Valmont Industries, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $350.3M | $348.3M | $150.8M | $250.9M | $195.6M | $142.1M | $152.1M | $107.7M |
| Depreciation & Amortization | $88.5M | $95.4M | $98.7M | $97.2M | $92.6M | $82.9M | $82.3M | $82.8M |
| Depreciation | $77.3M | $81.2M | $78.1M | $73.9M | $70.2M | $63.9M | $64.2M | $67.5M |
| Amortization | $11.3M | $14.2M | $19.5M | $22.1M | $21.3M | $18.1M | $18.1M | $15.3M |
| Stock-Based Compensation | $24.3M | $29.9M | $39.2M | $41.9M | $28.7M | $14.9M | $11.6M | $10.4M |
| Net Cash from Operating Activities | $456.5M | $572.7M | $306.8M | $326.3M | $65.9M | $316.3M | $307.6M | $153.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $145.0M | $79.5M | $96.8M | $93.3M | $107.8M | $106.7M | $97.4M | $72.0M |
| Business Acquisitions | — | — | $32.7M | $39.3M | $312.5M | $15.9M | $81.8M | $143.0M |
| Net Cash from Investing Activities | $-142.7M | $-78.9M | $-115.3M | $-132.1M | $-417.3M | $-104.0M | $-168.2M | $-155.4M |
| Financing Activities | ||||||||
| Dividends Paid | $52.5M | $48.4M | $49.5M | $45.8M | $41.4M | $36.9M | $32.6M | $33.7M |
| Stock Repurchases | $198.1M | $70.1M | $345.3M | $40.5M | $26.1M | $56.5M | $62.9M | $114.8M |
| Net Cash from Financing Activities | $-298.9M | $-522.6M | $-176.4M | $-181.9M | $133.5M | $-173.8M | $-99.0M | $-162.1M |
| Net Change in Cash | $22.8M | $-38.7M | $17.6M | $8.2M | $-223.5M | $47.2M | $40.3M | $-179.6M |
| Free Cash Flow | $311.4M | $493.2M | $210.0M | $233.0M | $-41.9M | $209.6M | $210.2M | $81.0M |