Haverty Furniture Companies, Inc. (HVT-A) Cash Flow Statement
Where HVT-A’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $52.6M −10.6% vs 2024
- Capital expenditures
- $19.7M 2.6% of revenue
- Free cash flow
- $33.0M 4.3% margin
- Returned to shareholders
- $25.6M 78% of free cash flow
- Change in cash
- $5.6M cash at year-end $131.9M
Drawn to scale: where the cash came from and how it was used. Hover for values.
HVT-A operating cash flow, capex and free cash flow
HVT-A cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $60.1M2016 | $52.6M2025 | −1.5%/yr | |
| Capital expenditures | $29.8M2016 | $19.7M2025 | −4.5%/yr | |
| Free cash flow | $30.2M2016 | $33.0M2025 | +1.0%/yr | |
| Free cash flow margin | 3.7%2016 | 4.3%2025 | +0.7 pts | |
| Operating cash flow / net income | 2.122016 | 2.672025 | +0.55 | |
| Stock-based compensation | $3.9M2016 | $7.3M2025 | +7.3%/yr | |
| Dividends paid | $30.4M2016 | $20.8M2025 | −4.1%/yr | |
| Share buybacks (net) | $21.3M2016 | $4.8M2025 | −15.3%/yr | |
| Capex / revenue | 3.6%2016 | 2.6%2025 | −1.0 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
HVT-A cash flow by activity
HVT-A 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).
HVT-A cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $19.7M | $20.0M | $56.3M | $89.4M | $90.8M | $59.1M | $21.9M | $30.3M | $21.1M | $28.4M |
| Depreciation & amortization | $23.8M | $21.6M | $18.6M | $16.9M | $16.3M | $18.2M | $20.6M | $29.8M | $30.5M | $29.0M |
| Stock-based compensation | $7.3M | $6.7M | $8.0M | $7.2M | $8.2M | $4.4M | $3.4M | $4.4M | $3.8M | $3.9M |
| Change in working capital | $2.4M | $11.1M | $14.2M | −$63.9M | −$19.1M | $85.1M | $17.1M | $5.5M | −$8.8M | $737,000 |
| Other non-cash items | −$597,000 | −$502,000 | $60,000 | $1.4M | $1.0M | −$36.6M | $430,000 | $451,000 | $5.9M | −$2.0M |
| Cash from operating activities | $52.6M | $58.9M | $97.2M | $51.0M | $97.2M | $130.2M | $63.4M | $70.4M | $52.5M | $60.1M |
| Investing activities | ||||||||||
| Capital expenditures | −$19.7M | −$32.1M | −$53.1M | −$28.4M | −$34.1M | −$10.9M | −$16.8M | −$21.5M | −$24.5M | −$29.8M |
| Investments (net) | — | −$31.6M | −$52.7M | −$28.3M | −$34.0M | $65.4M | −$14.6M | −$19.0M | −$21.6M | −$13.2M |
| Acquisitions & other investing | $111,000 | $32.1M | $52.7M | $28.4M | $34.1M | $10.9M | $16.8M | $21.5M | $24.5M | $29.8M |
| Cash from investing activities | −$19.6M | −$31.6M | −$53.1M | −$28.3M | −$34.0M | $65.4M | −$14.6M | −$19.0M | −$21.6M | −$13.2M |
| Financing activities | ||||||||||
| Dividends paid | −$20.8M | −$20.5M | −$35.2M | −$33.9M | −$52.4M | −$50.5M | −$15.1M | −$35.5M | −$11.4M | −$30.4M |
| Share repurchases & issuance (net) | −$4.8M | −$5.0M | −$6.9M | −$30.0M | −$41.8M | −$19.7M | −$29.8M | −$18.7M | −$1.6M | −$21.3M |
| Net borrowing (repayment) | — | — | — | $0 | $0 | — | — | −$3.8M | −$3.5M | −$3.1M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.9M | −$3.3M | −$4.2M | −$1.7M | −$2.9M | −$951,000 | −$1.4M | −$1.2M | $1.6M | $771,000 |
| Cash from financing activities | −$27.5M | −$28.7M | −$46.3M | −$65.6M | −$97.1M | −$71.2M | −$46.3M | −$59.2M | −$14.8M | −$54.0M |
| Summary | ||||||||||
| Net change in cash | $5.6M | −$1.5M | −$2.2M | −$42.9M | −$33.9M | $124.4M | $2.6M | −$7.8M | $16.0M | −$7.2M |
| Cash at end of period | $131.9M | $126.3M | $127.8M | $129.9M | $172.9M | $206.8M | $82.4M | $79.8M | $79.5M | $63.5M |
| Free cash flow | $33.0M | $26.8M | $44.1M | $22.6M | $63.2M | $119.3M | $46.6M | $48.9M | $28.0M | $30.2M |
| Free cash flow margin | 4.3% | 3.7% | 5.1% | 2.2% | 6.2% | 15.9% | 5.8% | 6.0% | 3.4% | 3.7% |
| Capex / revenue | 2.6% | 4.4% | 6.2% | 2.7% | 3.4% | 1.5% | 2.1% | 2.6% | 3.0% | 3.6% |
| Operating cash flow / net income | 2.67 | 2.95 | 1.73 | 0.57 | 1.07 | 2.20 | 2.90 | 2.32 | 2.49 | 2.12 |
| 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 | $5.3M | $4.3M | $8.5M | $4.7M | $2.7M | $3.8M | $8.2M | $4.9M | $4.4M | $2.4M | $15.0M | $17.2M |
| Depreciation & amortization | $6.1M | $6.3M | $6.0M | $6.0M | $5.9M | $5.9M | $5.9M | $5.6M | $5.2M | $4.9M | $4.8M | $4.8M |
