Progress Software Cash Flow Statement

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

Millions USD. Fiscal year is Dec - Nov.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Nov '25 Nov 30, 2025	Nov '24 Nov 30, 2024	Nov '23 Nov 30, 2023	Nov '22 Nov 30, 2022	Nov '21 Nov 30, 2021
Net Income	73.13	68.44	70.2	95.07	78.42
Depreciation & Amortization	151.72	103.04	103.15	74.73	52.98
Other Amortization	5.83	3.53	2.15	2.11	8.2
Loss (Gain) From Sale of Assets	-	-	-	-10.77	0.01
Stock-Based Compensation	64.77	46.76	40.53	37.09	29.72
Provision & Write-off of Bad Debts	4.52	0.54	0.49	0.77	-0.28
Other Operating Activities	-12.25	3.97	-19.25	0.18	10.04
Change in Accounts Receivable	-46.57	-45.88	12.12	-27.25	-11
Change in Inventory	-	-	2.49	-1.56	0.25
Change in Accounts Payable	-0.8	28.92	-1.24	-3.58	5.49
Change in Unearned Revenue	13.54	16.18	-24.1	36.27	30.47
Change in Income Taxes	3.17	0.44	-0.55	-0.12	-2.25
Change in Other Net Operating Assets	-21.88	-14.45	-12.05	-10.79	-23.51
Operating Cash Flow	235.19	211.49	173.92	192.16	178.53
Operating Cash Flow Growth	11.20%	21.60%	-9.49%	7.63%	23.25%
Capital Expenditures	-5.7	-5.21	-5.57	-6.09	-4.65
Sale of Property, Plant & Equipment	-	-	-	26	-
Cash Acquisitions	-21.22	-852.7	-355.25	-	-253.96
Investment in Securities	-	-	0.44	1.95	5.95
Other Investing Activities	-	-	-	0.13	2.33
Investing Cash Flow	-26.92	-857.91	-360.38	21.99	-250.34
Long-Term Debt Issued	-	1,180	195	7.48	360
Long-Term Debt Repaid	-130	-371.25	-91.88	-6.87	-117.31
Net Debt Issued (Repaid)	-130	808.7	103.13	0.6	242.69
Issuance of Common Stock	18.97	27.76	25.96	16.17	15.03
Repurchase of Common Stock	-120.34	-103.95	-46.34	-84.87	-40.19
Common Dividends Paid	-0.79	-31.46	-31.55	-31.06	-31.56
Other Financing Activities	-6.21	-60.23	-	-2.26	-53.86
Financing Cash Flow	-238.37	640.82	51.19	-101.42	132.11
Foreign Exchange Rate Adjustments	6.83	-3.29	5.96	-11.86	-2.89
Net Cash Flow	-23.27	-8.88	-129.32	100.87	57.42
Free Cash Flow	229.49	206.29	168.35	186.07	173.88
Free Cash Flow Growth	11.24%	22.54%	-9.52%	7.01%	25.70%
Free Cash Flow Margin	23.47%	27.38%	24.24%	30.91%	32.73%
Free Cash Flow Per Share	5.21	4.64	3.77	4.21	3.90
Cash Interest Paid	63.52	21.77	23.87	8.57	8.54
Cash Income Tax Paid	34.35	32.39	39.77	28.68	25.92
Levered Free Cash Flow	223.11	296.51	192.68	203.35	157.25
Unlevered Free Cash Flow	261.56	312.99	209.77	211.11	161.58
Change in Working Capital	-52.54	-14.79	-23.34	-7.03	-0.56

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