The Middleby Corporation
Cash Flow Statement
| Line Item | FY2026 | FY2024 | FY2023 | FY2022 | FY2021 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-277.7M | $428.4M | $400.9M | $436.6M | $207.3M | $352.2M | $317.2M | $298.1M |
| Depreciation & Amortization | $105.3M | $104.1M | $109.9M | $138.1M | $110.5M | $103.4M | $97.2M | $69.8M |
| Depreciation | $43.7M | $39.8M | $36.8M | $44.6M | $39.1M | $37.9M | $35.8M | $29.7M |
| Amortization | $55.3M | $57.2M | $66.0M | $86.3M | $69.0M | $64.0M | $60.0M | $38.6M |
| Stock-Based Compensation | $13.5M | $31.9M | $45.2M | $58.4M | $19.6M | $8.1M | $2.5M | $6.2M |
| Net Cash from Operating Activities | $630.2M | $686.8M | $628.8M | $332.6M | $524.8M | $377.4M | $368.9M | $304.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $70.7M | $36.7M | $59.2M | $67.3M | $34.8M | $46.6M | $36.0M | $54.5M |
| Business Acquisitions | $32.0M | $111.4M | $37.9M | $278.8M | $79.0M | $281.1M | $1.20B | $305.3M |
| Net Cash from Investing Activities | $-126.9M | $-158.5M | $-155.7M | $-348.3M | $-106.8M | $-327.7M | $-1.24B | $-345.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $723.6M | $34.7M | $74.6M | $264.8M | $85.9M | $6.1M | $0 | $239.8M |
| Net Cash from Financing Activities | $-970.9M | $-73.8M | $-390.9M | $7.6M | $-252.5M | $-25.4M | $856.1M | $55.8M |
| Net Change in Cash | $-445.1M | $442.0M | $85.5M | $-18.4M | $173.6M | $22.8M | $-18.0M | $21.2M |
| Free Cash Flow | $559.5M | $650.1M | $569.6M | $265.3M | $489.9M | $330.8M | $332.9M | $250.0M |