DLH Holdings Cash Flow Statement

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

Millions USD. Fiscal year is Oct - Sep.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep '25 Sep 30, 2025	Sep '24 Sep 30, 2024	Sep '23 Sep 30, 2023	Sep '22 Sep 30, 2022	Sep '21 Sep 30, 2021
Net Income	1.36	7.4	1.46	23.29	10.15
Depreciation & Amortization	17.18	17.05	15.56	7.67	8.12
Other Amortization	1.74	1.84	2.18	0.66	0.79
Asset Writedown & Restructuring Costs	-	-	7.67	-	-
Stock-Based Compensation	1.46	1.9	1.92	2.61	1.66
Other Operating Activities	-1.7	-3.18	-4.6	0.36	1.21
Change in Accounts Receivable	11.46	9.27	6.85	-7.05	-0.91
Change in Accounts Payable	-6.04	-4.41	-0.08	-5.86	4.14
Change in Unearned Revenue	-	-	-	-22.27	22.27
Change in Other Net Operating Assets	-2.24	-2.5	0.07	1.84	-1.77
Operating Cash Flow	23.22	27.37	31.03	1.24	45.67
Operating Cash Flow Growth	-15.17%	-11.82%	2396.62%	-97.28%	134.77%
Capital Expenditures	-0.24	-0.84	-0.63	-0.87	-0.1
Cash Acquisitions	-	-	-180.57	-	0.06
Investing Cash Flow	-0.24	-0.84	-181.2	-0.87	-0.04
Long-Term Debt Issued	253.18	361.72	373.27	17	30.95
Long-Term Debt Repaid	-276.17	-386.52	-215.91	-41.75	-54.2
Net Debt Issued (Repaid)	-22.99	-24.8	157.36	-24.75	-23.25
Issuance of Common Stock	-	0.26	1.11	0.84	0.37
Repurchase of Common Stock	-	-1.86	-0.65	-0.28	-
Other Financing Activities	-0.2	-	-7.67	-	-0.04
Financing Cash Flow	-23.19	-26.4	150.15	-24.19	-22.93
Net Cash Flow	-0.22	0.13	-0.01	-23.82	22.69
Free Cash Flow	22.98	26.53	30.41	0.37	45.56
Free Cash Flow Growth	-13.40%	-12.75%	8096.23%	-99.19%	136.08%
Free Cash Flow Margin	6.67%	6.70%	8.09%	0.09%	18.51%
Free Cash Flow Per Share	1.59	1.84	2.11	0.03	3.35
Cash Interest Paid	13.51	16.04	14.15	1.53	2.94
Cash Income Tax Paid	2.05	3.26	5.6	9.28	0.94
Levered Free Cash Flow	24.6	28.76	13.37	-4.01	42.12
Unlevered Free Cash Flow	32.25	37.64	21.35	-3.27	43.69
Change in Working Capital	3.17	2.36	6.84	-33.34	23.74

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