Diodes Incorporated (DIOD) Cash Flow: Operating & Free Cash Flow

Diodes Incorporated 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 Diodes Incorporated (DIOD) - 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	69.17	50.84	230.65	339.26	236.29	99.23	154.12	105.41	0.27
Depreciation & Amortization	143.75	137.14	137.33	127.76	122.44	108.01	109.58	104.64	95.68
Deferred Income Tax	-7.48	-1.00	-13.35	-39.23	21.46	-14.46	9.90	3.67	25.33
Stock Based Compensation	25.75	22.77	30.91	36.29	33.21	25.26	20.54	20.74	18.61
Change in Working Capital	36.48	-70.49	-77.59	-81.11	-39.18	-31.45	-40.27	-46.45	40.57
Change in Accounts Receivable	22.69	47.28	-2.61	-20.16	-52.72	-10.50	-30.78	-29.48	22.26
Change in Inventory	9.10	-87.50	-28.95	-29.68	-43.04	-4.56	-11.33	-2.15	-17.20
Change in Accounts Payable	13.79	-23.44	-11.47	-50.08	55.63	7.42	3.51	9.98	17.31
Change in Other Working Capital	-9.09	-0.78	-5.60	-6.54	0.95	-23.81	-1.68	-24.79	18.20
Other Operating Activities	-52.15	-20.82	-5.60	-29.69	-35.66	0.63	-24.10	-2.45	0.67
Net Cash from Operating Activities	215.51	119.44	280.91	392.50	338.54	187.22	229.77	185.57	181.12
Investing Activities
Capital Expenditures	-78.36	-73.02	-150.77	-211.73	-141.20	-75.81	-98.51	-87.51	-111.16
Acquisitions	10.65	-56.66	0.00	-83.98	-0.16	-24.59	-33.03	-0.04	1.22
Purchases of Investments	-63.02	-14.03	-27.22	-13.41	-22.67	-17.62	-19.27	-15.90	-12.21
Sales/Maturities of Investments	7.63	16.36	6.53	8.00	7.33	10.28	21.85	12.58	38.60
Other Investing Activities	6.93	8.87	4.08	16.17	12.47	0.97	28.53	1.93	5.26
Net Cash from Investing Activities	-116.18	-118.04	-158.32	-265.26	-144.23	-106.77	-100.43	-88.94	-78.29
Financing Activities
Debt Repayment	1.08	-6.46	-178.53	-505.75	-152.92	248.19	-115.81	-49.27	-159.48
Common Stock Issued	0.00	0.00	0.00	0.14	4.34	6.83	11.90	4.86	13.61
Common Stock Repurchased	-33.81	-9.56	-15.64	-12.30	0.00	-296.71	0.00	0.00	-8.75
Dividends Paid	0.00	0.00	0.00	0.00	-2.17	-2.11	-3.82	0.00	0.00
Other Financing Activities	-22.08	-2.11	-20.32	-1.14	-7.69	-10.51	-4.71	-7.51	-3.57
Net Cash from Financing Activities	-54.81	-19.34	-144.72	-125.71	-158.44	-54.30	-112.43	-51.91	-158.18
Summary
Effect of Forex Changes on Cash	13.10	14.19	-0.49	-27.24	10.42	34.88	0.76	-8.08	11.37
Net Change in Cash	57.62	-3.76	-22.62	-25.72	46.29	61.02	17.67	36.63	-43.98
Cash at Beginning of Period	314.72	318.48	341.10	366.82	320.53	259.51	241.83	205.20	247.80
Cash at End of Period	372.35	314.72	318.48	341.10	366.82	320.53	259.51	241.83	203.82
Free Cash Flow	137.15	46.41	130.15	180.77	197.35	111.41	131.27	98.06	69.96
Supplemental Disclosures
Interest Paid	1.68	2.04	4.61	7.36	6.94	-	-	-	-
Income Taxes Paid	24.16	21.53	97.67	88.69	56.08	-	-	-	-

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

Frequently Asked Questions About Diodes Incorporated Cash Flow

What is Diodes Incorporated's free cash flow?

Diodes Incorporated generated free cash flow of $137.15M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $215.51M minus $78.36M of capital expenditures. That was up 195.5% from $46.41M a year earlier. Free cash flow equaled 9.3% of revenue.

How much does Diodes Incorporated spend on capital expenditures?

Diodes Incorporated spent $78.36M on capital expenditures in fiscal 2025, compared with $73.02M a year earlier. That equals 36.4% of operating cash flow.

Does Diodes Incorporated pay dividends or buy back shares?

Yes. In fiscal 2025 Diodes Incorporated returned $33.81M 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