Beazer Homes USA (BZH) Cash Flow: Operating & Free Cash Flow

Beazer Homes USA 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 Beazer Homes USA, Inc. (BZH) - 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	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	45.59	140.18	158.61	220.70	122.02	52.23	-79.52	-45.38	31.81
Depreciation & Amortization	19.17	14.87	12.20	13.36	13.98	15.64	14.76	13.81	14.01
Deferred Income Tax	-4.74	18.91	23.94	53.27	21.50	17.66	-37.25	93.94	0.68
Stock Based Compensation	7.34	7.39	7.28	8.48	12.17	10.04	10.53	10.26	8.16
Change in Working Capital	-39.23	-312.30	-26.26	-217.06	-140.43	190.95	31.88	-52.48	32.98
Change in Accounts Receivable	-12.72	-19.83	0.28	-10.21	-5.34	6.84	-1.67	11.88	16.93
Change in Inventory	2.76	-282.06	-14.75	-231.45	-147.51	154.87	42.93	-95.81	41.91
Change in Accounts Payable	-20.91	10.13	10.62	10.25	1.20	1.04	4.72	17.49	-0.69
Change in Other Working Capital	-8.37	-20.55	-22.41	14.34	11.23	28.20	-14.10	13.97	-25.17
Other Operating Activities	-0.88	12.33	26.24	2.32	23.92	2.58	173.24	10.14	8.27
Net Cash from Operating Activities	31.98	-137.55	178.06	81.07	31.66	289.10	113.64	30.29	95.91
Investing Activities
Capital Expenditures	-28.50	-22.35	-20.33	-15.05	-14.65	-10.64	-21.36	-17.02	-12.44
Acquisitions	0.32	0.00	0.00	0.00	0.00	0.00	-4.09	-57.67	-3.26
Purchases of Investments	-1.03	-8.09	-9.78	0.00	0.00	0.00	-0.07	-0.42	-3.26
Sales/Maturities of Investments	9.56	0.00	0.00	0.00	0.00	0.00	0.07	0.18	1.62
Other Investing Activities	0.00	0.43	0.00	0.34	0.46	0.48	0.32	0.55	1.92
Net Cash from Investing Activities	-19.66	-30.01	-29.67	-14.71	-14.19	-10.16	-25.13	-74.15	-13.78
Financing Activities
Debt Repayment	-450.00	-482.20	-9.00	-73.90	-82.48	-51.15	-82.69	-104.19	-20.40
Common Stock Issued	0.11	0.02	0.26	0.00	0.57	0.00	0.00	0.00	0.00
Common Stock Repurchased	-33.08	-12.93	-2.62	-8.15	-3.04	-3.33	-34.62	-3.38	-0.42
Other Financing Activities	-0.23	-11.02	-2.58	-6.63	-0.90	-4.72	-1.66	-3.31	-0.39
Net Cash from Financing Activities	-36.36	23.88	-13.93	-88.68	-85.85	-59.20	-118.96	-107.50	-20.79
Summary
Net Change in Cash	-24.04	-143.68	134.46	-22.32	-68.39	219.73	-30.45	-151.36	61.33
Cash at Beginning of Period	242.61	386.29	251.83	274.14	342.53	122.79	153.25	304.61	243.28
Cash at End of Period	218.57	242.61	386.29	251.83	274.14	342.53	122.79	153.25	304.61
Free Cash Flow	3.48	-159.90	157.72	66.03	17.01	278.45	92.28	13.27	83.47
Supplemental Disclosures
Interest Paid	82.17	75.23	67.34	70.13	74.17	-	-	-	-
Income Taxes Paid	11.75	11.36	-8.03	4.22	2.38	-	-	-	-

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

Frequently Asked Questions About Beazer Homes USA Cash Flow

What is Beazer Homes USA's free cash flow?

Beazer Homes USA generated free cash flow of $3.48M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of $31.98M minus $28.50M of capital expenditures. Free cash flow equaled 0.1% of revenue.

How much does Beazer Homes USA spend on capital expenditures?

Beazer Homes USA spent $28.50M on capital expenditures in fiscal 2025, compared with $22.35M a year earlier. That equals 89.1% of operating cash flow.

Does Beazer Homes USA pay dividends or buy back shares?

Yes. In fiscal 2025 Beazer Homes USA returned $33.08M 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