Natural Grocers by Vitamin Cottage, Inc. (NGVC)

NGVC Cash Flow Statement

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

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Sep 30, 2025	Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021
Net Income	47.84	46.44	33.94	23.24	21.37	20.58
Depreciation & Amortization	31.84	31.81	30.93	28.91	27.91	29.63
Stock-Based Compensation	3.38	3.96	2.83	1.36	1.19	0.88
Other Adjustments	-1.81	-2.55	-1.99	0.19	3.63	2.25
Change in Receivables	1.53	-0.41	-1.79	0.32	-2.97	0.03
Changes in Inventories	-6.07	-12.3	-1.41	-5.5	-13.21	-0.37
Changes in Accounts Payable	5.91	-6.09	10.04	10.35	0.45	-2.64
Changes in Accrued Expenses	-2.83	1.39	2.78	6.33	0.15	1.59
Changes in Income Taxes Payable	-0.3	-0.6	0.25	0.38	-0.63	3
Changes in Other Operating Activities	-6.03	-6.36	-1.82	-0.96	1.83	-1.08
Operating Cash Flow	73.76	55.3	73.76	64.61	39.69	53.88
Operating Cash Flow Growth	23.30%	-25.02%	14.17%	62.76%	-26.33%	-18.98%
Capital Expenditures	-31.16	-31.2	-37.54	-36.57	-28.04	-26.35
Sale of Property, Plant & Equipment	0.09	0.09	0.04	0.11	0.02	0.09
Purchases of Intangible Assets	-0.15	-0.18	-1.14	-1.53	-3.41	-1.94
Other Investing Activities	0.1	0.32	0.04	0.04	0.28	0.44
Investing Cash Flow	-31.13	-30.97	-38.6	-37.95	-31.14	-27.76
Short-Term Debt Issued	670.7	666.2	604.2	531.1	129	65.9
Short-Term Debt Repaid	-679.6	-666.2	-604.2	-531.1	-129	-65.9
Net Short-Term Debt Issued (Repaid)	-8.9	-	-	-	-	-
Long-Term Debt Issued	-	-	-	-	-	35
Long-Term Debt Repaid	-3.74	-3.83	-11.3	-10.78	-10.72	-14.14
Net Long-Term Debt Issued (Repaid)	-3.74	-3.83	-11.3	-10.78	-10.72	20.86
Repurchase of Common Stock	-1.37	-1.25	-1.45	-0.49	-0.4	-0.39
Net Common Stock Issued (Repurchased)	-1.37	-1.25	-1.45	-0.49	-0.4	-0.39
Common Dividends Paid	-11.72	-11.01	-31.87	-9.09	-9.07	-51.45
Other Financing Activities	-	-	-0.02	-	-	-
Financing Cash Flow	-25.73	-16.09	-44.63	-20.35	-20.19	-30.98
Net Cash Flow	16.89	8.25	-9.47	6.3	-11.64	-4.86
Free Cash Flow	42.6	24.1	36.22	28.04	11.66	27.53
Free Cash Flow Growth	76.75%	-33.45%	29.18%	140.57%	-57.66%	-30.74%
FCF Margin	3.19%	1.81%	2.92%	2.46%	1.07%	2.61%
Free Cash Flow Per Share	1.83	1.04	1.57	1.23	0.51	1.21
Levered Free Cash Flow	26.56	19.28	25.87	15.39	-0.91	45.24
Unlevered Free Cash Flow	41.46	25.52	40.48	28.87	11.64	26.16

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q