Preformed Line Products Company (PLPC) Cash Flow Statement
Where PLPC’s cash came from and went, 2025
December 31, 2025 · U.S. dollars- Cash from operations
- $73.5M +8.9% vs 2024
- Capital expenditures
- $40.1M 6.0% of revenue
- Free cash flow
- $33.3M 5.0% margin
- Returned to shareholders
- $13.9M 42% of free cash flow
- Change in cash
- $26.1M cash at year-end $83.4M
Drawn to scale: where the cash came from and how it was used. Hover for values.
PLPC operating cash flow, capex and free cash flow
PLPC cash flow trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $26.0M2016 | $73.5M2025 | +12.2%/yr | |
| Capital expenditures | $24.7M2016 | $40.1M2025 | +5.5%/yr | |
| Free cash flow | $1.2M2016 | $33.3M2025 | +44.0%/yr | |
| Free cash flow margin | 0.4%2016 | 5.0%2025 | +4.6 pts | |
| Operating cash flow / net income | 1.702016 | 2.082025 | +0.38 | |
| Stock-based compensation | $1.4M2016 | $5.0M2025 | +15.4%/yr | |
| Dividends paid | $4.2M2016 | $4.1M2025 | −0.1%/yr | |
| Share buybacks (net) | $5.1M2016 | $9.8M2025 | +7.5%/yr | |
| Capex / revenue | 7.3%2016 | 6.0%2025 | −1.3 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
PLPC cash flow by activity
PLPC 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).
PLPC cash flow statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $35.3M | $37.1M | $63.3M | $54.4M | $35.7M | $29.8M | $23.3M | $26.6M | $12.7M | $15.3M |
| Depreciation & amortization | $23.0M | $20.8M | $18.9M | $16.4M | $15.6M | $13.8M | $13.7M | $12.4M | $12.8M | $12.0M |
| Stock-based compensation | $5.0M | $3.4M | $4.9M | $4.6M | $4.2M | $4.1M | $4.4M | $4.2M | $3.1M | $1.4M |
| Change in working capital | −$3.7M | $2.3M | $14.7M | −$51.5M | −$34.8M | −$7.5M | −$16.7M | −$18.9M | $152,000 | −$10.3M |
| Other non-cash items | $13.8M | $3.8M | $5.7M | $2.2M | $13.0M | $1.5M | $2.4M | −$1.4M | $5.2M | $7.7M |
| Cash from operating activities | $73.5M | $67.5M | $107.6M | $26.2M | $33.6M | $41.6M | $27.2M | $23.0M | $33.8M | $26.0M |
| Investing activities | ||||||||||
| Capital expenditures | −$40.1M | −$14.7M | −$35.3M | −$40.6M | −$18.4M | −$24.6M | −$29.5M | −$9.5M | −$11.2M | −$24.7M |
| Investments (net) | $1.2M | −$12.4M | −$55.4M | −$46.8M | −$18.2M | −$14.0M | $1.8M | −$1.7M | −$1.9M | −$28.5M |
| Acquisitions & other investing | −$4.5M | $14.7M | $45.9M | $40.6M | $18.4M | $24.6M | −$21.1M | −$2.8M | $11.2M | $24.7M |
| Cash from investing activities | −$43.4M | −$12.4M | −$44.8M | −$46.8M | −$18.2M | −$14.0M | −$48.8M | −$14.0M | −$1.9M | −$28.5M |
| Financing activities | ||||||||||
| Dividends paid | −$4.1M | −$4.1M | −$4.1M | −$4.1M | −$4.1M | −$4.2M | −$4.2M | −$4.1M | −$4.1M | −$4.2M |
| Share repurchases & issuance (net) | −$9.8M | −$8.6M | −$18.9M | −$5.5M | −$5.3M | −$9.5M | −$6.8M | −$4.2M | −$8.5M | −$5.1M |
