Winmark Corporation
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $41.7M | $40.0M | $40.2M | $39.4M | $39.9M | $29.8M | $32.1M | $30.1M |
| Depreciation & Amortization | $746.7K | $799.3K | $772.7K | $603.1K | $430.6K | $484.7K | $400.1K | $314.1K |
| Depreciation | $392.7K | $445.3K | $418.7K | $411.4K | $430.6K | — | — | — |
| Amortization | $354.0K | $354.0K | $354.0K | $191.7K | — | — | — | — |
| Stock-Based Compensation | $2.3M | $2.0M | $2.0M | $1.7M | $1.4M | $1.3M | $1.7M | $2.0M |
| Net Cash from Operating Activities | $44.9M | $42.2M | $44.0M | $43.8M | $48.3M | $43.2M | $50.6M | $34.9M |
| Investing Activities | ||||||||
| Capital Expenditures | $192.3K | $194.9K | $383.9K | $139.1K | $74.7K | $45.1K | $169.4K | $693.5K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-192.3K | $-194.9K | $-383.9K | $-3.7M | $-283.1K | $-4.2M | $-9.2M | $453.9K |
| Financing Activities | ||||||||
| Dividends Paid | $49.1M | $38.9M | $43.7M | $19.3M | $33.2M | $14.2M | $3.4M | $2.2M |
| Stock Repurchases | $2.4M | — | — | $49.1M | $44.2M | $49.0M | $24.0M | $1.8M |
| Net Cash from Financing Activities | $-46.6M | $-43.0M | $-43.9M | $-37.9M | $-43.3M | $-57.6M | $-18.9M | $-34.0M |
| Net Change in Cash | $-1.9M | $-1.1M | $-294.1K | $2.2M | $4.8M | $-18.5M | $22.6M | $1.4M |
| Free Cash Flow | $44.7M | $42.0M | $43.6M | $43.7M | $48.3M | $43.2M | $50.5M | $34.2M |