Photronics Cash Flow Statement

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

Millions USD. Fiscal year is Nov - Oct.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Oct '24 Oct 31, 2024	Oct '23 Oct 31, 2023	Oct '22 Oct 31, 2022	Oct '21 Oct 31, 2021
Net Income	136.41	130.69	125.49	118.79	55.45
Depreciation & Amortization	77.61	82.81	80.84	80.33	90.4
Stock-Based Compensation	13.39	13.89	8	6.31	5.35
Other Operating Activities	36.66	51.77	73.22	61.27	21.26
Change in Accounts Receivable	6.31	-2.54	4.03	-51.23	-36.62
Change in Inventory	-4.94	-6.15	1.24	-2.04	2.99
Change in Accounts Payable	-12.91	-9.64	-0.29	60.57	25.43
Change in Other Net Operating Assets	-4.72	0.63	9.67	1.2	-13.47
Operating Cash Flow	247.8	261.44	302.18	275.19	150.77
Operating Cash Flow Growth	-5.22%	-13.48%	9.81%	82.52%	5.40%
Capital Expenditures	-188.14	-130.94	-131.3	-112.34	-109.1
Sale (Purchase) of Intangibles	-0.09	-0.09	-0.12	-0.21	-0.17
Investment in Securities	-52.83	-27.72	27.35	-38.85	-
Other Investing Activities	2.16	2.29	2.52	3.64	5.78
Investing Cash Flow	-238.9	-156.47	-101.55	-147.76	-103.49
Long-Term Debt Issued	-	-	-	-	20.86
Long-Term Debt Repaid	-17.97	-6.62	-18.44	-65.44	-20.35
Net Debt Issued (Repaid)	-17.97	-6.62	-18.44	-65.44	0.51
Issuance of Common Stock	2.23	1.92	1.25	5.75	3.87
Repurchase of Common Stock	-97.42	-	-	-2.52	-48.25
Other Financing Activities	-2.09	-3.03	-1.3	23.52	-10.03
Financing Cash Flow	-115.26	-7.73	-18.49	-38.69	-53.9
Foreign Exchange Rate Adjustments	0.23	2.13	-2.68	-46.01	4.7
Net Cash Flow	-106.13	99.38	179.46	42.73	-1.92
Free Cash Flow	59.66	130.5	170.88	162.85	41.67
Free Cash Flow Growth	-54.28%	-23.63%	4.93%	290.78%	-42.31%
Free Cash Flow Margin	7.03%	15.05%	19.16%	19.75%	6.28%
Free Cash Flow Per Share	1.00	2.09	2.77	2.66	0.67
Cash Interest Paid	0.1	0.3	0.5	2.8	3.7
Cash Income Tax Paid	60.02	60	69.88	37.38	21.97
Levered Free Cash Flow	21.31	73.98	122.49	123.94	16.59
Unlevered Free Cash Flow	21.34	74.19	122.76	125.1	17.64
Change in Working Capital	-16.26	-17.71	14.63	8.5	-21.68

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