Twin Disc, Incorporated
Cash Flow Statement
| Line Item | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $27.1M | $-697.0K | $11.0M | $10.4M | $10.5M | $-29.7M | $-39.8M | $10.7M |
| Depreciation & Amortization | $13.7M | $14.9M | $10.0M | $9.4M | $9.5M | $11.2M | $11.9M | $9.3M |
| Depreciation | $10.5M | $10.0M | $6.7M | $6.4M | $6.4M | $7.9M | $7.4M | $6.7M |
| Amortization | $2.9M | $4.0M | $3.3M | $3.0M | $3.2M | $3.4M | $4.5M | $2.7M |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $22.9M | $24.0M | $33.7M | $22.9M | $-8.3M | $6.5M | $9.1M | $-5.5M |
| Investing Activities | ||||||||
| Capital Expenditures | $13.7M | $15.2M | $8.7M | $7.9M | $4.7M | $4.5M | $10.7M | $12.0M |
| Business Acquisitions | — | $17.2M | — | — | — | — | — | $60.2M |
| Net Cash from Investing Activities | $-14.1M | $-32.9M | $-32.1M | $-408.0K | $5.9M | $-2.7M | $-10.1M | $-66.9M |
| Financing Activities | ||||||||
| Dividends Paid | $2.3M | $2.3M | $1.7M | $0 | — | — | — | — |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-6.6M | $-965.0K | $2.8M | $-19.5M | $4.1M | $-4.3M | $-1.1M | $69.2M |
| Net Change in Cash | $-80.0K | $-4.0M | $6.8M | $742.0K | $181.0K | $1.7M | $-1.7M | $-2.8M |
| Free Cash Flow | $9.2M | $8.8M | $25.0M | $15.0M | $-13.0M | $2.1M | $-1.6M | $-17.4M |