Interparfums (IPAR) Cash Flow: Operating & Free Cash Flow

Interparfums (IPAR) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Interparfums generated $214.90M of operating cash flow and spent $48.20M on capital expenditures. That left free cash flow of $166.70M, up 0.9% from $165.29M a year earlier, or 11.2% of revenue. It returned $116.59M to shareholders through $102.72M in dividends and $13.87M in share buybacks.

Interparfums 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 Interparfums, Inc. (IPAR) - 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	208.15	203.43	187.78	151.04	110.03	49.97	76.07	69.72	55.25
Depreciation & Amortization	25.30	28.36	17.33	22.54	12.70	9.07	8.73	11.03	11.91
Deferred Income Tax	1.67	-2.08	-1.71	-3.60	-0.47	0.58	-2.33	-0.16	-0.59
Stock Based Compensation	1.57	2.38	2.53	3.14	2.85	3.03	3.39	2.21	2.09
Change in Working Capital	-20.72	-50.97	-101.97	-65.57	-13.69	-7.27	-11.69	-20.89	-32.46
Change in Accounts Receivable	-22.10	-41.28	-36.84	-59.64	-45.40	13.16	1.12	-23.03	-6.02
Change in Inventory	55.17	-17.20	-73.70	-98.30	-49.82	19.33	-5.93	-29.34	-28.52
Change in Accounts Payable	-32.04	4.87	3.06	106.86	103.05	0.00	-4.96	25.59	5.70
Change in Other Working Capital	6.67	6.27	5.30	-14.49	-24.23	-39.76	-1.93	5.89	-3.63
Other Operating Activities	6.67	6.27	1.38	7.61	7.70	9.62	2.28	1.14	-0.32
Net Cash from Operating Activities	214.90	187.64	105.77	115.15	119.59	64.99	76.45	63.04	35.89
Investing Activities
Capital Expenditures	-48.20	-22.35	-6.47	-132.62	-141.27	-12.26	-11.49	-12.47	-4.07
Acquisitions	-1.55	0.00	0.00	-4.40	1.55	-14.00	6.07	8.51	1.05
Purchases of Investments	-162.15	-206.22	-221.11	-1.04	-55.69	-7.58	-38.96	-10.03	-31.87
Sales/Maturities of Investments	149.20	183.74	281.74	0.90	10.64	11.51	44.81	8.86	66.98
Other Investing Activities	0.00	-17.61	-46.90	4.40	-1.55	-1.25	-6.07	-8.51	4.84
Net Cash from Investing Activities	-61.15	-44.83	7.26	-132.76	-187.87	-22.33	-5.64	-13.64	36.92
Financing Activities
Debt Repayment	-50.32	-34.69	-28.80	32.63	-43.06	-0.29	-22.32	-23.49	-22.36
Common Stock Issued	7.58	7.05	8.03	6.00	5.39	0.00	4.46	3.41	1.96
Common Stock Repurchased	-13.87	0.00	-15.39	-6.00	-5.39	0.00	-4.46	0.00	0.00
Dividends Paid	-102.72	-96.03	-80.05	-63.74	-31.69	-20.81	-34.58	-26.29	-21.19
Other Financing Activities	-28.42	-24.73	-21.33	-14.46	-9.84	2.45	-11.28	-6.11	-4.08
Net Cash from Financing Activities	-131.26	-100.77	-133.21	-45.57	78.19	-18.65	-68.18	-55.88	-47.63
Summary
Effect of Forex Changes on Cash	10.16	-5.07	3.93	-0.49	-11.21	12.25	-3.35	-8.73	21.33
Net Change in Cash	32.66	36.97	-16.25	-63.67	-1.29	36.26	-0.72	-15.21	46.52
Cash at Beginning of Period	125.43	88.46	104.71	168.39	169.68	133.42	193.14	208.34	161.83
Cash at End of Period	158.09	125.43	88.46	104.71	168.39	169.68	192.42	193.14	208.34
Free Cash Flow	166.70	165.29	99.31	-17.47	-21.69	52.73	64.96	50.58	31.82
Supplemental Disclosures
Interest Paid	-	7.50	5.82	2.99	2.47	1.11	-	-	-
Income Taxes Paid	-	63.20	60.99	38.49	40.50	21.77	-	-	-

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

Frequently Asked Questions About Interparfums Cash Flow

What is Interparfums's free cash flow?

Interparfums generated free cash flow of $166.70M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $214.90M minus $48.20M of capital expenditures. That was up 0.9% from $165.29M a year earlier. Free cash flow equaled 11.2% of revenue.

How much does Interparfums spend on capital expenditures?

Interparfums spent $48.20M on capital expenditures in fiscal 2025, compared with $22.35M a year earlier. That equals 22.4% of operating cash flow.

Does Interparfums pay dividends or buy back shares?

Yes. In fiscal 2025 Interparfums returned $102.72M in dividends and $13.87M 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