Bassett Furniture Industries, Incorporated (BSET) Cash Flow Statement
Where BSET’s cash came from and went, FY2025
November 30, 2025 · U.S. dollars- Cash from operations
- $13.5M +233.1% vs FY2024
- Capital expenditures
- $4.5M 1.4% of revenue
- Free cash flow
- $9.0M 2.7% margin
- Returned to shareholders
- $9.1M 101% of free cash flow
- Change in cash
- $1.7M cash at year-end $41.3M
Drawn to scale: where the cash came from and how it was used. Hover for values.
BSET operating cash flow, capex and free cash flow
BSET cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $39.1MFY2016 | $13.5MFY2025 | −11.1%/yr | |
| Capital expenditures | $21.5MFY2016 | $4.5MFY2025 | −15.9%/yr | |
| Free cash flow | $17.6MFY2016 | $9.0MFY2025 | −7.2%/yr | |
| Free cash flow margin | 4.1%FY2016 | 2.7%FY2025 | −1.4 pts | |
| Operating cash flow / net income | 2.47FY2016 | 2.21FY2025 | −0.26 | |
| Stock-based compensation | $903,000FY2016 | $804,000FY2024 | −1.4%/yr | |
| Dividends paid | $6.3MFY2016 | $6.9MFY2025 | +1.1%/yr | |
| Share buybacks (net) | $6.4MFY2016 | $2.1MFY2025 | −11.4%/yr | |
| Capex / revenue | 5.0%FY2016 | 1.4%FY2025 | −3.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
BSET cash flow by activity
BSET net income vs operating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
BSET cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $6.1M | −$9.7M | −$3.2M | $65.3M | $18.0M | −$10.4M | −$1.9M | $8.2M | $18.3M | $15.8M |
| Depreciation & amortization | $8.8M | $9.9M | $10.1M | $11.3M | $14.6M | $13.5M | $13.5M | $13.2M | $13.3M | $12.2M |
| Stock-based compensation | — | $804,000 | $849,000 | $538,000 | −$523,000 | $14.6M | $6.9M | $1.1M | $1.0M | $903,000 |
| Change in working capital | −$6.5M | −$2.2M | $22.2M | −$23.5M | −$22.8M | $13.0M | −$7.4M | −$7.9M | $6.5M | $6.0M |
| Other non-cash items | $5.1M | $5.3M | −$11.3M | −$56.7M | $5.2M | $6.1M | −$1.2M | $15.2M | −$2.0M | $4.1M |
| Cash from operating activities | $13.5M | $4.0M | $18.7M | −$3.0M | $14.6M | $36.7M | $9.8M | $29.9M | $37.1M | $39.1M |
| Investing activities | ||||||||||
| Capital expenditures | −$4.5M | −$5.2M | −$17.5M | −$21.3M | −$10.8M | −$6.0M | −$17.4M | −$18.3M | −$15.5M | −$21.5M |
| Investments (net) | $2.4M | −$8.8M | −$17.8M | $65.8M | −$11.6M | −$279,000 | $5.2M | $482,000 | −$6.1M | −$20.8M |
| Acquisitions & other investing | −$597,000 | $5.2M | $17.5M | $21.3M | $10.8M | $2.6M | $995,000 | −$14.2M | $14.6M | $21.5M |
| Cash from investing activities | −$2.7M | −$8.8M | −$17.8M | $65.8M | −$11.6M | −$3.7M | −$11.2M | −$32.0M | −$7.0M | −$20.8M |
| Financing activities | ||||||||||
| Dividends paid | −$6.9M | −$6.7M | −$6.0M | −$20.2M | −$7.7M | −$4.5M | −$5.1M | −$8.8M | −$7.7M | −$6.3M |
| Share repurchases & issuance (net) | −$2.1M | −$1.4M | −$4.2M | −$15.1M | −$5.6M | −$2.2M | −$7.3M | −$5.9M | −$83,000 | −$6.4M |
