La-Z-Boy Incorporated (LZB) Cash Flow: Operating & Free Cash Flow

La-Z-Boy Incorporated (LZB) Cash Flow Statement

In fiscal 2026 (fiscal year ended Apr 30, 2026), La-Z-Boy Incorporated generated $204.11M of operating cash flow and spent $76.31M on capital expenditures. That left free cash flow of $127.80M, up 13.1% from $112.99M a year earlier, or 6.0% of revenue. It returned $85.22M to shareholders through $37.95M in dividends and $47.27M in share buybacks.

La-Z-Boy 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 La-Z-Boy Incorporated (LZB) - 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	Apr 2026	Apr 2025	Apr 2024	Apr 2023	Apr 2022	Apr 2021	Apr 2020	Apr 2019	Apr 2018	Apr 2017
Operating Activities
Net Income	102.91	100.95	122.63	150.66	152.33	106.42	77.35	68.35	80.46	85.50
Depreciation & Amortization	131.88	123.63	124.55	116.52	112.71	33.02	98.87	31.15	31.77	29.13
Deferred Income Tax	0.00	0.00	-3.27	3.90	1.02	8.79	0.72	-1.67	17.26	0.57
Stock Based Compensation	15.69	17.40	0.00	0.00	11.86	0.00	0.00	0.00	0.00	0.00
Change in Working Capital	-59.14	-77.91	-101.59	-89.24	-183.14	152.07	-50.28	14.95	-17.54	25.73
Change in Accounts Receivable	1.37	-1.91	-16.81	53.68	-41.83	-38.29	29.69	7.20	-2.80	-7.85
Change in Inventory	26.32	12.79	19.88	32.31	-72.02	-40.73	14.90	3.14	-8.01	12.52
Change in Accounts Payable	4.05	-2.07	-8.61	4.59	6.33	37.07	-9.91	-2.39	6.60	4.54
Change in Other Working Capital	-86.82	-91.84	-96.05	-179.81	-76.64	194.01	-84.95	7.01	-13.33	16.52
Other Operating Activities	12.77	28.31	15.81	23.33	-13.73	9.63	37.59	37.97	3.80	7.06
Net Cash from Operating Activities	204.11	187.27	158.13	205.17	79.00	309.92	164.24	150.75	115.75	147.99
Investing Activities
Capital Expenditures	-76.31	-74.28	-53.55	-68.81	-76.58	-37.96	-46.04	-48.43	-36.34	-20.30
Acquisitions	-86.42	-29.53	-34.47	-16.70	-26.32	2.77	4.42	-74.56	-15.06	-35.12
Purchases of Investments	-3.71	-6.99	-18.35	-9.09	-34.15	-39.58	-37.48	-20.70	-28.59	-29.76
Sales/Maturities of Investments	1.75	11.99	24.82	24.48	36.10	36.07	37.24	20.94	22.67	19.95
Other Investing Activities	-59.96	0.41	0.00	0.00	0.00	-2.00	1.08	0.18	2.09	0.00
Net Cash from Investing Activities	-138.61	-98.39	-81.55	-70.12	-78.37	-40.70	-40.77	-122.57	-55.22	-65.23
Financing Activities
Debt Repayment	-0.92	-0.66	-0.49	-0.12	-0.12	-75.05	74.84	-0.22	-0.26	-0.29
Common Stock Issued	-4.23	0.00	10.87	2.86	-1.82	9.03	3.03	13.90	2.98	1.75
Common Stock Repurchased	-47.27	-77.93	-52.77	-5.00	-90.65	-44.20	-43.37	-22.96	-56.73	-35.96
Dividends Paid	-37.95	-34.96	-32.67	-29.87	-27.72	-16.54	-25.09	-23.51	-22.01	-20.66
Other Financing Activities	-0.78	-1.41	-6.17	-5.00	-24.26	-14.29	0.00	0.00	-0.23	1.74
Net Cash from Financing Activities	-91.15	-102.61	-81.23	-37.14	-144.56	-141.05	9.41	-32.79	-76.26	-53.41
Summary
Effect of Forex Changes on Cash	0.41	1.08	-0.93	-0.09	-1.92	3.02	-1.14	-0.48	1.74	0.18
Net Change in Cash	-25.24	-12.65	-5.58	97.82	-145.85	131.18	131.74	-5.08	-13.99	29.52
Cash at Beginning of Period	328.45	341.10	346.68	248.86	394.70	263.53	131.79	136.87	150.86	121.34
Cash at End of Period	303.21	328.45	341.10	346.68	248.86	394.70	263.53	131.79	136.87	150.86
Free Cash Flow	127.80	112.99	104.58	136.36	2.42	271.96	118.21	102.31	79.41	127.69
Supplemental Disclosures
Income Taxes Paid	-	43.80	34.20	69.90	-	-	-	-	-	-

Source: Company financial statements from annual and quarterly filings. Data as of Jul 31, 2026. Data sources and methodology

Frequently Asked Questions About La-Z-Boy Incorporated Cash Flow

What is La-Z-Boy Incorporated's free cash flow?

La-Z-Boy Incorporated generated free cash flow of $127.80M in fiscal 2026 (fiscal year ended Apr 30, 2026), operating cash flow of $204.11M minus $76.31M of capital expenditures. That was up 13.1% from $112.99M a year earlier. Free cash flow equaled 6.0% of revenue.

How much does La-Z-Boy Incorporated spend on capital expenditures?

La-Z-Boy Incorporated spent $76.31M on capital expenditures in fiscal 2026, compared with $74.28M a year earlier. That equals 37.4% of operating cash flow.

Does La-Z-Boy Incorporated pay dividends or buy back shares?

Yes. In fiscal 2026 La-Z-Boy Incorporated returned $37.95M in dividends and $47.27M 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