BlackRock Utilities, Infrastructure & Power Opportunities Trust (BUI) Cash Flow Statement
Where BUI’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- −$6.6M −120.9% vs 2024
- Capital expenditures
- $3 0.0% of revenue
- Free cash flow
- −$6.6M −5.9% margin
- Returned to shareholders
- $58.6M
- Change in cash
- −$119,142 cash at year-end $106,033
Drawn to scale: where the cash came from and how it was used. Hover for values.
BUI operating cash flow, capex and free cash flow
BUI cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $11.0M2016 | −$6.6M2025 | — | |
| Capital expenditures | $02016 | $32025 | — | |
| Free cash flow | $11.0M2016 | −$6.6M2025 | — | |
| Free cash flow margin | 48.8%2016 | −5.9%2025 | −54.7 pts | |
| Operating cash flow / net income | 0.482016 | −0.062025 | −0.54 | |
| Dividends paid | $24.6M2016 | $58.6M2025 | +10.2%/yr | |
| Share buybacks (net) | $02017 | $02025 | — | |
| Capex / revenue | 0.0%2016 | 0.0%2025 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BUI cash flow by activity
BUI net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
BUI cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $103.5M | $35.6M | $36.1M | −$44.5M | $69.0M | $58.3M | $79.9M | −$15.1M | $53.3M | $23.1M |
| Change in working capital | −$222,931 | −$1.2M | $1.2M | $35,169 | $194,990 | −$364,884 | $378,511 | −$45,881 | −$540,740 | $410,790 |
| Other non-cash items | −$109.9M | −$2.9M | −$20.5M | $60.2M | −$116.0M | −$60.2M | −$63.5M | $38.8M | −$28.8M | −$12.5M |
| Cash from operating activities | −$6.6M | $31.6M | $16.7M | $15.7M | −$46.8M | −$2.3M | $16.8M | $23.6M | $24.0M | $11.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$3 | $0 | −$4 | −$3 | −$3 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | $35.0M | $45.6M | $7.0M | $9.5M | −$45.6M | $4.2M | $22.8M | $18.5M | $25.6M | $9.8M |
| Cash from investing activities | $35.0M | $45.6M | $7.0M | $9.5M | −$45.6M | $4.2M | $22.8M | $18.5M | $25.6M | $9.8M |
| Financing activities | ||||||||||
| Dividends paid | −$58.6M | −$32.5M | −$31.9M | −$31.2M | −$27.8M | −$24.7M | −$23.2M | −$23.7M | −$24.0M | −$24.6M |
| Share repurchases & issuance (net) | $0 | $0 | $0 | $0 | — | — | $0 | — | $0 | — |
| Net borrowing (repayment) | — | $0 | $0 | $0 | $0 | — | — | — | — | — |
| Shares issued | $34.4M | $689,328 | $3.8M | $15.0M | $74.2M | $27.2M | $7.3M | $0 | $0 | $0 |
| Other financing | $62,113 | $0 | $0 | −$27,388 | $21,784 | −$30,176 | −$90,995 | $126,671 | $104 | $0 |
| Cash from financing activities | −$24.2M | −$31.8M | −$28.2M | −$16.2M | $46.4M | $2.5M | −$16.0M | −$23.6M | −$24.0M | −$24.6M |
| Summary | ||||||||||
| Net change in cash | −$119,142 | −$205,193 | $234,025 | −$466,415 | −$365,899 | $206,908 | $821,692 | −$3 | −$25,579 | $1,886 |
| Cash at end of period | $106,033 | $225,175 | $430,368 | $196,343 | $662,758 | $1.0M | $821,749 | $57 | $60 | $25,639 |
| Free cash flow | −$6.6M | $31.6M | $28.4M | $15.7M | −$46.8M | −$2.3M | $16.8M | $23.6M | $24.0M | $11.0M |
| Free cash flow margin | −5.9% | 84.8% | 87.8% | — | −39.0% | −3.9% | 20.8% | — | 44.1% | 48.8% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% |
| Operating cash flow / net income | −0.06 | 0.89 | 0.46 | — | −0.68 | −0.04 | 0.21 | — | 0.45 | 0.48 |
| Jun '26 | Dec '25 | Jun '25 | Dec '24 | Jun '24 | Dec '23 | Jun '23 | Dec '22 | Jun '22 | Dec '21 | Jun '21 | Dec '20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $105.9M | $32.8M | $70.7M | $26.0M | $9.6M | $6.7M | $29.4M | $31.8M | −$76.4M | $35.7M | $33.4M | $81.3M |
| Change in working capital | $8.9M | −$189,763 | −$33,168 | −$99,938 | −$1.1M | −$1.4M | $2.6M | −$52,961 | $88,130 | −$1.5M | $1.7M | $395,760 |
