← WD 40 CO

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 $52.6m $52.9m $65.2m $55.9m $60.7m $70.2m $67.3m $66.0m $69.6m $91.0m
Net Income (Loss) Available to Common Stockholders, Basic $52.3m $52.6m $64.8m $55.6m $60.4m $70.0m $67.1m $65.7m $69.4m $90.7m
Depreciation, Depletion and Amortization $6.5m $6.8m $7.8m $7.6m $7.7m $7.0m $8.3m $8.2m $9.5m $8.2m
Amortization of Intangible Assets $3.0m $2.9m $3.0m $2.7m $2.2m $1.4m $1.4m $1.0m $1.1m $183k
Capitalized Computer Software, Amortization — — — — — — $0 $0 $1.2m $1.7m
Depreciation $3.5m $3.9m $4.8m $4.9m $5.5m $5.6m $6.9m $7.1m $8.0m $7.6m
Deferred Income Tax Expense (Benefit) ($1.6m) $2.7m ($7.5m) $792k ($423k) ($1.6m) $317k ($865k) ($1.1m) $870k
Share-based Payment Arrangement, Noncash Expense $3.7m $4.1m $4.2m $4.4m $5.4m $9.6m $6.7m $6.4m $6.5m $7.3m
Payment, Tax Withholding, Share-based Payment Arrangement — — $1.8m $2.8m $2.6m $3.7m $4.5m $861k $2.4m $2.9m
Share-based Payment Arrangement, Expense $3.7m $4.1m $4.2m $4.4m $5.4m $9.6m $6.7m $6.4m $6.5m $7.3m
Goodwill, Impairment Loss $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Impairment of Intangible Assets, Finite-lived $0 $0 $0 $0 $0 $0 $0 $0 $0 $0
Gain (Loss) on Disposition of Property Plant Equipment $75k $115k $164k $99k $124k $249k $311k $90k $241k $409k
Income Tax Expense (Benefit) $20.2m $21.7m $10.0m $24.9m $14.8m $16.3m $16.8m $19.2m $21.9m $10.6m
Interest Expense Nonoperating — — — — — — — — $4.3m $3.4m
Operating Lease, Expense — — — — $2.0m $2.1m $2.0m $2.1m $2.3m $2.6m
Other Nonoperating Income (Expense) $2.5m $787k $339k $774k $641k ($28k) ($582k) $822k ($1.0m) $757k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Accounts Receivable $9.9m ($482k) $5.6m $7.3m $4.5m $6.6m $7.4m $5.3m $15.5m ($319k)
Increase (Decrease) in Inventories $1.0m $3.5m $1.3m $4.8m ($555k) $13.8m $52.7m ($19.4m) ($6.4m) $5.2m
Foreign Currency Transaction Gain (Loss), before Tax $2.4m $400k $100k $600k $400k $300k $1.1m $500k ($1.3m) $700k
Foreign Currency Transaction Gain (Loss), Unrealized $986k ($364k) $302k ($651k) ($265k) $511k ($1.0m) $1.7m ($200k) ($355k)
Goodwill $95.6m $95.6m $95.6m $95.3m $95.7m $95.9m $95.2m $95.5m $97.0m $97.2m
Inventory Write-down — — — — — — — $713k $1.4m $1.1m
Investment Income, Interest $683k $508k $454k $155k $93k $81k $102k $231k $474k $517k
Operating Expenses $143.0m $138.0m $146.7m $150.0m $145.8m $174.9m $167.4m $184.5m $218.9m $237.6m
Net Cash Provided by (Used in) Operating Activities $60.6m $52.3m $64.8m $62.9m $72.7m $84.7m $2.6m $98.4m $92.0m $87.9m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $4.4m $20.1m $12.4m $13.3m $19.3m $15.1m $8.3m $6.9m $4.2m $4.5m
Payments to Acquire Businesses, Net of Cash Acquired — — — — — — — — $6.2m $0
Net Cash Provided by (Used in) Investing Activities ($20.9m) ($42.3m) $71.2m ($12.7m) ($18.9m) ($14.5m) ($7.7m) ($6.2m) ($9.7m) ($2.4m)
Cash flows from financing activities:
Proceeds from Issuance of Long-term Debt — — — — — $52.0m — $0 — —
Repayments of Long-term Debt — — $400k $800k $800k $800k $800k $800k $800k $800k
Proceeds from Issuance of Common Stock $1.2m $775k $215k — — — — — — —
Payments for Repurchase of Common Stock $32.1m $31.1m $22.6m $29.6m $16.8m — $29.2m $10.4m $8.1m $12.3m
Dividends paid $23.7m $26.8m $29.6m $32.9m $36.0m $38.2m $42.0m $44.6m $47.2m $50.3m
Net Cash Provided by (Used in) Financing Activities ($38.5m) ($23.6m) ($121.4m) ($69.0m) ($26.7m) ($40.7m) ($38.0m) ($85.0m) ($83.9m) ($74.1m)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents ($4.2m) ($252k) ($2.8m) ($2.8m) $2.2m ($6k) ($5.0m) $3.2m $193k $10k
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect ($4.2m) ($252k) ($2.8m) ($21.6m) $29.2m $29.5m ($48.1m) $10.3m ($1.4m) $11.4m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — — — — — $37.8m $48.1m $46.7m $58.1m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities — $2.6m $4.3m $2.2m $2.3m $2.3m $2.7m $5.5m $4.5m $3.5m
Income Taxes Paid, Net $16.5m $21.9m $10.5m $16.9m $12.6m $19.3m $18.3m $12.8m $19.8m $26.4m

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