| Net borrowing (repayment) | $8.9M | −$32.9M | −$28.1M | $31.3M | −$14.2M | −$9.8M | $28.6M | −$1.0M | −$8.9M | $13.4M |
| Shares issued | $1.9M | $214,000 | $2.3M | $808,000 | $409,000 | $252,000 | $213,000 | $222,000 | $0 | $0 |
| Other financing | −$6.2M | −$2.5M | −$184,000 | $0 | $0 | $0 | $0 | $0 | $2.0M | $246,000 |
| Cash from financing activities | −$9.2M | −$47.8M | −$48.9M | $22.5M | −$23.2M | −$23.2M | $17.7M | −$9.1M | −$19.6M | $4.4M |
| Summary | ||||||||||
| Net change in cash | $26.1M | $3.6M | $16.4M | $833,000 | −$8.8M | $5.9M | −$4.6M | −$1.7M | $13.6M | $344,000 |
| Cash at end of period | $83.4M | $57.2M | $53.6M | $37.2M | $36.4M | $45.2M | $39.3M | $43.9M | $44.4M | $30.7M |
| Free cash flow | $33.3M | $52.8M | $72.3M | −$14.4M | $15.2M | $17.1M | −$2.2M | $13.4M | $22.6M | $1.2M |
| Free cash flow margin | 5.0% | 8.9% | 10.8% | −2.3% | 2.9% | 3.7% | −0.5% | 3.2% | 6.0% | 0.4% |
| Capex / revenue | 6.0% | 2.5% | 5.3% | 6.4% | 3.6% | 5.3% | 6.6% | 2.3% | 3.0% | 7.3% |
| Operating cash flow / net income | 2.08 | 1.82 | 1.70 | 0.48 | 0.94 | 1.40 | 1.17 | 0.86 | 2.67 | 1.70 |
| 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 | $21.5M | $10.5M | $8.4M | $2.6M | $12.7M | $11.6M | $10.4M | $7.7M | $9.4M | $9.6M | $6.3M | $15.1M |
| Depreciation & amortization | $6.3M | $6.2M | $6.1M | $5.8M | $5.7M | $5.4M | $4.8M | $5.3M | $5.2M | $5.4M | $5.3M | $4.6M |
| Stock-based compensation | $2.4M | $2.3M | $982,000 | $1.4M | $1.7M | $892,000 | $1.5M | $632,000 | $934,000 | $383,000 | $858,000 | $1.3M |
| Change in working capital | −$4.7M | −$13.8M | $8.6M | −$3.8M | $5.9M | −$11.4M | −$428,000 | −$3.6M | $15.0M | −$8.6M | −$879,000 | $22.6M |
| Other non-cash items | −$257,000 | $786,000 | −$2.2M | $12.9M | $963,000 | −$744,000 | $7.7M | −$654,000 | −$2.3M | −$999,000 | $7.7M | −$1.2M |
| Cash from operating activities | $25.2M | $6.0M | $21.9M | $18.9M | $26.9M | $5.7M | $24.1M | $9.4M | $28.3M | $5.8M | $19.3M | $42.5M |
| Investing activities | ||||||||||||
| Capital expenditures | −$7.0M | −$10.0M | −$10.2M | −$10.6M | −$8.4M | −$11.0M | −$3.4M | −$3.6M | −$3.7M | −$3.9M | −$8.2M | −$9.9M |
| Investments (net) | $0 | $0 | $0 | −$11.0M | −$12.6M | −$9.7M | −$4.6M | −$3.4M | −$3.6M | −$681,000 | −$8.1M | −$7.6M |
| Acquisitions & other investing | −$9.0M | $49,000 | −$51,000 | $10.6M | $8.4M | $11.0M | $3.4M | $3.6M | $3.7M | $3.9M | $8.2M | $9.9M |
| Cash from investing activities | −$16.0M | −$9.9M | −$10.2M | −$11.0M | −$12.6M | −$9.7M | −$4.6M | −$3.4M | −$3.6M | −$681,000 | −$8.1M | −$7.6M |
| Financing activities | ||||||||||||
| Dividends paid | −$1.0M | −$1.1M | −$981,000 | −$985,000 | −$988,000 | −$1.2M | −$979,000 | −$983,000 | −$984,000 | −$1.1M | −$980,000 | −$983,000 |
| Share repurchases & issuance (net) | $8.0M | −$8.9M | −$1.9M | −$4.5M | −$2.4M | −$4.8M | −$351,000 | −$2.2M | −$569,000 | −$5.5M | −$493,000 | −$8.6M |
