S&W Seed Company (SANW) Cash Flow Statement
Where SANW’s cash came from and went, FY2024
June 30, 2024 · U.S. dollars- Cash from operations
- −$5.6M
- Capital expenditures
- $1.5M 2.6% of revenue
- Free cash flow
- −$7.2M −11.9% margin
- Returned to shareholders
- —
- Change in cash
- −$3.1M cash at year-end $294,014
Cash from operations
−$5.6M
Capital expenditures
−$1.5M
Investments (net)
+$5.9M
Acquisitions & other
+$1.5M
Net borrowing (repayment)
−$2.5M
Other financing
−$803,647
Change in cash
−$3.1M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SANW operating cash flow, capex and free cash flow
Operating cash flowCapital expendituresFree cash flowFCF margin (right axis)
SANW cash flow trends, FY2015–FY2024
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | $11.1MFY2015 | −$5.6MFY2024 | — | |
| Capital expenditures | $1.6MFY2015 | $1.5MFY2024 | −0.4%/yr | |
| Free cash flow | $9.5MFY2015 | −$7.2MFY2024 | — | |
| Free cash flow margin | 11.7%FY2015 | −11.9%FY2024 | −23.6 pts | |
| Operating cash flow / net income | 18.39FY2016 | −1.31FY2023 | −19.70 | |
| Stock-based compensation | $896,882FY2015 | $1.2MFY2024 | +3.6%/yr | |
| Dividends paid | $0FY2015 | $82,165FY2023 | — | |
| Share buybacks (net) | $0FY2015 | $82,165FY2023 | — | |
| Capex / revenue | 2.0%FY2015 | 2.6%FY2024 | +0.6 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SANW cash flow by activity
OperatingInvestingFinancingChange in cash
SANW 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).
SANW cash flow statement
| FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | −$30.1M | $14.4M | −$36.4M | −$19.1M | −$19.7M | −$9.4M | −$4.7M | −$11.8M | $365,227 | −$3.2M |
| Depreciation & amortization | $4.3M | $4.8M | $5.5M | $5.5M | $5.0M | $4.1M | $3.4M | $3.3M | $3.2M | $2.2M |
| Stock-based compensation | $1.2M | $1.9M | $2.3M | $1.8M | $1.2M | $694,610 | $748,516 | $1.4M | $1.2M | $896,882 |
| Change in working capital | $7.1M | −$3.8M | $2.4M | $1.6M | $5.2M | −$3.2M | −$22.2M | −$11.9M | $2.8M | $7.5M |
| Other non-cash items | $11.8M | −$36.3M | $7.9M | −$4.0M | $2.5M | $29.0M | $488,796 | $8.7M | −$871,850 | $3.7M |
| Cash from operating activities | −$5.6M | −$19.0M | −$18.4M | −$14.2M | −$5.8M | $21.3M | −$22.2M | −$10.3M | $6.7M | $11.1M |
| Investing activities | ||||||||||
| Capital expenditures | −$1.5M | −$1.0M | −$2.1M | −$1.1M | −$2.0M | −$778,316 | −$1.5M | −$3.1M | −$2.6M | −$1.6M |
| Investments (net) | $5.9M | $8.4M | −$909,426 | $2.5M | $1.8M | −$26.6M | −$1.4M | −$2.2M | −$3.9M | −$4,982 |
| Acquisitions & other investing | $1.5M | $1.0M | $2.1M | $1.1M | −$10.1M | $778,316 | $1.5M | $3.1M | $2.6M | −$29.6M |
| Cash from investing activities | $5.9M | $8.4M | −$909,426 | $2.5M | −$10.3M | −$26.6M | −$1.4M | −$2.2M | −$3.9M | −$31.2M |
| Financing activities | ||||||||||
| Dividends paid | — | −$82,165 | −$192,545 | −$111,532 | — | −$39,314 | $0 | $0 | $0 | $0 |
| Share repurchases & issuance (net) | — | −$82,165 | −$192,545 | −$111,532 | −$110,132 | −$39,314 | $22.5M | −$143,527 | $13.3M | $5.2M |
| Net borrowing (repayment) | −$2.5M | $12.3M | $1.2M | $952,858 | $17.2M | −$22.6M | $7.5M | $5.7M | −$12.6M | $17.3M |
| Shares issued | $0 | $128,778 | $16.8M | $10.2M | $0 | $27.3M | $0 | $0 | $0 | $0 |
| Other financing | −$803,647 | −$337,379 | −$500,234 | −$60,420 | $0 | $39,314 | −$2.6M | $603,862 | −$109,199 | −$114,502 |
| Cash from financing activities | −$3.3M | $11.9M | $17.1M | $10.9M | $17.0M | $4.6M | $27.3M | $6.2M | $567,374 | $22.4M |
| Summary | ||||||||||
| Net change in cash | −$3.1M | $1.3M | −$1.5M | −$595,157 | $691,292 | −$889,092 | $3.6M | −$6.2M | $3.4M | $2.4M |
| Cash at end of period | $294,014 | $3.4M | $2.1M | $3.5M | $4.1M | $3.4M | $4.3M | $745,000 | $6.9M | $3.5M |
| Free cash flow | −$7.2M | −$20.0M | −$20.5M | −$15.3M | −$7.7M | $20.5M | −$23.7M | −$13.4M | $4.1M | $9.5M |
| Free cash flow margin | −11.9% | −27.2% | −28.7% | −18.2% | −9.7% | 18.7% | −37.0% | −17.8% | 4.3% | 11.7% |
| Capex / revenue | 2.6% | 1.4% | 2.9% | 1.3% | 2.5% | 0.7% | 2.3% | 4.1% | 2.7% | 2.0% |
| Operating cash flow / net income | — | −1.31 | — | — | — | — | — | — | 18.39 | — |
| Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | Jun '23 | Mar '23 | Dec '22 | Sep '22 | Jun '22 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$2.2M | −$11.7M | −$6.2M | −$12.1M | −$5.5M | −$6.5M | −$6.0M | −$7.2M | $32.1M | −$6.0M | −$4.5M | −$12.9M |
| Depreciation & amortization | $578,047 | $696,351 | $814,453 | $1.1M | $815,806 | $1.1M | $1.1M | $1.1M | $1.1M | $1.3M | $1.3M | $1.4M |
| Stock-based compensation | $221,440 | $276,102 | $243,908 | $253,708 | $284,083 | $283,327 | $411,820 | $549,521 | $620,889 | $305,894 | $456,112 | $445,372 |
| Change in working capital | −$3.8M | −$4.4M | $4.4M | $3.4M | −$4.0M | $3.9M | $3.8M | −$2.2M | −$1.2M | $4.1M | −$4.5M | $5.0M |
| Other non-cash items | $933,545 | $19.7M | $90,614 | $7.3M | $1.4M | $1.9M | $1.5M | $4.7M | −$40.1M | −$723,454 | −$128,440 | $5.7M |
| Cash from operating activities | −$4.3M | $4.6M | −$650,255 | −$55,200 | −$7.0M | $642,146 | $794,678 | −$3.1M | −$7.4M | −$1.1M | −$7.3M | −$366,720 |
| Investing activities | ||||||||||||
| Capital expenditures | −$12,895 | −$57,006 | −$138,041 | −$326,113 | −$139,932 | −$837,621 | −$239,434 | −$69,031 | −$770,750 | −$3,621 | −$151,376 | −$460,988 |
| Investments (net) | −$12,895 | −$43,406 | −$87,262 | $80,721 | $6.8M | −$857,862 | −$146,778 | $11,136 | $6.1M | $2.4M | −$147,716 | −$340,245 |
| Acquisitions & other investing | $12,895 | $57,006 | $138,041 | — | $139,932 | $837,621 | $397,348 | $69,031 | $770,750 | $3,621 | $151,376 | $460,988 |
| Cash from investing activities | −$12,895 | −$43,406 | −$87,262 | — | $6.8M | −$857,862 | $11,136 | $11,136 | $6.1M | $2.4M | −$147,716 | −$340,245 |
| Financing activities | ||||||||||||
| Dividends paid | — | — | — | — | — | — | −$2.5M | −$114,062 | −$12,714 | −$114,062 | — | — |
| Share repurchases & issuance (net) | −$5,618 | −$30,000 | −$2,416 | — | −$2,622 | −$12,582 | −$153,230 | $114,062 | −$12,714 | −$4,739 | −$8,210 | −$13,818 |
| Net borrowing (repayment) | $3.3M | −$2.3M | −$426,002 | $242,594 | −$918,035 | — | — | $5.6M | $5.6M | −$739,433 | $6.6M | −$1.3M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $152,750 | $0 | $0 | $1.1M |
| Other financing | −$27,587 | −$1.3M | $1.4M | −$145,997 | $227,364 | $362,841 | −$440,419 | −$175,389 | −$4.6M | −$116,586 | −$128,879 | −$522,878 |
| Cash from financing activities | $3.2M | −$3.6M | $931,251 | $96,597 | −$693,293 | $350,259 | −$3.1M | $5.4M | $1.1M | −$974,820 | $6.4M | −$760,839 |
| Summary | ||||||||||||
| Net change in cash | −$1.0M | $912,841 | $193,851 | $123,005 | −$943,361 | $126,948 | −$2.4M | $1.8M | $241,291 | $103,772 | −$832,108 | −$1.1M |
| Cash at end of period | $354,497 | $1.4M | $480,359 | $294,014 | $171,009 | $1.1M | $987,422 | $3.4M | $1.6M | $1.3M | $1.2M | $2.1M |
| Free cash flow | −$4.3M | $6.0M | −$788,296 | −$381,313 | −$7.2M | −$195,475 | $555,244 | −$3.1M | −$8.2M | −$1.1M | −$7.5M | −$827,708 |
| Free cash flow margin | −44.9% | 117.2% | −9.5% | −2.6% | −76.4% | −2.4% | 5.2% | −13.4% | −46.4% | −8.4% | −37.6% | −4.1% |
| Capex / revenue | 0.1% | 1.1% | 1.7% | 2.2% | 1.5% | 10.1% | 2.2% | 0.3% | 4.4% | 0.0% | 0.8% | 2.3% |
| Operating cash flow / net income | — | — | — | — | — | — | — | — | −0.23 | — | — | — |
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.
SANW cash generation
In fiscal 2024 (ended June 30, 2024), S&W Seed generated -$5.6 million of cash from operations and spent $1.5 million on capital expenditures, leaving free cash flow of -$7.2 million, −11.9% of revenue. Cash and equivalents fell by $3.1 million over the year.
Related: SANW income statement, SANW balance sheet. See the SANW stock overview for the latest quote and news.
SANW cash flow FAQ
What is S&W Seed's free cash flow?
S&W Seed's free cash flow was -$7.2 million in fiscal 2024: -$5.6 million of operating cash flow minus $1.5 million of capital expenditures It was -$20.0 million a year earlier..
How much cash does S&W Seed generate from operations?
S&W Seed generated -$5.6 million of cash from operating activities in fiscal 2024.
How much does S&W Seed spend on capital expenditures?
S&W Seed spent $1.5 million on capital expenditures in fiscal 2024, 2.6% of revenue, compared with $1.0 million the year before.