Columbia Sportswear Company (COLM) Cash Flow: Operating & Free Cash Flow

Columbia Sportswear Company (COLM) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Columbia Sportswear Company generated $282.90M of operating cash flow and spent $66.17M on capital expenditures. That left free cash flow of $216.74M, down 49.7% from $431.24M a year earlier, or 6.4% of revenue. It returned $272.66M to shareholders through $65.53M in dividends and $207.13M in share buybacks.

Columbia Sportswear Company 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 Columbia Sportswear Company (COLM) - 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	177.22	223.27	251.40	311.44	354.11	108.01	330.49	274.95	112.32
Depreciation & Amortization	56.84	55.94	127.05	54.75	115.57	146.60	121.73	58.23	59.95
Deferred Income Tax	0.42	-6.20	-5.14	-8.12	-9.80	-11.26	-1.81	1.46	44.85
Stock Based Compensation	24.24	24.78	23.05	21.02	19.13	17.78	17.83	14.29	11.29
Change in Working Capital	-96.75	124.32	210.41	-503.13	-115.08	-35.55	-188.23	-63.57	110.80
Change in Accounts Receivable	23.02	-11.80	123.83	-64.50	-31.62	22.89	-37.54	-25.60	-24.20
Change in Inventory	12.23	39.13	283.83	-399.85	-100.26	64.88	-84.06	-94.72	46.66
Change in Accounts Payable	-0.41	155.18	-85.86	40.43	75.51	-49.28	-10.42	19.38	30.57
Change in Other Working Capital	-99.62	-68.99	-111.38	-94.03	-58.71	-74.04	-56.21	37.36	57.77
Other Operating Activities	121.35	62.73	29.52	90.68	-9.53	50.50	5.44	4.21	1.93
Net Cash from Operating Activities	282.90	491.04	636.30	-25.24	354.41	276.08	285.45	289.57	341.13
Investing Activities
Capital Expenditures	-66.17	-59.81	-54.61	-58.47	-34.74	-28.76	-123.52	-65.62	-53.35
Acquisitions	0.00	0.00	0.00	-131.21	34.74	0.00	123.52	65.62	53.35
Purchases of Investments	-606.85	-669.09	-528.49	-44.88	-130.19	-35.04	-181.26	-518.76	-130.99
Sales/Maturities of Investments	552.29	816.23	121.28	176.08	1.18	36.63	445.50	352.13	36.28
Other Investing Activities	0.00	0.00	0.00	131.21	-34.74	0.00	-123.52	-65.60	-53.07
Net Cash from Investing Activities	-120.72	87.33	-461.82	72.74	-163.75	-27.17	140.73	-232.23	-147.78
Financing Activities
Debt Repayment	0.00	0.00	0.00	-52.98	0.18	-0.72	0.00	0.00	-14.24
Common Stock Issued	5.54	6.12	0.00	6.59	0.00	0.00	0.00	18.48	19.95
Common Stock Repurchased	-207.13	-322.63	-184.02	-291.67	-165.42	-132.89	-121.70	-201.60	-35.54
Dividends Paid	-65.53	-69.73	-73.44	-75.08	-68.62	-17.20	-65.13	-62.66	-50.91
Other Financing Activities	-6.03	1.25	2.67	-0.60	22.97	-0.89	-3.89	-5.75	16.28
Net Cash from Financing Activities	-267.12	-386.24	-254.79	-360.83	-210.89	-151.70	-190.72	-270.01	-84.40
Summary
Effect of Forex Changes on Cash	15.09	-10.59	0.39	-19.83	-7.09	7.51	-1.24	-8.70	12.84
Net Change in Cash	-89.84	181.55	-79.92	-333.16	-27.32	104.72	234.21	-221.37	121.78
Cash at Beginning of Period	531.87	350.32	430.24	763.40	790.73	686.01	451.80	673.17	551.39
Cash at End of Period	442.03	531.87	350.32	430.24	763.40	790.73	686.01	451.80	673.17
Free Cash Flow	216.74	431.24	581.69	-83.71	319.66	247.32	161.94	223.95	287.78
Supplemental Disclosures
Income Taxes Paid	86.39	76.10	90.51	92.11	129.48	-	-	-	-

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

Frequently Asked Questions About Columbia Sportswear Company Cash Flow

What is Columbia Sportswear Company's free cash flow?

Columbia Sportswear Company generated free cash flow of $216.74M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $282.90M minus $66.17M of capital expenditures. That was down 49.7% from $431.24M a year earlier. Free cash flow equaled 6.4% of revenue.

How much does Columbia Sportswear Company spend on capital expenditures?

Columbia Sportswear Company spent $66.17M on capital expenditures in fiscal 2025, compared with $59.80M a year earlier. That equals 23.4% of operating cash flow.

Does Columbia Sportswear Company pay dividends or buy back shares?

Yes. In fiscal 2025 Columbia Sportswear Company returned $65.53M in dividends and $207.13M 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