Knowles (KN) Cash Flow: Operating & Free Cash Flow

Knowles (KN) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Knowles generated $114.00M of operating cash flow and spent $32.10M on capital expenditures. That left free cash flow of $81.90M, down 29.7% from $116.50M a year earlier, or 13.8% of revenue. It returned $71.20M to shareholders through $6.20M in dividends and $65.00M in share buybacks.

Knowles 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 Knowles Corporation (KN) - 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	44.20	-237.80	65.60	-430.10	150.20	2.90	49.70	65.60	6.50
Depreciation & Amortization	36.30	50.30	26.20	53.90	62.50	60.60	54.40	52.40	53.80
Deferred Income Tax	8.90	9.50	-40.30	1.60	-61.20	-2.60	-0.70	8.70	-30.10
Stock Based Compensation	28.40	22.80	0.00	28.60	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	-17.70	27.30	25.80	-47.40	-13.70	22.70	-13.70	-60.70	0.40
Change in Accounts Receivable	1.10	4.00	12.70	11.10	-12.30	29.00	-17.80	-0.30	2.40
Change in Inventory	-5.10	1.60	11.50	-22.80	-20.70	16.70	-0.30	-15.70	-34.00
Change in Accounts Payable	-18.00	25.00	6.20	-41.20	17.20	-17.50	12.10	-6.30	4.90
Change in Other Working Capital	4.30	-5.40	-4.60	19.50	2.10	-5.50	-7.70	-38.40	27.10
Other Operating Activities	13.90	267.50	45.40	481.30	44.30	44.50	34.20	32.50	62.30
Net Cash from Operating Activities	114.00	130.10	122.70	86.30	182.10	128.10	123.90	98.50	92.90
Investing Activities
Capital Expenditures	-32.10	-13.60	-17.20	-32.10	-48.60	-31.90	-41.20	-80.10	-51.60
Acquisitions	0.00	58.00	-124.40	-0.70	-77.90	0.30	-69.30	-7.90	121.10
Purchases of Investments	-1.60	-0.50	-0.40	-0.40	-3.50	-3.50	0.00	0.00	0.00
Sales/Maturities of Investments	1.60	0.50	0.40	0.40	0.40	0.00	0.00	0.00	0.00
Other Investing Activities	0.50	-6.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Cash from Investing Activities	-31.60	45.20	-141.60	-32.70	-129.60	-35.10	-110.50	-88.00	69.50
Financing Activities
Debt Repayment	-93.20	-50.00	110.30	-29.80	67.70	-3.40	-9.00	-43.40	-116.10
Common Stock Issued	6.70	5.80	1.60	7.50	25.60	1.80	9.80	0.50	3.30
Common Stock Repurchased	-65.00	-53.70	-47.50	-44.00	-44.50	-16.20	0.00	0.00	0.00
Dividends Paid	-6.20	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	-1.20	-8.10	-6.20	-11.70	-180.20	-6.10	-9.30	-5.70	-5.10
Net Cash from Financing Activities	-158.90	-132.00	58.20	-73.20	-131.40	-23.90	-8.50	-48.60	-117.90
Summary
Effect of Forex Changes on Cash	0.60	-0.50	-0.20	-1.10	0.00	0.30	0.00	-0.10	1.00
Net Change in Cash	-75.90	42.80	39.10	-20.70	-78.90	69.40	4.90	-38.20	48.30
Cash at Beginning of Period	130.10	87.30	48.20	68.90	147.80	78.40	73.50	111.70	63.40
Cash at End of Period	54.20	130.10	87.30	48.20	68.90	147.80	78.40	73.50	111.70
Free Cash Flow	81.90	116.50	105.50	54.20	133.50	96.20	82.70	18.40	41.30
Supplemental Disclosures
Interest Paid	8.30	12.00	5.40	3.60	7.40	-	-	-	-
Income Taxes Paid	8.40	14.90	10.60	6.20	16.10	-	-	-	-

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

Frequently Asked Questions About Knowles Cash Flow

What is Knowles's free cash flow?

Knowles generated free cash flow of $81.90M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $114.00M minus $32.10M of capital expenditures. That was down 29.7% from $116.50M a year earlier. Free cash flow equaled 13.8% of revenue.

How much does Knowles spend on capital expenditures?

Knowles spent $32.10M on capital expenditures in fiscal 2025, compared with $13.60M a year earlier. That equals 28.2% of operating cash flow.

Does Knowles pay dividends or buy back shares?

Yes. In fiscal 2025 Knowles returned $6.20M in dividends and $65.00M 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