WD-40 Company (WDFC) Cash Flow: Operating & Free Cash Flow

WD-40 Company (WDFC) Cash Flow Statement

In fiscal 2025 (fiscal year ended Aug 31, 2025), WD-40 Company generated $87.92M of operating cash flow and spent $4.53M on capital expenditures. That left free cash flow of $83.40M, down 5.0% from $87.83M a year earlier, or 13.5% of revenue. It returned $65.46M to shareholders through $50.26M in dividends and $15.20M in share buybacks.

WD-40 Company 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 WD-40 Company (WDFC) - 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	Aug 2025	Aug 2024	Aug 2023	Aug 2022	Aug 2021	Aug 2020	Aug 2019	Aug 2018	Aug 2017
Operating Activities
Net Income	90.99	69.64	65.99	67.33	70.23	60.71	55.91	65.22	52.93
Depreciation & Amortization	9.88	9.46	8.15	8.29	7.02	7.70	7.59	7.80	6.77
Deferred Income Tax	-12.38	-1.16	-1.25	0.60	-1.33	-0.51	0.00	-7.19	1.61
Stock Based Compensation	7.31	6.54	6.43	6.70	9.56	5.36	4.45	4.20	4.14
Change in Working Capital	-10.51	4.63	19.49	-82.07	-1.01	-0.87	-5.71	-4.86	-11.68
Change in Accounts Receivable	0.32	-15.50	-5.34	-7.44	-6.60	-4.50	-7.32	-5.64	0.48
Change in Inventory	-5.21	6.41	19.37	-53.26	-14.57	0.56	-4.80	-1.30	-3.49
Change in Accounts Payable	2.92	4.32	-0.21	5.21	15.49	2.73	-7.95	6.11	2.83
Change in Other Working Capital	-10.42	9.39	0.27	0.30	4.68	0.35	14.36	-4.03	-11.50
Other Operating Activities	-9.75	2.93	0.27	0.30	0.25	0.28	0.62	-0.35	-1.43
Net Cash from Operating Activities	87.93	92.03	98.39	2.60	84.71	72.66	62.85	64.82	52.34
Investing Activities
Capital Expenditures	-4.53	-4.21	-6.87	-8.30	-15.06	-19.31	-13.28	-12.53	-20.15
Acquisitions	1.73	-6.20	0.00	0.00	0.00	0.00	0.38	0.18	0.43
Purchases of Investments	0.00	0.00	0.00	0.00	0.00	0.00	-0.38	-83.70	-27.14
Sales/Maturities of Investments	0.00	0.00	0.00	0.00	0.00	0.00	0.22	166.98	4.57
Other Investing Activities	0.41	0.67	0.66	0.61	0.60	0.36	0.38	0.28	0.43
Net Cash from Investing Activities	-2.39	-9.74	-6.22	-7.69	-14.46	-18.95	-12.68	71.21	-42.29
Financing Activities
Debt Repayment	-0.80	-26.20	-0.80	-0.80	1.14	28.80	-3.71	-67.60	32.00
Common Stock Issued	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.22	0.78
Common Stock Repurchased	-15.20	-8.09	-10.43	-29.16	0.00	-16.83	-29.63	-22.62	-31.11
Dividends Paid	-50.26	-47.20	-44.58	-41.99	-38.23	-36.04	-32.89	-29.59	-26.81
Other Financing Activities	-2.88	-2.44	-0.86	-4.46	-3.67	-2.64	-2.78	-1.82	1.54
Net Cash from Financing Activities	-74.12	-83.94	-85.05	-38.01	-40.75	-26.71	-69.01	-121.41	-23.60
Summary
Effect of Forex Changes on Cash	0.01	0.19	3.17	-5.02	-0.01	2.22	-2.80	-2.84	-0.25
Net Change in Cash	11.43	-1.44	10.30	-48.12	29.50	29.23	-21.63	11.78	-13.81
Cash at Beginning of Period	46.70	48.14	37.84	85.96	56.46	27.23	48.87	37.08	50.89
Cash at End of Period	58.13	46.70	48.14	37.84	85.96	56.46	27.23	48.87	37.08
Free Cash Flow	83.40	87.83	91.52	-5.70	69.66	53.36	49.57	52.29	32.19
Supplemental Disclosures
Interest Paid	3.52	4.46	5.52	2.69	2.32	-	-	-	-
Income Taxes Paid	26.44	19.84	12.81	18.35	19.25	-	-	-	-

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

Frequently Asked Questions About WD-40 Company Cash Flow

What is WD-40 Company's free cash flow?

WD-40 Company generated free cash flow of $83.40M in fiscal 2025 (fiscal year ended Aug 31, 2025), operating cash flow of $87.92M minus $4.53M of capital expenditures. That was down 5.0% from $87.83M a year earlier. Free cash flow equaled 13.5% of revenue.

How much does WD-40 Company spend on capital expenditures?

WD-40 Company spent $4.53M on capital expenditures in fiscal 2025, compared with $4.21M a year earlier. That equals 5.1% of operating cash flow.

Does WD-40 Company pay dividends or buy back shares?

Yes. In fiscal 2025 WD-40 Company returned $50.26M in dividends and $15.20M 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