Value Line, Inc.
Cash Flow Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $14.7M | $10.4M | $7.3M | $7.3M | $6.8M | $6.6M | $6.9M | $37.8M |
| Depreciation & Amortization | $1.1M | $4.6M | $3.8M | $2.7M | $2.1M | $1.6M | $724.0K | $593.0K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | — | — | — | — | — | — | — | $1.8M |
| Net Cash from Operating Activities | $9.9M | $4.0M | $2.0M | $1.4M | $3.5M | $1.2M | $2.4M | $10.7M |
| Investing Activities | ||||||||
| Capital Expenditures | $408.0K | $1.3M | $227.0K | $120.0K | $206.0K | $331.0K | $48.0K | $106.0K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-1.2M | $-2.8M | $12.2M | — | — | — | $11.3M | $3.8M |
| Financing Activities | ||||||||
| Dividends Paid | $8.9M | $6.6M | $6.2M | $5.9M | $5.9M | $5.9M | $7.5M | $24.0M |
| Stock Repurchases | $354.0K | $741.0K | $796.0K | $122.0K | $550.0K | $182.0K | $946.0K | $90.0K |
| Net Cash from Financing Activities | $-9.3M | $-7.4M | $-7.0M | — | — | — | $-8.4M | $-24.0M |
| Net Change in Cash | $-616.0K | $-6.6M | $7.2M | $86.0K | $-1.1M | $-5.2M | $5.2M | $-9.6M |
| Free Cash Flow | $9.5M | $2.8M | $1.8M | $1.3M | $3.3M | $837.0K | $2.3M | $10.6M |