Flexsteel Industries, Inc. (FLXS) Cash Flow Statement
Where FLXS’s cash came from and went, FY2026
June 30, 2026 · U.S. dollars- Cash from operations
- $51.5M +39.3% vs FY2025
- Capital expenditures
- $3.9M 0.9% of revenue
- Free cash flow
- $47.6M 10.4% margin
- Returned to shareholders
- $68.1M 143% of free cash flow
- Change in cash
- −$23.3M cash at year-end $16.7M
Drawn to scale: where the cash came from and how it was used. Hover for values.
FLXS operating cash flow, capex and free cash flow
FLXS cash flow trends, FY2017–FY2026
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $26.4MFY2017 | $51.5MFY2026 | +7.7%/yr | |
| Capital expenditures | $13.5MFY2017 | $3.9MFY2026 | −12.8%/yr | |
| Free cash flow | $12.9MFY2017 | $47.6MFY2026 | +15.6%/yr | |
| Free cash flow margin | 2.8%FY2017 | 10.4%FY2026 | +7.6 pts | |
| Operating cash flow / net income | 1.11FY2017 | 1.56FY2026 | +0.45 | |
| Stock-based compensation | $1.6MFY2017 | $4.6MFY2026 | +12.2%/yr | |
| Dividends paid | $6.1MFY2017 | $4.4MFY2026 | −3.6%/yr | |
| Share buybacks (net) | $1.1MFY2017 | $63.7MFY2026 | +56.5%/yr | |
| Capex / revenue | 2.9%FY2017 | 0.9%FY2026 | −2.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FLXS cash flow by activity
FLXS 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).
FLXS cash flow statement
| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $33.1M | $20.2M | $10.5M | $14.8M | $1.9M | $23.0M | −$26.8M | −$32.6M | $17.7M | $23.8M |
| Depreciation & amortization | $3.8M | $3.7M | $4.0M | $4.6M | $5.2M | $5.2M | $8.4M | $7.4M | $7.4M | $7.9M |
| Stock-based compensation | $4.6M | $3.9M | $4.6M | $3.2M | $1.0M | $3.7M | $4.9M | $1.4M | $501,000 | $1.6M |
| Change in working capital | $5.2M | $8.8M | $17.2M | $8.3M | $2.0M | −$62.1M | $25.6M | $10.4M | $3.4M | −$6.4M |
| Other non-cash items | $4.8M | $552,000 | −$4.5M | −$7.8M | −$2.0M | −$2.6M | $6.3M | $20.1M | −$1.6M | −$500,000 |
| Cash from operating activities | $51.5M | $37.0M | $31.9M | $23.0M | $8.0M | −$32.7M | $18.3M | $6.7M | $27.3M | $26.4M |
| Investing activities | ||||||||||
| Capital expenditures | −$3.9M | −$3.3M | −$4.8M | −$4.8M | −$3.9M | −$2.6M | −$3.7M | −$21.3M | −$29.4M | −$13.5M |
| Investments (net) | $0 | $9.4M | −$593,000 | −$4.5M | −$1.9M | −$1,000 | $16.8M | $15.9M | $1.9M | −$18.1M |
| Acquisitions & other investing | $21,000 | $3.3M | $4.8M | $4.8M | $3.9M | $18.6M | $3.7M | $248,000 | $6.2M | $1.8M |
| Cash from investing activities | −$3.9M | $9.4M | −$593,000 | −$4.5M | −$1.9M | $16.1M | $16.8M | −$5.2M | −$21.4M | −$29.7M |
| Financing activities | ||||||||||
| Dividends paid | −$4.4M | −$3.6M | −$3.2M | −$3.2M | −$3.9M | −$2.6M | −$7.0M | −$6.9M | −$6.7M | −$6.1M |
| Share repurchases & issuance (net) | −$63.7M | −$2.8M | −$1.7M | −$3.7M | −$35.1M | −$29.8M | −$1.6M | −$211,000 | −$552,000 | −$1.1M |
