Exponent, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2023 | FY2022 | FY2021 | FY2020 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $106.0M | $109.0M | $100.3M | $102.3M | $101.2M | $82.5M | $72.3M | $41.3M |
| Depreciation & Amortization | $10.1M | $9.7M | $8.9M | $7.1M | $6.5M | $6.8M | $6.3M | $6.3M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $23.8M | $23.2M | $20.4M | $20.4M | $19.3M | $17.5M | $17.0M | $16.2M |
| Net Cash from Operating Activities | $131.7M | $144.5M | $127.4M | $93.8M | $124.6M | $108.1M | $91.2M | $67.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $9.4M | $6.9M | $16.4M | $12.0M | $6.8M | $23.0M | $16.3M | $4.7M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-9.4M | $-6.9M | $-16.4M | $-12.0M | $38.2M | $4.3M | $-25.8M | $-17.7M |
| Financing Activities | ||||||||
| Dividends Paid | $61.5M | $58.2M | $54.0M | $49.2M | $43.2M | $33.5M | $27.2M | $21.8M |
| Stock Repurchases | $97.1M | $5.7M | $24.2M | $155.9M | $7.0M | $22.0M | $27.9M | $11.9M |
| Net Cash from Financing Activities | $-160.4M | $-65.1M | $-86.0M | $-216.0M | $-62.8M | $-63.4M | $-62.5M | $-41.3M |
| Net Change in Cash | $-37.0M | $71.8M | $25.7M | $-136.2M | $100.2M | $49.4M | $2.3M | $9.8M |
| Free Cash Flow | $122.3M | $137.6M | $111.0M | $81.8M | $117.7M | $85.0M | $74.9M | $63.1M |