| Stock-based compensation | $2.1M | $2.4M | $1.7M | $1.6M | $1.9M | $2.1M | $1.6M | $998,000 | $1.5M | $2.6M | $1.8M | $1.8M |
| Change in working capital | $8.7M | −$14.4M | −$8.2M | $20.6M | −$5.4M | −$4.7M | $2.3M | $13.7M | $1.7M | $774,000 | −$5.2M | $16.6M |
| Other non-cash items | $2.0M | −$1.5M | −$704,000 | −$1.0M | $2.1M | −$924,000 | −$1.0M | −$791,000 | $1.6M | −$7.6M | $1.4M | −$1.1M |
| Cash from operating activities | $24.3M | −$2.9M | $7.4M | $31.9M | $7.2M | $6.2M | $16.9M | $24.4M | $14.4M | $3.1M | $17.8M | $39.2M |
| Investing activities | ||||||||||||
| Capital expenditures | −$6.2M | −$7.0M | −$4.4M | −$3.6M | −$5.6M | −$6.1M | −$7.8M | −$8.3M | −$9.6M | −$6.4M | −$6.7M | −$5.9M |
| Investments (net) | — | — | — | −$3.5M | −$5.6M | −$6.1M | −$7.8M | −$7.9M | −$9.5M | −$6.4M | −$6.7M | −$5.9M |
| Acquisitions & other investing | $33,000 | $21,000 | $38,000 | $3.6M | $5.6M | $6.1M | $7.8M | $8.3M | $9.6M | $6.4M | $6.7M | $5.9M |
| Cash from investing activities | −$6.2M | −$6.9M | −$4.4M | −$3.5M | −$5.6M | −$6.1M | −$7.8M | −$7.9M | −$9.5M | −$6.4M | −$6.7M | −$5.9M |
| Financing activities | ||||||||||||
| Dividends paid | −$5.3M | −$5.3M | −$5.3M | −$5.2M | −$5.2M | −$5.2M | −$5.2M | −$5.2M | −$5.2M | −$4.8M | −$20.9M | −$4.9M |
| Share repurchases & issuance (net) | −$14.6M | −$2.0M | −$2.8M | $999,000 | −$999,000 | −$2.0M | −$5.0M | $3.3M | −$1.4M | −$1.9M | −$3.7M | −$3.2M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$1.3M | −$677,000 | −$26,000 | −$999,000 | $0 | −$885,000 | $0 | −$3.3M | $0 | $0 | −$77,000 | $1,000 |
| Cash from financing activities | −$21.2M | −$8.0M | −$8.1M | −$5.2M | −$6.2M | −$8.1M | −$10.2M | −$5.2M | −$6.7M | −$6.7M | −$24.7M | −$8.1M |
| Summary | ||||||||||||
| Net change in cash | −$3.1M | −$17.8M | −$5.1M | $23.2M | −$4.5M | −$8.0M | −$1.1M | $11.3M | −$1.8M | −$9.9M | −$13.6M | $25.2M |
| Cash at end of period | $111.0M | $114.1M | $131.9M | $137.0M | $113.8M | $118.3M | $126.3M | $127.4M | $116.1M | $117.9M | $127.8M | $141.4M |
| Free cash flow | $18.1M | −$9.9M | $3.0M | $28.3M | $1.6M | $27,000 | $9.1M | $16.1M | $4.9M | −$3.3M | $11.1M | $33.3M |
| Free cash flow margin | 9.3% | −5.2% | 1.5% | 14.6% | 0.9% | 0.0% | 4.9% | 9.2% | 2.7% | −1.8% | 5.3% | 15.1% |
| Capex / revenue | 3.2% | 3.7% | 2.2% | 1.8% | 3.1% | 3.4% | 4.2% | 4.7% | 5.3% | 3.5% | 3.2% | 2.7% |
| Operating cash flow / net income | 4.57 | −0.68 | 0.86 | 6.75 | 2.69 | 1.63 | 2.06 | 4.96 | 3.25 | 1.31 | 1.19 | 2.29 |
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.
HVT-A cash generation
In fiscal 2025 (ended December 31, 2025), Haverty Furniture generated $52.6 million of cash from operations (down 10.6%) and spent $19.7 million on capital expenditures, leaving free cash flow of $33.0 million, 4.3% of revenue. It returned $25.6 million to shareholders through dividends ($20.8 million) and net share buybacks ($4.8 million). Cash and equivalents rose by $5.6 million over the year.
Related: HVT-A income statement, HVT-A balance sheet, HVT-A dividend history. See the HVT-A stock overview for the latest quote and news.
HVT-A cash flow FAQ
What is Haverty Furniture's free cash flow?
Haverty Furniture's free cash flow was $33.0 million in fiscal 2025: $52.6 million of operating cash flow minus $19.7 million of capital expenditures It was $26.8 million a year earlier..
How much cash does Haverty Furniture generate from operations?
Haverty Furniture generated $52.6 million of cash from operating activities in fiscal 2025, 2.67 times its net income of $19.7 million.
How much does Haverty Furniture spend on capital expenditures?
Haverty Furniture spent $19.7 million on capital expenditures in fiscal 2025, 2.6% of revenue, compared with $32.1 million the year before.
How much stock does Haverty Furniture buy back?
Haverty Furniture spent $4.8 million on net share repurchases in fiscal 2025.
How much does Haverty Furniture pay in dividends?
Haverty Furniture paid $20.8 million in dividends in fiscal 2025, 63.2% of free cash flow.