Village Farms International (VFF) Cash Flow: Operating & Free Cash Flow

Village Farms International Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Village Farms International, Inc. (VFF) - 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	20.99	-27.94	-34.82	-101.15	-9.08	11.61	2.33	-5.15	3.82
Depreciation & Amortization	16.38	16.73	15.93	13.27	12.71	6.95	7.37	7.03	7.59
Deferred Income Tax	-2.07	-1.74	7.05	9.83	-2.87	-6.46	-5.86	-2.91	0.11
Stock Based Compensation	1.74	3.75	3.11	3.99	7.53	6.14	4.71	1.45	1.52
Change in Working Capital	19.86	0.44	-2.08	-4.86	-47.15	13.07	5.24	-2.72	-4.68
Change in Accounts Receivable	-3.75	-3.99	-2.52	3.31	-10.31	-3.20	2.30	-0.05	-1.06
Change in Inventory	1.14	10.38	-5.28	-14.58	-16.76	3.00	9.04	-5.18	-1.20
Change in Accounts Payable	6.70	2.65	-3.55	6.70	6.33	-1.67	-1.95	1.44	0.39
Change in Other Working Capital	15.76	-3.48	9.26	-2.25	2.02	14.94	-4.15	1.07	-2.82
Other Operating Activities	-7.17	21.29	16.13	66.25	2.02	-35.91	-28.18	0.03	-5.07
Net Cash from Operating Activities	49.72	10.35	5.32	-19.89	-39.57	5.68	-14.39	-2.26	3.28
Investing Activities
Capital Expenditures	-18.22	-7.17	-6.52	-14.29	-21.66	-3.42	-2.29	-3.09	-1.70
Acquisitions	0.00	0.00	-0.55	-5.87	-40.69	-35.83	-0.10	0.07	0.00
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	-11.89	-0.10	0.00	0.00
Sales/Maturities of Investments	0.00	-0.16	0.00	0.00	0.00	-0.09	0.10	0.00	0.00
Other Investing Activities	38.32	-2.91	0.84	-0.73	-0.02	-0.27	-14.46	-10.40	0.00
Net Cash from Investing Activities	20.10	-10.24	-6.23	-20.90	-63.47	-51.23	-16.84	-13.49	-1.70
Financing Activities
Debt Repayment	-7.87	-5.71	-9.28	-9.71	-24.97	-6.36	-3.51	-0.78	-7.07
Common Stock Issued	5.03	0.00	24.77	6.88	135.00	57.64	35.03	23.64	9.77
Common Stock Repurchased	-2.97	0.00	0.00	0.00	-5.00	0.00	0.00	0.00	0.00
Other Financing Activities	-4.55	-3.82	-1.35	-0.21	-7.51	-3.29	-0.13	0.14	0.06
Net Cash from Financing Activities	-10.35	-9.53	14.14	4.50	135.88	58.61	31.39	20.58	0.14
Summary
Effect of Forex Changes on Cash	2.15	-1.24	0.39	-0.70	0.14	0.63	-0.09	0.00	-0.01
Net Change in Cash	61.62	-10.66	13.62	-36.99	32.85	13.69	0.07	4.83	1.72
Cash at Beginning of Period	24.63	35.29	21.68	58.67	25.68	11.99	11.92	7.09	5.37
Cash at End of Period	86.25	24.63	35.29	21.68	58.67	25.68	11.99	11.92	7.09
Free Cash Flow	31.51	3.18	-1.20	-34.18	-61.22	2.26	-16.67	-5.35	1.59
Supplemental Disclosures
Interest Paid	-	4.20	4.70	3.42	3.31	1.30	-	-	-
Income Taxes Paid	-	-	-	-	1.80	0.16	-	-	-

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

Frequently Asked Questions About Village Farms International Cash Flow

What is Village Farms International's free cash flow?

Village Farms International generated free cash flow of $31.50M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of $49.72M minus $18.22M of capital expenditures. That was up 891.0% from $3.18M a year earlier. Free cash flow equaled 14.6% of revenue.

How much does Village Farms International spend on capital expenditures?

Village Farms International spent $18.22M on capital expenditures in fiscal 2025, compared with $7.17M a year earlier. That equals 36.6% of operating cash flow.

Does Village Farms International pay dividends or buy back shares?

Yes. In fiscal 2025 Village Farms International returned $2.97M 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