Butler National Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $21.9M | $12.6M | $12.5M | $4.5M | $10.4M | $1.4M | $4.2M | $3.9M |
| Depreciation & Amortization | $6.9M | $6.7M | $6.1M | $5.9M | $5.3M | $3.5M | $5.1M | $1.8M |
| Depreciation | $4.8M | $4.6M | $4.1M | $4.0M | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $196.0K | $320.0K | $-15.0K | $357.0K | $585.0K | $592.0K | $224.0K | $0 |
| Net Cash from Operating Activities | $25.8M | $18.4M | $7.5M | $20.9M | $11.2M | $13.5M | $10.0M | $9.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $6.5M | $8.3M | $8.7M | $6.5M | $9.6M | $7.0M | $3.2M | $5.0M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-4.4M | $-5.4M | $-1.1M | $-5.9M | $-9.5M | $-7.0M | $-2.1M | $-5.0M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $5.5M | $2.3M | $5.1M | $61.0K | $168.0K | $196.0K | $326.0K | $436.0K |
| Net Cash from Financing Activities | $-11.5M | $-5.6M | $-10.6M | $-5.5M | $-11.2M | $-1.2M | $-195.0K | $-2.9M |
| Net Change in Cash | $9.9M | $7.4M | $-4.2M | $9.5M | $-9.5M | $5.2M | $7.8M | — |
| Free Cash Flow | $19.2M | $10.1M | $-1.2M | $14.4M | $1.6M | $6.5M | $6.9M | $4.6M |