Innovative Aerosystems, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $15.6M | $7.0M | $6.0M | $5.5M | $5.1M | $3.3M | $1.9M | $-3.7M |
| Depreciation & Amortization | $3.7M | $2.1M | $697.9K | $368.5K | $432.2K | $432.2K | $451.3K | $436.2K |
| Depreciation | $1.5M | $906.6K | $427.3K | $358.8K | $373.1K | $387.6K | $423.3K | $430.9K |
| Amortization | $2.2M | $1.2M | $270.6K | $2.1K | $50.4K | $32.6K | $19.4K | $0 |
| Stock-Based Compensation | $2.3M | $1.0M | $1.5M | — | — | — | — | — |
| Net Cash from Operating Activities | $13.3M | $5.8M | $2.1M | $6.1M | $4.6M | $4.6M | $2.1M | $-1.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $6.5M | $657.8K | $298.4K | $161.2K | $340.7K | $340.7K | $81.3K | $2.5M |
| Business Acquisitions | — | $14.2M | $35.9M | — | — | — | — | — |
| Net Cash from Investing Activities | $-6.5M | $-16.9M | $-36.2M | $2.6M | $-340.7K | $-340.7K | $-81.3K | $-2.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | $19.8M | $19.8M | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-4.6M | $8.5M | $19.9M | $301.2K | $-19.8M | $-19.8M | — | — |
| Net Change in Cash | $2.2M | $-2.6M | $-14.2M | $9.0M | $-15.5M | $-15.5M | $2.0M | $-4.3M |
| Free Cash Flow | $6.8M | $5.1M | $1.8M | $5.9M | $4.3M | $4.3M | $2.0M | $-4.3M |