| Net borrowing (repayment) | $0 | −$4.9M | −$23.5M | −$9.5M | $34.2M | $3.5M | $3.5M | $3.5M | $3.5M | — |
| Shares issued | $70,000 | $141,000 | $88,000 | $0 | $117,000 | $94,000 | $21,000 | $81,000 | $0 | $0 |
| Other financing | −$2.9M | $0 | −$1.7M | −$951,000 | −$628,000 | −$1.4M | −$4.1M | −$3.5M | −$3.3M | $2.6M |
| Cash from financing activities | −$70.9M | −$11.2M | −$29.9M | −$17.4M | −$5.2M | −$30.2M | −$9.1M | −$7.0M | −$7.1M | −$4.6M |
| Summary | ||||||||||
| Net change in cash | −$23.3M | $35.2M | $1.4M | $1.2M | $842,000 | −$46.9M | $25.9M | −$5.5M | −$1.1M | −$7.9M |
| Cash at end of period | $16.7M | $40.0M | $4.8M | $3.4M | $2.2M | $1.3M | $48.2M | $22.2M | $27.8M | $28.9M |
| Free cash flow | $47.6M | $33.7M | $27.1M | $18.2M | $4.1M | −$35.3M | $14.6M | −$14.6M | −$2.2M | $12.9M |
| Free cash flow margin | 10.4% | 7.6% | 6.6% | 4.6% | 0.8% | −7.4% | 4.0% | −3.3% | −0.4% | 2.8% |
| Capex / revenue | 0.9% | 0.7% | 1.2% | 1.2% | 0.7% | 0.5% | 1.0% | 4.8% | 6.0% | 2.9% |
| Operating cash flow / net income | 1.56 | 1.83 | 3.03 | 1.56 | 4.31 | −1.42 | — | — | 1.55 | 1.11 |
| 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 | $12.7M | $6.4M | $6.6M | $7.3M | $10.7M | −$3.7M | $9.1M | $4.1M | $4.9M | $1.8M | $3.1M | $752,000 |
| Depreciation & amortization | $1.1M | $1.1M | $864,000 | $836,000 | $877,000 | $924,000 | $924,000 | $929,000 | $1.1M | $1.0M | $959,000 | $940,000 |
| Stock-based compensation | $1.1M | $1.1M | $1.1M | $1.1M | $906,000 | $862,000 | $963,000 | $1.1M | $1.9M | $877,000 | $934,000 | $911,000 |
| Change in working capital | −$8.6M | $13.3M | $8.6M | −$8.6M | $7.5M | $4.4M | $726,000 | −$3.8M | $4.1M | $3.5M | $14.1M | −$4.4M |
| Other non-cash items | $18.0M | $180,000 | −$16.2M | $3.4M | −$4.3M | $9.8M | −$5.0M | −$8,000 | −$4.4M | $7,000 | −$80,000 | $58,000 |
| Cash from operating activities | $24.3M | $22.1M | $1.0M | $4.1M | $15.6M | $12.3M | $6.7M | $2.4M | $7.5M | $7.2M | $18.9M | −$1.8M |
| Investing activities | ||||||||||||
| Capital expenditures | −$402,000 | −$440,000 | −$1.7M | −$1.4M | −$568,000 | −$1.4M | −$907,000 | −$427,000 | −$411,000 | −$1.3M | −$1.7M | −$1.4M |
| Investments (net) | $0 | $0 | $0 | −$1.4M | $3.4M | −$522,000 | $5.8M | $728,000 | $3.8M | −$1.3M | −$1.7M | −$1.4M |
| Acquisitions & other investing | $6,000 | $11,000 | $4,000 | $1.4M | $568,000 | $1.4M | $907,000 | $427,000 | $411,000 | $1.3M | $1.7M | $1.4M |
| Cash from investing activities | −$396,000 | −$429,000 | −$1.7M | −$1.4M | $3.4M | −$522,000 | $5.8M | $728,000 | $3.8M | −$1.3M | −$1.7M | −$1.4M |
| Financing activities | ||||||||||||
| Dividends paid | −$1.1M | −$1.1M | −$1.1M | −$1.1M | −$901,000 | −$895,000 | −$886,000 | −$874,000 | −$773,000 | −$775,000 | −$792,000 | −$879,000 |
| Share repurchases & issuance (net) | −$62.6M | $0 | $0 | −$1.1M | −$782,000 | $0 | −$2.0M | −$32,000 | $1,000 | −$233,000 | −$972,000 | −$455,000 |
