Intercont (Cayman) Limited (NCT) Cash Flow Statement

NASDAQ: NCTOperating cash, capex, free cash flow and buybacks.

Where NCT’s cash came from and went, FY2024

June 30, 2024 · U.S. dollars
Cash from operations
$6.5M
−52.3% vs FY2023
Capital expenditures
$0
0.0% of revenue
Free cash flow
$6.5M
25.4% margin
Returned to shareholders
$11.8M
182% of free cash flow
Change in cash
$335,648
cash at year-end $3.8M
Cash from operations: $6.5MCash from operations$6.5MInvestments (net): $10.5MInvestments (net)$10.5MShares issued: $1.6MShares issued$1.6MDividends: $11.8MDividends$11.8M · 63%Debt repayment: $6.2MDebt repayment$6.2M · 33%Other financing, Added to cash: $623,483Other uses$623,483 · 3%$18.7M
Cash from operations
$6.5M
Investments (net)
+$10.5M
Dividends
−$11.8M
Net borrowing (repayment)
−$6.2M
Shares issued
+$1.6M
Other financing
−$287,835
Change in cash
$335,648

Drawn to scale: where the cash came from and how it was used. Hover for values.

NCT operating cash flow, capex and free cash flow

Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)

NCT cash flow trends, FY2022–FY2024

MetricTrendThenLatestChange
Operating cash flow$12.3MFY2022$6.5MFY2024−27.5%/yr
Capital expenditures$2.1MFY2022$0FY2024−100.0%
Free cash flow$10.2MFY2022$6.5MFY2024−20.3%/yr
Free cash flow margin32.7%FY202225.4%FY2024−7.3 pts
Operating cash flow / net income1.45FY20222.06FY2024+0.61
Dividends paid$0FY2022$11.8MFY2024—
Capex / revenue6.7%FY20220.0%FY2024−6.7 pts

Change is the average annual growth (CAGR) or the difference between the first and latest year.

NCT cash flow by activity

OperatingInvestingFinancingChange in cash

NCT 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).

NCT cash flow statement

FY2024FY2023FY2022
Operating activities
Net income$3.1M$10.9M$8.5M
Depreciation & amortization$6.6M$6.3M$5.4M
Change in working capital−$3.6M−$3.8M−$1.7M
Other non-cash items$413,204$231,219$159,823
Cash from operating activities$6.5M$13.6M$12.3M
Investing activities
Capital expenditures$0−$12.0M−$2.1M
Investments (net)$10.5M−$24.0M−$2.1M
Acquisitions & other investing$0$12.0M$2.1M
Cash from investing activities$10.5M−$24.0M−$2.1M
Financing activities
Dividends paid−$11.8M−$3.9M$0
Net borrowing (repayment)−$6.2M$7.8M−$2.3M
Shares issued$1.6M$0$0
Other financing−$287,835−$475,000−$215,500
Cash from financing activities−$16.7M$3.4M−$2.5M
Summary
Net change in cash$335,648−$7.0M$7.7M
Cash at end of period$3.8M$3.4M$10.4M
Free cash flow$6.5M$1.6M$10.2M
Free cash flow margin25.4%4.8%32.7%
Capex / revenue0.0%37.0%6.7%
Operating cash flow / net income2.061.251.45

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.

NCT cash generation

In fiscal 2024 (ended June 30, 2024), Intercont generated $6.5 million of cash from operations (down 52.3%) and spent $0 on capital expenditures, leaving free cash flow of $6.5 million, 25.4% of revenue. It returned $11.8 million to shareholders through dividends ($11.8 million) and net share buybacks ($0). Cash and equivalents rose by $0.3 million over the year.

Related: NCT income statement, NCT balance sheet. See the NCT stock overview for the latest quote and news.

NCT cash flow FAQ

What is Intercont's free cash flow?

Intercont's free cash flow was $6.5 million in fiscal 2024: $6.5 million of operating cash flow minus $0 of capital expenditures It was $1.6 million a year earlier..

How much cash does Intercont generate from operations?

Intercont generated $6.5 million of cash from operating activities in fiscal 2024, 2.06 times its net income of $3.1 million.

How much does Intercont pay in dividends?

Intercont paid $11.8 million in dividends in fiscal 2024, 182.2% of free cash flow.

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