Lee Enterprises, Incorporated (LEE) Cash Flow: Operating & Free Cash Flow

Lee Enterprises, 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 Lee Enterprises, Incorporated (LEE) - 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	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Operating Activities
Net Income	-35.75	-23.57	-2.73	0.10	24.83	-1.26	15.91	47.05	28.61
Depreciation & Amortization	18.84	27.62	30.62	36.54	42.84	36.13	29.33	31.77	41.28
Deferred Income Tax	-6.91	-10.54	-4.54	-4.38	5.12	-3.56	-2.00	-17.38	10.36
Stock Based Compensation	1.76	1.75	1.81	1.34	0.85	1.29	1.64	1.86	2.09
Change in Working Capital	-10.65	-14.39	-31.66	-47.22	-20.28	15.67	3.80	-8.23	-14.27
Change in Accounts Receivable	-9.23	-5.49	-6.39	-7.80	-12.47	26.91	1.70	4.42	2.85
Change in Inventory	0.54	0.90	0.98	-3.09	1.24	2.72	2.76	-1.93	0.69
Change in Accounts Payable	4.21	-7.38	-26.16	-14.88	4.73	-8.34	-3.68	-8.59	-6.39
Change in Other Working Capital	-6.17	-4.45	-0.08	-0.77	-13.78	-5.62	3.02	-2.14	-11.42
Other Operating Activities	27.17	-4.45	3.98	-0.77	-3.29	1.60	9.00	4.23	4.21
Net Cash from Operating Activities	-5.54	1.12	-2.52	2.85	50.08	49.87	57.68	59.30	72.28
Investing Activities
Capital Expenditures	-1.54	-9.21	-5.11	-7.54	-7.48	-8.10	-5.90	-6.03	-4.08
Acquisitions	0.00	0.00	0.00	0.00	4.62	-130.99	-6.54	6.62	-7.45
Other Investing Activities	9.25	12.94	13.09	14.45	0.59	20.91	1.51	5.95	2.07
Net Cash from Investing Activities	7.71	3.73	7.98	6.91	-2.28	-118.18	-10.93	-0.07	-9.46
Financing Activities
Debt Repayment	-1.78	-9.80	-6.81	-20.06	-55.67	94.66	-41.23	-63.96	-69.16
Common Stock Issued	0.00	0.00	0.00	0.37	0.25	0.00	0.00	0.00	0.00
Common Stock Repurchased	0.00	0.00	-0.28	0.00	0.00	-0.58	-0.47	-0.50	-0.03
Dividends Paid	0.00	0.00	-0.66	0.00	0.00	0.00	0.00	0.00	0.00
Other Financing Activities	0.00	0.00	0.66	0.00	0.00	-0.68	-1.77	0.00	0.00
Net Cash from Financing Activities	-1.78	-9.80	-7.09	-19.69	-55.42	93.40	-43.48	-64.47	-69.19
Summary
Net Change in Cash	0.39	-4.95	-1.64	-9.93	-7.62	25.09	3.27	-5.24	-6.36
Cash at Beginning of Period	9.60	14.55	16.19	26.11	33.73	8.65	5.38	10.62	16.98
Cash at End of Period	9.99	9.60	14.55	16.19	26.11	33.73	8.65	5.38	10.62
Free Cash Flow	-7.08	-8.09	-7.63	-4.68	42.60	41.77	51.78	53.27	68.20
Supplemental Disclosures
Interest Paid	40.51	41.23	41.47	41.77	45.21	-	-	-	-
Income Taxes Paid	2.91	7.37	3.72	5.31	7.60	-	-	-	-

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

Frequently Asked Questions About Lee Enterprises, Incorporated Cash Flow

What is Lee Enterprises, Incorporated's free cash flow?

Lee Enterprises, Incorporated had negative free cash flow of $7.08M in fiscal 2025 (fiscal year ended Sep 30, 2025), operating cash flow of −$5.54M minus $1.54M of capital expenditures.

How much does Lee Enterprises, Incorporated spend on capital expenditures?

Lee Enterprises, Incorporated spent $1.54M on capital expenditures in fiscal 2025, compared with $9.21M a year earlier.

Does Lee Enterprises, Incorporated pay dividends or buy back shares?

Lee Enterprises, Incorporated's cash flow statement for fiscal 2025 shows no dividend payments or share repurchases.

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