WD-40 Company
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $91.0M | $69.6M | $66.0M | $67.3M | $70.2M | $60.7M | $55.9M | $65.2M |
| Depreciation & Amortization | $8.2M | $9.5M | $8.2M | $8.3M | $7.0M | $7.7M | $7.6M | $7.8M |
| Depreciation | $7.6M | $8.0M | $7.1M | $6.9M | $5.6M | $5.5M | $4.9M | $4.8M |
| Amortization | $183.0K | $1.1M | $1.0M | $1.4M | $1.4M | $2.2M | $2.7M | $3.0M |
| Stock-Based Compensation | $7.3M | $6.5M | $6.4M | $6.7M | $9.6M | $5.4M | $4.4M | $4.2M |
| Net Cash from Operating Activities | $87.9M | $92.0M | $98.4M | $2.6M | $84.7M | $72.7M | $62.9M | $64.8M |
| Investing Activities | ||||||||
| Capital Expenditures | $4.5M | $4.2M | $6.9M | $8.3M | $15.1M | $19.3M | $13.3M | $12.4M |
| Business Acquisitions | $0 | $6.2M | $0 | $0 | — | — | — | — |
| Net Cash from Investing Activities | $-2.4M | $-9.7M | $-6.2M | $-7.7M | $-14.5M | $-18.9M | $-12.7M | $71.2M |
| Financing Activities | ||||||||
| Dividends Paid | $50.3M | $47.2M | $44.6M | $42.0M | $38.2M | $36.0M | $32.9M | $29.6M |
| Stock Repurchases | $12.3M | $8.1M | $10.4M | $29.2M | $0 | $16.8M | $29.6M | $22.6M |
| Net Cash from Financing Activities | $-74.1M | $-83.9M | $-85.0M | $-38.0M | $-40.7M | $-26.7M | $-69.0M | $-121.4M |
| Net Change in Cash | $11.4M | $-1.4M | $10.3M | $-48.1M | $29.5M | $29.2M | $-21.6M | $11.8M |
| Free Cash Flow | $83.4M | $87.8M | $91.5M | $-5.7M | $69.7M | $53.4M | $49.6M | $52.5M |