SWK HOLDINGS CORPORATION
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $-2.5M | $13.5M | $15.9M | $13.5M | $25.9M | $5.2M | $23.8M | $6.2M |
| Depreciation & Amortization | $40.0K | $1.4M | $2.6M | $2.6M | $4.1M | $12.1M | $5.0M | $17.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $0 | $500.0K | $1.7M | $1.8M | $3.5M | — | — | — |
| Stock-Based Compensation | $1.2M | $944.0K | $509.0K | $500.0K | $1.2M | $728.0K | $530.0K | $267.0K |
| Net Cash from Operating Activities | $27.3M | $23.0M | $14.9M | $8.2M | $34.3M | $19.3M | $18.5M | $19.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $512.0K | $138.0K | $496.0K | $297.0K | $1.1M | $3.9M | $48.0K | — |
| Business Acquisitions | — | — | — | — | — | — | $19.7M | — |
| Net Cash from Investing Activities | $68.1M | $-10.1M | $-48.9M | $-43.5M | $25.8M | $-35.2M | $-26.7M | $-28.1M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | — | — | — |
| Stock Repurchases | $3.1M | $6.0M | $6.3M | $1.1M | — | $2.0M | $883.0K | $1.4M |
| Net Cash from Financing Activities | $-58.5M | $-12.2M | $33.1M | $-1.4M | $-20.2M | $7.7M | $-883.0K | $-1.8M |
| Net Change in Cash | $36.8M | $691.0K | $-920.0K | $-36.7M | $39.9M | $-8.2M | $-9.1M | $-10.3M |
| Free Cash Flow | $26.8M | $22.9M | $14.4M | $7.9M | $33.2M | $15.3M | $18.5M | — |