Flowers Foods, Inc.
Cash Flow Statement
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $83.8M | $248.1M | $123.4M | $228.4M | $152.3M | $164.5M | $157.2M | $150.1M |
| Depreciation & Amortization | $167.4M | $159.2M | $151.7M | $142.0M | $141.4M | $144.2M | $144.1M | $146.7M |
| Depreciation | $128.4M | $127.6M | $117.8M | $108.5M | $103.5M | $107.9M | $118.2M | $119.4M |
| Amortization | $38.9M | $31.4M | $32.2M | $31.8M | $30.7M | $29.3M | $25.9M | $27.3M |
| Stock-Based Compensation | $32.3M | $29.7M | $26.9M | $25.8M | $12.9M | $7.4M | $8.1M | $16.1M |
| Net Cash from Operating Activities | $446.2M | $412.7M | $349.4M | $360.9M | $454.5M | $367.0M | $295.9M | $297.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $127.1M | $132.1M | $129.1M | $169.1M | $97.9M | $103.7M | $99.4M | $75.2M |
| Business Acquisitions | $791.9M | — | $274.8M | — | — | — | $200.2M | — |
| Net Cash from Investing Activities | $-943.2M | $-172.7M | $-403.8M | $-151.1M | $-74.0M | $-97.1M | $-301.8M | $-35.4M |
| Financing Activities | ||||||||
| Dividends Paid | $209.3M | $203.0M | $195.2M | $186.5M | $167.3M | $160.0M | $150.2M | $141.0M |
| Stock Repurchases | $5.5M | $22.7M | $45.8M | $34.6M | $783.0K | $7.1M | $2.5M | $2.7M |
| Net Cash from Financing Activities | $504.0M | $-257.5M | $-88.1M | $-222.2M | $-84.0M | $-284.1M | $26.1M | $-263.3M |
| Net Change in Cash | — | — | — | $-121.6M | $296.4M | $-14.3M | $20.2M | $-1.3M |
| Free Cash Flow | $319.1M | $280.6M | $220.3M | $191.8M | $356.5M | $263.3M | $196.5M | $222.2M |