| Net borrowing (repayment) | $0 | $0 | $0 | $0 | $0 | $0 | −$3.7M | −$1.2M | — | — | — | — |
| Shares issued | $0 | $40,000 | $0 | $30,000 | $0 | $0 | $0 | $0 | $0 | $88,000 | $0 | $0 |
| Other financing | −$834,000 | −$96,000 | −$13,000 | −$1.9M | $0 | $0 | $141,000 | $0 | −$10.3M | −$3.7M | −$15.1M | $4.1M |
| Cash from financing activities | −$64.5M | −$1.1M | −$1.1M | −$4.2M | −$1.7M | −$895,000 | −$6.4M | −$2.1M | −$11.1M | −$4.6M | −$16.9M | $2.7M |
| Summary | ||||||||||||
| Net change in cash | −$40.6M | $20.5M | −$1.8M | −$1.4M | $17.4M | $10.8M | $6.0M | $979,000 | $191,000 | $1.3M | $339,000 | −$392,000 |
| Cash at end of period | $16.7M | $57.3M | $36.8M | $38.6M | $40.0M | $22.6M | $11.8M | $5.7M | $4.8M | $4.6M | $3.3M | $3.0M |
| Free cash flow | $23.9M | $21.6M | −$735,000 | $2.8M | $15.1M | $10.9M | $5.8M | $2.0M | $7.1M | $5.9M | $17.2M | −$3.1M |
| Free cash flow margin | 20.7% | 18.8% | −0.6% | 2.5% | 13.1% | 9.6% | 5.3% | 1.9% | 6.4% | 5.5% | 17.2% | −3.3% |
| Capex / revenue | 0.3% | 0.4% | 1.5% | 1.2% | 0.5% | 1.2% | 0.8% | 0.4% | 0.4% | 1.2% | 1.7% | 1.4% |
| Operating cash flow / net income | 1.91 | 3.42 | 0.15 | 0.56 | 1.46 | — | 0.74 | 0.58 | 1.53 | 3.99 | 6.21 | −2.37 |
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.
FLXS cash generation
In fiscal 2026 (ended June 30, 2026), Flexsteel Industries generated $51.5 million of cash from operations (up 39.3%) and spent $3.9 million on capital expenditures, leaving free cash flow of $47.6 million, 10.4% of revenue. It returned $68.1 million to shareholders through dividends ($4.4 million) and net share buybacks ($63.7 million). Cash and equivalents fell by $23.3 million over the year.
Related: FLXS income statement, FLXS balance sheet, FLXS dividend history. See the FLXS stock overview for the latest quote and news.
FLXS cash flow FAQ
What is Flexsteel Industries's free cash flow?
Flexsteel Industries's free cash flow was $47.6 million in fiscal 2026: $51.5 million of operating cash flow minus $3.9 million of capital expenditures It was $33.7 million a year earlier..
How much cash does Flexsteel Industries generate from operations?
Flexsteel Industries generated $51.5 million of cash from operating activities in fiscal 2026, 1.56 times its net income of $33.1 million.
How much does Flexsteel Industries spend on capital expenditures?
Flexsteel Industries spent $3.9 million on capital expenditures in fiscal 2026, 0.9% of revenue, compared with $3.3 million the year before.
How much stock does Flexsteel Industries buy back?
Flexsteel Industries spent $63.7 million on net share repurchases in fiscal 2026.
How much does Flexsteel Industries pay in dividends?
Flexsteel Industries paid $4.4 million in dividends in fiscal 2026, 9.2% of free cash flow.