AMCON Distributing Company (DIT) Cash Flow Statement
Where DIT’s cash came from and went, FY2025
September 30, 2025 · U.S. dollars- Cash from operations
- $18.7M −72.5% vs FY2024
- Capital expenditures
- $9.0M 0.3% of revenue
- Free cash flow
- $9.7M 0.3% margin
- Returned to shareholders
- $1.8M 18% of free cash flow
- Change in cash
- $71,825 cash at year-end $744,613
Drawn to scale: where the cash came from and how it was used. Hover for values.
DIT operating cash flow, capex and free cash flow
DIT cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $18.4MFY2016 | $18.7MFY2025 | +0.2%/yr | |
| Capital expenditures | $1.6MFY2016 | $9.0MFY2025 | +21.2%/yr | |
| Free cash flow | $16.8MFY2016 | $9.7MFY2025 | −6.0%/yr | |
| Free cash flow margin | 1.3%FY2016 | 0.3%FY2025 | −1.0 pts | |
| Operating cash flow / net income | 3.07FY2016 | 32.82FY2025 | +29.75 | |
| Stock-based compensation | $1.4MFY2016 | $2.6MFY2025 | +6.9%/yr | |
| Dividends paid | $654,678FY2016 | $645,462FY2025 | −0.2%/yr | |
| Share buybacks (net) | $5.0MFY2016 | $1.1MFY2025 | −15.2%/yr | |
| Capex / revenue | 0.1%FY2016 | 0.3%FY2025 | +0.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
DIT cash flow by activity
DIT 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).
DIT cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $568,739 | $4.3M | $11.6M | $16.7M | $15.5M | $5.5M | $3.2M | $3.6M | $2.9M | $6.0M |
| Depreciation & amortization | $9.8M | $9.5M | $7.6M | $3.6M | $3.1M | $3.1M | $2.6M | $2.3M | $2.0M | $2.2M |
| Stock-based compensation | $2.6M | $2.5M | $2.7M | $3.1M | $2.4M | $1.1M | $1.3M | $1.3M | $1.4M | $1.4M |
| Change in working capital | $7.0M | $51.4M | −$5.7M | $1.2M | $3.4M | $5.4M | −$22.1M | −$2.5M | −$19.9M | $8.7M |
| Other non-cash items | −$1.3M | $192,509 | $3.5M | −$1.7M | −$3.6M | $46,692 | $3.5M | $1.2M | −$275,440 | $118,060 |
| Cash from operating activities | $18.7M | $67.9M | $19.7M | $22.9M | $20.9M | $15.2M | −$11.5M | $5.9M | −$13.8M | $18.4M |
| Investing activities | ||||||||||
| Capital expenditures | −$9.0M | −$20.4M | −$11.6M | −$14.7M | −$1.5M | −$3.4M | −$4.4M | −$3.2M | −$2.6M | −$1.6M |
| Investments (net) | −$15.0M | −$42.1M | −$66.3M | −$14.4M | −$1.5M | −$10.0M | −$4.4M | −$3.2M | −$2.5M | −$1.5M |
| Acquisitions & other investing | $9.0M | $20.4M | $11.6M | $14.7M | $1.5M | $43,600 | $4.4M | $3.2M | $2.6M | $1.6M |
| Cash from investing activities | −$15.0M | −$42.1M | −$66.3M | −$14.4M | −$1.5M | −$13.3M | −$4.4M | −$3.2M | −$2.5M | −$1.5M |
| Financing activities | ||||||||||
| Dividends paid | −$645,462 | −$630,362 | −$3.5M | −$3.4M | −$3.4M | −$594,653 | −$636,576 | −$702,491 | −$706,906 | −$654,678 |
| Share repurchases & issuance (net) | −$1.1M | $0 | −$404,876 | −$563,980 | −$5,738 | −$2.0M | −$7.5M | −$7.7M | −$1.1M | −$5.0M |
| Net borrowing (repayment) | $272,679 | −$22.9M | $53.8M | −$3.3M | −$15.8M | $1.1M | $23.9M | $5.8M | $18.1M | −$10.7M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$2.1M | −$2.3M | −$3.0M | −$1.3M | −$415,057 | −$4,458 | −$56,335 | −$101,200 | −$107,082 | −$160,360 |
| Cash from financing activities | −$3.6M | −$25.9M | $46.9M | −$8.6M | −$19.6M | −$1.6M | $15.7M | −$2.7M | $16.2M | −$16.5M |
| Summary | ||||||||||
| Net change in cash | $71,825 | −$118,143 | $359,355 | −$88,015 | −$141,604 | $323,491 | −$182,940 | −$2,421 | −$82,315 | $385,844 |
| Cash at end of period | $744,613 | $672,788 | $790,931 | $431,576 | $519,591 | $661,195 | $337,704 | $520,644 | $523,065 | $605,380 |
| Free cash flow | $9.7M | $47.4M | $8.2M | $8.2M | $19.4M | $11.8M | −$15.9M | $2.7M | −$16.3M | $16.8M |
| Free cash flow margin | 0.3% | 1.8% | 0.3% | 0.4% | 1.2% | 1.1% | −1.1% | 0.2% | −1.3% | 1.3% |
| Capex / revenue | 0.3% | 0.8% | 0.5% | 0.7% | 0.1% | 0.3% | 0.3% | 0.2% | 0.2% | 0.1% |
| Operating cash flow / net income | 32.82 | 15.65 | 1.70 | 1.37 | 1.35 | 2.74 | −3.58 | 1.63 | −4.67 | 3.07 |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $2.7M | −$2.2M | $792,964 | $491,733 | $1.3M | −$1.6M | $348,419 | $1.2M | $1.5M | $539,543 | $1.1M | $3.0M |
| Depreciation & amortization | $2.3M | $2.5M | $2.5M | $2.5M | $2.2M | $2.5M | $2.6M | $2.6M | $2.4M | $2.3M | $2.2M | $2.6M |
