Smith-Midland Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $12.5M | $7.7M | $795.0K | $800.0K | $7.6M | $2.7M | $1.9M | $1.7M |
| Depreciation & Amortization | $2.9M | $2.7M | $2.4M | $2.9M | $2.7M | $2.4M | $1.8M | $1.2M |
| Depreciation | $2.9M | $2.7M | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $59.0K | $45.0K | $375.0K | $505.0K | $531.0K | $163.0K | $270.0K | $242.0K |
| Net Cash from Operating Activities | $14.3M | $5.2M | $7.7M | $-6.3M | $9.1M | $7.5M | $3.9M | $8.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $9.3M | $6.2M | $5.0M | $2.7M | $5.4M | $2.6M | $4.5M | $5.2M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-9.3M | $-6.2M | $-4.7M | $-2.6M | $-3.7M | $-2.4M | $-4.7M | $-10.6M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | $0 | $282.0K | $281.0K | $256.0K |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-647.0K | $-635.0K | $-619.0K | $2.2M | $-744.0K | $2.3M | $227.0K | $726.0K |
| Net Change in Cash | — | — | $2.4M | $-6.8M | $4.7M | $7.4M | $-582.0K | $-1.4M |
| Free Cash Flow | $5.0M | $-1.0M | $2.7M | $-9.1M | $3.8M | $4.9M | $-581.0K | $3.2M |