Tractor Supply Company
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $1.10B | $1.10B | $1.11B | $1.09B | $997.1M | $749.0M | $562.4M | $532.4M |
| Depreciation & Amortization | $494.0M | $447.2M | $393.0M | $343.1M | $270.2M | $217.1M | $196.0M | $177.4M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $57.1M | $48.4M | $57.0M | $53.8M | $47.6M | $37.3M | $31.1M | $28.9M |
| Net Cash from Operating Activities | $1.64B | $1.42B | $1.33B | $1.36B | $1.14B | $1.39B | $811.7M | $694.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $894.8M | $784.0M | $753.9M | $773.4M | $628.4M | $294.0M | $217.5M | $278.5M |
| Business Acquisitions | $139.9M | $0 | $0 | $390.8M | $0 | $0 | $0 | $0 |
| Net Cash from Investing Activities | $-778.6M | $-643.9M | $-653.1M | $-1.09B | $-627.3M | $-292.2M | $-215.0M | $-276.3M |
| Financing Activities | ||||||||
| Dividends Paid | $487.7M | $472.5M | $449.6M | $409.6M | $239.0M | $174.7M | $162.7M | $147.1M |
| Stock Repurchases | $361.3M | $560.6M | $594.4M | $700.1M | $798.9M | $343.0M | $533.3M | $349.8M |
| Net Cash from Financing Activities | $-914.1M | $-922.5M | $-486.4M | $-938.8M | $-975.1M | $155.2M | $-598.8M | $-440.9M |
| Net Change in Cash | $-57.4M | $-145.6M | $194.6M | $-675.5M | $-463.7M | $1.26B | $-2.1M | $-22.8M |
| Free Cash Flow | $740.5M | $636.8M | $580.2M | $583.6M | $510.3M | $1.10B | $594.3M | $415.9M |