Bel Fuse Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	61.54	40.96	73.83	52.69	24.82
Depreciation & Amortization	26.59	16.46	13.31	14.86	16.86
Other Amortization	1.55	0.15	0.03	0.03	1.3
Loss (Gain) From Sale of Assets	-5.7	-	-3.1	-1.6	-6.44
Loss (Gain) on Equity Investments	13.09	-	-	-	-
Stock-Based Compensation	6.81	3.74	3.49	2.38	2.3
Other Operating Activities	3.47	5.77	-3.55	-3.68	1.76
Change in Accounts Receivable	-13.36	0.98	27.95	-10.67	-27.12
Change in Inventory	-2.42	15.12	33.61	-36.59	-34.01
Change in Accounts Payable	2.44	0.14	-22.75	1.52	23.96
Change in Income Taxes	-3.66	-1.01	-4.98	1.96	-1.51
Change in Other Net Operating Assets	-9.74	-8.24	-9.51	19.35	2.7
Operating Cash Flow	80.61	74.06	108.35	40.26	4.63
Operating Cash Flow Growth	8.84%	-31.64%	169.14%	769.11%	-89.95%
Capital Expenditures	-12	-14.11	-12.13	-8.83	-9.4
Sale of Property, Plant & Equipment	7.8	0.88	6.04	1.83	7.33
Cash Acquisitions	-	-320.48	-	-	-16.81
Divestitures	-	-	5.06	-	-
Investment in Securities	0.95	36.6	-50.36	-	-
Other Investing Activities	-	-0.79	-2.15	-	-
Investing Cash Flow	-3.25	-297.89	-53.54	-7	-18.88
Long-Term Debt Issued	8	242.5	5	-	115
Total Debt Issued	8	242.5	5	-	115
Long-Term Debt Repaid	-98	-15	-40	-17.5	-119.35
Total Debt Repaid	-98	-15	-40	-17.5	-119.35
Net Debt Issued (Repaid)	-90	227.5	-35	-17.5	-4.35
Repurchase of Common Stock	-	-16.05	-0.11	-0.35	-
Common Dividends Paid	-3.47	-3.45	-3.49	-3.41	-3.38
Other Financing Activities	-0.68	-1.74	-	-	-0.68
Financing Cash Flow	-94.15	206.26	-38.6	-21.26	-8.4
Foreign Exchange Rate Adjustments	6.33	-3.55	2.89	-3.49	-0.54
Net Cash Flow	-10.45	-21.12	19.11	8.51	-23.18
Free Cash Flow	68.61	59.96	96.22	31.43	-4.77
Free Cash Flow Growth	14.43%	-37.69%	206.20%	-	-
Free Cash Flow Margin	10.16%	11.21%	15.04%	4.80%	-0.88%
Free Cash Flow Per Share	5.42	4.75	7.53	2.51	-0.38
Cash Interest Paid	14.79	5.8	4.73	3.37	2.14
Cash Income Tax Paid	23.73	22.95	25.06	14.62	2.87
Levered Free Cash Flow	58.1	19.94	91.61	31.38	-17.99
Unlevered Free Cash Flow	65.77	22.33	93.36	33.45	-17.08
Change in Working Capital	-26.73	6.99	24.34	-24.44	-35.97

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