The Simply Good Foods Company (SMPL) Cash Flow Statement
Where SMPL’s cash came from and went, FY2025
August 31, 2025 · U.S. dollars- Cash from operations
- $178.5M −16.8% vs FY2024
- Capital expenditures
- $20.5M 1.4% of revenue
- Free cash flow
- $157.9M 10.9% margin
- Returned to shareholders
- $50.9M 32% of free cash flow
- Change in cash
- −$34.1M cash at year-end $98.5M
Drawn to scale: where the cash came from and how it was used. Hover for values.
SMPL operating cash flow, capex and free cash flow
SMPL cash flow trends, FY2016–FY2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Operating cash flow | −$324,200FY2016 | $178.5MFY2025 | — | |
| Capital expenditures | $956,000FY2016 | $20.5MFY2025 | +40.6%/yr | |
| Free cash flow | −$1.3MFY2016 | $157.9MFY2025 | — | |
| Free cash flow margin | −1.6%FY2017 | 10.9%FY2025 | +12.5 pts | |
| Operating cash flow / net income | 0.86FY2018 | 1.72FY2025 | +0.86 | |
| Stock-based compensation | $2.9MFY2017 | $15.3MFY2025 | +23.3%/yr | |
| Dividends paid | $114.2MFY2019 | $5.2MFY2023 | −53.7%/yr | |
| Share buybacks (net) | $0FY2016 | $50.9MFY2025 | — | |
| Capex / revenue | 0.2%FY2017 | 1.4%FY2025 | +1.2 pts |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
SMPL cash flow by activity
SMPL 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).
SMPL cash flow statement
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||
| Net income | $103.6M | $139.3M | $133.6M | $108.6M | $40.9M | $65.6M | −$25.2M | $70.5M | −$2.0M | −$288,755 |
| Depreciation & amortization | $23.8M | $28.0M | $27.0M | $25.9M | $23.2M | $19.9M | $7.5M | $7.5M | $9.6M | $9.6M |
| Stock-based compensation | $15.3M | $18.4M | $14.5M | $11.7M | $8.3M | $7.6M | $5.5M | $4.0M | $2.9M | — |
| Change in working capital | −$32.9M | $19.0M | −$18.5M | −$81.0M | −$22.1M | −$16.9M | $780,000 | −$591,000 | −$12.4M | — |
| Other non-cash items | $68.7M | $9.8M | $11.9M | $44.9M | $81.9M | −$17.3M | $84.5M | −$20.7M | −$3.5M | −$9.7M |
| Cash from operating activities | $178.5M | $214.5M | $168.4M | $110.1M | $132.1M | $58.9M | $73.0M | $60.7M | −$5.4M | −$324,200 |
| Investing activities | ||||||||||
| Capital expenditures | −$20.5M | −$6.5M | −$12.2M | −$5.8M | −$6.7M | −$1.7M | −$1.0M | −$1.8M | −$956,000 | −$956,000 |
| Investments (net) | −$20.9M | −$286.9M | −$12.2M | −$2.4M | −$500,000 | −$500,000 | −$750,000 | −$3.5M | — | — |
| Acquisitions & other investing | $20.5M | $6.5M | $12.2M | $0 | $4.7M | −$981.8M | $0 | $1.8M | −$216.8M | −$603.2M |
| Cash from investing activities | −$20.9M | −$286.9M | −$12.2M | −$8.2M | −$2.5M | −$984.0M | −$1.8M | −$3.5M | −$217.8M | −$604.2M |
| Financing activities | ||||||||||
| Dividends paid | — | — | −$5.2M | −$4.3M | — | — | −$114.2M | — | — | — |
| Share repurchases & issuance (net) | −$50.9M | −$5.0M | −$16.4M | −$59.9M | −$435,000 | −$191,000 | −$2.1M | −$120,000 | $109,000 | $603.8M |
| Net borrowing (repayment) | −$150.0M | $114.9M | −$121.8M | −$50.3M | $401.8M | $401.8M | −$2.0M | −$1.5M | $138.3M | $138.3M |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $352.5M | $352.5M | $0 | $0 | $0 |
| Other financing | $9.7M | $7.3M | $7.6M | $5.0M | −$551.4M | $509,000 | −$150.9M | $352,000 | $88.8M | −$136.2M |
| Cash from financing activities | −$191.2M | $117.1M | −$135.8M | −$109.5M | −$150.0M | $754.7M | $83.4M | −$1.3M | $227.3M | $605.9M |
| Summary | ||||||||||
| Net change in cash | −$34.1M | $44.8M | $20.2M | −$7.9M | −$20.5M | −$170.5M | $154.4M | $55.5M | $55.5M | $1.4M |
| Cash at end of period | $98.5M | $132.5M | $87.7M | $67.5M | $75.3M | $95.8M | $266.3M | $112.0M | $56.5M | $78.5M |
| Free cash flow | $157.9M | $208.0M | $156.2M | $104.3M | $125.4M | $57.2M | $72.0M | $58.9M | −$6.4M | −$1.3M |
| Free cash flow margin | 10.9% | 15.6% | 12.6% | 8.9% | 12.5% | 7.0% | 13.7% | 13.7% | −1.6% | — |
| Capex / revenue | 1.4% | 0.5% | 1.0% | 0.5% | 0.7% | 0.2% | 0.2% | 0.4% | 0.2% | — |
| Operating cash flow / net income | 1.72 | 1.54 | 1.26 | 1.01 | 3.23 | 0.90 | — | 0.86 | — | — |
| May '26 | Feb '26 | Nov '25 | Aug '25 | May '25 | Feb '25 | Nov '24 | Aug '24 | May '24 | Feb '24 | Nov '23 | Aug '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating activities | ||||||||||||
