WINMARK CORPORATION
Cash Flow Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $24.6M | $22.1M | $21.8M | $20.1M | $18.2M | $12.9M | $14.1M | $10.3M |
| Depreciation & Amortization | $355.4K | $420.5K | $432.6K | $412.0K | $431.5K | $433.3K | $479.1K | $466.2K |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $2.0M | $1.8M | $1.7M | $1.4M | $1.2M | $930.2K | $755.7K | $725.5K |
| Net Cash from Operating Activities | $25.2M | $26.3M | $22.3M | $18.0M | $21.6M | $18.2M | $20.6M | $12.4M |
| Investing Activities | ||||||||
| Capital Expenditures | $72.6K | $68.6K | $133.9K | $452.4K | $396.4K | $188.3K | $168.0K | $408.6K |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $85.2K | $-3.2M | $4.5M | — | — | — | — | — |
| Financing Activities | ||||||||
| Dividends Paid | $1.8M | $1.5M | $1.2M | $26.9M | $964.3K | $26.1M | $547.6K | $301.2K |
| Stock Repurchases | $49.9M | $1.6M | $74.9M | $11.6M | $1.9M | $7.2M | $3.5M | $4.0M |
| Net Cash from Financing Activities | $-25.4M | $-22.8M | $-27.9M | — | — | — | — | — |
| Net Change in Cash | $-179.7K | $246.2K | $-1.1M | — | — | — | — | — |
| Free Cash Flow | $25.1M | $26.2M | $22.2M | $17.5M | $21.3M | $18.0M | $20.4M | $12.0M |