Norwood Financial (NWFL) Cash Flow: Operating & Free Cash Flow

Norwood Financial (NWFL) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Norwood Financial generated $33.97M of operating cash flow and spent $4.72M on capital expenditures. That left free cash flow of $29.25M, up 48.6% from $19.68M a year earlier, or 33.3% of revenue. It returned $11.85M to shareholders through $11.49M in dividends and $361.00K in share buybacks.

Norwood Financial 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 Norwood Financial Corp. (NWFL) - 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	27.76	-0.16	16.76	29.23	24.92	15.08	14.22	13.65	8.20
Depreciation & Amortization	0.00	1.38	1.46	1.57	1.60	1.44	1.11	1.02	1.07
Deferred Income Tax	0.00	-0.13	0.58	0.42	-0.38	0.85	0.99	0.02	2.73
Stock Based Compensation	0.00	0.72	0.83	0.64	0.55	0.54	0.50	0.44	0.24
Change in Working Capital	-1.26	1.76	6.65	0.42	-0.06	-2.09	0.68	0.31	0.29
Change in Accounts Receivable	-0.78	-0.34	-1.21	-1.03	0.34	-1.09	0.06	-0.06	-0.07
Change in Accounts Payable	-0.48	2.11	7.86	1.45	-0.40	-1.01	0.63	0.37	0.37
Change in Other Working Capital	0.00	0.00	-3.09	-2.07	-3.00	0.00	0.00	0.00	0.00
Other Operating Activities	7.47	19.23	-3.09	0.03	-3.00	-2.01	0.95	1.85	3.53
Net Cash from Operating Activities	33.97	22.81	29.82	30.73	29.20	13.80	18.44	17.30	16.05
Investing Activities
Capital Expenditures	-4.72	-3.13	-1.41	-2.15	-1.26	-0.75	-1.62	-0.87	-1.63
Acquisitions	0.00	0.00	0.00	0.00	0.00	15.19	0.00	0.00	0.00
Purchases of Investments	0.00	-208.05	-12.67	-130.83	-268.24	-82.35	-21.54	-15.46	-19.96
Sales/Maturities of Investments	0.00	214.02	37.06	45.89	79.58	83.37	60.90	48.62	42.51
Other Investing Activities	-128.95	-118.05	-139.55	-0.42	58.95	-76.82	-77.52	-87.13	-49.51
Net Cash from Investing Activities	-128.95	-115.21	-116.57	-207.99	-130.96	-61.36	-39.78	-54.84	-28.59
Financing Activities
Debt Repayment	-140.73	16.55	-70.76	-30.00	-12.46	-12.93	13.36	26.86	13.66
Common Stock Issued	0.18	28.12	0.00	0.79	0.00	0.00	0.13	0.12	0.13
Common Stock Repurchased	-0.36	-0.70	-3.10	-2.52	-1.44	-0.11	-0.43	-0.19	-1.59
Dividends Paid	-11.49	-9.72	-9.42	-9.16	-8.54	-7.26	-6.04	-5.51	-5.39
Other Financing Activities	219.48	64.37	68.42	-28.28	221.68	164.14	11.51	18.04	5.38
Net Cash from Financing Activities	67.08	98.62	121.00	2.45	196.75	143.84	18.41	39.19	12.07
Summary
Net Change in Cash	-27.90	6.22	34.25	-174.82	94.99	96.28	-2.93	1.65	-0.48
Cash at Beginning of Period	72.34	66.12	31.87	206.68	111.69	15.42	18.35	16.70	17.17
Cash at End of Period	44.44	72.34	66.12	31.87	206.68	111.69	15.42	18.35	16.70
Free Cash Flow	29.25	19.68	28.41	28.58	27.94	13.05	16.82	16.43	14.42
Supplemental Disclosures
Interest Paid	-	48.28	25.62	5.82	6.16	-	-	-	-
Income Taxes Paid	-	2.62	4.94	6.89	5.33	-	-	-	-

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

Frequently Asked Questions About Norwood Financial Cash Flow

What is Norwood Financial's free cash flow?

Norwood Financial generated free cash flow of $29.25M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $33.97M minus $4.72M of capital expenditures. That was up 48.6% from $19.68M a year earlier. Free cash flow equaled 33.3% of revenue.

How much does Norwood Financial spend on capital expenditures?

Norwood Financial spent $4.72M on capital expenditures in fiscal 2025, compared with $3.13M a year earlier. That equals 13.9% of operating cash flow.

Does Norwood Financial pay dividends or buy back shares?

Yes. In fiscal 2025 Norwood Financial returned $11.49M in dividends and $361.00K 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