| Net borrowing (repayment) | −$145,000 | −$253,000 | −$278,000 | −$684,000 | −$1.3M | −$121,000 | −$292,000 | −$3.5M | −$3.3M | −$6.9M |
| Shares issued | $335,000 | $371,000 | $318,000 | $424,000 | $363,000 | $285,000 | $328,000 | $355,000 | $0 | $0 |
| Other financing | −$136,000 | −$161,000 | −$109,000 | −$19,000 | −$177,000 | −$228,000 | $25,000 | −$647,000 | −$347,000 | $219,000 |
| Cash from financing activities | −$9.0M | −$8.1M | −$10.2M | −$35.6M | −$14.4M | −$6.8M | −$12.4M | −$18.5M | −$11.4M | −$19.4M |
| Summary | ||||||||||
| Net change in cash | $1.7M | −$12.9M | −$9.2M | $27.3M | −$11.4M | $26.1M | −$13.8M | −$20.5M | $18.8M | −$1.1M |
| Cash at end of period | $41.3M | $39.6M | $52.4M | $61.6M | $34.4M | $45.8M | $19.7M | $33.5M | $53.9M | $35.1M |
| Free cash flow | $9.0M | −$1.2M | $1.2M | −$24.3M | $3.8M | $30.6M | −$7.6M | $10.4M | $20.9M | $17.6M |
| Free cash flow margin | 2.7% | −0.4% | 0.3% | −5.0% | 0.9% | 9.1% | −1.7% | 2.3% | 4.6% | 4.1% |
| Capex / revenue | 1.4% | 1.6% | 4.5% | 4.4% | 2.5% | 1.8% | 3.8% | 4.0% | 3.4% | 5.0% |
| Operating cash flow / net income | 2.21 | — | — | −0.05 | 0.81 | — | — | 3.64 | 2.03 | 2.47 |
| Aug '26 | May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $2.1M | $2.0M | $1.1M | $1.5M | $801,000 | $1.9M | $1.9M | $3.2M | −$4.5M | −$7.2M | −$1.2M | −$4.1M |
| Depreciation & amortization | $2.2M | $2.3M | $2.2M | $2.2M | $2.1M | $2.2M | $2.2M | $2.3M | $2.3M | $2.6M | $2.7M | $2.6M |
| Stock-based compensation | — | — | — | — | — | — | — | $804,000 | — | — | $3.6M | $849,000 |
| Change in working capital | $1.6M | $3.1M | −$8.9M | $2.8M | −$4.7M | $1.6M | −$5.5M | −$1.0M | $1.8M | $4.4M | −$5.2M | $6.5M |
| Other non-cash items | $222,000 | −$50,000 | $49,000 | $1.2M | $566,000 | $1.2M | $1.4M | $1.1M | −$2,000 | $6.0M | −$7.6M | $2.5M |
| Cash from operating activities | $6.1M | $7.4M | −$5.5M | $7.8M | −$1.2M | $7.0M | −$52,000 | $6.4M | −$404,000 | $5.8M | −$7.7M | $8.5M |
| Investing activities | ||||||||||||
| Capital expenditures | −$4.3M | −$1.7M | −$863,000 | −$793,000 | −$1.5M | −$1.4M | −$871,000 | −$491,000 | −$1.0M | −$1.6M | −$2.1M | −$2.8M |
| Investments (net) | — | — | — | — | −$1.8M | −$1.5M | −$882,000 | −$3.1M | −$1.6M | −$1.7M | −$2.3M | −$2.4M |
| Acquisitions & other investing | −$533,000 | −$533,000 | −$25,000 | $2.2M | $1.5M | $1.4M | $871,000 | $491,000 | $1.0M | $1.6M | $2.1M | $2.8M |
| Cash from investing activities | −$4.8M | −$2.3M | −$888,000 | $1.4M | −$1.8M | −$1.5M | −$882,000 | −$3.1M | −$1.6M | −$1.7M | −$2.3M | −$2.4M |
| Financing activities | ||||||||||||
| Dividends paid | −$1.7M | −$1.7M | −$1.7M | −$1.7M | −$1.7M | −$1.7M | −$1.7M | −$1.7M | −$1.8M | −$1.6M | −$1.6M | −$1.6M |
| Share repurchases & issuance (net) | −$126,000 | −$506,000 | −$147,000 | −$628,000 | −$364,000 | −$437,000 | −$721,000 | −$293,000 | −$638,000 | −$489,000 | −$161,000 | −$120,000 |
