Hovnanian Enterprises, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $63.9M | $242.0M | $205.9M | $225.5M | $607.8M | $50.9M | $-42.1M | $4.5M |
| Depreciation & Amortization | $13.9M | $7.7M | $8.8M | $5.5M | $5.3M | $5.3M | $4.2M | $3.2M |
| Depreciation | — | — | — | — | — | $5.3M | $4.2M | $3.2M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $16.7M | $25.3M | $14.2M | $10.3M | $7.7M | $2.8M | $721.0K | $3.7M |
| Net Cash from Operating Activities | $188.3M | $23.6M | $435.3M | $89.5M | $210.2M | $292.8M | $-249.1M | $-66.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $22.1M | $17.9M | $18.8M | $12.6M | $5.9M | $3.4M | $4.0M | $5.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-66.0M | $-46.5M | $-78.2M | $-2.2M | $9.0M | $2.1M | $-8.3M | $35.5M |
| Financing Activities | ||||||||
| Dividends Paid | $10.7M | $10.7M | $10.7M | $10.7M | $0 | $0 | $0 | — |
| Stock Repurchases | $30.2M | $26.5M | $4.8M | $12.2M | $0 | $0 | — | — |
| Net Cash from Financing Activities | $-70.4M | $-187.9M | $-261.7M | $-16.5M | $-217.3M | $-167.8M | $206.7M | $-229.4M |
| Net Change in Cash | $51.9M | $-210.8M | $95.3M | $70.8M | $1.9M | $127.2M | $-50.7M | $-260.8M |
| Free Cash Flow | $166.2M | $5.8M | $416.5M | $76.9M | $204.3M | $289.4M | $-253.1M | $-72.0M |