Valvoline Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $210.7M | $211.5M | $1.42B | $424.3M | $420.3M | $316.6M | $208.0M | $166.0M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $104.9M | $89.2M | $72.0M | $54.7M | $46.8M | $31.2M | $52.0M | $49.0M |
| Amortization | $14.5M | $16.7M | $16.8M | $16.6M | $16.0M | — | $9.0M | $6.0M |
| Stock-Based Compensation | $10.5M | $12.0M | $12.2M | $14.4M | $13.7M | $12.1M | $9.0M | $12.0M |
| Net Cash from Operating Activities | $297.2M | $265.1M | $-40.8M | $284.2M | $403.9M | $371.7M | $325.0M | $320.0M |
| Investing Activities | ||||||||
| Capital Expenditures | $259.2M | $224.4M | $180.5M | $132.0M | $103.1M | $94.0M | $108.0M | $93.0M |
| Business Acquisitions | $65.0M | $52.7M | $36.3M | $50.7M | $281.7M | $40.1M | $78.0M | $125.0M |
| Net Cash from Investing Activities | $-201.1M | $136.8M | $2.04B | $-207.6M | $-399.9M | $-222.6M | $-188.0M | $-213.0M |
| Financing Activities | ||||||||
| Dividends Paid | $0 | $0 | $21.8M | $89.2M | $90.9M | $84.3M | $80.0M | $58.0M |
| Stock Repurchases | $76.8M | $226.8M | $1.52B | $142.6M | $126.9M | $59.8M | $0 | $325.0M |
| Net Cash from Financing Activities | $-112.9M | $-746.3M | $-1.67B | $-218.9M | $-535.5M | $450.3M | $-71.0M | $-209.0M |
| Net Change in Cash | $-17.1M | $-344.4M | $329.2M | $-147.5M | $-529.1M | $601.1M | $63.0M | $-105.0M |
| Free Cash Flow | $38.0M | $40.7M | $-221.3M | $152.2M | $300.8M | $277.7M | $217.0M | $227.0M |