Barnes & Noble Education, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $16.9M | $-65.8M | $-75.7M | $-101.9M | $-68.9M | $-139.8M | $-38.3M | $-24.4M |
| Depreciation & Amortization | $32.8M | $37.9M | $40.6M | $42.2M | $42.1M | $45.2M | $61.9M | $65.9M |
| Depreciation | $18.2M | $22.9M | $27.3M | $29.4M | $30.1M | $33.2M | $42.6M | $44.6M |
| Amortization | $14.2M | $14.8M | $13.3M | $12.8M | $12.0M | $12.0M | $19.3M | $21.3M |
| Stock-Based Compensation | $6.2M | $5.4M | $3.4M | $4.7M | $5.7M | $4.7M | $6.6M | $9.0M |
| Net Cash from Operating Activities | $50.1M | $-85.4M | $-5.1M | $91.7M | $1.2M | $32.9M | $-8.7M | $121.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $16.2M | $12.9M | $14.1M | $25.1M | $33.6M | $27.6M | $36.2M | $46.4M |
| Business Acquisitions | — | — | — | — | — | $0 | $0 | $10.0M |
| Net Cash from Investing Activities | $-16.2M | $-12.1M | $7.4M | $-31.0M | $-42.7M | $-36.9M | $-37.0M | $-55.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $0 | $5.0K | $176.0K | $864.0K | $2.4M | $894.0K | $1.3M | $2.0M |
| Net Cash from Financing Activities | $-34.4M | $97.7M | $-5.7M | $-49.7M | $45.7M | $11.8M | $39.9M | $-68.3M |
| Net Change in Cash | $-504.0K | $153.0K | $-3.4M | $11.0M | $4.2M | $7.8M | $-5.8M | $-2.1M |
| Free Cash Flow | $33.9M | $-98.3M | $-19.2M | $66.6M | $-32.4M | $5.3M | $-44.9M | $75.4M |