Angel Oak Financial Strategies Income Term Trust (FINS) Cash Flow Statement
Where FINS’s cash came from and went, FY2026
January 31, 2026 · U.S. dollars- Cash from operations
- −$58.5M −244.6% vs FY2025
- Capital expenditures
- $0 0.0% of revenue
- Free cash flow
- −$58.5M −112.7% margin
- Returned to shareholders
- $41.3M
- Change in cash
- $0 cash at year-end $0
Drawn to scale: where the cash came from and how it was used. Hover for values.
FINS operating cash flow, capex and free cash flow
FINS cash flow trends, FY2020–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$302.4MFY2020 | −$58.5MFY2026 | — | |
| Capital expenditures | $0FY2020 | $0FY2026 | — | |
| Free cash flow | −$302.4MFY2020 | −$58.5MFY2026 | — | |
| Free cash flow margin | −1,979.5%FY2020 | −112.7%FY2026 | +1,866.7 pts | |
| Operating cash flow / net income | −19.57FY2020 | −1.25FY2026 | +18.32 | |
| Dividends paid | $9.4MFY2020 | $41.3MFY2026 | +28.0%/yr | |
| Share buybacks (net) | $0FY2020 | $12.5MFY2021 | — | |
| Capex / revenue | 0.0%FY2020 | 0.0%FY2026 | 0.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FINS cash flow by activity
FINS 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).
FINS cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | $46.9M | $39.4M | $7.6M | −$38.0M | $16.7M | −$2.6M | $15.5M |
| Change in working capital | $2.2M | −$4.0M | −$295,072 | $5.3M | −$692,678 | −$5.1M | −$2.7M |
| Other non-cash items | −$107.6M | $5.0M | $37.0M | $79.1M | −$94.9M | −$77.9M | −$315.1M |
| Cash from operating activities | −$58.5M | $40.4M | $44.3M | $46.4M | −$78.9M | −$85.5M | −$302.4M |
| Investing activities | |||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing activities | |||||||
| Dividends paid | −$41.3M | −$32.8M | −$30.3M | −$27.9M | −$21.5M | −$17.4M | −$9.4M |
| Share repurchases & issuance (net) | — | — | — | — | — | −$12.5M | $55.6M |
| Net borrowing (repayment) | −$6.4M | −$7.8M | −$14.1M | −$19.2M | $54.2M | $4.1M | $38.9M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $68.1M | $230.3M |
| Other financing | $106.1M | $174,036 | $173,537 | $32,437 | $46.0M | $43.2M | −$12.9M |
| Cash from financing activities | $58.5M | −$40.4M | −$44.3M | −$47.0M | $78.8M | $85.5M | $302.4M |
| Summary | |||||||
| Net change in cash | $0 | $0 | −$2,510 | −$636,232 | −$100,000 | $85.5M | $302.4M |
| Cash at end of period | $0 | $0 | $0 | $2,510 | $2,510 | $100,000 | $100,000 |
| Free cash flow | −$58.5M | $40.4M | $44.3M | $46.4M | −$78.9M | −$85.5M | −$302.4M |
| Free cash flow margin | −112.7% | 100.1% | 519.0% | 157.6% | −353.6% | — | −1,979.5% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | 0.0% |
| Operating cash flow / net income | −1.25 | 1.03 | 5.84 | — | −4.72 | — | −19.57 |
| Jul '26 | Jan '26 | Jul '25 | Jan '24 | Oct '23 | Jul '23 | Apr '23 | Jan '23 | Oct '22 | Jul '22 | Apr '22 | Jan '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | $7.7M | $26.3M | $20.6M | $16.6M | $8.3M | −$4.5M | −$4.5M | −$12.0M | −$12.0M | −$14.0M | −$7.0M | $378,708 |
| Change in working capital | −$1.5M | −$118,542 | $2.4M | $588,998 | $294,499 | −$306,266 | −$306,266 | $1.4M | $1.4M | $2.7M | $1.3M | −$2.1M |
| Other non-cash items | −$70.0M | −$8.5M | −$99.2M | −$2.0M | −$984,639 | $19.4M | $19.4M | $86.4M | $86.4M | −$93.9M | −$46.9M | −$74.5M |
| Cash from operating activities | −$63.8M | $17.7M | −$76.2M | $15.2M | $7.6M | $14.6M | $14.6M | $75.8M | $75.8M | −$105.2M | −$52.6M | −$76.3M |
| Investing activities | ||||||||||||
| Capital expenditures | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Financing activities | ||||||||||||
| Dividends paid | −$23.1M | −$23.1M | −$18.2M | −$16.0M | −$8.0M | −$7.1M | −$7.1M | −$7.3M | −$7.3M | −$13.2M | −$6.6M | −$11.6M |
| Share repurchases & issuance (net) | — | — | — | — | — | — | — | −$39.3M | −$39.3M | — | — | — |
| Net borrowing (repayment) | — | — | — | — | — | — | — | — | — | −$46,649 | −$46,649 | $78,396 |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | $86.9M | $5.3M | $94.4M | $859,762 | $429,881 | −$7.4M | −$7.4M | −$29.4M | −$29.4M | $118.5M | $59.3M | $87.7M |
| Cash from financing activities | $63.8M | −$17.7M | $76.2M | −$15.2M | −$7.6M | −$14.6M | −$14.6M | −$76.1M | −$76.1M | $105.2M | $52.6M | $76.3M |
| Summary | ||||||||||||
| Net change in cash | $653 | — | — | — | — | −$1,255 | −$1,255 | −$318,116 | −$318,116 | — | — | — |
| Cash at end of period | $653 | — | — | — | — | −$1,255 | −$1,255 | −$318,116 | −$318,116 | — | — | — |
| Free cash flow | −$63.8M | $17.7M | −$76.2M | $15.2M | $7.6M | $14.6M | $14.6M | $75.8M | $75.8M | −$105.2M | −$52.6M | −$76.3M |
| Free cash flow margin | −305.2% | 92.1% | −452.3% | — | — | 92.6% | 185.2% | 474.2% | 948.4% | −782.3% | −782.3% | −667.1% |
| Capex / revenue | 0.0% | 0.0% | 0.0% | — | — | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| Operating cash flow / net income | −8.31 | 0.67 | −3.70 | 0.92 | 0.92 | — | — | — | — | — | — | −201.35 |
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.
FINS cash generation
In fiscal 2026 (ended January 31, 2026), Angel Oak Financial Strategies Income Term generated -$58.5 million of cash from operations (down 244.6%) and spent $0 on capital expenditures, leaving free cash flow of -$58.5 million, −112.7% of revenue. It returned $41.3 million to shareholders through dividends ($41.3 million) and net share buybacks ($0). Cash and equivalents rose by $0 over the year.
Related: FINS income statement, FINS balance sheet, FINS dividend history. See the FINS stock overview for the latest quote and news.
FINS cash flow FAQ
What is Angel Oak Financial Strategies Income Term's free cash flow?
Angel Oak Financial Strategies Income Term's free cash flow was -$58.5 million in fiscal 2026: -$58.5 million of operating cash flow minus $0 of capital expenditures It was $40.4 million a year earlier..
How much cash does Angel Oak Financial Strategies Income Term generate from operations?
Angel Oak Financial Strategies Income Term generated -$58.5 million of cash from operating activities in fiscal 2026, −1.25 times its net income of $46.9 million.
How much does Angel Oak Financial Strategies Income Term pay in dividends?
Angel Oak Financial Strategies Income Term paid $41.3 million in dividends in fiscal 2026.