Lee Enterprises, Incorporated
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-37.6M | $-25.8M | $-5.3M | $-2.0M | $22.7M | $-2.0M | $14.3M | $45.8M |
| Depreciation & Amortization | $18.8M | $27.6M | $30.6M | $36.5M | $42.8M | $36.1M | $29.3M | $31.8M |
| Depreciation | $7.7M | $10.4M | $11.6M | $14.4M | $18.0M | $15.4M | — | — |
| Amortization | $11.2M | $17.2M | $19.0M | $22.2M | $24.9M | $20.7M | — | — |
| Stock-Based Compensation | $1.8M | $1.8M | $1.8M | $1.3M | $854.0K | $1.3M | $1.6M | $1.9M |
| Net Cash from Operating Activities | $-5.5M | $1.1M | $-3.2M | $2.9M | $50.1M | $49.9M | $57.7M | $59.3M |
| Investing Activities | ||||||||
| Capital Expenditures | $1.5M | $9.2M | $5.1M | $7.5M | $7.5M | $8.1M | $5.9M | $6.0M |
| Business Acquisitions | — | — | — | $0 | $0 | $131.0M | $6.5M | $0 |
| Net Cash from Investing Activities | $7.7M | $3.7M | $8.6M | $6.9M | $-2.3M | $-118.2M | $-10.9M | $-72.0K |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-1.8M | $-9.8M | $-7.1M | $-19.7M | $-55.4M | $93.4M | $-43.5M | $-64.5M |
| Net Change in Cash | $391.0K | $-5.0M | $-1.6M | $-9.9M | $-7.6M | $25.1M | $3.3M | $-5.2M |
| Free Cash Flow | $-7.1M | $-8.1M | $-8.3M | $-4.7M | $42.6M | $41.8M | $51.8M | $53.3M |