The Middleby Corporation Cash Flow Statement

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

Millions USD. Fiscal year is Feb - Jan.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jan '26 Jan 3, 2026	Dec '24 Dec 28, 2024	Dec '23 Dec 30, 2023	Dec '22 Dec 31, 2022	Jan '22 Jan 1, 2022
Net Income	-555.46	856.87	801.76	436.57	488.49
Depreciation & Amortization	105.31	104.11	109.92	138.06	125.24
Stock-Based Compensation	13.46	31.9	45.16	58.37	42.33
Other Adjustments	74.32	30.89	-5.08	-61.45	-48.85
Change in Receivables	-14.47	16.92	-12.12	-28.39	-93.99
Changes in Inventories	3.07	60.96	76.23	-196.31	-198.26
Changes in Accounts Payable	18.07	-14.39	-43.05	-47.74	61.34
Changes in Accrued Expenses	3.17	7.41	-75.82	38.65	36.24
Changes in Other Operating Activities	-5.61	-44.25	0.41	-5.2	10.85
Operating Cash Flow	630.2	686.82	628.79	332.55	423.4
Operating Cash Flow Growth	-8.24%	9.23%	89.08%	-21.46%	-19.32%
Capital Expenditures	-70.73	-36.69	-59.17	-67.29	-46.55
Sale of Property, Plant & Equipment	-	2.51	-	-	6.29
Purchases of Intangible Assets	-1.11	-0.08	-1.7	-2.23	-5
Payments for Business Acquisitions	-31.98	-111.43	-37.88	-278.8	-963.6
Investing Cash Flow	-126.89	-158.54	-155.74	-348.32	-1,009
Long-Term Debt Issued	1,107	-	640.2	1,870	1,739
Long-Term Debt Repaid	-1,354	-35.01	-948.66	-1,580	-1,137
Net Long-Term Debt Issued (Repaid)	-247.5	-35.01	-308.46	290.28	602.01
Repurchase of Common Stock	-723.61	-34.66	-74.57	-264.78	-29.27
Net Common Stock Issued (Repurchased)	-723.61	-34.66	-74.57	-264.78	-29.27
Other Financing Activities	-23.05	-4.1	-7.91	-17.87	-69.96
Financing Cash Flow	-970.94	-73.77	-390.94	7.63	502.79
Effect of Exchange Rate Changes on Cash and Cash Equivalents	22.55	-12.48	3.39	-10.23	-5.07
Net Cash Flow	-445.09	442.04	85.5	-18.36	-87.74
Free Cash Flow	559.47	650.13	569.62	265.26	376.85
Free Cash Flow Growth	-13.94%	14.13%	114.74%	-29.61%	-23.08%
FCF Margin	17.48%	20.64%	17.57%	6.58%	11.59%
Free Cash Flow Per Share	10.72	11.99	10.53	4.83	6.65
Levered Free Cash Flow	-471.96	470.58	100.94	587.02	1,079
Unlevered Free Cash Flow	491.07	556.15	511.16	354.89	485.62

Updated Jan 3, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.