USA TODAY Co., Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.7M | $-26.4M | $-27.8M | $-78.0M | $-135.0M | $-670.5M | $-119.8M | $18.2M |
| Depreciation & Amortization | $165.8M | $156.3M | $162.6M | $182.0M | $204.0M | $263.8M | $111.9M | $84.8M |
| Depreciation | $86.4M | $68.2M | $72.6M | $86.4M | $100.9M | $155.3M | $67.2M | $50.8M |
| Amortization | $79.4M | $88.1M | $90.0M | $95.6M | $103.1M | $108.5M | $44.7M | $34.0M |
| Stock-Based Compensation | $9.1M | $12.5M | $16.6M | $16.8M | $18.4M | $26.4M | $11.3M | $3.2M |
| Net Cash from Operating Activities | $114.4M | $100.3M | $94.6M | $40.8M | $127.5M | $57.8M | $25.5M | $109.6M |
| Investing Activities | ||||||||
| Capital Expenditures | $51.5M | $49.5M | $38.1M | $45.4M | $39.6M | $37.0M | $14.0M | $11.6M |
| Business Acquisitions | — | $0 | $0 | $15.4M | $125.0K | $0 | $796.5M | $204.9M |
| Net Cash from Investing Activities | $9.0M | $-28.0M | $47.0M | $22.1M | $70.6M | $160.1M | $-785.1M | $-201.5M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | $0 | $0 | $91.9M | $87.2M |
| Stock Repurchases | $3.1M | $3.1M | $2.6M | $6.6M | $3.2M | $2.0M | $0 | $0 |
| Net Cash from Financing Activities | $-139.8M | $-68.9M | $-135.5M | $-102.9M | $-261.2M | $-201.3M | $898.9M | $98.5M |
| Net Change in Cash | $-18.4M | $5.6M | $5.8M | $-38.8M | $-63.1M | $18.1M | $135.9M | $6.6M |
| Free Cash Flow | $62.9M | $50.8M | $56.5M | $-4.6M | $87.9M | $20.8M | $11.6M | $97.9M |