The Marzetti Company
Cash Flow Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $135.3M | $115.3M | $121.8M | $101.7M | $75.0M | $109.2M | $95.8M | $106.4M |
| Depreciation & Amortization | $26.9M | $24.9M | $24.1M | $21.1M | $20.4M | $20.1M | $20.3M | $18.9M |
| Depreciation | $22.2M | $20.4M | $20.1M | $18.9M | $17.4M | $16.0M | $15.8M | $16.0M |
| Amortization | $4.0M | $3.5M | $2.9M | $1.6M | $946.0K | $945.0K | $1.1M | $1.2M |
| Stock-Based Compensation | $5.0M | $4.2M | $3.3M | $3.0M | $2.5M | $2.9M | — | — |
| Net Cash from Operating Activities | $160.7M | $146.4M | $145.9M | $132.8M | $129.1M | $131.7M | $122.4M | $147.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $31.0M | $27.0M | $16.7M | $18.3M | $16.0M | $24.1M | $16.3M | $35.3M |
| Business Acquisitions | $318.0K | $35.2M | $12.0K | $92.2M | $0 | $0 | — | — |
| Net Cash from Investing Activities | $-31.5M | $-60.6M | $-17.4M | $-112.3M | $8.5M | $-22.4M | $-16.6M | $-35.8M |
| Financing Activities | ||||||||
| Dividends Paid | $64.5M | $59.0M | $190.5M | $49.8M | $47.0M | $178.1M | $38.5M | $35.7M |
| Stock Repurchases | $1.1M | $866.0K | $155.0K | $569.0K | $3.1M | $609.0K | $8.3M | $43.1M |
| Net Cash from Financing Activities | $-66.6M | $-60.8M | $-192.6M | $-49.8M | $-49.4M | $-177.6M | $-46.5M | $-80.3M |
| Net Change in Cash | $62.6M | $25.0M | $-64.1M | $-29.3M | $88.2M | $-68.3M | $59.4M | $31.4M |
| Free Cash Flow | $129.7M | $119.4M | $129.2M | $114.5M | $113.1M | $107.5M | $106.1M | $112.1M |