Capital Southwest Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2013 | FY2012 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $113.0M | $70.5M | $83.4M | $33.1M | $42.8M | $50.9M | — | — |
| Depreciation & Amortization | $7.0M | $5.9M | $4.3M | $2.8M | $2.2M | $2.0M | $30.0K | $25.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $5.0M | $7.0M | $4.5M | $3.7M | $3.6M | $2.9M | — | — |
| Net Cash from Operating Activities | $-193.5M | $-217.3M | $-188.5M | $-227.1M | $-182.7M | $-68.3M | $94.3M | $23.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $286.0K | $1.7M | $13.0K | $281.0K | $2.0M | $0 | — | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-286.0K | $-1.7M | $-13.0K | $-281.0K | $-2.0M | $0 | — | — |
| Financing Activities | ||||||||
| Dividends Paid | $147.2M | $125.3M | $102.9M | $71.1M | $58.6M | $39.9M | $77.3M | $0 |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $178.4M | $231.5M | $199.2M | $237.5M | $164.5M | $86.1M | $-77.5M | $-4.2M |
| Net Change in Cash | $-15.4M | $12.6M | $10.7M | $10.2M | $-20.2M | $17.9M | $16.9M | $19.4M |
| Free Cash Flow | $-193.8M | $-218.9M | $-188.5M | $-227.4M | $-184.7M | $-68.3M | — | — |