Butler National Cash Flow Statement

Financials in millions USD. Fiscal year is May - April.

Millions USD. Fiscal year is May - Apr.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Oct '25 Oct 31, 2025	Apr '25 Apr 30, 2025	Apr '24 Apr 30, 2024	Apr '23 Apr 30, 2023	Apr '22 Apr 30, 2022	Apr '21 Apr 30, 2021
Net Income	16.39	12.55	12.51	4.52	10.37	1.43
Depreciation & Amortization	6.88	6.74	6.07	5.9	5.28	5.86
Loss (Gain) From Sale of Assets	-2.4	-1.03	-5.66	-0.48	-0.08	-
Stock-Based Compensation	0.47	0.38	0.21	1.49	1.39	1.31
Other Operating Activities	-0.16	-0.16	-0.45	0.3	0.05	0.8
Change in Accounts Receivable	0.56	0.73	-3.9	-0.58	-2.72	0.6
Change in Inventory	-1.02	-1.4	-1.05	-0.08	-0.3	0.05
Change in Accounts Payable	6.99	3.33	-0.03	2.55	0.88	0.93
Change in Unearned Revenue	-3.11	-0.39	-0.11	5.21	-4.98	3.61
Change in Income Taxes	1.83	-3.37	2.61	-0.82	0.84	0.01
Change in Other Net Operating Assets	0.3	1.03	-2.67	2.93	0.46	-1.13
Operating Cash Flow	26.73	18.4	7.54	20.94	11.18	13.46
Operating Cash Flow Growth	177.82%	144.15%	-64.00%	87.30%	-16.94%	33.99%
Capital Expenditures	-6.94	-8.26	-8.74	-6.51	-9.58	-6.99
Sale of Property, Plant & Equipment	3.08	2.84	7.61	0.57	0.08	-
Investing Cash Flow	-3.86	-5.42	-1.13	-5.94	-9.5	-6.99
Long-Term Debt Issued	-	2.02	-	-	1.26	2.48
Total Debt Issued	2.02	2.02	-	-	1.26	2.48
Long-Term Debt Repaid	-	-5.31	-5.56	-5.43	-4.64	-3.52
Total Debt Repaid	-5.71	-5.31	-5.56	-5.43	-4.64	-3.52
Net Debt Issued (Repaid)	-3.69	-3.29	-5.56	-5.43	-3.38	-1.04
Repurchase of Common Stock	-5.71	-2.26	-5.06	-0.06	-0.17	-0.2
Other Financing Activities	-	-	-	-	-7.66	-
Financing Cash Flow	-9.4	-5.56	-10.62	-5.49	-11.21	-1.24
Net Cash Flow	13.48	7.43	-4.21	9.51	-9.54	5.23
Free Cash Flow	19.79	10.15	-1.2	14.43	1.6	6.47
Free Cash Flow Growth	3046.42%	-	-	802.25%	-75.27%	-6.00%
Free Cash Flow Margin	22.97%	12.08%	-1.53%	19.19%	2.24%	10.52%
Free Cash Flow Per Share	0.30	0.15	-0.02	0.19	0.02	0.09
Cash Interest Paid	2.1	2.2	2.45	2.75	2.68	3.03
Cash Income Tax Paid	3.75	7.7	2.08	2.54	2.27	0.54
Levered Free Cash Flow	15.84	7.72	-0.58	13.6	-0.49	6.62
Unlevered Free Cash Flow	17.16	9.08	0.95	15.31	1.19	8.58
Change in Working Capital	5.55	-0.08	-5.14	9.21	-5.83	4.06

Updated Oct 31, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.