CLEARFIELD, INC.
Cash Flow History
| Period | Operating Cash Flow | Free Cash Flow | CapEx | Share-Based Compensation |
|---|---|---|---|---|
| Dec 2010 | $1.6M | $1.6M | $38.4K | $58.3K |
| Dec 2011 | $685.4K | $622.0K | $63.4K | $112.2K |
| Dec 2012 | $56.0K | $-98.4K | $154.4K | $186.0K |
| Dec 2013 | $6.8M | $6.7M | $92.3K | $188.2K |
| Dec 2014 | $1.1M | $-691.2K | $1.8M | $283.6K |
| Dec 2015 | $1.9M | $1.7M | $226.7K | $226.8K |
| Dec 2016 | $-605.3K | $-1.1M | $529.3K | $593.7K |
| Dec 2017 | $2.0M | $1.8M | $230.0K | $483.3K |
| Dec 2018 | $6.8M | $6.5M | $276.6K | $538.5K |
| Dec 2019 | $-99.8K | $-888.3K | $788.5K | $240.6K |
| Dec 2020 | $2.7M | $2.3M | $378.9K | $289.0K |
| Dec 2021 | $-34.0K | $-2.1M | $2.1M | $440.0K |
| Dec 2022 | $1.1M | $-881.0K | $2.0M | $660.0K |
| Mar 2023 | — | — | $2.6M | — |
| Jun 2023 | — | — | $1.7M | — |
| Dec 2023 | $10.8M | $8.4M | $2.4M | $1.3M |
| Mar 2024 | — | — | $2.0M | — |
| Jun 2024 | — | — | $1.2M | — |
| Dec 2024 | $7.2M | $5.1M | $2.1M | $1.1M |
| Mar 2025 | — | — | $2.4M | — |
| Jun 2025 | — | — | $407.0K | — |
| Dec 2025 | $-1.4M | $-2.4M | $988.0K | $1.3M |
Mimicking the herd invites regression to the mean (merely average performance).