| Net income | −$52.0M | −$159.7M | $25.3M | −$12.4M | $41.1M | $36.7M | $38.1M | $29.3M | $41.3M | $33.1M | $35.6M | $36.6M |
| Depreciation & amortization | $7.5M | $7.4M | $7.7M | $4.4M | $7.2M | $6.8M | $6.7M | $6.8M | $6.9M | $6.9M | $7.3M | $6.9M |
| Stock-based compensation | $5.6M | $4.5M | $3.1M | $2.5M | $4.0M | $4.9M | $3.8M | $5.2M | $4.5M | $4.6M | $4.2M | $4.0M |
| Change in working capital | −$1.4M | −$33.6M | $10.6M | −$3.0M | $11.6M | −$20.8M | −$20.8M | $12.2M | $12.3M | −$1.4M | −$4.1M | $13.1M |
| Other non-cash items | $84.2M | $189.5M | $3.5M | $53.9M | $5.9M | $3.6M | $4.1M | −$5.8M | $7.8M | $3.2M | $4.6M | −$19,000 |
| Cash from operating activities | $44.0M | $8.1M | $50.1M | $45.4M | $69.8M | $31.2M | $32.0M | $47.8M | $72.8M | $46.5M | $47.5M | $60.7M |
| Investing activities | ||||||||||||
| Capital expenditures | −$2.5M | −$5.5M | −$2.1M | −$18.0M | −$1.7M | −$495,000 | −$307,000 | −$4.6M | −$751,000 | −$343,000 | −$744,000 | −$2.1M |
| Investments (net) | — | — | — | −$18.7M | −$2.2M | $669,000 | −$669,000 | −$284.5M | −$1.1M | −$478,000 | −$800,000 | −$1.7M |
| Acquisitions & other investing | $0 | $0 | $0 | $18.0M | $1.7M | $495,000 | $307,000 | $4.6M | $751,000 | $343,000 | $744,000 | $2.1M |
| Cash from investing activities | −$2.5M | −$5.5M | −$2.1M | −$18.7M | −$2.2M | $669,000 | −$669,000 | −$284.5M | −$1.1M | −$478,000 | −$800,000 | −$1.7M |
| Financing activities | ||||||||||||
| Share repurchases & issuance (net) | −$25.0M | −$88.5M | −$99.6M | −$26.5M | −$24.3M | $0 | −$2.3M | $0 | −$1.1M | −$108,000 | −$3.6M | −$104,000 |
| Net borrowing (repayment) | $0 | $0 | $150.0M | $0 | −$50.0M | −$50.0M | −$50.0M | $160.0M | — | — | — | — |
| Shares issued | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other financing | −$120,000 | −$880,000 | −$2.7M | $549,000 | $1.5M | −$55,000 | $10.0M | $671,000 | $2.2M | −$31.4M | −$9.5M | −$39.8M |
| Cash from financing activities | −$25.1M | −$89.4M | $47.6M | −$26.0M | −$72.8M | −$50.1M | −$42.3M | $160.7M | $1.1M | −$31.6M | −$13.1M | −$40.0M |
| Summary | ||||||||||||
| Net change in cash | $16.4M | −$86.6M | $95.6M | $460,000 | −$5.7M | −$18.1M | −$10.8M | −$76.2M | $72.8M | $14.5M | $33.7M | $18.9M |
| Cash at end of period | $123.9M | $107.4M | $194.1M | $98.5M | $98.0M | $103.7M | $121.8M | $132.5M | $208.7M | $135.9M | $121.4M | $87.7M |
| Free cash flow | $41.5M | $2.6M | $48.0M | $27.3M | $68.1M | $30.8M | $31.7M | $43.1M | $72.0M | $46.1M | $46.8M | $58.6M |
| Free cash flow margin | 11.6% | 0.8% | 14.1% | 7.4% | 17.9% | 8.6% | 9.3% | 11.5% | 21.5% | 14.8% | 15.2% | 18.3% |
| Capex / revenue | 0.7% | 1.7% | 0.6% | 4.9% | 0.4% | 0.1% | 0.1% | 1.2% | 0.2% | 0.1% | 0.2% | 0.6% |
| Operating cash flow / net income | — | — | 1.98 | — | 1.70 | 0.85 | 0.84 | 1.63 | 1.76 | 1.40 | 1.34 | 1.66 |
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.
SMPL cash generation
In fiscal 2025 (ended August 31, 2025), Simply Good Foods generated $178.5 million of cash from operations (down 16.8%) and spent $20.5 million on capital expenditures, leaving free cash flow of $157.9 million, 10.9% of revenue. It returned $50.9 million to shareholders through dividends ($0) and net share buybacks ($50.9 million). Cash and equivalents fell by $34.1 million over the year.
Related: SMPL income statement, SMPL balance sheet. See the SMPL stock overview for the latest quote and news.
SMPL cash flow FAQ
What is Simply Good Foods's free cash flow?
Simply Good Foods's free cash flow was $157.9 million in fiscal 2025: $178.5 million of operating cash flow minus $20.5 million of capital expenditures It was $208.0 million a year earlier..
How much cash does Simply Good Foods generate from operations?
Simply Good Foods generated $178.5 million of cash from operating activities in fiscal 2025, 1.72 times its net income of $103.6 million.
How much does Simply Good Foods spend on capital expenditures?
Simply Good Foods spent $20.5 million on capital expenditures in fiscal 2025, 1.4% of revenue, compared with $6.5 million the year before.
How much stock does Simply Good Foods buy back?
Simply Good Foods spent $50.9 million on net share repurchases in fiscal 2025.