| Other non-cash items | −$99.7M | −$38.8M | −$71.1M | −$29.9M | −$12.1M | −$3.1M | −$17.4M | −$30.4M | $85.0M | −$33.9M | −$37.2M | −$89.0M |
| Cash from operating activities | $15.1M | −$6.2M | −$414,392 | −$4.0M | −$3.5M | $2.2M | $14.5M | $1.4M | $8.7M | $204,936 | −$2.1M | −$7.4M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | $0 | −$1 | −$3 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Acquisitions & other investing | −$54.2M | $21.4M | $13.6M | $26.8M | $18.8M | $5.5M | $1.5M | $7.0M | $2.5M | −$19.3M | −$26.3M | $332,990 |
| Cash from investing activities | −$54.2M | $21.4M | $13.6M | $26.8M | $18.8M | $5.5M | $1.5M | $7.0M | $2.5M | −$19.3M | −$26.3M | $332,990 |
| Financing activities | ||||||||||||
| Dividends paid | −$19.9M | −$40.9M | −$17.7M | −$16.3M | −$16.1M | −$16.2M | −$15.8M | −$15.8M | −$15.4M | −$14.5M | −$13.4M | −$12.4M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | −$30,893 | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $66.3M | $30.8M | $3.7M | $691,328 | $0 | $886,422 | $2.9M | $3.8M | $11.2M | $33.3M | $41.0M | $20.0M |
| Cash from financing activities | $46.4M | −$10.2M | −$14.1M | −$15.6M | −$16.1M | −$15.3M | −$12.9M | −$12.0M | −$4.2M | $18.9M | $27.6M | $7.6M |
| Summary | ||||||||||||
| Net change in cash | $42,691 | $14,010 | −$133,152 | $115,470 | −$320,663 | −$7.6M | $3.2M | −$478,827 | $12,412 | $51,299 | −$417,197 | $787,871 |
| Cash at end of period | $148,724 | $106,033 | $92,023 | $225,175 | $109,705 | $430,368 | $3.4M | $196,343 | $675,170 | $662,758 | $611,459 | $1.0M |
| Free cash flow | $15.1M | −$6.2M | −$414,390 | −$4.0M | −$3.5M | $2.2M | $14.5M | $1.4M | $8.7M | $204,936 | −$2.1M | −$7.4M |
| Free cash flow margin | 28.8% | −6.9% | −1.8% | −23.6% | −17.4% | 24.2% | 62.6% | — | 41.8% | 1.6% | −25.3% | −72.6% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | 0.14 | −0.19 | −0.01 | −0.15 | −0.37 | 0.33 | 0.49 | 0.05 | — | 0.01 | −0.06 | −0.09 |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
BUI cash generation
In fiscal 2025 (ended December 31, 2025), BlackRock Utilities, Infrastructure & Power Opportunities generated -$6.6 million of cash from operations (down 120.9%) and spent $0.0 million on capital expenditures, leaving free cash flow of -$6.6 million, −5.9% of revenue. It returned $58.6 million to shareholders through dividends ($58.6 million) and net share buybacks ($0). Cash and equivalents fell by $0.1 million over the year.
Related: BUI income statement, BUI balance sheet, BUI dividend history. See the BUI stock overview for the latest quote and news.
BUI cash flow FAQ
What is BlackRock Utilities, Infrastructure & Power Opportunities's free cash flow?
BlackRock Utilities, Infrastructure & Power Opportunities's free cash flow was -$6.6 million in fiscal 2025: -$6.6 million of operating cash flow minus $0.0 million of capital expenditures It was $31.6 million a year earlier..
How much cash does BlackRock Utilities, Infrastructure & Power Opportunities generate from operations?
BlackRock Utilities, Infrastructure & Power Opportunities generated -$6.6 million of cash from operating activities in fiscal 2025, −0.06 times its net income of $103.5 million.
How much does BlackRock Utilities, Infrastructure & Power Opportunities spend on capital expenditures?
BlackRock Utilities, Infrastructure & Power Opportunities spent $0.0 million on capital expenditures in fiscal 2025, 0.0% of revenue.
How much does BlackRock Utilities, Infrastructure & Power Opportunities pay in dividends?
BlackRock Utilities, Infrastructure & Power Opportunities paid $58.6 million in dividends in fiscal 2025.