Argan Cash Flow Statement

Financials in millions USD. Fiscal year is February - January.

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Jan '25 Jan 31, 2025	Jan '24 Jan 31, 2024	Jan '23 Jan 31, 2023	Jan '22 Jan 31, 2022	Jan '21 Jan 31, 2021
Net Income	119.93	85.46	32.36	33.1	38.24	23.85
Depreciation & Amortization	6.09	6.05	4.31	6.24	4.24	4.62
Asset Writedown & Restructuring Costs	-	-	-	-	7.9	-
Loss (Gain) on Equity Investments	0.15	0.15	0.13	-1.11	0.47	-
Stock-Based Compensation	6.38	4.46	4.46	3.96	3.46	2.94
Provision & Write-off of Bad Debts	-	-	-	-	2.38	0.02
Other Operating Activities	4.41	3.58	-2.37	-3.23	0.6	10.05
Change in Accounts Receivable	-31.76	-108.85	-20.65	-43.12	21.26	15.21
Change in Accounts Payable	22.38	66.23	14.83	9.08	-5.74	31.44
Change in Unearned Revenue	181.23	118.19	84.79	-31.63	-44.15	99.36
Change in Other Net Operating Assets	-21.79	-7.68	-1	-3.35	-0.24	-11.47
Operating Cash Flow	287.01	167.58	116.86	-30.06	28.42	176.01
Operating Cash Flow Growth	94.51%	43.41%	-	-	-83.86%	228.60%
Capital Expenditures	-4.04	-6.58	-2.76	-3.37	-1.42	-1.7
Cash Acquisitions	-	-	-	-	-0.6	-
Investment in Securities	-109.1	-182.01	-64.85	-59.75	-5.02	68.67
Other Investing Activities	-5.02	-5.02	-	-	-	-
Investing Cash Flow	-118.16	-193.62	-67.61	-63.12	-7.04	66.97
Issuance of Common Stock	-	-	1.1	0.07	1.43	1.64
Repurchase of Common Stock	-12.33	-1.52	-12.46	-68.24	-20.37	-
Common Dividends Paid	-22.31	-18.27	-14.68	-13.96	-15.66	-15.68
Other Financing Activities	-6.27	-6.27	-	-0.68	-	-
Financing Cash Flow	-40.9	-26.06	-26.05	-82.8	-34.61	-45.41
Foreign Exchange Rate Adjustments	2.99	0.32	-0.12	-0.54	-2.97	1.73
Net Cash Flow	130.95	-51.77	23.09	-176.53	-16.2	199.31
Free Cash Flow	282.98	161	114.1	-33.43	26.99	174.32
Free Cash Flow Growth	99.67%	41.10%	-	-	-84.52%	274.82%
Free Cash Flow Margin	30.93%	18.42%	19.90%	-7.35%	5.30%	44.45%
Free Cash Flow Per Share	20.02	11.58	8.42	-2.36	1.70	11.02
Cash Income Tax Paid	43.07	30.83	14.3	6.67	13.9	4.5
Levered Free Cash Flow	207.47	115.27	105.86	-34.32	7.31	158.6
Unlevered Free Cash Flow	207.47	115.27	105.86	-34.32	7.31	158.6
Change in Working Capital	150.06	67.88	77.97	-69.01	-28.88	134.54

Source: S&P Global Market Intelligence. Standard template. Financial Sources.