AudioCodes Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	13.83	15.31	8.78	28.47	33.75	27.25
Depreciation & Amortization	4.19	3.88	2.6	2.98	2.43	2.27
Loss (Gain) From Sale of Investments	0.55	1.12	1.13	1.51	1.59	0.17
Stock-Based Compensation	6.85	8.23	11.38	15.12	14.16	8.77
Other Operating Activities	1.1	1.2	-	-0.89	0.05	-0.03
Change in Accounts Receivable	-8.21	-3.85	1.6	-20.57	-14.44	-7.02
Change in Inventory	9.43	12.28	-7.79	-12.65	4.5	-1.53
Change in Accounts Payable	4.83	-0.01	-3.78	3.48	0.88	0.36
Change in Unearned Revenue	6.61	1.77	3.14	-2.03	5.48	5.91
Change in Other Net Operating Assets	6.05	-0.13	-3.6	-8.92	-4.48	-6.01
Operating Cash Flow	40.55	35.25	14.89	8.28	47.34	38.48
Operating Cash Flow Growth	38.76%	136.74%	79.82%	-82.51%	23.05%	66.07%
Capital Expenditures	-8.34	-24.28	-5.97	-1.49	-1.17	-1.53
Cash Acquisitions	-	-	-	-1.1	-2.8	-
Investment in Securities	34.21	42.09	25.94	-17.09	46.6	-137.78
Investing Cash Flow	25.87	17.81	19.98	-19.67	42.62	-139.31
Long-Term Debt Repaid	-	-	-	-	-1.2	-2.5
Net Debt Issued (Repaid)	-	-	-	-	-1.2	-2.5
Issuance of Common Stock	0.42	0.37	0.8	1.06	2.44	88.03
Repurchase of Common Stock	-30.5	-14.33	-18.26	-38.1	-41.85	-
Common Dividends Paid	-10.93	-10.9	-11.4	-11.55	-10.87	-8.44
Financing Cash Flow	-41.01	-24.86	-28.86	-48.6	-51.48	77.09
Net Cash Flow	25.4	28.2	6.01	-59.99	38.49	-23.74
Free Cash Flow	32.21	10.97	8.93	6.79	46.17	36.95
Free Cash Flow Growth	313.47%	22.93%	31.38%	-85.28%	24.97%	74.11%
Free Cash Flow Margin	13.17%	4.53%	3.65%	2.47%	18.55%	16.73%
Free Cash Flow Per Share	1.09	0.36	0.28	0.21	1.36	1.12
Cash Interest Paid	-	-	-	-	0.46	0.2
Cash Income Tax Paid	5.78	5.78	4.2	4.02	1.58	0.84
Levered Free Cash Flow	16.67	-3.18	4.42	18.9	39.27	24.89
Unlevered Free Cash Flow	17.3	-1.97	5.4	19.11	39.66	25.3
Change in Working Capital	14.04	5.52	-9	-38.91	-4.65	0.04

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