← FLEXSTEEL INDUSTRIES INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $24.2m $23.8m $17.7m ($32.6m) ($26.8m) $23.0m $1.9m $14.8m $10.5m $20.2m
Depreciation $7.6m $7.9m $7.4m $7.4m $8.4m $5.2m $5.2m $4.6m $4.0m $3.7m
Deferred Income Tax Expense (Benefit) $2.7m $1.6m $286k ($6.1m) $5.5m $2.1m — ($7.2m) ($1.5m) ($3.8m)
Deferred Other Tax Expense (Benefit) $2.7m $1.6m $286k ($6.1m) $5.5m $2.1m — ($7.2m) ($1.5m) ($3.8m)
Share-based Payment Arrangement, Noncash Expense $1.5m $1.6m $501k $1.4m $4.9m $3.7m $1.0m $3.2m $4.6m $3.9m
Payment, Tax Withholding, Share-based Payment Arrangement — — $552k $210k $558k $1.4m $628k $951k $1.7m $2.8m
Operating Lease, Impairment Loss — — — — $2.9m — — — — —
Share-based Payment Arrangement, Expensed and Capitalized, Amount — — — — $4.6m $3.7m $1.0m $3.2m $4.6m $3.9m
Gain (Loss) on Disposition of Property Plant Equipment, Excluding Oil and Gas Property and Timber Property — — $1.8m ($71k) ($19.0m) ($5.9m) ($1.8m) ($313k) ($2.8m) $11.5m
Gain (Loss) on Disposition of Assets — — — — $19.0m $5.9m $1.8m $313k $2.8m $9.4m
Gain (Loss) on Disposition of Business — — — — — — — — — $8.7m
Gain (Loss) on Disposition of Property Plant Equipment $34k $512k $1.8m $71k $19.2m $5.9m $1.4m ($313k) $3.3m $11.5m
Income Tax Expense (Benefit) $13.7m $13.8m $7.5m ($10.0m) ($6.9m) $8.4m $4.0m ($5.6m) $5.0m $6.8m
Operating Lease, Expense — — — — — — $3.2m $3.2m — —
Other Nonoperating Income (Expense) — — — $546k $638k $267k ($714k) ($1.3m) ($1.5m) $351k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable ($584k) ($2.4m) ($1.2m) ($3.1m) ($4.4m) $25.2m ($15.1m) ($3.3m) $5.9m ($9.3m)
Increase (Decrease) in Inventories ($27.9m) $13.5m ($3.2m) ($2.5m) ($23.1m) $90.6m ($19.9m) ($19.1m) ($25.5m) ($7.4m)
Environmental Remediation Expense — — $3.6m — — — — — — —
Investment Income, Interest — — — — — — — — — $421k
Nonoperating Income (Expense) — — — $546k — — — — — —
Pension Cost (Reversal of Cost) $100k $200k $200k $0 — — — — — —
Restructuring Costs — — — — $37.5m $3.5m $730k — $3.0m —
Net Cash Provided by (Used in) Operating Activities $54.4m $26.4m $27.3m $6.7m $18.3m ($32.7m) $8.0m $23.0m $31.9m $37.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.4m $13.5m $29.4m $21.3m $3.7m $2.6m $3.9m $4.8m $4.8m $3.3m
Payments to Acquire Investments $3.1m $30.5m $42.2m $13.0m $1.7m $47k — — — —
Gains (Losses) on Sales of Investment Real Estate — — — — — — — — — $753k
Net Cash Provided by (Used in) Investing Activities ($4.7m) ($29.7m) ($21.4m) ($5.2m) $16.8m $16.1m ($1.9m) ($4.5m) ($593k) $9.4m
Cash flows from financing activities:
Proceeds from Issuance of Common Stock $1.6m $1.1m $233k $81k $21k $94k $117k — $88k $141k
Dividends paid $5.5m $6.1m $6.7m $6.9m $7.0m $2.6m $3.9m $3.2m $3.2m $3.6m
Dividends Payable, Current $1.4m $1.6m $1.7m $1.8m $567k $1.2m $972k $988k $973k $1.3m
Net Cash Provided by (Used in) Financing Activities ($14.2m) ($4.6m) ($7.1m) ($7.0m) ($9.1m) ($30.2m) ($5.2m) ($17.4m) ($29.9m) ($11.2m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $2.2m $3.4m $4.8m $40.0m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — $82k $10k $743k $1.1m $1.7m $107k
Income Taxes Paid, Net $10.1m $9.8m $8.5m $1.2m ($4.3m) ($5.6m) ($823k) $4.1m $4.3m $9.4m

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