Miller Industries, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $23.0M | $63.5M | $58.3M | $20.3M | $16.3M | $29.8M | $39.1M | $33.7M |
| Depreciation & Amortization | $14.7M | $14.1M | $13.2M | $11.8M | $11.0M | $9.6M | $9.1M | $7.7M |
| Depreciation | — | — | $13.2M | $11.8M | $11.0M | — | — | $7.7M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $5.3M | $3.2M | $1.1M | $743.0K | — | — | — | — |
| Net Cash from Operating Activities | $98.7M | $16.9M | $11.0M | $-19.2M | $15.3M | $60.7M | $35.1M | $21.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $13.7M | $15.4M | $12.1M | $28.9M | $9.2M | $17.5M | $17.4M | $13.3M |
| Business Acquisitions | $18.6M | — | $17.4M | — | — | — | — | — |
| Net Cash from Investing Activities | $-30.8M | $-15.3M | $-29.1M | $-28.9M | $-9.1M | $-17.2M | $-17.1M | $-13.2M |
| Financing Activities | ||||||||
| Dividends Paid | $9.2M | $8.7M | $8.2M | $8.2M | $8.2M | $8.2M | $8.2M | $8.2M |
| Stock Repurchases | $6.0M | $2.9M | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-50.7M | $-6.6M | $6.8M | $36.8M | $-8.2M | $-13.6M | $-18.6M | $-3.0M |
| Net Change in Cash | $20.3M | $-5.6M | $-10.2M | $-14.2M | $-3.2M | $31.4M | $-965.0K | $5.1M |
| Free Cash Flow | $85.0M | $1.5M | $-1.1M | $-48.1M | $6.1M | $43.2M | $17.7M | $8.6M |