DLH Holdings Corp.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.4M | $7.4M | $1.5M | $23.3M | $10.1M | $7.1M | $5.3M | $1.8M |
| Depreciation & Amortization | $17.2M | $17.1M | $15.6M | $7.7M | $8.1M | $7.0M | $4.0M | $2.2M |
| Depreciation | $700.0K | $600.0K | $800.0K | $1.1M | $1.5M | $2.2M | $1.2M | $500.0K |
| Amortization | $16.5M | $16.5M | $14.8M | $6.6M | $6.6M | $4.8M | $2.7M | $1.8M |
| Stock-Based Compensation | $1.5M | $1.9M | $1.9M | $2.6M | — | — | — | — |
| Net Cash from Operating Activities | $23.2M | $27.4M | $31.0M | $1.2M | $45.7M | $19.5M | $18.0M | $14.1M |
| Investing Activities | ||||||||
| Capital Expenditures | $241.0K | $836.0K | $625.0K | $872.0K | $103.0K | $152.0K | $405.0K | $654.0K |
| Business Acquisitions | — | $0 | $180.6M | $0 | $-59.0K | $32.7M | $67.1M | $0 |
| Net Cash from Investing Activities | $-241.0K | $-836.0K | $-181.2M | $-872.0K | $-44.0K | $-32.8M | $-67.5M | $-654.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | $0 | $211.0K | $0 | — |
| Net Cash from Financing Activities | $-23.2M | $-26.4M | $150.2M | $-24.2M | $-22.9M | $12.9M | $44.9M | $-12.0M |
| Net Change in Cash | $-217.0K | $127.0K | $-13.0K | $-23.8M | $22.7M | $-433.0K | $-4.6M | $1.4M |
| Free Cash Flow | $23.0M | $26.5M | $30.4M | $371.0K | $45.6M | $19.3M | $17.6M | $13.4M |