National Beverage (FIZZ) Cash Flow: Operating & Free Cash Flow

National Beverage 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 National Beverage Corp. (FIZZ) - Annual data in millions USD
Breakdown	FY 2026	FY 2026	FY 2025	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	May 2026	Apr 2026	May 2025	Apr 2025	Apr 2024	Apr 2023	Apr 2022	May 2021	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Operating Activities
Net Income	183.65	183.65	186.82	186.82	176.73	142.16	158.51	174.15	174.15	129.97	140.85	149.77	107.05
Depreciation & Amortization	22.68	22.68	20.80	20.80	20.16	20.04	31.80	18.10	31.16	30.59	15.44	13.23	12.83
Deferred Income Tax	-	3.69	-	-0.45	0.91	-0.82	5.33	-	-0.13	0.01	3.35	0.68	1.36
Stock Based Compensation	0.44	0.44	0.61	0.61	0.88	0.68	0.70	0.46	0.46	0.13	0.25	0.16	0.21
Change in Working Capital	-	-45.94	-16.52	-16.52	-14.83	-13.78	-63.20	-11.98	-11.98	16.79	-20.46	-9.27	-7.75
Change in Accounts Receivable	-0.14	-0.14	-1.32	-1.32	2.08	-11.33	-7.15	-1.52	-1.52	-0.08	-0.48	-13.04	-10.27
Change in Inventory	-10.41	-10.41	-0.51	-0.51	8.98	9.74	-31.84	-8.00	-8.00	7.22	-9.78	-7.57	-5.43
Change in Accounts Payable	3.76	3.76	4.17	4.17	-6.82	-10.19	6.55	14.39	14.39	8.17	-8.65	16.75	8.71
Change in Other Working Capital	-26.45	16.74	-14.51	15.43	-19.06	13.38	-30.75	-12.32	-16.84	1.49	-1.55	-5.41	-0.75
Other Operating Activities	20.43	16.74	14.99	15.43	14.05	13.38	-0.01	13.04	0.11	0.21	0.01	0.15	0.07
Net Cash from Operating Activities	181.25	181.25	206.70	206.70	197.91	161.67	133.13	193.77	193.77	177.69	139.44	154.72	113.77
Investing Activities
Capital Expenditures	-25.14	-25.14	-36.28	-36.28	-30.30	-21.98	-29.02	-25.31	-25.31	-23.89	-38.33	-31.97	-14.02
Acquisitions	-	0.00	-	0.00	0.00	0.03	0.01	-	0.00	0.01	0.02	0.06	0.03
Other Investing Activities	-	0.02	-	0.01	0.05	0.03	0.01	-	-0.01	0.01	0.02	0.06	0.03
Net Cash from Investing Activities	-25.12	-25.12	-36.28	-36.28	-30.25	-21.95	-29.00	-25.31	-25.31	-23.88	-38.32	-31.91	-13.99
Financing Activities
Debt Repayment	-	0.00	-	0.00	0.00	-30.00	30.00	-	0.00	0.00	0.00	0.00	0.00
Common Stock Issued	0.25	0.25	0.52	0.52	0.00	0.00	0.34	0.49	0.00	0.00	0.00	0.56	0.37
Common Stock Repurchased	-0.67	-0.67	-	0.00	0.00	0.00	-0.34	-	0.00	-6.23	0.00	0.00	0.00
Dividends Paid	-	0.00	-304.15	-304.15	0.00	0.00	-280.00	-279.88	-279.88	0.00	-135.25	-69.88	-69.85
Other Financing Activities	-	0.00	-	0.00	1.31	0.31	0.34	-	0.49	0.74	0.46	0.56	0.37
Net Cash from Financing Activities	-0.42	-0.42	-303.63	-303.63	1.31	-29.69	-249.67	-279.39	-279.39	-5.49	-134.79	-69.32	-68.99
Summary
Net Change in Cash	155.71	155.71	-133.21	-133.21	168.97	110.02	-145.54	-110.93	-110.93	148.32	-33.66	53.49	30.80
Cash at Beginning of Period	-	193.84	-	327.05	158.07	48.05	193.59	-	304.52	156.20	189.86	136.37	105.58
Cash at End of Period	-	349.54	-	193.84	327.05	158.07	48.05	-	193.59	304.52	156.20	189.86	136.37
Free Cash Flow	156.11	156.11	170.42	170.42	167.61	139.69	104.12	168.46	168.46	153.80	101.11	122.75	99.76
Supplemental Disclosures
Interest Paid	-	-	0.12	-	0.23	0.32	0.37	0.15	-	-	-	-	-
Income Taxes Paid	-	-	55.99	-	55.97	37.83	51.96	63.36	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Aug 1, 2026. Data sources and methodology

Frequently Asked Questions About National Beverage Cash Flow

What is National Beverage's free cash flow?

National Beverage generated free cash flow of $156.11M in fiscal 2026 (fiscal year ended May 2, 2026), operating cash flow of $181.25M minus $25.14M of capital expenditures. That was down 8.4% from $170.41M a year earlier. Free cash flow equaled 13.2% of revenue.

How much does National Beverage spend on capital expenditures?

National Beverage spent $25.14M on capital expenditures in fiscal 2026, compared with $36.28M a year earlier. That equals 13.9% of operating cash flow.

Does National Beverage pay dividends or buy back shares?

Yes. In fiscal 2026 National Beverage returned $673.00K 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