Natural Grocers by Vitamin Cottage, Inc. (NGVC)

NGVC Cash Flow Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	46.44	33.94	23.24	21.37	20.58
Depreciation & Amortization	31.81	32.63	30.41	28.61	30.43
Loss (Gain) From Sale of Assets	-0.03	0.01	0.38	0.08	0.21
Asset Writedown & Restructuring Costs	0.08	2.1	1.27	2.92	1.16
Stock-Based Compensation	3.96	2.83	1.36	1.19	0.88
Other Operating Activities	-2.6	-5.8	-2.96	-0.07	0.09
Change in Accounts Receivable	-0.41	-1.79	0.32	-2.97	0.03
Change in Inventory	-12.3	-1.41	-5.5	-13.21	-0.37
Change in Accounts Payable	-6.09	10.04	10.35	0.45	-2.64
Change in Income Taxes	-0.6	0.25	0.38	-0.63	3
Change in Other Net Operating Assets	-4.97	0.96	5.37	1.97	0.51
Operating Cash Flow	55.3	73.76	64.61	39.69	53.88
Operating Cash Flow Growth	-25.02%	14.17%	62.76%	-26.33%	-18.98%
Capital Expenditures	-31.2	-37.54	-36.57	-28.04	-26.35
Sale of Property, Plant & Equipment	0.09	0.04	0.11	0.02	0.09
Sale (Purchase) of Intangibles	-0.18	-1.14	-1.53	-3.41	-1.94
Other Investing Activities	0.32	0.04	0.04	0.28	0.44
Investing Cash Flow	-30.97	-38.6	-37.95	-31.14	-27.76
Short-Term Debt Issued	666.2	604.2	531.1	129	65.9
Long-Term Debt Issued	-	-	-	-	35
Total Debt Issued	666.2	604.2	531.1	129	100.9
Short-Term Debt Repaid	-666.2	-604.2	-531.1	-129	-65.9
Long-Term Debt Repaid	-3.83	-11.3	-10.78	-10.72	-14.14
Total Debt Repaid	-670.03	-615.5	-541.88	-139.72	-80.04
Net Debt Issued (Repaid)	-3.83	-11.3	-10.78	-10.72	20.86
Repurchase of Common Stock	-1.25	-1.45	-0.49	-0.4	-0.34
Common Dividends Paid	-11.01	-9.17	-9.09	-9.07	-6.32
Other Financing Activities	-	-0.02	-	-	-0.05
Financing Cash Flow	-16.09	-44.63	-20.35	-20.19	-30.98
Net Cash Flow	8.25	-9.47	6.3	-11.64	-4.86
Free Cash Flow	24.1	36.22	28.04	11.66	27.53
Free Cash Flow Growth	-33.45%	29.18%	140.57%	-57.66%	-30.74%
Free Cash Flow Margin	1.81%	2.92%	2.46%	1.07%	2.61%
Free Cash Flow Per Share	1.04	1.57	1.23	0.51	1.21
Cash Interest Paid	3.12	4.16	3.31	2.43	2.15
Cash Income Tax Paid	15.91	13.58	5.05	7.01	6.75
Levered Free Cash Flow	22.51	31.43	22.35	3.34	24.31
Unlevered Free Cash Flow	24.42	34.04	24.41	4.82	25.72
Change in Working Capital	-24.36	8.05	10.91	-14.39	0.54

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q