UNITED-GUARDIAN, INC.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $2.1M | $3.3M | $2.6M | $2.6M | $4.7M | $3.3M | $4.8M | $4.4M |
| Depreciation & Amortization | $108.2K | $95.9K | $105.7K | $135.4K | $146.0K | $165.3K | $175.8K | $191.9K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | — |
| Net Cash from Operating Activities | $2.0M | $3.5M | $3.1M | $2.5M | $5.3M | $3.6M | $4.5M | $5.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $59.0K | $433.1K | $165.7K | $75.2K | $116.4K | $43.4K | $113.8K | $75.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $175.3K | $-7.1M | $4.7M | $897.6K | $-183.5K | $-468.7K | $1.1M | $-308.8K |
| Financing Activities | ||||||||
| Dividends Paid | $2.8M | $2.8M | $459.4K | $3.1M | $5.2M | $3.6M | $5.0M | $4.8M |
| Stock Repurchases | — | — | — | — | — | — | — | — |
| Net Cash from Financing Activities | $-2.8M | $-2.8M | $-459.4K | $-3.1M | $-5.2M | $-3.6M | $-5.0M | $-4.8M |
| Net Change in Cash | $-624.6K | $-6.4M | $7.4M | $299.2K | $-60.2K | $-456.9K | $498.2K | $-174.6K |
| Free Cash Flow | $1.9M | $3.0M | $3.0M | $2.4M | $5.2M | $3.6M | $4.4M | $4.9M |