Applied Aerospace & Defense (AADX) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Applied Aerospace & Defense used $28.94M of cash in operating activities and spent $17.43M on capital expenditures. That left free cash flow of −$46.37M.

Applied Aerospace & Defense Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Cash flow statement showing operating, investing, and financing activities for Applied Aerospace & Defense, Inc. (AADX) - Annual data in millions USD
Breakdown	FY 2025	FY 2024
Period ending	Dec 2025	Dec 2024
Operating Activities
Net Income	-17.02	-34.77
Depreciation & Amortization	39.42	35.22
Deferred Income Tax	-0.27	-4.71
Stock Based Compensation	3.21	2.54
Change in Working Capital	-60.74	2.59
Change in Accounts Receivable	-49.15	-1.66
Change in Inventory	-6.48	-2.96
Change in Accounts Payable	5.53	3.99
Change in Other Working Capital	-4.67	1.85
Other Operating Activities	6.19	-0.93
Net Cash from Operating Activities	-28.94	4.65
Investing Activities
Capital Expenditures	-17.43	-14.88
Acquisitions	-10.35	-34.27
Net Cash from Investing Activities	-27.78	-49.15
Financing Activities
Debt Repayment	-367.65	-22.03
Dividends Paid	0.00	-80.00
Other Financing Activities	-5.95	-3.08
Net Cash from Financing Activities	44.73	37.66
Summary
Net Change in Cash	-11.99	-6.84
Cash at Beginning of Period	27.47	34.31
Cash at End of Period	15.48	27.47
Free Cash Flow	-46.37	-10.23

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Applied Aerospace & Defense Cash Flow

What is Applied Aerospace & Defense's free cash flow?

Applied Aerospace & Defense had negative free cash flow of $46.37M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$28.94M minus $17.43M of capital expenditures.

How much does Applied Aerospace & Defense spend on capital expenditures?

Applied Aerospace & Defense spent $17.43M on capital expenditures in fiscal 2025, compared with $14.88M a year earlier.

Does Applied Aerospace & Defense pay dividends or buy back shares?

Applied Aerospace & Defense's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition