CRAWFORD & CO
For the period ended Dec 31, 2025. Filed Mar 2, 2026.
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FY2025 · Filed Mar 2, 2026
CRD-A$12.00+2.3%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
| Year Ended December 31, | 2025 | 2024 | 2023 |
|---|---|---|---|
| Cash Flows from Operating Activities: | |||
| Net income | $19,676 | $26,529 | $30,260 |
| Reconciliation of net income to net cash provided by operating activities: | |||
| Depreciation and amortization | 40,043 | 36,195 | 35,742 |
| Deferred income taxes | (3,328) | (2,534) | (12,279) |
| Stock-based compensation costs | 5,193 | 5,768 | 5,603 |
| Loss on disposal of property and equipment | 2,718 | 102 | 646 |
| Contingent earnout adjustments | 537 | (1,099) | 4,025 |
| Changes in operating assets and liabilities, net of effects of acquisitions and dispositions: | |||
| Accounts receivable, net | 26,369 | (10,741) | 11,663 |
| Unbilled revenues, net | 5,348 | (13,691) | 11,879 |
| Accrued or prepaid income taxes | 1,336 | (2,140) | 13,063 |
| Accounts payable and accrued liabilities | (9,921) | 6,916 | (2,822) |
| Deferred revenues | (2,950) | (1,443) | 5,913 |
| Accrued retirement costs | 7,992 | 8,312 | 7,174 |
| Prepaid expenses and other operating activities | 8,834 | (555) | (7,077) |
| Net cash provided by operating activities | 101,847 | 51,619 | 103,790 |
| Cash Flows from Investing Activities: | |||
| Acquisitions of property and equipment | (7,014) | (6,210) | (4,890) |
| Capitalization of computer software costs | (31,535) | (35,437) | (31,706) |
| Cash proceeds from disposition of business line | 2,046 | — | — |
| Proceeds from settlement of life insurance policies | 295 | — | — |
| Net cash used in investing activities | (36,208) | (41,647) | (36,596) |
| Cash Flows from Financing Activities: | |||
| Cash dividends paid | (14,328) | (13,755) | (12,701) |
| Payments related to shares received for withholding taxes under employee stock-based compensation plans | (1,531) | (2,063) | (1,947) |
| Proceeds from shares purchased under employee stock-based compensation plans | 2,044 | 1,889 | 1,536 |
| Repurchases of common stock | (10,514) | (3,867) | (2,731) |
| Payments of contingent consideration on acquisitions | (1,326) | (3,348) | (7,060) |
| Increases in short-term and revolving credit facility borrowings | 54,720 | 70,197 | 37,578 |
| Payments on short-term and revolving credit facility borrowings | (84,449) | (61,576) | (69,066) |
| Payments on finance lease obligations | (90) | (240) | (60) |
| Capitalized loan costs | (2,027) | — | — |
| Other financing activities | (119) | (99) | (229) |
| Net cash used in financing activities | (57,620) | (12,862) | (54,680) |
| Effects of exchange rate changes on cash and cash equivalents | 198 | (326) | 386 |
| Increase (decrease) in Cash, Cash Equivalents, and Restricted Cash | 8,217 | (3,216) | 12,900 |
| Cash, Cash Equivalents, and Restricted Cash at Beginning of Year | 56,329 | 59,545 | 46,645 |
| Cash, Cash Equivalents, and Restricted Cash at End of Year | $64,546 | $56,329 | $59,545 |
| Supplemental cash flow information: | |||
|---|---|---|---|
| Income taxes paid | $16,963 | $19,993 | $16,050 |
| Interest paid | 17,388 | 19,324 | 18,914 |
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