CLEARFIELD, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-8.1M | $-12.5M | $32.5M | $49.4M | $20.3M | $7.3M | $4.6M | $4.3M |
| Depreciation & Amortization | $6.1M | $5.9M | $4.6M | $3.4M | $2.3M | $2.4M | $2.2M | $2.0M |
| Depreciation | $3.9M | $4.5M | $3.6M | $2.6M | $1.7M | $1.9M | $1.7M | $1.7M |
| Amortization | $219.4K | $1.4M | $970.0K | $766.0K | $602.0K | $478.0K | $472.8K | $298.8K |
| Stock-Based Compensation | $4.6M | $4.4M | $3.6M | $2.3M | $1.3M | $774.0K | $1.7M | $2.0M |
| Net Cash from Operating Activities | $26.6M | $22.2M | $18.4M | $2.3M | $10.9M | $6.7M | $14.7M | $4.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.7M | $9.6M | $7.7M | $8.5M | $2.0M | $1.8M | $2.5M | $1.2M |
| Business Acquisitions | — | $0 | $0 | $16.2M | $0 | $0 | — | $10.4M |
| Net Cash from Investing Activities | — | $-6.9M | $-112.2M | $-8.2M | $-13.6M | $-41.0K | $-13.0M | $-12.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $16.7M | $33.4M | $0 | $0 | $0 | $429.0K | — | $1.8M |
| Net Cash from Financing Activities | — | $-36.9M | $115.0M | $9.4M | $-536.0K | $-247.0K | $-236.7K | $-1.9M |
| Net Change in Cash | $6.3M | $-21.7M | $21.2M | $3.4M | $-3.2M | $6.4M | $1.5M | $-10.0M |
| Free Cash Flow | $21.8M | $12.7M | $10.7M | $-6.2M | $8.9M | $4.8M | $12.2M | $3.4M |