CTW Cayman Class A (CTW) Cash Flow Statement
Where CTW’s cash came from and went, FY2025
July 31, 2025 · U.S. dollars- Cash from operations
- $111,375 −93.0% vs FY2024
- Capital expenditures
- $584,665 0.6% of revenue
- Free cash flow
- −$473,290 −0.5% margin
- Returned to shareholders
- —
- Change in cash
- −$2.2M cash at year-end $12.4M
Cash from operations
$111,375
Capital expenditures
−$584,665
Acquisitions & other
−$595,372
Shares issued
+$22,202
Other financing
−$1.1M
Currency & other
−$44,017
Change in cash
−$2.2M
Drawn to scale: where the cash came from and how it was used. Hover for values.
CTW operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
CTW cash flow trends, FY2014–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $2.71BFY2014 | $111,375FY2025 | −67.4%/yr | |
| Capital expenditures | $1.26BFY2014 | $584,665FY2025 | −57.4%/yr | |
| Free cash flow | $1.45BFY2014 | −$473,290FY2025 | — | |
| Free cash flow margin | 16.6%FY2014 | −0.5%FY2025 | −17.1 pts | |
| Operating cash flow / net income | 2.81FY2014 | 0.03FY2025 | −2.79 | |
| Stock-based compensation | $17.0MFY2014 | $24.0MFY2019 | +7.1%/yr | |
| Dividends paid | $1.32BFY2014 | $1.60BFY2020 | +3.2%/yr | |
| Share buybacks (net) | $14.0MFY2014 | $5.0MFY2019 | −18.6%/yr | |
| Capex / revenue | 14.4%FY2014 | 0.6%FY2025 | −13.8 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
CTW cash flow by activity
OperatingInvestingFinancingChange in cash
CTW net income vs operating cash flow
Net incomeOperating cash flow
Operating cash flow above net income usually means earnings are backed by cash (depreciation and stock-based pay are non-cash expenses).
CTW cash flow statement
| FY2025 | FY2024 | FY2023 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $3.8M | $6.0M | $3.4M | $1.83B | $1.67B | $1.66B | $1.08B | $1.07B | $970.0M | $964.0M |
| Depreciation & amortization | $5.1M | $3.7M | $2.1M | $1.36B | $1.44B | $1.58B | $1.68B | $1.84B | $1.97B | $2.08B |
| Stock-based compensation | — | — | — | — | $24.0M | $27.0M | $22.0M | $21.0M | $21.0M | $17.0M |
| Change in working capital | −$13.5M | −$9.5M | −$8.1M | −$497.0M | $1.0M | $663.0M | −$270.0M | −$405.0M | $534.0M | $310.0M |
| Other non-cash items | $4.6M | $1.4M | $5.1M | $638.0M | $664.0M | −$1.49B | $136.0M | $62.0M | −$690.0M | −$654.0M |
| Cash from operating activities | $111,375 | $1.6M | $2.6M | $3.33B | $3.79B | $2.44B | $2.65B | $2.59B | $2.80B | $2.71B |
| Investing activities | ||||||||||
| Capital expenditures | −$584,665 | −$710,457 | −$134,788 | −$26.0M | −$1.04B | −$1.33B | −$1.26B | −$1.25B | −$1.17B | −$1.26B |
| Investments (net) | — | −$569,647 | −$581,962 | — | — | — | — | — | — | — |
| Acquisitions & other investing | −$595,372 | $106,374 | $231,514 | −$1.70B | −$113.0M | −$108.0M | −$75.0M | $27.0M | −$86.0M | −$117.0M |
| Cash from investing activities | −$1.2M | −$1.2M | −$485,236 | −$1.72B | −$1.15B | −$1.44B | −$1.33B | −$1.22B | −$1.25B | −$1.38B |
| Financing activities | ||||||||||
| Dividends paid | — | — | — | −$1.60B | −$1.27B | −$1.00B | −$1.30B | −$1.35B | −$1.40B | −$1.32B |
| Share repurchases & issuance (net) | — | — | — | — | −$5.0M | −$1.0M | −$5.0M | −$3.0M | −$6.0M | −$14.0M |
| Shares issued | $22,202 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.1M | $0 | $0 | −$12.0M | −$1.35B | −$2.0M | −$11.0M | −$21.0M | −$152.0M | $13.0M |
| Cash from financing activities | −$1.1M | $0 | $0 | −$1.61B | −$2.63B | −$1.00B | −$1.32B | −$1.37B | −$1.56B | −$1.33B |
| Summary | ||||||||||
| Net change in cash | −$2.2M | −$398,587 | $1.1M | −$3.0M | $2.0M | −$4.0M | $2.0M | −$3.0M | −$8.0M | $6.0M |
| Cash at end of period | $12.4M | $14.6M | $15.0M | $4.0M | $5.0M | $1.0M | $5.0M | $3.0M | $6.0M | $14.0M |
| Free cash flow | −$473,290 | $877,190 | $2.4M | $3.36B | $2.75B | $1.11B | $1.39B | $1.34B | $1.64B | $1.45B |
| Free cash flow margin | −0.5% | 1.3% | 3.9% | 41.2% | 32.4% | 12.9% | 15.6% | 15.0% | 18.5% | 16.6% |
| Capex / revenue | 0.6% | 1.0% | 0.2% | 0.3% | 12.2% | 15.5% | 14.1% | 13.9% | 13.2% | 14.4% |
