DILLARD’S, INC.
Cash Flow Statement
| Line Item | Aug 2026 | May 2026 | Nov 2025 | Aug 2025 | May 2025 | Nov 2024 | Aug 2024 | May 2024 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $97.7M | $250.6M | $129.8M | $72.8M | $163.8M | $124.6M | $74.5M | $180.0M |
| Depreciation & Amortization | $44.4M | $43.3M | $44.4M | $44.7M | $44.5M | $44.0M | $46.4M | $46.1M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $-37.2M | $364.0M | $186.5M | $86.8M | $232.6M | $173.5M | $-68.4M | $244.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $22.3M | $17.2M | $30.3M | $26.7M | $16.9M | $28.1M | $25.9M | $35.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | — | $-63.1M | — | — | $55.3M | — | — | $-230.8M |
| Financing Activities | ||||||||
| Dividends Paid | — | $4.7M | — | — | $4.0M | — | — | $4.1M |
| Stock Repurchases | — | — | — | — | $98.0M | — | — | — |
| Net Cash from Financing Activities | — | $-4.7M | — | — | $-105.3M | — | — | $-4.1M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $-59.5M | $346.8M | $156.2M | $60.1M | $215.8M | $145.4M | $-94.3M | $209.2M |