Valvoline Inc.
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 |
|---|---|---|---|
| Operating Activities | |||
| Net Income | $304.0M | $273.0M | $196.0M |
| Depreciation & Amortization | — | — | — |
| Depreciation | $42.0M | $38.0M | $38.0M |
| Amortization | — | — | — |
| Stock-Based Compensation | $9.0M | $0 | $0 |
| Net Cash from Operating Activities | $-130.0M | $311.0M | $330.0M |
| Investing Activities | |||
| Capital Expenditures | $68.0M | $66.0M | $45.0M |
| Business Acquisitions | $68.0M | $83.0M | $5.0M |
| Net Cash from Investing Activities | $-135.0M | $-148.0M | $-26.0M |
| Financing Activities | |||
| Dividends Paid | $40.0M | $0 | $0 |
| Stock Repurchases | $50.0M | $0 | $0 |
| Net Cash from Financing Activities | $295.0M | $10.0M | $-304.0M |
| Net Change in Cash | $29.0M | $172.0M | $0 |
| Free Cash Flow | $-198.0M | $245.0M | $285.0M |