Deluxe Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $82.1M | $52.8M | $26.1M | $65.4M | $62.6M | $5.2M | $-223.8M | $149.6M |
| Depreciation & Amortization | $137.9M | $165.5M | $169.7M | $172.6M | $148.8M | $110.8M | $126.0M | $131.1M |
| Depreciation | $21.7M | $22.2M | $23.4M | $26.0M | $25.6M | $20.2M | $16.5M | $16.6M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $24.9M | $19.9M | $20.5M | $23.7M | $29.5M | $21.8M | $19.7M | $13.4M |
| Net Cash from Operating Activities | $270.6M | $194.3M | $198.4M | $191.5M | $210.8M | $217.6M | $286.7M | $339.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $95.3M | $94.3M | $100.7M | — | — | — | $66.6M | $62.2M |
| Business Acquisitions | — | — | $0 | $0 | $958.5M | $0 | $8.3M | $191.9M |
| Net Cash from Investing Activities | $-131.7M | $-69.8M | $-43.3M | $-80.3M | $-1.07B | $-56.1M | $-72.4M | $-253.1M |
| Financing Activities | ||||||||
| Dividends Paid | $55.2M | $54.2M | $53.3M | $52.6M | $51.7M | $50.7M | $51.7M | $56.7M |
| Stock Repurchases | — | — | — | $0 | $0 | $14.0M | $118.5M | $200.0M |
| Net Cash from Financing Activities | $-136.8M | $-267.2M | $-37.7M | $-48.6M | $913.0M | $-110.6M | $-190.1M | $-62.2M |
| Net Change in Cash | $3.8M | $-148.8M | $120.6M | $51.9M | $56.1M | $54.6M | $29.6M | $16.4M |
| Free Cash Flow | $175.3M | $100.0M | $97.7M | — | — | — | $220.1M | $277.1M |