← Barnes & Noble Education, Inc.

Annual Trend FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025 FY 2026
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($90.1m) ($75.0m) ($65.8m) $16.9m
Net Income (Loss) Attributable to Parent $5.4m ($252.6m) ($24.4m) ($38.2m) ($131.8m) ($68.9m) ($101.9m) ($63.2m) ($65.8m) $16.9m
Net Income (Loss) Available to Common Stockholders, Basic $5.4m ($252.6m) ($24.4m) ($38.2m) ($131.8m) ($68.9m) ($101.9m) ($63.2m) ($65.8m) $16.9m
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent — — — — — ($90.1m) ($90.1m) ($62.5m) ($65.8m) —
Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent — — — — — ($11.7m) ($11.7m) ($730k) $0 —
Depreciation and amortization $53.3m $65.6m $65.9m $61.9m $53.0m $49.4m $42.2m $40.6m $37.9m $32.8m
Depreciation, Depletion and Amortization, Nonproduction $53.3m $65.6m $65.9m $61.9m $53.0m $49.4m $42.2m $40.6m $37.9m —
Amortization of Debt Issuance Costs $792k $1.5m $1.6m $1.1m $1.1m $1.5m $3.1m $13.2m $5.2m —
Amortization of Intangible Assets $12.1m $19.1m $21.3m $19.3m $17.9m $17.6m $12.8m $13.3m $14.8m —
Depreciation $41.2m $46.5m $44.5m $42.5m $35.0m $31.8m $29.4m $27.3m $22.9m $32.8m
Amortization Cash Flow — — — — — $386k $26k $0 — —
Amortization Of Intangibles — — — — — $386k $26k $0 — —
Depreciation Amortization Depletion — — — — — — $42.2m $40.6m $37.9m $32.8m
Deferred Income Tax Expense (Benefit) ($12.0m) ($14.8m) ($4.5m) ($5.4m) ($15.4m) ($8.0m) $458k ($552k) ($829k) —
Deferred Income Tax — — — — — — $409k $125k ($829k) ($1.1m)
Deferred Tax — — — — — — $409k $125k ($829k) ($1.1m)
Share-based Payment Arrangement, Noncash Expense $9.4m $8.5m $9.0m $6.6m $5.1m $6.3m $4.7m $3.4m $5.4m —
Goodwill, Impairment Loss $313.1m $313.1m $49.3m — — — — — — —
Asset Impairment Charge — — — — — — $6.0m $7.2m $1.7m $12.6m
Gain (Loss) on Extinguishment of Debt — — — — — — — $0 ($55.2m) —
Gain (Loss) on Disposition of Business — — — — — — $3.5m $3.5m — —
Income Tax Expense (Benefit) $4.7m ($20.4m) ($13.1m) ($12.0m) ($52.5m) ($8.7m) $1.0m $183k $4.3m —
Operating Lease, Expense — — $232.7m $232.7m $177.8m $192.8m $204.6m — — —
Operating Lease, Lease Income — — — — — — — $146.9m $146.9m —
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories ($6.2m) $12.1m ($23.2m) $8.6m ($132.9m) $13.2m ($29.1m) ($21.1m) ($44.5m) —
Accounts Receivable, Credit Loss Expense (Reversal) — — — — — — — $4.1m $4.1m —
Proceeds from Stock Options Exercised — — — — $256k $256k $0 $0 — —
Accrued capital expenditures $34.7m $42.8m $46.4m $36.2m $37.2m $43.5m $25.1m $14.1m $12.9m —
Goodwill $329.5m $49.3m $4.7m $4.7m $4.7m $4.7m — — — —
Proceeds from Contributed Capital — — — — — — — $1.9m $1.9m —
Beginning Cash Position — — — — — — $21.0m $32.0m $28.6m $28.7m
Cash Flow From Continuing Financing Activities — — — — — — ($49.7m) ($5.7m) $97.7m ($34.4m)
Cash Flow From Continuing Investing Activities — — — — — — ($24.5m) ($14.0m) ($12.1m) ($16.2m)
Cash From Discontinued Financing Activities — — — — — — $0 $0 — —
Cash From Discontinued Investing Activities — — — — — ($9.9m) ($6.5m) $21.4m $0 —
Change In Inventory — — — — — — ($29.9m) ($21.8m) $46.4m $619k
Change In Other Working Capital — — — — — — $8.6m $2.9m ($178.4m) ($1.3m)
