Avanos Medical (AVNS) Cash Flow: Operating & Free Cash Flow

Avanos Medical 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 Avanos Medical, Inc. (AVNS) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Operating Activities
Net Income	-72.90	-392.10	-61.80	50.50	5.20	-29.00	-45.90	57.50	79.30
Depreciation & Amortization	38.90	45.50	46.10	47.70	38.30	42.90	36.90	33.50	59.50
Deferred Income Tax	0.00	0.00	0.00	0.00	-3.40	25.90	-6.50	3.70	-6.20
Stock Based Compensation	12.60	13.80	15.80	15.90	13.20	12.10	10.50	10.50	12.60
Change in Working Capital	9.80	35.00	-18.00	-24.30	26.00	-65.40	-59.60	-143.40	-4.30
Change in Accounts Receivable	30.90	-6.60	39.00	-24.70	-10.80	45.80	-0.80	67.40	-15.30
Change in Inventory	0.20	39.00	4.70	-30.90	17.20	-19.40	-21.30	-34.50	-16.80
Change in Accounts Payable	0.60	-0.90	-14.40	35.40	-11.90	-18.90	-83.60	-64.00	18.80
Change in Other Working Capital	-21.90	3.50	-47.30	-4.10	31.50	-72.90	46.10	-112.30	9.00
Other Operating Activities	86.30	398.50	50.30	1.10	8.00	13.20	-9.90	-107.40	3.30
Net Cash from Operating Activities	74.70	100.70	32.40	90.90	87.30	-2.50	-74.50	-145.60	144.20
Investing Activities
Capital Expenditures	-31.60	-17.80	-17.80	-19.30	-21.00	-20.20	-50.60	-49.10	-43.20
Acquisitions	-28.00	-9.70	39.40	-116.10	0.00	-4.00	-57.50	688.60	0.10
Other Investing Activities	-1.00	0.00	0.00	0.00	0.00	0.00	0.00	754.30	0.10
Net Cash from Investing Activities	-60.60	-27.50	21.60	-135.40	-21.00	-24.20	-108.10	639.50	-43.10
Financing Activities
Debt Repayment	-34.40	-33.60	-64.70	103.40	-50.00	-254.80	-0.20	-339.00	0.00
Common Stock Issued	0.70	0.00	0.00	0.00	0.00	3.40	0.00	0.00	0.00
Common Stock Repurchased	-3.30	-12.80	-19.10	-45.50	-11.50	-0.90	-3.60	-0.90	-2.50
Other Financing Activities	0.00	-2.70	-10.40	-1.20	6.20	-2.70	5.30	15.50	4.70
Net Cash from Financing Activities	-37.00	-49.10	-94.20	56.70	-55.30	-70.00	1.50	-324.40	2.20
Summary
Effect of Forex Changes on Cash	5.00	-4.10	0.20	-3.00	-4.00	2.90	1.90	-4.70	2.70
Net Change in Cash	-17.90	20.00	-40.00	9.20	7.00	-93.80	-179.20	164.80	106.00
Cash at Beginning of Period	107.70	87.70	127.70	118.50	111.50	205.30	384.50	219.70	113.70
Cash at End of Period	89.80	107.70	87.70	127.70	118.50	111.50	205.30	384.50	219.70
Free Cash Flow	43.10	82.90	14.60	71.60	66.30	-22.70	-125.10	-194.70	101.00
Supplemental Disclosures
Interest Paid	-	11.50	14.70	8.10	3.00	16.80	-	-	-
Income Taxes Paid	-	3.30	23.60	-2.90	-45.00	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Mar 31, 2026. Data sources and methodology

Frequently Asked Questions About Avanos Medical Cash Flow

What is Avanos Medical's free cash flow?

Avanos Medical generated free cash flow of $43.10M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $74.70M minus $31.60M of capital expenditures. That was down 48.0% from $82.90M a year earlier. Free cash flow equaled 6.1% of revenue.

How much does Avanos Medical spend on capital expenditures?

Avanos Medical spent $31.60M on capital expenditures in fiscal 2025, compared with $17.80M a year earlier. That equals 42.3% of operating cash flow.

Does Avanos Medical pay dividends or buy back shares?

Yes. In fiscal 2025 Avanos Medical returned $3.30M in share buybacks to shareholders, according to its cash flow statement.

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