Escalade, Incorporated (ESCA) Cash Flow: Operating & Free Cash Flow

Escalade, Incorporated (ESCA) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Escalade, Incorporated generated $31.01M of operating cash flow and spent $2.51M on capital expenditures. That left free cash flow of $28.50M, down 16.2% from $34.01M a year earlier, or 11.9% of revenue. It returned $11.38M to shareholders through $8.28M in dividends and $3.10M in share buybacks.

Escalade, 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 Escalade, Incorporated (ESCA) - 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	13.70	12.99	9.83	17.99	24.41	25.93	7.26	20.44	14.06
Depreciation & Amortization	5.06	6.04	5.67	6.06	4.84	4.02	4.03	3.86	3.91
Deferred Income Tax	3.00	0.18	-1.39	-0.24	0.57	0.66	0.13	0.94	-2.95
Stock Based Compensation	0.00	0.00	2.46	0.05	0.14	1.02	0.00	0.60	0.52
Change in Working Capital	6.37	17.82	31.31	-17.34	-29.34	-29.46	3.78	-8.30	-3.23
Change in Accounts Receivable	1.47	0.47	6.87	9.74	-0.30	-29.91	4.91	-1.14	-3.37
Change in Inventory	7.55	16.44	29.41	-15.85	-19.89	-26.42	-3.15	-3.36	-0.47
Change in Accounts Payable	-4.39	2.63	-5.72	-14.67	-4.99	26.91	0.04	-3.99	1.11
Change in Other Working Capital	1.73	-1.72	0.75	3.43	-9.15	-0.04	1.97	0.19	-0.51
Other Operating Activities	2.88	-0.97	-0.49	2.01	0.48	0.47	0.84	-10.60	1.42
Net Cash from Operating Activities	31.01	36.05	48.33	8.58	1.07	2.63	16.04	6.51	13.36
Investing Activities
Capital Expenditures	-2.51	-2.04	-2.09	-2.11	-9.70	-5.46	-2.19	-2.82	-2.75
Acquisitions	0.00	0.00	0.00	-35.76	0.00	-15.45	-0.76	26.54	-1.45
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-20.69	0.00
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.00	20.69	0.00
Other Investing Activities	-2.30	5.97	0.14	0.04	0.04	-0.13	0.00	1.15	0.01
Net Cash from Investing Activities	-4.81	3.93	-1.95	-37.83	-9.65	-21.03	-2.95	24.87	-4.19
Financing Activities
Debt Repayment	-7.14	-25.30	-137.98	-160.03	-204.60	30.07	-0.11	-23.12	-2.32
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.12	0.00	0.16
Common Stock Repurchased	-3.10	-2.19	0.00	0.00	-10.43	-6.74	-2.94	-0.01	-0.16
Dividends Paid	-8.28	-8.31	-6.18	-8.15	-7.69	-7.47	-7.20	-7.22	-6.61
Other Financing Activities	0.00	0.00	-0.17	-0.34	-0.03	0.15	0.10	0.22	0.31
Net Cash from Financing Activities	-18.52	-35.80	-50.33	28.85	9.45	16.02	-10.03	-30.13	-8.61
Summary
Net Change in Cash	7.68	4.18	-3.95	-0.41	0.87	-2.38	3.06	1.25	0.56
Cash at Beginning of Period	4.19	0.02	3.97	4.37	3.51	5.88	2.82	1.57	1.01
Cash at End of Period	11.88	4.19	0.02	3.97	4.37	3.51	5.88	2.82	1.57
Free Cash Flow	28.50	34.01	46.24	6.46	-8.62	-2.82	13.85	3.69	10.62
Supplemental Disclosures
Interest Paid	-	2.23	5.33	3.87	1.43	0.21	-	-	-
Income Taxes Paid	-	4.99	4.26	4.14	6.28	6.21	-	-	-

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

Frequently Asked Questions About Escalade, Incorporated Cash Flow

What is Escalade, Incorporated's free cash flow?

Escalade, Incorporated generated free cash flow of $28.50M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $31.01M minus $2.51M of capital expenditures. That was down 16.2% from $34.01M a year earlier. Free cash flow equaled 11.9% of revenue.

How much does Escalade, Incorporated spend on capital expenditures?

Escalade, Incorporated spent $2.51M on capital expenditures in fiscal 2025, compared with $2.04M a year earlier. That equals 8.1% of operating cash flow.

Does Escalade, Incorporated pay dividends or buy back shares?

Yes. In fiscal 2025 Escalade, Incorporated returned $8.28M in dividends and $3.10M 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