
Accrued capital expenditures
Accrued dividend equivalents and dividend equivalent units on unvested PWP Incentive Plan Awards
Non-cash paydown of Partner promissory notes
Deferred tax effect resulting from changes in ownership and exchanges of PWP OpCo Units, net of amounts payable under tax receivable agreement
Accrued treasury stock purchases
Liability awards reclassification to equity
Dividends declared and unpaid
Net assets of deconsolidated affiliate
Reclassification of liability-classified equity-based awards

Supplemental disclosures of cash flow information
Cash paid for income taxes
Cash paid for interest

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