AudioCodes Ltd.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $9.0M | $15.3M | $8.8M | $28.5M | $33.8M | $27.2M | $4.0M | $13.5M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $3.8M | $3.4M | $2.1M | $2.2M | $2.1M | $1.9M | $1.7M | $1.6M |
| Amortization | $470.0K | $532.0K | $545.0K | $804.0K | $358.0K | $332.0K | $352.0K | $747.0K |
| Stock-Based Compensation | $6.5M | $8.2M | $11.4M | $15.1M | $14.2M | $8.8M | $5.3M | $3.3M |
| Net Cash from Operating Activities | $29.4M | $35.3M | $14.9M | $8.3M | $47.3M | $38.5M | $23.2M | $25.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $6.5M | $24.3M | $6.0M | $1.5M | $1.2M | $1.5M | $1.9M | $1.3M |
| Business Acquisitions | — | $0 | $0 | $1.1M | $2.8M | $0 | $0 | — |
| Net Cash from Investing Activities | $-1.5M | $17.8M | $20.0M | $-19.7M | $42.6M | $-139.3M | $29.6M | $-1.1M |
| Financing Activities | ||||||||
| Dividends Paid | $10.9M | $10.9M | $11.4M | $11.6M | $10.9M | $8.4M | $6.7M | $5.8M |
| Stock Repurchases | $30.6M | $14.3M | $18.3M | $38.1M | $41.9M | $0 | $8.0M | $14.3M |
| Net Cash from Financing Activities | $-41.3M | $-24.9M | $-28.9M | $-48.6M | $-51.5M | $77.1M | $-14.5M | $-17.2M |
| Net Change in Cash | — | $28.2M | $6.0M | $-60.0M | $38.5M | $-23.7M | $38.3M | $7.3M |
| Free Cash Flow | $22.9M | $11.0M | $8.9M | $6.8M | $46.2M | $36.9M | $21.2M | $24.2M |