| Net borrowing (repayment) | — | −$62,000 | −$60,000 | −$45,000 | −$33,000 | −$23,000 | −$44,000 | −$43,000 | −$57,000 | — | — | — |
| Shares issued | $0 | $95,000 | $78,000 | $86,000 | $84,000 | $85,000 | $80,000 | $96,000 | $96,000 | $93,000 | $86,000 | $43,000 |
| Other financing | $31,000 | −$3,000 | −$73,000 | $0 | $0 | $0 | −$136,000 | $0 | $0 | −$79,000 | −$74,000 | −$70,000 |
| Cash from financing activities | −$1.8M | −$2.2M | −$1.9M | −$2.3M | −$2.0M | −$2.1M | −$2.6M | −$2.0M | −$2.4M | −$2.1M | −$1.7M | −$1.7M |
| Summary | ||||||||||||
| Net change in cash | −$530,000 | $2.9M | −$8.3M | $6.9M | −$5.0M | $3.4M | −$3.5M | $1.2M | −$4.3M | $2.0M | −$11.8M | $4.4M |
| Cash at end of period | $35.4M | $35.9M | $33.0M | $41.3M | $34.4M | $39.4M | $36.1M | $39.6M | $38.3M | $42.6M | $40.6M | $52.4M |
| Free cash flow | $1.8M | $5.6M | −$6.3M | $7.0M | −$2.6M | $5.6M | −$923,000 | $5.9M | −$1.4M | $4.2M | −$9.8M | $5.6M |
| Free cash flow margin | 2.2% | 6.7% | −7.9% | 7.9% | −3.3% | 6.6% | −1.1% | 7.0% | −1.9% | 5.1% | −11.3% | 6.0% |
| Capex / revenue | 5.2% | 2.1% | 1.1% | 0.9% | 1.8% | 1.7% | 1.1% | 0.6% | 1.4% | 1.9% | 2.4% | 3.0% |
| Operating cash flow / net income | 2.91 | 3.61 | −4.90 | 5.08 | −1.47 | 3.63 | −0.03 | 1.99 | — | — | — | — |
Negative numbers are cash paid out. Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported; data from EODHD.
BSET cash generation
In fiscal 2025 (ended November 30, 2025), Bassett Furniture Industries generated $13.5 million of cash from operations (up 233.1%) and spent $4.5 million on capital expenditures, leaving free cash flow of $9.0 million, 2.7% of revenue. It returned $9.1 million to shareholders through dividends ($6.9 million) and net share buybacks ($2.1 million). Cash and equivalents rose by $1.7 million over the year.
Related: BSET income statement, BSET balance sheet, BSET dividend history. See the BSET stock overview for the latest quote and news.
BSET cash flow FAQ
What is Bassett Furniture Industries's free cash flow?
Bassett Furniture Industries's free cash flow was $9.0 million in fiscal 2025: $13.5 million of operating cash flow minus $4.5 million of capital expenditures It was -$1.2 million a year earlier..
How much cash does Bassett Furniture Industries generate from operations?
Bassett Furniture Industries generated $13.5 million of cash from operating activities in fiscal 2025, 2.21 times its net income of $6.1 million.
How much does Bassett Furniture Industries spend on capital expenditures?
Bassett Furniture Industries spent $4.5 million on capital expenditures in fiscal 2025, 1.4% of revenue, compared with $5.2 million the year before.
How much stock does Bassett Furniture Industries buy back?
Bassett Furniture Industries spent $2.1 million on net share repurchases in fiscal 2025.
How much does Bassett Furniture Industries pay in dividends?
Bassett Furniture Industries paid $6.9 million in dividends in fiscal 2025, 77.4% of free cash flow.