Change In Payables And Accrued Expense — — — — — $45.9m $82.3m $19.3m — —
Change In Prepaid Assets — — — — — — $19.6m $31.6m $7.1m ($1.8m)
Change In Receivables — — — — — — $43.5m ($6.3m) $761k ($18.4m)
Change In Working Capital — — — — — — $124.2m $6.4m ($124.2m) ($20.9m)
Changes In Cash — — — — — — $11.0m ($3.4m) $153k ($504k)
End Cash Position — — — — — — $32.0m $28.6m $28.7m $28.2m
Financing Cash Flow — — — — — — ($49.7m) ($5.7m) $97.7m ($34.4m)
Free Cash Flow — — — — — — $66.6m ($19.2m) ($98.3m) $33.9m
Investing Cash Flow — — — — — — ($31.0m) $7.4m ($12.1m) ($16.2m)
Issuance Of Capital Stock — — — — — — $0 $0 $173.4m $0
Net PPE Purchase And Sale — — — — — — ($25.1m) ($14.1m) ($12.9m) ($16.2m)
Other Non Cash Items — — — — — — $3.1m $15.8m $5.2m $3.7m
Proceeds From Stock Option Exercised — — — — — $256k $0 $0 — —
Purchase Of PPE — — — — — — ($25.1m) ($14.1m) ($12.9m) ($16.2m)
Repurchase Of Capital Stock — — — — — — ($864k) ($176k) ($5k) $0
Stock Based Compensation — — — — — — $4.7m $3.4m $5.4m $6.2m
Net Cash Provided by (Used in) Operating Activities $68.0m $60.0m ($16.1m) ($16.1m) $32.9m $2.1m $91.7m ($5.1m) ($85.4m) $50.1m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $34.7m $42.8m $46.4m $36.2m $37.2m $43.5m $25.1m $14.1m $12.9m ($16.2m)
Payments to Acquire Businesses, Net of Cash Acquired $186.7m $58.3m $10.0m $0 $0 — — — — —
Net Other Investing Changes — — — — — $872k $591k $78k $793k —
Net Cash Provided by (Used in) Investing Activities — ($100.0m) ($54.6m) ($29.6m) ($36.9m) ($42.7m) ($31.0m) $7.4m ($12.1m) —
Cash flows from financing activities:
Issuance Of Debt — — — — — — $590.3m $563.0m $887.1m $812.9m
Long Term Debt Issuance — — — — — — $590.3m $563.0m $887.1m $812.9m
Net Issuance Payments Of Debt — — — — — — ($41.5m) $10.8m ($62.2m) ($32.5m)
Net Long Term Debt Issuance — — — — — — ($41.5m) $10.8m ($62.2m) ($32.5m)
Long Term Debt Payments — — — — — — ($631.8m) ($552.2m) ($949.3m) ($845.4m)
Repayment Of Debt — — — — — — ($631.8m) ($552.2m) ($949.3m) ($845.4m)
Proceeds from Issuance of Common Stock — — — $15.0m $15.0m — — $78.5m $78.5m —
Common Stock Issuance — — — — — — $0 $0 $173.4m $0
Net Common Stock Issuance — — — — — — ($864k) ($176k) $173.4m $0
Payments for Repurchase of Common Stock $9.4m $1.6m $2.0m $1.3m $894k $2.4m $864k $176k $5k —
Common Stock Payments — — — — — — ($864k) ($176k) ($5k) $0
Net Other Financing Charges — — — — — — ($7.3m) ($16.3m) ($13.5m) ($1.9m)
Net Cash Provided by (Used in) Financing Activities $147.3m $35.2m ($68.3m) $39.9m $11.8m $45.7m ($49.7m) ($5.7m) $97.7m —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — ($4.8m) ($2.1m) ($5.8m) $7.8m $5.1m $11.0m ($3.4m) $153k —
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $16.9m $16.9m $14.8m $9.0m $16.8m $21.9m $32.0m $28.6m $28.7m —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — $11.0m ($3.4m) $153k ($504k)
Interest Paid, Excluding Capitalized Interest, Operating Activities $2.1m $8.0m $6.8m $6.8m $6.8m $8.2m $19.0m $24.9m $17.9m $12.5m
Income Taxes Paid, Net $1.5m $25.5m $10.3m ($4.1m) $6.0m ($8.0m) ($15.2m) ($7.3m) $2.1m $7.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.