Flexsteel Industries (FLXS) Cash Flow: Operating & Free Cash Flow

Flexsteel Industries (FLXS) Cash Flow Statement

In fiscal 2026 (fiscal year ended Jun 30, 2026), Flexsteel Industries generated $51.52M of operating cash flow and spent $3.94M on capital expenditures. That left free cash flow of $47.58M, up 41.1% from $33.72M a year earlier, or 10.4% of revenue. It returned $68.12M to shareholders through $4.38M in dividends and $63.75M in share buybacks.

Flexsteel Industries 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 Flexsteel Industries, Inc. (FLXS) - Annual data in millions USD
Breakdown	FY 2026	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Jun 2026	Jun 2025	Jun 2024	Jun 2023	Jun 2022	Jun 2021	Jun 2020	Jun 2019	Jun 2018	Jun 2017
Operating Activities
Net Income	33.13	20.15	10.53	14.78	1.85	23.05	-26.84	-32.61	17.67	23.79
Depreciation & Amortization	3.83	3.65	4.00	4.57	5.17	5.21	8.37	7.44	7.37	7.94
Deferred Income Tax	4.52	-3.84	-1.45	-7.15	0.00	1.87	3.46	-3.51	0.29	1.61
Stock Based Compensation	4.55	3.87	4.65	3.19	1.02	3.74	4.88	1.36	0.50	1.61
Change in Working Capital	5.23	8.75	17.16	8.30	1.99	-62.08	25.58	10.42	3.37	-6.44
Change in Accounts Receivable	-7.60	9.25	-5.91	3.32	15.14	-25.24	4.42	3.14	1.21	2.36
Change in Inventory	-1.46	7.44	25.50	19.14	19.91	-90.56	23.09	2.55	3.19	-13.49
Change in Accounts Payable	10.86	-0.58	1.37	-7.32	-35.81	39.89	9.33	5.13	-1.87	4.03
Change in Other Working Capital	3.43	-7.37	-3.80	-6.84	3.52	9.87	-11.26	-0.39	0.84	0.67
Other Operating Activities	0.26	4.39	-3.00	-0.69	-2.04	-2.60	2.85	23.62	-1.89	-2.11
Net Cash from Operating Activities	51.52	36.98	31.88	22.99	7.99	-32.69	18.29	6.71	27.29	26.39
Investing Activities
Capital Expenditures	-3.94	-3.26	-4.77	-4.79	-3.85	-2.58	-3.69	-21.35	-29.45	-13.46
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	-0.05	-1.69	-13.04	-42.23	-30.54
Sales/Maturities of Investments	0.00	1.16	0.00	0.00	0.00	0.05	1.70	28.97	44.17	12.47
Other Investing Activities	0.02	11.54	4.18	0.34	1.94	18.64	20.47	0.25	6.15	1.85
Net Cash from Investing Activities	-3.92	9.43	-0.59	-4.45	-1.92	16.06	16.79	-5.17	-21.35	-29.67
Financing Activities
Debt Repayment	0.00	-4.92	-23.45	-373.27	-230.85	-5.00	0.00	0.00	0.00	0.00
Common Stock Issued	0.07	0.14	0.09	0.00	0.12	0.09	0.02	-0.13	0.23	1.08
Common Stock Repurchased	-63.75	0.00	-1.66	-3.70	-35.68	-31.20	-1.56	0.00	0.00	-1.13
Dividends Paid	-4.38	-3.56	-3.22	-3.24	-3.91	-2.62	-7.02	-6.92	-6.75	-6.06
Other Financing Activities	-2.87	-2.83	-1.65	-0.95	-0.63	-1.44	-0.56	0.00	-0.55	1.49
Net Cash from Financing Activities	-70.93	-11.17	-29.89	-17.36	-5.24	-30.23	-9.12	-7.05	-7.07	-4.62
Summary
Net Change in Cash	-23.33	35.25	1.40	1.18	0.84	-46.86	25.95	-5.50	-1.12	-7.91
Cash at Beginning of Period	40.01	4.76	3.37	2.18	1.34	48.20	22.25	27.75	28.87	36.78
Cash at End of Period	16.68	40.01	4.76	3.37	2.18	1.34	48.20	22.25	27.75	28.87
Free Cash Flow	47.58	33.72	27.11	18.20	4.14	-35.27	14.60	-14.63	-2.15	12.93
Supplemental Disclosures
Interest Paid	-	0.11	1.69	1.07	0.74	0.01	-	-	-	-
Income Taxes Paid	-	9.40	4.30	4.10	-0.82	-5.56	-	-	-	-

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

Frequently Asked Questions About Flexsteel Industries Cash Flow

What is Flexsteel Industries's free cash flow?

Flexsteel Industries generated free cash flow of $47.58M in fiscal 2026 (fiscal year ended Jun 30, 2026), operating cash flow of $51.52M minus $3.94M of capital expenditures. That was up 41.1% from $33.72M a year earlier. Free cash flow equaled 10.4% of revenue.

How much does Flexsteel Industries spend on capital expenditures?

Flexsteel Industries spent $3.94M on capital expenditures in fiscal 2026, compared with $3.26M a year earlier. That equals 7.6% of operating cash flow.

Does Flexsteel Industries pay dividends or buy back shares?

Yes. In fiscal 2026 Flexsteel Industries returned $4.38M in dividends and $63.75M 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