CADIZ INC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-34.2M | $-31.1M | $-31.4M | $-24.8M | $-31.2M | $-37.8M | $-29.5M | $-26.3M |
| Depreciation & Amortization | — | — | — | — | — | $381.0K | $265.0K | $258.0K |
| Depreciation | $1.3M | $1.2M | $1.2M | $654.0K | $423.0K | $381.0K | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $5.3M | $4.6M | $1.5M | $1.9M | $4.7M | $2.1M | $562.0K | $473.0K |
| Net Cash from Operating Activities | $-18.9M | $-21.5M | $-20.9M | $-18.6M | $-15.3M | $-13.4M | $-13.7M | $-12.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $7.6M | $934.0K | $5.8M | $3.4M | $22.9M | $5.7M | $1.6M | $1.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-12.6M | $-1.2M | $-5.8M | $-4.1M | $-23.5M | $-9.8M | $-2.5M | $-3.7M |
| Financing Activities | ||||||||
| Dividends Paid | $5.1M | $5.1M | $5.1M | $5.1M | $1.4M | $0 | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $25.4M | $35.5M | $17.6M | $16.6M | $51.2M | $14.9M | $19.3M | $15.4M |
| Net Change in Cash | $-6.1M | $12.8M | $-9.1M | $-6.1M | $12.4M | $-8.4M | $3.1M | $-472.0K |
| Free Cash Flow | $-26.5M | $-22.5M | $-26.7M | $-22.0M | $-38.2M | $-19.2M | $-15.3M | $-13.9M |