DOUGLAS DYNAMICS, INC
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $55.3M | $39.0M | $44.2M | $40.0M | $11.6M | $6.0M | $19.0M | $1.7M |
| Depreciation & Amortization | $18.6M | $16.7M | $12.3M | $9.2M | $8.7M | $8.0M | $8.2M | $11.7M |
| Depreciation | $7.2M | $6.1M | $4.9M | $3.4M | $3.1M | $2.8M | $3.0M | $5.7M |
| Amortization | $11.4M | $10.6M | $7.4M | $5.8M | $5.6M | $5.2M | $5.2M | $6.0M |
| Stock-Based Compensation | $3.5M | $2.9M | $3.3M | $2.9M | $2.6M | $2.2M | $1.9M | $4.0M |
| Net Cash from Operating Activities | $66.4M | $69.9M | $56.5M | $53.7M | $32.2M | $15.6M | $47.7M | $15.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $7.6M | $9.8M | $10.0M | $5.3M | $2.8M | $1.4M | $2.4M | $3.0M |
| Business Acquisitions | $7.4M | $181.3M | $11.8M | $86.7M | $26.7M | — | — | — |
| Net Cash from Investing Activities | $-14.9M | $-191.2M | $-21.8M | — | — | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | $22.0M | $21.5M | $20.2M | $19.6M | $18.7M | $18.2M | $25.8M | $8.2M |
| Stock Repurchases | — | — | — | — | — | — | — | $166.0K |
| Net Cash from Financing Activities | $-33.1M | $103.0M | $-22.0M | — | — | — | — | — |
| Net Change in Cash | $18.3M | $-18.2M | $12.6M | $4.3M | — | — | — | — |
| Free Cash Flow | $58.8M | $60.1M | $46.5M | $48.5M | $29.5M | $14.2M | $45.4M | $12.8M |