| Operating cash flow / net income | 0.03 | 0.27 | 0.75 | 1.82 | 2.28 | 1.47 | 2.44 | 2.41 | 2.89 | 2.81 |
| Oct '25 | Jan '25 | Jul '24 | Jan '24 | Jan '20 | Oct '19 | Jul '19 | Apr '19 | Jan '19 | Oct '18 | Jul '18 | Apr '18 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $3.2M | $638,785 | $2.0M | $4.0M | $386.0M | $477.0M | $477.0M | $487.0M | $405.0M | $453.0M | $427.0M | $380.0M |
| Depreciation & amortization | $2.5M | $2.1M | $1.2M | $967,343 | $347.0M | $344.0M | $337.0M | $336.0M | $356.0M | $360.0M | $361.0M | $360.0M |
| Stock-based compensation | — | — | — | — | — | — | — | — | $24.0M | — | — | — |
| Change in working capital | −$12.3M | −$1.2M | −$4.7M | −$4.8M | −$948.0M | $68.0M | $177.0M | $206.0M | $161.0M | −$989.0M | $579.0M | $250.0M |
| Other non-cash items | $4.1M | $1.1M | $1.5M | $1.4M | $1.23B | −$77.0M | −$218.0M | −$297.0M | $193.0M | $1.08B | −$325.0M | −$281.0M |
| Cash from operating activities | −$2.5M | $2.6M | $34,292 | $1.6M | $1.01B | $812.0M | $773.0M | $732.0M | $1.14B | $901.0M | $1.04B | $709.0M |
| Investing activities | ||||||||||||
| Capital expenditures | −$395,891 | −$188,773 | −$204,502 | −$505,955 | −$2.0M | −$260.0M | −$229.0M | −$288.0M | −$308.0M | −$222.0M | −$218.0M | −$292.0M |
| Acquisitions & other investing | −$105,489 | −$489,884 | −$510,559 | $47,286 | −$512.0M | −$152.0M | −$193.0M | −$87.0M | −$478.0M | $1.01B | −$540.0M | −$108.0M |
| Cash from investing activities | −$501,380 | −$678,657 | −$715,061 | −$458,669 | −$514.0M | −$412.0M | −$422.0M | −$375.0M | −$786.0M | $791.0M | −$758.0M | −$400.0M |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | −$500.0M | −$400.0M | −$350.0M | −$350.0M | −$350.0M | −$350.0M | −$275.0M | −$300.0M |
| Share repurchases & issuance (net) | — | — | — | — | — | $4.0M | $2.0M | −$9.0M | $1.0M | $5.0M | −$5.0M | −$6.0M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$472,464 | −$639,872 | — | — | −$2.0M | −$8.0M | −$5.0M | $6.0M | −$5.0M | −$1.35B | $1.0M | $2.0M |
| Cash from financing activities | −$472,464 | −$639,872 | — | — | −$502.0M | −$404.0M | −$353.0M | −$353.0M | −$354.0M | −$1.70B | −$279.0M | −$304.0M |
| Summary | ||||||||||||
| Net change in cash | −$2.8M | $607,728 | $14.6M | — | −$1.0M | −$4.0M | $3.0M | $4.0M | — | −$5.0M | $5.0M | $5.0M |
| Cash at end of period | $12.4M | $15.2M | $14.6M | — | $4.0M | $3.0M | $7.0M | $11.0M | $5.0M | $8.0M | $13.0M | $8.0M |
| Free cash flow | −$2.9M | $2.4M | −$170,210 | $1.0M | $1.02B | $552.0M | $544.0M | $444.0M | $831.0M | $679.0M | $824.0M | $417.0M |
| Free cash flow margin | −5.8% | 5.8% | −0.5% | 3.1% | 50.5% | 27.1% | 26.5% | 21.6% | 39.3% | 31.6% | 39.2% | 19.6% |
| Capex / revenue | 0.8% | 0.5% | 0.6% | 1.5% | 0.1% | 12.8% | 11.2% | 14.0% | 14.6% | 10.3% | 10.4% | 13.7% |
| Operating cash flow / net income | −0.78 | 4.05 | 0.02 | 0.39 | 2.63 | 1.70 | 1.62 | 1.50 | 2.81 | 1.99 | 2.44 | 1.87 |
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.
CTW cash generation
In fiscal 2025 (ended July 31, 2025), CTW Cayman generated $0.1 million of cash from operations (down 93.0%) and spent $0.6 million on capital expenditures, leaving free cash flow of -$0.5 million, −0.5% of revenue. Cash and equivalents fell by $2.2 million over the year.
Related: CTW income statement, CTW balance sheet. See the CTW stock overview for the latest quote and news.
CTW cash flow FAQ
What is CTW Cayman's free cash flow?
CTW Cayman's free cash flow was -$0.5 million in fiscal 2025: $0.1 million of operating cash flow minus $0.6 million of capital expenditures It was $0.9 million a year earlier..
How much cash does CTW Cayman generate from operations?
CTW Cayman generated $0.1 million of cash from operating activities in fiscal 2025, 0.03 times its net income of $3.8 million.
How much does CTW Cayman spend on capital expenditures?
CTW Cayman spent $0.6 million on capital expenditures in fiscal 2025, 0.6% of revenue, compared with $0.7 million the year before.