The Marzetti Company
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $191.6M | $167.3M | $158.6M | $111.3M | $89.6M | $142.3M | $137.0M | $150.5M |
| Depreciation & Amortization | $71.4M | $62.2M | $55.9M | $51.2M | $45.9M | $44.5M | $38.0M | $31.8M |
| Depreciation | $65.8M | $59.1M | $53.0M | $46.4M | $39.8M | $37.2M | $31.6M | $26.8M |
| Amortization | $1.6M | — | $400.0K | $2.5M | $4.4M | $5.3M | $5.1M | $4.6M |
| Stock-Based Compensation | $10.2M | $9.0M | $11.4M | $9.1M | $9.6M | $7.1M | $6.1M | $6.0M |
| Net Cash from Operating Activities | $283.8M | $261.5M | $251.6M | $225.9M | $101.8M | $174.2M | $170.8M | $197.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $77.7M | $58.0M | $67.6M | $90.2M | $132.0M | $87.9M | $82.6M | $70.9M |
| Business Acquisitions | $399.3M | $78.8M | $0 | $0 | — | $0 | $0 | $55.4M |
| Net Cash from Investing Activities | $-470.0M | $-148.2M | $-67.4M | $-90.8M | $-132.2M | $-89.0M | $-83.3M | $-126.9M |
| Financing Activities | ||||||||
| Dividends Paid | $108.8M | $103.5M | $97.9M | $92.4M | $86.8M | $81.2M | $75.6M | $70.1M |
| Stock Repurchases | $36.3M | $8.0M | $7.6M | $9.2M | $7.6M | $8.5M | $5.5M | $7.4M |
| Net Cash from Financing Activities | $49.8M | $-115.3M | $-109.2M | $-106.9M | $-97.3M | $-95.4M | $-85.5M | $-80.2M |
| Net Change in Cash | — | — | — | — | — | — | — | $-9.5M |
| Free Cash Flow | $206.1M | $203.5M | $184.0M | $135.7M | $-30.2M | $86.3M | $88.1M | $126.7M |