Cal-Maine Foods, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $316.7M | $1.22B | $277.9M | $758.0M | $132.7M | $2.1M | $18.4M | $54.2M |
| Depreciation & Amortization | $124.3M | $94.0M | $80.2M | $72.2M | $68.4M | $59.5M | $58.1M | $54.7M |
| Depreciation | $116.6M | $91.1M | $77.2M | $69.4M | $65.8M | $56.5M | $54.5M | $51.7M |
| Amortization | $6.8M | $2.2M | $2.2M | $2.2M | $2.2M | $2.5M | $2.9M | $2.8M |
| Stock-Based Compensation | $5.8M | $4.5M | $4.4M | $4.2M | $4.1M | $3.8M | $3.6M | $3.6M |
| Net Cash from Operating Activities | $479.8M | $1.22B | $451.4M | $863.0M | $126.2M | $26.1M | $73.6M | $115.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $151.2M | $161.3M | $147.1M | $136.6M | $72.4M | $95.1M | $124.2M | $68.0M |
| Business Acquisitions | $427.8M | $116.2M | $53.7M | $0 | $44.8M | $0 | $44.7M | $17.9M |
| Net Cash from Investing Activities | $-503.9M | $-575.5M | $-412.6M | $-375.1M | $-117.0M | $-44.2M | $-61.4M | $-47.8M |
| Financing Activities | ||||||||
| Dividends Paid | $231.6M | $330.3M | $91.9M | $252.3M | $6.1M | $1.7M | $0 | $41.7M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-362.7M | $-386.7M | $-93.8M | $-254.2M | $-7.5M | $-2.7M | $-3.4M | $-46.5M |
| Net Change in Cash | — | — | — | — | — | — | — | $20.8M |
| Free Cash Flow | $328.5M | $1.06B | $304.3M | $726.4M | $53.8M | $-68.9M | $-50.6M | $47.1M |