| Net borrowing (repayment) | $1.1M | $3.6M | $347,000 | $2.7M | −$47,000 | $5.9M | −$5.7M | −$4.2M | — | — | — | — |
| Shares issued | $178,000 | $450,000 | $1.5M | $237,000 | $92,000 | $68,000 | $54,000 | $99,000 | $1,000 | $60,000 | $144,000 | $1.4M |
| Other financing | −$11.3M | −$3.9M | −$905,000 | $0 | −$1.5M | $0 | $0 | $0 | −$20.3M | −$5.1M | −$2.0M | −$25.7M |
| Cash from financing activities | −$3.0M | −$10.0M | −$1.9M | −$2.6M | −$4.8M | −$22,000 | −$7.0M | −$7.3M | −$21.8M | −$11.7M | −$3.4M | −$33.9M |
| Summary | ||||||||||||
| Net change in cash | $6.8M | −$13.9M | $10.4M | $6.0M | $12.1M | −$2.4M | $9.7M | $74,000 | $1.6M | −$7.7M | $9.9M | $576,000 |
| Cash at end of period | $76.2M | $69.5M | $83.4M | $72.9M | $66.9M | $54.8M | $57.2M | $47.5M | $47.4M | $45.9M | $53.6M | $43.7M |
| Free cash flow | $18.3M | −$3.9M | $11.8M | $8.3M | $18.6M | −$5.3M | $20.6M | $5.8M | $24.6M | $1.8M | $11.1M | $32.6M |
| Free cash flow margin | 8.6% | −2.2% | 6.8% | 4.7% | 10.9% | −3.6% | 12.3% | 3.9% | 17.7% | 1.3% | 7.6% | 20.3% |
| Capex / revenue | 3.3% | 5.7% | 5.9% | 6.0% | 4.9% | 7.4% | 2.1% | 2.4% | 2.7% | 2.8% | 5.6% | 6.2% |
| Operating cash flow / net income | 1.17 | 0.57 | 2.60 | 7.23 | 2.12 | 0.49 | 2.30 | 1.22 | 3.02 | 0.60 | 3.05 | 2.81 |
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.
PLPC cash generation
In fiscal 2025 (ended December 31, 2025), Preformed Line Products generated $73.5 million of cash from operations (up 8.9%) and spent $40.1 million on capital expenditures, leaving free cash flow of $33.3 million, 5.0% of revenue. It returned $13.9 million to shareholders through dividends ($4.1 million) and net share buybacks ($9.8 million). Cash and equivalents rose by $26.1 million over the year.
Related: PLPC income statement, PLPC balance sheet, PLPC dividend history. See the PLPC stock overview for the latest quote and news.
PLPC cash flow FAQ
What is Preformed Line Products's free cash flow?
Preformed Line Products's free cash flow was $33.3 million in fiscal 2025: $73.5 million of operating cash flow minus $40.1 million of capital expenditures It was $52.8 million a year earlier..
How much cash does Preformed Line Products generate from operations?
Preformed Line Products generated $73.5 million of cash from operating activities in fiscal 2025, 2.08 times its net income of $35.3 million.
How much does Preformed Line Products spend on capital expenditures?
Preformed Line Products spent $40.1 million on capital expenditures in fiscal 2025, 6.0% of revenue, compared with $14.7 million the year before.
How much stock does Preformed Line Products buy back?
Preformed Line Products spent $9.8 million on net share repurchases in fiscal 2025.
How much does Preformed Line Products pay in dividends?
Preformed Line Products paid $4.1 million in dividends in fiscal 2025, 12.4% of free cash flow.