| Stock-based compensation | $548,960 | $548,960 | $548,961 | $637,862 | $637,861 | $637,862 | $637,862 | $639,548 | $639,548 | $639,548 | $571,137 | $776,739 |
| Change in working capital | −$21.9M | $13.3M | −$15.6M | $27.0M | −$11.2M | $33.6M | −$42.4M | $37.0M | −$31.8M | $45.6M | $582,179 | $2.4M |
| Other non-cash items | −$1.6M | −$488,278 | $30,393 | $482,281 | −$7,950 | −$680,861 | −$1.1M | −$422,507 | $344,238 | −$281,901 | $552,679 | $1.5M |
| Cash from operating activities | −$17.9M | $13.7M | −$11.7M | $31.1M | −$7.0M | $34.4M | −$39.9M | $41.0M | −$26.9M | $48.8M | $5.0M | $10.2M |
| Investing activities | ||||||||||||
| Capital expenditures | −$2.4M | −$8.7M | −$678,405 | −$764,436 | −$1.8M | −$3.0M | −$3.5M | −$3.6M | −$5.7M | −$7.1M | −$3.9M | −$4.8M |
| Investments (net) | — | — | — | −$757,385 | −$1.7M | −$9.1M | −$3.4M | −$3.5M | −$27.7M | −$7.0M | −$3.8M | −$4.8M |
| Acquisitions & other investing | $5.6M | $164,834 | $9,703 | $764,436 | $1.8M | $3.0M | $3.5M | $3.6M | $5.7M | $7.1M | $3.9M | $4.8M |
| Cash from investing activities | $3.2M | −$8.5M | −$668,702 | −$757,385 | −$1.7M | −$9.1M | −$3.4M | −$3.5M | −$27.7M | −$7.0M | −$3.8M | −$4.8M |
| Financing activities | ||||||||||||
| Dividends paid | −$117,123 | −$303,298 | −$117,127 | −$116,183 | −$116,183 | −$296,912 | −$116,184 | −$113,465 | −$113,465 | −$289,966 | −$113,466 | −$111,219 |
| Share repurchases & issuance (net) | — | — | — | −$1.1M | — | — | — | — | — | — | — | −$404,876 |
| Net borrowing (repayment) | $22.3M | −$5.0M | $12.5M | −$29.1M | $11.0M | −$24.9M | $43.3M | −$37.2M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$7.5M | $0 | $0 | −$106,604 | −$2.0M | $0 | $0 | −$251,142 | $54.5M | −$41.5M | −$854,554 | −$4.8M |
| Cash from financing activities | $14.7M | −$5.4M | $12.4M | −$30.5M | $8.9M | −$25.2M | $43.2M | −$37.5M | $54.4M | −$41.8M | −$968,020 | −$5.4M |
| Summary | ||||||||||||
| Net change in cash | −$6,420 | −$135,689 | $34,140 | −$81,709 | $140,468 | $149,992 | −$136,926 | −$46,554 | −$232,179 | −$45,174 | $205,764 | $51,918 |
| Cash at end of period | $636,644 | $643,064 | $778,753 | $744,613 | $826,322 | $685,854 | $535,862 | $672,788 | $719,342 | $951,521 | $996,695 | $790,931 |
| Free cash flow | −$20.3M | $5.1M | −$12.4M | $30.4M | −$8.8M | $31.4M | −$43.3M | $37.4M | −$32.6M | $41.6M | $1.0M | $5.4M |
| Free cash flow margin | −2.4% | 0.7% | −1.7% | 2.6% | −1.2% | 5.1% | −6.1% | 5.0% | −4.5% | 6.9% | 0.2% | 1.0% |
| Capex / revenue | 0.3% | 1.2% | 0.1% | 0.1% | 0.2% | 0.5% | 0.5% | 0.5% | 0.8% | 1.2% | 0.6% | 0.9% |
| Operating cash flow / net income | −6.66 | — | −14.75 | 63.32 | −5.33 | — | −114.43 | 33.16 | −18.05 | 90.37 | 4.67 | 3.45 |
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.
DIT cash generation
In fiscal 2025 (ended September 30, 2025), AMCON Distributing generated $18.7 million of cash from operations (down 72.5%) and spent $9.0 million on capital expenditures, leaving free cash flow of $9.7 million, 0.3% of revenue. It returned $1.8 million to shareholders through dividends ($0.6 million) and net share buybacks ($1.1 million). Cash and equivalents rose by $0.1 million over the year.
Related: DIT income statement, DIT balance sheet, DIT dividend history. See the DIT stock overview for the latest quote and news.
DIT cash flow FAQ
What is AMCON Distributing's free cash flow?
AMCON Distributing's free cash flow was $9.7 million in fiscal 2025: $18.7 million of operating cash flow minus $9.0 million of capital expenditures It was $47.4 million a year earlier..
How much cash does AMCON Distributing generate from operations?
AMCON Distributing generated $18.7 million of cash from operating activities in fiscal 2025, 32.82 times its net income of $0.6 million.
How much does AMCON Distributing spend on capital expenditures?
AMCON Distributing spent $9.0 million on capital expenditures in fiscal 2025, 0.3% of revenue, compared with $20.4 million the year before.
How much stock does AMCON Distributing buy back?
AMCON Distributing spent $1.1 million on net share repurchases in fiscal 2025.
How much does AMCON Distributing pay in dividends?
AMCON Distributing paid $0.6 million in dividends in fiscal 2025, 6.7% of free cash flow.