PATHWARD FINANCIAL, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $185.9M | $183.2M | $143.3M | $151.1M | $141.7M | $104.7M | $97.0M | $51.6M |
| Depreciation & Amortization | $59.7M | $57.8M | $65.0M | $61.6M | $59.0M | $60.7M | $55.1M | $37.7M |
| Depreciation | $9.6M | $10.2M | $11.1M | $11.3M | $9.6M | $9.2M | $8.6M | $5.7M |
| Amortization | $3.5M | $4.1M | $5.0M | $6.6M | $8.5M | $11.0M | $17.7M | $9.6M |
| Stock-Based Compensation | $9.5M | $10.3M | $11.1M | $10.0M | $6.9M | $10.2M | $12.9M | $11.1M |
| Net Cash from Operating Activities | $450.6M | $488.8M | $327.9M | $290.0M | $581.6M | $467.2M | $191.0M | $137.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $11.7M | $10.1M | $8.6M | $8.2M | $13.0M | $12.3M | $14.0M | $8.5M |
| Business Acquisitions | — | — | — | — | — | $0 | $0 | $6.0K |
| Net Cash from Investing Activities | $25.8M | $-262.9M | $-945.6M | $-332.1M | $-1.12B | $-206.3M | $-339.2M | $-389.8M |
| Financing Activities | ||||||||
| Dividends Paid | $4.7M | $5.1M | $5.4M | $5.9M | $6.4M | $7.1M | $7.8M | $5.7M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-513.0M | $-443.2M | $604.9M | $117.8M | $422.9M | $40.0M | $174.9M | $-915.6M |
| Net Change in Cash | $-37.8M | $-217.2M | $-12.5M | $74.0M | $-113.3M | $300.8M | $26.6M | $-1.17B |
| Free Cash Flow | $438.9M | $478.7M | $319.3M | $281.9M | $568.7M | $455.0M | $177.0M | $129.2M |
What the wise do in the beginning, fools do in the end.