Cavco Industries, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $190.6M | $171.0M | $157.8M | $240.6M | $197.7M | $76.6M | $75.1M | $68.6M |
| Depreciation & Amortization | $23.0M | $19.3M | $18.5M | $16.9M | $11.0M | $6.3M | $5.8M | $4.7M |
| Depreciation | $21.1M | $17.7M | $17.0M | $14.8M | $9.6M | $5.6M | $5.2M | $4.4M |
| Amortization | $2.0M | $1.5M | $1.6M | $2.1M | $1.4M | $700.0K | $606.0K | $324.0K |
| Stock-Based Compensation | $12.8M | $8.7M | $6.8M | $6.3M | $5.1M | $4.4M | $3.9M | $3.4M |
| Net Cash from Operating Activities | $267.5M | $178.5M | $224.7M | $255.7M | $144.2M | $114.0M | $101.7M | $32.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $35.4M | $21.4M | $17.4M | $44.1M | $18.7M | $25.5M | $14.3M | $7.6M |
| Business Acquisitions | $172.8M | $0 | $19.2M | $105.7M | $141.4M | $0 | $15.9M | $0 |
| Net Cash from Investing Activities | $-222.4M | $-24.0M | $-31.7M | $-129.3M | $-159.1M | $-23.3M | $-25.2M | $-5.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $159.9M | $148.7M | $109.3M | $103.4M | $59.6M | $1.4M | $0 | $0 |
| Net Cash from Financing Activities | $-162.8M | $-147.9M | $-107.7M | $-102.2M | $-65.1M | $-7.0M | $-20.8M | $-26.4M |
| Net Change in Cash | $-117.7M | $6.6M | $85.3M | $24.2M | $-80.0M | $83.7M | $55.7M | $611.0K |
| Free Cash Flow | $232.1M | $157.1M | $207.3M | $211.6M | $125.6M | $88.5M | $87.4M | $25.2M |