HAVERTY FURNITURE COMPANIES, INC
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $19.7M | $20.0M | $56.3M | $89.4M | $90.8M | $59.1M | $21.9M | $30.3M |
| Depreciation & Amortization | $23.8M | $21.6M | $18.6M | $16.9M | $16.3M | $18.2M | $20.6M | $29.8M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $7.3M | $6.7M | $8.0M | $7.2M | $8.2M | $4.4M | $3.4M | $4.4M |
| Net Cash from Operating Activities | $52.6M | $58.9M | $97.2M | $51.0M | $97.2M | $130.2M | $63.4M | $70.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $19.7M | $32.1M | $53.1M | $28.4M | $34.1M | $10.9M | $16.8M | $21.5M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-19.6M | $-31.6M | $-53.1M | $-28.3M | $-34.0M | $65.4M | $-14.6M | $-19.0M |
| Financing Activities | ||||||||
| Dividends Paid | $20.8M | $20.5M | $35.2M | $33.9M | $52.4M | $50.5M | $15.1M | $35.5M |
| Stock Repurchases | $4.8M | $5.0M | $6.9M | $30.0M | $41.8M | $19.7M | $29.8M | $18.7M |
| Net Cash from Financing Activities | $-27.5M | $-28.7M | $-46.3M | $-65.6M | $-97.1M | $-71.2M | $-46.3M | $-59.2M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | $33.0M | $26.8M | $44.1M | $22.6M | $63.2M | $119.3M | $46.6M | $48.9M |
This is one of the keys to successful investing: focus on the companies, not on the stocks.